Olympus 2014 Annual Report Download - page 37

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Millions of yen
Thousands of
U.S. dollars (Note 1)
2013 2014 2014
Income before minority interests ¥ 8,242 ¥13,627 $132,300
Other comprehensive income (Note 29)
Net unrealized holding gains on available-for-sale securities, net of taxes 3,165 5,541 53,796
Net unrealized gains (losses) on hedging derivatives, net of taxes 1,288 (21) (204)
Foreign currency translation adjustments 44,145 44,622 433,223
Pension liability adjustments of foreign subsidiaries (3,311) 1,150 11,165
Share of other comprehensive income of affi liates 5 77 748
Total other comprehensive income 45,292 51,369 498,728
Comprehensive income ¥53,534 ¥64,996 $631,028
Total comprehensive income attributable to:
Shareholders of Olympus Corporation ¥53,201 ¥64,915 $630,243
Minority interests ¥ 333 ¥ 81 $ 785
See accompanying notes to consolidated fi nancial statements.
Millions of yen
Thousands of
U.S. dollars (Note 1)
2013 2014 2014
Net sales ¥743,851 ¥713,286 $6,925,107
Cost of sales (Note 7) 365,653 272,830 2,648,835
Gross profi t 378,198 440,456 4,276,272
Selling, general and administrative expenses (Note 18) 343,121 367,011 3,563,214
Operating income 35,077 73,445 713,058
Other income (expenses):
Interest expense, net (12,940) (10,496) (101,903)
Gain on available-for-sale securities, net 999 1,331 12,922
Foreign currency exchange loss, net (1,954) (2,022) (19,631)
Equity in earnings (losses) of affi liates, net 22 (1,457) (14,146)
Reversal of provision for loss on restructuring of business 1,348 ——
Gain on sales of non-current assets 1,316 102 990
Gain on sales of investment securities in subsidiaries and affi liates, net 20,027 287 2,786
Commission fee for contract modifi cation (Note 1) (3,392) ——
Bank loans related expenses in conjunction with repayment made prior to due date — (1,528) (14,835)
Impairment loss on fi xed assets (Note 19) (7,600) (4,871) (47,291)
Loss on restructuring of businesses (Note 20) (2,947) ——
Loss on liquidation of business (Note 23) — (11,591) (112,534)
Penalty charges (Note 36) — (700) (6,796)
Provision for loss on litigation (Note 24) — (11,000) (106,796)
Extra severance payments for voluntary retirement (Note 21) (1,336) ——
Soil improvement cost (187) (808) (7,845)
Settlement charge (Note 22) (1,231) (6,256) (60,738)
Other, net (8,060) (8,011) (77,776)
Total (15,935) (57,020) (553,593)
Income before income taxes and minority interests 19,142 16,425 159,465
Income taxes (Note 14):
Current 15,838 19,740 191,650
For prior periods (Note 25) — (230) (2,233)
Deferred (4,938) (16,712) (162,252)
Total 10,900 2,798 27,165
Income before minority interests 8,242 13,627 132,300
Minority interests (222) 0 0
Net income ¥ 8,020 ¥ 13,627 $ 132,300
See accompanying notes to consolidated fi nancial statements.
Consolidated Statements of Operations
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2013 and 2014
Consolidated Statements of Comprehensive Income
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2013 and 2014
71
OLYMPUS Annual Report 2014
70 OLYMPUS Annual Report 2014