Inventory Accounting Policy
Inventories in the Consumer, Professional & Devices, Networked Products & Services and Music segments as well as non-film inventories for the Pictures segment are valued at cost, not in excess of market, cost being determined on the “average cost” basis except for the cost of finished products carried by certain subsidiary companies which is determined on the “first-in, first-out” basis. The market value of inventory is determined as the net realizable value — i.e., estimated selling price in the ordinary course of business less predictable costs of completion and disposal. Sony does not consider a normal profit margin when calculating the net realizable value.
Source: Sony Corp., Annual Report
Inventory Disclosure
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Sony Corp., Statement of Financial Position, Inventory
USD $ in millions, translated from JPY ￥
Source: Based on data from Sony Corp. Annual Reports
| Item |
Description |
The company |
| Finished products |
Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. |
Sony Corp.'s finished products declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
|
| Work in process |
Carrying amount as of the balance sheet date of merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. |
Sony Corp.'s work in process declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
|
| Raw materials, purchased components and supplies |
Aggregated amount of unprocessed materials to be used in manufacturing or production process and supplies that will be consumed. |
Sony Corp.'s raw materials, purchased components and supplies declined from 2009 to 2010 and from 2010 to 2011.
|
| Inventories |
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). |
Sony Corp.'s inventories declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
|
