Louis Vuitton 2009 Annual Report Download - page 77

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Consolidated income statement
74
/
75
(EUR millions, except for earnings per share) 2009 2008 2007
REVENUE 17,053 17,193 16,481
Cost of sales (6,164) (6,012) (5,786)
GROSS MARGIN 10,889 11,181 10,695
Marketing and selling expenses (6,051) (6,104) (5,752)
General and administrative expenses (1,486) (1,449) (1,388)
PROFIT FROM RECURRING OPERATIONS 3,352 3,628 3,555
Other operating income and expenses (191) (143) (126)
OPERATING PROFIT 3,161 3,485 3,429
Cost of net financial debt (187) (257) (207)
Other financial income and expenses (155) (24) (45)
NET FINANCIAL INCOME (EXPENSE) (342) (281) (252)
Income taxes (849) (893) (853)
Income (loss) from investments in associates 3 7 7
NET PROFIT BEFORE MINORITY INTERESTS 1,973 2,318 2,331
Minority interests (218) (292) (306)
NET PROFIT, GROUP SHARE 1,755 2,026 2,025
BASIC GROUP SHARE OF NET EARNINGS PER SHARE (in euros) 3.71 4.28 4.27
Number of shares on which the calculation is based 473,597,075 473,554,813 474,327,943
DILUTED GROUP SHARE OF NET EARNINGS PER SHARE (in euros) 3.70 4.26 4.22
Number of shares on which the calculation is based 474,838,025 475,610,672 479,891,713
Consolidated statement of comprehensive gains and losses
EUR millions 2009 2008 2007
NET PROFIT BEFORE MINORITY INTERESTS 1,973 2,318 2,331
Translation adjustments (128) 257 (575)
Tax impact (20) 25 -
(148) 282 (575)
Change in value of available for sale financial assets 114 (186) 8
Amounts transferred to income statement (11) (66) (29)
Tax impact (26) 21 18
77 (231) (3)
Change in value of hedges of future foreign currency cash flows 133 138 228
Amounts transferred to income statement (125) (206) (168)
Tax impact (2) 43 (33)
6 (25) 27
Change in value of vineyard land (53) 172 80
Tax impact 18 (59) (26)
(35) 113 54
GAINS AND LOSSES RECOGNIZED IN EQUITY (100) 139 (497)
COMPREHENSIVE GAINS AND LOSSES 1,873 2,457 1,834
Minority interests (189) (352) (239)
COMPREHENSIVE GAINS AND LOSSES, GROUP SHARE 1,684 2,105 1,595