Financial Report and Registration Document 2010 - Groupe Seb

3 FINANCIAL
CONSOLIDATED FINANCIAL STATEMENTS
STATEMENTS
FINANCIAL STATEMENTS
CONSOLIDATED INCOME STATEMENT
Years ended 31 December
(in € millions) 2010 2009 2008
Revenue (Note 3) 3,651.8 3,176.3 3,230.2
Operating expenses (Note 4) (3,213.9) (2,820.9) (2,888.5)
OPERATING MARGIN 437.9 355.4 341.7
Discretionary and non-discretionary profit-sharing (Note 5) (50.4) (33.5) (38.2)
RECURRING OPERATING PROFIT 387.6 321.9 303.5
Other operating income and expense (Note 6) (38.5) (73.8) (24.3)
OPERATING PROFIT 349.0 248.1 279.2
Finance costs (Note 7) (12.0) (22.6) (37.9)
Other financial income and expense (Note 7) (3.9) (4.6) (10.7)
Share of profits/(losses) of associates 0.0 0.0 (1.3)
PROFIT BEFORE TAX 333.1 220.9 229.3
Income tax expense (Note 8) (89.5) (58.1) (66.5)
PROFIT FOR THE PERIOD 243.6 162.8 162.8
Non-controlling interests (Note 20) (23.2) (16.8) (11.2)
PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT 220.4 146.0 151.6
EARNINGS PER SHARE (IN €)
Basic earnings per share (Note 9) 4.65 3.14 3.20
Diluted earnings per share (Note 9) 4.55 3.13 3.18
The accompanying Notes 1 to 32 are an integral part of these consolidated financial statements.
STATEMENT OF COMPREHENSIVE INCOME
(in € millions) 2010 2009 2008
Profit for the period 243.6 162.8 162.8
Exchange differences on translating foreign operations 111.6 8.2 23.9
Gains (losses) on cash flow hedges 7.6 41.7 (35.3)
Other comprehensive income 119.2 49.9 (11.4)
COMPREHENSIVE INCOME 362.8 212.7 151.4
Non-controlling interests (39.0) (12.0) (25.8)
COMPREHENSIVE INCOME ATTRIBUTABLE TO OWNERS
OF THE PARENT 323.8 200.7 125.6
62 FINANCIAL REPORT AND REGISTRATION DOCUMENT 2010 GROUPE SEB