Consolidated Statement of Income
               
MEUR Note 2011 % 2010 %
               
Net sales 4 209 100.0 4 553 100.0
Change in inventories of finished goods & work in progress     39   -164  
Work performed by the Group and capitalised     1   2  
Other operating income   47   52  
               
Material and services   -2 285   -2 372  
Employee benefit expenses   -956   -948  
Depreciation, amortisation and impairment   -113   -116  
Other operating expenses   -506   -601  
Share of result of associates and joint ventures   8   5  
               
Operating result     445 10.6 412 9.1
               
Dividend income   3   7  
Interest income   13   6  
Other financial income   10   12  
Interest expenses   -18   -18  
Other financial expenses   -23   -20  
Net income from financial assets available-for-sale       149  
               
Profit before taxes     429   548  
               
Income taxes   -136   -151  
               
Profit for the financial period     293 7.0 397 8.7
               
Attributable to:            
Equity holders of the parent company   283   386  
Non-controlling interests     10   11  
        293   397  
               
Earnings per share attributable to equity holders of the parent company:      
Earnings per share (basic and diluted), EUR*     1.44   1.96  
               
               
Statement of Comprehensive Income          
               
Profit for the financial period     293   397  
Other comprehensive income after tax:            
Exchange rate differences on translating foreign operations   -4   17  
Financial assets available-for-sale            
  Fair valuation     16   30  
  Transferred to the statement of income         -110  
Cash flow hedges     -23   -9  
Other income/expenses         1  
Other comprehensive income     -12   -71  
               
Total comprehensive income for the period     281   326  
               
Total comprehensive income attributable to:            
Equity holders of the parent company     270   313  
Non-controlling interests     11   13  
        281   326  
               
* Free share issue approved by Wärtsilä Corporation's Annual General Meeting on 3 March 2011 increased the total number of Wärtsilä shares to 197,241,130. The figures in the comparison periods have been adjusted to reflect the increased number of shares.
               
The notes are an integral part of these consolidated financial statements.
               
There are no related stories
+
There are no related storiesSwitch to Inside Stories