Statement of income

BASF Group

Statement of income (in million €)
	Explanations in Note	2015	2014
Sales revenue	[4]	70,449	74,326
Cost of sales	[6]	(51,372)	(55,839)
Gross profit on sales		19,077	18,487

Selling expenses	[6]	(8,062)	(7,493)
General administrative expenses	[6]	(1,429)	(1,359)
Research expenses	[6]	(1,953)	(1,884)
Other operating income	[7]	2,004	2,231
Other operating expenses	[8]	(3,640)	(2,629)
Income from companies accounted for using the equity method	[9]	251	273
Income from operations	[4]	6,248	7,626

Income from other shareholdings		80	303
Expenses from other shareholdings		(71)	(25)
Interest income		213	207
Interest expenses		(638)	(711)
Other financial income		152	158
Other financial expenses		(436)	(355)
Financial result	[10]	(700)	(423)

Income before taxes and minority interests		5,548	7,203
Income taxes	[11]	(1,247)	(1,711)
Income before minority interests		4,301	5,492

Minority interests	[12]	(314)	(337)
Net income		3,987	5,155
Earnings per share (€)	[5]	4.34	5.61
Dilution effect (€)	[5]	(0.01)	(0.01)
Diluted earnings per share (€)	[5]	4.33	5.60