Sony 2003 Annual Report Download - page 56
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Sony Corporation Annual Report 200354
Consolidated Statements of Income
Sony Corporation and Consolidated Subsidiaries
Year ended M arch 31
Yen in millions Dollars in millions*
2001 2002 2003 2003
Sales and operating revenue:
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥6,829,003 ¥7,058,755 ¥6,916,042 $57,634
Financial service revenue . . . . . . . . . . . . . . . . 447,147 483,313 512,641 4,272
Other operating revenue . . . . . . . . . . . . . . . 38,674 36,190 44,950 374
7,314,824 7,578,258 7,473,633 62,280
Costs and expenses:
Cost of sales. . . . . . . . . . . . . . . . . . . . . . . . . 5,046,694 5,239,592 4,979,421 41,495
Selling, general and administrative . . . . . . . . 1,613,069 1,742,856 1,819,468 15,162
Financial service expenses . . . . . . . . . . . . . . . 429,715 461,179 489,304 4,078
7,089,478 7,443,627 7,288,193 60,735
Operating income . . . . . . . . . . . . . . . . . . . 225,346 134,631 185,440 1,545
Other income:
Interest and dividends. . . . . . . . . . . . . . . . . . 18,541 16,021 14,441 120
Royalty income . . . . . . . . . . . . . . . . . . . . . . . 29,302 33,512 32,375 270
Foreign exchange gain, net . . . . . . . . . . . . . . – – 1,928 16
Gain on sales of securities investments, net . . 41,708 1,398 72,552 605
Gain on issuances of stock by
equity investees . . . . . . . . . . . . . . . . . . . . . 18,030 503 ––
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,073 44,894 36,232 302
167,654 96,328 157,528 1,313
Other expenses:
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,015 36,436 27,314 228
Loss on devaluation of securities
investments. . . . . . . . . . . . . . . . . . . . . . . . . 4,230 18,458 23,198 193
Foreign exchange loss, net . . . . . . . . . . . . . . 15,660 31,736 ––
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,227 51,554 44,835 373
127,132 138,184 95,347 794
Income before income taxes. . . . . . . . . . . 265,868 92,775 247,621 2,064
Income taxes:
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121,113 114,930 178,847 1,491
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,579) (49,719) (98,016) (817)
115,534 65,211 80,831 674
Income before minority interest, equity in net
losses of affiliated companies and cumulative
effect of accounting changes . . . . . . . . . . . 150,334 27,564 166,790 1,390
Minority interest in income (loss)
of consolidated subsidiaries . . . . . . . . . . . . (15,348) (16,240) 6,581 55
Equity in net losses of affiliated companies. . . 44,455 34,472 44,690 372
Income before cumulative effect of
accounting changes. . . . . . . . . . . . . . . . . 121,227 9,332 115,519 963
Cumulative effect of accounting changes
(2001: Including ¥491 million income tax expense
2002: Net of income taxes of
¥2,975 million) . . . . . . . . . . . . . . . . . . . . . (104,473) 5,978 ––
Net income . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 16,754 ¥ 15,310 ¥ 115,519 $ 963
(Continued on follow ing page.)