Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012
Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012
Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012
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Consolidated and <strong>Annual</strong> Financial Statements <strong>2010</strong><br />
Consolidated Income Statement<br />
for the years ended 31 December <strong>2010</strong> and 2009<br />
78<br />
in thousand CHF Notes <strong>2010</strong> 2009<br />
Forwarding services 8,675,826 7,340,327<br />
Customs, duties and taxes (1,511,665) (1,382,414)<br />
Net forwarding revenue 5 7,164,161 5,957,913<br />
Forwarding services from third parties 5 (5,684,084) (4,581,020)<br />
Gross profit 5 1,480,077 1,376,893<br />
Personnel expenses 6 (890,937) (879,142)<br />
Other operating expenses 9 (527,051) (418,518)<br />
Gains on sales of non-current assets 10 277 495<br />
EBITDA 62,366 79,728<br />
Depreciation of property, plant and equipment 14 (38,891) (37,224)<br />
Amortization of intangible assets 15 (8,113) (10,771)<br />
Goodwill impairment 15 0 (1,823)<br />
Operating result (EBIT) 15,362 29,910<br />
Finance income 11 6,248 6,612<br />
Finance costs 11 (15,488) (22,653)<br />
Profit before income tax (EBT) 6,122 13,869<br />
Income tax expenses 12 (32,119) (3,426)<br />
Consolidated profit (25,997) 10,443<br />
Consolidated profit attributable to:<br />
Owners of the parent (27,350) 8,492<br />
Non-controlling interests 24 1,353 1,951<br />
Earnings per share (in CHF per share)<br />
Basic 13 (1.16) 0.36<br />
Diluted 13 (1.16) 0.36<br />
The notes on pages 84 to 135 are an integral part of these consolidated financial statements.<br />
<strong>Panalpina</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>
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