Reebok 2013 Annual Report Download - page 134

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adidas Group
/
2013 Annual Report
Group Management Report – Financial Review
130
2013
/
03.2
/
Group Business Performance
/
Income Statement
30
/
Net income attributable to shareholders by quarter
(€ in millions)
Q4 2013 1) 42
Q4 2012 2) (7)
Q3 2013 316
Q3 2012 344
Q2 2013 172
Q2 2012 165
Q1 2013 308
Q1 2012 289
1) Excluding goodwill impairment of € 52 million.
2) Excluding goodwill impairment of € 265 million.
32
/
Diluted earnings per share by quarter (in €)
Q4 2013 1) 0.20
Q4 2012 2) (0.03)
Q3 2013 1.51
Q3 2012 1.64
Q2 2013 0.82
Q2 2012 0.79
Q1 2013 1.47
Q1 2012 1.38
1) Excluding goodwill impairment of € 52 million.
2) Excluding goodwill impairment of € 265 million.
goodwill impairment losses, IBT was up 6% to € 1.186 billion from
€ 1.116 billion in 2012
/
DIAGRAM 27 and, as a percentage of sales, grew
0.7 percentage points to 8.2% from 7.5% last year.
Net income attributable to shareholders excluding
goodwill impairment up 6%
The Group’s net income attributable to shareholders increased to
€ 787 million in 2013 from € 526 million in 2012. This represents an
increase of 49% versus the prior year level. Excluding the goodwill
impairment losses, net income attributable to shareholders increased
6% to € 839 million (2012: € 791 million)
/
DIAGRAM 29. The Group’s tax
rate decreased 8.0 percentage points to 30.4% in 2013 (2012: 38.4%),
mainly due to lower non-tax-deductible goodwill impairment losses.
Excluding the goodwill impairment losses, the effective tax rate improved
0.3 percentage points to 29.0% from 29.3% last year
/
SEE NOTE 33, P. 229.
Earnings per share excluding goodwill impairment
reach € 4.01
In 2013, basic and diluted earnings per share amounted to € 3.76
(2012: € 2.52), representing an increase of 49%. Excluding the goodwill
impairment losses, basic and diluted earnings per share were up 6% to
€ 4.01, which is below our initial projections of € 4.25 to € 4.40 (2012:
€ 3.78)
/
DIAGRAM 31. The weighted average number of shares used in the
calculation was 209,216,186
/
SEE NOTE 34, P. 231.
27
/
Income before taxes 1) (€ in millions)
2013 2) 1,186
2012 3) 1,116
2011 869
2010 806
2009 358
1) 2011 restated according to IAS 8 in the 2012 consolidated financial statements.
Prior years are not restated.
2) Excluding goodwill impairment of € 52 million.
3) Excluding goodwill impairment of € 265 million.
29
/
Net income attributable to shareholders 1) (€ in millions)
2013 2) 839
2012 3) 791
2011 613
2010 567
2009 245
1) 2011 restated according to IAS 8 in the 2012 consolidated financial statements.
Prior years are not restated.
2) Excluding goodwill impairment of € 52 million.
3) Excluding goodwill impairment of € 265 million.
31
/
Diluted earnings per share 1) (in €)
2013 2) 4.01
2012 3) 3.78
2011 2.93
2010 2.71
2009 1.22
1) 2011 restated according to IAS 8 in the 2012 consolidated financial statements.
Prior years are not restated.
2) Excluding goodwill impairment of € 52 million.
3) Excluding goodwill impairment of € 265 million.
28
/
Income before taxes by quarter (€ in millions)
Q4 2013 1) 81
Q4 2012 2) 12
Q3 2013 442
Q3 2012 479
Q2 2013 236
Q2 2012 235
Q1 2013 427
Q1 2012 389
1) Excluding goodwill impairment of € 52 million.
2) Excluding goodwill impairment of € 265 million.