Yamaha 2009 Annual Report Download - page 73

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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 the risk arising from
adverse fluctuation in foreign exchange transactions. The Yamaha Group has implemented internal regulations under which any significant
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 derivatives 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, 2009 and 2008 are outlined as follows:
Business Segments
Millions of Yen
Year ended March 31, 2009 Musical
instruments AV/IT
Electronic
devices
Lifestyle-
related
products Others Total
Eliminations or
unallocated
amounts Consolidated
I. Sales and operating income (loss)
Sales to external customers ¥306,630 ¥56,722 ¥21,975 ¥43,121 ¥30,833 ¥459,284 ¥ — ¥459,284
Intersegment sales or transfers 1,036 1,036 (1,036) —
Total 306,630 56,722 23,012 43,121 30,833 460,321 (1,036) 459,284
Operating expenses 287,432 57,132 25,548 43,426 32,934 446,476 (1,036) 445,439
Operating income (loss) ¥ 19,198 ¥ (410) ¥ (2,536) ¥ (305) ¥ (2,100) ¥ 13,845 ¥ — ¥ 13,845
II. Total assets, depreciation and
amortization, loss on impairment of
fixed assets and capital expenditures
Total assets ¥271,159 ¥31,589 ¥18,227 ¥18,207 ¥69,791 ¥408,974 ¥ — ¥408,974
Depreciation and amortization 10,042 1,631 3,326 1,021 1,889 17,912 — 17,912
Loss on impairment of fixed assets 5,665 5,559 4,099 15,323 — 15,323
Capital expenditures 14,793 1,451 3,247 1,006 2,082 22,581 — 22,581
Millions of Yen
Year ended March 31, 2008 Musical
instruments AV/IT
Electronic
equipment
and metal
products
Lifestyle-
related
products Recreation Others Total
Eliminations or
unallocated
amounts Consolidated
I. Sales and operating income (loss)
Sales to external customers ¥340,021 ¥70,814 ¥45,000 ¥45,520 ¥11,353 ¥ 36,044 ¥548,754 ¥ — ¥548,754
Intersegment sales or transfers 1,316 1,316 (1,316) —
Total 340,021 70,814 46,316 45,520 11,353 36,044 550,070 (1,316) 548,754
Operating expenses 312,096 68,974 44,452 44,931 12,456 34,313 517,225 (1,316) 515,908
Operating income (loss) ¥ 27,924 ¥ 1,839 ¥ 1,863 ¥ 588 ¥ (1,103) ¥ 1,731 ¥ 32,845 ¥ — ¥ 32,845
II. Total assets, depreciation and
amortization and capital expenditures
Total assets ¥311,642 ¥43,861 ¥33,086 ¥21,585 ¥ 8,062 ¥122,109 ¥540,347 ¥ — ¥540,347
Depreciation and amortization 10,156 1,794 4,618 1,063 926 1,730 20,289 — 20,289
Capital expenditures 16,472 2,009 2,435 647 600 2,228 24,394 — 24,394
Annual Report 2009 71