41. Deed of Cross Guarantee (continued)  (b)  Harvey Norman Holdings Limited Closed Group Statement of Financial Performance for year ended 30 June 2003  CONSOLIDATED  2003 2002 $000 $000 Sales revenue  264,304  508,044  Cost of sales  (197,981)  (409,420)  Gross profit  66,323  98,624  Other revenues  388,516  356,913  Distribution expenses  (920)  (12,899)  Marketing expenses  (16,473)  (18,968)  Occupancy expenses (66,145)  (67,752)  Administrative expenses  (125,968)  (126,945)  Borrowing costs  (25,147)  (21,070)  Other expenses  (17,258)  (23,672)  Share of net profit of associates, joint  venture entities and partnerships  accounted for using the equity method  1,948  879  Profit from ordinary activities before income tax expense  204,876  185,110  Income tax expense relating  to ordinary activities  (63,742)  (58,790)  Net profit  141,134  126,320  Net profit attributable to  Outside equity interests  (143)  (263)  Net profit attributable to  Members of the parent entity  140,991  126,057  Increase in asset revaluation reserve  39,620  20,059  Net exchange difference on Translation of financial report of  Self-sustaining foreign operations  (4,048)  167  Total revenues, expenses and valuation  adjustments attributable to members of  the parent entity and recognised directly  in equity  35,572  20,226  Total changes in equity other than those  resulting from transactions with owners  as owners  176,563  146,283  88  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003 