Konica Minolta 2006 Annual Report Download - page 40

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38
Thousands of
U.S. dollars
Millions of yen (Note 3)
March 31 March 31
2006 2005 2006
Net Sales ¥1,068,390 ¥1,067,447 $9,095,003
Cost of Sales (Note 8) 575,163 597,800 4,896,254
Gross profit 493,227 469,647 4,198,749
Selling, General and Administrative Expenses (Note 8) 409,811 402,069 3,488,644
Operating income 83,415 67,577 710,096
Other Income (Expenses):
Interest and dividend income 1,756 1,353 14,948
Interest expenses (5,427) (5,549) (46,199)
Foreign exchange gains, net 5,413 684 46,080
Equity in earnings (losses) under the equity method (2,507) 108 (21,342)
Loss on sales and disposals of property, plant and equipment, net (2,434) (4,010) (20,720)
Management integration rationalization expenses* —(4,020) —
Write-down of investment securities (8) (325) (68)
Amortization of unrecognized transition benefit obligations (Note 14) —(521) —
Loss on disposal of inventories (7,540) (8,698) (64,187)
Restructuring expenses* —(4,851) —
Provision for doubtful accounts —(1,627) —
Amortization of consolidation goodwill (2,361) (5,397) (20,099)
Gain on sales of investment securities, net 1,107 2,455 9,424
Gain on sales of investment in affiliated companies, net 549 —4,674
Loss on impairment of fixed assets (Note 11) (4,143) —(35,269)
Loss on discontinued operations (Note 12) (96,625) —(822,550)
Provision for special outplacement program (6,484) —(55,197)
Other, net (645) (1,746) (5,491)
Total (119,350) (32,147) (1,016,004)
Income (loss) before income taxes and minority interest (35,934) 35,430 (305,899)
Income Taxes (Note 7):
Current 24,650 27,947 209,841
Deferred (7,116) (594) (60,577)
Total 17,533 27,352 149,255
Income before minority interest (53,468) 8,077 (455,163)
Minority Interest in Subsidiaries (837) (553) (7,125)
Net Income (loss) ¥(54,305) ¥ 7,524 $(462,288)
U.S. dollars
Millions of yen (Note 3)
2006 2005 2006
Per Share (Notes 9, 17):
Net income (loss)—Basic ¥(102.2) ¥14.1 $(0.87)
Cash dividends —10.0 —
*Management integration rationalization expenses of ¥3,096 million (US$ 28,829 thousand) for the year ended March 31,2005 mainly represent restructuring
expenses for employees of European subsidiaries.
*Restructuring expenses
Expenses for structual reform of ¥3,628 million (US$ 33,783 thousand) related to the Photo Imaging business and accelerated depreciation charges of ¥1,223
million (US$ 11,388 thousand) for the digital camera business.
The accompanying Notes to the Consolidated Financial Statements are an integral part of these financial statements.
CONSOLIDATED STATEMENTS OF INCOME
Konica Minolta Holdings, Inc. and Consolidated Subsidiaries
For the fiscal years ended March 31, 2006 and 2005