Results (in million CHF) 2012 2011 2010
Sales(a) 92,186
 83,642
 93,015
Trading operating profit(a) 14,012
 12,538
 14,832
as % of sales(a) 15.2%
 15.0%
 15.9%
Taxes 3,451
 3,112
 3,693
Profit for the year attributable to shareholders of the parent (Net profit) 10,611
 9,487
 34,233(f)
as % of sales(a) 11.5%
 11.3%
 36.8%(f)
Total amount of dividend 6,601(e)
 6,213
 5,939
Depreciation of property, plant and equipment 2,711
 2,422
 2,552
Balance sheet and Cash flow statement in millions of CHF 2012 2011 2010
Current assets 35,205
 33,324
 38,997
of which liquid assets 9,425
 7,988
 16,246
Non-current assets 91,024
 80,767
 72,644
Total assets 126,229
 114,091
 111,641
Current liabilities 38,753
 35,232
 30,146
Non-current liabilities 24,872
 20,585
 18,897
Equity attributable to shareholders of the parent 60,947
 56,797
 61,867
Non-controlling interests 1,657
 1,477
 731
Net financial debt 18,152
 14,319
 3,854
Operating cash flow(b) 15,772
 10,180
 13,608
as % of net financial debt 86.9%
 71.1%
 353.2%(f)
Free cash flow(c) 9,879
 4,757
 7,761
Capital expenditure 5,368
 4,779
 4,576
as % of sales(a) 5.8%
 5.7%
 4.9%
Data per share 2012 2011 2010
Weighted average number of shares outstanding (in millions of units) 3,186
 3,196
 3,371
Total basic earnings per share 3.33
 2.97
 10.16(f)
Equity attributable to shareholders of the parent 19.13
 17.77
 18.35
Dividend 2.05(e)
 1.95
 1.85
Pay-out ratio based on Total basic earnings per share 61.6%(e)
 65.7%
 18.2%
Stock prices (high) 62.30
 55.45
 56.90
Stock prices (low) 52.50
 43.50
 48.18
Yield(d) 3.3/3.9(e)
 3.5/4.5
 3.3/3.8
Market capitalisation 190,038
 171,287
 178,316
Number of personnel (in thousands) 339
 328
 281

* Earnings Before Interest, Taxes, restructuring and impairments.
(a) 2010 restated following the changes of presentation made to the Income Statement as of 1 January 2011 (refer to Note 1 - Accounting Policies of the 2011 Consolidated Financial Statements).
(b) 2011 restated following the changes in the cash flow statement described in Note 1 - Accounting Policies of the 2012 Consolidated Financial Statements.
(c) Operating cash flow less capital expenditure, expenditure on intangible assets, sale of property, plant and equipment, investments (net of disinvestments) in associates and other investing cash flows. As from 2012, movements with non-controlling interests are no longer deducted. 2011 comparable has been restated accordingly.
(d) Calculated on the basis of the dividend for the year concerned, which is paid in the following year, and on high/low stock prices.
(e) As proposed by the Board of Directors of Nestlé S.A.
(f) Impacted by the profit on disposal of 52% of Alcon outstanding capital.