Corporate Magazine 2012 - Boehringer Ingelheim

usiness year 2012consolidated financial statementsC. H. Boehringer Sohn AG & Co. KG, IngelheimCONSOLIDATED PROFIT AND LOSS STATEMENT(in millions of EUR) Notes 1) 2012 2011Net sales (4.1) 14,691 13,171Changes in inventories — 46 — 101Other internal work performed and capitalised 3 4Other operating income (4.2) 1,572 1,454Total revenues 16,220 14,528Material costs (4.3) — 1,878 — 1,679Personnel costs (4.4) — 4,024 — 3,664Amortisation of intangible and depreciation of tangible assets (4.5) — 897 — 637Other operating expenses (4.6) — 7,568 — 6,276Operating income 1,853 2,272Financial income (4.7) — 117 — 198Holding income (4.8) 3 — 31Income before taxes 1,739 2,043Taxes 2) (4.9) — 502 — 567Net income (4.10) 1,237 1,4761)For explanation, see relevant section in the Notes to the consolidated financial statements.2)Due to legal requirements the disclosure of the shareholders‘ personal taxes arising from consolidated business activities as tax expenses is notallowed. These taxes are shown as withdrawals from the accrued group capital.Consolidated balance sheet / Consolidated profit and loss statement43