Philips 2012 Annual Report Download - page 120
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12 Group financial statements 12.4 - 12.4
120 Annual Report 2012
12.4 Consolidated statements of income
in millions of euros unless otherwise stated
Consolidated statements of income of the Philips Group for the years ended December 31
2010 2011 2012
Sales 22,287 22,579 24,788
Cost of sales (13,265) (13,845) (15,379)
Gross margin 9,022 8,734 9,409
Selling expenses (4,808) (5,247) (5,468)
General and administrative expenses (713) (841) (798)
Research and development expenses (1,493) (1,610) (1,810)
Impairment of goodwill − (1,355) −
Other business income 93 125 297
Other business expenses (27) (75) (600)
Income from operations
12,074 (269) 1,030
Financial income
2214 112 106
Financial expenses
2(335) (352) (352)
Income before taxes 1,953 (509) 784
Income tax expense
3(497) (283) (308)
Income (loss) after taxes 1,456 (792) 476
Results relating to investments in associates:
4
- Company’s participation in income 14 18 (8)
- Other results 4 (2) (206)
Income (loss) from continuing operations 1,474 (776) 262
Discontinued operations - net of income tax
5(26) (515) (31)
Net income (loss) 1,448 (1,291) 231
Attribution of net income (loss)
Net income (loss) attributable to shareholders 1,442 (1,295) 226
Net income (loss) attributable to non-controlling interests 6 4 5
Earnings per common share attributable to shareholders
2010 2011 2012
Basic earnings per common share in euros
Income (loss) from continuing operations attributable to shareholders
61.56 (0.82) 0.28
Net income (loss) attributable to shareholders
61.53 (1.36) 0.25
Diluted earnings per common share in euros1)
Income (loss) from continuing operations attributable to shareholders
61.55 (0.82) 0.28
Net income (loss) attributable to shareholders
61.52 (1.36) 0.24
Prior periods amounts have been revised to reflect certain voluntary adopted accounting policy changes, and immaterial adjustments (see section 12.10, Significant accounting policies,
of this Annual Report). The accompanying notes are an integral part of these consolidated financial statements.
1) The incremental shares from assumed conversion are not taken into account in the periods for which there is a loss attributable to shareholders, as the effect would be antidilutive