Olympus 2013 Annual Report Download - page 36

68 OLYMPUS Annual Report 2013 69OLYMPUS Annual Report 2013
Millions of yen
Thousands of
U.S. dollars (Note 1)
2011
As restated
(Note 1)
2012 2013 2013
Income (loss) before minority interests ¥ 4,313 ¥(48,777) ¥ 8,242 $ 87,681
Other comprehensive income (Note 33):
Net unrealized holding gains (losses) on
available-for-sale securities, net of taxes (1,467) (3,396) 3,165 33,670
Net unrealized gains (losses) on hedging derivatives, net of taxes (233) (510) 1,288 13,702
Foreign currency translation adjustments (29,013) (6,858) 44,145 469,628
Pension liability adjustments of foreign subsidiaries 481 (3,447) (1,956) (20,809)
Changes in share of other comprehensive income of affi liates (206) — ——
Share of other comprehensive income of affi liates (6) (2) 5 53
Total other comprehensive income (30,445) (14,213) 46,647 496,244
Comprehensive income ¥(26,131) ¥(62,990) ¥54,889 $583,925
Total comprehensive income attributable to:
Shareholders of Olympus Corporation ¥(26,884) ¥(63,203) ¥54,556 $580,382
Minority interests ¥ 753 ¥ 213 ¥ 333 $ 3,543
See accompanying notes to consolidated fi nancial statements.
Millions of yen
Thousands of
U.S. dollars (Note 1)
2011
As restated
(Note 1)
2012 2013 2013
Net sales ¥847,105 ¥848,548 ¥743,851 $7,913,309
Cost of sales (Note 7) 459,420 464,743 365,653 3,889,926
Gross profi t 387,685 383,805 378,198 4,023,383
Selling, general and administrative expenses (Note 18) 349,306 348,287 343,121 3,650,223
Operating income 38,379 35,518 35,077 373,160
Other income (expenses):
Interest expense, net (11,913) (13,167) (12,940) (137,660)
Gain (loss) on available-for-sale securities, net (2,346) 1,163 999 10,628
Foreign currency exchange gain (loss), net 2,615 162 (1,954) (20,787)
Equity in earnings of affi liates, net 574 144 22 234
Reversal of provision for loss on restructuring of business — — 1,348 14,340
Gain on sales of fi xed assets — — 1,316 14,000
Gain (loss) on sales of investment securities
in subsidiaries and affi liates, net (77) (38) 20,027 213,053
Commission fee for contract modifi cation (Note 1) — — (3,392) (36,085)
Gain on transfer of business 2,696 — — —
Amortization of negative goodwill 2,408 — ——
Impairment loss on fi xed assets (Note 19) (482) (15,839) (7,600) (80,851)
Write-off of previously recorded of goodwill (Note 20) (631) (1,179) ——
Loss on step acquisitions (310) — — —
Loss on adoption of accounting standard
for asset retirement obligations (Note 2) (311) — — —
Loss on natural disaster (608) — — —
Loss on funds (Note 21) (327) — — —
Provision of allowance for doubtful accounts on Funds (Note 22) (2,448) — — —
Loss on restructuring of businesses (Note 23) — (3,392) (2,947) (31,351)
Provision for loss on business liquidation — (3,205) — —
Expenses related to restatement of prior periods (Note 24) — (2,001) — —
Extra severance payments for voluntary retirement (Note 25) — — (1,336) (14,213)
Soil improvement cost — — (187) (1,989)
Settlement package (Note 26) — — (1,231) (13,096)
Other, net (7,281) (7,661) (8,060) (85,745)
Total (18,441) (45,013) (15,935) (169,522)
Income (loss) before income taxes and minority interests 19,938 (9,495) 19,142 203,638
Income taxes (Note 14):
Current 17,362 16,293 15,838 168,489
Deferred (1,737) 22,989 (4,938) (52,532)
Total 15,625 39,282 10,900 115,957
Income (loss) before minority interests 4,313 (48,777) 8,242 87,681
Minority interests (447) (208) (222) (2,362)
Net income (loss) ¥ 3,866 ¥ (48,985) ¥ 8,020 $ 85,319
See accompanying notes to consolidated fi nancial statements.
Consolidated Statements of Operations
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2011, 2012 and 2013
Consolidated Statements of Comprehensive Income
Olympus Corporation and Consolidated Subsidiaries
For the years ended March 31, 2011, 2012 and 2013