L'Oreal reports the following income statement accounts for the year ended December 31, 2009
Net profit €1,794.9 Income tax
expense €676.1
Finance costs 76.0 Profit
before tax expense 2,471.0
Net sales 17,472.6 Research and development expense 609.2
Gross profit 12,311.0 Selling, general and administrative expense 3,735.5
Other expense 30.6 Advertising and promotion expense 5,388.7
Cost of sales 5,161.6
Required:
1 Following the usual IFRS practices, prepare the income statement for the year ended December 31, 2009.
