Honda 2007 Annual Report Download - page 74

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72
Consolidated Statements of Income
Honda Motor Co., Ltd. and Subsidiaries
U.S. dollars
Years ended March 31, 2005, 2006 and 2007
Yen (millions)
(millions) (note 2)
2005* 2006* 2007 2007
Net sales and other operating revenue (note 4) ¥8,650,105 ¥9,907,996 ¥11,087,140 $93,919
Operating costs and expenses:
Cost of sales (note 4) 6,038,172 7,010,357 7,865,142 66,626
Selling, general and administrative 1,513,259 1,656,365 1,818,272 15,402
Research and development 467,754 510,385 551,847 4,675
8,019,185 9,177,107 10,235,261 86,703
Gain on transfer of the substitutional portion of
the Employees’ Pension Funds (note 13) — 138,016 ——
Operating income 630,920 868,905 851,879 7,216
Other income (notes 1 (q) and 7):
Interest 10,696 27,363 42,364 359
Other 60,541 2,214 13,243 112
71,237 29,577 55,607 471
Other expenses (notes 1 (q) and 7):
Interest 11,655 11,902 12,912 109
Other 22,138 56,676 101,706 862
33,793 68,578 114,618 971
Income before income taxes, minority interest and
equity in income of affiliates 668,364 829,904 792,868 6,716
Income tax (benefit) expense (note 11):
Current 151,146 319,945 300,294 2,544
Deferred 115,519 (2,756) (16,448) (140)
266,665 317,189 283,846 2,404
Income before minority interest and
equity in income of affiliates 401,699 512,715 509,022 4,312
Minority interest in income of consolidated subsidiaries (11,559) (15,287) (20,117) (170)
Equity in income of affiliates (note 6) 96,057 99,605 103,417 876
Net income ¥6,486,197 ¥6,597,033 ¥6,592,322 $05,018
U.S. dollars
Yen (note 2)
2005 2006 2007 2007
Basic net income per common share (note 1 (o)) ¥0,0260.34.¥0,0324.33.¥0,0324.62.$002.75.
See accompanying notes to consolidated financial statements.
* See note 3.