CENTRAL JAPAN RAILWAY COMPANY Annual Report 2007

Total
$ 10,172,483
99,271
10,271,754
7,072,271
$ 1,586,415
73,246
1,659,661
1,595,577
$ 355,042
175,458
530,500
414,051
$ 523,932
827,719
1,351,651
1,316,041
$ (1,175,694)
(1,175,694)
(1,170,974)
$ 12,637,872
12,637,872
9,226,966
Operating income
$ 3,199,483
$ 64,084
As discussed in Note 4, effective April 1, 2004, the Company adopted the declining-balance method of depreciation for the buildings and structures of the Shinkansen railway
ground facilities, which had been previously depreciated by the straight-line method which had been different from method adopted for conventional railway network since
assuming the Shinkansen railway ground facilities. This change was made to reinforce the financial position and unify its method to the method adopted for conventional
railway network in connection with both commencement of Shinagawa station and drastic timetable revisions focusing on completion of improving the Shinkansen trains to
operate at 270 km/hr. The effects of this change were to increase depreciation expense in transportation segment by ¥39,455 million and to decrease operating income of
transportation segment by approximately ¥39,455 million for the year ended March 31, 2005.
(2) Assets, Depreciation and Amortization, Impairment Loss and Capital Expenditures
$ 116,449
$ 35,610
$ (4,720)
$ 3,410,906
¥ 4,875,275
199, 661
182,517
¥ 71,308
2,875
24
7,485
¥ 287,667
10,651
1,252
21,429
¥ 109,370
2,036
2,494
¥ (179,040) ¥ 5,164,581
215,225
1,276
213,927
¥ 4,956,400
219,799
2,450
112,319
¥ 65,723
2,519
2,845
¥ 283,191
10,644
14,731
¥ 93,203
1,891
2,527
¥ (88,670) ¥ 5,309,848
234,854
2,450
132,423
¥ 5,055,400
236,241
124,670
¥ 60,039
2,446
3,930
¥ 272,077
10,285
11,098
¥ 83,272
1,834
3,023
¥ (161,298) ¥ 5,309,491
250,807
142,722
$ 41,315,889
1,692,042
1,546,754
$ 604,305
24,364
203
63,432
$ 2,437,855
90,262
10,610
181,601
$ 926,874
17,272
As discussed in Note 3.g, effective April 1, 2004, the Companies adopted the new accounting standard for impairment of fixed assets. The effects of this change were to
decrease assets in transportation segment by ¥1,005 million and to decrease assets in merchandise and other segment by ¥47 million for the year ended March 31, 2005.
The amounts of corporate assets included in eliminations or corporate column were ¥86,240 million ($730,847 thousand), ¥159,703 million and ¥49,445 million for the years
ended March 31, 2007, 2006 and 2005, respectively. Corporate assets principally consisted of short-term and long-term investments.
Geographic segment information and information for overseas sales are not presented since the Companies have no overseas operations.
21,153
16. SUBSEQUENT EVENTS
Appropriations of Retained Earnings
The following appropriations of retained earnings at March 31, 2007 were approved at the Company's shareholders meeting held on June 22, 2007:
$ (1,517,288) $ 43,767,635
1,823,940
10,813
1,812,940
¥ 7,888 $ 66,847
49