Food Lion 2007 Annual Report Download - page 66

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CONSOLIDATED INCOME STATEMENTS
(in millions of EUR) Note 2007 2006 2005
Revenues 18,957.2 19,225.2 18,345.3
Cost of sales 30, 31 (14,161.9) (14,372.2) (13,710.1)
Gross profit 4,795.3 4,853.0 4,635.2
Gross margin 25.3% 25.2% 25.3%
Other operating income 32 107.9 82.8 70.7
Selling, general and administrative expenses 31 (3,929.5) (3,970.3) (3,766.8)
Other operating expenses 33 (36.5) (19.2) (39.2)
Operating profit 937.2 946.3 899.9
Operating margin 4.9% 4.9% 4.9%
Finance costs 34 (347.2) (295.6) (322.6)
Income from investments 35 14.5 19.9 26.1
Profit before taxes and discontinued operations 604.5 670.6 603.4
Income tax expense 26 (203.7) (245.0) (223.8)
Net profit from continuing operations 400.8 425.6 379.6
Result from discontinued operations (net of tax) 28 23.7 (65.3) (9.5)
Net profit 424.5 360.3 370.1
Net profit attributable to minority interest 14.4 8.4 4.9
Net profit attributable to equity holders of the Group
(Group share in net profit) 410.1 351.9 365.2
(in EUR)
Earnings per share 27
Basic
Net profit from continuing operations 3.96 4.39 3.99
Group share in net profit 4.20 3.71 3.89
Diluted
Net profit from continuing operations 3.81 4.19 3.81
Group share in net profit 4.04 3.55 3.71
(in thousands)
Weighted average number of shares outstanding
Basic 97,666 94,939 93,934
Diluted 103,448 101,906 100,897
CONSOLIDATED STATEMENTS OF RECOGNIZED INCOME AND EXPENSE
(in millions of EUR) 2007 2006 2005
Amortization of deferred gain (loss) on hedge, net of tax 11.0 3.2 4.1
Unrealized gain (loss) on securities held for sale, net of tax 1.3 (0.1) 0.1
Actuarial gain (loss) on defined benefit plans, net of tax 6.8 9.9 (14.2)
Exchange differences gain (loss) on translation of foreign operations (387.5) (356.6) 435.1
Net income (expense) recognized directly in equity (368.4) (343.6) 425.1
Net profit 424.5 360.3 370.1
Total recognized income and expense for the period 56.1 16.7 795.2
Amount attributable to minority interest 14.9 8.1 4.9
Amount attributable to equity holders of the Group 41.2 8.6 790.3
DELHAIZE GROUP / ANNUAL REPORT 2007
64