Food Lion 2010 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2010 Food Lion annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 162

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162

76
CONSOLIDATED BALANCE SHEET
CONSOLIDATED INCOME
STATEMENT
CONSOLIDATED STATEMENT
OF COMPREHENSIVE INCOME
CONSOLIDATED STATEMENT
OF CHANGES IN EQUITY CONSOLIDATED STATEMENT
OF CASH FLOWS NOTES TO THE FINANCIAL
STATEMENTS
Consolidated Income Statement
(in millions of EUR) Note 2010 2009 2008
Revenues 20 850 19 938 19 024
Cost of sales 24, 25 (15 497) (14 813) (14 204)
Gross profit 5 353 5 125 4 820
Gross margin 25.7% 25.7% 25.3%
Other operating income 27 85 78 96
Selling, general and administrative expenses 24 (4 394) (4 192) (3 962)
Other operating expenses 28 (20) (69) (50)
Operating profit 1 024 942 904
Operating margin 4.9% 4.7% 4.8%
Finance costs 29.1 (215) (208) (213)
Income from investments 29.2 12 6 11
Profit before taxes and discontinued operations 821 740 702
Income tax expense 22 (245) (228) (217)
Net profit from continuing operations 576 512 485
Result from discontinued operations (net of tax) 5.3 (1) 8 (6)
Net profit 575 520 479
Net profit attributable to non-controlling interests 1 6 12
Net profit attributable to equity holders of the Group
(Group share in net profit) 574 514 467
(in EUR)
Earnings per share 31
Basic
Net profit from continuing operations 5.74 5.07 4.76
Group share in net profit 5.73 5.16 4.70
Diluted
Net profit from continuing operations 5.69 5.00 4.65
Group share in net profit 5.68 5.08 4.59
(in thousands)
Weighted average number of shares outstanding
Basic 100 271 99 803 99 385
Diluted 101 160 101 574 103 131