Olympus 2015 Annual Report Download - page 41

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Millions of yen
Thousands of
U.S. dollars (Note 1)
2014 2015 2015
Income (loss) before minority interests ¥13,627 ¥ (8,871) $ (73,925)
Other comprehensive income (Note 28):
Net unrealized holding gains on available-for-sale securities, net of taxes 5,541 12,928 107,733
Net unrealized losses on hedging derivatives, net of taxes (21) (7) (58)
Foreign currency translation adjustments 44,622 28,759 239,658
Pension liability adjustments of foreign subsidiaries 1,150 — —
Retirement benefits liability adjustments — (7,013) (58,442)
Share of other comprehensive income of affiliates accounted for by the equity method 77 4 34
Total other comprehensive income 51,369 34,671 288,925
Comprehensive income ¥64,996 ¥25,800 $215,000
Total comprehensive income attributable to:
Shareholders of Olympus Corporation ¥64,915 ¥25,867 $215,558
Minority interests 81 (67) (558)
See accompanying notes to consolidated financial statements.
Millions of yen
Thousands of
U.S. dollars (Note 1)
2014 2015 2015
Net sales ¥713,286 ¥764,671 $6,372,258
Cost of sales (Note 7) 272,830 274,820 2,290,167
Gross profit 440,456 489,851 4,082,091
Selling, general and administrative expenses (Note18) 367,011 398,889 3,324,074
Operating income 73,445 90,962 758,017
Other income (expenses):
Interest expense, net (10,496) (8,274) (68,950)
Gain on available-for-sale securities, net 1,331 1,121 9,342
Foreign currency exchange loss, net (2,022) (1,669) (13,908)
Equity in losses of affiliates, net (1,457) (2,791) (23,258)
Gain on sales of non-current assets 102 — —
Gain on sales of investment securities in subsidiaries and affiliates, net 287 — —
Bank loans-related expenses in conjunction with repayment made prior to due date (1,528) (1,117) (9,308)
Impairment loss on fixed assets (Note 19) (4,871) (119) (992)
Loss on liquidation of business (Note 20) (11,591) (1,820) (15,167)
Penalty charges (Note 22) (700) — —
Loss related to securities litigation (Note 21) (17,256) (6,816) (56,800)
Soil improvement cost (808) (745) (6,208)
Loss related to the investigation under U.S. Anti-kickback Act and the related Act (Note 23) — (53,866) (448,883)
Other, net (8,011) (5,932) (49,435)
Total (57,020) (82,028) (683,567)
Income before income taxes and minority interests 16,425 8,934 74,450
Income taxes (Note 14):
Current 19,740 20,076 167,300
For prior periods (Note 24) (230) — —
Deferred (16,712) (2,271) (18,925)
Total 2,798 17,805 148,375
Income (loss) before minority interests 13,627 (8,871) (73,925)
Minority interests 0 134 1,117
Net income (loss) ¥ 13,627 ¥ (8,737) $ (72,808)
See accompanying notes to consolidated financial statements.
Consolidated Statements of Operations
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2014 and 2015
Consolidated Statements of Comprehensive Income
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2014 and 2015
79
OLYMPUS Annual Report 2015
78 OLYMPUS Annual Report 2015