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sanofi-aventis: Strong Performance of Growth Platforms in Q1 2011

of Merial, previously classified as “Assets held for sale or exchange” (IFRS5 section 27).(4) Based on an average number of shares outstanding of 1,305.2 million in the first quarter of 2011 and 1,307.3 in the first quarter of 2010.* Property, Plant and Equipment.
  • See page 11 for comments on the reconciliation of business net income to consolidated net income

  • Appendix 8: 2011 first-quarter consolidated income statementMillions of eurosQ1 2011Q1 2010(1)Net sales7,7797,898Other revenues


    395Cost of sales


    (2,227)Gross profit5,8286,066Research and development expenses


    (1,143)Selling and general expenses


    (1,837)Other operating income


    152Other operating expenses


    (77)Amortization of intangible assets


    (848)Impairment of intangible assets

    (32)Fair value remeasurement of contingent consideration liabilities

    (46)Restructuring costs


    (167)Other gains and losses, and litigation

    (517)Operating income1,3582,146Financial expenses


    (103)Financial income


    58Income before tax and associates and joint ventures1,2802,101Income tax expenses


    (545)Share of profit/loss of associates and joint ventures


    236Net income 1,2961,792Net income attributable to non-controlling interests


    78Net income attributable to equity holders of sanofi-aventis 1,2181,714Average number of shares outstanding (million)


    1,307.3Earnings per share(2) (in euros)0.931.31(1) the results of operations of the Merial business previously presented as "held-for-exchange" were reclassified and included in income from continuing operations in accordance with IFRS5 section 36, following the announcement to maintain Merial and Intervet/Schering-Plough as two separate organizations.(2) Based on an aver

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