Lego Case Study
Annual Report 2011
The LEGO Group
FINANCIAL HIGHLIGHTS
Financial Highlights
The LEGO Group
(mDKK)
2011
2010
2009
2008
2007
18,731
(13,065)
5,666
(124)
5,542
4,160
16,014
(10,899)
4,973
(84)
4,889
3,718
11,661
(8,659)
2,902
(15)
2,887
2,204
9,526
(7,522)
2,100
(248)
1,852
1,352
8,027
(6,556)
1,449
(35)
1,414
1,028
12,904
6,975
5,929
10,972
5,473
5,499
7,788
3,291
4,497
6,496
2,066
4,430
6,009
1,679
4,330
3,828
1,451
129
3,744
1,077
123
2,712
1,042
216
1,954
368
75
1,033
399
34
(2,519)
(233)
(3,477)
(871)
(906)
558
(1,682)
128
(467)
592
Employees:
Average number (full-time)
9,374
8,365
7,286
5,388
4,199
Financial ratios (in %):
Gross margin
Operating margin (ROS)
Net profit margin
Return on equity (ROE)
Return on invested capital (ROIC I)
Return on invested capital (ROIC II)
Equity ratio
70.5
30.2
22.2
66.8
133.4
134.2
54.1
72.4
31.1
23.2
84.8
161.2
157.9
49.9
70.3
24.9
18.9
82.3
139.5
138.0
42.3
66.8
22.0
14.2
72.2
101.8
113.8
31.8
65.0
18.1
12.8
71.6
69.7
77.1
27.9
Income Statement:
Revenue
Expenses
Operating profit
Financial income and expenses
Profit before income tax
Net profit for the year
Balance Sheet:
Total assets
Equity
Liabilities
Cash Flow Statement:
Cash flows from operating activities
Investment in property, plant and equipment
Investment in intangible assets
Cash flows from financing activities
Total cash flows
Financial ratios have been calculated in accordance with the “Recommendations and Financial Ratios 2010”, issued by the
Danish Society of Financial Analysts. For definitions, please see the section on accounting policies.
Parentheses denote negative figures.
2
The LEGO Group – Annual Report 2011
CONTENTS
Annual Report 2011
Annual Report 2011 is published for the LEGO Group by Corporate Finance, Group
The LEGO Group
FINANCIAL HIGHLIGHTS
Financial Highlights
The LEGO Group
(mDKK)
2011
2010
2009
2008
2007
18,731
(13,065)
5,666
(124)
5,542
4,160
16,014
(10,899)
4,973
(84)
4,889
3,718
11,661
(8,659)
2,902
(15)
2,887
2,204
9,526
(7,522)
2,100
(248)
1,852
1,352
8,027
(6,556)
1,449
(35)
1,414
1,028
12,904
6,975
5,929
10,972
5,473
5,499
7,788
3,291
4,497
6,496
2,066
4,430
6,009
1,679
4,330
3,828
1,451
129
3,744
1,077
123
2,712
1,042
216
1,954
368
75
1,033
399
34
(2,519)
(233)
(3,477)
(871)
(906)
558
(1,682)
128
(467)
592
Employees:
Average number (full-time)
9,374
8,365
7,286
5,388
4,199
Financial ratios (in %):
Gross margin
Operating margin (ROS)
Net profit margin
Return on equity (ROE)
Return on invested capital (ROIC I)
Return on invested capital (ROIC II)
Equity ratio
70.5
30.2
22.2
66.8
133.4
134.2
54.1
72.4
31.1
23.2
84.8
161.2
157.9
49.9
70.3
24.9
18.9
82.3
139.5
138.0
42.3
66.8
22.0
14.2
72.2
101.8
113.8
31.8
65.0
18.1
12.8
71.6
69.7
77.1
27.9
Income Statement:
Revenue
Expenses
Operating profit
Financial income and expenses
Profit before income tax
Net profit for the year
Balance Sheet:
Total assets
Equity
Liabilities
Cash Flow Statement:
Cash flows from operating activities
Investment in property, plant and equipment
Investment in intangible assets
Cash flows from financing activities
Total cash flows
Financial ratios have been calculated in accordance with the “Recommendations and Financial Ratios 2010”, issued by the
Danish Society of Financial Analysts. For definitions, please see the section on accounting policies.
Parentheses denote negative figures.
2
The LEGO Group – Annual Report 2011
CONTENTS
Annual Report 2011
Annual Report 2011 is published for the LEGO Group by Corporate Finance, Group