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Consolidated income statement<br />
Starrag Group <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> 61<br />
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CHF 1’000 <strong>2011</strong> 2010<br />
Sales revenue 2,3 354’430 199’192<br />
Change in self-manufactured products 4’036 -824<br />
Material expenses -153’716 -91’695<br />
Gross profit 204’750 106’673<br />
Personnel expenses 4 -120’722 -58’096<br />
Operating expenses 5 -54’770 -34’133<br />
Other operating income 6 1’835 1’845<br />
Earnings before interest, taxes, depreciation and amortization EBITDA 31’093 16’289<br />
Depreciation and amortization 1,7 -11’949 -6’152<br />
Earnings before interest and taxes EBIT 19’144 10’137<br />
Financial income 8 1’190 1’693<br />
Financial expenses 8 -3’017 -730<br />
Earnings before tax 17’317 11’100<br />
Income tax 25 -6’462 -3’013<br />
Net income 10’855 8’087<br />
Thereof:<br />
Shareholders of company 10’793 8’071<br />
Minority shareholders 62 16<br />
Earnings per share (in CHF) 9 3.52 3.27<br />
Diluted earnings per share (in CHF) 9 3.52 3.27<br />
Consolidated statement of<br />
comprehensive income CHF 1’000 <strong>2011</strong> 2010<br />
Net income 10’855 8’087<br />
Change in fair value Cash Flow Hedges -2’907 572<br />
Income taxes on change in fair value Cash Flow Hedges 177 -9<br />
Currency translation -4’355 -11’123<br />
Other comprehensive income -7’085 -10’560<br />
Total comprehensive income 3’770 -2’473<br />
Thereof:<br />
Shareholders of company 3’725 -2’413<br />
Minority shareholders 45 -60<br />
The enclosed notes are part of the financial statements.
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