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Annual Report 2005
48
MITSUBISHI MOTORS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Mitsubishi Motors Corporation and Consolidated Subsidiaries
For the years ended March 31, 2005 and 2004
In thousands of
U.S. dollars
In millions of yen (Note 3)
2005 2004 2005
Net sales ¥2,122,626 ¥2,519,449 $19,765,586
Cost of sales (Note 4) 1,808,110 2,160,612 16,836,859
Reversal of deferred profit on installment sales, net 16 50 149
Gross profit 314,532 358,887 2,928,876
Selling, general and administrative expenses (Note 12) 443,076 455,739 4,125,859
Operating loss (128,544) (96,852) (1,196,983)
Interest and dividend income 7,920 13,021 73,752
Interest expense 25,601 29,335 238,401
Loss (income) from affiliated companies (13,002) 9,573 (121,076)
Other loss (income), net (Notes 7 and 13) (301,678) 26,419 (2,809,184)
Loss before income taxes and minority interests (460,906) (77,173) (4,291,892)
Income taxes (Note 18):
Current 4,016 4,272 37,402
Deferred 15,745 133,573 146,616
(19,761) (137,846) (184,018)
Minority interests (5,882) 403 (54,775)
Net loss (Note 21) ¥(474,785) ¥(215,424) $(4,421,136)
See accompanying notes to consolidated financial statements.