ANNUAL REPORT 2004 - Luxottica Group

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Estimated annual amortization expense relating to identifiable assets, including the identifiable intangibles attributable to recent acquisitions for which the purchase price allocation is not final, is shown below: 7. INCOME TAXES Income before provision for income taxes and the provision for income taxes consisted of the following: In thousands of Euro Years ended December 31 Income before provision for income taxes: - Italian companies - Foreign companies Total Provision for income taxes: - Current Italian companies Foreign companies - Deferred Italian companies Foreign companies Total 2002 229,527 309,915 539,442 52,616 117,865 170,481 (14,204) 6,419 (7,785) 162,696 In thousands of Euro 2005 2006 2007 2008 2009 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2003 146,055 243,738 389,793 17,313 87,150 104,463 14,174 (1,309) 12,865 117,328 64,179 62,125 57,990 55,081 55,081 <strong>2004</strong> 149,479 307,674 457,153 23,194 93,057 116,251 9,017 36,397 45,414 161,665 121
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Italian statutory tax rate is the result of two components: national (“IRES”) and regional (“IRAP”) tax. IRAP could have a substantially different base for its computation than IRES. Years ended December 31 Italian statutory tax rate Aggregate effect of different rates in foreign jurisdictions Permanent differences, principally losses in subsidiary companies funded through capital contributions, net of non-deductible goodwill Effective rate 122 Reconciliation between the Italian statutory tax rate and the effective tax rate is as follows: 2002 2003 40.3% (2.3%) (7.8%) 30.2% 38.3% (1.9%) (6.3%) 30.1% <strong>2004</strong> 37.3% 0.5% (2.4%) 35.4%
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ANNUAL REPORT 2004
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ANNUAL REPORT 2004
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ANNUAL REPORT 2004
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ANNUAL REPORT 2004 PROFILE OF LUXOT
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PROFILE OF LUXOTTICA GROUP QUARTERL
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ANNUAL REPORT 2004
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ANNUAL REPORT 2004
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LUXOTTICA GROUP IN 2004 to have dir
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LUXOTTICA GROUP IN 2004 Luxottica G
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ANNUAL REPORT 2004
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DISTRIBUTION As for the performance
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DISTRIBUTION focused on the relatio
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DISTRIBUTION capacity, a direct pre
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ANNUAL REPORT 2004
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CHANGE YOUR VIEW
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www.vogue-eyewear.com
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Making its debut in 1926, Persol wa
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Launched in California in 1992, Arn
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The Sferoflex brand was acquired by
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DISTRIBUTION LICENSE BRANDS 39
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The Byblos brand has been licensed
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The Miu Miu brand was created in 19
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Sergio Tacchini, ever synonymous wi
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ANNUAL REPORT 2004
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DISTRIBUTION Today, Luxottica Group
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VERTICAL INTEGRATION Over the decad
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Over the years, Luxottica Group has
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WHOLESALE BRAND PORTFOLIO Luxottica
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Give the Gift of Sight is a Luxotti
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ANNUAL REPORT 2004
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In accordance with U.S.GAAP (1) 200
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MANAGEMENT’S DISCUSSION AND ANALY
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expenses, thanks to economies of sc
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This information is being provided
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The swap will expire on June 17, 20
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Page 74 and 75: (1) Except for earnings per share (
Page 76 and 77: (1) 1 ADS = 1 ordinary share. (2) C
Page 78 and 79: with the procedure set forth by it,
Page 80 and 81: CORPORATE GOVERNANCE Set out below
Page 82 and 83: - Sergio Erede - Sabina Grossi: Mem
Page 84 and 85: INTERNAL AUDIT COMMITTEE The commit
Page 86 and 87: 3. the Chief Financial Officer, the
Page 88 and 89: STOCK OPTIONS PLANS At the Extraord
Page 90 and 91: ANNUAL REPORT 2004 LUXOTTICA GROUP
Page 92 and 93: (1) Through 1998 the Euro/U.S. Doll
Page 94 and 95: LUXOTTICA GROUP S.P.A. We have audi
Page 96 and 97: In accordance with U.S. GAAP (1) Tr
Page 98 and 99: In accordance with U.S. GAAP In tho
Page 100 and 101: In accordance with U.S. GAAP (1) Tr
Page 102 and 103: NOTES TO CONSOLIDATED FINANCIAL STA
Page 104 and 105: Maintenance and repair expenses are
Page 106 and 107: customers take receipt of products
Page 108 and 109: In thousands Weighted average share
Page 110 and 111: The Company recognizes forfeitures
Page 112 and 113: 2. RELATED PARTY TRANSACTIONS FIXED
Page 114 and 115: In thousands of Euro Assets purchas
Page 116 and 117: This pro forma financial informatio
Page 118 and 119: The Company believes that the preli
Page 120 and 121: (1) Goodwill acquired in 2003 and 2
Page 124 and 125: Since fiscal year 2004, for income
Page 126 and 127: 8. LONG-TERM DEBT Long-term debt co
Page 128 and 129: Excluding current maturities, long-
Page 130 and 131: OBLIGATIONS AND FUNDED STATUS In th
Page 132 and 133: The accumulated benefit obligations
Page 134 and 135: CONTRIBUTIONS U.S. Holdings expects
Page 136 and 137: The following table sets forth the
Page 138 and 139: STOCK INCENTIVE PLANS Luxottica Gro
Page 140 and 141: Years ended December 31 (1) Inter-s
Page 142 and 143: In thousands of Euro Years ending D
Page 144 and 145: such higher consideration to all te
Page 146 and 147: eviewed at the end of January 2004,
Page 148 and 149: ANNUAL REPORT 2004 KEY CONTACTS AND
Page 150 and 151: EUROPE LUXOTTICA S.r.l. KILLERLOOP
Page 152 and 153: MIDDLE EAST AND FAR EAST LUXOTTICA
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ANNUAL REPORT 2004 - Luxottica Group

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