LensCrafters 2009 Annual Report Download - page 125

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ANNEXES | 123 <
RECONCILIATION OF THE CONSOLIDATED INCOME STATEMENT
PREPARED IN ACCORDANCE WITH US GAAP AND IAS / IFRS
FOR THE YEAR ENDED DECEMBER 31, 2009
Consolidated income statement
for the year ended December 31, 2009
US GAAP
2009 IFRS 2 IAS 2 IFRS 3 IAS 19 IAS 39 Total IAS/IFRS 2009
(Euro 000) (1) Stock
option Inventories Business
combination Employee
benefi t Derivatives/
Amortized
cost
Other Adj.
IAS-IFRS
Net sales 5,094,318 5,094,318
Cost of sales (1,768,436) 5,846 5,846 (1,762,590)
Gross profi t 3,325,882 5,846 5,846 3,331,728
Operating expenses:
Selling expenses (1,693,593) (4,019) (2,793) (6,812) (1,700,405)
Royalties (100,623) (100,623)
Advertising expenses (312,144) 206 206 (311,938)
General and administrative expenses (555,664) (8,645) (77) (2,633) (11,355) (567,019)
Trademark amortization (80,657) (80,657)
Total (2,742,680) (8,645) (4,019) (77) (2,633) (2,587) (17,961) (2,760,641)
Operating income 583,202 (8,645) 1,827 (77) (2,633) (2,587) (12,115) 571,087
Other income (expense):
Interest expenses (91,571) (2,673) (13,120) (1,768) (17,561) (109,132)
Interest income 6,887 6,887
Other - net (4,235) 180 180 (4,056)
Other income (expenses)-net (88,919) (2,673) (12,940) (1,768) (17,382) (106,301)
Income before provision for income taxes 494,283 (8,645) 1,827 (2,751) (2,633) (12,940) (4,355) (29,497) 464,786
Provision for income taxes (167,417) 1,713 (696) 244 932 4,672 664 7,528 (159,888)
Net income 326,866 (6,933) 1,131 (2,507) (1,701) (8,268) (3,691) (21,969) 304,897
less: Net income attributable to
noncontrolling interest (12,105) 6,330 6,330 (5,774)
Net income attributable to Luxottica
Group shareholders 314,762 (6,933) 1,131 3,824 (1,701) (8,268) (3,691) (15,638) 299,123
Basic earnings per share (ADS) (1) 0.69 0.65
Fully diluted earnings per share (ADS) (1) 0.69 0.65
Weighted average number
of outstanding shares 457,270,491 457,270,491
Fully diluted average number of shares 457,942,618 457,937,802
(1) Except earnings per share (ADS), which are expressed in Euro.