ANA reports consolidated financial results for 1st quarter ended June 30, 2004
London (ots)
For the first quarter ended June 30, 2004
Consolidated financial results
All Nippon Airways Co., Ltd. (9202)
ANA reports consolidated financial results for 1st quarter ended June 30, 2004
1. Basis of quarterly financial results
(1) Changes in significant accounting policies :
Certain simplified methods compared with latest financial period are applied.
Impairment of investment securities isn't applied.
Tax expenses are calculated from the yearly tax rate forecast, based on the effective statutory tax rate or effective tax rate for the most recent consolidated accounting year. Some simplified methods were used to calculate taxes consequent to the application of the consolidated tax return system.
(2) Changes of scope of consolidation and application of the
equity method :
Consolidation Equity method
----------- ----------- -----------Newly added - - Excluded 4 - ----------- ----------- -----------
2. Consolidated financial highlights for the first quarter ended June 30, 2004
(1) Summary of consolidated operating Results Yen
(Millions)
--------------- -------- ------ -------- ------ ---------
FY2004 Year on FY2003 Year on FY2003
first quarter year (%) first quarter year (%)
--------------- -------- ------ -------- ------ --------Operating revenues 297,203 14.5 259,627 - 1,217,596
Operating income (loss) 8,868 - (28,651) - 34,354
Recurring profit (loss) 5,872 - (27,368) - 33,443
Net income (loss) 2,425 - (18,324) - 24,756 --------------- -------- ------ -------- ------ -------- Note:
Year on year (%) of FY2003 first quarter isn't disclosed because the quarterly financial results of FY2002 weren't disclosed.
(2) Summary of consolidated financial positions Yen
(Millions)
-------------------- --------- --------- ---------
FY2004 FY2003 FY2003
first quarter first quarter
-------------------- --------- --------- ---------
Total assets 1,541,090 1,436,905 1,565,106Shareholders' equity 148,661 104,941 150,086
Shareholders' equity ratio 9.6% 7.3% 9.6%
-------------------- --------- --------- ---------
(3) Summary of consolidated cash flows Yen
(Millions)
-------------------- --------- --------- ---------
FY2004 FY2003 FY2003
first quarter first quarter
-------------------- --------- --------- --------Cash flows from operating activities 27,390 (17,176) 89,793
Cash flows from investing activities (24,644) (37,618) (95,882)
Cash flows from financing activities (42,745) 16,656 82,867
Cash and cash equivalents at the end of the period 194,617 119,992 234,524
3. Forecast of consolidated operating results for the period ending March 31, 2005
No revision on forecasted operating results for the period ending March 31, 2005 has been made.
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