Toshiba 2004 Annual Report Download - page 46

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44 CONSOLIDATED STATEMENTS OF INCOME
Toshiba Corporation and its subsidiaries
For the years ended March 31, 2004 and 2003
Thousands of
U.S. dollars
Millions of yen (Note 3)
2004 2003 2004
Sales and other income:
Net sales ¥5,579,506 ¥5,655,778 $52,636,849
Subsidy received on return of substitutional portion of
Employees’ Pension Fund Plan, net of settlement loss of
¥188,106 million ($1,774,585 thousand) (Note 10) 48,9 45 —4 61,745
Interest and dividends 10,470 13,381 98,774
Other income (Notes 4, 5, 16, and 23) 88,394 65,937 833,905
5,727,315 5,735,096 54,031,273
Costs and expenses:
Cost of sales (Notes 11 and 19) 4,075,336 4,146,460 38,446,566
Selling, general and administrative
(Notes 8, 11, 12, and 19) 1,378,529 1,393,776 13,004,991
Interest 20,832 24,257 1 96 ,528
Other expense (Notes 4, 5, 7, 13, 14 and 23) 107,577 117,480 1,014,877
5,582,274 5,681,973 52,662,962
Income before income taxes, minority interest
and equity in (loss) earnings of affiliates 145,041 53,123 1,368,311
Income taxes (Note 15):
Current 50,092 50,986 472,566
Deferred 52,145 (2,454) 491,934
102,237 48,532 964,500
Income before minority interest and equity
in (loss) earnings of affiliates 42,804 4,591 403,811
Minority interest in income (loss)
of consolidated subsidiaries 4,708 (11,330) 44,415
Income before equity in (loss) earnings of affiliates 38,096 15,921 359 ,396
Equity in (loss) earnings of affiliates (Note 7) (9,271) 2,582 (87,462)
Net income ¥ 28,825 ¥ 18,503 $ 271,934
U.S. dollars
Yen (Note 3 )
Basic and diluted net income per share ¥ 8.96 ¥ 5.75 $ 0.085
Weighted-average number of shares used in calculation
of earnings per share (thousands of shares) 3,216,774 3,217,979
Cash dividends per share (Note 17) ¥ 3.00 ¥ 3.00 $ 0.028
The accompanying notes are an integral part of these statements.