58•Consolidated financial statements
PANDORAANNUAL REPORT2014
DKKmillion
Notes
2014
2013
CONSOLIDATED INCOME STATEMENT
Revenue
2.1, 2.2
11,942
9,010
Cost of sales
2.3
-3,519
-3,011
Gross profit
8,423
5,999
Sales, distribution andmarketing expenses
2.3
-3,100
-2,397
Administrative expenses
2.3
-1,251
-921
Operating profit
2.2
4,072
2,681
Finance income
4.6
14
167
Finance costs
4.6
-214
-106
Profit before tax
3,872
2,742
Income tax expense
2.5
-774
-522
Net profit for the year
3,098
2,220
Attributable to:
Equity holders of PANDORAA/S
3,098
2,220
Net profit for the year
3,098
2,220
Earnings per share, basic (DKK)
4.2
25.0
17.2
Earnings per share, diluted (DKK)
4.2
24.7
17.0
CONSOLIDATED STATEMENTOFCOMPREHENSIVE INCOME
Net profit for the year
3,098
2,220
Items thatmay be reclassified to profit (loss) for the year
Exchange rate differences on translation of foreign subsidiaries
537
-355
- Commodity hedging instruments:
Realised in cost of sales
-5
-
Realised in net financials
12
-
Realised in inventories
171
268
Value adjustments
-172
-341
- Foreign exchange hedging instruments:
Realised innet financials
38
-9
Value adjustments
-62
-16
Income tax on other comprehensive income
2.5
5
6
Other comprehensive income, net of tax
524
-447
Total comprehensive income for the year
3,622
1,773
Attributable to:
Equity holders of PANDORAA/S
3,622
1,773
Total comprehensive income for the year
3,622
1,773
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER
