Toshiba 1998 Annual Report Download - page 38

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36. Toshiba Corporation Annual Report 1998
Thousands of
U.S. dollars
Million s of yen (Note 3)
1998 1997 1998
Sales and other income:
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥5,458,498 ¥5,521,887 $41,352,258
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,406 65,335 609,136
5,538,904 5,587,222 41,961,394
Costs and expenses:
Cost of sales (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,960,158 3,932,585 30,001,197
Sellin g, general an d adm inistrative (Note 10 an d 11) . . . 1,416,046 1,391,471 10,727,621
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,022 51,449 409,258
Other (Note 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89,930 86,261 681,288
5,520,156 5,461,766 41,819,364
Income before incom e taxes and minority interest . . . . 18,748 125,456 142,030
Income taxes (Note 13):
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,315 71,253 206,932
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,840) 340 (21,515)
24,475 71,593 185,417
(Loss) incom e before m inority interest . . . . . . . . . . . . . . (5,727) 53,863 (43,387)
Minority interest in (loss) income of
consolidated subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . (1,387) 1,310 (10,508)
(Loss) incom e from consolidated com panies. . . . . . . . . . (4,340) 52,553 (32,879)
Equity in incom e of affiliated companies . . . . . . . . . . . . 11,677 14,524 88,462
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,337 67,077 55,583
Retained earnings:
Balance at beginning of year. . . . . . . . . . . . . . . . . . . . . . . 649,243 618,089 4,918,508
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (32,188) (32,188) (243,849)
Transfer to legal reserve . . . . . . . . . . . . . . . . . . . . . . . . . . (3,636) (3,735) (27,545)
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 620,756 ¥ 649,243 $ 4,702,697
U.S. dollars
Exact yen (Note 3)
Per share of common stock (Note 15):
Net income—
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 2.28 ¥20.84 $0.017
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 2.28 ¥20.06 $0.017
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥10.00 ¥10.00 $0.076
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, 1998 and 1997