Casio 2005 Annual Report Download - page 24

22 CASIO COMPUTER CO., LTD.
Consolidated Statements of Income
March 31, 2005 and 2004 Casio Computer Co., Ltd. and Subsidiaries
Thousands of
Millions of Yen U.S. Dollars (Note 1)
2005 2004 2005
Net sales (Note 13).............................................................................................................. ¥559,006 ¥523,528 $5,224,355
Costs and expenses (Note 13):
Cost of sales ...................................................................................................................398,186 377,422 3,721,364
Selling, general and administrative expenses ................................................................... 105,164 104,428 982,841
Research and development expenses .............................................................................. 16,616 14,187 155,290
519,966 496,037 4,859,495
Operating income (Note 13) .............................................................................................. 39,040 27,491 364,860
Other income (expenses):
Interest and dividends income......................................................................................... 1,047 828 9,785
Interest expense.............................................................................................................. (1,494) (2,390) (13,963)
Foreign exchange loss—net ............................................................................................ (1,962) (2,491) (18,337)
Disposal and devaluation of inventories........................................................................... (3,370) (4,170) (31,495)
Loss on disposal and sales of property, plant and equipment........................................... (727) (1,661) (6,794)
Loss on impairment of fixed assets (Note 16)................................................................... (1,494) —(13,963)
Gain on devaluation and sales of investment securities.................................................... 127 979 1,187
Gain on sales of investment securities in a consolidated subsidiary .................................. 293 —2,739
Gain on change in interests in a consolidated subsidiary.................................................. 1,918 —17,925
Gain on the release from the substitutional portion of the
government’s Welfare Pension Insurance Scheme ........................................................ —2,753 —
Other—net ..................................................................................................................... (285) 1,197 (2,664)
(5,947) (4,955) (55,580)
Income before income taxes and minority interests....................................................... 33,093 22,536 309,280
Income taxes (Note 8):
Current........................................................................................................................... 12,436 5,818 116,224
Deferred ......................................................................................................................... (2,013) 2,013 (18,813)
10,423 7,831 97,411
Income before minority interests ..................................................................................... 22,670 14,705 211,869
Minority interests ................................................................................................................. (1,136) (529) (10,617)
Net income ................................................................................................................... ¥21,534 ¥14,176 $ 201,252
Yen U.S. Dollars (Note 1)
Amounts per share of common stock:
Net income ..................................................................................................................... ¥80.27 ¥51.99 $0.75
Diluted net income ......................................................................................................... 76.47 51.23 0.71
Cash dividends applicable to the year.............................................................................. 17.00 15.00 0.16
See accompanying notes.