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LOral 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,440.9Finance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.6Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,343.1Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,491.6Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . 193.7Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,851.5Advertising and promotion expense . . . . . . . . . . 6,291.6Selling, general and administrative expense . . . . 4,186.9Research and development expense . . . . . . . . . . 720.5Profit before tax expense . . . . . . . . . . . . . . . . . . 3,466.7Income tax expense . . . . . . . . . . . . . . . . . . . . . . 1,025.8
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