Microsoft 1999 Annual Report: Canadian income statement

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	Microsoft Corporation Consolidated Statement of Earnings Year Ended June 30, 1999 (In millions) (unaudited)


	Revenue			$29,929

	Operating expenses:

		Cost of revenue		4,265

		Research and development		4,651

		Sales and Marketing		4,897

		General and administrative		1,044

		Other expenses		174

			Total operating expenses	15,031

	Operating income			14,898

	Investment income			2,733

	Gain on sale of Softimage, Inc.			242

	Income before income taxes			17,873

	Provision for income taxes			1,514

	Net income			$16,359



Reconciliation to results presented in accompanying financial statements:


	Net income - Canadian GAAP			$16,359

	Acquired in-process technology			150

	Tax benefit of stock options			(4,709	)

	Net income - US GAAP			$11,800


This unaudited Consolidated Statement of Earnings has been converted from Microsoft's audited consolidated income statement into Canadian currency and adjusted for accounting principles and format that are generally accepted in Canada. 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.


Translated at the average exchange rate for the year (C$1 = US $0.6598).

Last updated May 28, 2010