Income Statement
Federation of Migros Cooperatives
Income statementCHF thousand | Notes | | 31.12.2013 | 31.12.2012 |
Net sales revenue | 21 | | 5'186'082 | 5'147'474 |
Other operating income | 22 | | 253'641 | 252'522 |
Total operating income | | | 5'439'723 | 5'399'996 |
Cost of materials, goods and purchased services | | | 4'554'987 | 4'525'459 |
Gross operating profit | | | 884'736 | 874'537 |
Personnel expenses | 23 | | 306'510 | 287'920 |
Advertising expenses | 24 | | 213'084 | 227'365 |
Administration expenses | 25 | | 279'948 | 264'467 |
Depreciation | 26 | | 22'165 | 23'718 |
Earnings before income and taxes | | | 63'029 | 71'068 |
Financial income and expenses | 27 | | 1'779 | 33'256 |
Other income and expenses | 28 | | 657 | 428 |
Profit before taxes | | | 65'465 | 104'752 |
Taxes | | | 14'900 | 25'668 |
Net profit | | | 50'565 | 79'084 |