Merck 2008 Annual Report Download - page 77

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Income Statement
€ million Note 2008 2007
Sales [1] 7,201.6 6,775.1
Royalty income [2] 356.4 282.0
Total revenues 7,558.0 7,057.1
Cost of sales [3] –1,906.0 –1,779.8
Gross margin 5,652.0 5,277.3
Marketing and selling expenses [4] –2,096.6 –1,932.7
Administration expenses [5] –446.2 –444.7
Other operating income and expenses [6] –170.1 –339.8
Research and development [7] –1,234.4 –1,027.7
Amortization of intangible assets [8] –573.4 –556.7
Investment result [9] 0.1 0.3
Operating result 1,131.4 976.0
Exceptional items [10] –400.0 –775.6
Earnings before interest and tax (EBIT) 731.4 200.4
Financial result [11] –156.5 –311.3
Profit before tax 574.9 –110.9
Income tax [12] –195.8 23.1
Profit after tax from continuing operations 379.1 –87.8
Profit after tax from discontinued operations [13] –3,608.0
Profit after tax 379.1 3,520.2
Minority interest [14] –12.0 –20.1
Net profit after minority interest 367.1 3,500.1
Earnings per share from continuing
operations (in €) [15]
basic 1.69 –0.50
diluted 1.69 –0.50
Earnings per share from continuing and
discontinued operations (in €)
basic 1.69 16.21
diluted 1.69 16.21
Notes to the
Income Statement:
see page 90
72 | Merck Annual Report 2008