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Microsoft Corporation
Consolidated Profit and Loss Account (unaudited)For The Financial Year Ended 30 June 1998
(in millions $AUD) |
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Operating profit before income tax |
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10,524 |
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Income tax expense attributable to operating profit |
|
1,589 |
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Operating profit after income tax |
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8,935 |
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Retained profits at the beginning of the financial
year |
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12,676 |
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Total available for appropriation |
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21,611 |
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Preferred stock dividends provided for or paid |
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(41 |
) |
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Retained profits at the end of the financial year |
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21,570 |
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Reconciliation to results
presented in accompanying statements: |
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Operating profit after income tax - Australian GAAP |
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8,935 |
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Preferred stock dividends provided for or paid |
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(41 |
) |
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Tax benefit of stock options |
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(2,296 |
) |
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Net income - US GAAP |
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6,598 |
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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 1998 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 $0.6763). |