Alpine 2007 Annual Report Download - page 12

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10
Financial Highlights
1997 1998 1999 2000 2001
For the year:
Net sales 155,366 168,146 176,311 171,084 181,615
(Overseas Sales) 93,637 105,968 122,220 123,893 129,522
Operating income 6,354 5,939 7,453 6,298 4,445
Net income 3,395 2,680 2,650 3,098 3,284
Cash fl ows from operating activities 12,328 2,273 13,142 4,622 1,921
Free cash fl ow 4,370 (1,267) 7,107 3,100 (3,602)
Depreciation 4,347 4,725 5,351 5,338 5,385
Capital expenditures 7,309 6,841 5,008 5,607 6,307
R&D expenses 7,820 8,770 10,781 10,990 12,628
ROA (Return on assets) (%) 3.2 2.4 2.3 2.6 2.7
ROE (Return on equity) (%) 7.8 5.7 5.4 5.9 5.4
Amounts per share of common stock:
Net income (¥) 62.04 48.52 47.96 54.74 56.40
Diluted net income (¥) 57.22 45.32 44.98 52.04 54.60
Cash dividends applicable to
the year (¥) 13.00 10.00 10.00 10.00 10.00
Stockholders’ equity (¥) 840.20 878.15 914.18 957.30 1,106.38
At year-end:
Current assets 74,884 74,879 80,165 81,400 85,046
Property, plant and equipment, net 22,300 24,348 23,022 22,810 23,649
Current liabilities 52,798 49,668 54,281 56,092 53,094
Long-term liabilities 8,402 10,436 12,420 6,005 6,403
Common stock 16,732 16,900 16,904 18,090 19,928
Retained earnings 13,137 15,731 17,721 23,365 26,002
Total stockholders’ equity 46,170 48,521 49,879 54,940 67,145
Total net assets — — — — —
Total assets 108,472 111,034 117,613 118,101 127,772
Equity ratio (%) 42.5 43.7 42.7 46.5 52.6
Notes: 1. R&D expenses include labor and other expenses reported as cost of sales.
2. Total stockholders’ equity and total assets for 2000 are reclassifi ed to conform to the "Standard for Accounting for Transactions by Foreign Currency,
etc." effective from the year ended March 31, 2001. Accordingly, ROA and ROE for 2000 are recalculated. With the standard adopted prior to 2001,
total stockholders’ equity, total assets and stockholders’ equity per share of common stock for 2000 were ¥58,533 million, ¥121,694 million and
¥1,019.91, respectively. Also, ROA, ROE and equity ratio for 2000 were 2.6%, 5.7% and 48.1%, respectively.
3. Effective from the year ending March 31, 2007, the Company and its consolidated subsidiaries adopted the new accounting standard for presentation
of net assets ("Accounting Standard for Presentation of Net Assets in the Balance Sheet and its Implementation Guidance" issued by the Business
Accounting Deliberation Council on December 9, 2005).