Sony 2001 Annual Report Download - page 94

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Sony Corporation Annual Report 2001
92
CONSOLIDATED STATEMENTS OF INCOME
Sony Corporation and Consolidated Subsidiaries •Year ended March 31
Dollars in millions
Yen in millions (Note 3)
1999 2000 2001 2001
Sales and operating revenue:
Net sales (Note 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥6,415,418 ¥6,238,401 ¥6,829,003 $54,632
Insurance revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 339,368 380,317 426,913 3,415
Other operating revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,396 67,943 58,908 471
6,804,182 6,686,661 7,314,824 58,518
Costs and expenses:
Cost of sales (Notes 17 and 18) . . . . . . . . . . . . . . . . . . . . . 4,633,787 4,595,086 5,046,694 40,374
Selling, general and administrative
(Notes 16, 17 and 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,511,014 1,508,983 1,634,007 13,071
Insurance expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 321,320 359,388 408,777 3,270
6,466,121 6,463,457 7,089,478 56,715
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 338,061 223,204 225,346 1,803
Other income:
Interest and dividends (Note 7) . . . . . . . . . . . . . . . . . . . . . 23,313 17,700 18,541 148
Royalty income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,720 21,704 29,302 234
Foreign exchange gain, net . . . . . . . . . . . . . . . . . . . . . . . . . 2,895 27,466 ——
Gain on securities contribution to employee
retirement benefit trust (Note 8) . . . . . . . . . . . . . . . . . . . 58,698 — 11,120 89
Gain on sales of securities investments
and other, net (Note 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,464 28,099 41,708 334
Gain on issuances of stock by
equity investees (Note 19) . . . . . . . . . . . . . . . . . . . . . . . . 5,181 727 18,030 144
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,426 50,603 48,953 392
149,697 146,299 167,654 1,341
Other expenses:
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,275 42,030 43,015 344
Foreign exchange loss, net . . . . . . . . . . . . . . . . . . . . . . . . . ——15,660 125
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61,792 63,163 68,457 548
110,067 105,193 127,132 1,017
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . 377,691 264,310 265,868 2,127
Income taxes (Note 20):
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158,386 120,803 121,113 969
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,587 (26,159) (5,579) (45)
176,973 94,644 115,534 924
Income before minority interest, equity in
net losses of affiliated companies and
cumulative effect of accounting changes . . . . . . . . . . . . . 200,718 169,666 150,334 1,203
Minority interest in income (loss) of
consolidated subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . 12,151 10,001 (15,348) (123)
Equity in net losses of affiliated companies (Note 7) . . . . . 9,563 37,830 44,455 356
Income before cumulative effect of
accounting changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 179,004 121,835 121,227 970
Cumulative effect of accounting changes
(Including ¥491 million income tax expense) (Note 2) . . . ——(104,473) (836)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 179,004 ¥121,835 ¥16,754 $ 134
(Continued on following page.)