2010Annual Report - Schneider Electric CZ, s.r.o.

5 CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENT OF INCOME
150
> 1. Consolidated statement of income
(in millions of euros except for earnings per share) Note Full year 2010 Full year 2009*
Revenue 3 19,580 15,793
Cost of sales (11,842) (9,572)
Gross profi t 7,738 6,221
Research and development 4 (450) (403)
Selling, general and administrative expenses (4,269) (3,770)
Other operating income and expenses 6 8 62
EBITAR** 3,027 2,110
Restructuring costs 7 (96) (313)
EBITA*** 2,931 1,797
Amortisation and impairment of purchase accounting intangibles 8 (228) (231)
Operating income 2,703 1,566
Interest income 24 26
Interest expense (306) (323)
Finance costs, net (282) (297)
Other fi nancial income and expense 9 (65) (87)
Net fi nancial income/loss (347) (384)
Profi t before tax 2,356 1,182
Income tax expense 10 (566) (295)
Share of profi t/(losses) of associates 6 (21)
PROFIT FOR THE PERIOD 1,796 866
• Attributable to owners of the parent 1,720 824
• Attributable to non-controlling interests 76 42
Basic earnings per share (in euros) 21.3 6.59 3.32
Diluted earnings per share (in euros) 6.55 3.31
* The 2009 fi gures are restated for the items mentioned in note 1.2 (acquisition costs and CVAE).
** EBITAR (Earnings Before Interests, Taxes, Amortisation of purchase accounting intangibles and Restructuring costs).
EBITAR corresponds to operating profi t before amortisation and impairment of purchase accounting intangible assets, before goodwill
impairment and before restructuring costs.
*** EBITA (Earnings Before Interests, Taxes and Amortisation of purchase accounting intangibles)
EBITA corresponds to operating profi t before amortisation and impairment of purchase accounting intangible assets and before goodwill
impairment.
The accompanying notes are an integral part of the consolidated fi nancial statements.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC