Casio 2004 Annual Report Download - page 26

24 CASIO COMPUTER CO., LTD.
Consolidated Statements of Income
March 31, 2004 and 2003
Casio Computer Co., Ltd. and Subsidiaries
Thousands of
Millions of Yen U.S. Dollars (Note 1)
2004 2003 2004
Net sales (Note 13).............................................................................................................. ¥523,528 ¥440,567 $4,938,943
Costs and expenses (Note 13):
Cost of sales ...................................................................................................................377,422 315,530 3,560,584
Selling, general and administrative expenses ................................................................... 104,428 93,009 985,170
Research and development expenses .............................................................................. 14,187 14,114 133,840
496,037 422,653 4,679,594
Operating income (Note 13) .............................................................................................. 27,491 17,914 259,349
Other income (expenses):
Interest and dividends income......................................................................................... 828 835 7,811
Foreign exchange loss—net ............................................................................................ (2,491) (2,914) (23,500)
Loss on disposal and sales of property, plant and equipment........................................... (1,661) (759) (15,670)
Interest expense.............................................................................................................. (2,390) (3,046) (22,547)
Disposal and devaluation of inventories........................................................................... (4,170) (2,531) (39,339)
Gain (Loss) on devaluation and sales of investment securities .......................................... 979 (785) 9,236
Gain on the release from the substitutional portion of the
government’s Welfare Pension Insurance Scheme ........................................................ 2,753 — 25,972
Other—net ..................................................................................................................... 1,197 900 11,292
(4,955) (8,300) (46,745)
Income before income taxes and minority interests....................................................... 22,536 9,614 212,604
Income taxes (Note 8):
Current........................................................................................................................... 5,818 3,025 54,887
Deferred ......................................................................................................................... 2,013 824 18,991
7,831 3,849 73,878
Income before minority interests ..................................................................................... 14,705 5,765 138,726
Minority interests ................................................................................................................. (529) (118) (4,990)
Net income ................................................................................................................... ¥14,176 ¥5,647 $ 133,736
Yen U.S. Dollars (Note 1)
Amounts per share of common stock:
Net income (Note 16)...................................................................................................... ¥51.99 ¥20.27 $0.49
Diluted net income (Note 16) .......................................................................................... 51.23 20.10 0.48
Cash dividends applicable to the year.............................................................................. 15.00 12.50 0.14
See accompanying notes.