JVC 2007 Annual Report Download - page 38

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36
Thousands of
U.S. dollars
Millions of yen (Note 1)
2007 2006 2005 2007
Net sales ¥742,686 ¥806,900 ¥840,591 $6,293,949
Costs and expenses:
Cost of sales 502,923 551,261 564,977 4,262,059
Selling, general and administrative expenses 245,420 262,530 265,244 2,079,831
748,343 813,791 830,221 6,341,890
Operating income (loss) (5,657) (6,891) 10,370 (47,941)
Other income (expenses):
Interest and dividend income 1,772 886 688 15,017
Equity in income (loss) of affiliated companies ——32 —
Interest expense (4,238) (3,040) (3,092) (35,915)
Gain on sales of investment securities 3,620 23,911 30,678
Loss on liquidation of subsidiaries and affiliated companies ——(16) —
Restructuring charges (1,708) (2,466) (57) (14,475)
Loss from write-down of investment in securities (273) (300) (349) (2,314)
Prior period patent royalty ——(263) —
Special retirement payments —(6,544) (6,530) —
Loss on impairment of fixed assets (Note 18) (1,805) ——(15,297)
Gain and loss on sales and disposal of property, plant and equipment 16,501 2,463 1,144 139,839
Other, net (Note 7) (5,648) (6,211) (1,110) (47,863)
8,221 (15,210) (5,642) 69,670
Income (Loss) before income taxes and minority interests 2,564 (22,101) 4,728 21,729
Income taxes (Note 8):
Current 4,451 2,863 5,317 37,720
Deferred 6,288 6,266 883 53,288
10,739 9,129 6,200 91,008
Income (Loss) before minority interests (8,175) (31,230) (1,472) (69,279)
Minority interests 283 622 (386) 2,398
Net income (loss) ¥ (7,892) ¥ (30,608) ¥ (1,858) $(66,881)
U.S. dollars
Yen (Note 1)
Amounts per share of common stock (Note 2):
Net income (loss) ¥(31.1) ¥ (120.5) ¥ (7.7) $(0.26)
Diluted net income (Note 2) ——— —
Cash dividends applicable to the year ——5.0 —
See accompanying notes.
Consolidated Statements of Operations
Victor Company of Japan, Limited and its consolidated subsidiaries
Years ended March 31, 2007, 2006 and 2005