Yamaha 2003 Annual Report Download - page 43

ANNUAL REPORT 2003 41
17. SUPPLEMENTARY CASH FLOW INFORMATION
The following table represents a reconciliation of cash and cash equivalents at March 31, 2003 and 2002:
Thousands of
Millions of Yen U.S. Dollars
2003 2002 2003
Cash and bank deposits......................................................................................................... ¥44,485 ¥41,074 $370,092
Time deposits with a maturity of more than three months ..................................................... (1,509) (502) (12,554)
Cash and cash equivalents .................................................................................................... ¥42,976 ¥40,571 $357,537
18. DERIVATIVES AND HEDGING ACTIVITIES
The Group utilizes derivative financial instruments such as forward exchange contracts and currency options for the
purpose of hedging its exposure to adverse fluctuations in foreign currency exchange rates but does not enter into
such transactions for speculative or trading purposes.
The Group may from time to time enter into foreign forward exchange agreements in order to manage certain risks
arising from adverse fluctuations in the foreign exchange transactions. The Group has implemented internal regula-
tions under which they will hedge any significant foreign exchange risks.
No specific disclosure for derivatives has been made as the Group principally holds only derivatives positions
which meet the criteria for deferral hedge accounting.
19. SEGMENT INFORMATION
The business and geographical segments and overseas sales for the Company and its consolidated subsidiaries for the
years ended March 31, 2003 and 2002 are outlined as follows:
Business Segments
Millions of Yen
Electronic
Lifestyle- equipment Eliminations
Musical related and metal or unallocated
Year ended March 31, 2003 instruments AV/IT products products Recreation Others Total amounts Consolidated
I. Sales and operating income (loss)
Sales to external customers .............. ¥292,647 ¥83,670 ¥46,031 ¥60,554 ¥20,903 ¥20,956 ¥524,763 ¥ — ¥524,763
Intersegment sales or transfers ......... — — — 2,599 — — 2,599 (2,599) —
Total sales ........................................ 292,647 83,670 46,031 63,153 20,903 20,956 527,363 (2,599) 524,763
Operating expenses .......................... 282,854 80,419 45,569 43,870 22,013 20,591 495,320 (2,599) 492,720
Operating income (loss).................... ¥ 9,792 ¥ 3,250 ¥ 461 ¥19,282 ¥ (1,110) ¥ 365 ¥ 32,043 ¥ — ¥ 32,043
II. Total assets, depreciation
and capital expenditures
Total assets....................................... ¥255,247 ¥42,922 ¥18,909 ¥53,011 ¥58,849 ¥83,775 ¥512,716 ¥ — ¥512,716
Depreciation..................................... 8,001 1,807 1,002 2,845 2,932 996 17,586 — 17,586
Capital expenditures ........................ 9,067 1,503 911 3,320 728 1,352 16,883 — 16,883
Thousands of U.S. Dollars
Electronic
Lifestyle- equipment Eliminations
Musical related and metal or unallocated
Year ended March 31, 2003 instruments AV/IT products products Recreation Others Total amounts Consolidated
I. Sales and operating income (loss)
Sales to external customers .............. $2,434,667 $696,090 $382,953 $503,777 $173,902 $174,343 $4,365,749 $ — $4,365,749
Intersegment sales or transfers ......... — — — 21,622 — — 21,622 (21,622) —
Total sales ........................................ 2,434,661 696,090 382,953 525,399 173,902 174,343 4,387,379 (21,622) 4,365,749
Operating expenses .......................... 2,353,195 669,043 379,110 364,975 183,136 171,306 4,120,799 (21,622) 4,099,168
Operating income (loss).................... $ 81,464 $ 27,038 $ 3,835 $160,416 $ (9,235) $ 3,037 $ 266,581 $ — $ 266,581
II. Total assets, depreciation
and capital expenditures
Total assets....................................... $2,123,519 $357,088 $157,313 $441,023 $489,592 $696,963 $4,265,524 $ — $4,265,524
Depreciation..................................... 66,564 15,033 8,336 23,669 24,393 8,286 146,306 — 146,306
Capital expenditures ........................ 75,433 12,504 7,579 27,621 6,057 11,248 140,458 — 140,458