Income Statement Including Statement of Recognised Income and Expense

Income statement

(€ thousands)   Notes   2010   2009
Sales revenue   10   1,939,254   1,892,840
         
Changes in inventories     12,260   – 13,442
Work performed and capitalised     2,271   2,448
Total output of operations     1,953,785   1,881,846
         
Other operating income   11   35,921   32,274
Cost of materials   12   – 790,855   – 736,026
Staff costs   13   – 649,844   – 618,268
Depreciation and amortisation expense   1   – 48,148   – 43,372
Other operating expenses   14   – 339,507   – 323,705
Other taxes     – 8,304   – 8,551
    153,048   184,198
         
Financial income   15   11,410   9,407
Financial expense   15   – 28,662   – 20,821
    – 17,252   – 11,414
         
Earnings before income taxes     135,796   172,784
Taxes on income   16   – 45,836   – 50,426
Earnings after income taxes     89,960   122,358
Attributable to:      
   Non-controlling interest   17   12,525   14,744
   Shareholders of KSB AG     77,435   107,614
         
Diluted and basic earnings per ordinary share (€)   19   44.09   61.32
Diluted and basic earnings per preference share (€)   19   44.35   61.58

Statement of Recognised Income and Expense

(€ thousands)   2010   2009
Earnings after income taxes   89,960   122,358
Measurement of financial instruments   – 380   1,107
Currency translation differences   39,099   14,648
Other income and expense recognised directly in equity   507   865
Taxes on items recognised directly in equity   – 220   – 305
Total earnings recognised directly in equity   39,006   16,315
Total recognised income and expense   128,966   138,673
Attributable to:    
   Non-controlling interest   21,004   13,655
   Shareholders of KSB AG   107,962   125,018