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Home arrow Consolidated Financial Statements arrow Consolidated Statement of Income

CONSOLIDATED STATEMENT OF INCOME

January 1 to December 31, in million € Note 2007 2006
 
Sales
3 11,358 10,777
Cost of sales 4 -7,680 -7,351
Gross profit   3,678 3,426
Selling, general and administrative expenses  7 -1,885  -1,815
Research and development expenses    -184  -167
Operating income (EBIT)   1,609 1,444
Interest income  8  27  23
Interest expenses   8  -395  -418
Earnings before income taxes and minority interest   1,241 1,049
Income taxes 9 -448 -414
Minority interest 23 -383 -305
Net income   410 330
   
 
Basic earnings per ordinary share in € 10 2.64 2.15
Fully diluted earnings per ordinary share in € 10 2.61 2.12
Basic earnings per preference share in € 10 2.65 2.16
Fully diluted earnings per preference share in € 10 2.62 2.13
 
The following Notes are an integral part of the Consolidated Financial Statements