Panasonic 2003 Annual Report Download - page 67

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Matsushita Electric Industrial 2003 65
17. Supplementary Information to the Statements of Operations and Cash Flows
Research and development costs, advertising costs, shipping and handling costs and depreciation charged to
operations for the three years ended March 31, 2003 are as follows:
Thousands of
Millions of yen U.S. dollars
2003 2002 2001 2003
Research and development costs....................... ¥ 551,019 ¥566,567 ¥ 545,216 $4,591,825
Advertising costs .............................................. 130,426 116,867 113,586 1,086,883
Shipping and handling costs ............................. 140,498 137,681 156,395 1,170,817
Depreciation .................................................... 283,434 341,549 363,452 2,361,950
Included in other deductions of costs and expenses
for the year ended March 31, 2003 is a loss of ¥12,476
million ($103,967 thousand), associated with the imple-
mentation of the early retirement programs in a
domestic company, and for the years ended March 31,
2002 and 2001 is a loss of ¥164,056 million and
¥100,195 million, respectively, associated with the
implementation of the early retirement programs and
the regional-based employee remuneration system in
some domestic companies.
Included in other deductions of costs and expenses
for the year ended March 31, 2002 is a loss of ¥61,622
million associated with the closure or integration of
several manufacturing facilities, of which a total of
¥6,660 million was accrued at March 31, 2002 and paid
during fiscal 2003.
Included in other income of revenues for the year
ended March 31, 2003 is a gain of ¥10,805 million
($90,042 thousand) from the sale of Panasonic Disc Ser-
vices Corporation.
Foreign exchange gains and losses included in other
deductions of costs and expenses for the years ended
March 31, 2003, 2002 and 2001 is a loss of ¥7,962
million ($66,350 thousand), ¥13,209 million and
¥7,537 million, respectively.
Shipping and handling costs are included in selling,
general and administrative expenses in the consolidated
statements of operations.
Income taxes and interest expenses paid and non-
cash investing and financing activities for the three years
ended March 31, 2003 are as follows:
Thousands of
Millions of yen U.S. dollars
2003 2002 2001 2003
a) Cash paid:
Interest ............................................................. ¥ 32,587 ¥53,055 ¥ 53,485 $ 271,558
Income taxes .................................................... 46,744 65,407 156,211 389,533
b)
Noncash investing and financing activities:
Conversion of bonds......................................... 295,486 940 16
Capital transactions by consolidated and
associated companies ...................................... 650 2,830 969 5,416
Stock provided under exchange
offering .......................................................... 638,308 —50,107 5,319,233
Contribution of assets and liabilities to
associated companies ...................................... 31,740 ——264,500