Casio 2002 Annual Report Download - page 18

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Thousands of
Millions of yen U.S. dollars (Note 1)
2002 2001 2002
Net sales (Note 12) ................................................................................................... ¥382,154 ¥443,930 $2,873,338
Costs and expenses (Note 12):
Cost of sales............................................................................................................... 284,093 315,207 2,136,037
Selling, general and administrative expenses............................................................... 94,394 98,850 709,730
Research and development expenses.......................................................................... 14,085 11,968 105,902
.................................................................................................................................. 392,572 426,025 2,951,669
Operating income (loss) (Note 12) .......................................................................... (10,418) 17,905 (78,331)
Other income (expenses):
Interest and dividends income .................................................................................... 1,152 1,923 8,662
Foreign exchange gain (loss)—net .............................................................................. 1,180 (3,420) 8,872
Gain (Loss) on disposal and sales of property, plant and equipment............................ 849 (635) 6,383
Gain on sales of investment securities in consolidated subsidiaries (Note 14)............... 1,578 4,280 11,865
Interest expense ......................................................................................................... (3,212) (3,526) (24,150)
Disposal and devaluation of inventories...................................................................... (11,749) (5,152) (88,338)
Loss on devaluation and sales of investment securities................................................ (4,016) (61) (30,196)
Restructuring charges (Note 15) ................................................................................. (8,486) —(63,805)
Loss on dissolution of affiliated companies ................................................................. —(2,909) —
Other—net................................................................................................................. (1,702) 796 (12,797)
.................................................................................................................................. (24,406) (8,704) (183,504)
Income (Loss) before income taxes and minority interests ................................. (34,824) 9,201 (261,835)
Income taxes (Note 8):
Current ...................................................................................................................... 1,519 4,356 11,421
Deferred..................................................................................................................... (10,929) (2,053) (82,173)
.................................................................................................................................. (9,410) 2,303 (70,752)
Income (Loss) before minority interests................................................................ (25,414) 6,898 (191,083)
Minority interests.................................................................................................... 486 (351) 3,654
Net income (loss)..................................................................................................... ¥(24,928) ¥6,547 $(187,429)
Yen U.S. dollars (Note 1)
Amounts per share of common stock:
Net income (loss)........................................................................................................ ¥(91.82) ¥24.11 $(0.69)
Diluted net income..................................................................................................... —23.72 —
Cash dividends applicable to the year......................................................................... 12.50 12.50 0.09
See accompanying notes.
16
CONSOLIDATED Statements of Operations
Years ended March 31, 2002 and 2001
Casio Computer Co., Ltd. and Subsidiaries