Consolidated income statement
31 www.ahold.com/reports2008
Financial statements
AHOLD ANNUAL REPORT 2008 I 44
million
Note
2008
2007
Net sales
7
25,722
24,893
Cost of sales
8
(18,798)
(18,033)
Gross profit
6,924
6,860
Selling expenses
(4,973)
(4,980)
General and administrative expenses
(753)
(812)
Total operating expenses
8
(5,726)
(5,792)
Operating income
1,198
1,068
Interest income
110
133
Interest expense
(344)
(427)
Other financial income (expense)
20
(6)
Net financial expense
9
(214)
(300)
Income before income taxes
984
768
Income taxes
10
(225)
(153)
Share in income of joint ventures
14
109
138
Income from continuing operations
868
753
Income from discontinued operations
5
211
2,192
Net income
1,079
2,945
Attributable to:
Common shareholders
1,074
2,931
Non-controlling interests
5
14
Net income
1,079
2,945
Earnings per share (in euros)
28
Net income per share attributable to common shareholders:
Basic
0.91
2.03
Diluted
0.89
2.01
Income per share from continuing operations attributable to common shareholders:
Basic
0.74
0.52
Diluted
0.73
0.52
Weighted average number of common shares outstanding (x 1,000):
Basic
1,173,924
1,447,378
Diluted
1,237,813
1,456,484
The accompanying notes are an integral part of these consolidated financial statements.
