Consolidated Income Statement
FINANCIAL STATEMENTS
(in millions of
Note
2014
1
To
O
CM
2012(1)
Revenues
21 361
20 593
20 514
Cost of sales
24, 25
(16 222)
(15 579)
(15 486)
Gross profit
5 139
5 014
5 028
Gross margin
24.1%
24.3%
24.5%
Other operating income
27
119
127
114
Selling, general and administrative expenses
24
(4 503)
(4 347)
(4 292)
Other operating expenses
28
(332)
(257)
(276)
Operating profit
423
537
574
Operating margin
2.0%
2.6%
2.8%
Finance costs
29.1
(188)
(193)
(242)
Income from investments
29.2
16
9
16
Share of results of joint venture equity accounted
36.2
4
4
4
Profit before taxes and discontinued operations
255
357
352
Income tax expense
22
(66)
(85)
(55)
Net profit from continuing operations
189
272
297
Result from discontinued operations (net of tax)
5.3
(99)
(90)
(194)
Net profit
90
182
103
Net profit (loss) attributable to non-controlling interests
1
3
(2)
Net profit attributable to equity holders of the Group (Group share in net profit)
89
179
105
(in
Earnings per share
31
Basic
Group share in net profit from continuing operations
1.85
2.65
2.96
Group share in net profit
0.88
1.77
1.04
Diluted
Group share in net profit from continuing operations
1.84
2.64
2.95
Group share in net profit
0.87
1.76
1.04
(in thousands)
Weighted average number of shares outstanding
Basic
101 434
101 029
100 777
Diluted
101 937
101 567
101 134
(1) Comparative information has been restated to reflect the reclassification of Bottom Dollar Food and our Bulgarian and Bosnian Herzegovinian operations to
discontinued operations given their (planned) divesture.
