Suzuki 2000 Annual Report Download - page 19

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CONSOLIDATED STATEMENTS OF INCOME
Years ended March 31, 2000 and 1999
Thousands of
SUZUKI MOTOR CORPORATION Millions of yen U.S. dollars
AND CONSOLIDATED SUBSIDIARIES 2000 1999 2000
Net sales ................................................................................. ¥ 1,521,192 ¥ 1,455,832 $ 14,330,590
Cost of sales ........................................................................... 1,159,720 1,119,776 10,925,302
Gross profit ..................................................................... 361,471 336,056 3,405,287
Selling, general and administrative expenses..................... 318,871 288,794 3,003,973
Operating income ........................................................... 42,599 47,261 401,314
Other income(expenses):
Interest and dividend income.............................................. 4,395 5,846 41,408
Interest expense .................................................................. (4,076) (5,513) (38,406)
Equity in earnings of affiliates ........................................... 6,676 7,808 62,898
Other, net ............................................................................ (4,303) (856) (40,544)
Income before income taxes ........................................... 45,291 54,546 426,670
Income taxes:
Current ................................................................................ 22,765 28,630 214,469
Deferred .............................................................................. (4,246) 1,529 (40,002)
18,519 30,159 174,467
Minority interests in earnings of
consolidated subsidiaries .................................................... (115) 27 (1,087)
Net income ..................................................................... ¥ 26,886 ¥ 24,359 $ 253,290
Yen U.S. dollars
Net income per share:
Primary ............................................................................... ¥
55.58 ¥
52.72 $
0.523
Fully diluted........................................................................ 55.32 52.40 0.521
Cash dividends per share ..................................................... 8.50 7.50 0.080
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.