Alpine 2007 Annual Report Download - page 18

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See accompanying notes
16
Consolidated Statements of Income
2007 2006 2005 2007
Net sales (Note 15) ¥265,055 ¥253,983 ¥222,779 $ 2,245,277
Costs and expenses (Note 15):
Cost of sales 211,085 203,785 172,213 1,788,098
Selling, general and administrative 43,860 40,527 40,418 371,537
254,945 244,312 212,631 2,159,635
Operating income (Note 15) 10,110 9,671 10,148 85,642
Other income (expenses):
Interest and dividend income 736 317 296 6,234
Interest expense (128) (134) (185) (1,084)
Foreign exchange gains, net 788 322 354 6,675
Equity in earnings of affiliated companies 677 460 853 5,735
Loss on sale and disposal of fixed assets (262) (315) (172) (2,219)
Gain on sale of investments in securities — 340 — —
Loss on valuation of investments in securities (120) (159) (4) (1,017)
Prior compensation expense for products (935) — — (7,920)
Provision for warranty reserve (297) — — (2,516)
Gain on return of the substitutional portion of
Welfare Pension Insurance (Note 8) — 10 1,091 —
Loss on change in the retirement pension scheme (Note 8) — — (199) —
Other — net (267) (360) 102 (2,262)
192 481 2,136 1,626
Income before income taxes and minority interests 10,302 10,152 12,284 87,268
Income taxes (Note 11):
Current 4,738 3,644 4,094 40,135
Deferred (372) 62 162 (3,151)
4,366 3,706 4,256 36,984
Income before minority interests 5,936 6,446 8,028 50,284
Minority interests in net income of consolidated subsidiaries (207) (271) (96) (1,754)
Net income ¥5,729 ¥6,175 ¥7,932 $48,530
Thousands of U.S.
Dollars (Note 1)Millions of Yen
Years ended March 31, 2007, 2006 and 2005
ALPINE ELECTRONICS, INC.
2007 2006 2005 2007
Amounts per share of common stock:
Net income ¥82.12 ¥91.71 ¥128.97 $0.70
Diluted net income — 88.35 112.58 —
Cash dividends applicable to the year 25.00 20.00 20.00 0.21
U.S. Dollars (Note 1)Yen