ANNUAL REPORT 2011 - Kuehne + Nagel
ANNUAL REPORT 2011 - Kuehne + Nagel
ANNUAL REPORT 2011 - Kuehne + Nagel
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56<br />
CONSOLIDATED FINANCIAL STATEMENTS <strong>2011</strong><br />
OF THE KUEHNE + NAGEL GROUP<br />
Income Statement<br />
CHF million Note <strong>2011</strong> 2010 Variance<br />
per cent<br />
Invoiced turnover 20 19,596 20,261 –3.3<br />
Customs duties and taxes –3,378 –3,403<br />
Net invoiced turnover 16,218 16,858 –3.8<br />
Net expenses for services from third parties –10,320 –10,900<br />
Gross profit 20 5,898 5,958 –1.0<br />
Personnel expenses 21 –3,386 –3,391<br />
Selling, general and administrative expenses 22 –1,542 –1,584<br />
Other operating income/expenses, net 23 8 21<br />
EBITDA 978 1,004 –2.6<br />
Depreciation of property, plant and equipment 27 –154 –164<br />
Amortisation of other intangibles 28 –69 –75<br />
Impairment of other intangibles 28 –5 –<br />
EBIT 750 765 –2.0<br />
Financial income 24 20 6<br />
Financial expenses 24 –8 –9<br />
Result from joint ventures and associates 20 4 5<br />
Earnings before tax (EBT) 766 767 –0.1<br />
Income tax 25 –160 –162<br />
Earnings for the year<br />
Attributable to:<br />
606 605 0.2<br />
Equity holders of the parent company 601 601 0.0<br />
Non-controlling interests 5 4<br />
Earnings for the year 606 605 0.2<br />
Basic earnings per share in CHF 26 5.04 5.06 –0.4<br />
Diluted earnings per share in CHF 26 5.03 5.05 –0.4
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