Yamaha 2007 Annual Report Download - page 39

75 Yamaha Annual Report 2007 76
23. 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 signifi-
cant 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.
24. SEGMENT INFORMATION
The business and geographical segments and overseas sales of the Company and its consolidated subsidiaries for the years ended
March 31, 2007 and 2006 are outlined as follows:
Business Segments
Year ended March 31, 2007
I. Sales and operating income (loss)
Sales to external customers
Intersegment sales or transfers
Total
Operating expenses
Operating income (loss)
II. Total assets, depreciation, loss on
impairment of fixed assets and
capital expenditures
Total assets
Depreciation
Loss on impairment of fixed assets
Capital expenditures
¥ 325,989
325,989
303,951
¥ 22,037
¥ 283,605
9,242
14,817
¥ 72,823
72,823
70,685
¥ 2,137
¥ 41,807
1,610
1,539
¥ 54,809
1,714
56,524
53,423
¥ 3,101
¥ 48,759
4,676
4,395
¥ 46,573
46,573
45,422
¥ 1,150
¥ 22,814
1,007
1,303
¥ 17,800
17,800
19,337
¥ (1,536)
¥ 13,454
1,452
4,728
1,464
¥ 32,365
32,365
31,570
¥ 794
¥ 148,589
1,967
1,631
Musical
instruments AV/IT
Electronic
equipment
and metal
products Others
Lifestyle-
related
products Recreation
¥ 550,361
1,714
552,076
524,391
¥ 27,685
¥ 559,031
19,956
4,728
25,152
¥
(1,714)
(1,714)
(1,714)
¥
¥
¥ 550,361
550,361
522,676
¥ 27,685
¥ 559,031
19,956
4,728
25,152
Consolidated Total
Eliminations
or unallocat-
ed amounts
Millions of Yen
Year ended March 31, 2007
I. Sales and operating income (loss)
Sales to external customers
Intersegment sales or transfers
Total
Operating expenses
Operating income (loss)
II. Total assets, depreciation, loss on
impairment of fixed assets and
capital expenditures
Total assets
Depreciation
Loss on impairment of fixed assets
Capital expenditures
$ 2,761,449
2,761,449
2,574,765
$ 186,675
$ 2,402,414
78,289
125,515
$ 616,883
616,883
598,772
$ 18,102
$ 354,147
13,638
13,037
$ 464,286
14,519
478,814
452,546
$ 26,269
$ 413,037
39,610
37,230
$ 394,519
394,519
384,769
$ 9,742
$ 193,257
8,530
11,038
$ 150,784
150,784
163,803
$ (13,011)
$ 113,969
12,300
40,051
12,402
$ 274,163
274,163
267,429
$ 6,726
$ 1,258,695
16,662
13,816
Musical
instruments AV/IT
Electronic
equipment
and metal
products Others
Lifestyle-
related
products Recreation
$ 4,662,101
14,519
4,676,629
4,442,109
$ 234,519
$ 4,735,544
169,047
40,051
213,062
$
(14,519)
(14,519)
(14,519)
$
$
$ 4,662,101
4,662,101
4,427,582
$ 234,519
$ 4,735,544
169,047
40,051
213,062
Consolidated Total
Eliminations
or unallocat-
ed amounts
Thousands of U.S. Dollars
Other securities:
Unlisted securities
2007
$ 59,382
2006
¥ 6,921
2007
¥ 7,010
Millions of Yen
Thousands of
U.S. Dollars
As of March 31, 2007
Bonds:
Government and municipal bonds
Corporate bonds
Other
Total
¥—
20
399
¥ 419
¥ 600
399
999
¥ 1,999
$—
169
3,380
$ 3,549
$ 5,083
3,380
8,463
$ 16,934
Due in one year
or less
Due after one year
through five years
Due in one year
or less
Due after one year
through five years
Millions of Yen Thousands of U.S. Dollars
As of March 31, 2006
Bonds:
Government and municipal bonds
Corporate bonds
Other
Total
¥ 200
120
199
¥ 520
¥ 299
419
1,499
¥ 2,219
Due in one year
or less
Due after one year
through five years
Millions of Yen
(e) Schedule for redemption of other securities with maturities and held-to-maturity debt securities at March 31, 2007 and 2006
(d) Securities without determinable value