Konica Minolta 2001 Annual Report Download - page 24

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Konica Corporation/ Annual Report 200 1
22
CONSOLIDATED STATEMENTS OF INCOME AND RETAINED EARNINGS
KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES
For the fiscal years ended March 3 1, 2 0 01 and 2 0 0 0
Thousands of
U.S. dollars
Millions of yen ( Note 3)
2 0 0 1 2 0 0 0 2 0 0 1
Net Sales ( Note 6 )
¥543,719 ¥ 5 6 0 ,9 0 0 $ 4 ,3 8 8 ,3 7 0
Cost of Sales ( Note 6 )
3 1 9 ,1 6 3 3 2 3 ,7 1 0 2,575,973
Gross profit
2 2 4 ,5 5 5 2 3 7 ,1 9 0 1,812,389
Selling, General and Administrative Expenses
1 9 4 ,0 1 2 2 0 4 ,0 5 8 1,565,876
Operating inc ome
3 0 ,5 4 3 3 3 ,1 3 1 2 4 6 ,5 1 3
Other Income ( Expenses) :
Interest and dividend income
1 ,1 9 8 1,722 9,669
Interest expenses
( 9 ,2 6 7 ) ( 1 0 ,4 5 4 ) ( 7 4 ,7 9 4 )
Foreign currency gains ( loss) , net
1 ,6 0 6 ( 4 ,7 3 9 ) 1 2 ,9 6 2
Equity in earnings ( loss) of unconsolidated subsidiaries and affiliates
( 2 4 8 ) 5 2 ( 2 ,0 0 2 )
Gains on sales of fixed assets
8 ,5 8 7 2 8 8 6 9 ,3 0 6
Write-down on investment securities
( 2 ,6 0 3 ) —( 2 1 ,0 0 9 )
Amortization of unrecognized obligation at transition ( Note 1 3 )
( 2 2 ,0 9 6 ) —( 1 7 8 ,3 3 7 )
Gains on securities contribution to retirement benefit trust ( Note 1 3 )
8 ,8 7 3 —7 1 ,6 1 4
Other, net
( 5 ,5 3 4 ) ( 4 ,7 9 3 ) ( 4 4 ,6 6 5 )
Total
( 1 9 ,4 8 3 ) ( 1 7 ,9 2 4 ) ( 1 5 7 ,2 4 8 )
Income before income taxes
1 1 ,0 5 9 1 5 ,2 0 6 8 9 ,2 5 7
Provision for Income Taxes ( Note 8) :
Current
4 ,5 9 3 4,774 3 7 ,0 7 0
Deferred
( 0 ) 2,808 ( 0 )
Total
4 ,5 9 3 7,582 3 7 ,0 7 0
Minority Interests in Earnings of Consolidated Subsidiaries
( 8 ) 3( 6 5 )
Net Income
6 ,4 5 7 7,627 5 2 ,1 1 5
Retained Earnings at Beginning of the Year:
4 5 ,9 3 2 4 1 ,8 8 0 3 7 0 ,7 1 8
Cumulative effect on prior years of change in accounting for inc ome taxes
———
Appropriations:
Cash dividends
( 3 ,5 7 6 ) ( 3 ,5 7 6 ) ( 2 8 ,8 6 2 )
Retained Earnings at End of the Year
¥ 4 8 ,8 1 3 ¥ 4 5 ,9 3 2 $ 3 9 3 ,9 7 1
U.S. dollars
Yen ( Note 3)
Per Share of Common Stock:
Net income
¥1 8 .1 ¥2 1 .3 $0 .1 5
Cash dividends
1 0 .0 1 0 .0 0 .0 8
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.