ANNUAL REPORT

FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED MARCH 31, 2009
1. REPORTING ENTITY
RHJ International SA (“RHJI”) is a company incorporated under
the laws of Belgium, having its registered offices at Avenue
Louise, 326 at 1050 Brussels. The consolidated financial
statements for the year ended March 31, 2009 comprise RHJI, its
subsidiaries and its businesses accounted for under the equity
method (together referred to as the “Company”).
The Company is involved in the following businesses
• Automotive
- auto cast parts components with Asahi Tec Corporation
("Asahi Tec") and Honsel International Technologies SA
("HIT"); and
- electronic components with Niles Co. Ltd. ("Niles") and
U-shin Ltd. ("U-shin").
• Media and entertainment with Columbia Music
Entertainment, Inc. (“CME”) in the music industry.
• Hospitality with Phoenix Resort KK (“Phoenix Seagaia
Resort”).
• Consumer products with Shaklee Global Group Inc.
("Shaklee").
• ICT consulting services with SigmaXYZ Inc. ("SigmaXYZ").
The financial statements were authorized for issue by the Board
of Directors on July 22, 2009.
2. BASIS OF PREPARATION
2.1. Statement of compliance
The consolidated financial statements have been prepared in
accordance with International Financial Reporting Standards
(“IFRS”) as adopted by the European Union up to March 31,
2009. The Company was not obliged to apply any European
carve-outs from IFRS, meaning that the financial statements
fully comply with IFRS. The Company has not applied any
standards and interpretations issued up to March 31, 2009, but
with an effective date after March 31, 2009. Certain amounts of
the fiscal year ended March 31, 2008 have been reclassified to
conform to the presentation of the fiscal year ended March 31,
2009, resulting from new presentation requirements.
The accounting standards applied in the consolidated financial
statements for the year ended March 31, 2009 are consistent
with those used to prepare the consolidated financial statements
for the year ended March 31, 2008.
2.2. Functional and presentation
currency
The financial statements are presented in Japanese Yen ("JPY")
which is the functional currency of the Company, rounded to the
nearest million.
2.3. Basis of measurement
The financial statements are prepared on the historical cost
basis except for derivative financial instruments, investments
held for trading and available for sale investments which are
stated at fair value. The non-current assets held for sale are
measured at the lower of their carrying value and fair value less
cost to sell. Investments in equity instruments or derivatives
linked to and to be settled by delivery of an equity instrument are
stated at cost when such equity instrument does not have a
quoted market price in an active market and for which other
methods of reasonably estimating fair value are clearly
inappropriate or unworkable. Recognized assets and liabilities
that are hedged are stated at fair value in respect of the risk that
is hedged.
The accounting policies set out below have been applied
consistently to all periods presented in the financial statements.
The consolidated financial statements are presented before the
effect of the profit appropriation of RHJI which will be proposed
to the shareholders at the Annual Shareholders’ Meeting.
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