Restated Quarterly Figures for 2017 and 2018
Statement of Income BASF Group 2017
The signing of the definitive agreement between BASF and LetterOne to merge their oil and gas businesses has an immediate effect on the reporting of BASF Group and thus on this quarterly statement: The sales and EBIT of the oil and gas business are no longer included in the respective figures for the BASF Group – retroactively as of January 1, 2018, and with the prior-year figures restated. Until closing, the Wintershall Group’s income after taxes will be presented in the income before minority interests of the BASF Group as a separate item (“income before minority interests from discontinued operations”). The assets and liabilities of the oil and gas business were reclassified to a disposal group as of the end of the third quarter, and depreciation and amortization of its assets has been suspended from this date onward.
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|
1st quarter 2017 |
2nd quarter 2017 |
3rd quarter 2017 |
4th quarter 2017 |
Full year 2017 |
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|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Restated |
Previous |
Restated |
Previous |
Restated |
Previous |
Restated |
Previous |
Restated |
Previous |
Sales revenue |
|
16,027 |
16,857 |
15,449 |
16,264 |
14,516 |
15,255 |
15,231 |
16,099 |
61,223 |
64,475 |
Cost of sales |
|
(10,834) |
(11,482) |
(10,591) |
(11,198) |
(9,878) |
(10,421) |
(10,288) |
(10,828) |
(41,591) |
(43,929) |
Gross profit on sales |
|
5,193 |
5,375 |
4,858 |
5,066 |
4,638 |
4,834 |
4,943 |
5,271 |
19,632 |
20,546 |
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
(1,993) |
(2,017) |
(2,052) |
(2,069) |
(1,998) |
(2,015) |
(2,139) |
(2,161) |
(8,182) |
(8,262) |
General administrative expenses |
|
(324) |
(343) |
(352) |
(373) |
(330) |
(351) |
(324) |
(345) |
(1,330) |
(1,412) |
Research and development expenses |
|
(416) |
(424) |
(459) |
(468) |
(449) |
(455) |
(519) |
(541) |
(1,843) |
(1,888) |
Other operating income |
|
293 |
307 |
559 |
601 |
714 |
731 |
3 |
277 |
1,569 |
1,916 |
Other operating expenses |
|
(560) |
(598) |
(571) |
(683) |
(821) |
(884) |
(630) |
(784) |
(2,582) |
(2,949) |
Income from companies accounted for using the equity method |
|
99 |
151 |
67 |
107 |
70 |
98 |
87 |
215 |
323 |
571 |
Income from operations (EBIT) |
|
2,292 |
2,451 |
2,050 |
2,181 |
1,824 |
1,958 |
1,421 |
1,932 |
7,587 |
8,522 |
|
|
|
|
|
|
|
|
|
|
|
|
Income from other shareholdings |
|
10 |
10 |
13 |
14 |
5 |
5 |
(1) |
2 |
27 |
31 |
Expenses from other shareholdings |
|
(5) |
(5) |
(8) |
(8) |
(6) |
(6) |
(38) |
(41) |
(57) |
(60) |
Net income from shareholdings |
|
5 |
5 |
5 |
6 |
(1) |
(1) |
(39) |
(39) |
(30) |
(29) |
Interest income |
|
62 |
74 |
33 |
38 |
40 |
55 |
42 |
59 |
177 |
226 |
Interest expenses |
|
(137) |
(153) |
(119) |
(137) |
(111) |
(128) |
(125) |
(142) |
(492) |
(560) |
Interest result |
|
(75) |
(79) |
(86) |
(99) |
(71) |
(73) |
(83) |
(83) |
(315) |
(334) |
Other financial income |
|
11 |
19 |
9 |
19 |
10 |
16 |
9 |
16 |
39 |
70 |
Other financial expenses |
|
(90) |
(97) |
(90) |
(100) |
(122) |
(127) |
(97) |
(105) |
(399) |
(429) |
Other financial result |
|
(79) |
(78) |
(81) |
(81) |
(112) |
(111) |
(88) |
(89) |
(360) |
(359) |
Financial result |
|
(149) |
(152) |
(162) |
(174) |
(184) |
(185) |
(210) |
(211) |
(705) |
(722) |
|
|
|
|
|
|
|
|
|
|
|
|
Income before taxes and minority interests |
|
2,143 |
2,299 |
1,888 |
2,007 |
1,640 |
1,773 |
1,211 |
1,721 |
6,882 |
7,800 |
Income taxes |
|
(517) |
(527) |
(455) |
(443) |
(380) |
(364) |
62 |
(114) |
(1,290) |
(1,448) |
Income before minority interests from continuing operations |
|
1,626 |
– |
1,433 |
– |
1,260 |
– |
1,273 |
– |
5,592 |
– |
Income before minority interests from discontinued operations |
|
146 |
– |
131 |
– |
149 |
– |
334 |
– |
760 |
– |
Income before minority interests |
|
1,772 |
1,772 |
1,564 |
1,564 |
1,409 |
1,409 |
1,607 |
1,607 |
6,352 |
6,352 |
|
|
|
|
|
|
|
|
|
|
|
|
Minority interests |
|
(63) |
(63) |
(68) |
(68) |
(73) |
(73) |
(70) |
(70) |
(274) |
(274) |
Net income |
|
1,709 |
1,709 |
1,496 |
1,496 |
1,336 |
1,336 |
1,537 |
1,537 |
6,078 |
6,078 |
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share from continuing operations |
|
1.71 |
– |
1.49 |
– |
1.30 |
– |
1.34 |
– |
5.84 |
– |
Earnings per share from discontinued operations |
|
0.15 |
– |
0.14 |
– |
0.15 |
– |
0.34 |
– |
0.78 |
– |
Earnings per share |
|
1.86 |
1.86 |
1.63 |
1.63 |
1.45 |
1.45 |
1.68 |
1.68 |
6.62 |
6.62 |