LensCrafters 2012 Annual Report Download - page 101
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| 15 >MANAGEMENT REPORT
Adjusted net income attributable to Luxottica Group Stockholders (17) increased by
Euro111.3 million, or 24.4 percent, to Euro566.9 million in 2012 from Euro455.6 million
in the same period of 2011. Adjusted net income attributable to Luxottica Group
Stockholders(17) as a percentage of net sales increased to 8.0 percent in 2012 from 7.3
percent in the same period of 2011.
Please find the reconciliation between adjusted net income and net income in the following
table:
(millions of Euro) 2012 2011
Net income attributable to Luxottica Group stockholders 541.7 452.3
Adjustment for OPSM reorganization 15.2 6.7
Adjustment for Multiopticas Internacional extraordinary gain - (19.0)
Adjustment for 50th anniversary celebrations - 8.5
Adjustment for restructuring costs in the Retail Division - 7.1
Adjustment for tax audit related to Luxottica S.r.l. for fiscal year 2007 10.0 -
Adjusted net income attributable to Luxottica Group stockholders 566.9 455.6
In 2012 basic and diluted earnings per share were Euro1.17 and 1.15 respectively, while in
2011 basic and diluted earnings per share were Euro0.98.
In 2012 adjusted basic and diluted earnings per share (18) were Euro1.22 and Euro1.21
respectively. In 2011 adjusted basic and diluted earnings per share (18) were Euro0.99 and
Euro0.98 respectively.
(17) For a further discussion of adjusted net income attributable to Luxottica Group stockholders, see page 43 - “Non-IFRS Measures”.
(18) For a further discussion of adjusted basic and diluted earnings per share, see page 43 - “Non-IFRS Measures”.