Consolidated statement of income


in million euros	Note	2011 restated²	%	2012	%	Change
Sales	22	15,605	100.0	16,510	100.0	5.8 %
Cost of sales¹	23	–8,538	–54.7	–8,778	–53.2	2.8 %
Gross profit		7,067	45.3	7,732	46.8	9.4 %
Marketing, selling and distribution expenses¹	24	–4,132	–26.5	–4,302	–26.1	4.1 %
Research and development expenses¹	25	–410	–2.6	–408	–2.5	–0.5 %
Administrative expenses¹	26	–785	–5.0	–785	–4.7	0.0 %
Other operating income	27	209	1.3	109	0.7	–47.8 %
Other operating charges	28	–184	–1.2	–147	–0.9	–20.1 %
Operating profit (EBIT)		1,765	11.3	2,199	13.3	24.6 %
Interest income		45	0.3	50	0.3	11.1 %
Interest expense		–200	–1.3	–192	–1.2	–4.0 %
Interest result		–155	–1.0	–142	–0.9	–8.4 %
Investment result		–	–	1	–	–
Financial result	29	–155	–1.0	–141	–0.9	–9.0 %
Income before tax		1,610	10.3	2,058	12.4	27.8 %
Taxes on income	30	–419	–2.7	–502	–3.0	19.8 %
Tax rate in %		26.0		24.4
Net income		1,191	7.6	1,556	9.4	30.6 %
– Attributable to non-controlling interests	31	30	0.2	46	0.3	53.3 %
– Attributable to shareholders of Henkel AG & Co. KGaA		1,161	7.4	1,510	9.1	30.1 %
¹ Restructuring charges 2012: 124 million euros (2011: 227 million euros), of which: cost of sales 40 million euros (2011: 83 million euros); marketing, selling and distribution expenses 24 million euros (2011: 51 million euros); research and development expenses 2 million euros (2011: 14 million euros); administrative expenses 58 million euros (2011: 79 million euros).

Additional voluntary information
in million euros		2011 restated²	2012	Change
EBIT (as reported)		1,765	2,199	24.6 %
One-time gains		–57	–	–
One-time charges		94³	12	–
Restructuring charges		227	124	–
Adjusted EBIT		2,029	2,335	15.1 %
Adjusted return on sales	in %	13.0	14.1	1.1 pp
Adjusted tax rate	in %	26.0	24.8	–1.2 pp
Adjusted earnings per ordinary share basic	in euros	3.12	3.68	17.9 %
Adjusted earnings per preferred share basic	in euros	3.14	3.70	17.8 %
Adjusted net income – Attributable to shareholders of Henkel AG & Co. KGaA		1,356	1,603	18.2%
² Application of IAS 8 “Accounting policies, changes in accounting estimates and errors”; see also the explanatory notes here. ³ Of which 92 million euro fine from the anti-trust case in France.

Financial Statements