LensCrafters 2015 Annual Report Download - page 174

Separate financial statements as of December 31, 2015 Page 3 of 8
STATEMENT OF INCOME
(in euro)
STATEMENT OF INCOME Notes 12/31/2015 of which
related parties
12/31/2014 of which
related parties
Net sales 25 2,721,277,830 2,705,847,742 2,384,243,964 2,376,165,401
Other revenue and income 26 149,913,938 145,165,705 130,401,484 127,203,082
Changes in inventories 27 35,543,151 (17,180,823)
Cost of goods purchased 28 (1,365,895,092) (1,294,463,663) (1,160,771,831) (1,098,348,813)
Service costs 29 (233,969,153) (8,205,775) (199,108,426) (7,007,057)
License and lease costs 30 (234,301,165) (17,124,374) (197,497,586) (22,391,183)
Amortization and depreciation 31 (63,392,938) (56,952,405)
Personnel costs 32 (169,032,853) 16,139,411 (156,089,034) 11,871,644
of which non-recurring costs
(20,000,000)
Other operating expenses 33 (16,978,955) (2,301,986) (10,829,965) (535,907)
Income from operations 823,164,763 1,545,057,059 716,215,378 1,386,957,167
Income and expense from investments 34 19,865,776 19,865,776 108,074,660 108,074,660
Finance income 35 4,809,593 2,723,257 6,294,090 2,129,780
Finance expense 36 (73,627,929) (10,522,321) (76,885,701) (10,375,908)
Foreign currency hedge and exchange difference gains 37 139,276,469 75,902,816 70,763,007 12,032,455
Foreign currency hedge and exchange difference losses 37 (140,306,317) (81,676,472) (71,641,856) (24,746,424)
Total other income and expense (49,982,408) 6,293,056 36,604,200 87,114,563
Income before provision for income taxes 773,182,355 1,551,350,115 752,819,578 1,474,071,730
Provision for income taxes 38 (232,011,593) (204,793,492)
Net income 541,170,762 1,551,350,115 548,026,086 1,474,071,730