| FINANCIAL HIGHLIGHTS - U.K. Pound Sterling |
| (In millions, except earnings per share) |
|
| |
|
|
|
|
|
| Year Ended June 30 |
1998 |
1999 |
2000 |
2001 |
2002 |
| |
|
|
|
|
|
| Revenue |
£9,268 |
£12,023 |
£14,412 |
£17,429 |
£19,657 |
| Research and development |
1,579 |
1,808 |
2,368 |
3,017 |
2,985 |
| Operating income |
3,999 |
6,095 |
6,910 |
8,075 |
8,254 |
| Income before accounting change |
2,726 |
4,740 |
5,915 |
5,320 |
5,426 |
| Net income |
2,726 |
4,740 |
5,915 |
5,061 |
5,426 |
| Diluted earnings per share before |
|
|
|
|
|
| accounting change |
0.51 |
0.86 |
1.07 |
0.95 |
0.98 |
| Diluted earnings per share |
0.51 |
0.86 |
1.07 |
0.91 |
0.98 |
| Cash and short-term investments |
8,532 |
10,934 |
15,751 |
22,356 |
25,327 |
| Total assets |
13,696 |
24,311 |
34,214 |
41,620 |
44,326 |
| Stockholders' equity |
10,186 |
18,041 |
27,380 |
33,455 |
34,192 |
| |
|
|
|
|
|
| Exchange Rates* |
|
|
|
|
|
| Average rate |
1.65 |
1.64 |
1.59 |
1.45 |
1.44 |
| June 30 |
1.63 |
1.58 |
1.51 |
1.41 |
1.53 |
* Cash and short-term investments, Total assets, and Stockholder's equity are translated using the June 30 exchange rate. All other items have been translated using the average rate for the fiscal year.
This unaudited Consolidated Financial Highlights table has been converted into U.K. currency. This presentation is intended to provide additional information. This presentation is not a complete presentation of the Company's financial position and results of operations. A complete set of the Company’s primary financial statements prepared in accordance with generally accepted accounting principles in the United States of America, and included in filings with the United States Securities and Exchange Commission, can be found in The Microsoft 2002 Annual Report to Shareholders (including Form 10-K) which is available on this Web site. Copies may also be obtained by writing to the Company.
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