Frontpage Financial Statements Consolidated income statement Consolidated income statement

Consolidated Financial Statements

Consolidated income statement

€ million Note 1.1.-31.12.2011 % 1.1.-31.12.2010 %
           
Net sales 2 9,460.4 100.0 8,776.8 100.0
Cost of sales   -8,163.2 -86.3 -7,546.7 -86.0
Gross profit   1,297.2 13.7 1,230.1 14.0
           
Other operating income 5, 7 704.9 7.5 698.8 8.0
Staff cost 8, 35 -570.5 -6.0 -520.6 -5.9
Depreciation, amortisation and impairment 13, 14 -124.7 -1.3 -120.9 -1.4
Other operating expenses 6, 7 -1,026.3 -10.8 -980.7 -11.2
Operating profit   280.6 3.0 306.7 3.5
           
Interest income and other finance income 9 22.2 0.2 22.7 0.3
Interest expense and other finance costs 9 -18.0 -0.2 -15.4 0.2
Foreign exchange differences 9 -3.5 0.0 -1.4 0.0
Total finance income and costs 9 0.8 0.0 6.0 0.1
           
Income from associates   0.7 0.0 -0.3 0.0
Profit before tax   282.1 3.0 312.4 3.6
           
Income tax 10 -85.2 -0.9 -96.7 -1.1
           
Profit for the year   196.9 2.1 215.7 2.5
           
Profit for the year attributable to          
Owners of the parent   181.5   204.5  
Non-controlling interests   15.4   11.2  
           
Earnings per share for profit
attributable to owners of the parent
         
Basic, € 12 1.85   2.08  
Diluted, € 12 1.84   2.06  
           

CONSOLIDATED STATEMENT
OF COMPREHENSIVE INCOME

         
           
Profit for the year   196.9   215.7  
           
Other comprehensive income          
Currency translation differences related to a foreign operation 11 -17.3   4.9  
Adjustment for hyperinflation 11 6.3   -  
Cash flow hedge revaluation 11 -15.0   20.8  
Revaluation of available-for-sale financial assets 11 0.1   1.2  
Others 11 -0.1   -0.7  
Tax related to other comprehensive income 11 3.9   -5.7  
           
Total other comprehensive income for the year, net of tax   -22.1   20.4  
           
Comprehensive income for the year   174.8   236.1  
           
Comprehensive income for the year attributable to          
Owners of the parent   170.4   224.4  
Non-controlling interests   4.4   11.7