Samsung 2004 Annual Report Download - page 60

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NON-CONSOLIDATED STATEMENTS OF INCOME
In millions of Korean won In thousands of U.S. dollars
For the years ended December 31, 2004 and 2003
2004 2003 2004 2003
Sales
￦
57,632,359
￦
43,582,016 $55,256,337 $41,785,250
Cost of sales 37,279,686 29,518,753 35,742,748 28,301,776
Gross profit ￦20,352,673 ￦14,063,263
$
19,513,589
$
13,483,474
Selling, general and administrative expenses 8,335,796 6,870,561 7,992,135 6,587,307
Operating profit ￦12,016,877 ￦7,192,702
$
11,521,454
$
6,896,167
Non-operating income
Interest and dividend income ￦295,428 ￦250,205
$
283,248
$
239,890
Foreign exchange gains 402,774 295,269 386,169 283,096
Gain on foreign currency translation 138,528 13,415 132,817 12,862
Gain on valuation of investments using the equity
method of accounting 576,923 - 553,138 -
Others 723,088 556,266 693,277 533,332
Total non-operating income
￦
2,136,741
￦
1,115,155 $2,048,649 $1,069,180
Non-operating expenses
Interest expense ￦65,970 ￦95,656
$
63,250
$
91,712
Foreign exchange losses 364,867 355,767 349,825 341,100
Loss on foreign currency translation 41,903 34,182 40,175 32,773
Loss on valuation of investments using the
equity method of accounting - 228,916 - 219,478
Loss on impairment of available-
for-sale securities 10,166 339,646 9,747 325,643
Others 546,186 349,200 523,668 334,804
Total non-operating expenses
￦
1,029,092
￦
1,403,367 $986,665 $1,345,510
Ordinary profit
￦
13,124,526
￦
6,904,490 $12,583,438 $6,619,837
Extraordinary income ----
Extraordinary loss ----
Net income before income taxes
￦
13,124,526
￦
6,904,490 $12,583,438 $6,619,837
Income tax expense 2,337,784 945,492 2,241,403 906,512
Net income
￦
10,786,742
￦
5,958,998 $10,342,035 $5,713,325
Basic earnings per share
￦67,899 ￦36,356
$
65
$
35
(in Korean won and U.S. dollars)
Diluted earnings per share
￦66,864 ￦35,930
$
64
$
34
(in Korean won and U.S. dollars)