Consolidated income statement, IFRS

EUR million

1.1. – 31.12.

Notes

2011

2010






Net sales


(1)

1,456.8

1 058.1

Cost of sales


(3)(6)(7)

-805.8

-604.0






Gross profit



651.0

454.1






Other operating income


(4)

1.8

4.3

Selling and marketing expenses


(6)(7)

-216.5

-192.9

Administration expenses


(6)(7)

-29.4

-27.6

Other operating expenses


(5)(6)(7)

-26.8

-15.8






Operating profit



380.1

222.2






Financial income


(8)

90.9

96.3

Financial expenses


(9)

-111.8

-109.7






Profit before tax



359.2

208.8






Tax expense (1


(10)

-50.3

-39.1






Profit for the period



308.9

169.7






Attributable to:





Equity holders of the parent



308.9

169.7

Non-controlling interest



0.0

0.0











Earnings per share (EPS) for the profit attributable





to the equity holders of the parent:

(11)



Basic, euros



2.39

1.34

Diluted, euros



2.32

1.32
















CONSOLIDATED OTHER COMPREHENSIVE INCOME










Result for the period



308.9

169.7

Other comprehensive income, net of tax





   Gains/Losses from hedge of net investment in
   foreign operations (2


(10)

-2.9

-17.9

   Interest rate swaps


(10)

-1.4

-0.6

   Translation differences on foreign operations



-7.6

37.0

Other comprehensive income for the period

-11.9

18.5






Total comprerensive income for the period



297.0

188.2






Total comprehensive income attributable to:





   Equity holders of the parent



297.0

188.2

   Non-controlling interest



0.0

0.0


1) Tax expense in the consolidated income statement is based on the taxable result for the period.

2) In 2009-2011 the Group had internal loans that were recognised as net investments in foreign operations in accordance with IAS 21 ‘The Effects of Changes in Foreign Exchange Rates’.