Nissan 2004 Annual Report Download - page 54

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Nissan Annual Report 2003
52
Thousands of
Millions of yen U.S. dollars(Note 3)
2003 2002 2001 2003
For the years ended Mar. 31, 2004 Mar. 31, 2003 Mar. 31, 2002 Mar. 31, 2004
Net sales ¥7,429,219 ¥6,828,588 ¥6,196,241 $70,086,972
Cost of sales(Notes 6 and 11) 5,310,172 4,872,324 4,546,526 50,095,962
Gross profit 2,119,047 1,956,264 1,649,715 19,991,010
Selling, general and administrative
expenses(Notes 6 and 11) 1,294,192 1,219,034 1,160,500 12,209,359
Operating income 824,855 737,230 489,215 7,781,651
Other income (expenses):
Interest income 10,321 7,566 12,250 97,368
Interest expense (27,290) (25,060) (34,267) (257,453)
Equity in earnings of unconsolidated
subsidiaries and affiliates 11,623 11,395 921 109,651
Other, net(Note 12) (83,012) (36,507) (103,903) (783,132)
(88,358) (42,606) (124,999) (833,566)
Income before income taxes and
minority interests 736,497 694,624 364,216 6,948,085
Income taxes(Note 13):
Current 137,745 113,185 87,446 1,299,481
Deferred 81,295 85,513 (102,148) 766,934
219,040 198,698 (14,702) 2,066,415
Minority interests (13,790) (761) (6,656) (130,095)
Net income (Note 18) ¥ 503,667 ¥ 495,165 ¥ 372,262 $ 4,751,575
See notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF INCOME
Nissan Motor Co., Ltd. and Consolidated Subsidiaries
Fiscal years 2003, 2002 and 2001