Statement of Financial Performance Year Ended 30 June 2003  CONSOLIDATED  PARENT  NOTE 2003 2002  2003  2002  $000  $000  $000  $000  Sales revenue  2  1,000,245  788,156  -  -  Cost of sales  (741,114)  (592,826)  -  -  Gross profit  259,131  195,330  -  -  Other revenues  2  417,423  371,168  136,456  202,958  Distribution expenses  (8,903)  (9,805)  -  -  Marketing expenses  (38,283)  (31,535)  -  -  Occupancy expenses (102,492)  (89,989)  -  -  Administrative expenses  (240,386)  (194,537)  -  -  Borrowing costs  3  (28,115)  (23,924)  -  -  Other expenses from ordinary activities  (27,034)  (28,177)  (461)  (439)  Share of net profit of associates, joint  venture entities and partnerships accounted  for using the equity method  39  1,948  879  -  -  Profit from ordinary activities before income tax expense  233,289  189,410  135,995  202,519  Income tax expense relating  to ordinary activities  4  (71,613)  (60,351)  (13,535)  (12,244)  Net profit  161,676  129,059  122,460  190,275  Net profit attributable to  outside equity interests  (10,627)  (782)  -  -  Net profit attributable to  members of the parent entity  28  151,049  128,277  122,460  190,275  Increase in asset revaluation reserve  39,620  20,059  -  -  Net exchange difference on translation of financial statements of  self-sustaining foreign operations  27  (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 attributable to members of the  parent entity  28  186,621  148,503  122,460  190,275  Basic earnings per share (cents per share)  5  14.31  12.33  -  -  Diluted earnings per share (cents per share)  5  14.31  12.32  -  -  The accompanying notes form an integral part of this Statement of Financial Performance.  18  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003 