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Consolidated statement of income (China JV Equity basis)
(Millions of yen)
FY2013
(From April 1, 2013
to March 31, 2014)
FY2014
(From April 1, 2014
to March 31, 2015)
Net sales 10,482,520 11,375,207
Cost of sales 8,636,063 9,241,341
Gross profit 1,846,457 2,133,866
Selling, general and administrative expenses
Advertising expenses 289,098 336,792
Service costs 100,255 93,606
Provision for warranty costs 107,480 133,567
Other selling expenses 204,953 255,044
Salaries and wages 354,908 392,969
Retirement benefit expenses 25,174 17,511
Supplies 3,637 4,222
Depreciation and amortization 43,515 44,826
Provision for doubtful accounts 31,869 52,079
Amortization of goodwill 1,814 1,837
Other 185,389 211,852
Total selling, general and administrative expenses 1,348,092 1,544,305
Operating income 498,365 589,561
Non-operating income
Interest income 17,064 25,323
Dividends income 6,013 6,425
Equity in earnings of affiliates 78,815 106,513
Exchange gain ―66,185
Miscellaneous income 9,254 17,813
Total non-operating income 111,146 222,259
Non-operating expenses
Interest expense 28,677 29,167
Derivative loss 18,166 58,379
Exchange loss 13,063 ―
Amortization of net retirement benefit obligation at transition 9,075 9,098
Miscellaneous expenses 13,341 20,944
Total non-operating expenses 82,322 117,588
Ordinary income 527,189 694,232
(Millions of yen)
FY2013
(From April 1, 2013
to March 31, 2014)
FY2014
(From April 1, 2014
to March 31, 2015)
Special gains
Gain on sales of fixed assets 9,168 20,008
Gain on contribution of securities to retirement benefit trust 12,175 17,725
Other 5,785 6,169
Total special gains 27,128 43,902
Special losses
Loss on sales of fixed assets 1,694 3,299
Loss on disposal of fixed assets 11,456 17,069
Impairment loss 2,130 16,103
Other 9,659 14,242
Total special losses 24,939 50,713
Income before income taxes and minority interests 529,378 687,421
Income taxes-current 131,990 224,010
Income taxes-deferred (16,939) (26,686)
Total income taxes 115,051 197,324
Income before minority interests 414,327 490,097
Income attributable to minority interests 25,293 32,523
Net income 389,034 457,574
17
NISSAN MOTOR CORPORATION ANNUAL REPORT 2015
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