Pentax 2007 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2007 Pentax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 78

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78

49
Millions of Yen Thousands of U.S. Dollars
(Note 1)
2007 2006 2005 2007
OPERATING ACTIVITIES:
Income before income taxes and minority interests ¥107,132 ¥ 97,367 ¥ 83,466 $907,514
Adjustments for:
Depreciation and amortization 36,339 26,252 21,661 307,827
Provision for (reversal of) allowance for doubtful receivables (243) 235 (345) (2,058)
Provision for accrued bonuses to employees 155 278 194 1,313
Provision for reserve for periodic repairs 268 76 185 2,270
Gain on sales of property, plant and equipment (9,629) (109) (195) (81,567)
Loss on disposal of property, plant and equipment 3,327 625 948 28,183
Loss on impairment of long-lived assets 88 1,233 859 745
Foreign exchange loss (gain) 4,783 (599) (233) 40,517
Bonuses to directors (65) (65) (63) (551)
Equity in earnings of associated companies (642) (1,285) (3,708) (5,438)
Gain on transfer of business —(1,656) — —
Other (700) 77 554 (5,932)
Changes in assets and liabilities:
Decrease (increase) in notes and accounts receivable (13,801) (4,042) (5,393) (116,908)
Decrease (increase) in inventories (4,799) (2,547) (2,526) (40,652)
Decrease (increase) in other current assets 2,250 2,097 2,428 19,060
Increase (decrease) in notes and accounts payable (1,208) 3,644 (1,629) (10,233)
Increase (decrease) in other current liabilities (781) 2,420 3,142 (6,616)
Interest and dividend income (2,922) (1,795) (1,022) (24,752)
Interest expense 87 142 87 737
Interest and dividends—received 2,557 1,866 958 21,660
Interest—paid (41) (112) (110) (347)
Income taxes—paid (23,362) (18,247) (23,588) (197,899)
Income taxes—refunded —— 330 —
Total adjustments (8,339) 8,488 (7,466) (70,641)
Net cash provided by operating activities 98,793 105,855 76,000 836,873
INVESTING ACTIVITIES:
Proceeds from sales of investment securities 30 — — 254
Payments for investment securities (408) (2,070) (10) (3,456)
Acquisition of majority shares (908) (337) — (7,692)
Proceeds from sales of property, plant and equipment 10,218 267 541 86,557
Payments for property, plant and equipment (52,379) (47,742) (33,394) (443,702)
Proceeds from transfer of business —2,230 — —
Proceeds from other assets 654 271 532 5,541
Payments for purchases of other assets (3,859) (4,632) (3,193) (32,690)
Net cash used in investing activities (46,652) (52,013) (35,524) (395,188)
Consolidated Statements of Cash Flows
Hoya Corporation and Subsidiaries
Years Ended March 31, 2007, 2006 and 2005