Pioneer 2012 Annual Report Download - page 28

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Consolidated Statement of Income
Pioneer Corporation and Subsidiaries
Year ended March 31, 2012
Consolidated Statement of Comprehensive Loss
Pioneer Corporation and Subsidiaries
Year ended March 31, 2012
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2012 2011 2012
Net Sales ¥436,753 ¥457,545 $5,326,256
Cost of Sales 343,244 356,449 4,185,902
Gross profit 93,509 101,096 1,140,354
Selling, General and Administrative Expenses (Notes 11 and 12) 80,995 85,279 987,744
Operating income 12,514 15,817 152,610
Other Income (Expenses):
Interest and dividend income 432 589 5,268
Interest expense (2,886) (3,488) (35,195)
Borrowing fee (674) (208) (8,220)
Gain (loss) on sale and disposal of property, plant and equipment—net (668) 5,353 (8,146)
Loss on impairment of property, plant and equipment (Note 5) (510) (1,324) (6,220)
Exchange gain 1,176 645 14,342
(Loss) gain on sale of investment securities—net (Note 3) (13) 522 (159)
Gain on sales of subsidiary's stock 455 -5,549
Insurance income for disaster (Note 13) 10,062 -122,707
Loss on disaster (Note 13) (9,328) -(113,756)
Loss on transfer of retirement benefit plan (3,908) -(47,659)
Loss on adjustment for changes of
accounting standard for asset retirement obligations -(359) -
Others—net (749) 383 (9,133)
Other income (expenses)—net (6,611) 2,113 (80,622)
Income before income taxes and minority interests 5,903 17,930 71,988
Income Taxes (Note 10):
Current 4,389 3,524 53,525
Deferred (2,740) 3,633 (33,415)
Total income taxes 1,649 7,157 20,110
Net income before minority interests 4,254 10,773 51,878
Minority Interests 584 423 7,122
Net income ¥ 3,670 ¥ 10,350 $ 44,756
Yen U.S. Dollars
Per Share of Common Stock (Note 17):
Basic net income ¥11.43 ¥32.24 $0.14
Diluted net income - 29.08 -
Cash dividends, applicable to the year - - -
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2012 2011 2012
Net Income Before Minority Interests ¥ 4,254 ¥ 10,773 $ 51,878
Other Comprehensive Loss (Note 16):
Unrealized loss on available-for-sale securities (2,270) (3,691) (27,683)
Deferred loss on derivatives under hedge accounting (79) (26) (963)
Foreign currency translation adjustments (1,290) (9,380) (15,732)
Share of other comprehensive loss in associates (51) (84) (622)
Pension adjustments recognized by foreign consolidated subsidiaries (775) 525 (9,451)
Total other comprehensive loss (4,465) (12,656) (54,451)
Comprehensive loss ¥ (211) ¥ (1,883) $ (2,573)
Total comprehensive income (loss) attributable to:
Owners of the parent ¥ (901) ¥ (2,145) $(10,988)
Minority interests 690 262 8,415
See notes to consolidated financial statements.
See notes to consolidated financial statements.
26 Pioneer Corporation Annual Report 2012