Nikon 2002 Annual Report Download - page 20

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18
Consolidated Statements of Operations
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
2002 2001 2002
Net sales (Note 3) ¥482,975 ¥483,957 $3,624,582
Cost of sales (Note 3) 306,793 301,759 2,302,387
Gross profit 176,182 182,198 1,322,195
Selling, general and administrative expenses (Notes 3 and 9) 153,943 120,775 1,155,295
Operating income 22,239 61,423 166,900
Other income (expenses)
Interest and dividend income 1,149 1,413 8,625
Interest expense (3,659) (4,331) (27,456)
Write-down of inventories (7,112) (2,647) (53,371)
Loss on disposals of inventories (2,185) (10,506) (16,399)
Loss on sales of investment securities (3,358) (1,668) (25,201)
Loss on disposals of property, plant and equipment (1,161) (1,124) (8,713)
Gain on sales of property, plant and equipment 3,180 4,575 23,868
Gain on sales of investment securities 1,800 13,506
Gain on securities contributed to employees’ retirement benefit trusts (Note 2 (f)) 1,724
Charge for transitional obligations for employees’ retirement benefits (Note 2 (f)) (9,755) (16,459) (73,206)
Equity in earnings of unconsolidated subsidiaries
and associated companies 549 39 4,118
Other-net 1,068 (2,612) 8,007
Other income (expenses)-net (19,484) (31,596) (146,222)
Income before income taxes and minority interest 2,755 29,827 20,678
Income taxes (Note 10)
Current 3,454 26,978 25,920
Deferred 5,304 (18,077) 39,807
Total income taxes 8,758 8,901 65,727
Minority interest 115 7
Net income (loss) ¥(6,004) ¥20,911 $(45,056)
U.S. Dollars
Yen(Note 1)
Per share of common stock (Note 2 (o)):
Net income (loss) ¥(16.23) ¥56.53 $(0.12)
Cash dividends applicable to the year 4.00 8.00 0.03
See Notes to Consolidated Financial Statements.
Nikon Corporation and Consolidated Subsidiaries
Years ended March 31, 2002 and 2001