Olympus 2011 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2011 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 70

  • 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
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70

36 OLYMPUS 2011
Millions of yen
Thousands of
U.S. dollars (Note 1)
2011 2010 2009 2011
Net sales ................................................................................................ ¥ 847,105 ¥ 883,086 ¥ 980,803 $ 10,588,813
Cost of sales........................................................................................... 459,511 474,842 519,580 5,743,888
Gross profit ............................................................................................ 387,594 408,244 461,223 4,844,925
Selling, general and administrative expenses ......................................... 352,234 348,095 426,636 4,402,925
Operating income ................................................................................... 35,360 60,149 34,587 442,000
Other Income (Expenses):
Interest expense, net ........................................................................... (11,913) (11,378) (13,970) (148,913)
Gain (loss) on available-for-sale securities, net ................................... 387 (4,942) (14,564) 4,838
Foreign currency exchange gain (loss), net .......................................... .2,615 1,367 5,009 32,688
Net gain (loss) of investment in affiliated companies accounted for
by the equity method .......................................................................... 574 306 (1,704) 7,175
Gain (loss) on sales of investments securities in subsidiaries and
affiliates, net ...................................................................................... (77) 2,429 —(963)
Gain on transfer of business ................................................................ 2,696 47,674 — 33,700
Amortization of negative goodwill ........................................................ 2,408 — —30,100
Impairment loss on fixed assets (Note 17) ........................................... — (1,353) (1,815) —
Amortization of goodwill (Note 18) ....................................................... — (2,334) (76,201) —
Loss on step acquisitions ..................................................................... (310) — — (3,875)
Loss on adoption of accounting standard for asset retirement
obligations .......................................................................................... (311) — —(3,888)
Loss on disaster ................................................................................... (608) — —(7,600)
Loss on prior period adjustment (Note 19) ........................................... — —(15,516) —
Other, net ............................................................................................. (8,062) (5,714) (7,127) (100,775)
Total .................................................................................................. (12,601) 26,055 (125,888) (157,513)
Income (loss) before provision for income taxes and minority interests .. 22,759 86,204 (91,301) 284,487
Provision for Income Taxes (Note 13):
Current ................................................................................................ 17,342 34,938 25,465 216,775
Deferred .............................................................................................. (2,411) 3,328 405 (30,138)
Total .................................................................................................. 14,931 38,266 25,870 186,637
Income (loss) before minority interests .................................................. 7,828 47,938 (117,171) 97,850
Minority interests in losses (gains) of consolidated subsidiaries ............ (447) (175) 2,361 (5,587)
Net income (loss) ................................................................................... ¥ 7,381 ¥ 47,763 ¥ (114,810) $ 92,263
Yen U.S. dollars (Note1)
Amounts per Share of Common Stock:
Earnings per share-Basic ..................................................................... ¥ 27.47 ¥ 177.22 ¥ (428.83) $ 0.343
-Diluted .................................................................. ¥ — ¥ — ¥ — $ —
Cash Dividends, Applicable to the Year
Actual .................................................................................................. ¥ 30.00 ¥ 30.00 ¥ 20.00 $ 0.375
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF OPERATIONS
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2011, 2010 and 2009