Consolidated Income Statement
Consolidated Income Statement € in millions
| (Note) | Year ending Dec. 31, 2006 | Year ending Dec. 31, 2005 | Change | Year ending Dec. 31, 2006 (excl. Reebok) |
Change (excl. Reebok) |
|
| Net sales |
10,084 | 6,636 | 52.0% | 7,548 | 13.7% | |
| Cost of sales |
5,589 | 3,439 | 62.6% | 3,943 | 14.7% | |
| Gross profit |
4,495 | 3,197 | 40.6% | 3,605 | 12.8% | |
| (% of net sales) |
44.6% | 48.2% | (3.6pp) | 47.8% | (0.4pp) | |
| Royalty and commission income |
90 | 47 | 90.9% | 56 | 18.2% | |
| Other operating income and expenses |
(11,13, 25) |
3,704 | 2,537 | 46.0% | 2,872 | 13.2% |
| (% of net sales) |
36.7% | 38.2% | (1.5pp) | 38.0% | (0.2pp) | |
| Operating profit |
881 | 707 | 24.5% | 789 | 11.5% | |
| (% of net sales) |
8.7% | 10.7% | (1.9pp) | 10.5% | (0.2pp) | |
| Financial income |
(27) | 39 | 42 | (5.5%) | ||
| Financial expenses |
(27) | 197 | 94 | 110.7% | ||
| Income before taxes |
723 | 655 | 10.3% | |||
| (% of net sales) |
7.2% | 9.9% | (2.7pp) | |||
| Income taxes |
(28) | 227 | 221 | 2.7% | ||
| (% of income before taxes) |
31.4% | 33.7% | (2.3pp) | |||
| Net income from continuing operations |
496 | 434 | 14.2% | |||
| (% of net sales) |
4.9% | 6.5% | (1.6pp) | |||
| Income from discontinued operations, net of tax |
— | (44) | 100.0% | |||
| Net income |
496 | 390 | 27.0% | |||
| (% of net sales) |
4.9% | 5.9% | (1.0pp) | |||
| Net income attributable to shareholders |
483 | 383 | 26.1% | |||
| (% of net sales) |
4.8% | 5.8% | (1.0pp) | |||
| Net income attributable to minority interests |
13 |
7 | 73.6% | |||
| Basic earnings per share from continuing operations (in €) 1) |
(29) | 2.37 | 2.28 | 4.0% | ||
| Diluted earnings per share from continuing operations (in €) 1) |
(29) | 2.25 | 2.15 | 4.9% | ||
| Basic earnings per share from continuing and discontinued operations (in €) 1) |
(29) | 2.37 | 2.05 | 15.9% | ||
| Diluted earnings per share from continuing and discontinued operations (in €) 1) |
(29) | 2.25 | 1.93 | 16.6% | ||
Rounding differences may arise in percentages and totals. The accompanying Notes are an integral part of these consolidated financial statements. 1) Figures adjusted for 1: 4 share split conducted on June 6, 2006. |
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