Consolidated Statement of Income
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.