UNIQLO Operations - TextilWirtschaft

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