Income Statement
Federation of Migros Cooperatives
| CHF thousand | Notes | 31.12.2011 | 31.12.2010 | |
| Net sales revenue | 21 | 5'168'004 | 5'364'414 | |
| Other operating income | 22 | 240'652 | 255'727 | |
| Total operating income | 5'408'656 | 5'620'141 | ||
| Cost of materials, goods and purchased services | 4'595'946 | 4'767'272 | ||
| Gross operating profit | 812'710 | 852'869 | ||
| Personnel expenses | 23 | 256'287 | 235'648 | |
| Advertising expenses | 24 | 247'317 | 282'795 | |
| Administration expenses | 25 | 238'527 | 242'307 | |
| Depreciation | 26 | 26'096 | 14'493 | |
| Earnings before income and taxes (EBIT) | 44'483 | 77'627 | ||
| Financial income and expenses | 27 | 38'690 | - 61'758 | |
| Other income and expenses | 28 | -11 | 3'757 | |
| Profit before taxes | 83'162 | 19'625 | ||
| Taxes | 8'173 | 5'244 | ||
| Net profit | 74'989 | 14'381 | ||
The Notes referred to above can be found in the full Migros Group Annual Report (under Download).