Casio 2006 Annual Report Download - page 28

26 CASIO COMPUTER CO., LTD.
Consolidated Statements of Income
Thousands of
Millions of Yen U.S. Dollars (Note 1)
2006 2005 2006
Net sales (Note 13).............................................................................................................. ¥580,309 ¥559,006 $4,959,906
Costs and expenses (Note 13):
Cost of sales ...................................................................................................................407,940 398,186 3,486,667
Selling, general and administrative expenses ................................................................... 111,050 105,164 949,145
Research and development expenses .............................................................................. 18,205 16,616 155,598
537,195 519,966 4,591,410
Operating income (Note 13) .............................................................................................. 43,114 39,040 368,496
Other income (expenses):
Interest and dividends income......................................................................................... 1,858 1,047 15,880
Interest expense.............................................................................................................. (1,300) (1,494) (11,111)
Foreign exchange loss—net ............................................................................................ (1,216) (1,962) (10,393)
Disposal and devaluation of inventories........................................................................... (3,946) (3,370) (33,726)
Loss on disposal and sales of property, plant and equipment........................................... (603) (727) (5,154)
Loss on impairment of fixed assets (Note 16)................................................................... —(1,494) —
Gain on devaluation and sales of investment securities.................................................... 31 127 265
Gain on sales of consolidated subsidiaries and affiliates................................................... 1,928 293 16,479
Gain on change in interests in consolidated subsidiaries .................................................. —1,918 —
Other—net ..................................................................................................................... (195) (285) (1,668)
(3,443) (5,947) (29,428)
Income before income taxes and minority interests....................................................... 39,671 33,093 339,068
Income taxes (Note 8):
Current........................................................................................................................... 13,902 12,436 118,820
Deferred ......................................................................................................................... 261 (2,013) 2,231
14,163 10,423 121,051
Income before minority interests ..................................................................................... 25,508 22,670 218,017
Minority interests ................................................................................................................. (1,763) (1,136) (15,068)
Net income ................................................................................................................... ¥23,745 ¥21,534 $ 202,949
Yen U.S. Dollars (Note 1)
Amounts per share of common stock:
Net income ..................................................................................................................... ¥88.57 ¥80.27 $0.76
Diluted net income ......................................................................................................... 84.43 76.47 0.72
Cash dividends applicable to the year.............................................................................. 20.00 17.00 0.17
See accompanying notes.
Years ended March 31, 2006 and 2005 Casio Computer Co., Ltd. and Subsidiaries