Konica Minolta 2003 Annual Report Download - page 45

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KONICA M INOLTA HOLDINGS, INC. 2 0 0 3
Pag e 43
Consolidated Statem ents of Operatio ns
Minolta Co., Ltd. and Consolidated Subsidiaries
Years ended March 31, 2003 and 2002
Thousands of
Millions of yen U.S. dollars
2003 2002 2003
Net Sales ¥528,155 ¥510,862 $4,401,292
Cost of Sales 293,076 300,585 2,442,300
Gross profit 235,079 210,277 1,958,992
Selling , General and Administrative Expenses 200,696 206,327 1,672,467
Operating income 34,383 3,950 286,525
Other Income (Expenses):
Interest and dividend income 714 669 5,950
Interest expense (7,075) (8,302) (58,958)
Gain on return of substitutional portion of employee welfare pension
fund plan 2,633 — 21,942
Loss on valuation of investments in securities (6,448) (13,983) (53,733)
Extraordinary amortization of goodwill on consolidation —(3,307) —
Special retirement benefits —(5,236) —
Other, net (8,891) (7,360) (74,093)
(19,067) (37,519) (158,892)
Income (loss) before income taxes and minority interests 15,316 (33,569) 127,633
Income Taxes:
Current 2,977 1,799 24,808
Deferred 70 (590) 584
3,047 1,209 25,392
Income (loss) before minority interests 12,269 (34,778) 102,241
Minority Interests 427 428 3,559
Net income (loss) ¥ 12,696 ¥ (34,350) $ 105,800