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24<br />
FINANCIAL INFORMATION REGARDING THE KARDEX REMSTAR GROUP<br />
Consolidated income statement<br />
TCHF<br />
Note <strong>2003</strong> 2002<br />
Net revenues 2, 3, 4 613 491 549 935<br />
Costs of goods sold and services provided (479 916) (414 001)<br />
Gross profit 133 575 135 934<br />
Administrative expenses (41 325) (42 097)<br />
Selling expenses (60 754) (63 254)<br />
Development expenses 5 (8 527) (9 089)<br />
Restructuring costs (1 048) 0<br />
Other operating result, net<br />
Profit from operations before amortization<br />
6 2 533 1 854<br />
of goodwill 24 454 23 348<br />
Amortization of goodwill (4 786) (4 909)<br />
Profit from operations 19 668 18 439<br />
Financial result 7 (4 940) (10 525)<br />
Profit before taxes and minority interests 14 728 7 914<br />
Taxes 8 (6 506) (3 816)<br />
Profit before minority interests 8 222 4 098<br />
Minority interests (142) (1 091)<br />
Net profit after minority interests 8 080 3 007
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