Ricoh 2002 Annual Report Download - page 50

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1 4 . PER SHARE DATA
The following table sets forth the com putation of basic and diluted
earnings per share showing the reconciliation of the numerators and
denom inators used for the computation.
Dividends per share shown in the consolidated statements of incom e have been
presented on an accrual basis and include, in each fiscal year ended March 31,
dividends approved or to be approved after such March 31, but applicable to the
year then ended.
Average common shares outstanding, less treasury stocks
Effect of dilutive securities:
Convertible bonds—
1.8%, payable in yen, due March 2002
1.5%, payable in yen, due March 2002
0.35%, payable in yen, due March 2003
Diluted com mon shares outstanding
2 0 0 2
Thousands of shares
6 9 8 ,0 2 5
9 9 7
2 8 ,1 9 5
2 4 ,6 9 9
7 5 1 ,9 1 6
2001
692,617
1,636
33,070
24,703
752,026
2000
Thousands of
U.S. dollars
2 0 0 22 0 0 2
Millions of yen
20012000
U.S. dollars
2 0 0 22 0 0 2
Yen
20012000
691,745
1,743
33,604
24,934
752,026
Net incom e applicable to com m on shareholders
Effect of dilutive securities:
Convertible bonds—
1.8%, payable in yen, due March 2002
1.5%, payable in yen, due March 2002
0.35%, payable in yen, due March 2003
Other
Diluted net incom e
¥41,928
15
300
120
( 204)
¥42,159
¥53,228
14
295
119
( 249)
¥53,407
¥ 6 1 ,6 1 4
1 0
2 5 8
1 1 9
—
¥ 6 2 ,0 0 1
$ 4 6 3 ,2 6 3
7 5
1 ,9 4 0
8 9 5
—
$ 4 6 6 ,1 7 3
¥ 60.61
56.06
¥ 76.85
71.02
¥ 8 8 .2 7
8 2 .4 6
$ 0 .6 6
0 .6 2
Earnings per share:
Basic
Diluted
1 5 . DERIVATIVE FINANCIAL INSTRUMENTS
leveraged derivatives.
Changes in the fair value of derivative instrum ents and the related hedged
item designated as fair value hedges are included in other ( incom e) expenses on
the consolidated statements of incom e. There is no hedging ineffectiveness nor
are net gains or losses excluded from the assessm ent of hedge effectiveness for the
year ended March 31, 2002 as the critical terms of the interest rate swap match
the term s of the hedged debt obligations.
Changes in the fair value of derivative instrum ents and the related liabilities
hedged designated as cash flow hedges are included in accumulated other com-
prehensive income ( loss) on the consolidated balance sheets. These am ounts are
reclassified into earnings as interest on the hedged loans is paid. There is no
hedging ineffectiveness, nor are net gains or losses excluded from the assessment
of hedge effectiveness for the year ended March 31, 2002 as the critical term s of
the interest rate swap match the terms of the hedged debt obligations. Ricoh ex-
Ricoh enters into various derivative financial instrument contracts in the normal
course of business and in connection with the managem ent of its assets and lia-
bilities.
Ricoh conducts business on a global basis and holds assets and liabilities de-
nom inated in foreign currencies. Ricoh enters into foreign exchange contracts
and foreign currency options to hedge against the potentially adverse im pacts of
foreign currency fluctuations on these assets and liabilities denom inated in for-
eign currencies.
Ricoh enters into interest rate swap agreem ents to hedge against the potential
adverse im pacts of fair value or cash flow fluctuations on interest of its outstand-
ing debt.
Ricoh uses derivative instruments to reduce risk and protect market value of
assets and liabilities in conform ity with Ricoh’s policy. Ricoh does not use deriva-
tive financial instruments for trading or speculative purposes, nor is it a party to