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Sanofi-aventis Delivers 2008 Results Above Guidance
Date:2/11/2009

  • In "Share of profits/losses of associates", a reversal of EUR 78 million relating to the amortization of intangible assets, net of tax. This adjustment has no cash impact on the Group.
  • 
        2007 fourth-quarter income statement
    
                            Adjusted,
                            excluding
                             selected  Selected                      Consolidated
        EUR million            items    items   Adjusted  Adjustments  (IFRS)
    
        Net sales               6,911               6,911               6,911
          Other revenues          310                 310                 310
          Cost of sales        (1,964)             (1,964)             (1,964)
        Gross profit            5,257               5,257               5,257
          Research and
           development
           expenses            (1,271)             (1,271)             (1,271)
          Selling and
           general expenses    (1,996)             (1,996)             (1,996)
          Other current
           operating income/
           expenses                15                  15                  15
          Amortization of
           intangibles            (45)                (45)    (870)      (915)
        Operating income -
         current*               1,960               1,960     (870)     1,090
          Restructuring costs               (87)      (87)                (87)
          Impairment of PP&E
           and intangibles                                     (63)       (63)
          Gain/loss on
           disposals, and
           litigation
        Operating income        1,960       (87)    1,873     (933)       940
          Financial expenses      (73)                (73)                (73)
          Financial income         45                  45                  45
        Income before tax
         and associates         1,932       (87)    1,845     (933)       912
          Income tax expense     (584)      120      (464)     347       (117)
          Sha
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    SOURCE sanofi-aventis
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