Nikon 2001 Annual Report Download - page 20

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page 18
CONSOLIDATED STATEMENTS OF INCOME
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
2001 2000 2001
Net sales ¥483,957 ¥371,801 $3,906,026
Cost of sales 301,759 247,473 2,435,499
Gross profit 182,198 124,328 1,470,527
Selling, general and administrative expenses (Note 9) 120,775 105,894 974,782
Operating income 61,423 18,434 495,745
Other income (expenses)
Interest and dividend income 1,413 1,062 11,403
Interest expense (4,331) (5,216) (34,953)
Write-down of inventories (2,647) (2,460) (21,367)
Loss on disposals of inventories (10,506) (2,534) (84,795)
Gain on sales of property, plant and equipment 4,575 736 36,925
Gain on securities contributed to employees’ retirement benefit trusts 1,724 13,915
Charge for transitional obligations for employees’ retirement benefits (16,459) (132,843)
Equity in earnings of unconsolidated subsidiaries
and associated companies 39 174 315
Other-net (5,404) 1,283 (43,607)
Other income (expenses)-net (31,596) (6,955) (255,007)
Income before income taxes and minority interest 29,827 11,479 240,738
Income taxes (Note 8)
Current 26,978 4,740 217,741
Deferred (18,077) (1,032) (145,898)
Total income taxes 8,901 3,708 71,843
Minority interest 15 1125
Net income ¥ 20,911 ¥ 7,770 $ 168,770
U.S. Dollars
Yen (Note 1)
Per share of common stock (Note 2 (o)):
Net income ¥ 56.53 ¥ 21.01 $ 0.46
Cash dividends applicable to the year 8.00 5.00 0.06
See Notes to Consolidated Financial Statements.
Nikon Corporation and Consolidated Subsidiaries
Years ended March 31, 2001 and 2000