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2005 Annual report - Virbac

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61<br />

Consolidated financial statements<br />

Income statement<br />

(€ thousands) Notes <strong>2005</strong> 2004 Change<br />

SALES R1 372,403 351,404 6.0%<br />

Other operating revenues 0 0<br />

Purchases consumed -116,980 -116,181<br />

External expenses -89,888 -83,837<br />

Personnel costs -100,297 -96,116<br />

Taxes and duties -9,287 -8,758<br />

Depreciation and amortisation -13,748 -12,761<br />

Other operating revenues and expenses R2 -3,904 -4,079<br />

Operating profit from ordinary activities 38,299 29,672 29.1%<br />

Other non-recurring operating revenues and expenses R3 -6,210 -1,420<br />

OPERATING PROFIT 32,089 28,252 13.6%<br />

Other financial income and expenses R4 -1,743 -2,971<br />

PROFIT BEFORE TAX 30,346 25,281 20.0%<br />

Tax charge R5 -8,504 -7,647<br />

Share in earnings of companies accounted<br />

for by the equity method B5 229 0<br />

CONSOLIDATED NET PROFIT R6 22,071 17,634 25.2%<br />

Of which<br />

Group share 19,799 16,726 18.4%<br />

Minority interests 2,272 908<br />

Earnings per share – basic (in euros) R7 2.33 2.01<br />

Earnings per share – diluted (in euros) 2.33 2.01

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