Consolidated Income Statement

For the year ended 31 December

in millions of Swiss francs, except for per share dataNote20102009
Sales 5 4,239 3,959
Cost of sales (2,283) (2,179)
Gross profit 1,956 1,780
as % of sales 46.1% 45.0%
Marketing and distribution expenses (606) (596)
Research and product development expenses (336) (326)
Administration expenses (138) (137)
Amortisation of intangible assets 22 (194) (176)
Share of loss of jointly controlled entities 8 - (1)
Other operating income 9 8 9
Other operating expense 10 (134) (93)
Operating income 556 460
as % of sales 13.1% 11.6%
Financing costs 12 (93) (142)
Other financial income (expense), net 13 (26) (51)
Income before taxes 437 267
Income taxes 14 (97) (67)
Income for the period 340 200
Attribution
Income attributable to non-controlling interests 31 1
Income attributable to equity holders of the parent 340 199
as % of sales 8.0% 5.0%
Earnings per share – basic (CHF) 15 37.87 25.07
Earnings per share – diluted (CHF) 15 37.63 24.97

The notes to the consolidated financial statements form an integral part of these financial statements.

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