Konica Minolta 2003 Annual Report Download - page 32

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KONICA M INOLTA HOLDINGS, INC. 2 0 0 3
Pag e 30
Consolidated Statem ents of Incom e
Konica Corporation and Consolidated Subsidiaries
For the fiscal years ended March 31, 2003 and 2002
Thousands of
U.S. dollars
Millions of yen (Note 3)
2003 2002 2003
Net Sales ¥559,041 ¥539,571 $4,650,924
Cost of Sales 321,381 309,633 2,673,719
Gross profit 237,660 229,937 1,977,205
Selling, General and Administrative Expenses 194,804 200,328 1,620,672
Operating income 42,855 29,609 356,533
Other Income (Expenses):
Interest and dividend income 1,051 720 8,745
Interest expenses (4,484) (6,668) (37,305)
Foreign exchange gains (losses), net (2,397) 2,876 (19,945)
Equity in earnings of unconsolidated subsidiaries and affiliates, net 310 (1,020) 2,586
Gains on sales of fixed assets 181 410 1,507
Net gain resulting from the change of pension scheme (Note 12) 4,544 —37,808
Provision of reserve for reorganization/liquidation expenses (5,637) —(46,897)
Write-down on investment securities (2,167) (1,688) (18,036)
Amortization of unrecognized obligation at transition (Note 12) (1,325) (1,647) (11,029)
Other, net (8,202) (7,597) (68,241)
Total (18,126) (14,615) (150,805)
Income before income taxes 24,728 14,994 205,728
Income Taxes (Note 7):
Current 14,375 8,441 119,598
Deferred (6,195) (4,576) (51,543)
Total 8,180 3,865 68,055
Minority Interests in Earnings of Consolidated Subsidiaries (172) (69) (1,436)
Net Income ¥ 16,375 ¥ 11,059 $ 136,237
U.S. dollars
Yen (Note 3)
Per Share of Common Stock:
Net income ¥ 45.7 ¥ 30.9 $ 0.38
Cash dividends 10.0 10.0 0.08
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.