Toshiba 1997 Annual Report Download - page 36

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34.
Thousands of
U.S. dollars
Millions of yen (Note 3)
1997 1996 1997
Sales and other income:
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥5,453,397 ¥5,120,086 $43,979,008
Other income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122,105 145,052 984,718
5,575,502 5,265,138 44,963,726
Costs and expenses:
Cost of sales (Note 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,900,022 3,612,504 31,451,790
Selling, general and administrative (Note 9 and 10) . . . . . . . . . 1,399,123 1,287,358 11,283,250
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62,101 73,819 500,815
Other (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88,800 113,708 716,129
5,450,046 5,087,389 43,951,984
Income before income taxes and minority interest . . . . . . . 125,456 177,749 1,011,742
Income taxes (Note 12):
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,253 117,036 574,621
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 340 (14,071) 2,742
71,593 102,965 577,363
Income before minority interest . . . . . . . . . . . . . . . . . . . . . 53,863 74,784 434,379
Minority interest in income of
consolidated subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . 1,310 1,838 10,564
Income from consolidated companies . . . . . . . . . . . . . . . . . 52,553 72,946 423,815
Equity in income of affiliated companies . . . . . . . . . . . . . . 14,524 17,442 117,129
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,077 90,388 540,944
Retained earnings:
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . 618,089 563,634 4,984,589
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (32,188) (32,188) (259,581)
Transfer to legal reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,735) (3,745) (30,121)
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 649,243 ¥ 618,089 $ 5,235,831
U.S. dollars
Exact yen (Note 3)
Per share of common stock:
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥20.06 ¥26.85 $0.162
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥10.00 ¥10.00 $0.081
The accompanying notes are an integral part of this statement.
CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
Toshiba Corporation and its subsidiaries
For the years ended March 31, 1997 and 1996