Henkel AG & Co. KGaA

Henkel: With record figures into the 125th business year
Sales up 12.5 percent to 12.8 billion euro
EBIT growth of 10.9 percent to 950 million euro (Part 4 of 4)

Henkel Group Consolidated Statement of Income
    
                                                                1999         2000
                                                                MEUR         MEUR
    
    Sales                                                11,361      11,779
    Cost of sales                                  -6,132      -6,999
    Gross profit                                      5,229        5,780
    Marketing, selling and
    distribution costs                            -3,220    -3,604
    Research and development costs            -279        -320
    Administrative expenses                        -678        -748
    Other operating income                          146         214
    Other operating charges                         -75         -89
    Amortization of goodwill                      -144        -183
    Restructuring costs                              -122        -100
    Operating profit (EBIT)                         857         950
    Net income from associated companies      91         156
    Net result from other participations        5          11
    Net interest expense                            -261        -301
    Financial items                                    -165        -134
    Earnings before tax                                692         816
    Taxes on income                                    -288        -311
    Net earnings                                          404         505
    Minority interests                                 -40         -37
    Earnings after minority interests         364         468
    Allocation to revenue reserves            -233        -311
    Unappropriated profit                            131*        157
    
    *      total dividend payout proposed by Henkel KGaA for 1999
    
    Henkel Group Cash Flow Statement
    
                                                                      1999              2000
                                                            (EUR mill.)    (EUR mill.)
    
    Operating profit (EBIT)                                857         950
    Income taxes paid                                        -230        -404
    Depreciation of fixed assets
    (excl. financial assets)                              651         673
    Net gains from disposals of fixed assets
    (excl. financial assets)                              -31         -60
    Cash Flow                                                  1,247      1,159
    Change in inventories                                    12         -91
    Change in receivables and
    miscellaneous assets                                  -176        -207
    Changes in liabilities and provisions         142        -154
    Net cash flow from operating activities  1,225        7074
    Net cash flow from investing activities1) -570    -1,337
    Net cash flow from financing activities2) -657         624
    Change in cash and cash equivalents              -2          -6
    Effect of exchange rate changes
    on cash and cash equivalents                         10            3
    Change in cash and cash equivalents
    due to first-time inclusion of companies        6          17
    Change in liquid funds and
    marketable securities                                    14          14
    Liquid funds and marketable securities
    on January 1                                                 127         141
    Liquid funds and marketable securities
    on December 31                                              141         155
    
    1) Capital expenditure on intangible assets -48        -32
    Capital expenditure on property,
    plant and equipment                                      -428      -465
    Capital expenditure on financial assets      -150        -44
    Acquisitions                                                  -76      -927
    Proceeds from disposal of fixed assets         132        131
    Net cash flow from investing activities      -570  -1,337
    
    2) Henkel KGaA dividends                              -119      -131
    Subsidiary company dividends
    (to other shareholders)                                 -22        -21
    Interest and dividends received                      96        144
    Interest paid                                                -224      -250
    Change in borrowings                                    -374        935
    Repurchase of treasury shares                          -        -63
    Other financing transactions                         -14         10
    Net cash flow from financing activities      -657        624
    
ots Original Text Service: Henkel
Internet: http://recherche.newsaktuell.de

Contact: Investor Relations      Magdalena Moll Phone: +49-2 11-7 97 16 31 Fax: +49-2 11-7 98 28 63 magdalena.moll@henkel.de      Waltraud Müller Phone: +49-2 11-7 97 72 78 Fax: +49-2 11-7 98 28 63 waltraud.mueller@henkel.de      Christoph Wallrafen Phone: +49-2 11-7 97 18 20 Fax: +49-2 11-7 98 28 63 Christoph.wallrafen@henkel.de  

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Original-Content von: Henkel AG & Co. KGaA, übermittelt durch news aktuell

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