Reebok 2006 Annual Report Download - page 149

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145
Year ending Year ending Year ending Dec. 31, Change
(Note) Dec. 31, 2006 Dec. 31, 2005 Change 2006 (excl. Reebok) (excl. Reebok)
Net sales 10,084 6,636 52.0% 7,548 13.7%
Cost of sales 5,589 3,439 62.6% 3,943 14.7%
Gross profit 4,495 3,197 40.6% 3,605 12.8%
(% of net sales) 44.6% 48.2% (3.6pp) 47.8% (0.4pp)
Royalty and commission income 90 47 90.9% 56 18.2%
Other operating income and expenses (11,13,25) 3,704 2,537 46.0% 2,872 13.2%
(% of net sales) 36.7% 38.2% (1.5pp) 38.0% (0.2pp)
Operating profit 881 707 24.5% 789 11.5%
(% of net sales) 8.7% 10.7% (1.9pp) 10.5% (0.2pp)
Financial income (27) 39 42 (5.5%)
Financial expenses (27) 197 94 110.7%
Income before taxes 723 655 10.3%
(% of net sales) 7.2% 9.9% (2.7pp)
Income taxes (28) 227 221 2.7%
(% of income before taxes) 31.4% 33.7% (2.3pp)
Net income from continuing operations 496 434 14.2%
(% of net sales) 4.9% 6.5% (1.6pp)
Income from discontinued operations, net of tax (44) 100.0%
Net income 496 390 27.0%
(% of net sales) 4.9% 5.9% (1.0pp)
Net income attributable to shareholders 483 383 26.1%
(% of net sales) 4.8% 5.8% (1.0pp)
Net income attributable to minority interests 13 7 73.6%
Basic earnings per share from continuing operations (in €) 1) (29) 2.37 2.28 4.0%
Diluted earnings per share from continuing operations (in €) 1) (29) 2.25 2.15 4.9%
Basic earnings per share from continuing and
discontinued operations (in €) 1) (29) 2.37 2.05 15.9%
Diluted earnings per share from continuing and
discontinued operations (in €) 1) (29) 2.25 1.93 16.6%
Rounding differences may arise in percentages and totals.
The accompanying notes are an integral part of these consolidated financial statements.
1) Figures adjusted for 1: 4 share split conducted on June 6, 2006.
Consolidated Income Statement € in millions
Consolidated Balance Sheet
Consolidated Income Statement