LensCrafters 2009 Annual Report Download - page 55
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CONSOLIDATED
BALANCE SHEET | 53 <
2009 2008
(Euro/000)
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Bank overdrafts 148,951 432,465
Current portion of long-term debt 166,279 286,213
Accounts payable 434,604 398,080
Accrued expenses
Payroll and related 155,101 131,630
Customers' right of return 27,335 31,363
Other 316,700 276,018
Deferred tax liability - net 10,813
Income taxes payable 11,204 18,353
Total current liabilities 1,270,987 1,574,120
LONG-TERM DEBT 2,404,189 2,519,289
LIABILITY FOR TERMINATION INDEMNITIES 54,608 55,522
DEFERRED TAX LIABILITIES - NET 236,140 233,551
OTHER LONG-TERM LIABILITIES 309,898 368,821
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Capital stock par value Euro 0.06; 464,386,383 and 463,368,233 ordinary
shares authorized and issued at December 31, 2009 and 2008, respectively;
458,038,351 and 456,933,447 shares outstanding
at December 31, 2009 and 2008, respectively 27,863 27,802
Additional paid-in capital 346,309 301,529
Retained earnings 3,003,823 2,789,894
Accumulated other comprehensive loss, net of tax (491,938) (542,646)
Total 2,886,057 2,576,580
Less treasury shares at cost; 6,348,032 and 6,434,786
shares at December 31, 2009 and 2008, respectively (82,713) (69,987)
Total Luxottica Group shareholders' equity 2,803,344 2,506,593
Noncontrolling interests 56,890 47,328
Total equity 2,860,234 2,553,921
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 7,136,056 7,305,225
(*) In accordance with US GAAP. See notes to the consolidated fi nancial statements.