Pioneer 2010 Annual Report Download - page 28

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Consolidated Statements of Operations
Pioneer Corporation and Subsidiaries
Years ended March 31, 2010 and 2009
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2010 2009 2010
Net Sales ¥438,998 ¥ 558,837 $4,720,408
Cost of Sales 366,165 477,965 3,937,258
Gross profit 72,833 80,872 783,150
Selling, General and Administrative Expenses (Notes 12 and 13) 90,347 135,401 971,473
Operating loss (17,514) (54,529) (188,323)
Other Income (Expenses):
Interest and dividend income 978 3,696 10,516
Interest expense (3,302) (2,840) (35,506)
Gain (loss) on sale and disposal of property, plant and equipment—net 3,279 (1,895) 35,258
Loss on impairment of property, plant and equipment (Note 5) (7,932) (4,132) (85,290)
Exchange loss (2,850) (243) (30,645)
Gain on sale of investment securities—net (Note 3) 1,657 11 17,817
Loss on impairment of investment securities (327) (14,871) (3,516)
Restructuring costs (Note 14) (21,875) (24,744) (235,215)
Others—net (1,644) (392) (17,677)
Other expenses—net (32,016) (45,410) (344,258)
Loss before income taxes and minority interests (49,530) (99,939) (532,581)
Income Taxes (Note 11):
Current 4,715 4,805 50,699
Deferred 3,729 25,620 40,097
Total income taxes 8,444 30,425 90,796
Minority Interests 302 165 3,247
Net loss ¥ (58,276) ¥(130,529) $ (626,624)
Yen U.S. Dollars
Per Share of Common Stock (Note 17):
Basic net loss ¥(272.70) ¥(636.68) $(2.93)
Cash dividends, applicable to the year –––
See notes to consolidated financial statements.
26
PIONEER CORPORATION Annual Report 2010