financial report and registration document 2011 - Groupe SEB

6 Balance
Company fi nancial statements
sheet and income statement
Income statement – Years ended 31 December
(in € millions) 2011 2010
OPERATING REVENUES
Service revenues
Reversals of depreciation, amortisation and provisions, expense transfers 1.1
Other income 0.7 0.6
TOTAL 1.8 0.6
Operating expenses
Other purchases and external charges 6.7 6.4
Taxes other than on income 0.9 0.7
Wages and salaries 1.8 2.2
Payroll taxes 0.5 2.2
Depreciation and amortisation expense 1 0.3
Other expenses 0.8 1
TOTAL 11.7 12.8
LOSS FROM ORDINARY ACTIVITIES BEFORE NET FINANCIAL INCOME
Financial revenues
(9.9) (12.2)
Income from investments in subsidiaries and affi liates 147.3 78
Interest income 1.9 0.5
Reversals of provisions, expense transfers 10.1 38.1
Foreign exchange gains 322.7 169.7
Net income from sales of marketable securities 1.9 0.1
TOTAL
Financial expenses
483.9 286.4
Charges to provisions for impairment of fi nancial assets 26.1 17.7
Interest expense 26.5 13.6
Charges to provisions for currency risks 72.4 2.1
Foreign exchange losses 280.6 170.3
TOTAL 405.6 203.7
NET FINANCIAL INCOME 78.3 82.7
PROFIT FROM ORDINARY ACTIVITIES 68.4 70.5
Non-recurring income
Non-recurring income from revenue transactions 0 0.7
Non-recurring income from capital transactions 0.8 0.7
Reversals of provisions, expense transfers 4.3 17.5
TOTAL 5.1 18.9
Non-recurring expenses
Non-recurring expenses on revenue transactions 0.8 0.3
Non-recurring expenses on capital transactions 3.7 14.4
Charges to provisions 20.4 14.2
TOTAL 24.9 28.9
NET NON-RECURRING EXPENSE (19.8) (10)
Income tax (29.2) 14.8
NET PROFIT 77.8 45.7
142 GROUPE SEB Financial Report and Registration Document 2011