Suzuki 1999 Annual Report Download - page 18

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CONSOLIDATED STATEMENTS OF INCOME
Years ended 31st March, 1999 and 1998
Thousands of
SUZUKI MOTOR CORPORATION Millions of yen U.S. dollars
AND CONSOLIDATED SUBSIDIARIES 1999 1998 1999
Net sales ...................................................................... ¥1,455,832 ¥1,488,785 $12,076,582
Cost of sales ................................................................ 1,119,776 1,133,128 9,288,892
Gross profit ........................................................... 336,056 355,657 2,787,689
Selling, general and administrative expenses ......... 288,794 299,757 2,395,639
Operating income ................................................. 47,261 55,899 392,050
Other income (expenses) :
Interest and dividend income ................................. 5,846 4,339 48,500
Interest expense ....................................................... (5,513) (6,195) (45,739)
Other, net .................................................................. (856) (1,201) (7,103)
Income before income taxes ............................... 46,738 52,841 387,708
Income taxes:
Current (Note 9)........................................................ 28,630 38,812 237,502
Deferred .................................................................... 1,529 (4,303) 12,683
30,159 34,508 250,186
Minority interests in earnings of
consolidated subsidiaries........................................ (27) (830) (225)
Equity in earnings of non-consolidated
subsidiaries and affiliates .................................... 7,808 12,654 64,770
Net income ............................................................ ¥ 24,359 ¥ 30,156 $ 202,067
Yen U.S. dollars
Net income per share:
Primary...................................................................... ¥52.72 ¥67.17 $ 0.437
Fully diluted .............................................................. 52.40 66.71 0.434
Cash dividends per share ........................................... 7.50 7.50 0.062
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.