Yamaha 2006 Annual Report Download - page 71

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Yamaha Annual Report 2006 71
20. DERIVATIVES AND HEDGING ACTIVITIES
The Yamaha Group utilizes derivative financial instruments such as forward foreign exchange contracts and foreign currency options
for the purpose of hedging its exposure to adverse fluctuation in foreign currency exchange rates, but does not enter into such
transactions for speculative or trading purposes.
The Yamaha Group may, from time to time, enter into foreign forward exchange agreements in order to manage risk arising from
adverse fluctuation in foreign exchange transactions. The Yamaha Group has implemented internal regulations under which any sig-
nificant foreign exchange risk will be hedged.
No specific disclosure for derivatives has been made as the Yamaha Group, as a matter of principle, holds only derivative positions
which meet the criteria for deferral hedge accounting.
21. SEGMENT INFORMATION
The business and geographical segments and overseas sales of the Company and its consolidated subsidiaries for the years ended
March 31, 2006 and 2005 are outlined as follows:
Business Segments
Year ended March 31, 2006
I. Sales and operating income (loss)
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating income (loss)
II. Total assets, depreciation and
capital expenditures
Total assets
Depreciation
Capital expenditures
¥ 314,078
314,078
299,946
¥ 14,132
¥ 268,635
8,632
11,877
¥ 75,939
75,939
73,825
¥ 2,113
¥ 40,523
1,542
1,129
¥ 56,167
1,668
57,836
49,908
¥ 7,927
¥ 47,065
4,471
5,488
¥ 45,214
45,214
44,045
¥ 1,169
¥ 21,291
1,062
1,245
¥ 18,013
18,013
19,802
¥ (1,789)
¥ 18,344
1,845
771
¥ 24,671
24,671
24,089
¥ 582
¥ 124,117
1,390
2,370
Musical
instruments AV/IT
Electronic
equipment
and metal
products Others
Lifestyle-
related
products Recreation
¥ 534,084
1,668
535,753
511,617
¥ 24,135
¥ 519,977
18,944
22,882
¥
(1,668)
(1,668)
(1,668)
¥
¥
¥ 534,084
534,084
509,949
¥ 24,135
¥ 519,977
18,944
22,882
Consolidated
Total
Eliminations
or unallocat-
ed amounts
Millions of Yen
Year ended March 31, 2006
I. Sales and operating income (loss)
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating income (loss)
II. Total assets, depreciation and
capital expenditures
Total assets
Depreciation
Capital expenditures
$ 2,673,687
2,673,687
2,553,384
$ 120,303
$ 2,286,839
73,483
101,107
$ 646,454
646,454
628,458
$ 17,988
$ 344,965
13,127
9,611
$ 478,139
14,199
492,347
424,857
$ 67,481
$ 400,655
38,061
46,718
$ 384,898
384,898
374,947
$ 9,951
$ 181,246
9,041
10,598
$ 153,341
153,341
168,571
$ (15,229)
$ 156,159
15,706
6,563
$ 210,020
210,020
205,065
$ 4,954
$ 1,056,585
11,833
20,175
Musical
instruments AV/IT
Electronic
equipment
and metal
products Others
Lifestyle-
related
products Recreation
$ 4,546,557
14,199
4,560,764
4,355,299
$ 205,457
$ 4,426,466
161,267
194,790
$
(14,199)
(14,199)
(14,199)
$
$
$ 4,546,557
4,546,557
4,341,100
$ 205,457
$ 4,426,466
161,267
194,790
Consolidated
Total
Eliminations
or unallocat-
ed amounts
Thousands of U.S. Dollars