CONSOLIDATED FINANCIAL STATEMENTS

Consolidated financial statements

Consolidated income statement

April 1 to March 31, in CHF million

 

Notes

 

2021/22

 

2020/21

 

Sales

 

2.2,2.3

 

3,363.9

 

2,601.9

 

Cost of sales

 

 

 

(903.3)

 

(728.3)

 

Gross profit

 

 

 

2,460.7

 

1,873.5

 

Research and development 1)

 

 

 

(230.5)

 

(204.8)

 

Sales and marketing 1)

 

 

 

(1,137.6)

 

(924.1)

 

General and administration

 

 

 

(320.9)

 

(250.9)

 

Other income

 

2.4

 

0.1

 

135.6

 

Other expenses

 

2.4

 

(11.6)

 

(9.8)

 

Operating profit (EBIT) 2)

 

 

 

760.0

 

619.5

 

Financial income

 

4.2

 

1.7

 

5.0

 

Financial expenses

 

4.2

 

(36.5)

 

(26.0)

 

Share of profit/(loss) in associates/joint ventures, net

 

6.2

 

3.0

 

1.9

 

Income before taxes

 

 

 

728.2

 

600.4

 

Income taxes

 

5.1

 

(64.5)

 

(15.2)

 

Income after taxes

 

 

 

663.6

 

585.3

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

Equity holders of the parent

 

 

 

649.0

 

581.0

 

Non-controlling interests

 

 

 

14.7

 

4.3

 

 

 

 

 

 

 

 

 

Basic earnings per share (CHF)

 

2.5

 

10.42

 

9.23

 

Diluted earnings per share (CHF)

 

2.5

 

10.35

 

9.19

 

1) Includes acquisition-related amortization of CHF 0.6 million (previous year: CHF 0.9 million) in “Research and development” and CHF 42.4 million (previous year: CHF 42.9 million) in “Sales and marketing”. EBITA (Earnings before financial result, share of profit/(loss) in associates/joint ventures, taxes and acquisition-related amortization) amounts to CHF 802.9 million (previous year: CHF 663.3 million). Refer to Note 2.1

2) Earnings before financial result, share of profit/(loss) in associates/joint ventures and taxes (EBIT).

The Notes are an integral part of the consolidated financial statements.