Mitsubishi 2003 Annual Report Download - page 48

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46
ANNUAL REPORT 2003 POWER TO CHANGE
CONSOLIDATED STATEMENTS OF OPERATIONS
Mitsubishi Motors Corporation and Consolidated Subsidiaries
Years ended March 31, 2003 and 2002
(In thousands of
U.S. dollars)
(In millions of yen) (Note 4)
2003 2002 2003
Net sales ¥3,884,874 ¥3,200,699 $32,320,083
Cost of sales 3,162,011 2,639,181 26,306,248
Reversal of deferred profit on installment sales 167 233 1,389
Gross profit 723,029 561,751 6,015,216
Selling, general and administrative expenses 640,268 521,523 5,326,689
Operating profit 82,761 40,227 688,527
Interest and dividend income 10,155 10,767 84,484
Interest expense 36,710 32,609 305,408
Other, net (Note 12) (14,000) (50,262) (116,473)
Gain (loss) before income taxes and minority interests 42,206 (31,875) 351,131
Income taxes (Note 13):
Current 22,167 9,892 184,418
Deferred (19,121) (52,547) (159,077)
3,045 (42,654) 25,333
Minority interests 1,798 (477) 14,958
Net income (Note 15) ¥ 37,361 ¥ 11,256 $ 310,824
See accompanying notes to consolidated financial statements.