APC 2009 Annual Report Download - page 116

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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC114
CONSOLIDATED FINANCIAL STATEMENTS
5CONSOLIDATED STATEMENT OF INCOME
>
1. Consolidated statement of income
(in millions of euros except for earnings per share) Note Full year 2009 Full year 2008*
Revenue 3 15,793 18,311
Cost of sales (9,572) (10,879)
Gross profi t 6,221 7,432
Research and development expenses 4 (403) (402)
Selling, general and administrative expenses (3,770) (4,120)
Other operating income and expenses 6 88 27
EBITAR** 2,136 2,937
Restructuring costs 7 (313) (164)
EBITA*** 1,823 2,773
Amortisation and impairment of purchase accounting intangibles 8 (231) (174)
Operating profi t 1,592 2,599
Interest income 26 48
Interest expense (323) (294)
Finance costs, net (297) (246)
Other fi nancial income and expense 9 (87) (87)
Finance costs and other fi nancial income and expense, net (384) (333)
Profi t before tax 1,208 2,266
Income tax expense 10 (293) (555)
Share of profi t/(losses) of associates (21) 12
PROFIT FOR THE PERIOD 894 1,723
• Attributable to equity holders of the parent 852 1,682
• Attributable to minority interests 42 41
Basic earnings per share (in euros) 21.3 3.43 7.02
Diluted earnings per share (in euros) 3.43 7.00
* Columns2008 restated to refl ect the change in presentation of the interest component of defi ned benefi t plan costs, as described in
note1.2.
** EBITAR: Earnings Before Interests, Taxes, amortisation of purchase accounting intangibles and Restructuring costs.
*** EBITA: Earnings Before Interests, Taxes and amortisation of purchase accounting intangibles.
The accompanying notes are an integral part of the consolidated fi nancial statements.