Condensed consolidated statements of income
| million €, earnings per share in € |
| * Restated to reflect adoption of SFAS 143 |
|
Note |
|
|
Net sales |
9 |
|
8,699 |
|
8,742 |
Cost of sales |
|
|
(7,153) |
|
(7,192) |
Gross margin |
|
|
1,546 |
|
1,550 |
|
|
|
|
|
|
Selling expenses |
|
|
(703) |
|
(659) |
General and administrative expenses |
|
|
(618) |
|
(618) |
Other operating income |
|
|
112 |
|
75 |
Other operating expenses |
|
|
(152) |
|
(120) |
Gain/(loss) on the disposal of subsidiaries, net |
|
|
(2) |
|
0 |
Income from operations |
|
|
183 |
|
228 |
|
|
|
|
|
|
Financial expense, net |
|
|
(42) |
|
(62) |
Income before income taxes, minority interest and cumulative effects of changes in accounting principles |
9 |
|
141 |
|
166 |
|
|
|
|
|
|
Provisions for income taxes |
|
|
(47) |
|
(67) |
Minority interest |
|
|
(13) |
|
(10) |
Income before cumulative effects of changes in accounting principles |
|
|
81 |
|
89 |
|
|
|
|
|
|
Cumulative effects of changes in accounting principles (net of tax) |
4 |
|
(27*) |
|
0 |
Net income |
4 |
|
54* |
|
89 |
|
|
|
|
|
|
Basic earnings per share |
4, 10 |
|
0.10* |
|
0.18 |
See accompanying notes to consolidated financial statements
|
