Brother International 2011 Annual Report Download - page 21

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Brother Industries, Ltd. and Consolidated Subsidiaries
Years ended March 31, 2011 and 2010
19
Brother Annual Report 2011
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2011 2010 2011
NET SALES ¥ 502,830 ¥ 446,269 $ 6,058,193
COST OF SALES (Note 14) 286,796 247,185 3,455,373
Gross pro t 216,034 199,084 2,602,820
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Note 14) 179,942 172,447 2,167,976
Operating income 36,092 26,637 434,844
OTHER INCOME (EXPENSES):
Interest and dividend income 1,332 1,122 16,048
Interest expense (854) (791) (10,289)
Sales discount (2,005) (2,281) (24,157)
(Loss) gain on sales and disposals of property, plant and equipment, net (661) 654 (7,964)
Foreign exchange gain 4,139 3,981 49,867
Loss on impairment of long-lived assets (Notes 2(10) and 6) (1,473) (315) (17,747)
Reversal of allowance for doubtful accounts 88
Loss on transfer to defined contribution pension plan (Note 2(14) ) (2,985)
Other, net (2,508) 124 (30,216)
Other expenses net (2,030) (403) (24,458)
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS 34,062 26,234 410,386
INCOME TAXES (Note 13):
Current 13,087 7,463 157,675
Deferred (4,689) (785) (56,494)
Total income taxes 8,398 6,678 101,181
NET INCOME BEFORE MINORITY INTERESTS 25,664 0309,205
MINORITY INTERESTS IN NET INCOME (574) (73) (6,915)
NET INCOME ¥ 26,238 ¥ 19,629 $ 316,120
PER SHARE OF COMMON STOCK (Note 20): Yen U.S. Dollars
Basic net income ¥ 98.03 ¥ 73.34 $ 1.18
Diluted net income 97.91 73.28 1.18
Cash dividends applicable to the year 24.00 18.00 0.29
See notes to consolidated financial statements.
Consolidated Statements of Income