financial report and registration document 2011 - Groupe SEB

5 Financial
Consolidated fi nancial statements
statements
5.3. FINANCIAL STATEMENTS
Consolidated income statement
Years ended 31 December
(in € millions) 2011 2010 2009
Revenue (Note 3) 3,963.3 3,651.8 3,176.3
Operating expenses (Note 4) (3,510.0) (3,213.9) (2,820.9)
OPERATING RESULT FROM ACTIVITY (a) 453.3 437.9 355.4
Statutory and discretionary employee profi t-sharing (Note 5) (43.9) (50.4) (33.5)
RECURRING OPERATING PROFIT 409.4 387.6 321.9
Other operating income and expense (Note 6) (8.9) (38.5) (73.8)
OPERATING PROFIT 400.5 349.0 248.1
Finance costs (Note 7) (19.1) (12.0) (22.6)
Other fi nancial income and expense (Note 7) (8.1) (3.9) (4.6)
Share of profi ts (losses) of associates 0.0 0.0 0.0
PROFIT BEFORE TAX 373.3 333.1 220.9
Income tax expense (Note 8) (112.4) (89.5) (58.1)
PROFIT FOR THE PERIOD 260.9 243.6 162.8
Non-controlling interests (Note 20) (26.4) (23.2) (16.8)
PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT
EARNINGS PER SHARE (in €)
234.6 220.4 146.0
Basic earnings per share (Note 9) 4.90 4.65 3.14
Diluted earnings per share (Note 9) 4.78 4.55 3.13
(a) Formerly called “Operating margin”.
The accompanying Notes 1 to 32 are an integral part of these consolidated fi nancial statements.
Consolidated statement of comprehensive income
(in € millions) 2011 2010 2009
Profi t for the period 260.9 243.6 162.8
Exchange differences on translating foreign operations 39.4 111.6 8.2
Gains (losses) on cash fl ow hedges (8.5) 7.6 41.7
Other comprehensive income 30.9 119.2 49.9
COMPREHENSIVE INCOME 291.8 362.8 212.7
Non-controlling interests (41.4) (39.0) (12.0)
COMPREHENSIVE INCOME ATTRIBUTABLE
TO OWNERS OF THE PARENT 250.4 323.8 200.7
78 GROUPE SEB Financial Report and Registration Document 2011