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<strong>METRO</strong> <strong>AG</strong> <strong>Group</strong><br />
Income statement for the year ended December 31, 1996<br />
Note<br />
In DM million no. 1996<br />
Gross sales (incl. VAT) 25 62,024.064<br />
Value-added tax (6,990.164)<br />
Net sales 55,033.900<br />
Change in inventories of finished products and work in process 57.013<br />
Other work and material capitalized 6.793<br />
Other operating income 26 2,433.195<br />
Total operating performance 57,530.901<br />
Cost of materials 27 (39,860.703)<br />
Personnel expenses 28 (7,763.782)<br />
Amortization of intangible and depreciation of tangible assets 29 (1,217.981)<br />
Other operating expenses 30 (7,573.805)<br />
Operating result 1,114.630<br />
Income from investments 31 19.399<br />
Net financial result 32 (71.995)<br />
Result from ordinary operations 1,062.034<br />
Income taxes 33 (274.486)<br />
Other taxes (70.334)<br />
Net income 34 717.214<br />
Third-party shares in net income 35 (106.811)<br />
Transfer to reserves retained from earnings (207.037)<br />
Net earnings, <strong>Group</strong> 403.366<br />
95
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