ANNUAL REPORT 2006-2007
ANNUAL REPORT 2006-2007
ANNUAL REPORT 2006-2007
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94<br />
THE QUALITY OF LIFE ARCHITECT EXPERIENCING AND SHARING QUALITY OF LIFE<br />
CONSOLIDATED INCOME STATEMENT<br />
IFRS Fiscal <strong>2007</strong> Fiscal <strong>2006</strong> Fiscal 2005<br />
(in millions<br />
of dollars)<br />
(in millions<br />
of euro)<br />
(in millions<br />
of euro)<br />
(in millions<br />
of euro)<br />
Revenues 17,694 13,385 12,798 11,693<br />
Cost of sales (15,065) (11,396) (10,957) (10,033)<br />
Gross profi t 2,629 1,989 1,841 1,660<br />
Sales department costs (230) (174) (159) (141)<br />
General and administrative costs (1,561) (1,181) (1,104) (1,002)<br />
Other operating income and charges 8 6 27 (67)<br />
Operating profi t 846 640 605 450<br />
Net fi nancing costs (133) (100) (108) (112)<br />
Share of profi t of associates 10 7 8 (6)<br />
Profi t for the period before tax 723 547 505 332<br />
Income tax expense (244) (184) (172) (111)<br />
Profi t for the period 479 363 333 221<br />
Profi t attributable to minority interests 21 16 10 9<br />
PROFIT ATTRIBUTABLE TO EQUITY<br />
HOLDERS OF THE PARENT<br />
458 347 323 212<br />
Basic earnings per share<br />
(in euro or U.S. dollars)<br />
2.94 2.22 2.07 1.36<br />
Diluted earnings per share<br />
(in euro or U.S. dollars)<br />
2.90 2.19 2.05 1.36<br />
Calculated at the average exchange rate for Fiscal <strong>2007</strong>: 1 euro = 1.32194 U.S. dollar.<br />
Organic growth rose to 8.4 %. The impact of exchange rates on revenues was a negative 0.1%.<br />
Excluding exchange rate effects and the impacts on Fiscal <strong>2006</strong> of sale of Spirit Cruises and fi nal settlement<br />
of the U.S. litigation, operating profi t rose by 14.5 %.
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