Mitsubishi 2011 Annual Report Download - page 40

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Consolidated Statements of Income
Mitsubishi Motors Corporation and Consolidated Subsidiaries
For the years ended March 31, 2011 and 2010
In millions of yen
In thousands of
U.S. dollars (Note 3)
2011 2010 2011
Net sales ¥1,828,497 ¥1,445,616 $21,990,353
Cost of sales 1,538,879 1,211,635 18,507,275
Gross profit 289,617 233,980 3,483,077
Selling, general and administrative expenses (Note 11) 249,343 220,060 2,998,715
Operating income 40,274 13,920 484,362
Interest and dividends income 2,414 2,111 29,033
Interest expenses 13,215 13,403 158,935
Other gain (loss), net (Notes 6 and 12) 948 8,963 11,409
Income (loss) before income taxes and minority interests 30,422 11,591 365,869
Income taxes (Note 19):
Current 13,693 3,140 164,679
Deferred (2,354) 1,150 (28,314)
11,338 4,290 136,365
Income (loss) before minority interests 19,083 7,300 229,504
Minority interests in income 3,462 2,542 41,636
Net income (loss) (Note 24) ¥ 15,621 ¥ 4,758 $ 187,867
See accompanying notes to consolidated financial statements.
MITSUBISHI MOTORS CORPORATION
Annual Report 2011
38