Name: Delgado, Cresilda Q.

BSBA-FM Date: 06/21/19

Subject: Economics 122 Schedule: 9:30- 10:30 MWF

Consolidated income statement

for the year ended December 31, 2018
In millions of CHF

Notes 2018 2017 *

Sales 3 91 439 89 590

Other revenue 311 332

Cost of goods sold (46 070) (45 571)
Distribution expenses (8 469) (8 023)
Marketing and administration expenses (20 003) (19 818)
Research and development costs (1 687) (1 739)
Other trading income 4 37 112
Other trading expenses 4 (1 769) (1 606)
Trading operating profit 3 13 789 13 277

Other operating income 4 2 535 379

Other operating expenses 4 (2 572) (3 500)
Operating profit 13 752 10 156

Financial income 5 247 152

Financial expense 5 (1 008) (848)
Profit before taxes, associates and joint ventures 12 991 9 460

Taxes 13 (3 439) (2 773)

Income from associates and joint ventures 14 916 824
Profit for the year 10 468 7 511
of which attributable to non-controlling interests 333 355
of which attributable to shareholders of the parent (Net profit) 10 135 7 156

As percentages of sales
Trading operating profit 15.1% 14.8%
Profit for the year attributable to shareholders of the parent (Net profit) 11.1% 8.0%

Earnings per share (in CHF)

Basic earnings per share 15 3.36 2.31
Diluted earnings per share 15 3.36 2.31