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Consolidated Statement of Income

 

Consolidated Statement of Income
€ millions See Note 2016 2015
Sales   40,549.5 39,232.0
Cost of sales   -29,783.0 -29,056.8
Gross margin on sales   10,766.5 10,175.2
Research and development expenses   -2,811.5 -2,449.6
Selling and logistics expenses   -2,251.0 -2,179.0
Administrative expenses   -1,012.6 -925.5
Other expenses and income 6 -665.8 -567.7
Income from at-equity accounted investees 8 69.7 61.4
Other income from investments 8 0.5 0.8
Earnings before interest and taxes   4,095.8 4,115.6
Interest income 9 101.4 95.4
Interest expense 9 -218.4 -341.0
Net interest expense   -117.0 -245.6
Earnings before taxes   3,978.8 3,870.0
Income tax expense 10 -1,096.8 -1,090.4
Net income   2,882.0 2,779.6
Non-controlling interests   -79.5 -52.2
Net income attributable to the shareholders of the parent   2,802.5 2,727.4
       
Basic earnings per share in € 35 14.01 13.64
Diluted earnings per share in € 35 14.01 13.64

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