Sony 2003 Annual Report Download - page 185
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Consolidated Financial Information 2003
- 99 -
amount. Accordingly, no impairment loss was recorded for goodwill upon the adoption of FAS No. 142.
The changes in the carrying amount of goodwill by operating segment for the years ended March 31, 2002
and 2003 are as follows:
Yen in millions
Electronics Game Music Pictures Other Total
Balance at March 31, 2001 ¥54,895 ¥115,009 ¥52,017 ¥83,238 – ¥305,159
Goodwill acquired during year 3,674 – 3,184 –¥1,439 8,297
Other * (1,716) (3,904) 3,399 6,154 (149) 3,784
Balance at March 31, 2002 56,853 111,105 58,600 89,392 1,290 317,240
Goodwill acquired during year 5,380 108 1,837 –140 7,465
Reduction under FAS No. 109 (9,054) –(17,768) (6,703) – (33,525)
Other * – (607) 3,352 (3,992) 194 (1,053)
Balance at March 31, 2003 ¥53,179 ¥110,606 ¥46,021 ¥78,697 ¥1,624
¥290,127
Dollars in millions
Electronics Game Music Pictures Other Total
Balance at March 31, 2002 $473 $926 $489 $745 $11
$2,644
Goodwill acquired during year 45 115 –1 62
Reduction under FAS No. 109 (75) –(148) (56) – (279)
Other * – (5) 27 (33) 2 (9)
Balance at March 31, 2003 $443 $922 $383 $656 $14
$2,418
*Other primarily consists of translation adjustments and reclassification to/from other accounts.
During the year ended March 31, 2003, Sony realized tax benefits from operating loss carryforwards that were
acquired in connection with Sony’s acquisition of companies within the Electronics, Music and Pictures
businesses. Under FAS No. 109, “Accounting for Income Taxes”, the reversal of the valuation allowance upon
the realization of tax benefits from the operating loss carryforwards was applied to reduce a portion of the
goodwill relating to the acquisition of these companies.
Amounts previously reported for income before cumulative effect of accounting changes and net income
and basic and diluted earnings per share (EPS) for the year ended March 31, 2001 are reconciled to amounts
adjusted to exclude the amortization expense related to goodwill and indefinite-lived intangible assets as
follows: