Brother International 2009 Annual Report Download - page 18

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CONSOLIDATED STATEMENTS OF INCOME
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2009 2008 2009
NET SALES ¥ 482,205 ¥ 566,379 $ 4,920,459
COST OF SALES (Note 11) 280,224 326,374 2,859,429
Gross profit 201,981 240,005 2,061,030
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Note 11) 182,080 186,502 1,857,959
Operating income 19,901 53,503 203,071
OTHER INCOME (EXPENSES):
Interest and dividend income 2,357 3,148 24,051
Interest expense (868) (727) (8,857)
Sales discount (2,590) (3,145) (26,429)
Gain (Loss) on sales and disposals of property, plant and equipment, net 2,356 (199) 24,041
Write-down of investment securities (2,971) (149) (30,316)
Foreign exchange gain (loss) 7,981 (5,947) 81,439
Loss on impairment of long-lived assets (Notes 2(8) and 5) (2,535) (28) (25,867)
Reversal of bad debt allowance 530 125 5,408
Retirement benefit cost — (192) —
Other, net (548) (107) (5,592)
Other income (expenses), net 3,712 (7,221) 37,878
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS 23,613 46,282 240,949
INCOME TAXES (Note 10):
Current 6,382 13,239 65,122
Deferred 2,519 5,957 25,704
Total income taxes 8,901 19,196 90,826
MINORITY INTERESTS IN NET INCOME (550) (24) (5,612)
NET INCOME ¥ 15,262 ¥ 27,110 $ 155,735
PER SHARE OF COMMON STOCK (Note 14): Yen U.S. Dollars
Basic net income ¥ 56.79 ¥ 98.46 $ 0.579
Diluted net income 56.76 98.44 0.579
Cash dividends applicable to the year 26.00 22.00 0.265
See notes to consolidated financial statements.
Brother Industries, Ltd. and Consolidated Subsidiaries
Years ended March 31, 2009 and 2008
16 Brother Annual Report 2009