K+S
Weltkarte

Financial Section

Income statement    
€ million Q3/08 Q3/07 9M/08 9M/07
Revenues 1,441.4 727.1 3,838.9 2,450.4
Cost of sales 737.3 472.2 2,084.2 1,629.9
Gross profit 704.1 254.9 1,754.7 820.5
Gross margin in % 48.8 35.1 45.7 33.5
Selling expenses 178.6 162.7 589.1 548.2
General and administrative expenses 25.8 19.1 76.9 64.6
Research and development costs 4.6 3.9 13.2 11.4
Other operating income/expenses 6.2 6.3 (22.1) 51.5
Income from investments, net 0.9 3.9 1.5 4.3
Operating earnings (EBIT I) 502.2 79.4 1,054.9 252.1
Operating EBIT margin in % 34.8 10.9 27.5 10.3
Market value changes from hedging transactions (34.1) (233.5) (148.6) (221.5)
Earnings after market value changes (EBIT II) 468.1 (154.1) 906.3 30.6
Interest income, net (8.6) (9.2) (34.3) (24.2)
Other financial result 0.5 0.8 12.0 (0.3)
Financial result (8.1) (8.4) (22.3) (24.5)
Earnings before income taxes 460.0 (162.5) 884.0 6.1
Earnings before income taxes, adjusted 1) 494.1 71.0 1,032.6 227.6
Taxes on income 126.3 (54.1) 239.2 2.0
- of which deferred taxes 5.9 (42.2) 46.0 (31.1)
Earnings after taxes 333.7 (108.4) 644.8 4.1
Minority interests in earnings 0.2 – 0.3 0.1
Group earnings after taxes and minority interests 333.5 (108.4) 644.5 4.0
Elimination of market value changes after taxes 24.6 156.0 107.3 148.4
Group earnings after taxes, adjusted 1) 358.1 47.6 751.8 152.4
         
Earnings per share in € (undiluted ^= diluted) 2) 2.02 (0.66) 3.91 0.02
Earnings per share in €, adjusted 1), 2) 2.17 0.29 4.56 0.92
Average number of shares (million) 2) 165.00 165.00 164.93 164.92
         

1)  adjusted for the effect of market value changes in hedging transactions; for adjusted Group earnings, the resulting tax effects were also eliminated

2)  adjusted to share split in the ratio 1 to 4 (entry in Commercial Register: 24 June 2008; technical execution: 21 July 2008)

 

Statement of changes in
equity

Subscribed
capital
Additional
paid-in
capital		 Profit
retained/
revenue
reserves		 Differences
from foreign
currency
translation

Revaluation
reserve

Minority
interests


Equity
€ million
Balance as of 1 January 2008 108.8 7.6 829.8 (35.4) 20.2 0.8 931.8
Consolidation-related effects – – 0.6 – – – 0.6
Other neutral changes – – (1.6) 10.8 (20.3) – (11.1)
Total – – (1.0) 10.8 (20.3) – (10.5)
Capital increase out of retained earnings 56.2 – (56.2) – – – –
Dividend for the previous year – – (82.5) – – – (82.5)
Subscription of employee shares – (4.2) – – – – (4.2)
Earnings after taxes for the period – – 644.5 – – 0.3 644.8
Balance as of 30 September 2008 165.0 3.4 1,334.6 (24.6) (0.1) 1.1 1,479.4
Balance as of 1 January 2007 108.8 7.9 997.4 (15.7) 25.3 0.6 1,124.3
Market valuation of securities – – – – (4.6) – (4.6)
Consolidation-related effects – (0.1) – – – – (0.1)
Other neutral changes – – (0.2) (16.1) 0.2 – (16.1)
Total – (0.1) (0.2) (16.1) (4.4) – (20.8)
Dividend for the previous year – – (82.5) – – – (82.5)
Subscription of employee shares – (2.7) – – – – (2.7)
Earnings after taxes for the period – – 4.0 – – 0.1 4.1
Balance as of 30 September 2007 108.8 5.1 918.7 (31.8) 20.9 0.7 1,022.4
               

 

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