Oki 2000 Annual Report Download - page 14

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CONSOLIDATED STATEMENTS OF OPERATIONS
Thousands of
Millions of yen U.S. dollars (Note 2)
2000 1999 1998 2000
Common stock:
Balance at beginning of the year ........................................................................... ¥(67,849 ¥(67,849 ¥67,849 $(640,089
Increase due to conversion of convertible bonds ............................................. 12 —— 121
Balance at end of the year .................................................................................. ¥(67,862 ¥(67,849 ¥67,849 $(640,210
Additional paid-in capital:
Balance at beginning of the year ........................................................................... ¥(71,138 ¥(71,138 ¥71,138 $(671,114
Increase due to conversion of convertible bonds ............................................. 12 —— 121
Balance at end of the year .................................................................................. ¥(71,150 ¥(71,138 ¥71,138 $(671,235
Special reserves (Note 9):
Balance at beginning of the year ........................................................................... ¥(13,436 ¥(20,311 ¥23,191 $(126,756
Decrease due to recognition of deferred income taxes .................................... —(9,685) — —
Balance at end of the year, as adjusted ............................................................ 13,436 10,626 23,191 126,756
Transfer from retained earnings ............................................................................. 142 6,261 1,708 1,343
Transfer to retained earnings ................................................................................. (1,990) (3,451) (4,588) (18,782)
Balance at end of the year .................................................................................. ¥(11,587 ¥(13,436 ¥20,311 $(109,316
Retained earnings (accumulated deficit):
Balance at beginning of the year ........................................................................... ¥(11,142) ¥(37,817 ¥50,729 $(105,120)
Increase (decrease) at beginning of the year of initially consolidated
subsidiaries ....................................................................................................... (6) (499) 109 (58)
Decrease due to exclusion of an affiliate from the equity method.................... —(2,565) (3,378) —
Adjustment for the cumulative effect on prior years of retroactively
recognizing deferred income taxes .................................................................. —(3,111) — —
Increase due to recognition of deferred income taxes ...................................... —9,685 — —
Balance at beginning of the year, as adjusted .................................................. (11,149) 41,325 47,460 (105,179)
Net income (loss) ................................................................................................ 1,146 (47,421) (8,074) 10,814
Increase due to merger of a consolidated subsidiary with
unconsolidated subsidiaries............................................................................. 136 ——1,284
Cash dividends paid ........................................................................................... —(2,142) (4,285) —
Bonuses to directors and statutory auditors ..................................................... (18) (93) (164) (170)
Transfer to special reserves................................................................................ (142) (6,261) (1,708) (1,343)
Transfer from special reserves ........................................................................... 1,990 3,451 4,588 18,782
Balance at end of the year .................................................................................. ¥0(8,036) ¥(11,142) ¥37,817 $0(75,811)
The accompanying notes are an integral part of these statements.
Thousands of
Millions of yen U.S. dollars (Note 2)
2000 1999 1998 2000
Net sales ..................................................................................................................... ¥669,776 ¥673,170 ¥764,596 $6,318,647
Cost of sales ............................................................................................................... 513,402 551,619 587,332 4,843,418
Gross profit ............................................................................................................ 156,374 121,551 177,263 1,475,228
Selling, general and administrative expenses ........................................................... 142,570 159,848 166,083 1,345,000
Operating income (loss)....................................................................................... 13,804 (38,297) 11,180 130,227
Other income (expenses):
Interest expense ..................................................................................................... (12,291) (13,305) (14,494) (115,956)
Interest and dividend income ................................................................................. 2,625 2,733 2,723 24,769
Foreign exchange (loss) gain, net .......................................................................... (5,030) (1,311) (1,888) (47,459)
Other, net ................................................................................................................ 7,407 (18,354) 453 69,883
......................................................................................................................... (7,288) (30,238) (13,206) (68,762)
Income (loss) before income taxes, minority interests and equity in earnings
of affiliates ................................................................................................................ 6,515 (68,535) (2,026) 61,465
Income taxes (benefit) (Note 8):
Current .................................................................................................................... 2,429 2,434 6,187 22,920
Deferred .................................................................................................................. 2,626 (23,853) — 24,780
......................................................................................................................... 5,056 (21,418) 6,187 47,701
Income (loss) before minority interests and equity in earnings of affiliates.............. 1,458 (47,116) (8,213) 13,763
Minority interests in earnings of consolidated subsidiaries ...................................... (257) (221) (230) (2,428)
Equity in (losses) earnings of affiliates....................................................................... (55) (83) 369 (521)
Net income (loss) (Note 16) .............................................................................. ¥001,146 ¥ (47,421) ¥0 (8,074) $0,010,814
The accompanying notes are an integral part of these statements.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Oki Electric Industry Company, Limited and consolidated subsidiaries
Years ended March 31, 2000, 1999 and 1998
Oki Electric Industry Company, Limited and consolidated subsidiaries
Years ended March 31, 2000, 1999 and 1998