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CONSOLIDATED STATEMENTS OF OPERATIONS
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2012 and 2011
Millions of yen
Thousands of
U.S.dollars (Note1)
2012 2011
As restated
(Note 1)
2012
Net sales ¥ 848,548 ¥ 847,105 $ 10,606,850
Cost of sales 464,743 459,420 5,809,288
Gross profit 383,805 387,685 4,797,562
Selling, general and administrative expenses (Note 17) 348,287 349,306 4,353,587
Operating income 35,518 38,379 443,975
Other income (expenses):
Interest expense, net (13,167) (11,913) (164,588)
Gain (loss) on available-for-sale securities, net 1,163 (2,346) 14,538
Foreign currency exchange gain, net 162 2,615 2,025
Gain of investments in affiliated companies
accounted for by the equity method, net 144 574 1,800
Loss on sales of investment securities in subsidiaries and affiliates, net (38) (77) (475)
Gain on transfer of business —2,696 —
Amortization of negative goodwill —2,408 —
Impairment loss on fixed assets (Note 18) (15,839) (482) (197,988)
Amortization of goodwill (1,179) (631) (14,738)
Loss on step acquisitions —(310) —
Loss on adoption of accounting standard for asset retirement obligations —(311) —
Loss on disaster —(608) —
Loss on funds (Note 19) —(327) —
Provision of allowance for doubtful accounts on funds (Note 20) —(2,448) —
Loss on restructuring of business (Note 21) (3,392) —(42,400)
Provision for loss on business liquidation (3,205) —(40,063)
Expenses related to restatement of prior periods (Note 22) (2,001) —(25,013)
Other, net (7,661) (7,281) (95,761)
Total (45,013) (18,441) (562,663)
Loss (income) before income taxes and minority interests (9,495) 19,938 (118,688)
Income taxes (Note 13):
Current 16,293 17,362 203,663
Deferred 22,989 (1,737) 287,362
Total 39,282 15,625 491,025
Loss (income) before minority interests (48,777) 4,313 (609,713)
Minority interests (208) (447) (2,599)
Net loss (income) ¥ (48,985) ¥ 3,866 $ (612,312)
See accompanying notes to consolidated financial statements.
OLYMPUS 󱚈 Annual Report 2012
68