36 TOSHIBA CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS CONSOLIDATED STATEMENTS OF OPERATIONS The accompanying notes are an integral part of these statements. Thousands of U.S. dollars Millions of yen (Note 3) 2003 2002 2003 Sales and other income: Net sales ¥5,655,778 ¥5,394,033 $47,131,483 Interest and dividends 13,381 14,704 111,509 Other income (Notes 4, 5, and 23) 65,937 59,100 549,475 5,735,096 5,467,837 47,792,467 Costs and expenses: Cost of sales (Notes 11 and 19) 4,146,460 4,070,130 34,553,833 Selling, general and administrative (Notes 8, 11, 12, and 19) 1,393,776 1,437,478 11,614,800 Restructuring charges (Note 14) 10,906 208,954 90,883 Interest 24,257 29,891 202,14 2 Other expense (Notes 4, 5, 13, and 23) 106,574 98,071 888,117 5,681,973 5,844,524 47,349,775 Income (loss) before income taxes, minority  interest and equity in earnings of affiliates 53,123 (376,687) 442,692 Income taxes (Note 15) : Current 50,986 36,185 424,883 Deferred (2,454) (150,100) (20,450) 48,532 (113,915) 404,433 Income (loss) before minority interest and equity in  earnings of affiliates 4,591 (262,772) 38,259 Minority interest in income (loss) of consolidated subsidiaries (11,330) (6,315) (94,417) Income (loss) before equity in earnings of affiliates 15,921 (256,457) 132,676 Equity in earnings of affiliates (Note 7) 2,582 2,440 21,516 Net income (loss) ¥ 18,503 ¥ (254,017) $ 154,192 U.S. dollars Yen (Note 3) Basic and diluted net income (loss) per share ¥ 5.75 ¥ (78.91) $ 0.048 Weighted-average number of shares used in calculation of earnings per share (thousands of shares) 3,217,979 3,218,951 Cash dividends per share (Note 17) ¥ 3.00 — $ 0.025 Toshiba Corporation and its subsidiaries For the years ended March 31, 2003 and 2002