Assets: Other significant items: None.  Accrued directors’ severance and retirement benefits. Previously, severance and retirement benefits for directors were recorded as expense when paid. However, for the purpose of more accurately matching them with the period in which they arise, an accrual method of recording such expenses has been employed beginning from the current year. The impact of such change on statements of income has not been significant. None. Annual Report 2003 53 Millions Millions Millions Thousands of of yen of yen of yen U.S. dollars 2003 2002 2001 2003 Total assets: Automobiles ¥1,140,525 ¥1,053,708 ¥ 956,131 $ 9,488,560 Industrial products 55,793 62,126 57,372 464,168 Aerospace 101,130 110,156 106,955 841,348 Other 75,360 70,233 74,851 626,955 Total 1,372,808 1,296,223 1,195,309 11,421,031 Corporate and elimination (28,736) (26,665) (26,808) (239,068) Consolidated total ¥1,344,072 ¥1,269,558 ¥1,168,501 $11,181,963 Millions Millions Millions Thousands of of yen of yen of yen U.S. dollars 2003 2002 2001 2003 Depreciation expense: Automobiles ¥ 61,743 ¥ 57,724 ¥ 57,225 $513,669 Industrial products 2,133 2,055 1,943 17,746 Aerospace 1,772 2,084 2,392 14,742 Other 2,248 2,101 2,510 18,702 Total 67,896 63,964 64,070 564,859 Corporate and elimination — — — — Consolidated total ¥ 67,896 ¥ 63,964 ¥ 64,070 $564,859 Capital expenditures for segment assets: Automobiles ¥111,584 ¥109,054 ¥ 95,255 $928,320 Industrial products 3,551 3,223 2,155 29,542 Aerospace 1,284 988 1,535 10,682 Other 3,004 5,111 3,356 24,992 Total 119,423 118,376 102,301 993,536 Corporate and elimination — — — — Consolidated total ¥119,423 ¥118,376 ¥102,301 $993,536 Business segment Main products Automobiles Passenger cars, minicars Industrial products General-purpose engines, power generators Aerospace Aircraft, parts of space-related devices Other  Rail cars, specialized vehicles, buses, houses, real estate (Fiscal 2003) (Fiscal 2002) (Fiscal 2001 6. As stated in “3. Acquisition of Isuzu’s Share of Subaru of Indiana Automotive, Inc.,” the Company acquired Isuzu’s share of SIA and started to consolidate Consignment Division of SIA which had been formerly excluded from the consolidated financial statements of the Company. As a result, assets have increased by ¥61,155 million (US$508,777 thousand) in the automobile segment. 5. Change of accounting policy 4. All figures in corporate and elimination represent elimination. 3. All operating costs and expense are allocated to each business segment. 2. Main products by each business segment Notes: 1. Definition of business segments Business segments are defined based on product line and market.