Reebok 2008 Annual Report Download - page 157

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adidas Group Annual Report 2008 153
Consolidated income statement (IFRS)
€ in millions
Note Year ending Dec. 31, 2008 Year ending Dec. 31, 2007 Change
Net sales 30 10,799 10,299 4.9%
Cost of sales 5,543 5,417 2.3%
Gross profi t 5,256 4,882 7.7%
(% of net sales) 48.7% 47.4% 1.3pp
Royalty and commission income 89 102 (12.7%)
Other operating income 10, 12, 24 103 80 28.4%
Other operating expenses 10, 12, 25 4,378 4,115 6.4%
(% of net sales) 40.5% 40.0% 0.6pp
Operating profi t 1,070 949 12.7%
(% of net sales) 9.9% 9.2% 0.7pp
Financial income 27 37 36 5.4%
Financial expenses 27 203 170 19.2%
Income before taxes 904 815 11.0%
(% of net sales) 8.4% 7.9% 0.5pp
Income taxes 28 260 260 0.4%
(% of income before taxes) 28.8% 31.8% (3.0pp)
Net income 644 555 16.0%
(% of net sales) 6.0% 5.4% 0.6pp
Net income attributable to shareholders 642 551 16.4%
(% of net sales) 5.9% 5.4% 0.6pp
Net income attributable to minority interests 2 4 (38.9%)
Basic earnings per share (in €) 29 3.25 2.71 19.9%
Diluted earnings per share (in €) 29 3.07 2.57 19.6%
Rounding differences may arise in percentages and totals.
The accompanying Notes are an integral part of these consolidated fi nancial statements.