Sony 1999 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 1999 Sony 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 81

  • 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

48
page
Sony Corporation Annual Report 1999
Dollars in thousands
Yen in millions (Note 3)
1997 1998 1999 1999
Sales and operating revenue:
Net sales (Note 8) . . . . . . . . . . . . . . . . . . . . . . . ¥5,383,911 ¥6,424,805 ¥6,415,418 $53,461,816
Insurance revenue . . . . . . . . . . . . . . . . . . . . . . . 227,920 291,061 339,368 2,828,067
Other operating revenue. . . . . . . . . . . . . . . . . . . 51,303 39,624 39,833 331,942
5,663,134 6,755,490 6,794,619 56,621,825
Costs and expenses:
Cost of sales (Note 16). . . . . . . . . . . . . . . . . . . . 3,930,107 4,618,961 4,633,787 38,614,891
Selling, general and administrative (Note 16) . . . . 1,153,876 1,345,584 1,500,863 12,507,192
Insurance expenses . . . . . . . . . . . . . . . . . . . . . . 208,821 270,735 321,320 2,677,667
5,292,804 6,235,280 6,455,970 53,799,750
Operating income . . . . . . . . . . . . . . . . . . . . . . 370,330 520,210 338,649 2,822,075
Other income:
Interest and dividends (Note 8) . . . . . . . . . . . . . 19,406 20,976 23,313 194,275
Foreign exchange gain, net . . . . . . . . . . . . . . . . 18,085 10,094 2,895 24,125
Gain on securities contribution to employee
retirement benefit trust (Note 9) . . . . . . . . . . . . — — 58,698 489,150
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,152 52,893 67,999 566,658
92,643 83,963 152,905 1,274,208
Other expenses:
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,892 62,524 48,275 402,292
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79,652 87,900 75,151 626,258
150,544 150,424 123,426 1,028,550
Income before income taxes . . . . . . . . . . . . . . . 312,429 453,749 368,128 3,067,733
Income taxes (Note 14):
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 169,060 210,113 158,386 1,319,883
Deferred. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,490) 4,755 18,587 154,892
163,570 214,868 176,973 1,474,775
Income before minority interest . . . . . . . . . . . . 148,859 238,881 191,155 1,592,958
Minority interest in consolidated subsidiaries . . 9,399 16,813 12,151 101,258
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 139,460 ¥ 222,068 ¥ 179,004 $ 1,491,700
Yen Dollars (Note 3)
Per share data (Note 4):
Net income — Basic . . . . . . . . . . . . . . . . . . . . . ¥367.7 ¥557.7 ¥436.9 $3.64
— Diluted . . . . . . . . . . . . . . . . . . . . 309.2 483.4 391.0 3.26
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . 55.0 60.0 50.0 0.42
The accompanying notes are an integral part of these statements.
Consolidated Statements of Income
Sony Corporation and Consolidated Subsidiaries •Year ended March 31