Microsoft Corporation
Consolidated Profit and Loss Account (unaudited)
For The Financial Year Ended 30 June 1997
(in millions $AUD)
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| Operating profit before income tax |
6,789 |
| Income tax expense attributable to operating profit |
1,364 |
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| Operating profit after income tax |
5,425 |
| Retained profits at the beginning of the financial year |
8,963 |
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| Total available for appropriation |
14,388 |
| Preferred stock dividends provided for or paid |
(19) |
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| Retained profits at the end of the financial year |
14,369 |
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Reconciliation to results presented in accompanying financial statements: |
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| Operating profit after income tax - Australian GAAP |
5,425 |
| Preferred stock dividends provided for or paid |
(19) |
| Tax benefit of stock options |
(1,012) |
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| Net income - US GAAP |
4,394 |
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This unaudited Consolidated Profit and Loss Account 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 1997 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 $0.7827).
View Microsoft income statements presented in these local languages, currencies, and accounting conventions:
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