Casio 2007 Annual Report Download - page 28

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26 CASIO COMPUTER CO., LTD.
Consolidated Statements of Income
Years ended March 31, 2007 and 2006 Casio Computer Co., Ltd. and Subsidiaries
Thousands of
Millions of Yen U.S. Dollars (Note 1)
2007 2006 2007
Net sales (Note 13).............................................................................................................. ¥620,769 ¥580,309 $5,260,754
Costs and expenses (Note 13):
Cost of sales ...................................................................................................................436,548 407,940 3,699,559
Selling, general and administrative expenses ................................................................... 118,128 111,050 1,001,085
Research and development expenses .............................................................................. 18,019 18,205 152,703
572,695 537,195 4,853,347
Operating income (Note 13) .............................................................................................. 48,074 43,114 407,407
Other income (expenses):
Interest and dividends income......................................................................................... 2,713 1,858 22,991
Interest expense.............................................................................................................. (1,607) (1,300) (13,619)
Foreign exchange loss—net ............................................................................................ (4,999) (1,216) (42,364)
Disposal and devaluation of inventories........................................................................... (3,624) (3,946) (30,712)
Loss on disposal and sales of property, plant and equipment........................................... (751) (603) (6,364)
Gain on devaluation and sales of investment securities.................................................... 1,102 31 9,339
Gain on sales of consolidated subsidiaries and affiliates................................................... 231 1,928 1,958
Government grants......................................................................................................... 360 —3,051
Other—net ..................................................................................................................... (116) (195) (984)
(6,691) (3,443) (56,704)
Income before income taxes and minority interests....................................................... 41,383 39,671 350,703
Income taxes (Note 8):
Current........................................................................................................................... 16,407 13,902 139,042
Deferred ......................................................................................................................... (1,424) 261 (12,068)
14,983 14,163 126,974
Income before minority interests ..................................................................................... 26,400 25,508 223,729
Minority interests ................................................................................................................. (1,253) (1,763) (10,619)
Net income ................................................................................................................... ¥25,147 ¥23,745 $ 213,110
Yen U.S. Dollars (Note 1)
Amounts per share of common stock:
Net income ..................................................................................................................... ¥92.67 ¥88.57 $0.79
Diluted net income ......................................................................................................... 90.30 84.43 0.77
Cash dividends applicable to the year.............................................................................. 23.00 20.00 0.19
See accompanying notes.