Financial Report and Registration Document 2010 - Groupe Seb

3 NOTES
CONSOLIDATED FINANCIAL STATEMENTS
TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 4
OPERATING EXPENSES
(in € millions) 2010 2009 restated 2008 restated
Purchased raw materials and goods (1,632.7) (1,414.1) (1,423.2)
Labour costs (126.7) (125.4) (126.0)
Freight costs (64.9) (22.1) (24.0)
Other production costs (322.3) (305.4) (324.6)
COST OF SALES (SUB-TOTAL) (2,146.6) (1,867.0) (1,897.8)
Research and development costs (60.0) (50.0) (49.8)
Advertising expense (143.0) (95.2) (119.8)
Distribution and administrative expenses (864.3) (808.7) (820.9)
OPERATING EXPENSES (3,213.9) (2,820.9) (2,888.5)
As part of its migration to a new financial reporting application, the Group
revamped its accounting plan, which resulted in certain expenses (mainly
logistics expenses) being reclassifi ed in cost of sales. This changed the
structure of gross margin, but had no impact on reported operating margin.
NOTE 5
EMPLOYEE BENEFITS EXPENSE
(in € millions) 2010 2009 2008
Wages and salaries (excluding temporary staff costs) (429.3) (381.2) (384.1)
Payroll taxes (112.6) (104.1) (105.0)
Pension and other post-employment benefit plan costs (39.3) (38.3) (34.9)
Service cost under defined benefit plans (7.6) (5.0) (5.3)
Discretionary and non-discretionary profit-sharing (50.4) (33.5) (38.2)
TOTAL EMPLOYEE BENEFITS EXPENSE (639.2) (562.1) (567.5)
Breakdown by geographical
segment 2010
France
Other Western
European
countries (a)
North
America
South
America
Asia/
Pacific
Central Europe
and other
countries
Employee benefits
expense (excluding temporary staff costs) (368.3) (74.4) (41.5) (53.5) (77.2) (24.3) (639.2)
Average number of employees 5,859 1,430 693 2,142 11,794 250 22,168
Total
Breakdown by geographical
segment 2009
France
Other Western
European
countries (a)
North
America
South
America
Asia/
Pacific
Central Europe
and other
countries
Employee benefits
expense (excluding temporary staff costs) (343.7) (72.9) (34.6) (39.1) (51.7) (20.1) (562.1)
Average number of employees 6,077 1,461 638 1,997 9,313 227 19,713
Total
Breakdown by geographical
segment 2008
France
Other Western
European
countries (a)
North
America
South
America
Asia/
Pacific
Central Europe
and other
countries
Employee benefits
expense (excluding temporary staff costs) (344.8) (73.7) (35.6) (42.2) (52.4) (18.8) (567.5)
Average number of employees 6,422 1,451 746 2,289 6,535 607 18,050
(a) “Other Western European countries” correspond to the 15 other countries comprising the pre-enlargement European Union. The new EU countries are included in the “Central Europe and
other countries” segment.
Total
78 FINANCIAL REPORT AND REGISTRATION DOCUMENT 2010 GROUPE SEB