LensCrafters 2011 Annual Report Download - page 176

ANNUAL REPORT 2011> 100 |
CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010 (*)
(thousands of Euro) (1) Footnote reference 2011 2010
Net sales 26 6,222,483 5,798,035
Cost of sales 2,168,065 1,990,205
Gross profit 4,054,419 3,807,831
Selling 26 1,994,979 1,896,521
Royalties 26 106,322 99,606
Advertising 26 408,483 371,852
General and administrative 26 737,495 727,693
Total operating expenses 3,247,278 3,095,672
Income from operations 807,140 712,159
Other income/(expense)
Interest income 26 12,472 8,494
Interest expense 26 (121,067) (106,987)
Other – net 26 (3,273) (8,130)
Income before provision for income taxes 695,273 605,535
Provision for income taxes 26 (236,972) (218,219)
Net income from continuing operations 458,300 387,315
Discontinued operations – 19,944
Net Income 458,300 407,258
Of which attributable to:
– Luxottica Group stockholders 452,343 402,187
– Non-controlling interests 5,957 5,072
Net income 458,300 407,258
Weighted average number of shares outstanding:
Basic 460,437,198 458,711,441
Diluted 463,296,262 460,535,397
EPS:
Basic – from continuing operations 0.98 0.83
Basic – from discontinued operations 0.00 0.04
Basic 0.98 0.88
Diluted – from continuing operations 0.98 0.83
Diluted – from discontinued operations 0.00 0.04
Diluted 0.98 0.87
(1) Amounts in thousands except per share data.
(*) In accordance with IAS/IFRS. See notes to the consolidated  nancial statements.
Consolidated฀statement฀of฀income