LensCrafters 2008 Annual Report Download - page 116

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> 114 |ANNUAL REPORT 2008
US GAAP AND IAS/IFRS
RECONCILIATION OF THE
CONSOLIDATED INCOME STATEMENT
(Euro 000) US GAAP IAS/IFRS
2008 IFRS 2 IAS 2 IFRS 3 IAS 12 IAS 19 IAS 36 IAS 38 IAS 39 Total 2008
Stock Inventories Business Income Employee Impairment Intangible Derivatives adj.
option combination taxes benefit of assetsdepreciation amortized IAS-IFRS
cost
Net sales 5,201,611 5,201,611
Cost of sales (1,744,907) 3,490 (868) 2,622 (1,742,284)
Gross profit 3,456,705 3,490 (868) 2,622 3,459,327
Operating expenses:
Selling and advertising expenses (2,161,371) (5,177) (16,776) (354) 1,747 (20,559) (2,181,930)
General and administrative expenses (545,571) 31,885 (32,337) 265 (187) (545,758)
Total (2,706,942) 31,885 (5,177) (49,113) 265 (354) 1,747 (20,746) (2,727,688)
Operating income 749,763 31,885 (1,687) (49,981) 265 (354) 1,747 (18,124) 731,639
Other income (expense):
Interest expenses (135,267) (3,223) (1,321) 16,808 12,264 (123,002)
Interest income 13,265 13,265
Other - net (37,890) 4,247 90 23 4,360 (33,530)
Other expenses-net (159,892) 4,247 (3,223) (1,231) 16,831 16,625 (143,268)
Income before provision
for income taxes 589,870 36,132 (1,687) (53,204) (1,231) 265 (354) 1,747 16,831 (1,499) 588,371
Provision for income taxes (194,657) (2,594) 665 18,388 (5,607) (339) 140 (670) (5,824) 4,158 (190,499)
Income before minority interest in
income of consolidated subsidiaries 395,213 33,538 (1,022) (34,815) (6,838) (74) (214) 1,077 11,007 2,659 397,872
Minority interest in income
of consolidated subsidiaries (15,492) 7,787 7,787 (7,705)
Net income 379,722 33,538 (1,022) (27,029) (6,838) (74) (214) 1,077 11,007 10,446 390,167
Basic earnings per share (ADS) (1) 0.83 0.85
Fully diluted earnings per share (ADS) (1) 0.83 0.85
Weighted average number of
outstanding shares 456,563,502 456,563,502
Fully diluted average
number of shares 457,717,044 457,844,280
(1) In Euro
CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 31, 2008