NEC 2013 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2013 NEC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

Millions of Yen
Thousands of U.S.
Dollars (Note 1)
2011 2012 2013 2013
NET SALES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥3,115,424 ¥3,036,836 ¥3,071,609 $32,676,691
COST OF SALES (Notes 3 and 9) . . . . . . . . . . . . . . . . . . . . . . 2,199,973 2,128,920 2,142,243 22,789,819
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 915,451 907,916 929,366 9,886,872
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
(Notes 3, 9 and 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 857,631 834,174 814,719 8,667,223
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,820 73,742 114,647 1,219,649
NON-OPERATING INCOME:
Interest and dividends income . . . . . . . . . . . . . . . . . . . . . . . 5,445 6,108 5,247 55,819
Reversal of provision for contingent loss (Note 5) . . . . . . . . 1,668 1,188 2,971 31,606
Foreign exchange gain, net . . . . . . . . . . . . . . . . . . . . . . . . . — — 446 4,745
Equity in earnings of affiliated companies, net . . . . . . . . . . . — — 409 4,351
Other non-operating income (Note 5) . . . . . . . . . . . . . . . . . 9,840 11,320 6,504 69,192
Total non-operating income . . . . . . . . . . . . . . . . . . . . . . . 16,953 18,616 15,577 165,713
NON-OPERATING EXPENSES:
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,614 5,446 5,979 63,606
Retirement benefit expenses (Note 9) . . . . . . . . . . . . . . . . . 12,057 11,867 11,631 123,734
Equity in losses of affiliated companies, net . . . . . . . . . . . . 38,533 12,705 — —
Foreign exchange loss, net . . . . . . . . . . . . . . . . . . . . . . . . . 1,488 2,672 — —
Other non-operating expenses . . . . . . . . . . . . . . . . . . . . . . 16,040 17,618 20,590 219,043
Total non-operating expenses . . . . . . . . . . . . . . . . . . . . . 74,732 50,308 38,200 406,383
Ordinary income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 42,050 92,024 978,979
SPECIAL GAINS (Note 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,270 28,375 16,780 178,511
SPECIAL LOSSES (Note 16) . . . . . . . . . . . . . . . . . . . . . . . . . . 43,998 67,124 39,525 420,479
INCOME (LOSS) BEFORE INCOME TAXES
AND MINORITY INTERESTS . . . . . . . . . . . . . . . . . . . . . . . . . (15,687) 3,301 69,279 737,011
INCOME TAXES (Note 14):
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,788 23,911 30,724 326,851
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (36,584) 84,283 (198) (2,106)
Total income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8,796) 108,194 30,526 324,745
INCOME (LOSS) BEFORE MINORITY INTERESTS . . . . . . . . . (6,891) (104,893) 38,753 412,266
MINORITY INTERESTS IN NET INCOME OF SUBSIDIARIES . . 5,627 5,374 8,319 88,500
NET INCOME (LOSS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (12,518) ¥ (110,267) ¥ 30,434 $ 323,766
Yen U.S. Dollars (Note 1)
PER SHARE OF COMMON STOCK (Note 24):
Basic net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (4.82) ¥ (42.44) ¥ 11.71 $ 0.12
Diluted net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ——— —
Cash dividends applicable to the year . . . . . . . . . . . . . . . . . — — 4.00 0.04
See notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF OPERATIONS
NEC Corporation and Subsidiaries
Years Ended March 31, 2011, 2012 and 2013
53 NEC Corporation
Annual Report 2013