Sharp 2014 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2014 Sharp annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 75

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75

40 SHARP CORPORATION
Financial Section
Consolidated Statements of Operations
Sharp Corporation and Consolidated Subsidiaries for the Years Ended March 31, 2012, 2013 and 2014
Yen
(millions)
U.S. Dollars
(thousands)
2012 2013 2014 2014
Net Sales ¥ 2,455,850 ¥ 2,478,586 ¥ 2,927,186 $ 28,697,902
Cost of Sales 2,043,842 2,218,003 2,396,344 23,493,569
Gross profit 412,008 260,583 530,842 5,204,333
Selling, General and Administrative Expenses 449,560 406,849 422,282 4,140,019
Operating income (loss) (37,552) (146,266) 108,560 1,064,314
Other Income (Expenses):
Interest and dividends income 2,730 2,278 2,388 23,412
Interest expenses (8,646) (13,170) (20,726) (203,196)
Subsidy income 10,000 — — —
Impairment loss (Note 13) (6,656) (47,396) (11,770) (115,392)
Loss on valuation of investment securities — (3,782) (2,162) (21,196)
Loss on sales of stocks of subsidiaries and affiliates — (3,583) — —
Loss on quality compensation (11,500) — — —
Loss on suspension of large size LCD plant operation (Note 14) (25,887) — — —
Restructuring charges (Note 15) (117,110) (143,397) — —
Settlement package (18,857) (17,899) (67) (657)
Provision for loss on litigation — (32,321) (1,135) (11,128)
Loss on charge in equity — (705) — —
Other, net (24,951) (59,946) (29,118) (285,471)
(200,877) (319,921) (62,590) (613,628)
Income (loss) before income taxes and minority interests (238,429) (466,187) 45,970 450,686
Income Taxes (Note 4):
Current 19,617 17,607 38,962 381,980
Deferred 115,523 59,972 (5,980) (58,627)
135,140 77,579 32,982 323,353
Income (loss) before minority interests (373,569) (543,766) 12,988 127,333
Minority Interests in Income of Consolidated Subsidiaries (2,507) (1,581) (1,429) (14,010)
Net income (loss) ¥ (376,076) ¥ (545,347) ¥ 11,559 $ 113,323
Yen U.S. Dollars
2012 2013 2014 2014
Per Share of Common Stock (Note 8):
Net income (loss) ¥ (341.78) ¥ (489.83) ¥ 8.09 $ 0.08
Diluted net income — — 7.87 0.08
Cash dividends 10.00 0.00 0.00 0.00
The accompanying notes to the consolidated financial statements are an integral part of these statements.
Diluted net loss per share computation for the years ended March 31, 2012 and 2013 are not presented since net loss were recorded.