Investor Relations

Consolidated statement of income 2011

NOK millions, except share information Notes 2011 2010
 
Revenue 4 77,726 64,006
Other income 2,11 2,698 1,429
Commodity based derivatives gain/(loss) 1,27,28 (72) (61)
Revenue and other income 4 80,352 65,374
 
Raw materials, energy cost and freight expenses 30 (60,331) (49,247)
Change in inventories of own production 2,502 104
Payroll and related cost 5,6,22 (4,698) (4,579)
Depreciation, amortization and impairment loss 4,9,11 (2,677) (2,440)
Other operating expenses 5,31,32,33 (1,908) (1,746)
Operating cost and expenses 4 (67,112) (57,908)
 
Operating income 4 13,240 7,467
 
Share of net income in equity-accounted investees 4,12 1,889 1,515
Interest income and other financial income 7,27,28 309 3,822
Earnings before interest expense and tax (EBIT) 4 15,438 12,804
 
Foreign exchange gain/(loss) 7,27,28 (215) (676)
Interest expense and other financial items 7,22,27,28 (818) (948)
Income before tax 14,404 11,179
 
Income tax expense 8 (2,315) (2,386)
Net income 12,090 8,793
       
Attributable to
Shareholders of the parent 12,066 8,729
Non-controlling interests 21 24 64
Net income 12,090 8,793
Earnings per share 1) 20 41.99 30.24
Weighted average number of shares outstanding 2) 19,20 287,321,413 288,680,758
       
1) Yara currently has no share-based compensation that results in a dilutive effect on earnings per share.
2) Weighted average number of shares outstanding was reduced in third and fourth quarter 2010 and first, third and fourth quarter 2011, due to share buy-back program.
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