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Consolidated statement of income (China JV Equity basis)
(Millions of yen)
FY2012
(From April 1, 2012
to March 31, 2013)
FY2013
(From April 1, 2013
to March 31, 2014)
Net sales 8,737,320 10,482,520
Cost of sales 7,289,987 8,636,063
Gross profit 1,447,333 1,846,457
Selling, general and administrative expenses
Advertising expenses 214,076 289,098
Service costs 50,671 100,255
Provision for warranty costs 68,363 107,480
Other selling expenses 129,337 204,953
Salaries and wages 311,139 354,908
Retirement benefit expenses 11,306 25,174
Supplies 3,581 3,637
Depreciation and amortization 46,031 43,515
Provision for doubtful accounts 6,248 31,869
Amortization of goodwill 2,104 1,814
Other 165,654 185,389
Total selling, general and administrative expenses 1, 008, 510 1, 348, 092
Operating income 438, 823 498, 365
Non-operating income
Interest income 11,276 17,064
Dividends income 4,672 6,013
Equity in earnings of affiliates 80,186 78,815
Exchange gain 19,092 ―
Miscellaneous income 8,796 9,254
Total non-operating income 124, 022 111, 146
Non-operating expenses
Interest expense 26,312 28,677
Amortization of net retirement benefit obligation at transition 9,947 9,075
Derivative loss 6,359 18,166
Exchange loss ―13,063
Miscellaneous expenses 15,806 13,341
Total non-operating expenses 58, 424 82, 322
Ordinary income 504, 421 527, 189
(Millions of yen)
FY2012
(From April 1, 2012
to March 31, 2013)
FY2013
(From April 1, 2013
to March 31, 2014)
Special gains
Gain on sales of fixed assets 10,775 9,168
Gain on sales of investment securities 1,549 3,774
Gain on contribution of securities to retirement benefit trust ―12,175
Other 2,945 2,011
Total special gains 15,269 27,128
Special losses
Loss on sales of fixed assets 1,020 1,694
Loss on disposal of fixed assets 8,247 11,456
Impairment loss 12,280 2,130
Special addition to retirement benefits 789 4,744
Other 10,021 4,915
Total special losses 32,357 24,939
Income before income taxes and minority interests 487,333 529,378
Income taxes-current 86,065 131,990
Income taxes-deferred 38,229 (16,939)
Total income taxes 124,294 115,051
Income before minority interests 363,039 414,327
Income attributable to minority interests 21,922 25,293
Net income 341,117 389,034
30
NISSAN MOTOR CORPORATION ANNUAL REPORT 2014
PERFORMANCE
CONTENTS
CORPORATE FACE TIME
CEO MESSAGE
EXECUTIVE PROFILE
NISSAN POWER 88
CORPORATE GOVERNANCE