Huawei 2006 Annual Report Download - page 36

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Huawei Technologies Annual Report 2006
36
Consolidated Income Statement
Huawei Technologies Corporation
and Subsidiary Companies
For the year ended 31 December 2006 2005
USD ‘000 USD ‘000
Revenue 8,503,897 5,981,542
Cost of Sales (5,424,011) (3,559,366)
Gross Profit 3,079,886 2,422,176
Operating expenses (2,352,862) (1,601,656)
Other operating income/(loss) (106,029) 30,091
Income from Operations 620,995 850,611
Net financing costs (38,918) (38,369)
Share of losses of associates (15,025) (12,552)
Income before income taxes 567,052 799,690
Income taxes expense (54,664) (115,788)
Minority Interest (200) (3,079)
Net Income for the year 512,188 680,823