Reebok 2012 Annual Report Download - page 212

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adidas Group
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2012 Annual Report
Consolidated Financial Statements
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2012
Consolidated Income Statement
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04.4
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adidas AG Consolidated Income Statement (IFRS) (€ in millions)
Note Year ending
Dec. 31, 2012
Year ending
Dec. 31, 2011 1)
Change
Net sales 36 14,883 13,322 11.7%
Cost of sales 7,780 6,993 11.3%
Gross profit 7,103 6,329 12.2%
(% of net sales) 47.7% 47.5% 0.2pp
Royalty and commission income 105 93 13.0%
Other operating income 30 127 98 28.7%
Other operating expenses 12, 14, 31 6,150 5,567 10.5%
(% of net sales) 41.3% 41.8% (0.5pp)
Goodwill impairment losses 13 265 – 100.0%
Operating profit 920 953 (3.4%)
(% of net sales) 6.2% 7.2% (1.0pp)
Financial income 33 36 31 17.4%
Financial expenses 33 105 115 (7.8%)
Income before taxes 851 869 (2.1%)
(% of net sales) 5.7% 6.5% (0.8pp)
Income taxes 34 327 261 25.3%
(% of income before taxes) 38.4% 30.0% 8.4pp
Net income 524 608 (13.8%)
(% of net sales) 3.5% 4.6% (1.0pp)
Net income attributable to shareholders 526 613 (14.2%)
(% of net sales) 3.5% 4.6% (1.1pp)
Net income attributable to non-controlling interests (2) (5) 54.8%
Basic earnings per share (in €) 35 2.52 2.93 (14.2%)
Diluted earnings per share (in €) 35 2.52 2.93 (14.2%)
1) Restated according to IAS 8, see Note 03.
Rounding differences may arise in percentages and totals.
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Income Statement