Panalpina Annual Report 2011
Panalpina Annual Report 2011
Panalpina Annual Report 2011
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
64<br />
Consolidated Financial Statements <strong>2011</strong><br />
Consolidated Income Statement<br />
for the years ended December 31, <strong>2011</strong> and 2010<br />
in thousand CHF Notes <strong>2011</strong> 2010<br />
Forwarding services 7,925,993 8,675,826<br />
Customs, duties and taxes (1,426,345) (1,511,665)<br />
Net forwarding revenue 5 6,499,648 7,164,161<br />
Forwarding services from third parties 5 (5,022,599) (5,684,084)<br />
Gross profit 5 1,477,049 1,480,077<br />
Personnel expenses 6 (892,421) (890,937)<br />
Other operating expenses 9 (372,438) (527,051)<br />
(Losses)/gains on sales of non-current assets 10 (106) 277<br />
EBITDA 212,084 62,366<br />
Depreciation of property, plant and equipment 14 (28,484) (38,891)<br />
Amortization of intangible assets 15 (9,383) (8,113)<br />
Operating result (EBIT) 174,217 15,362<br />
Finance income 11 6,268 6,248<br />
Finance costs 11 (11,903) (15,488)<br />
Profit before income tax (EBT) 168,582 6,122<br />
Income tax expenses 12 (41,169) (32,119)<br />
Consolidated profit 127,413 (25,997)<br />
Consolidated profit attributable to:<br />
Owners of the parent 126,294 (27,350)<br />
Non-controlling interests 24 1,119 1,353<br />
Earnings per share (in CHF per share)<br />
Basic 13 5.34 (1.16)<br />
Diluted 13 5.33 (1.16)<br />
The notes on pages 70 to 125 are an integral part of these consolidated financial statements.<br />
<strong>Panalpina</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>
Change language