Transcription of FINANCIAL STATEMENTS 2018 CONSOLIDATED FINANCIAL ...
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FINANCIAL STATEMENTS 2018 CONSOLIDATED FINANCIAL ...
165 SWATCH GROUP / ANNUAL REPORT / 2018 FINANCIAL STATEMENTSFINANCIAL STATEMENTS 2018 CONSOLIDATED FINANCIAL STATEMENTSF I NAN C IAL STATEM ENTS OF THE SWATCH GROUP LTD166 SWATCH GROUP / ANNUAL REPORT / 2018 FINANCIAL STATEMENTSCONTENTS CONSOLIDATED FINANCIAL STATEMENTS 166 215 FINANCIAL review 167 CONSOLIDATED income statement 173 CONSOLIDATED balance sheet 174 CONSOLIDATED statement of cash flows 176 CONSOLIDATED statement of changes in equity 177 Notes to the CONSOLIDATED FINANCIAL STATEMENTS 178 211 1. General information 178 2. Summary of significant accounting policies 178 3. FINANCIAL risk management 185 4. Segment information 186 5. Revenues and expenses 188 6. Income taxes 189 7.
169 SWATCH˜GROU NNUA EPOR 2018 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL REVIEW Development net income (CHF million) 2018 2017 Operating result 1 154 1 002 Net financial result – 22 2 Ordinary result 1 132 1 004 Non-operating result 1 3 Profit before income taxes 1 133 1 007 Income taxes – 266 – 252 Net income 867 755 – in % of net sales 10.2% 9.5% – Change from …
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