English - Siegfried

Consolidated Income Statementfor the year ended December 31In 1000 CHFNotes* 2006 2005Net sales 359 829 318 335Cost of goods sold – 239 410 – 209 762Gross profit 120 419 108 573Marketing and sales – 31 002 – 28 577Research and development – 30 271 – 26 985Administration and general overhead – 22 103 –18 242Other operating income 17 4 049 8 149Operating profit 41 092 42 918Financial income 19 1 438 597Financial expenses 19 – 6 251 – 5 059Exchange rate differences 19 873 4 203Profit before taxes 37 152 42 659Income taxes 5 – 4 760 – 6 125Net profit 32 392 36 534Thereof:- Siegfried Holding AG shareholders 32 392 36 534- Minority interests – –Earnings per share (CHF) 20 11.70 13.23Diluted earnings per share (CHF) 20 11.70 13.23* The notes on pages 64 to 84 form an integral part of the Group Financial Statements.Financial Statements Siegfried Group61