Basic HTML Version
LISI 2011 —
30
— financial report
Consolidated financial statements
.1
Financial statements
1.1
Income statement
(In €’000)
Notes
31/12/2011
31/12/2010
Pre-tax sales
2.6.1
925,095
776,689
Changes in stock, finished products and production in progress
25,668
3,699
Total production
950,763
780,388
Other revenues *
14,457
15,395
Total operating revenues
965,221
795,783
Consumption
2.6.2
(275,698)
(214,169)
Other purchases and external charges
2.6.3
(187,797)
(160,810)
Value added
501,726
420,803
Taxes and duties **
(7,687)
(6,459)
Personnel expenses (including temporary employees)
(371,952)
(318,679)
EBITDA
122,087
95,665
Depreciation
(47,718)
(45,798)
Net provisions
2,274
(399)
EBIT
76,643
49,467
Non-recurring operating expenses
2.6.6
(2,931)
(1,600)
Non-recurring operating revenues
2.6.6
10,645
526
Operating profit
84,356
48,393
Financing expenses and revenue on cash
2.6.7
(4,401)
(2,517)
Revenue on cash
2.6.7
658
430
Financing expenses
2.6.7
(5,059)
(2,947)
Other interest revenue and expenses
2.6.7
1,588
1,592
Other financial items
2.6.7
9,942
13,135
Other interest expenses
2.6.7
(8,354)
(11,543)
Taxes of which CVAE (Tax on Companies’ Added Value)**
2.6.8
(24,270)
(14,704)
Profit (loss) from assets held for sale
805
Profit (loss) for the period
58,078
32,764
attributable as company shareholders’ equity
58,225
32,924
Interest not granting control over the company
(147)
(161)
Earnings per share (in €):
2.6.9
5.61
3.19
Diluted earnings per share (in €):
2.6.9
5.61
3.19
* In order to provide readers of the financial statements with better information and in accordance with international standards, in the 2011 financial statements the
Company has continued the classification of revenues related to CIR (Research Tax Credit) as “Other Revenues”.
** As at December 31, 2011, in accordance with the CNC (National Accounting Committee) notice of January 14, 2010, the amount of CVAE (Tax on Companies’ Added Value)
was classified as “Corporate Taxes” (on profits) in the sum of €4.7m.
Statement of overall earnings
(In €’000)
31/12/2011
31/12/2010
Profit (loss) for the period
58,078
32,764
Other elements of overall earnings
Exchange rate spreads resulting from foreign business
4,008
12,324
Tax charge on other portions of global income
Other portions of global earnings, after taxes
4,008
12,324
Total overall income for the period
62,086
45,088
attributable as company shareholders’ equity
62,275
45,194
Interest not granting control over the company
(189)
(106)