Consolidated
income
statement
Ahold Annual Report 2012 74
Ahold at a glance
Our strategy
Our performance
Governance
Financials
Investors
million
Note
2012
2011
Net sales
7
32,841
30,271
Cost of sales
8
(24,317)
(22,350)
Gross profit
8,524
7,921
Selling expenses
(6,161)
(5,652)
General and administrative expenses
(1,176)
(922)
Total operating expenses
8
(7,337)
(6,574)
Operating income
1,187
1,347
Interest income
10
20
Interest expense
(236)
(245)
Other financial expenses
(1)
(91)
Net financial expenses
9
(227)
(316)
Income before income taxes
960
1,031
Income taxes
10
(211)
(140)
Share in income of joint ventures
14
81
141
Income from continuing operations
830
1,032
Loss from discontinued operations
5
(3)
(15)
Net income attributable to common shareholders
827
1,017
Earnings per share
29
Net income per share attributable to common shareholders
Basic
0.80
0.92
Diluted
0.77
0.89
Income from continuing operations per share attributable to common shareholders
Basic
0.80
0.93
Diluted
0.78
0.90
Weighted average number of common shares outstanding (in millions)
Basic
1,040
1,111
Diluted
1,100
1,171
The accompanying notes are an integral part of these consolidated financial statements.
