Annual Report 1999 (For year ended March 31,1999)

Statements of Income and Retained Earnings

Kawasaki Kisen Kaisha, Ltd. and Consolidated Subsidiaries
Consolidated Statements of Income and Retained Earnings
Years ended March 31, 1999 and 1998

   

  Millions of yen Thousands of
U.S. dollars(Note 1)
  1999 1998 1999
Revenues:
Freight and charter of vessels ¥416,309 ¥411,893 $3,453,411
Operating revenues other than shipping 96,791 105,862 802,916
Other 12,298 6,322 102,019
   Total revenues 525,398 524,077 4,358,346
    
Expenses:
Expenses, other than depreciation, for vessels 313,972 291,991 2,604,494
Depreciation of vessels 24,866 30,704 206,270
Cost of incidental revenues 103,006 116,962 854,468
Selling, general and administrative expenses 49,749 50,694 412,682
Interest expense 15,129 16,816 125,500
Other 13,036 10,685 108,141
   Total expenses 519,758 517,852 4,311,555
    
Income before income taxes 5,640 6,225 46,791
Income taxes 4,044 4,557 33,548
Net income 1,596 1,668 13,243
   
Retained earnings at beginning of the year 25,417 23,755 210,837
Adjustments to retained earnings at beginning of the year for
inclusion in or exclusion from consolidation or equity method
of accounting for subsidiaries and affiliates		 407 61 3,380
Cash dividends (1,756) - (14,571)
Bonuses to directors and statutory auditors (76) (67) (630)
Retained earnings at end of the year ¥25,588 ¥25,417 $212,259

 

The accompanying notes are an integral part of these statements.