Alpine 2008 Annual Report Download - page 18

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See accompanying notes
18
2008 2007 2006 2008
Net sales (Note 14) ¥ 252,072 ¥ 265,055 ¥ 253,983 $ 2,515,940
Costs and expenses (Note 14):
Cost of sales 204,738 211,085 203,785 2,043,497
Selling, general and administrative 40,322 43,860 40,527 402,456
245,060 254,945 244,312 2,445,953
Operating income (Note 14) 7,012 10,110 9,671 69,987
Other income (expenses):
Interest and dividend income 930 736 317 9,282
Interest expense (171) (128) (134) (1,707)
Foreign exchange gains (losses), net (1,926) 788 322 (19,223)
Equity in earnings of affiliated companies 1,047 677 460 10,450
Loss on sale and disposal of fixed assets (343) (262) (315) (3,423)
Gain on sale of investments in securities 51 — 340 509
Loss on valuation of investments in securities (256) (120) (159) (2,555)
Prior compensation expense for products — (935) — —
Provision for warranty reserve — (297) — —
Gain on return of the substitutional portion of
Welfare Pension Insurance (Note 7) — — 10 —
Other — net 1 (267) (360) 10
(667) 192 481 (6,657)
Income before income taxes and minority interests 6,345 10,302 10,152 63,330
Income taxes (Note 10):
Current 2,930 4,738 3,644 29,244
Deferred (298) (372) 62 (2,974)
2,632 4,366 3,706 26,270
Income before minority interests 3,713 5,936 6,446 37,060
Minority interests in net income of consolidated subsidiaries (159) (207) (271) (1,587)
Net income ¥ 3,554 ¥ 5,729 ¥ 6,175 $ 35,473
Thousands of U.S.
Dollars (Note 1)Millions of Yen
Years ended March 31, 2008, 2007 and 2006
ALPINE ELECTRONICS, INC.
2008 2007 2006 2008
Amounts per share of common stock:
Net income ¥ 50.95 ¥ 82.12 ¥ 91.71 $0.51
Diluted net income — — 88.35 —
Cash dividends applicable to the year 25.00 25.00 20.00 0.25
U.S. Dollars (Note 1)Yen
Consolidated Statements of Income