APC 2014 Annual Report Download - page 184

5CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
CONSOLIDATED STATEMENT OF INCOME
Consolidated statement 1.
ofincome
(inmillions of euros except for earnings per share) Note Full year 2014 Full year 2013*
Revenue 3 24,939 23,392
Cost of sales (15,532) (14,629)
Gross profit 9,407 8,763
Research and development 4 (567) (516)
Selling, general and administrative expenses (5,377) (4,891)
EBITA adjusted** 3,463 3,356
Other operating income and expenses 6 (106) 71
Restructuring costs 7 (202) (173)
EBITA*** 3,155 3,254
Amortization and impairment of purchase accounting intangibles 8 (259) (215)
Operating income 2,896 3,039
Interest income 28 43
Interest expense (340) (368)
Finance costs, net (312) (325)
Other financial income and expense 9 (155) (159)
Net financial income/(loss) (467) (484)
Profit from continuing operations before income tax 2,429 2,555
Income tax expense 10 (551) (651)
Income from discontinued operations, net of income tax 169 61
Share of profit/(loss) of associates 14 20
PROFIT FOR THE PERIOD 2,061 1,985
attributable to owners of the parent
l1,941 1,888
attributable to non-controlling interests
l120 97
Basic earnings (attributable to owners of the parent) per share (in euros pershare) 21.3 3.39 3.43
Diluted earnings (attributable to owners of the parent) per share (in euros per share) 3.37 3.40
* The 2013 figures were restated from discontinued operations and change in consolidation method disclosed in note1.
** EBITA adjusted (Earnings Before Interests, Taxes, Amortization of purchase accounting intangibles and Restructuring costs).
EBITA adjusted corresponds to operating profit before amortization and impairment of purchase accounting intangible assets, before
goodwill impairment, before other operating income and expenses and before restructuring costs.
*** EBITA (Earnings Before Interests, Taxes and Amortization of purchase accounting intangibles)
EBITA corresponds to operating profit before amortization and impairment of purchase accounting intangible assets and before goodwill
impairment.
The accompanying notes are an integral part of the consolidated financial statements.
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