Louis Vuitton 2007 Annual Report Download - page 73

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2007 LVMH
71
Consolidated income statement
EUR millions except for earnings per share 2007 2006 2005
REVENUE 16,481 15,306 13,910
Cost of sales (5,786) (5,481) (5,001)
GROSS MARGIN 10,695 9,825 8,909
Marketing and selling expenses (5,752) (5,364) (4,892)
General and administrative expenses (1,388) (1,289) (1,274)
PROFIT FROM RECURRING OPERATIONS 3,555 3,172 2,743
Other operating income and expenses (126) (120) (221)
OPERATING PROFIT 3,429 3,052 2,522
Cost of net financial debt (207) (173) (188)
Other financial income and expenses (45) 120 45
NET FINANCIAL INCOME (EXPENSE) (252) (53) (143)
Income taxes (853) (847) (718)
Income (loss) from investments in associates 7 8 7
NET PROFIT 2,331 2,160 1,668
of which:
minority interests 306 281 228
GROUP SHARE 2,025 1,879 1,440
BASIC GROUP SHARE OF NET EARNINGS PER SHARE (in euros) 4.27 3.98 3.06
Number of shares on which the calculation is based 474,327,943 471,901,820 470,206,389
DILUTED GROUP SHARE OF NET EARNINGS PER SHARE (in euros) 4.22 3.94 3.04
Number of shares on which the calculation is based 479,891,713 477,471,955 474,047,257