Nissan 2006 Annual Report Download - page 64

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Thousands of
Millions of yen U.S. dollars (Note 3)
2005 2004 2003 2005
For the years ended Mar. 31, 2006 Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2006
Net sales ¥9,428,292 ¥8,576,277 ¥7,429,219 $80,583,692
Cost of sales (Notes 6 and 11) 7,040,987 6,351,269 5,310,172 60,179,376
Gross profit 2,387,305 2,225,008 2,119,047 20,404,316
Selling, general and administrative
expenses (Notes 6 and 11) 1,515,464 1,363,848 1,294,192 12,952,684
Operating income 871,841 861,160 824,855 7,451,632
Other income (expenses):
Interest income 17,359 14,934 10,321 148,368
Interest expense (25,646) (26,656) (27,290) (219,197)
Equity in earnings of unconsolidated
subsidiaries and affiliates 37,049 36,790 11,623 316,658
Other, net (Note 12) (91,562) (92,995) (83,012) (782,581)
(62,800) (67,927) (88,358) (536,752)
Income before income taxes and
minority interests 809,041 793,233 736,497 6,914,880
Income taxes (Note 13):
Current 274,463 179,226 137,745 2,345,838
Deferred (20,055) 78,837 81,295 (171,411)
254,408 258,063 219,040 2,174,427
Minority interests (36,583) (22,889) (13,790) (312,675)
Net income (Note 18) ¥ 518,050 ¥ 512,281 ¥ 503,667 $ 4,427,778
See notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF INCOME
Nissan Motor Co., Ltd. and Consolidated Subsidiaries
Fiscal years 2005, 2004 and 2003
Nissan Annual Report 2005
62
FINANCIAL SECTION