Pallet-Management-Services - AFM
Pallet-Management-Services - AFM
Pallet-Management-Services - AFM
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IFCO SYSTEMS N.V. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS<br />
US $ in thousands, except share and per share amounts Notes Year ended December 31,<br />
2006 2005<br />
Revenues:<br />
RPC-<strong>Management</strong>-<strong>Services</strong> 285,113 239,763<br />
<strong>Pallet</strong>-<strong>Management</strong>-<strong>Services</strong> 362,123 336,511<br />
Total revenues 647,236 576,274<br />
Cost of sales: (6)<br />
RPC-<strong>Management</strong>-<strong>Services</strong> 214,351 177,884<br />
<strong>Pallet</strong>-<strong>Management</strong>-<strong>Services</strong> 323,919 282,181<br />
Total cost of sales 538,270 460,065<br />
Gross profit:<br />
RPC-<strong>Management</strong>-<strong>Services</strong> 70,762 61,879<br />
<strong>Pallet</strong>-<strong>Management</strong>-<strong>Services</strong> 38,204 54,330<br />
Total gross profit 108,966 116,209<br />
Selling expenses (6) 11,782 9,229<br />
General and administrative expenses (6) 44,272 39,709<br />
Stock-based compensation expense (6, 12) 667 1,545<br />
Amortization of other assets (6) 279 179<br />
Other operating income, net (73) (681)<br />
Profit from operating activities 52,039 66,228<br />
Net gain of RPC pool adjustment 11,396 –<br />
Interest expense (19,332) (18,373)<br />
Interest income 650 812<br />
Factoring charges (439) (320)<br />
Foreign currency loss, net (2) (2,488)<br />
Income from equity entities, net (14) 265 977<br />
Other loss, net (140) (274)<br />
Result of finance activities (18,998) (19,666)<br />
Profit from continuing operations before taxes 44,437 46,562<br />
Income tax provision (9) (6,485) (2,006)<br />
Profit before discontinued operations 37,952 44,556<br />
Loss from discontinued operations (3) (665) (3,651)<br />
Net profit 37,287 40,905<br />
IFCO SYSTEMS N.V. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS (CONTINUED)<br />
US $ in thousands, except share and per share amounts Notes Year ended December 31,<br />
2006 2005<br />
Profit per share from continuing operations – basic 0.71 0.98<br />
Profit per share from continuing operations – diluted 0.70 0.81<br />
Net profit per share – basic 0.70 0.90<br />
Net profit per share – diluted 0.69 0.75<br />
Shares on which net profit is calculated: (7)<br />
Basic (1) 53,198,989 45,508,810<br />
Effect of dilutive stock options and in 2005 warrant exchange 949,911 9,352,140<br />
Diluted 54,148,900 54,860,950<br />
(1) Average outstanding shares during the period.<br />
| FINANCIAL REPORTING | CONSOLIDATED INCOME STATEMENTS / CONSOLIDATED BALANCE SHEETS |<br />
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