Sony 2003 Annual Report Download - page 203
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Consolidated Financial Information 2003
- 117 -
(3) Retained earnings:
The amount of statutory retained earnings of Sony Corporation available for the payments of dividends to
shareholders as of March 31, 2003 was ¥650,705 million ($5,423 million). The appropriation of retained
earnings for the year ended March 31, 2003 including cash dividends for the six-month period ended March
31, 2003 has been incorporated in the accompanying consolidated financial statements. This appropriation
of retained earnings was approved at the Ordinary General Meeting of Shareholders held on June 20, 2003.
Retained earnings include Sony’s equity in undistributed earnings of affiliated companies accounted for
by the equity method in the amount of ¥9,259 million and ¥2,967 million ($25 million) at March 31, 2002 and
2003, respectively.