Results
Consolidated Income Statement
| (in € million) | Year ended December 31 |
| 2011(2) | 2010(2)(3) | 2009(1)(2)(3) |
| Revenue |
29,647.3 |
28 764,2 |
27 847,7 |
| of which Revenue from operating financial assets |
383.7 |
380,9 |
375,6 |
| Cost of sales |
(24,919.0) |
(23,255.0) |
(22,677.9) |
| Selling costs |
(595.1) |
(574.8) |
(539.9) |
| General and administrative expenses |
(3,176.0) |
(3,139.5) |
(3,021.1) |
| Other operating revenue and expenses |
60.0 |
187.2 |
180.1 |
| Operating income |
1,017.2 |
1,982.1
|
1,788.9 |
| Finance costs |
(861.5) |
(851.6) |
(817.5) |
| Income from cash and cash equivalent |
113.1 |
92.7 |
92.1 |
| Other financial income and expenses |
(56.3) |
(102.5) |
(83.2) |
| Income tax expense |
(539.0) |
(319.0) |
(197.8) |
| Share of net income of associates |
12.3 |
18.0 |
8.7 |
| Net income (loss) from continuing operations |
(314.2) |
819,7 |
791,2 |
| Net income (loss) from discontinued operations |
(2.4) |
29.3 |
25.6 |
| Net income (loss) for the year |
(316.6) |
849.0 |
816.8 |
| Attributable to owners of the Company |
(489.8) |
558.5 |
559.0 |
| Attributable to non-controlling interets |
173,2 |
290.5 |
257.8 |
| (in euros) |
| NET INCOME (LOSS) ATTRIBUTABLE TO OWNERS OF THE COMPANY PER SHARE (4) |
|
|
|
| Diluted |
(0.99) |
1.16 |
1.18 |
| Basic |
(0.99) |
1.16 |
1.18 |
| NET INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWNERS OF THE COMPANY PER SHARE (4) |
|
|
|
| Diluted |
(0.97) |
1.07 |
1.15 |
| Basic |
(0.97) |
1.07 |
1.15 |
| NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO OWNERS OF THE COMPANY PER SHARE (4) |
|
|
|
| Diluted |
(0.02) |
0.09 |
0.03 |
| Basic |
(0.02) |
0.09 |
0.03 |
(1)In 2009, as part of ongoing efficiency measures, the Group reclassified certain expenses from cost of sales to selling costs and general and administrative expense. These reclassifications had no impact on operating income (see Note 20, Operating income)
(2)In accordance with IFRS 5, Non-current assets held for sale and discontinuedoperations, theIncome Statements of: – the whole Transportation business, in the process of divestiture (see Note 4) - Water activities in the Netherlands, divested in December 2010 and Environmental Services activities in Norway, divested in March 2011; – German operations in the Energy Services division, partially divested in May 2011, – household assistance services (Proxiserve) held jointly by the Water and Energy Services divisions, divested in December 2011, – urban lighting activities (Citelum) in the Energy Services division, are presented in a separate line, Net income from discontinued operations, for the years ended December 31, 2011, 2010 and 2009. Furthermore, as the divestiture process for Water activities in Gabon and Pinellas incineration activities in the United States was interrupted in the first and second semesters of 2011 respectively, these activities are no longer presented in Net income from discontinued operations.
Par ailleurs, les activités au Gabon dans l’Eau et celles d’incinération de Pinellas aux Etats-Unis dont les processus de cession ont été interrompus respectivement au cours du premier et second semestre 2011, ne sont plus présentées en résultat des activités non poursuivies.
(3) Amounts as of December 31, 2010 and December 31, 2009 re-presented pursuant to IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors - See Note 1 to the Consolidated Financial Statements.
(4)The weighted average number of shares outstanding at December 31, 2011 is 496.3 million (basic and diluted). (See Note 27, Earnings per share).
The accompanying notes are an integral part of these consolidated financial statements.
