ANNUAL REPORT 2004 - ELMOS Semiconductor AG
ANNUAL REPORT 2004 - ELMOS Semiconductor AG
ANNUAL REPORT 2004 - ELMOS Semiconductor AG
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MAN<strong>AG</strong>EMENT BOARD <strong>ELMOS</strong> – THE COMPANY THE <strong>ELMOS</strong> SHARE CORPORATE GOVERNANCE<br />
74<br />
Consolidated income statement according to US-GAAP<br />
Net sales (note 12) 143,308,750 121,395,405<br />
Cost of sales 69,754,456 59,991,098<br />
Gross profit 73,554,294 61,404,307<br />
Research and development expenses 24,429,713 20,374,131<br />
Marketing and sales expenses 6,954,423 6,642,202<br />
General administrative expenses 12,619,265 12,809,220<br />
Operating income 29,550,893 21,578,754<br />
Interest expense (income) 3,442,848 3,812,961<br />
Foreign exchange net loss (income) 41,059 134,089<br />
Other net (income) / expenses 791,645 356,152<br />
Income before income taxes, equity in loss of unconsolidated subsidiaries and minority interest 25,275,341 17,275,552<br />
Income tax expenses (note 7)<br />
Current 9,628,627 6,307,541<br />
Deferred – 923,808 592,536<br />
<strong>2004</strong><br />
Euro<br />
2003<br />
Euro<br />
8,704,819 6,900,077<br />
Net income before equity in loss of unconsolidated subsidiaries and minority interest 16,570,521 10,375,475<br />
Equity in losses of unconsolidated subsidiaries – 57,233 247,090<br />
Minority interest in earnings of consolidated subsidiaries 319,254 112,763<br />
Net income 16,308,500 10,015,622<br />
Basic earnings per share (notes 2 | 9 | 10) 0.85 0.52<br />
Diluted earnings per share 0.84 0.52<br />
See notes to consolidated financial statements
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