Reebok 2010 Annual Report Download - page 189
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Consolidated Financial Statements Consolidated Income Statement 185
adidas AG Consolidated Income Statement (IFRS)
€ in millions
Note Year ending Dec. 31, 2010 Year ending Dec. 31, 2009 Change
Net sales 35 11,990 10,381 15.5%
Cost of sales 6,260 5,669 10.4%
Gross profit 5,730 4,712 21.6%
(% of net sales) 47.8% 45.4% 2.4pp
Royalty and commission income 100 86 16.1%
Other operating income 29 110 100 9.7%
Other operating expenses 11, 13, 30 5,046 4,390 14.9%
(% of net sales) 42.1% 42.3% (0.2pp)
Operating profit 894 508 76.0%
(% of net sales) 7.5% 4.9% 2.6pp
Financial income 32 25 19 28.3%
Financial expenses 32 113 169 (33.5%)
Income before taxes 806 358 125.0%
(% of net sales) 6.7% 3.5% 3.3pp
Income taxes 33 238 113 111.0%
(% of income before taxes) 29.5% 31.5% (2.0pp)
Net income 568 245 131.4%
(% of net sales) 4.7% 2.4% 2.4pp
Net income attributable to shareholders 567 245 131.1%
(% of net sales) 4.7% 2.4% 2.4pp
Net income attributable to non-controlling interests 1 0 794.7%
Basic earnings per share (in €) 34 2.71 1.25 116.8%
Diluted earnings per share (in €) 34 2.71 1.22 121.8%
Rounding differences may arise in percentages and totals.
The accompanying Notes are an integral part of these consolidated financial statements.
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