REXON
INDUSTRIAL CORP., LTD.
Income Statements
Years ended December
31, 1996 and 1995
(expressed in thousands of New
Taiwan dollars,except earnings per share)
|
1996
|
1995 |
|
Amount
|
% |
Amount
|
% |
Sales |
2,456,295
|
100 |
2,359,047 |
100 |
Less:sales
returns and allowance |
4,945 |
- |
11,389 |
- |
Net sales |
2,451,350
|
100 |
2,347,658
|
100
|
Cost
of goods sold |
2,094,883 |
85 |
2,024,220 |
86 |
Gross profit |
356,467 |
18
|
291,901 |
14
|
Operating
expenses: |
|
|
|
|
Selling expenses |
89,821
|
4
|
92,671
|
3
|
General and administrative
expenses |
82,521
|
3
|
80,837
|
5
|
Research and development
expenses |
48,288 |
2 |
50,838 |
2 |
|
220,630 |
9 |
224,346 |
10 |
Operating
income |
135,837 |
6 |
99,092 |
4 |
Other
income (expenses): |
|
|
|
|
Interest income |
19,512
|
1 |
16,910 |
1 |
Interest expense, after capitalization
of interest amounting to $1,087
thousands in1996 and $1,207 thousands
in 1995 |
-63,677
|
-3 |
-71,005
|
-3
|
Gain (loss) on
disposal
of property, plant and equipment |
-247
|
-
|
2,508 |
-
|
Income (loss) on
investments, net |
-2,028
|
- |
-1,951 |
- |
Gain (loss) from foreign exchange,
net |
-7,240
|
-
|
-16,144 |
-1 |
Other,
net |
13,457 |
- |
30,935 |
1 |
|
-40,403 |
-2 |
-38,474 |
-2 |
Income
before income tax |
95,434
|
4 |
60,345 |
2 |
Less
: income tax expense
(benefit) |
14,660 |
1 |
-16,504 |
-1 |
Net
income |
80,774 |
3 |
76,849 |
3 |
|
|
|
|
|
Earnings
per share |
1.01 |
|
1.14 |
|
|
|
|
|
|
Retroactively
adjusted earnings per share |
|
