Suzuki 2003 Annual Report Download - page 22

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SUZUKI MOTOR CORPORATION
SUZUKI MOTOR CORPORATION
AND CONSOLIDATED SUBSIDIARIES 2003 2002 2003
CONSOLIDATED STATEMENTS OF INCOME
Years ended March 31, 2003 and 2002
Net sales ...................................................................... ¥2,015,309 ¥1,668,251 $16,766,305
Cost of sales................................................................ 1,489,406 1,220,336 12,391,065
Gross profit .............................................................. 525,903 447,914 4,375,240
Selling, general and administrative expenses ......... 451,699 389,454 3,757,898
Operating income .................................................... 74,204 58,460 617,341
Other income(expenses):
Interest and dividend income .................................... 7,405 3,977 61,613
Interest expense ........................................................ (3,615) (4,819) (30,083)
Equity in earnings of affiliates .................................... 5,118 2,361 42,581
Other, net ................................................................... (20,843) (20,650) (173,406)
Income before income taxes ................................... 62,269 39,328 518,047
Income taxes:
Current ....................................................................... 51,862 32,307 431,468
Deferred ..................................................................... (23,042) (15,229) (191,702)
28,819 17,077 239,765
Minority interests in earnings of
consolidated subsidiaries........................................ 2,425 (142) (20,175)
Net income................................................................. ¥ 31,024 ¥ 22,392 $ 258,106
Net income per share (Note 2):
Primary ....................................................................... ¥ 57.29 ¥ 41.40 $ 0.476
Fully diluted................................................................ 55.57 41.16 0.462
Cash dividends per share .......................................... 9.00 8.50 0.074
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
Thousands of
U.S. dollars
Millions of yen
U.S. dollarsYen
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