Louis Vuitton 2008 Annual Report Download - page 73

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LVMH010_2008_GB:Mise en page 1 24/03/09 11:14 Page 74
Consolidated income statement
EUR millions, except for earnings per share 2008 2007 2006
REVENUE 17,193 16,481 15,306
Cost of sales (6,012) (5,786) (5,481)
GROSS MARGIN 11,181 10,695 9,825
Marketing and selling expenses (6,104) (5,752) (5,364)
General and administrative expenses (1,449) (1,388) (1,289)
PROFIT FROM RECURRING OPERATIONS 3,628 3,555 3,172
Other operating income and expenses (143) (126) (120)
OPERATING PROFIT 3,485 3,429 3,052
Cost of net financial debt (257) (207) (173)
Other financial income and expenses (24) (45) 120
NET FINANCIAL INCOME (EXPENSE) (281) (252) (53)
Income taxes (893) (853) (847)
Income (loss) from investments in associates 7 7 8
NET PROFIT BEFORE MINORITY INTERESTS 2,318 2,331 2,160
Minority interests (292) (306) (281)
NET PROFIT - GROUP SHARE 2,026 2,025 1,879
BASIC GROUP SHARE OF NET EARNINGS PER SHARE (in euros) 4.28 4.27 3.98
Number of shares on which the calculation is based 473,554,813 474,327,943 471,901,820
DILUTED GROUP SHARE OF NET EARNINGS PER SHARE (in euros) 4.26 4.22 3.94
Number of shares on which the calculation is based 475,610,672 479,891,713 477,471,955
PASSIONATE ABOUT CREATIVITY 71