Casio 2003 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2003 Casio annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 42

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42

Thousands of
Millions of yen U.S. dollars (Note 1)
2003 2002 2003
Net sales (Note 13) ................................................................................................... ¥440,567 ¥382,154 $3,671,392
Costs and expenses (Note 13):
Cost of sales............................................................................................................... 315,530 284,093 2,629,417
Selling, general and administrative expenses............................................................... 93,009 94,394 775,075
Research and development expenses.......................................................................... 14,114 14,085 117,617
.................................................................................................................................. 422,653 392,572 3,522,109
Operating income (loss) (Note 13) .......................................................................... 17,914 (10,418) 149,283
Other income (expenses):
Interest and dividends income .................................................................................... 835 1,152 6,958
Foreign exchange gain (loss)—net .............................................................................. (2,914) 1,180 (24,283)
Gain (Loss) on disposal and sales of property, plant and equipment............................ (759) 849 (6,325)
Gain on sales of investment securities in consolidated subsidiaries (Note 17)............... —1,578 —
Interest expense ......................................................................................................... (3,046) (3,212) (25,383)
Disposal and devaluation of inventories...................................................................... (2,531) (11,749) (21,092)
Loss on devaluation and sales of investment securities................................................ (785) (4,016) (6,542)
Restructuring charges (Note 18) ................................................................................. —(8,486) —
Other—net................................................................................................................. 900 (1,702) 7,501
.................................................................................................................................. (8,300) (24,406) (69,166)
Income (Loss) before income taxes and minority interests ................................. 9,614 (34,824) 80,117
Income taxes (Note 8):
Current ...................................................................................................................... 3,025 1,519 25,209
Deferred..................................................................................................................... 824 (10,929) 6,867
.................................................................................................................................. 3,849 (9,410) 32,076
Income (Loss) before minority interests................................................................ 5,765 (25,414) 48,041
Minority interests.................................................................................................... (118) 486 (983)
Net income (loss)..................................................................................................... ¥005,647 ¥(24,928) $0,047,058
Yen U.S. dollars (Note 1)
Amounts per share of common stock:
Net income (loss) (Note 19) ........................................................................................ ¥0020.27 ¥(91.82) $0,0000.17
Diluted net income (Note 19) ..................................................................................... 20.10 —0.17
Cash dividends applicable to the year......................................................................... 12.50 12.50 0.10
See accompanying notes.
Consolidated Statements of Operations
Years ended March 31, 2003 and 2002
Casio Computer Co., Ltd. and Subsidiaries
20 CASIO COMPUTER CO., LTD.