Question

L’Oréal reports the following income statement accounts for the year ended December 31, 2011 (euros in millions). Prepare the income statement for this company for the year ended December 31, 2011, following usual IFRS practices.
Net profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . € 2,440.9
Finance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.6
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,343.1
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,491.6
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . 193.7
Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,851.5
Advertising and promotion expense . . . . . . . . . . 6,291.6
Selling, general and administrative expense . . . . 4,186.9
Research and development expense . . . . . . . . . . 720.5
Profit before tax expense . . . . . . . . . . . . . . . . . . 3,466.7
Income tax expense . . . . . . . . . . . . . . . . . . . . . . € 1,025.8



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  • CreatedNovember 26, 2013
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