Alpine 2011 Annual Report Download - page 18

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See accompanying notes
18
Years ended March 31, 2011, 2010 and 2009
ALPINE ELECTRONICS, INC.
Consolidated Statements of Operations and Comprehensive Income
Millions of Yen
Thousands of U.S.
Dollars(Note 1)
2011 2010 2009 2011
Net sales (Note 13) ¥201,257 ¥168,586 ¥196,667 $2,420,409
Costs and expenses (Note 13):
Cost of sales 158,801 140,149 171,519 1,909,814
Selling,general and administrative expenses 31,301 28,210 35,793 376,440
190,102 168,359 207,312 2,286,254
Operating income(loss) (Note 13) 11,155 227 (10,645) 134,155
Other income (expenses):
Interest and dividends income 494 444 752 5,941
Interest expenses (198) (150) (122) (2,381)
Foreign exchange gains (losses) (1,253) (628) 3,528 (15,069)
Equity in earnings of affiliates 950 1,358 1,143 11,425
Loss on sales and retirement of noncurrent assets (102) (344) (343) (1,227)
Gain on sales of investment securities – – 118 –
Loss on valuation of investment securities (3) (233) (52) (36)
Gain on sales of subsidiaries and affiliates' stock 4 – – 48
Prior compensation expense for products (51) (434) – (613)
Provision for product warranties
(103) – – (1,239)
Gain on settlement and/or valuation of option 102 128 2,578 1,227
Loss on valuation of inventories – – (1,091) –
Gain on exchanges of land use rights – 224 – –
Loss on valuation of noncurrent assets – – (493) –
Loss on abolishment of retirement benefit plan (513) – – (6,170)
Loss on disaster (Note 12) (1,555) – – (18,701)
Other (417) (580) 592 (5,015)
(2,645) (215) 6,610 (31,810)
Income(loss) before income taxes and minority interests 8,510 12 (4,035) 102,345
Income taxes (Note 9):
Current 2,501 1,226 30 30,078
Deferred (85) 66 5,103 (1,022)
2,416 1,292 5,133 29,056
Income(loss) before minority interests 6,094 (1,280) (9,168) 73,289
Minority interests in loss (income) (64) 30 (123) (769)
Net income(loss) 6,030 (1,250) (9,291) 72,520
Minority interests in income 64 – – 769
Income before minority interests 6,094 – – 73,289
Other comprehensive income
Valuation difference on available-for-sale securities (380) – – (4,570)
Foreign currency translation adjustment (2,857) – – (34,360)
Share of other comprehensive income of associates accounted for using equity method
(474) – – (5,700)
(3,711) – – (44,630)
Comprehensive income ¥ 2,383 ¥ – ¥ – $ 28,659
Comprehensive income attributable to
Comprehensive income attributable to owners of the parent 2,378 – – 28,599
Comprehensive income attributable to minority interests 5 – – 60
Yen U.S.Dollars(Note 1)
2011 2010 2009 2011
Amounts per share of common stock:
Net income(loss) ¥86.43 ¥(17.92) ¥(133.17) $1.04
Diluted net income –– – –
Dividends from surplus applicable to the year 20.00 0.00 10.00 0.24