APC 2005 Annual Report Download - page 70

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68
1
Consolidated Statement of Income
(in millions of euros except for earnings per share)
2005* 2004
Revenue
(note 22)
11,678.8 10,349.3
Cost of sales (6,923.8) (6,177.4)
Gross profit 4,755.0 4,171.9
Research and development expenses
(note 23)
(273.7) (295.1)
Selling, general and administrative expenses (2,812.8) (2,549.7)
Other operating income and expenses
(note 25)
(103.2) (40.7)
Operating profit 1,565.3 1,286.4
Finance costs, net (103.1) (64.4)
Other financial income and expenses (1.5) 5.1
Finance costs and other financial income and expense, net
(note 26)
(104.6) (59.3)
Share of profit /(losses) of associates
(note 7)
(3.6) (3.6)
Profit before tax 1,457.1 1,223.5
Income tax expense
(note 12)
(427.5) (365.2)
Profit of continuing operations 1,029.5 858.3
Discontinued operations
Profit for the period 1,029.5 858.3
- Attributable to equity holders of the parent 994.3 823.9
- Attributable to minority interests 35.2 34.4
Basic earnings per share (in euros)
(note 14.3)
4.56 3.73
Diluted earnings per share (in euros)
(note 14.3)
4.54 3.72
* IAS 32/39 applied as from January 1, 2005 with no adjustment for 2004 (note 2).
The accompanying notes are an integral part of the consolidated financial statements.
5 / Consolidated Financial
Statements at December 31, 2005