Bridgestone 2002 Annual Report Download - page 39

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37
Reporting of comprehensive income (loss)
Comprehensive income (loss), referred to as changes in equity from nonowner sources, consists of net income and other comprehensive
income (loss) which is classified into items such as minimum pension liability adjustments, net unrealized gains on securities and foreign cur-
rency translation adjustments. Comprehensive income (loss) for the years ended December 31, 2002 and 2001 is as follows:
Thousands of
Millions of yen U.S. dollars
2002 2001 2002
Net income ¥45,379 ¥17,389 $378,474
Other comprehensive income (loss), before tax:
Minimum pension liability adjustments (35,893) (2,698) (299,358)
Net unrealized gains on securities:
Unrealized holding gains during the year 1,635 63,785 13,636
Foreign currency translation adjustments (34,529) 19,380 (287,982)
Total (68,787) 80,467 (573,704)
Income tax expense related to items of other comprehensive income (685) (26,726) (5,713)
Other comprehensive income (loss), net of tax (69,472) 53,741 (579,417)
Comprehensive income (loss) ¥(24,093) ¥71,130 $(200,943)
The exercise price is equal to the higher of either 1.05 times the
monthly average closing market price of the Company’s common
stock traded in the Tokyo Stock Exchange of the month preceding
the date of grant, or the closing market price of that on the date of
grant.
During the year ended December 31, 2002, the exercisable
options were not exercised. At December 31, 2002, the balance of
grant options was 687 thousand shares and the exercisable options
were 215 thousand shares.
Date of grant Number of options granted (thousand shares) Exercise period
March 30, 2000 Directors 156 From April 1, 2002 to March 31, 2007
Selected employees 59 From April 1, 2002 to March 31, 2007
March 29, 2001 Directors 142 From April 1, 2003 to March 31, 2008
Selected employees 66 From April 1, 2003 to March 31, 2008
March 28, 2002 Directors 110 From April 1, 2004 to March 31, 2009
Selected employees 154 From April 1, 2004 to March 31, 2009
Total 687
NOTE 9—STOCK-BASED COMPENSATION
The Company has a stock option plan. The stock option plan which was approved at the general shareholders’ meetings provides options for
purchases of the Company’s common stock for the directors and selected employees of the Company.
The date of grant, the number of grant options and exercise period are as follows:
books of account maintained in accordance with Japanese GAAP.
The adjustments included in the consolidated financial statements
but not recorded in the books have no effect on the determination of
retained earnings available for dividends under the Code. Retained
earnings available for dividends of the Company at December
31,2002 and 2001 were ¥566,325 million ($4,723,311 thousand)
and ¥547,872 million, respectively.
The Company issued 6 thousand and 21 thousand shares for
the years ended December 31, 2002 and 2000, respectively, of
common stock in connection with conversions of bonds.