Consolidated Statement of Income | |||
---|---|---|---|
€ millions | See Note | 2017 | 2016 |
Sales | 44,009.5 | 40,549.5 | |
Cost of sales | -32,635.0 | -29,783.0 | |
Gross margin on sales | 11,374.5 | 10,766.5 | |
Research and development expenses | -3,103.7 | -2,811.5 | |
Selling and logistics expenses | -2,430.2 | -2,251.0 | |
Administrative expenses | -1,144.3 | -1,012.6 | |
Other income1 | 6 | 584.5 | 316.0 |
Other expenses1 | 6 | -796.6 | -981.8 |
Income from equity-accounted investees | 8 | 76.8 | 69.7 |
Other income from investments | 8 | 0.5 | 0.5 |
EBIT | 4,561.5 | 4,095.8 | |
Interest income | 9 | 94.4 | 101.4 |
Interest expense | 9 | -281.5 | -308.8 |
Effects from currency translation | 9 | -138.8 | 157.1 |
Effects from changes in the fair value of derivative instruments, and other valuation effects | 9 | 40.2 | -66.7 |
Financial result2 | 9 | -285.7 | -117.0 |
Earnings before tax | 4,275.8 | 3,978.8 | |
Income tax expense | 10 | -1,227.5 | -1,096.8 |
Net income | 3,048.3 | 2,882.0 | |
Non-controlling interests | -63.7 | -79.5 | |
Net income attributable to the shareholders of the parent | 2,984.6 | 2,802.5 | |
Basic earnings per share in € | 34 | 14.92 | 14.01 |
Diluted earnings per share in € | 34 | 14.92 | 14.01 |
1 To improve transparency, other expenses and income are shown separately from fiscal 2017. The figures from the comparative period have been adjusted accordingly.
2 To improve transparency, the components of the financial result (previously: net interest result) are shown separately from fiscal 2017. The figures from the comparative period have been adjusted accordingly.