sain t-gobain annu al report 2008 annual report
sain t-gobain annu al report 2008 annual report
sain t-gobain annu al report 2008 annual report
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Consolidated income<br />
statement<br />
(in € millions) Notes <strong>2008</strong> 2007 2006<br />
Net s<strong>al</strong>es (32) 43,800 43,421 41,596<br />
Cost of s<strong>al</strong>es (21) (32,923) (32,235) (31,180)<br />
Selling, gener<strong>al</strong> and administrative expenses including research (21) (7,228) (7,078) (6,702)<br />
Operating income 3,649 4,108 3,714<br />
Other business income (21) 54 405 184<br />
Other business expense (21) (889) (1,357) (576)<br />
Business income 2,814 3,156 3,322<br />
Borrowing costs, gross (771) (704) (676)<br />
Income from cash and cash equiv<strong>al</strong>ents 64 78 51<br />
Borrowing costs, net (707) (626) (625)<br />
Other financi<strong>al</strong> income and expense (22) (43) (75) (123)<br />
Net financi<strong>al</strong> expense (750) (701) (748)<br />
Share in net income of associates (6) 11 14 7<br />
Income taxes (14) (638) (926) (899)<br />
Net income 1,437 1,543 1,682<br />
ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 1,378 1,487 1,637<br />
Minority interests 59 56 45<br />
Earnings per share (in €)<br />
Weighted average number of shares in issue 374,998,085 367,124,675 341,048,210<br />
Basic earnings per share (24) 3.67 4.05 4.80<br />
Weighted average number of shares assuming full dilution 376,825,178 374,344,930 363,809,234<br />
Diluted earnings per share (24) 3.66 3.97 4.54<br />
130<br />
The accompanying notes are an integr<strong>al</strong> part of the consolidated financi<strong>al</strong> statements.<br />
Saint-Gobain – Financi<strong>al</strong> Report <strong>2008</strong>
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