Mitsubishi 2006 Annual Report Download - page 56

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54 MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
Consolidated Statements of Operations
Mitsubishi Motors Corporation and Consolidated Subsidiaries
For the years ended March 31, 2006 and 2005
In thousands of
U.S. dollars
In millions of yen (Note 5)
2006 2005 2006
Net sales ¥2,120,068 ¥2,122,626 $18,047,741
Cost of sales 1,700,524 1,808,110 14,476,242
Reversal of deferred profit on installment sales, net 016 0
Gross profit 419,544 314,532 3,571,499
Selling, general and administrative expenses (Note 14) 412,760 443,076 3,513,750
Operating income (loss) 6,783 (128,544) 57,748
Interest and dividend income 5,105 7,920 43,462
Interest expense 19,580 25,601 166,689
Loss on impairment of fixed assets (45,084) (84,376) (383,796)
Other loss, net (Notes 9 and 15) (29,969) (230,304) (255,125)
Loss before income taxes and minority interest (82,745) (460,906) (704,400)
Income taxes (Note 20):
Current 7,351 4,016 62,580
Deferred 558 15,745 4,751
(7,909) (19,761) (67,331)
Minority interest 1,511 (5,882) 12,864
Net loss (Note 23) ¥ (92,166) ¥ (474,785) $ (784,596)
See accompanying notes to consolidated financial statements.
Consolidated Statements of Operations