LensCrafters 2011 Annual Report Download - page 119

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| 43 >APPENDIXMANAGEMENT REPORT - APPENDIX
Appendix
RECONCILIATION BETWEEN PARENT COMPANY NET INCOME
AND STOCKHOLDERS’ EQUITY AND CONSOLIDATED NET INCOME
AND STOCKHOLDERS’ EQUITY
(thousands of Euro)
Net income
December 31, 2011
Stockholders’
equity
December 31, 2011
Parent company financial statements 180,887 1,842,878
Elimination of intragroup dividends (254,523) –
Trademarks and other intangible assets (net of tax effect) (47,265) (795,471)
Elimination of internal profits on inventories (net of tax effect) (10,386) (120,903)
Difference between value of investments in consolidated
companies and related share of stockholders’ equity – 2,697,781
Net income of consolidated companies 570,549 –
Other consolidation adjustments 19,038 836
Minority interests (5,957) (12,192)
Consolidated financial statements 452,323 3,612,928
NON-IAS/IFRS MEASURES
We use in this Management Report on the consolidated financial statements as of
December 31, 2011 certain performance measures that are not in accordance with IAS/
IFRS. Such non-IAS/IFRS measures are not meant to be considered in isolation or as a
substitute for items appearing on our financial statements prepared in accordance with
IAS/IFRS. Rather, these non-IAS/IFRS measures should be used as a supplement to IAS/
IFRS results to assist the reader in better understanding our operational performance.