Reebok 2015 Annual Report Download - page 188

CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Income Statement
184
4
CONSOLIDATED INCOME
STATEMENT
ADIDASAG CONSOLIDATED INCOME STATEMENT IFRS€ IN MILLIONS
Note Year ending
Dec. 31, 2015
Year ending
Dec. 31, 2014
Change
Net sales 36 16,915 14,534 16.4%
Cost of sales 8,748 7,610 14.9%
Gross profit 8,168 6,924 18.0%
(% of net sales) 48.3% 47.6% 0.6pp
Royalty and commission income 119 102 16.1%
Other operating income 30 96 138 (30.3%)
Other operating expenses 12, 14, 31 7,289 6,203 17.5%
(% of net sales) 43.1% 42.7% 0.4pp
Goodwill impairment losses 13 34 78 (55.9%)
Operating profit 1,059 883 19.9%
(% of net sales) 6.3% 6.1% 0.2pp
Financial income 33 46 19 140.5%
Financial expenses 33 67 67 (1.2%)
Income before taxes 1,039 835 24.4%
(% of net sales) 6.1% 5.7% 0.4pp
Income taxes 34 353 271 30.1%
(% of income before taxes) 34.0% 32.5% 1.5pp
Net income from continuing operations 686 564 21.6%
(% of net sales) 4.1% 3.9% 0.2pp
Losses from discontinued operations, net of tax 3 (46) (68) 32.4%
Net income 640 496 29.0%
(% of net sales) 3.8% 3.4% 0.4pp
Net income attributable to shareholders 634 490 29.3%
(% of net sales) 3.7% 3.4% 0.4pp
Net income attributable to non-controlling interests 6 6 0.5%
Basic earnings per share from continuing operations (in €) 35 3.37 2.67 26.2%
Diluted earnings per share from continuing operations (in €) 35 3.37 2.67 26.2%
Basic earnings per share from continuing and discontinued operations
(in €) 35 3.15 2.35 34.0%
Diluted earnings per share from continuing and discontinued operations
(in €) 35 3.15 2.35 34.0%
Rounding differences may arise in percentages and totals.
The accompanying notes are an integral part of these consolidated financial statements.