Reebok 2009 Annual Report Download - page 171

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CONSOLIDATED FINANCIAL STATEMENTS Consolidated Income Statement 167
N
°-
02
ADIDAS AG CONSOLIDATED INCOME STATEMENT (IFRS)
€ IN MILLIONS
Note Year ending
Dec. 31, 2009 Year ending
Dec. 31, 2008 Change
Net sales 35 10,381 10,799 (3.9%)
Cost of sales 5,669 5,543 2.3%
Gross profit 4,712 5,256 (10.4%)
(% of net sales) 45.4% 48.7% (3.3pp)
Royalty and commission income 86 89 (3.9%)
Other operating income 29 100 103 (2.8%)
Other operating expenses 11, 13, 30 4,390 4,378 0.3%
(% of net sales) 42.3% 40.5% 1.7pp
Operating profit 508 1,070 (52.6%)
(% of net sales) 4.9% 9.9% (5.0pp)
Financial income 32 19 37 (48.6%)
Financial expenses 32 169 203 (17.0%)
Income before taxes 358 904 (60.4%)
(% of net sales) 3.5% 8.4% (4.9pp)
Income taxes 33 113 260 (56.7%)
(% of income before taxes) 31.5% 28.8% 2.7pp
Net income 245 644 (61.9%)
(% of net sales) 2.4% 6.0% (3.6pp)
Net income attributable to shareholders 245 642 (61.8%)
(% of net sales) 2.4% 5.9% (3.6pp)
Net income attributable to minority interests 0 2 (95.1%)
Basic earnings per share (in €) 34 1.25 3.25 (61.5%)
Diluted earnings per share (in €) 34 1.22 3.07 (60.2%)
Rounding differences may arise in percentages and totals.
The accompanying Notes are an integral part of these consolidated financial statements.