APC 2015 Annual Report Download - page 190

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC188
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015
5CONSOLIDATED STATEMENT OFINCOME
>
1. Consolidated statement ofincome
(inmillions of euros except for earnings per share) Note Full year 2015 Full year 2014
Revenue 3 26,640 24,939
Cost of sales (16,795) (15,532)
Gross profi t 9,845 9,407
Research and development 4 (565) (567)
Selling, general and administrative expenses (5,639) (5,377)
EBITA adjusted* 3,641 3,463
Other operating income and expenses 6 (522) (106)
Restructuring costs 7 (318) (202)
EBITA** 2,801 3,155
Amortization and impairment of purchase accounting intangibles 8 (572) (259)
Operating income 2,229 2,896
Interest income 40 28
Interest expense (335) (340)
Finance costs, net (295) (312)
Other fi nancial income and expense 9 (151) (155)
Net fi nancial income/(loss) (446) (467)
Profi t from continuing operations before income tax 1,783 2,429
Income tax expense 10 (389) (551)
Income from discontinued operations, net of income tax - 169
Share of profi t/(loss) of associates 14 109 14
PROFIT FOR THE PERIOD 1,503 2,061
• attributable to owners of the parent 1,407 1,941
• attributable to non-controlling interests 96 120
Basic earnings (attributable to owners of the parent) per share (in euros pershare) 21.3 2.47 3.39
Diluted earnings (attributable to owners of the parent) per share (in euros per share) 2.46 3.37
* Adjusted EBITA (Earnings Before Interest , Taxes, Amortization of P urchase A ccounting I ntangibles ).
Adjusted EBITA corresponds to operating profi t before amortization and impairment of purchase accounting intangible assets, before
goodwill impairment, other operating income and expenses and restructuring costs.
** EBITA (Earnings Before Interest , Taxes and Amortization of P urchase A ccounting I ntangibles).
EBITA corresponds to operating profi t before amortization and impairment of purchase accounting intangible assets and before goodwill
impairment.
The accompanying notes are an integral part of the consolidated fi nancial statements.