Südzucker International Finance B. V. Südzucker AG ... - Xetra

SÜDZUCKER GROUPCONSOLIDATED STATEMENTS OF INCOME FOR THE FINANCIALYEARSENDED FEBRUARY 28, 2003, 2002, AND 20011.3.2002 –28.2.20031.3.2001 –28.2.2002(5 million)1.3.2000 –28.2.2001Sales .......................................... 4,383.8 4,776.1 4,664.0Change in work in process and finished goodsinventories and internal costs capitalized . . . . . . . . . 24.9 (74.5) 92.1Other operating income . . . . . . . . . . . . . . . . . . . . . . . . . 129.9 150.3 207.8Cost of materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,702.1) (2,595.3) (2,592.6)Personnel expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (526.0) (684.3) (728.0)Depreciation (excluding goodwill) . . . . . . . . . . . . . . . . . (189.2) (220.2) (243.2)Other operating expenses . . . . . . . . . . . . . . . . . . . . . . . . (601.1) (887.0) (1,008.5)Operating profit ................................ 520.3 465.1 391.6Restructuring costs and other items . . . . . . . . . . . . . . . (33.0) (3.1) (42.8)Amortisation of goodwill . . . . . . . . . . . . . . . . . . . . . . . . (72.5) (29.9) (30.9)Income from ordinary operating activities .......... 414.8 432.1 317.9Financial expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . (41.1) (44.2) (53.7)Earnings before income taxes .................... 373.7 387.9 264.2Taxes on income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (58.3) (106.8) (54.9)Net earnings for the year ......................... 315.4 281.1 209.3Minority interests’ share of net earnings . . . . . . . . . . . (56.0) (49.2) (21.4)Net earnings for the year after minority interests .... 259.4 231.9 187.95/shareEarnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.52 1.45 1.30F-2