Oki 2002 Annual Report Download - page 22

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Oki Electric Industry Co., Ltd. Annual Report 200220
Thousands of
Millions of yen U.S. dollars (Note 2)
.................................................................................................................................... 2002 2001 2000 2002
Common stock:
Balance at beginning of the year .......................................................................... ¥(67,862 ¥67,862 ¥(67,849 $(510,243
Increase due to conversion of convertible bonds .............................................. —— 12 —
Balance at end of the year .................................................................................. ¥(67,862 ¥67,862 ¥(67,862 $(510,243
Additional paid-in capital:
Balance at beginning of the year .......................................................................... ¥(71,150 ¥71,150 ¥(71,138 $(534,969
Increase due to conversion of convertible bonds .............................................. —— 12 —
Balance at end of the year .................................................................................. ¥(71,150 ¥71,150 ¥(71,150 $(534,969
Special reserves:
Balance at beginning of the year .......................................................................... ¥(11,007 ¥11,577 ¥(13,436 $(082,766
Transfer from retained earnings ........................................................................ 1,401 1,024 142 10,535
Transfer to retained earnings............................................................................. (2,044) (1,593) (2,001) (15,371)
Balance at end of the year .................................................................................. ¥(10,364 ¥11,007 ¥(11,577 $(077,930
(Accumulated deficit) retained earnings:
Balance at beginning of the year .......................................................................... ¥((1,223 ¥(8,025) ¥(11,142) $(009,202)
(Decrease) increase at beginning of the year of initially consolidated
subsidiaries ...................................................................................................... (274) (351) (6) (2,060)
Increase due to exclusion of subsidiaries from consolidation .......................... 0—— 0
Balance at beginning of the year, as adjusted ....................................................... 949 (8,377) (11,149) 7,142
Net (loss) income .............................................................................................. (34,077) 8,944 1,146 (256,222)
Increase due to merger of a consolidated subsidiary
with unconsolidated subsidiaries .................................................................... —87 136 —
Cash dividends paid .......................................................................................... (3,061) ——(23,015)
Bonuses to directors and statutory auditors ...................................................... ——(18) —
Transfer to special reserves ............................................................................... (1,401) (1,024) (142) (10,535)
Transfer from special reserves .......................................................................... 2,044 1,593 2,001 15,371
Balance at end of the year .................................................................................. ¥(35,545) ¥01,223 ¥0(8,025) $(267,260)
The accompanying notes are an integral part of these statements.
Thousands of
Millions of yen U.S. dollars (Note 2)
.................................................................................................................................... 2002 2001 2000 2002
Net sales .................................................................................................................... ¥604,572 ¥740,250 ¥669,776 $4,545,656
Cost of sales .............................................................................................................. 490,257 563,368 513,402 3,686,146
Gross profit .......................................................................................................... 114,314 176,882 156,374 859,510
Selling, general and administrative expenses ........................................................... 141,562 148,567 142,570 1,064,378
Operating (loss) income ...................................................................................... (27,247) 28,314 13,804 (204,868)
Other income (expenses):
Interest expense .................................................................................................... (8,102) (10,426) (12,291) (60,920)
Interest and dividend income ................................................................................ 1,259 2,812 2,625 9,472
Foreign exchange gain (loss), net ......................................................................... 2,205 1,881 (5,030) 16,581
Write-downs of investments in subsidiaries and other investments
in securities ......................................................................................................... (18,148) (3,041) —(136,452)
Other, net .............................................................................................................. (6,857) (1,233) 7,407 (51,563)
....................................................................................................................... (29,643) (10,008) (7,288) (222,882)
(Loss) income before income taxes, minority interests and equity in earnings
(losses) of affiliates................................................................................................. (56,890) 18,306 6,515 (427,750)
Income taxes (benefit) (Note 8):
Current .................................................................................................................. 1,965 3,466 2,429 14,778
Deferred ................................................................................................................ (25,179) 6,762 2,626 (189,320)
....................................................................................................................... (23,214) 10,228 5,056 (174,542)
(Loss) income before minority interests and equity in earnings (losses) of affiliates ..... (33,676) 8,077 1,458 (253,208)
Minority interests in losses (earnings) of consolidated subsidiaries ........................ (218) 681 (257) (1,643)
Equity in (losses) earnings of affiliates .................................................................... (182) 185 (55) (1,370)
Net (loss) income (Note 15) ................................................................................. ¥(34,077) ¥008,944 ¥001,146 $ (256,222)
The accompanying notes are an integral part of these statements.
Oki Electric Industry Co., Ltd., and consolidated subsidiaries
Years ended March 31, 2002, 2001 and 2000
CONSOLIDATED STATEMENTS OF OPERATIONS Oki Electric Industry Co., Ltd., and consolidated subsidiaries
Years ended March 31, 2002, 2001 and 2000
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY