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Microsoft Corporation
Consolidated Statement of Earnings
Year Ended June 30, 2000
(In millions)

Revenue $ 33,829   
Operating expenses:      
   Cost of revenue 4,424   
   Research and development 5,736   
   Sales and marketing 6,102   
   General and administrative 1,593   
   Other expenses 136   
      Total operating expenses 17,991   
Operating income 15,838   
Investment income 4,689   
Gain on sale of MSN Sidewalk 230   
Income before income taxes 20,757   
Provision for income taxes 3,621   
Net income $ 17,136   
Reconciliation to results presented in accompanying financial statements:      
Net income - Canadian GAAP $ 17,136   
Acquired in-process technology 145   
Visio Pooling 89   
Tax benefit of stock options (3,487 )
Net income - US GAAP $ 13,883   


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 2000 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 $0.6786).

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Last updated May 27, 2010

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