Olympus 2006 Annual Report Download - page 34

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32 OLYMPUS 2006
Thousands of
Millions of yen U.S. dollars
2006 2005 2004 2006
Net sales ................................................................................... ¥ 978,127 ¥ 813,538 ¥ 633,622 $ 8,505,452
Cost of sales............................................................................... 619,898 516,468 335,053 5,390,417
Gross profit ................................................................................ 358,229 297,070 298,569 3,115,035
Selling, general and administrative expenses ................................... 295,706 273,917 235,572 2,571,357
Operating income ....................................................................... 62,523 23,153 62,997 543,678
OTHER INCOME (EXPENSES):
Interest expense, net .................................................................. (9,020) (6,282) (4,621) (78,435)
Gain on marketable and investment securities, net .......................... 116 1,640 1,749 1,009
Foreign currency exchange gain (loss), net .................................... (4,953) (2,240) 1,123 (43,070)
Net loss of investment in affiliated companies
carried on the equity method ..................................................... (1,451) (1,189) (1,570) (12,617)
Gain on sales of investment securities in subsidiaries and affiliates .... 2,199 ——19,122
Gain on sale of beneficial interest in trust ...................................... 1,522 ——13,235
Gain on sale of property, plant and equipment ............................... —1,247 — —
Gain on the release from the substitutional portion of
the government’s Welfare Pension Insurance Scheme ..................... —— 8,584 —
Impairment loss on fixed assets (Note 15)...................................... (1,411) ——(12,270)
Loss on settlement of swap contracts ............................................. —— (5,447) —
Provision for losses on business restructuring (Note 10).................... —(5,490) — —
Other, net ................................................................................ (6,129) (4,865) (2,614) (53,296)
Total ..................................................................................... (19,127) (17,179) (2,796) (166,322)
Income before provision for income taxes ........................................ 43,396 5,974 60,201 377,356
PROVISION FOR INCOME TAXES: (Note 11)
Current.................................................................................... 24,573 14,633 16,390 213,678
Deferred .................................................................................. (9,741) 3,168 10,247 (84,704)
Total ..................................................................................... 14,832 17,801 26,637 128,974
Net income (loss) ........................................................................ ¥ 28,564 ¥ (11,827) ¥ 33,564 $ 248,382
Yen U.S. dollars
AMOUNTS PER SHARE OF COMMON STOCK:
Earnings per share—Basic net income (loss) ................................... ¥105.99 ¥(44.98) ¥126.96 $0.922
CASH DIVIDENDS, APPLICABLE TO THE YEAR
Actual ..................................................................................... ¥ 22.00 ¥ 15.00 ¥ 15.00 $0.191
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF OPERATIONS
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2006, 2005 and 2004
olympus ar06 25-52 06.7.28 4:48 PM ページ 32