From the Olympus Website--A little better translation than DPReview

Started Feb 14, 2013 | Discussions thread
John King
John King Forum Pro • Posts: 14,941
Re: Craig, we have the actual figures - but do "we" understand what they mean?

rovingtim wrote:

Craig from Nevada wrote:

Lets assume world digital camera sales are above 115 million cameras

73 million

That looked very like it was the figure for the quarter to me, but I could have been mistaken ...

Let's assume Olympus has market share of about 10 percent or about sales of 11.5 million

7% ... or 4.8 million

Lets assume Olympus Imaging loses $170 million this year on cameras only, but breaks even on lenses and accessories.

Olympus is losing almost $15 on each camera it sells.

Oly's camera division losses doubled from last year.

Once again. Is it the 20th time in the last week? These are carry forward losses and liabilities. Not provision for non-current (future) losses or liabilities. Not trading losses from the current year (they made a trading profit ... IIRC ... ).

This is from the link I posted earlier.

Isn't it amazing how everyone with a simple cash book program on their computer is suddenly a high-flying corporate accountant/financial controller?

Hands up everyone who holds an accounting degree, membership of their professional accounting body, and a practising certificate ... ROTFL ...

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