ANNUAL REPORT 2004 - Luxottica Group

(1) Except for earnings per share
(expressed in Euro).
In thousands of Euro (1)
Net sales
Cost of sales
Gross profit
Operating expenses
Selling expenses
Royalties
Advertising expenses
General and
administrative expenses
Goodwill amortization
Toal operating expenses
Operating income
Other non-operating income/(expenses)
Financial income/(charges)
Other income/(charges), net
Other non-operating income/(expenses), net
Income before taxes
Income taxes
Income before minority interests
Minority interests
Net income
Net earnings per share (1)
Net earnings per share, diluted (1)
No. of outstanding shares
Total No. of shares
RECONCILIATION OF THE ITALIAN AND U.S. GAAP CONSOLIDATED FINANCIAL STATEMENTS
STATEMENT OF CONSOLIDATED INCOME AS OF DECEMBER 31, 2004
U.S. GAAP
2004
3,255,300
1,040,697
2,214,603
1,133,114
51,002
192,430
300,095
45,148
1,721,789
492,814
(49,453)
13,792
(35,661)
457,153
(161,665)
295,488
(8,614)
286,874
0.64
0.64
448,275,028
450,360,942
Amortization
of goodwill
53,359
53,359
(53,359)
(53,359)
(1,275)
(54,634)
(54,634)
Other
adjustments
(7,204)
1,173
(8,376)
(7,235)
43
146
(6,779)
(13,825)
5,449
(224)
3,195
2,971
8,420
4,830
13,250
415
13,665
Italian GAAP
2004
3,248,096
1,041,870
2,206,227
1,125,879
51,045
192,576
293,316
98,507
1,761,323
444,904
(49,677)
16,987
(32,690)
412,214
(158,110)
254,104
(8,199)
245,905
0.55
0.55
448,275,028
450,360,942
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