Brother International 2013 Annual Report Download - page 23

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22
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2013 2012 2013
NET SALES ¥ 516,067 ¥ 497,390 $ 5,490,074
COST OF SALES (Note 15) 300,007 280,689 3,191,563
Gross profit 216,060 216,701 2,298,511
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Note 15) 186,284 182,518 1,981,745
Operating income 29,776 34,183 316,766
OTHER INCOME (EXPENSES):
Interest and dividend income 1,452 1,175 15,447
Interest expense (451) (615) (4,798)
Sales discount (2,086) (2,060) (22,191)
Loss on sales and disposals of property, plant and equipment, net (170) (546) (1,809)
Foreign exchange (loss) gain (1,614) 828 (17,170)
Loss on impairment of long-lived assets (Notes 2(10) and 7) (269) (609) (2,862)
(Loss) gain on valuation of derivatives (4,625) 137 (49,202)
Gain on sales of investment securities 1,724 24 18,340
Gain on negative goodwill (Note 4) 7,194 — 76,532
Loss on step acquisitions (3,843) — (40,883)
Other - net 858 1,591 9,128
Other expenses, net (1,830) (75) (19,468)
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS 27,946 34,108 297,298
INCOME TAXES (Note 14):
Current 8,763 8,858 93,224
Deferred 1,326 5,725 14,106
Total income taxes 10,089 14,583 107,330
NET INCOME BEFORE MINORITY INTERESTS 17,857 19,525 189,968
MINORITY INTERESTS IN NET INCOME 31 0 330
NET INCOME ¥ 17,826 ¥ 19,525 $ 189,638
PER SHARE OF COMMON STOCK (Note 21): Yen U.S. Dollars
Basic net income ¥ 66.65 ¥ 72.95 $ 0.71
Diluted net income 66.54 72.85 0.71
Cash dividends applicable to the year 24.00 24.00 0.26
See notes to consolidated financial statements.
Consolidated Statement of Income
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2013