Reebok 2011 Annual Report Download - page 180

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adidas Group
2011 Annual Report
CONSOLIDATED FINANCIAL STATEMENTS
176
2011
04.4 Consolidated Income Statement
.. adidas AG Consolidated Income Statement (IFRS) (€ in millions)
Note Year ending
Dec. 31, 2011
Year ending
Dec. 31, 2010
Change
Net sales 35 13,344 11,990 11.3%
Cost of sales 7,000 6,260 11.8%
Gross profit 6,344 5,730 10.7%
(% of net sales) 47.5% 47.8% (0.3pp)
Royalty and commission income 93 100 (6.5%)
Other operating income 29 98 110 (10.2%)
Other operating expenses 11, 13, 30 5,524 5,046 9.5%
(% of net sales) 41.4% 42.1% (0.7pp)
Operating profit 1,011 894 13.1%
(% of net sales) 7.6% 7.5% 0.1pp
Financial income 32 31 25 25.2%
Financial expenses 32 115 113 2.4%
Income before taxes 927 806 15.0%
(% of net sales) 6.9% 6.7% 0.2pp
Income taxes 33 257 238 7.9%
(% of income before taxes) 27.7% 29.5% (1.8pp)
Net income 670 568 18.0%
(% of net sales) 5.0% 4.7% 0.3pp
Net income attributable to shareholders 671 567 18.2%
(% of net sales) 5.0% 4.7% 0.3pp
Net income attributable to non-controlling interests (1) 1 (110.0%)
Basic earnings per share (in €) 34 3.20 2.71 18.2%
Diluted earnings per share (in €) 34 3.20 2.71 18.2%
Rounding differences may arise in percentages and totals.
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Income Statement
04.4