Consolidated income statement
65
Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2014
million, except per share date
Note
2014
2013
Net sales
7
32,774
32,615
Cost of sales
8
(24,088)
(23,933)
Gross profit
8,686
8,682
Selling expenses
(6,424)
(6,293)
General and administrative expenses
(1,012)
(1,150)
Total operating expenses
8
(7,436)
(7,443)
Operating income
1,250
1,239
Interest income
6
7
Interest expense
(212)
(225)
Net interest expense on defined benefit pension plans
23
(16)
(24)
Other financial expenses
(13)
(49)
Net financial expenses
9
(235)
(291)
Income before income taxes
1,015
948
Income taxes
10
(248)
(153)
Share in income of joint ventures
14
24
10
Income from continuing operations
791
805
Income (loss) from discontinued operations
5
(197)
1,732
Net income attributable to common shareholders
594
2,537
Earnings per share
29
Net income per share attributable to common shareholders
Basic
0.68
2.48
Diluted
0.67
2.39
Income from continuing operations per share attributable to common shareholders
Basic
0.90
0.79
Diluted
0.88
0.77
Weighted average number of common shares outstanding (in millions)
Basic
879
1,021
Diluted
924
1,072
The accompanying notes are an integral part of these consolidated financial statements.
