ThyssenKrupp AG
Consolidated Statements of Income

million €, earnings per share in €
* adjusted due to the presentation of discontinued operations (see Note 3) and the change of inventory method (see Note 4)
See accompanying notes to consolidated financial statements.

 

Note

  

Year ending
Sept. 30, 2002*

  

Year ending
Sept. 30, 2003*

  

Year ending
Sept. 30, 2004
               

Net sales

30

  

35,928

 

35,327

 

39,342

Cost of sales

 

  

(29,599)

 

(29,016)

 

(32,265)

Gross margin

 

  

6,329

 

6,311

 

7,077

Selling expenses

5

  

(2,901)

 

(2,794)

 

(2,717)

General and administrative expenses

 

  

(2,420)

 

(2,324)

 

(2,447)

Other operating income

6

  

499

 

348

 

367

Other operating expenses

7

  

(795)

 

(564)

 

(492)

Gain/(loss) on the disposal of subsidiaries, net

 

  

41

 

(53)

 

1

Income from operations

 

  

753

 

924

 

1,789

Financial income/(expense), net

8

  

11

 

(150)

 

(209)

Income from continuing operations before income taxes and minority interest

 

  

764

  

774

 

1,580

Provisions for income taxes

9

  

(155)

 

(161)

 

(636)

Minority interest

 

  

(33)

 

(45)

 

(60)

Income from continuing operations

 

  

576

  

568

 

884

Discontinued operations (net of tax)

3

  

(23)

  

(10)

  

20

Cumulative effects of changes in accounting principles (net of tax)

1, 21

  

(338)

  

(6)

  

0

Net income

 

  

215

 

552

 

904

Basic earnings per share

33

  

 

  

 

  

Income from continuing operations

 

  

1.12

 

1.12

 

1.77

Net income

 

  

0.42

  

1.09

  

1.81