CDON Group Annual Report 2010

Annual Report 2010

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Note 28 Reclassification in income statements

          Jan-dec 2009
Condensed consolidated income statement (SEK thousands)         Before reclassifications Reclassifications After reclassifications
Revenue           1 746 162       1 746 162
Cost of goods sold           -1 476 858   79 167   -1 397 691
Gross profit/loss           269 304   79 167   348 471
                     
Sales & administrative expenses           -144 971   -79 095   -224 066
Other operating income and expenses, net           806   -72   734
Operating profit/loss           125 139   -   125 139
Reclassifications have been made for marketing costs and some internal warehousing costs. As such, cost of goods sold includes costs for products, distribution, warehousing, shipping, and payment transactions, as well as realised and anticipated bad debt losses. The changes were implemented at 1 January 2010 and data from 2009 has been adjusted to facilitate comparison.

CDON Group AB, P.O. Box 385, Bergsgatan 20 (visiting address), SE-201 23 Malmö, Sweden