Income Statement
Federation of Migros Cooperatives
| CHF thousand | Notes | 31.12.2012 | 31.12.2011 | |
| Net sales revenue | 21 | 5'147'474 | 5'168'004 | |
| Other operating income | 22 | 252'522 | 240'652 | |
| Total operating income | 5'399'996 | 5'408'656 | ||
| Cost of materials, goods and purchased services | 4'525'459 | 4'595'946 | ||
| Gross operating profit | 874'537 | 812'710 | ||
| Personnel expenses | 23 | 287'920 | 256'287 | |
| Advertising expenses | 24 | 227'365 | 247'317 | |
| Administration expenses | 25 | 264'467 | 238'527 | |
| Depreciation | 26 | 23'718 | 26'096 | |
| Earnings before income and taxes | 71'068 | 44'483 | ||
| Financial income and expenses | 27 | 33'256 | 38'690 | |
| Other income and expenses | 28 | 428 | –11 | |
| Profit before taxes | 104'752 | 83'162 | ||
| Taxes | 25'668 | 8'173 | ||
| Net profit | 79'084 | 74'989 | ||
The Notes referred to above can be found in the full Migros Group Annual Report (under Download).