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financial report and registration document 2011 - Groupe SEB

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5 Financial<br />

Consolidated fi nancial statements<br />

statements<br />

5.3. FINANCIAL STATEMENTS<br />

Consolidated income statement<br />

Years ended 31 December<br />

(in € millions) <strong>2011</strong> 2010 2009<br />

Revenue (Note 3) 3,963.3 3,651.8 3,176.3<br />

Operating expenses (Note 4) (3,510.0) (3,213.9) (2,820.9)<br />

OPERATING RESULT FROM ACTIVITY (a) 453.3 437.9 355.4<br />

Statutory <strong>and</strong> discretionary employee profi t-sharing (Note 5) (43.9) (50.4) (33.5)<br />

RECURRING OPERATING PROFIT 409.4 387.6 321.9<br />

Other operating income <strong>and</strong> expense (Note 6) (8.9) (38.5) (73.8)<br />

OPERATING PROFIT 400.5 349.0 248.1<br />

Finance costs (Note 7) (19.1) (12.0) (22.6)<br />

Other fi nancial income <strong>and</strong> expense (Note 7) (8.1) (3.9) (4.6)<br />

Share of profi ts (losses) of associates 0.0 0.0 0.0<br />

PROFIT BEFORE TAX 373.3 333.1 220.9<br />

Income tax expense (Note 8) (112.4) (89.5) (58.1)<br />

PROFIT FOR THE PERIOD 260.9 243.6 162.8<br />

Non-controlling interests (Note 20) (26.4) (23.2) (16.8)<br />

PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT<br />

EARNINGS PER SHARE (in €)<br />

234.6 220.4 146.0<br />

Basic earnings per share (Note 9) 4.90 4.65 3.14<br />

Diluted earnings per share (Note 9) 4.78 4.55 3.13<br />

(a) Formerly called “Operating margin”.<br />

The accompanying Notes 1 to 32 are an integral part of these consolidated fi nancial statements.<br />

Consolidated statement of comprehensive income<br />

(in € millions) <strong>2011</strong> 2010 2009<br />

Profi t for the period 260.9 243.6 162.8<br />

Exchange differences on translating foreign operations 39.4 111.6 8.2<br />

Gains (losses) on cash fl ow hedges (8.5) 7.6 41.7<br />

Other comprehensive income 30.9 119.2 49.9<br />

COMPREHENSIVE INCOME 291.8 362.8 212.7<br />

Non-controlling interests (41.4) (39.0) (12.0)<br />

COMPREHENSIVE INCOME ATTRIBUTABLE<br />

TO OWNERS OF THE PARENT 250.4 323.8 200.7<br />

78 GROUPE <strong>SEB</strong> Financial Report <strong>and</strong> Registration Document <strong>2011</strong>

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