Suzuki 2004 Annual Report Download - page 25

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SUZUKI MOTOR CORPORATION
SUZUKI MOTOR CORPORATION
AND CONSOLIDATED SUBSIDIARIES 2004 2003 2004
CONSOLIDATED STATEMENTS OF INCOME
Years ended March 31, 2004 and 2003
Net sales ...................................................................... ¥2,198,986 ¥2,015,309 $20,806,004
Cost of sales ................................................................ 1,610,013 1,489,406 15,233,358
Gross profit .............................................................. 588,972 525,903 5,572,645
Selling, general and administrative expenses ......... 493,832 451,699 4,672,464
Operating income .................................................... 95,140 74,204 900,181
Other income and expenses:
Interest and dividend income .................................... 8,258 7,405 78,142
Interest expense ........................................................ (4,286) (3,615) (40,559)
Equity in earnings of affiliates .................................... 4,024 5,118 38,075
Other, net ................................................................... (24,264) (20,843) (229,580)
Income before income taxes ................................... 78,872 62,269 746,258
Income taxes:
Current ....................................................................... 43,673 51,862 413,220
Deferred ..................................................................... (17,566) (23,042) (166,208)
26,106 28,819 247,012
Minority interests in earnings of
consolidated subsidiaries ........................................ 8,929 2,425 84,489
Net income................................................................. ¥ 43,835 ¥ 31,024 $ 414,756
Net income per share:
Primary ....................................................................... ¥ 81.38 ¥ 57.29 $ 0.769
Fully diluted................................................................ 79.17 55.57 0.749
Cash dividends per share .......................................... 9.00 9.00 0.085
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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