Bridgestone 2004 Annual Report Download - page 48

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46
Bridgestone Annual Report 2004
NOTE 10—NET INCOME PER SHARE
Reconciliation of the differences between basic and diluted net income per share (“EPS”) for the years ended December 31, 2004, 2003
and 2002 is as follows:
Millions of yen Thousands of shares Yen U.S. dollars
Net income Weighted average shares EPS
For the year ended December 31, 2004:
Basic EPS
Net income available to common shareholders ¥113,757 818,634 ¥138.96 $1.33
Effect of dilutive securities
Stock options 108
Diluted EPS
Net income for computation ¥113,757 818,742 ¥138.94 $1.33
For the year ended December 31, 2003:
Basic EPS
Net income available to common shareholders ¥ 88,052 856,951 ¥102.75
Effect of dilutive securities
Stock options 26
Convertible bonds 14 1,705
Diluted EPS
Net income for computation ¥ 88,066 858,682 ¥102.56
For the year ended December 31, 2002:
Basic EPS
Net income available to common shareholders ¥ 44,731 860,693 ¥ 51.97
Effect of dilutive securities
Stock options 41
Convertible bonds 28 1,869
Diluted EPS
Net income for computation ¥ 44,759 862,603 ¥ 51.89
NOTE 11—RESEARCH AND DEVELOPMENT COSTS
Research and development costs are charged to income as incurred.
Research and development costs are ¥72,898 million ($699,530 thousand), ¥70,967 million and ¥68,161 million for the years ended
December 31, 2004, 2003 and 2002, respectively.
NOTE 12—OTHER INCOME (EXPENSES)
Loss on fire incident and insurance claims received
The Company suffered a loss in connection with the fire in the rubber mixing process at the Company’s Tochigi Plant on September 8,
2003. The amount recorded consists of disposal of fixed assets, disposal of product inventory and other costs including removal
expenses, amounting to ¥1,318 million, ¥777 million and ¥1,738 million, respectively. During the year ended December 31, 2003, the
Company recorded an insurance claims received with respect to the fire of ¥4,340 million.
Gains on sales of property, plant and equipment
Gains on sales of property, plant and equipment for the year ended December 31, 2004 mainly consist of gains on sales of land.
Impairment losses on assets
During the year ended December 31, 2003, certain subsidiaries in the Americas recognized an impairment loss for property, plant and
equipment related primarily to polymer operations in the Americas.