Olympus 2010 Annual Report Download - page 38

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36 OLYMPUS 2010
Millions of yen
Thousands of
U.S. dollars (Note 1)
2010 2009 2008 2010
Net sales ................................................................................................ ¥ 883,086 ¥ 980,803 ¥ 1,128,875 $ 9,812,067
Cost of sales........................................................................................... 474,842 519,580 619,396 5,276,022
Gross profit ............................................................................................ 408,244 461,223 509,479 4,536,045
Selling, general and administrative expenses ......................................... 348,095 426,636 396,856 3,867,723
Operating income ................................................................................... 60,149 34,587 112,623 668,322
Other Income (Expenses):
Interest expense, net ........................................................................... (11,378) (13,970) (11,177) (126,422)
Loss on available-for-sale securities, net ............................................ (4,942) (14,564) (163) (54,911)
Foreign currency exchange gain (loss), net .......................................... . 1,367 5,009 457 15,189
Net gain (loss) of investments in affiliated companies carried
on the equity method .......................................................................... 306 (1,704) (2,766) 3,400
Loss on investment in partnership (Note 3a) ........................................ — — (2,893) —
Gain on sales of investments in subsidiaries and affiliates .................. 2,429 — 312 26,989
Gain on sales of property, plant and equipment ................................... — — 1,478 —
Net gains due to decrease in equity interest in subsidiaries ................. — — 1,909 —
Gain on transfer of business ................................................................ 47,674 — 300 529,711
Impairment loss on fixed assets (Note 18) ........................................... (1,353) (1,815) (1,093) (15,033)
Amortization of goodwill (Note 19) ....................................................... (2,334) (76,201) — (25,933)
Loss on prior period adjustment (Note 20) ........................................... — (15,516) — —
Other, net ............................................................................................. (5,714) (7,127) (4,375) (63,490)
Total .................................................................................................. 26,055 (125,888) (18,011) 289,500
Income (loss) before provision for income taxes and minority interests . . 86,204 (91,301) 94,612 957,822
Provision for Income Taxes (Note 14):
Current ................................................................................................ 34,938 25,465 38,952 388,200
Deferred .............................................................................................. 3,328 405 (2,192) 36,978
Total .................................................................................................. 38,266 25,870 36,760 425,178
Minority interests in losses (gains) of consolidated subsidiaries ............ (175) 2,361 117 (1,944)
Net income (loss) ................................................................................... ¥ 47,763 ¥ (114,810) ¥ 57,969 $ 530,700
Yen U.S. dollars (Note1)
Amounts per Share of Common Stock:
Earnings per share-Basic ..................................................................... ¥ 177.22 ¥ (428.83) ¥ 214.48 $ 1.969
- D i l u t e d .................................................................. ¥ — ¥ — ¥ 214.44 $ —
Cash Dividends, Applicable to the Year
Actual .................................................................................................. ¥ 30.00 ¥ 20.00 ¥ 40.00 $ 0.333
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF OPERATIONS
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2010, 2009 and 2008