Alpine 2010 Annual Report Download - page 13

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13
Thousands of U.S Dollars
2006 2007 2008 2009 2010 2010
For the year:
Net sales 253,983 265,055 252,072 196,667 168,586 1,811,973
(Overseas Sales) 215,281 228,379 219,056 166,873 138,335 1,486,834
Operating income(loss) 9,671 10,110 7,012 (10,645) 227 2,440
Net income(loss) 6,175 5,729 3,554 (9,291) (1,250) (13,435)
Net cash provided by
operating activities 12,887 16,399 9,963 10,680 9,859 105,965
Free cash flow 3,032 4,512 (4,138) (2,170) 5,896 63,370
Depreciation 8,616 9,326 10,655 10,336 8,352 89,768
Capital expenditures 10,778 12,620 13,673 10,160 4,379 47,066
R&D expenses 28,695 30,347 29,337 28,266 20,589 221,292
ROA (Return on assets) (%) 3.8 3.3 2.0 (6.2) (0.9) (0.9)
ROE (Return on equity) (%) 6.2 5.0 3.0 (8.8) (1.3) (1.3)
At year-end:
Current assets 109,910 114,938 103,756 75,134 96,185 1,033,803
Property, plant and equipment 27,647 30,090 32,851 28,903 25,875 278,106
Current liabilities 52,173 53,763 48,265 30,499 39,306 422,464
Noncurrent liabilities 5,004 6,514 3,255 5,050 17,087 183,652
Capital stock 25,921 25,921 25,921 25,921 25,921 278,601
Retained earnings 52,213 57,344 58,592 47,839 46,550 500,322
Total shareholders' equity 110,782 — — — — —
Total net assets — 120,908 116,265 96,874 97,036 1,042,949
Total assets 169,553 181,185 167,785 132,423 153,429 1,649,065
Equity ratio (%) 65.3 65.7 68.5 72.4 62.7 62.7
Amounts per share of common stock:
Net income(loss) (¥) 91.71 82.12 50.95 (133.17) (17.92) (0.19)
Diluted net income (¥) 88.35 — — — — —
Dividends from surplus
applicable to the year (¥) 20.00 25.00 25.00 10.00 0.00 0.00
Shareholders' equity (¥) 1,587.05 1,706.54 1,646.38 1,374.95 1,379.61 14.83
3. Effective from the year ended 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).