UNIQLO Operations - TextilWirtschaft
UNIQLO Operations - TextilWirtschaft
UNIQLO Operations - TextilWirtschaft
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Consolidated Statements of Income<br />
FAST RETAILING CO., LTD. and consolidated subsidiaries<br />
For the Years Ended August 31, 2007, 2006 and 2005<br />
Thousands of<br />
Millions of Yen U.S. Dollars (note 1)<br />
2007 2006 2005 2007<br />
Net sales ¥525,203 ¥448,819 ¥383,973 $4,524,882<br />
Cost of sales 276,808 236,401 213,683 2,384,837<br />
Gross profit 248,395 212,418 170,290 2,140,045<br />
Selling, general and administrative expenses (note 13) 183,432 142,063 113,598 1,580,357<br />
Operating income 64,963 70,355 56,692 559,688<br />
Other income (expenses):<br />
Interest and dividend income<br />
Equity in income (losses) of affiliates accounted<br />
1,314 1,045 790 11,321<br />
for under equity method, net (2,078) 274 1,086 (17,903)<br />
Foreign currency exchange gain 1,884 1,805 374 16,232<br />
Gain on sales of investments in securities 98 578 — 844<br />
Interest expenses (1,775) (854) (344) (15,292)<br />
Gain on change in shares of an affiliated company — — 2,612 —<br />
Gain on forgiveness of subsidiary debt — 837 3,212 —<br />
Gain on sales of fixed assets 1,409 — — 12,139<br />
Reversal of allowance for doubtful accounts 209 203 — 1,801<br />
Loss on revaluation of inventories — — (1,599) —<br />
Loss on disposal of fixed assets (650) (861) (244) (5,600)<br />
Impairment loss (note 14) (2,118) (228) — (18,248)<br />
Loss on closure of stores (467) (193) (351) (4,023)<br />
Loss on termination of leases — (202) — —<br />
Amortization of consolidation adjustment account — — (4,236) —<br />
Other, net (76) (7) 23 (655)<br />
Total (2,250) 2,397 1,323 (19,384)<br />
Income before income taxes and minority interests 62,713 72,752 58,015 540,304<br />
Income taxes (note 5):<br />
Current 31,145 32,613 23,411 268,329<br />
Deferred (371) (1,680) 647 (3,196)<br />
Total 30,774 30,933 24,058 265,133<br />
Minority interests 164 1,382 73 1,413<br />
Net income ¥031,775 ¥040,437 ¥033,884 $0,273,757<br />
See accompanying notes to consolidated financial statements.<br />
54<br />
FAST RETAILING ANNUAL REPORT 2007