Panasonic 2003 Annual Report Download - page 42

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40 Matsushita Electric Industrial 2003
Thousands of
U.S. dollars
Millions of yen (Note 2)
2003 2002 2001 2003
(Restated—Note 3)
Revenues:
Net sales (Note 6) ................................................... ¥ 7,401,714 ¥7,073,837 ¥7,780,519 $61,680,950
Interest income ....................................................... 22,267 34,361 45,229 185,558
Dividends received .................................................. 4,506 8,219 6,884 37,550
Other income (Notes 7, 8, 17 and 18)..................... 64,677 54,146 51,809 538,975
Total revenues....................................................... 7,493,164 7,170,563 7,884,441 62,443,033
Costs and expenses:
Cost of sales (Notes 6 and 17).................................. 5,323,605 5,312,039 5,572,438 44,363,375
Selling, general and administrative expenses
(Note 17) .............................................................. 1,951,538 1,960,796 2,013,462 16,262,817
Interest expense....................................................... 32,805 45,088 48,038 273,375
Other deductions (Notes 7, 9, 17 and 18)................ 116,300 390,419 145,006 969,166
Total costs and expenses........................................ 7,424,248 7,708,342 7,778,944 61,868,733
Income (loss) before income taxes............................ 68,916 (537,779) 105,497 574,300
Provision for income taxes (Note 13):
Current ................................................................... 51,704 33,902 127,089 430,867
Deferred.................................................................. 19,572 (87,177) (72,120) 163,100
71,276 (53,275) 54,969 593,967
Income (loss) before minority interests and equity
in earnings (losses) of associated companies............ (2,360) (484,504) 50,528 (19,667)
Minority interests ........................................................ 5,505 (56,666) 21,839 45,875
Equity in earnings (losses) of associated companies
(Note 6)................................................................... (11,588) 59 12,814 (96,566)
Net income (loss) .................................................... ¥ (19,453) ¥(427,779) ¥0,041,503 $ (162,108)
U.S. dollars
Yen (Note 2)
Net income (loss) per share of common stock
(Note 16):
Basic ....................................................................... ¥ (8.70) ¥(206.09) ¥ 19.96 $ (0.07)
Diluted.................................................................... (8.70) (206.09) 19.56 (0.07)
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements of Operations
Matsushita Electric Industrial Co., Ltd. and Subsidiaries
Years ended March 31, 2003, 2002 and 2001