Mitsubishi 2007 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2007 Mitsubishi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

50
MITSUBISHI MOTORS CORPORATION Annual Report 2007
Consolidated Statements of Operations
Mitsubishi Motors Corporation and Consolidated Subsidiaries
For the years ended March 31, 2007 and 2006
In thousands of
U.S. dollars
In millions of yen (Note 4)
2007 2006 2007
Net sales ¥2,202,869 ¥2,120,068 $18,660,475
Cost of sales 1,788,897 1,700,524 15,153,726
Reversal of deferred profit on installment sales, net 007
Gross profit 413,972 419,544 3,506,755
Selling, general and administrative expenses (Note 12) 373,735 412,760 3,165,906
Operating income 40,237 6,783 340,849
Interest and dividend income 8,098 5,105 68,603
Interest expense 20,777 19,580 176,008
Loss on impairment of fixed assets (7,465) (45,084) (63,242)
Other gain (loss), net (Notes 7 and 13) 3,011 (29,969) 25,513
Income (loss) before income taxes and
minority interest 23,104 (82,745) 195,714
Income taxes (Note 18):
Current 7,236 7,351 61,303
Deferred 5,066 558 42,915
(12,303) (7,909) (104,219)
Minority interest 2,055 1,511 17,413
Net income (loss) (Note 21) ¥ 8,745 ¥ (92,166) $ 74,081
See accompanying notes to consolidated financial statements.