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Annual report 2013

Consolidated financial statements (IFRS)


Consolidated income statement


€ million

Note

1 Jan.–31 Dec. 2014

%

1 Jan.–31 Dec. 2013

%

        

Net sales

 

2

9,070.6

100.0

9,315.2

100.0

Cost of goods sold

  

-7,832.3

-86.3

-8,033.8

-86.2

Gross profit

  

1,238.3

13.7

1,281.4

13.8

        

Other operating income

4

5

729.3

8.0

734.3

7.9

Employee benefit expense

6

30

-614.2

-6.8

-611.1

-6.6

Lease expenditure

  

-438.4

-4.8

-421.7

-4.5

Marketing costs

  

-237.1

-2.6

-240.7

-2.6

Property and store site maintenance

  

-120.1

-1.3

-128.4

-1.4

Information system expenses

  

-84.6

-0.9

-81.0

-0.9

Other operating expenses

 

4

-126.7

-1.4

-131.4

-1.4

Depreciation, amortisation and impairment

11

12

-195.1

-2.2

-153.0

-1.6

Operating profit

  

151.4

1.7

248.4

2.7

        

Interest income and other finance income

 

7

13.8

0.2

20.3

0.2

Interest expense and other finance costs

 

7

-15.6

-0.2

-20.4

-0.2

Foreign exchange differences

 

7

-4.4

0.0

-5.7

-0.1

Total finance income and costs

 

7

-6.1

-0.1

-5.8

-0.1

        

Investments accounted for using the equity method

  

-0.2

0.0

-0.3

0.0

Profit before tax

  

145.0

1.6

242.3

2.6

        

Income tax

 

8

-36.6

-0.4

-57.7

-0.6

        

Profit for the year

  

108.5

1.2

184.6

2.0

        

Profit for the year attributable to

      
 

Owners of the parent

  

96.0

 

173.1

 
 

Non-controlling interests

  

12.4

 

11.5

 
        

Earnings per share for profit attributable to owners of the parent

      
 

Basic, €

 

10

0.97

 

1.75

 
 

Diluted, €

 

10

0.97

 

1.75

 
        

Consolidated statement of comprehensive income


€ million

Note

1 Jan.–31 Dec. 2014

 

1 Jan.–31 Dec. 2013

 
        

Profit for the year

  

108.5

 

184.6

 
        

Items that will not be reclassified subsequently to profit or loss

      
 

Actuarial gains and losses

9

17

-19.6

 

12.2

 
        

Items that may be reclassified subsequently to profit or loss

      
 

Currency translation differences related to a foreign operation

 

9

-27.9

 

-13.9

 
 

Adjustment for hyperinflation

 

9

4.5

 

2.8

 
 

Cash flow hedge revaluation

 

9

0.9

 

-3.8

 
 

Revaluation of available-for-sale financial assets

 

9

-3.0

 

-4.9

 
 

Others

 

9

-0.2

 

-0.2

 
        

Total comprehensive income for the year, net of tax

  

-45.4

 

-7.7

 
        

Total comprehensive income for the year

  

63.1

 

176.9

 
        

Comprehensive income for the year attributable to

      
 

Owners of the parent

  

49.4

 

165.9

 
 

Non-controlling interests

  

13.6

 

11.0