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30 TOSHIBA Annual Report 2013
Toshiba Corporation and Subsidiaries
March 31, 2013
Notes to Consolidated Financial Statements
3. U.S. DOLLAR AMOUNTS
U.S. dollar amounts are included solely for convenience of readers. These translations should not be construed as a
representation that the yen could be converted into U.S. dollars at this rate or any other rates. The amounts shown in U.S.
dollars are not intended to be computed in accordance with generally accepted accounting principles in the United
States for the translation of foreign currency amounts. The rate of ¥94=U.S.$1, the approximate current rate of exchange
at March 31, 2013, has been used throughout for the purpose of presentation of the U.S. dollar amounts in the
accompanying consolidated financial statements.
4. DISCONTINUED OPERATION
On June 17, 2010, the Company and Fujitsu Limited (“Fujitsu”) signed a Memorandum of Understanding (MOU) to merge
their mobile phone businesses, followed by a definitive contract on July 29, 2010. The purpose of this business merger
was to enhance their handset development capabilities and at the same time to improve business efficiency by
combining their mobile phone development know-how and technological strengths, in the domestic and overseas
mobile phone market in which competition is intensifying. On October 1, 2010, the Company transferred its mobile
phone business to a newly established company (Fujitsu Toshiba Mobile Communications Limited), and sold 80.1% of the
shares of the new company to Fujitsu. On April 1, 2012, the Company sold 19.9% of the shares of the new company to
Fujitsu. All shares of the company have been transferred by this transaction.
In accordance with this contract, the Company ceased manufacturing and selling of the existing models of mobile phones
during the second quarter of FY2011. However, the Company continues the maintenance service of products
manufactured and supplied.
In accordance with ASC No.205-20 "Presentation of Financial Statements-Discontinued Operations" (“ASC No.205-20”),
operating results relating to the mobile phone business are separately presented as discontinued operations in the
consolidated statements of income.
Operating results relating to the mobile phone business, which are reclassified as discontinued operations, are as follows.
The amounts for the year ended March 31, 2013 were not significant.
Millions of yen
Year ended March 31 2012
Sales and other income ¥ 21,636
Costs and expenses 23,955
Loss from discontinued operations,
before income taxes and noncontrolling interests (2,319)
Income taxes (944)
Loss from discontinued operations,
before noncontrolling interests (1,375)
Less:Net income (loss) from discontinued operations
attributable to noncontrolling interests −
Net loss from discontinued operations
attributable to shareholders of the Company (1,375)
Mobile Broadcasting Corporation (“MBCO”), a consolidated subsidiary of the Company, ended all its broadcasting services
by the end of March 2009, and is in the course of going through the procedures for dissolution. In accordance with ASC
No.205-20, operating results relating to MBCO in consolidated statements of income are separately presented as
discontinued operations. These amounts were not significant.