70
Consolidated income statement
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Investors
million
Note
2011
2010
Net sales
7
30,271
29,530
Cost of sales
8
(22,350)
(21,610)
Gross profit
7,921
7,920
Selling expenses
(5,652)
(5,714)
General and administrative expenses
(922)
(870)
Total operating expenses
8
(6,574)
(6,584)
Operating income
1,347
1,336
Interest income
20
18
Interest expense
(245)
(288)
Other financial income
(91)
11
Net financial expense
9
(316)
(259)
Income before income taxes
1,031
1,077
Income taxes
10
(140)
(271)
Share in income of joint ventures
14
141
57
Income from continuing operations
1,032
863
Loss from discontinued operations
5
(15)
(10)
Net income attributable to common shareholders
1,017
853
Earnings per share
29
Net income per share attributable to common shareholders
Basic
0.92
0.73
Diluted
0.89
0.72
Income per share from continuing operations attributable to common shareholders
Basic
0.93
0.74
Diluted
0.90
0.73
Weighted average number of common shares outstanding (in millions)
Basic
1,111
1,169
Diluted
1,171
1,230
The accompanying notes are an integral part of these consolidated financial statements.
