Ten-year overview

2012

2011

201010)

Income statement Lufthansa Group

Revenue

30,135

28,734

26,459

524

820

1,020

1.7

2.9

3.9

1,311

773

1,386

Profit/loss before income taxes1)8)

1,039

446

1,134

Net profit/loss attributable to shareholders of Deutsche Lufthansa AG

990

13

1,131

Result
Operating result
Operating margin
Profit/loss from operating activities1)

Main cost items

Staff costs

7,052

6,678

6,491

Fees and charges

5,167

5,000

4,318

Fuel for aircraft

7,392

6,276

4,964

Depreciation, amortisation and impairment

1,839

1,722

1,654

Net interest

318

288

346

Balance sheet Lufthansa Group

Asset structure
Non-current assets4)

18,659

18,627

18,963

Current assets4)

9,760

9,454

10,357

of which liquid assets

4,966

3,998

5,380

Capital structure
Shareholders equity2)

8,298

8,044

8,340

of which issued capital3)

1,177

1,172

1,172

of which reserves

6,071

6,790

5,939

Liabilities

20,121

20,037

20,980

of which pension provisions

2,076

2,165

2,571

of which borrowing

6,910

6,424

7,184

Total assets

28,419

28,081

29,320

Other financial data Lufthansa Group

Capital expenditure

2,358

2,560

2,271

of which on tangible and intangible assets

2,291

2,445

2,222

of which on financial investments

67

115

49

Cash flow from operating activities

2,842

2,356

2,992

Free cash flow

1,397

713

1,542

Indebtedness
gross

6,919

6,440

7,207

1,953

2,328

1,596

Net profit/loss for the year

592

116

483

Transfer to/from reserves

230

208

Dividends proposed/paid

114

275

Share price at year-end

14.24

9.19

16.36

Earnings per share

2.16

0.03

2.47

Dividend per share proposed/paid

0.25,

0.60

net 7)

Deutsche Lufthansa AG

Lufthansa share

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To our shareholders | Management report | Consolidated financial statements Further information

Ten-year overview

2009

2008

2007

2006

2005

2004

2003

22,283

24,842

22,420

19,849

18,065

16,965

15,957

130

1,280

1,378

845

577

383

36

0.6

5.2

6.1

4.3

3.2

2.3

0.2

271

1,309

1,586

1,078

719

954

176

134

730

2,125

1,129

875

541

814

34

542

1,655

803

453

404

984

5,996

5,692

5,498

5,029

4,853

4,813

4,612

3,762

3,499

3,174

2,824

2,543

2,542

2,290

3,645

5,377

3,860

3,355

2,662

1,819

1,352

1,475

1,289

1,204

1,051

1,398

1,112

1,930

325

172

194

254

248

331

341

17,696

14,975

14,076

12,969

12,318

11,543

10,885

8,696

7,433

8,244

6,492

6,954

6,527

5,847

4,439

3,278

3,607

2,538

3,598

3,788

2,721

6,202

6,594

6,900

4,903

4,522

4,014

2,696

1,172

1,172

1,172

1,172

1,172

1,172

977

4,956

4,817

4,018

2,648

2,707

2,398

2,660

20,190

15,814

15,420

14,558

14,750

14,056

14,036

2,710

2,400

2,461

3,814

4,022

4,132

4,327

6,802

3,581

3,345

2,956

3,563

3,306

3,240

26,392

22,408

22,320

19,461

19,272

18,070

16,732

2,304

2,152

1,737

1,929

1,829

1,783

1,155

2,177

1,798

1,621

1,380

1,221

1,647

992

127

354

116

549

608

136

163

1,991

2,473

2,862

2,105

1,956

1,881

1,581

251

612

2,688

584

815

1,061

1,024

6,860

3,639

3,369

2,971

3,605

3,370

3,312

2,195

125

768

101

143

418

591

148

276

1,123

523

455

265

1,223

148

44

551

202

226

128

1,223

320

572

321

229

137

11.75

11.19

18.22

20.85

12.51

10.55

13.25

0.07

1.18

3.61

1.75

0.99

0.94

2.51

0.70

1.25

0.70

0.50

0.30

Lufthansa Annual Report 2012

215

Ten-year overview

(continued)
2012

2011

201010)

Operational ratios Lufthansa Group

Return on sales
(Profit/loss before income taxes1) 8)/revenue)

3.4

1.6

4.3

Return on capital employed

(Profit/loss before income taxes1) 8) plus interest on liabilities/total assets)

5.4

3.3

5.7

Return on equity
(Profit/loss after income taxes/shareholders equity2))

12.1

0.0

13.7

Return on equity
(Profit/loss before income taxes1) 8)/shareholders equity2))

12.5

5.5

13.6

Equity ratio
(Shareholders equity2)/total assets)

29.2

28.6

28.4

Gearing6)
(Net indebtedness plus pension provisions/shareholders equity2))

48.6

55.9

50.0

Leverage
(Net indebtedness/total assets)

6.9

8.3

5.4

Internal financing ratio

(Cash flow/capital expenditure)

