LensCrafters 2012 Annual Report Download - page 251

| 165 >CONSOLIDATED FINANCIAL STATEMENTS - NOTES
achieved the financial targets identified by the Board of Directors under the 2009 PSP. As
a result of these equity grants, the number of Group treasury shares was reduced from
6,186,425 as of December 31, 2011 to 4,681,025 as of December 31, 2012.
Equity attributable to non-controlling interests amounted to Euro11.9 million and Euro12.2
million as of December 31, 2012 and December 31, 2011, respectively. The decrease is
primarily due to the payment of dividends of Euro4.7 million partially offset by results for
the period equal to Euro4.2 million.
OTHER INCOME/(EXPENSE)
The composition of other income/(expense) is as follows:
Interest expense (thousands of Euro) 2012 2011
Interest expense on bank overdrafts (2,869) (2.024)
Interest expense on loans (121,049) (110,343)
Interest expense on derivatives (7,684) (6,541)
Other interest expense (6,539) (2,159)
Total interest expense (138,140) (121,067)
Interest income (thousands of Euro) 2012 2011
Interest income on bank accounts 14,928 8,496
Interest income on securities - -
Interest income on derivatives 1,689 1,481
Interest income on loans 2,293 2,495
Total interest income 18,910 12,472
Other - net from derivative financial instruments and translation
differences (1,109) 752
Other - net (5,354) (4,025)
Total other - net (6,463) (3,273)
PROVISION FOR INCOME TAXES
The income tax provision is as follows:
Income tax provision (thousands of Euro) 2012 2011
Current taxes (339,385) (252,044)
Deferred taxes 28,910 15,072
Total income tax provision (310,476) (236,972)
26. NON-
CONTROLLING
INTERESTS
27. INFORMATION
ON THE
CONSOLIDATED
STATEMENT
OF INCOME