Annual Report 2007 - Komatsu

Consolidated Statements of Income
Komatsu Ltd. and Consolidated Subsidiaries
Years ended March 31, 2007, 2006 and 2005
Thousands of
U.S. dollars
Millions of yen (Note 1)
2007 2006 2005 2007
(Note 1) (Note 1)
Net sales (Notes 1 and 8) ¥1,893,343 ¥1,612,140 ¥1,356,071 $16,045,280
Cost of sales (Notes 17 and 24) 1,356,511 1,185,240 1,009,859 11,495,856
Selling, general and administrative expenses (Notes 17 and 24) 287,086 262,399 252,011 2,432,933
Impairment loss on long-lived assets held for use (Note 1) 81 4,791 4,200 686
Impairment loss on goodwill (Note 1 and 11) — 3,041 — —
Other operating income (expenses) (Note 24) (4,924) 6,759 5,861 (41,729)
Operating income 244,741 163,428 95,862 2,074,076
Other income (expenses) (Note 24) (8,250) (7,649) (3,993) (69,915)
Interest and dividend income 8,532 6,824 5,138 72,305
Interest expense (15,485) (12,208) (10,611) (131,229)
Other–net (1,297) (2,265) 1,480 (10,991)
Income from continuing operations before income taxes,
minority interests and equity in earnings of
affiliated companies 236,491 155,779 91,869 2,004,161
Income taxes (Notes 1 and 16)
Current 76,102 45,751 16,056 644,932
Deferred 3,643 (1,781) 18,229 30,873
Total 79,745 43,970 34,285 675,805
Income from continuing operations before minority interests
and equity in earnings of affiliated companies 156,746 111,809 57,584 1,328,356
Minority interests in income of consolidated subsidiaries (6,580) (5,335) (2,603) (55,763)
Equity in earnings of affiliated companies 3,098 2,667 887 26,254
Income from continuing operations 153,264 109,141 55,868 1,298,847
Income from discontinued operations less applicable income
taxes, minority interests and equity in earnings of
affiliated companies (Note 4) 11,374 5,149 3,142 96,390
Net income ¥ 164,638 ¥ 114,290 ¥ 59,010 $ 1,395,237
Yen
U.S. cents
Per share data (Notes 1 and 18):
Income from continuing operations:
Basic ¥ 154.25 ¥ 109.94 ¥ 56.34 ¢ 130.72
Diluted 153.97 109.75 56.30 130.48
Income from discontinued operations:
Basic 11.45 5.19 3.17 9.70
Diluted 11.43 5.18 3.17 9.69
Net income:
Basic 165.70 115.13 59.51 140.42
Diluted 165.40 114.93 59.47 140.17
Cash dividends per share (Note 1) 23.00 14.00 9.00 19.49
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
52 Annual Report 2007