Sony 2004 Annual Report Download - page 100

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98
Dollars in millions
Yen in millions (Note 3)
2002 2003 2004 2004
Sales and operating revenue:
Net sales (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥7,058,755 ¥6,916,042 ¥6,883,478 $66,187
Financial service revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 480,190 509,398 565,752 5,440
Other operating revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,313 48,193 47,161 454
7,578,258 7,473,633 7,496,391 72,081
Costs and expenses:
Cost of sales (Notes 17 and 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,239,592 4,979,421 5,058,205 48,637
Selling, general and administrative (Notes 16, 17 and 18) . . . . . . . . . . . . . . . 1,695,897 1,782,367 1,798,239 17,291
Financial service expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 458,276 486,464 505,550 4,861
Loss on sale, disposal or impairment of assets, net (Notes 9 and 17) . . . . . . . 49,862 39,941 35,495 341
7,443,627 7,288,193 7,397,489 71,130
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134,631 185,440 98,902 951
Other income:
Interest and dividends (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,021 14,441 18,756 180
Royalty income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,512 32,375 34,244 329
Foreign exchange gain, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – 1,928 18,059 174
Gain on sales of securities investments, net (Notes 6 and 7) . . . . . . . . . . . . . 1,398 72,552 11,774 113
Gain on issuances of stock by subsidiaries and equity investees (Note 19) . . . 503 – 4,870 47
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,894 36,232 34,587 333
96,328 157,528 122,290 1,176
Other expenses:
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,436 27,314 27,849 268
Loss on devaluation of securities investments . . . . . . . . . . . . . . . . . . . . . . . . 18,458 23,198 16,481 159
Foreign exchange loss, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,736 – ––
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,554 44,835 32,795 315
138,184 95,347 77,125 742
Income before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92,775 247,621 144,067 1,385
Income taxes (Note 20):
Current . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114,930 178,847 87,219 838
Deferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (49,719) (98,016) (34,445) (331)
65,211 80,831 52,774 507
Income before minority interest, equity in net income of
affiliated companies and cumulative effect of accounting changes . . . 27,564 166,790 91,293 878
Minority interest in income (loss) of consolidated subsidiaries . . . . . . . . . . . . (16,240) 6,581 2,379 23
Equity in net income (loss) of affiliated companies (Note 6) . . . . . . . . . . . . . . (34,472) (44,690) 1,714 16
Income before cumulative effect of accounting changes . . . . . . . . . . . 9,332 115,519 90,628 871
Cumulative effect of accounting changes
(2002: Net of income taxes of ¥2,975 million
2004: Net of income taxes of ¥0 million) (Note 2) . . . . . . . . . . . . . . . . . . . 5,978 – (2,117) (20)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 15,310 ¥ 115,519 ¥ 88,511 $ 851
(Continued on following page.)
Consolidated Statements of Income
Sony Corporation and Consolidated Subsidiaries – Year ended March 31