Adidas 2000 Annual Report Download - page 67

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adidas-Salomon ANNUAL REPORT 2000
63
Consolidated Financial Statements
Consolidated Income Statements (IAS)
(euros in thousands)
(Note) 2000 1999
Net sales 5,834,805 5,353,949
Cost of sales 3,306,886 3,001,883
Gross profit 2,527,919 2,352,066
Selling, general and administrative expenses (21) 2,012,321 1,807,255
Depreciation and amortization (excl. goodwill) (8,10,21) 78,812 63,264
Operating profit 436,786 481,547
Goodwill amortization (9) 39,545 39,012
Royalty and commission income 43,073 34,689
Financial expenses, net (23) 93,954 83,871
Extraordinary income (29) 260 4,857
Income before taxes 346,620 398,210
Income taxes (24) 139,610 152,964
Net income before minority interests 207,010 245,246
Minority interests (17) (25,327) (17,524)
Net income 181,683 227,722
Net income per ordinary share (in euros) (25) 4.01 5.02
The accompanying notes are an integral part of these consolidated financial statements.