Basel, 01 February 2012
Full reconciliation of Chugai 2011 results into IFRS
Results of Chugai as consolidated by the Roche Group
Following the publication of Chugai’s official 2011 results, Roche offers this investor update which reconciles these results with the results for Chugai published by Roche as part of the Roche Group’s 2011 results.
The common stock of Chugai is publicly traded and is listed on the Tokyo Stock Exchange (TSE: 4519). Chugai prepares financial statements in conformity with accounting principles generally accepted in Japan (JGAAP). These are filed on a quarterly basis with the Tokyo Stock Exchange.
Due to certain consolidation entries and differences in the requirements of International Financial Reporting Standards (IFRS) and JGAAP, there are differences between Chugai’s stand-alone financial results on a JGAAP basis and the financial results of Chugai as consolidated by the Roche Group in accordance with IFRS. For further information please refer to Note 3 of the Roche 2011 financial statements.
Please do not hesitate to contact us if you have any further questions.
|JPY billions||CHF millions a)|
|Operating profit (JGAAP basis)||62.4|
|- depreciation basis difference||2.6|
|- classification of extraordinary items||(5.1)|
|- other differences and consolidation entries||(0.8)|
|Operating profit before acquisition accounting impacts (IFRS basis)||59.1||658|
|- depreciation of property, plant and equipment||0.1||2|
|- amortisation of intangible assets arising from business combinations||(6)||(67)|
|Operating profit (IFRS basis)||53.2||593|
|Add (deduct) non-operating items (IFRS basis)|
|- financial income and financing costs||13|
|- income taxes||(163)|
|Net income (IFRS basis)||443|
|Non controlling interest calculation|
|Add back acquisition accounting impact on net income||27|
|Net income excluding acquisition accounting||470|
|Non controlling interest percentage (average during year)||38.40%|
|Income applicable to non controlling interest (IFRS basis)||188|
a) Translated at 100 JPY = 1.11CHF