Contents Consolidated Five-Year Summary 70 Business and Other Risks 71 Consolidated Balance Sheets 72 Consolidated Statements of Income 74 Consolidated Statements of Shareholders’ Equity 75 Consolidated Statements of Cash Flows 76 Notes to Consolidated Financial Statements 77 Report of Independent Auditors 104 Non-consolidated Five-Year Summary 105 FINANCIAL SECTION Nissan Annual Report 2004 69