Mitsubishi 1999 Annual Report Download - page 40

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Consolidated statements of operations
38
Year ended March 31,
1999 1998 1999
(In millions of yen) (In thousands of
U.S. dollars)
(Note 3)
Net sales ¥ 3,512,606 ¥ 3,735,228 $ 29,138,167
Cost of sales 2,816,067 3,050,216 23,360,158
Reversal of deferred profit on installment sales 2,016 3,170 16,723
Gross profit 698,555 688,182 5,794,732
Selling, general and administrative expenses 642,611 689,484 5,330,659
Operating income (loss) 55,944 (1,301) 464,073
Non-operating income:
Interest and dividend income 17,448 18,409 144,737
Other income 8,021 6,742 66,537
25,469 25,151 211,273
Non-operating expenses:
Interest expense 79,644 73,993 660,672
Other expenses 5,945 9,131 49,316
85,590 83,124 709,996
Ordinary loss (4,176) (59,274) (34,641)
Gain (loss) on sales or disposal of property, plant and
equipment, net (Note 7) 23,441 (4,808) 194,450
Gain on sales of stocks of a subsidiaries 47 8,794 390
Foreign exchange loss at consolidated subsidiary
in Thailand – (38,299) –
Loss on settlement of litigation (4,459) – (36,989)
Other, net (3,069) (2,279) (25,458)
Income (loss) before income taxes 11,783 (95,867) 97,744
Income taxes:
Current 5,749 7,923 47,690
Deferred 1,986 (808) 16,474
7,735 7,115 64,164
Minority interests 1,621 1,135 13,447
Net income (loss) ¥ 5,668 ¥ (101,846) $ 47,018
(In U.S. dollars)
(In yen) (Note 3)
Per share of common stock:
Net income (loss):
Basic ¥ 6.15 ¥ (110.49) $ 0.05
Fully diluted 5.93 – 0.05
Cash dividends – 3.50 –
See accompanying notes to consolidated financial statements.
Mitsubishi Motors Corporation and Consolidated Subsidiaries
Consolidated Statements of Operations