Statement of comprehensive income without taking into account the employee share ownership plan

In 2011, the Parent Company ordered the execution of valuation of the employee share ownership program to a specialized entity. The consequences of valuation (after taking into account the adjustment resulting from reduction of the quantity of shares granted to the employees) in the amount of PLN 293.0 million were captured in the "Employee share ownership program" item of the statement of comprehensive income. The following table presents the selected figures from the consolidated statement of comprehensive income for the financial year ended 31 December 2011 without taking into account the foregoing cost.

The Group’s net return on sales in 2012 was 11.2%, down by 14.2 percentage points from 2011 (without taking into account the effects of valuation which was a non-recurring event with no impact on the Group’s cash flow).

	2012	2011 (restated data)	Growth rate
Sales revenues	8,821.0	9,376.8	94.1%
Cost of products and materials sold	(6,385.8)	(5,967.1)	107.0%
Gross sales profit	2,435.2	3,409.7	71.4%
Operating profit	1,308.2	3,001.5	43.6%
Pre-tax profit	1,276.9	2,968.0	43.0%
Income tax	(288.8)	(589.0)	49.0%
Net profit	988.1	2,379.0	41.5%
Total comprehensive income	798.5	2,398.5	33.3%

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