Konica Minolta 2000 Annual Report Download - page 24

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22 KONICA
Consolidated Statements of Income and Retained Earnings
KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES
For the fiscal years ended March 31, 2000 and 1999
Thousands of
Millions of yen U.S. dollars (Note 2)
2000 1999 2000
Net Sales (Note 5)............................................................................................................................ ¥560,900 ¥584,342 $5,284,032
Cost of Sales (Note 5)...................................................................................................................... 323,710 342,543 3,049,553
Gross profit ................................................................................................................................... 237,190 241,799 2,234,480
Selling, General and Administrative Expenses............................................................................ 204,058 227,224 1,922,355
Operating income ......................................................................................................................... 33,131 14,575 312,115
Other Income (Expenses):
Interest and dividend income........................................................................................................ 1,722 1,974 16,222
Interest expenses ......................................................................................................................... (10,454) (13,749) (98,483)
Foreign currency gains, net........................................................................................................... (4,739) —(44,644)
Restructuring costs....................................................................................................................... —(10,057) —
Equity in earnings of unconsolidated subsidiaries and affiliates ................................................... 52 —490
Other, net...................................................................................................................................... (4,505) (3,615) (42,440)
Total .............................................................................................................................. (17,924) (25,447) (168,855)
Income (loss) before provision for income taxes .......................................................................... 15,206 (10,872) 143,250
Provision for Income Taxes (Note 7):
Current .......................................................................................................................................... 4,774 2,794 44,974
Deferred........................................................................................................................................ 2,808 (10,269) 26,453
Total .............................................................................................................................. 7,582 (7,475) 71,427
Minority Interests in Earnings of Consolidated Subsidiaries ..................................................... 3228
Equity in Earnings of Unconsolidated Subsidiaries and Affiliates............................................. —229 —
Net Income (Loss) ........................................................................................................................... 7,627 (3,166) 71,851
Retained Earnings at Beginning of the Year ................................................................................ 41,880 50,284 394,536
Cumulative effect on prior years of change in accounting for income taxes ................................ —4,998 —
Appropriations:
Cash dividends.......................................................................................................................... (3,576) (3,576) (33,688)
Bonuses to directors and corporate auditors ............................................................................ —(50) —
Decrease in retained earnings resulting from restructuring...................................................... —(6,609) —
Total .............................................................................................................................. (3,576) (5,237) (33,688)
Retained Earnings at End of the Year ........................................................................................... ¥ 45,932 ¥ 41,881 $ 432,708
Yen U.S. dollars (Note 2)
Per Share of Common Stock:
Net income (loss) .......................................................................................................................... ¥ 21.3 ¥ (8.9) $ 0.20
Cash dividends applicable to earnings of the year ........................................................................ 10.0 10.0 0.09
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.