Annual report 1996 in English (2.93 Mb) - About H&M
Annual report 1996 in English (2.93 Mb) - About H&M
Annual report 1996 in English (2.93 Mb) - About H&M
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Parent Company <strong>in</strong>come statement (SEK M, Note 1)95/96 94/95Gross sales <strong>in</strong>clud<strong>in</strong>g VAT* 4,083.0 3,713.5Gross sales exclud<strong>in</strong>g VAT* 3,313.8 2,995.2Operat<strong>in</strong>g expenses -3,142.6 -2,909.0Profit before depreciation and <strong>in</strong>terest 171.2 86.2Depreciation accord<strong>in</strong>g to plan, Notes 3, 4 -37.5 -30.0Profit after depreciation 133.7 56.2Dividends from subsidiaries 652.5 395.4Net <strong>in</strong>terest <strong>in</strong>come/expense, Note 5 28.3 91.7Profit before appropriations and tax 814.5 543.3Appropriations:Depreciation <strong>in</strong> excess of plan - 19.4 - 36.7Change <strong>in</strong> capital based tax equalisation reserve K 51.7 51.7Allocation to tax allocation reserve - 49.0 - 35.0Change <strong>in</strong> <strong>in</strong>vestment reserve – 5.8Profit before tax 797.8 529.1Taxes - 41.1 - 39.8Net profit for the year 756.7 489.3*Includ<strong>in</strong>g <strong>in</strong>ter-company sales
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