120.5

92.0

131.7

Debt repayment ratio

Net indebtedness / adjusted cash flow from operating activities

58.9

49.7

59.7

Revenue efficiency
(Cash flow/revenue)

9.7

8.8

11.9

Net working capital

(Current assets less current liabilities)4)

bn

0.0

0.3

0.5

Non-current asset ratio

(Non-current assets/total assets)

65.7

66.3

64.7

Depreciation ratio for aircraft/reserve engines

(Accumulated depreciation/accumulated acquisition costs)

54.2

54.4

53.9

Staff ratios
Average number of employees

number

118,368

119,084

117,066

Revenue/employee

254,587

241,292

226,018

Staff costs/revenue

23.4

23.2

24.5

Traffic figures Lufthansa Group5)9)

Total available tonne-kilometres

millions

40,064

40,798

37,664

Total revenue tonne-kilometres

millions

29,754

29,908

28,274

74.3

73.3

75.1

Available seat-kilometres

Cargo load factor

millions

259,861

258,263

234,377

Revenue seat-kilometres

millions

204,775

200,376

186,452

78.8

77.6

79.6

Passengers carried

millions

103.1

100.6

92.7

Revenue passenger tonne-kilometres

millions

19,551

19,045

17,845

tonnes

1,972,357

2,120,191

2,022,670

Passenger load factor

Freight/mail
Freight/mail tonne-kilometres

millions

10,203

10,861

10,429

Number of flights

number

1,033,588

1,050,728

1,008,988

Flight kilometres

millions

1,355

1,374

1,241

Aircraft utilisation (block hours)

number

2,260,726

2,283,051

2,061,740

Aircraft in service

number

627

696

710

Figures have been rounded to full EUR millions. This results in differences to prior annual reports.
* Figures are converted from DM into EUR.
1)
2)
3)

From 2005 profit / loss from operating activities before income taxes (up to 2004 profit / loss before taxes) including other taxes; previous years adjusted.
From 2005 shareholders equity including minority interests; previous years adjusted.
Capital increase by EUR 195,379,200 (76,320,000 shares) in 2004.

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To our shareholders | Management report | Consolidated financial statements Further information

Ten-year overview (continued)

2009

2008

2007

2006

2005

2004

2003

0.6

2.9

9.5

5.7

4.8

3.2

5.1

1.4

4.9

11.2

8.2

7.0

5.8

1.7

0.4

8.4

25.5

18.3

13.5

10.2

36.3

2.2

11.1

30.8

23.0

19.3

13.5

30.2

23.5

29.4

30.9

25.2

23.5

22.2

16.1

79.1

34.5

24.5

75.7

85.8

92.5

182.4

8.3

0.6

3.4

0.5

0.7

2.3

3.5

86.4

114.9

164.8

109.1

106.9

105.5

136.9

38.1

97.0

154.7

54.9

48.7

45.3

29.9

8.9

10.0

12.8

10.6

10.8

11.1

9.9

0.1

0.6

0.0

0.2

0.0

0.9

0.3

67.1

66.8

63.1

66.6

63.9

62.2

65.1

54.2

58.9

58.0

57.9

55.7

53.4

55.5

112,320

108,123

100,779

93,541

90,811

92,743

94,798

198,384

229,757

222,467

212,196

198,930

182,925

168,326

26.9

22.9

24.5

25.3

26.9

28.4

28.9

35,469

34,960

30,339

26,667

26,486

25,950

23,237

24,943

24,973

22,613

19,216

18,727

18,445

16,227

70.3

71.4

74.5

72.1

70.7

71.1

69.8

208,226

195,431

169,108

146,720

144,182

140,648

124,027

162,286

154,156

135,011

110,330

108,185

104,064

90,708

77.9

78.9

79.8

75.2

75.0

74.0

73.1

77.3

70.5

62.9

53.4

51.3

50.9

45.4

16,236

15,463

13,569

11,112

10,898

10,484

9,138

1,712,167

1,914,925

1,910,846

1,758,968

1,735,771

1,752,900

1,580,430

8,706

9,510

9,043

8,103

7,829

7,961

7,089

899,928

830,832

749,431

664,382

653,980

647,785

543,549

1,178

1,125

979

795

794

799

704

1,949,857

1,855,842

1,629,416

1,341,810

1,340,948

1,351,932

1,172,034

722

524

513

430,

432

377

382

Financial statements from 2004 according to new IAS 1 balance sheet standards; figures for previous years roughly comparable.
From 2003 including Air Dolomiti, from 2006 including Eurowings.
From 2004 net indebtedness plus pension provisions; previous years adjusted.
7)
From 2005 including borrowers note loans (payable at any time).
8)
Until 2008 including the discontinued business segment Leisure Travel.
9)
Lufthansa Passenger Airlines, SWISS, Austrian Airlines, Germanwings (from January 2010) and Lufthansa Cargo.
10)
The income statement for the financial year 2010 has been adjusted in line with IFRS 5 Discontinued Operations because of the planned disposal of bmi.
4)
5)
6)

Lufthansa Annual Report 2012

217