International Financial Reporting Standards

Consolidated income statement for the financial year ended 31 December 2004

	Dutch GAAP	Effect of adopting IFRS	IFRS	Note
Sales	6,467	8	6,475
Cost of sales	- 5,326	- 8	- 5,334
Gross profit	1,141	-	1,141
Personnel cost	- 586	- 4	- 590
Depreciation tangible fixed assets	- 44		- 44
Goodwill amortisation	- 276	276	-
Other operating cost	- 294	-	- 294
Special items	23	- 5	18
Operating result	- 36	267	231
Financial income and expense (net)	- 41	-	- 41
Result from ordinary operations before taxes	- 77	267	190
Taxation	- 66	-	- 66
Result from ordinary operations after taxes	- 143	267	124
Income from associates	1	-	1
Third-party interests	- 9	-	- 9
Net loss/ income	- 151	267	116
Net income before goodwill amortisation and excluding special items	113	-4	109
Operating income before goodwill amortisation excluding special items	217	- 4	213

  

Numbers refer to paragraphs in the ‘International Financial Reporting Standards’ section.