Louis Vuitton 2011 Annual Report Download - page 142

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LVMH 2011
Finance
04 / 20
LVMH FINANCIAL HIGHLIGHTS
REVENUE AND PROFIT FROM RECURRING OPERATIONS
(EUR millions)
SIMPLIFIED BALANCE SHEET
AT DECEMBER 31, 2011
(EUR billions)
PROFIT FROM RECURRING OPERATIONS OPERATING INVESTMENTS
(EUR millions)
NET PROFIT, GROUP SHARE
(EUR millions)
NET FINANCIAL DEBT AND FREE CASH FLOW
(EUR millions)
2009 2010 2011
729
976
1,730
2009 2010 2011
1,755
3,032 3,065
2009 2010 2011
17,053
20,320
23,659
5,263
20% 21% 22%
4,321
3,352
Revenue
Profit from recurring
operations
Operating margin (%)
31/12/2009 31/12/2010 31/12/2011
2,994 2,678
4,660
2,177
20% 15% 20%
3,073
2,205
Net financial debt
Free cash flow(1)
Gearing(2) (%)
Assets Liabilities
47.1 47.1
12%
16%
72%
20%
30%
50%
Non-current
assets
Other current
assets
Inventories
Equity
Current
liabilities
Non-current
liabilities
(EUR millions) 2011 % of sales
Wines & Spirits 1,101 31%
Fashion & Leather Goods 3,075 35%
Perfumes & Cosmetics 348 11%
Watches & Jewelry 265 14%
Selective Retailing 716 11%
Other activities and eliminations (242) -
TOTAL 5,263 22%
(1) Net cash from (used in) operating activities and operating investments.
(2) Ratio of net financial debt to equity.