PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG
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<strong>Pfleiderer</strong> Consolidated Statement of Income For Fiscal Year 2004<br />
‘000 euros Notes Dec. 31, 2004 Dec. 31, 2003<br />
Sales revenues 900,978 848,205<br />
Cost of sales –659,459 –628,033<br />
Gross margin 241,519 220,172<br />
Selling expenses (1) –121,636 –113,577<br />
Administrative expenses –78,573 –86,827<br />
Research an development costs –1,984 –2,017<br />
Other operating income and expenses (2) 11,154 16,099<br />
Operating result 50,480 33,850<br />
Net interest (3) –18,616 –17,062<br />
Investment income 810 1,089<br />
Other financial income/loss –1,052 5<br />
Financial result<br />
Earnings of continued operations before taxes<br />
–18,858 –15,968<br />
on income and minority interests 31,622 17,882<br />
Taxes on income<br />
Earnings of continued operations before<br />
(21) –9,599 –9,255<br />
minority interests 22,023 8,627<br />
Earnings of discontinued operations (17) 27,279 –51,498<br />
Taxes on income of discontinued operations 839 1,727<br />
Earnings before minority interests 50,141 –41,144<br />
Minority interests –16,281 –4,618<br />
Earnings after minority interests 33,860 –45,762<br />
Earnings per share (basic) 0.79 –1.07<br />
Earnings per share (diluted) 0.79 –1.07<br />
Earnings of continued operations per share 0.13 0.10<br />
Earnings of discontinued operations per share 0.66 –1.17<br />
Average number of shares outstanding 42,685,000 42,678,146<br />
The accompanying notes are an integral part of these consolidated Financial Statements.<br />
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