..

Consolidated Financial Statements

Consolidated Income Statement

for the period January 1, 2012 to December 31, 2012

 

 

 

EUR '000

Continuing operations

Note

2012

2011

Sales

(7)

2,090,403

2,140,032

Changes in inventories of finished goods and work in progress

8,229

28,489

Work performed by the Group and capitalized

57,736

30,269

Other operating income

(8)

45,401

53,134

Cost of material and purchased services

(9)

(1,303,180)

(1,275,650)

Personnel expenses

(10)

(307,756)

(287,078)

Amortization of intangible assets and depreciation of property, plant and equipment

(11)

(107,253)

(120,591)

Other operating expenses

(12)

(228,586)

(204,625)

Income from operations (EBIT) before restructuring

254,994

363,979

Result from restructuring

(13)

(23,486)

0

Income from operations (EBIT) after restructuring

 

231,508

363,979

Income from investments in associates

(14)

5,796

6,472

Income from non-current and current financial assets

(15)

4,733

5,556

Financing costs

(16)

(23,309)

(23,895)

Financial result

(12,780)

(11,867)

Allocation of profit or loss to puttable non-controlling interests

(34)

17,314

(163)

Income before tax (EBT)

236,043

351,949

Income tax expense

(17)

(55,119)

(84,554)

Profit after taxes from continuing operations

180,924

267,395

Discontinued operations

 

 

Result from discontinued operations

(5)

0

9

Profit for the year

180,924

267,404

Attributable to shareholders of Lenzing AG

175,624

258,671

Attributable to non-controlling interests

5,300

8,732

Earnings per share

(18)

EUR

EUR

diluted = undiluted

6.61

9.88