Brother International 2010 Annual Report Download - page 18

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Consolidated Statements of Income
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2010 2009 2010
NET SALES ¥ 446,269 ¥ 482,205 $ 4,798,591
COST OF SALES (Note 12) 247,185 280,224 2,657,903
Gross profit 199,084 201,981 2,140,688
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Note 12) 172,447 182,080 1,854,269
Operating income 26,637 19,901 286,419
OTHER INCOME (EXPENSES):
Interest and dividend income 1,122 2,357 12,065
Interest expense (791) (868) (8,505)
Sales discount (2,281) (2,590) (24,527)
Gain on sales and disposals of property, plant and equipment, net 654 2,356 7,032
Write-down of investment securities (2,971)
Foreign exchange gain 3,981 7,981 42,806
Loss on impairment of long-lived assets (Notes 2(8) and 5) (315) (2,535) (3,387)
Reversal of bad debt allowance 88 530 946
Loss on transfer to defined contribution pension plan (Note 2(15) ) (2,985) (32,097)
Other, net 124 (548) 1,334
Other (expenses) income, net (403) 3,712 (4,333)
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS 26,234 23,613 282,086
INCOME TAXES (Note 11):
Current 7,463 6,382 80,247
Deferred (785) 2,519 (8,441)
Total income taxes 6,678 8,901 71,806
MINORITY INTERESTS IN NET INCOME (73) (550) (785)
NET INCOME ¥ 19,629 ¥ 15,262 $ 211,065
PER SHARE OF COMMON STOCK (Note 16): Yen U.S. Dollars
Basic net income ¥ 73.34 ¥ 56.79 $ 0.789
Diluted net income 73.28 56.76 0.788
Cash dividends applicable to the year 18.00 26.00 0.194
See notes to consolidated financial statements.
Brother Industries, Ltd. and Consolidated Subsidiaries
Years ended March 31, 2010 and 2009
16 Brother Annual Report 2010