Olympus 2007 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2007 Olympus 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 62

  • 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
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62

32 OLYMPUS 2007
Thousands of
Millions of yen U.S. dollars
2007 2006 2005 2007
Net sales ..................................................................................... ¥1,061,786 ¥978,127 ¥813,538 $8,848,217
Cost of sales ................................................................................ 611,503 619,898 516,468 5,095,858
Gross profit .................................................................................. 450,283 358,229 297,070 3,752,359
Selling, general and administrative expenses ..................................... 351,554 295,706 273,917 2,929,617
Operating income ......................................................................... 98,729 62,523 23,153 822,742
OTHER INCOME (EXPENSES):
Interest expense, net .................................................................... (11,256) (9,020) (6,282) (93,800)
Gain (loss) on available-for-sale securities, net ................................. (820) 116 1,640 (6,833)
Foreign currency exchange loss, net ............................................... (4,120) (4,953) (2,240) (34,333)
Net loss of investment in affiliated companies carried on the equity
method ..................................................................................... (2,394) (1,451) (1,189) (19,950)
Gain on sales of investment securities in subsidiaries and affiliates ..... 163 2,199 — 1,358
Gain on sale of beneficial interest in trust ....................................... — 1,522 — —
Gain on sales of property, plant and equipment ............................... — — 1,247 —
Impairment loss on fixed assets (Note 17) ....................................... (1,619) (1,411) — (13,492)
Provision for losses on business restructuring ................................... — — (5,490) —
Other, net .................................................................................. (5,103) (6,338) (5,032) (42,525)
Total ....................................................................................... (25,149) (19,336) (17,346) (209,575)
Income before provision for income taxes .......................................... 73,580 43,187 5,807 613,167
PROVISION FOR INCOME TAXES: (Note 12)
Current ..................................................................................... 31,682 24,573 14,633 264,017
Deferred .................................................................................... (5,601) (9,741) 3,168 (46,675)
Total ....................................................................................... 26,081 14,832 17,801 217,342
Minority interest in losses of consolidated subsidiaries ........................ 300 209 167 2,500
Net income (loss) .......................................................................... ¥ 47,799 ¥ 28,564 ¥ (11,827) $ 398,325
Yen U.S.dollars
AMOUNTS PER SHARE OF COMMON STOCK:
Earnings per share—Basic net income (loss) .................................... ¥176.79 ¥105.99 ¥(44.98) $1.473
CASH DIVIDENDS, APPLICABLE TO THE YEAR
Actual ....................................................................................... ¥ 35.00 ¥ 22.00 ¥ 15.00 $0.292
See accompanying notes to consolidated financial statements.
Consolidated Statements of Operations
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2007, 2006 and 2005