Pioneer 2016 Annual Report Download - page 53

(2) Amounts and details of the assets and liabilities, consideration and payment for Business Transfer in relation
to transfer of the Group’s business relating to the home AV business, telephone business and headphone-related
business were as follows:
Millions of Yen
Current assets ¥ 9,380
Non-current assets 627
Current liabilities (6,215)
Non-current liabilities (174)
Accrued expenses 1,558
Loss on Business Transfer (3,526)
Consideration ¥ 1,650
Cash and cash equivalents (2,377)
Advisory fee (395)
Payment for Business Transfer ¥(1,122)
Under ASBJ Statement No. 17, “Accounting Stand-
ard for Segment Information Disclosures” and ASBJ
Guidance No. 20, “Guidance on Accounting Stand-
ard Segment Information Disclosures,” an entity is
required to report financial and descriptive information
about its reportable segments. Reportable segments
are operating segments or aggregations of operat-
ing segments that meet specified criteria. Reportable
segments are components of an entity about which
separate financial information is available, and such
information is evaluated regularly by the chief operating
decision maker in deciding how to allocate resources
and in assessing performance. Generally, segment
information is required to be reported on the same
basis as is used internally for evaluating operating
segment performance and deciding how to allocate
resources to operating segments.
(1) Description of reportable segments
The Group’s reportable segments are those for which
separate financial information is available and regular
evaluation by the board of directors is being per-
formed in order to decide how resources are allocated
among the Group. The Group identifies its business
divisions by product and service. Each business divi-
sion plans its comprehensive Japanese and overseas
strategy for its products and services, and operates
its business activities according to such strategy.
Therefore, the Group’s reportable segments con-
sist of its business divisions, identified by product and
service, which are two segments: “Car Electronics”
and “Others.”
“Car Electronics” produces and sells car navi-
gation systems, car stereos, car AV systems, car
speakers and others.
“Others” produces and sells Blu-ray Disc drives,
DVD drives, equipment for cable-TV systems, factory
automation systems, map software, electronic devices
and parts, speaker units and organic light-emitting
diode displays, and provides electronic manufactur-
ing services (EMS), DJ equipment (subcontracted
manufacturing/sales) and home AV products (sub-
contracted manufacturing/sales) and others.
The Group transferred its home AV, telephones,
headphone-related and DJ equipment businesses
during the year ended March 31, 2015. Accordingly,
from the year ended March 31, 2016, the Group
changed its reportable segments to “Car Electronics”
and “Others.” Information about sales, profit (loss),
assets and other items for the year ended March 31,
2015 have been restated under the new classification.
(2) Methods of measurement for the amounts of sales,
income (loss), assets and other items by each report-
able segment
The accounting policies of each reportable seg-
ment are consistent with those disclosed in Note 2,
“Summary of Significant Accounting Policies.”
Income by reported segment is adjusted to
operating income disclosed in the accompanying
consolidated statements of income.
20. Segment Information
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Pioneer Corporation Annual Report 2016