Casio 2008 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2008 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 48

  • 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
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48

26 CASIO COMPUTER CO., LTD.
Consolidated Statements of Income
Years ended March 31, 2008 and 2007 Casio Computer Co., Ltd. and Subsidiaries
Millions of Yen
Thousands of
U.S. Dollars (Note 1)
2008 2007 2008
Net sales (Note 13) .................................................................................................................... ¥623,050 ¥620,769 $6,230,500
Costs and expenses (Note 13):
Cost of sales .......................................................................................................................... 453,255 436,548 4,532,550
Selling, general and administrative expenses .......................................................................... 117,292 118,128 1,172,920
Research and development expenses ..................................................................................... 14,750 18,019 147,500
585,297 572,695 5,852,970
Operating income (Note 13) ..................................................................................................... 37,753 48,074 377,530
Other income (expenses):
Interest and dividends income ................................................................................................ 2,882 2,713 28,820
Interest expense ..................................................................................................................... (1,380) (1,607) (13,800)
Foreign exchange loss—net ................................................................................................... (5,832) (4,999) (58,320)
Disposal and devaluation of inventories ................................................................................. (3,878) (3,624) (38,780)
Gain (Loss) on disposal and sales of property, plant and equipment ....................................... 2,270 (751) 22,700
Gain (Loss) on devaluation and sales of investment securities ................................................. (574) 1,102 (5,740)
Gain on sales of consolidated subsidiaries and affiliates.......................................................... —231 —
Loss on dissolution of a consolidated subsidiary ..................................................................... (1,160) —(11,600)
Loss on transfer of business (Note 16) .................................................................................... (7,922) —(79,220)
Government grants ................................................................................................................ 540 360 5,400
Other—net ............................................................................................................................ 1,189 (116) 11,890
(13,865) (6,691) (138,650)
Income before income taxes and minority interests .............................................................. 23,888 41,383 238,880
Income taxes (Note 8):
Current .................................................................................................................................. 11,157 16,407 111,570
Deferred ................................................................................................................................ 2,652 (1,424) 26,520
13,809 14,983 138,090
Income before minority interests ............................................................................................ 10,079 26,400 100,790
Minority interests ........................................................................................................................ 2,109 (1,253) 21,090
Net income .......................................................................................................................... ¥ 12,188 ¥ 25,147 $ 121,880
Yen U.S. Dollars (Note 1)
Amounts per share of common stock:
Net income ............................................................................................................................ ¥44.17 ¥92.67 $0.44
Diluted net income ................................................................................................................ 44.15 90.30 0.44
Cash dividends applicable to the year .................................................................................... 33.00 23.00 0.33
See accompanying notes.