Yamaha 2001 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2001 Yamaha 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 44

  • 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

Thousands of
Millions of Yen U.S. Dollars (Note 2)
2001 2000 2001
Net sales............................................................................................................... ¥519,104 ¥527,897 $4,189,701
Cost of sales......................................................................................................... 346,200 371,758 2,794,189
Gross profit ................................................................................................. 172,904 156,140 1,395,513
Selling, general and administrative expenses.......................................................... 149,902 148,057 1,209,863
Operating income....................................................................................... 23,001 8,082 185,642
Other income (expenses):
Interest and dividend income............................................................................ 1,137 957 9,177
Interest expense ................................................................................................ (3,014) (2,968) (24,326)
Sales rebates...................................................................................................... (4,391) (4,188) (35,440)
Loss on foreign exchange .................................................................................. (879) (280) (7,094)
Gain on sale of marketable and investment securities........................................ 3,152 12,247 25,440
Gain on sale or disposal of properties, net......................................................... 4,086 1,820 32,978
Equity in earnings of unconsolidated subsidiaries and affiliates......................... 2,434 4,209 19,645
Other, net (Note 7) .......................................................................................... (2,034) (67,481) (16,416)
............................................................................................................................. 491 (55,684) 3,963
Income (loss) before income taxes and minority interests........................ 23,491 (47,601) 189,596
Income taxes (benefit):
Current............................................................................................................. 2,900 2,947 23,406
Deferred ........................................................................................................... 6,826 (10,167) 55,093
......................................................................................................................... 9,726 (7,219) 78,499
Income (loss) before minority interests ......................................................... 13,765 (40,382) 111,098
Minority interests................................................................................................ 444 395 3,584
Net income (loss) ........................................................................................ ¥ 13,320 ¥ (40,777) $ 107,506
See notes to consolidated financial statements.
Consolidated Statements of Operations
YAMAHA CORPORATION and Consolidated Subsidiaries
Years ended March 31, 2001 and 2000
24