Mitsubishi 2009 Annual Report Download - page 38

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In millions of yen
In thousands of
U.S. dollars
(Note 2)
2009 2008 2009
Net sales ¥1,973,572 ¥2,682,103 $20,091,343
Cost of sales 1,663,121 2,194,741 16,930,892
Reversal of unrealized income on installment sales 000
Gross profit 310,451 487,361 3,160,451
Selling, general and administrative expenses (Note 11) 306,524 378,765 3,120,480
Operating income 3,926 108,596 39,971
Interest and dividends income 6,485 9,633 66,025
Interest expenses 14,546 20,468 148,084
Impairment loss (Note 5) 27,494 21,318 279,895
Other gain (loss), net (Notes 6 and 12) (22,088) (28,291) (224,867)
Income (loss) before income taxes and minority interests (53,717) 48,151 (546,850)
Income taxes (Note 17):
Current 4,899 10,929 49,880
Deferred (3,788) 1,558 (38,567)
1,111 12,488 11,313
Minority interests in income 55 952 564
Net income (loss) (Note 20) ¥ (54,883) ¥ 34,710 $ (558,728)
See accompanying notes to consolidated financial statements.
Consolidated Statements of Operations
Mitsubishi Motors Corporation and Consolidated Subsidiaries
For the years ended March 31, 2009 and 2008
36 MITSUBISHI MOTORS CORPORATION Annual Report 2009