Connect - Schneider Electric

5 CONSOLIDATED
CONSOLIDATED FINANCIAL STATEMENTS
STATEMENT OF INCOME
> 1. Consolidated statement of income
(in millions of euros except for earnings per share) Note Full year 2011 Full year 2010
Revenue 3 22,387 19,580
Cost of sales (13,958) (11,842)
Gross profi t 8,429 7,738
Research and development 4 (539) (450)
Selling, general and administrative expenses (4,658) (4,269)
EBITA adjusted* 3,232 3,019
Other operating income and expenses 6 (8) 8
Restructuring costs 7 (145) (96)
EBITA** 3,079 2,931
Amortization and impairment of purchase accounting intangibles 8 (226) (228)
Operating income 2,853 2,703
Interest income 30 24
Interest expense (331) (306)
Finance costs, net (301) (282)
Other fi nancial income and expense 9 (114) (65)
Net fi nancial income/loss (415) (347)
Profi t before tax 2,438 2,356
Income tax expense 10 (562) (566)
Share of profi t/(losses) of associates 28 6
PROFIT FOR THE PERIOD 1,904 1,796
• attributable to owners of the parent 1,820 1,720
• attributable to non-controlling interests 84 76
Basic earnings per share (in euros) 21.3 3.39 3.30
Diluted earnings per share (in euros) 3.35 3.28
* EBITA adjusted (Earnings Before Interests, Taxes, Amortization of purchase accounting intangibles and Restructuring costs) EBITA
adjusted corresponds to operating profi t before amortization and impairment of purchase accounting intangible assets, before goodwill
impairment, before other operating income and expenses and before restructuring costs.
** EBITA (Earnings Before Interests, Taxes and Amortization of purchase accounting intangibles) EBITA corresponds to operating profi t
before amortization and impairment of purchase accounting intangible assets and before goodwill impairment.
The accompanying notes are an integral part of the consolidated fi nancial statements.
152 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC