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56
Hamon Annual Report 2010
1. Consolidated income statement
in EUR ‘000’ note 2010 2009 2008
Revenue 8 345 533 379 777 366 679
Cost of sales (264 706) (289 976) (279 240)
Gross profit 80 827 89 801 87 439
Sales & marketing costs 9 (10 499) (10 776) (8 697)
General & administrative costs 9 (43 870) (39 922) (34 018)
Research & development costs 9 (1 705) (817) (663)
Other operating income / (expenses) 10 (1 210) 905 (1 094)
Operating profit before non-recurring items (REBIT) 23 543 39 191 42 967
Restructuring costs 11 (308) (390) (132)
Impact of Changes in consolidation scope 11 4 055 828
Impairment / reversal of impairment on non-current assets 11 (1 173)
Other non-recurring items 11 - (16) 56
Operating profit (EBIT) 26 117 38 785 43 719
Interest income 12 332 323 1 255
Interest charges 12 (5 561) (7 521) (9 904)
Result before tax 20 888 31 587 35 070
Income taxes 13 (7 709) (13 332) (14 411)
Net result from continued operations 13 179 18 255 20 659
Net result of discontinued operations 14 (22) (243) (1 788)
Net result 13 157 18 012 18 871
Equity holders of the Company 11 631 17 369 18 505
Non controlling interests 1 526 643 366
Earnings per share 16
Continued and discontinued operations
Basic earnings per share (EUR) 1,62 2,42 2,57
Diluted earnings per share (EUR) 1,62 2,42 2,57
Based on their strike price, the stock options granted
to Group employees have no dilutive impact at period(s) end.
Continued operations
Basic earnings per share (EUR) 1,62 2,45 2,82
Diluted earnings per share (EUR) 1,62 2,45 2,82
2. Consolidated statement of comprehensive income
in EUR ‘000’ 2010 2009 2008
Net result 13 157 18 012 18 871
Change in fair value of available-for-sale financial assets 2 029 294 (26)
Change in fair value of hedging instruments 0 711 (693)
Changes in currency translation reserve 7 118 572 (1 162)
Comprehensive income 22 304 19 589 16 990
Equity holders of the Company 19 901 18 980 16 734
Non controlling interests 2 403 609 256