PDF, 1.2 MB - Pfleiderer AG
PDF, 1.2 MB - Pfleiderer AG
PDF, 1.2 MB - Pfleiderer AG
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70 being focused: being better<br />
Consolidated Statement of Income (Loss) 2002<br />
Jan. 1 – Jan. 1 –<br />
Dec. 31, 2002 Dec. 31, 2001<br />
‘000 euros ‘000 euros<br />
Sales 1,028,432 1,041,995<br />
Cost of sales – 755,347 – 736,600<br />
Gross margin 273,085 305,395<br />
Selling expenses – 117,376 – 115,801<br />
Administrative expenses – 106,336 – 104,860<br />
Research and development – 1,159 – 1,689<br />
Other income and expenses 1,966 4,872<br />
Amortization 0 – 9,652<br />
Operating result 50,180 78,265<br />
Interest income/expenses – 15,391 – 22,783<br />
Investment income/expenses 589 112<br />
Other income/expenses – 1,749 – 370<br />
EBT of continued operations before minority interests 33,629 55,224<br />
Taxes on income and earnings – 13,200 – 9,180<br />
Results of continued operations before<br />
minority interests 20,429 46,044<br />
Losses from discontinued operations – 52,452 – 14,243<br />
Income taxes on discontinued operations – 3,000 – 4,237<br />
Results before minority interests – 35,023 27,564<br />
Minority interests – 4,641 – 3,345<br />
Results after minority interests – 39,664 24,219<br />
Earnings per share – 0.93 0.57<br />
Earnings per share continued operations 0.37 1.00<br />
Average number of shares in circulation 42,673,784 42,685,000<br />
The accompanying notes are an integral part of theses Consolidated Financial Statements.
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