|
 |
Annual Report 2006
Consolidated Statements of Income
NSK Ltd. and Subsidiaries
| |
|
Millions of yen |
Thousands of
U.S. dollars (Note 2) |
| Year ended March 31, |
2006 |
2005 |
2006 |
| Net sales |
¥628,474 |
¥580,989 |
$5,371,573 |
| Cost of sales (Note 12) |
487,717 |
450,305 |
4,168,521 |
| Gross profit |
140,757 |
130,683 |
1,203,051 |
| Selling, general and administrative expenses (Note 12) |
98,204 |
92,400 |
839,350 |
| Operating income |
42,552 |
38,283 |
363,692 |
| |
|
|
|
| Other income (expenses): |
|
|
|
| Interest and dividend income |
1,795 |
1,406 |
15,342 |
| Interest expense |
(4,566) |
(5,005) |
(39,026) |
| Loss on devaluation of investment securities |
- |
(81) |
- |
| Equity in earnings of affiliated companies |
3,727 |
3,078 |
31,855 |
| Loss on disposal of inventories |
(2,446) |
(1,639) |
(20,906) |
| Gain on sales of investment securities |
5,879 |
1,304 |
50,248 |
| Gain on sales of property, plant and equipment |
1,681 |
- |
14,368 |
| Loss on sales of investments in affiliated companies |
- |
(157) |
- |
| Loss on disposal of property, plant and equipment |
- |
(193) |
- |
| Gain on partial termination of defined benefit plans (Note 10) |
- |
1,059 |
- |
| Cost related to business restructuring |
(2,499) |
- |
(21,359) |
| Cost related to environmental safety measures |
(909) |
- |
(7,769) |
| Other, net |
(2,145) |
(3,022) |
(18,333) |
| |
516 |
(3,251) |
4,410 |
| |
|
|
|
| Income before income taxes and minority interests |
43,068 |
35,031 |
368,103 |
| Income taxes (Note 7): |
|
|
|
| Current |
11,925 |
8,890 |
101,923 |
| Deferred |
4,486 |
2,711 |
38,342 |
| |
16,412 |
11,601 |
140,274 |
| |
|
|
|
| Minority interests in earnings of consolidated subsidiaries |
1,069 |
1,080 |
9,137 |
| Net income (Note 16) |
¥25,586 |
¥22,349 |
$218,684 |
The accompanying notes are an integral part of these statements.
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