Microsoft 1999 Annual Report: Australian Income Statement

Choose a local language, currency, and accounting convention:
Australian	Canadian	Deutsch	Français		UK


	Microsoft Corporation Consolidated Profit and Loss Statement (unaudited) For The Financial Year Ended 30 June 1999 (in millions $AUD)


	Operating profit before income tax	19,017

	Income tax expense attributable to operating profit	1,973

	Operating profit after income tax	17,044

	Retained profits at the beginning of the financial year	23,825

	Total available for appropriation	40,869

	Preferred stock dividends provided for or paid	(45	)

	Retained profits at the end of the financial year	40,824



Reconciliation to results presented in accompanying financial statements:


	Operating profit after income tax - Australian GAAP	17,044

	Preferred stock dividends provided for or paid	(45	)

	Tax benefit of stock options	(4,594	)

	Net income - US GAAP	12,405


This unaudited Consolidated Profit and Loss Statement has been converted from Microsoft's audited consolidated income statement into Australian currency and adjusted for accounting principles and format that are generally accepted in Australia. This presentation differs in certain respects from generally accepted accounting principles in the United States that are used in Microsoft's primary financial statements and its filings with the United States Securities and Exchange Commission. The Microsoft 1999 Annual Report to Shareholders and the Form 10-K are available on this Web site or copies may be obtained by writing to the Company.

	All figures have been translated at the average exchange rate for the year
	(AUD$1 = US $0.6253).

Last updated May 28, 2010