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[48] MITSUBISHI MOTORS CORPORATION Annual Report 2001
CONSOLIDATED STATEMENTS OF OPERATIONS
Mitsubishi Motors Corporation and Consolidated Subsidiaries
Years ended March 31, 2001 and 2000
In thousands of
U.S. dollars
In millions of yen (Note 4)
2001 2000 2001
Net sales ¥3,276,716 ¥3,334,974 $26,446,457
Cost of sales 2,754,852 2,789,769 22,234,479
Reversal of deferred profit on installment sales 239 802 1,929
Gross profit 522,103 546,006 4,213,906
Selling, general and administrative expenses 595,968 523,533 4,810,073
Operating (loss) income (73,865) 22,473 (596,166)
Interest and dividend income 12,162 17,138 98,160
Interest expense 35,784 44,996 288,814
Other, net (Note 11) (309,802) (7,266) (2,500,420)
Loss before income taxes and minority interests (407,289) (12,651) (3,287,240)
Income taxes:
Current 10,372 9,165 83,713
Deferred (118,996) 7,144 (960,420)
(108,623) 16,310 (876,699)
Minority interests 20,527 5,629 165,674
Net loss ¥ (278,139) ¥(23,331) $ (2,244,867)
In U.S. dollars
In yen (Note 4)
Per share of common stock:
Net loss:
Basic ¥ (232.77) ¥(24.87) $ (1.88)
Diluted ———
Cash dividends ———
See accompanying notes to consolidated financial statements.