Statement of Income

Statement of income (million €)

 

 

Explanations in Note

1st Quarter

 

 

2016

2015

Change %

Sales revenue

 

 

14,208

20,067

(29.2)

Cost of sales

 

 

(9,530)

(14,731)

35.3

Gross profit on sales

 

 

4,678

5,336

(12.3)

Selling expenses

 

 

(1,868)

(1,937)

3.6

General administrative expenses

 

 

(326)

(342)

4.7

Research expenses

 

 

(455)

(474)

4.0

Other operating income

 

[5]

428

445

(3.8)

Other operating expenses

 

[5]

(666)

(1,118)

40.4

Income from companies accounted for using the equity method

 

[6]

75

85

(11.8)

Income from operations

 

 

1,866

1,995

(6.5)

Income from other shareholdings

 

 

3

20

(85.0)

Expenses from other shareholdings

 

 

(7)

(18)

61.1

Interest income

 

 

47

58

(19.0)

Interest expense

 

 

(146)

(164)

11.0

Other financial result

 

 

(85)

(60)

(41.7)

Financial result

 

[7]

(188)

(164)

(14.6)

Income before taxes and minority interests

 

 

1,678

1,831

(8.4)

Income taxes

 

[8]

(258)

(543)

52.5

Income before minority interests

 

 

1,420

1,288

10.2

Minority interests

 

[9]

(33)

(114)

71.1

Net income

 

 

1,387

1,174

18.1

 

 

 

 

 

 

Earnings per share

 

[10]

 

 

 

Basic (€)

 

 

1.51

1.28

18.0

Diluted (€)

 

 

1.51

1.28

18.0