Pioneer 2011 Annual Report Download - page 28

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Pioneer Corporation Annual Report 2011
26
Consolidated Statements of Operations
Pioneer Corporation and Subsidiaries
Years ended March 31, 2011 and 2010
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
2011 2010 2011
Net Sales ¥ 457,545 ¥ 438,998 $ 5,512,590
Cost of Sales 356,449 366,165 4,294,566
Gross profit 101,096 72,833 1,218,024
Selling, General and Administrative Expenses (Notes 12 and 13) 85,279 90,347 1,027,458
Operating income (loss) 15,817 (17,514) 190,566
Other Income (Expenses):
Interest and dividend income 589 978 7,096
Interest expense (3,488) (3,302) (42,024)
Gain on sale and disposal of property, plant and equipment—net 5,353 3,279 64,494
Loss on impairment of property, plant and equipment (Note 5) (1,324) (7,932) (15,952)
Exchange gain (loss) 645 (2,850) 7,771
Gain on sale of investment securities—net (Note 3) 522 1,657 6,289
Loss on impairment of investment securities — (327) —
Restructuring costs (Note 14) — (21,875) —
Loss on adjustment for changes of
accounting standard for asset retirement obligations (359) — (4,325)
Others—net 175 (1,644) 2,109
Other income (expenses)—net 2,113 (32,016) 25,458
Income (loss) before income taxes and minority interests 17,930 (49,530) 216,024
Income Taxes (Note 11):
Current 3,524 4,715 42,458
Deferred 3,633 3,729 43,771
Total income taxes 7,157 8,444 86,229
Net income before minority interests 10,773 (57,974) 129,795
Minority Interests 423 302 5,096
Net income (loss) ¥ 10,350 ¥ (58,276) $ 124,699
Yen U.S. Dollars
Per Share of Common Stock (Note 17):
Basic net income (loss) ¥ 32.24 ¥ (272.70) $ 0.39
Diluted net income 29.08 — 0.35
Cash dividends, applicable to the year — — —
See notes to consolidated financial statements.
Consolidated Statement of Comprehensive Loss
Pioneer Corporation and Subsidiaries
Year ended March 31, 2011
Thousands of
Millions of Yen U.S. Dollars
2011 2011
Net Income Before Minority Interests ¥ 10,773 $ 129,795
Other Comprehensive Income (Loss) (Note 18):
Unrealized loss on available-for-sale securities (3,691) (44,470)
Deferred loss on derivatives under hedge accounting (26) (313)
Foreign currency translation adjustments (9,380) (113,012)
Share of other comprehensive loss in associates (84) (1,012)
Pension adjustments recognized by foreign consolidated subsidiaries 525 6,325
Total other comprehensive loss (12,656) (152,482)
Comprehensive loss (Note 18) ¥ (1,883) $ (22,687)
Total comprehensive income (loss) attributable to (Note 18):
Owners of the parent ¥ (2,145) $ (25,843)
Minority interests 262 3,156
See notes to consolidated financial statements.