Brother International 2014 Annual Report Download - page 23

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22
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2014 2013 2014
NET SALES ¥ 616,835 ¥ 516,067 $ 5,988,689
COST OF SALES (Note 14) 349,015 300,007 3,388,495
Gross profit 267,820 216,060 2,600,194
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Note 14) 224,519 186,284 2,179,796
Operating income 43,301 29,776 420,398
OTHER INCOME (EXPENSES):
Interest and dividend income 1,516 1,452 14,718
Interest expense (277) (451) (2,689)
Sales discount (2,628) (2,086) (25,515)
Loss on sales and disposals of property, plant and equipment, net (459) (170) (4,456)
Foreign exchange loss (11,612) (1,614) (112,738)
Loss on impairment of long-lived assets (Notes 2 (10) and 6) (2,122) (269) (20,602)
Gain (loss) on valuation of derivatives 4,461 (4,625) 43,311
Gain on sales of investment securities (Note 4) 468 1,724 4,544
Gain on negative goodwill (Note 21) —7,194 —
Loss on step acquisitions —(3,843) —
Other - net 879 858 8,534
Other expenses, net (9,774) (1,830) (94,893)
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS 33,527 27,946 325,505
INCOME TAXES (Note 13):
Current 9,562 8,763 92,835
Deferred 4,089 1,326 39,699
Total income taxes 13,651 10,089 132,534
NET INCOME BEFORE MINORITY INTERESTS 19,876 17,857 192,971
MINORITY INTERESTS IN NET INCOME 655 31 6,359
NET INCOME ¥ 19,221 ¥ 17,826 $ 186,612
PER SHARE OF COMMON STOCK (Note 19): Yen U.S. Dollars
Basic net income ¥ 72.20 ¥ 66.65 $ 0.70
Diluted net income 72.06 66.54 0.70
Cash dividends applicable to the year 24.00 24.00 0.23
See notes to consolidated financial statements.
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2014
onsolidated Statement of Income
C