ANNUAL REPORT 2011 - Kuehne + Nagel

74
Consolidated Financial Statements 2011 _ _ _ _ _ _ Other Notes
b) Geographical information
Total Europe Americas
CHF million 2011 2010 2011 2010 2011 2010
Invoiced turnover (external customers) 19,596 20,261 12,396 12,978 4,017 3,985
Invoiced inter-region turnover – – 3,186 2,811 676 665
Customs duties and taxes –3,378 –3,403 –1,971 –1,986 –720 –688
Net invoiced turnover
Net expenses for services
16,218 16,858 13,611 13,803 3,973 3,962
from third parties –10,320 –10,900 –9,331 –9,394 –3,095 –3,103
Gross profit 5,898 5,958 4,280 4,409 878 859
Total expenses –4,920 –4,954 –3,716 –3,816 –729 –707
EBITDA
Depreciation of property,
978 1,004 564 593 149 152
plant and equipment –154 –164 –119 –129 –19 –19
Amortisation of other intangibles –69 –75 –62 –67 –4 –4
Impairment of other intangibles –5 – –5 – – –
EBIT 750 765 378 397 126 129
Financial income 20 6
Financial expenses –8 –9
Result from joint ventures and associates 4 5 4 5 – –
Earnings before tax (EBT) 766 767
Income tax –160 –162
Earnings for the year 606 605
Attributable to:
Equity holders of the parent company 601 601
Non-controlling interests 5 4
Earnings for the year 606 605
Non-current assets 2,239 2,058 1,678 1,588 233 181
Additional information
not regularly reported to CODM
Segment assets 6,141 5,941 3,408 3,179 821 712
Segment liabilities 3,736 3,563 2,382 2,294 538 445
Allocation of goodwill 696 590 555 500 114 84
Allocation of other intangibles
Capital expenditure property,
196 176 165 176 21 –
plant and equipment 207 134 157 93 22 26
Capital expenditure other intangibles
Property, plant and equipment,
goodwill and intangibles through
11 17 10 15 – –
business combinations 263 3 160 – 59 –
Non-cash expenses 104 119 81 105 15 10