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Matsushita Electric Industrial Co., Ltd.
Consolidated Statement of Income * (Six months ended September 30)
Yen U.S. Dollars
(millions) Percentage (millions)
2001 2000 2001/2000 2001
Net sales ¥3,385,609 ¥3,737,041 91% $28,450
Cost of sales (2,513,324) (2,634,180) (21,120)
Selling, general and
administrative expenses (947,992) (1,003,237) (7,966)
Operating profit (loss) (75,707) 99,624 -- (636)
Other income (deductions):
Interest income 18,403 21,534 155
Dividend income 6,323 12,139 53
Interest expense (20,928) (22,364) (176)
Restructuring charges ** (8,537) (10,120) (72)
Write-down of investment securities (18,608) (1,583) (156)
Other income (loss), net 11,797 5,870 99
Income (loss) before
income taxes (87,257) 105,100 -- (733)
Provision for income taxes (8,771) (50,562) (74)
Minority interests 26,903 (10,207) 226
Equity in earnings (losses) of
associated companies (348) 7,041 (3)
Net income (loss) ¥ (69,473) ¥ 51,372 -- $ (584)
Net income (loss)
per common share, basic (33.41) yen 24.71 yen $ (0.28)
Net income (loss)
per common share, diluted (33.41) yen 23.70 yen $ (0.28)
Consolidated Statement of Surplus *
(Six months ended September 30)
Yen U.S. Dollars
(millions) (millions)
2001 2000 2001
Retained earnings
at beginning of period ¥2,924,071 ¥2,911,665 $24,572
Net income (loss) (69,473) 51,372 (584)
Cash dividend (12,995) (12,890) (109)
Transfer to legal reserve (993) (863) (8)
Transfer to capital surplus due
to a merger of a subsidiary (3,995) -- (34)
Retained earnings
at end of period ¥2,836,615 ¥2,949,284 $23,837
* ** See notes to consolidated financial statements.
Supplementary Information
(Six months ended September 30)
Yen U.S. Dollars
(millions) (millions)
2001 2000 2001
Depreciation (tangible assets): ¥ 159,186 ¥ 161,457 $ 1,338
Capital investment: ¥ 180,357 ¥ 242,344 $ 1,516
R&D expenditures: ¥ 282,566 ¥ 271,512 $ 2,375
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