Investor Relations

Consolidated statement of income 2013

NOK millions, except share information Notes 2013 2012 Restated3)
 
Revenue 3,4 84,668 83,997
Other income 11 119 678
Commodity based derivatives gain/(loss) 27,28 265 (166)
Revenue and other income 4 85,052 84,509
 
Raw materials, energy cost and freight expenses 3,30 (65,059) (62,331)
Change in inventories of own production (34) (420)
Payroll and related costs 3,5,6,22 (5,429) (5,059)
Depreciation, amortization and impairment loss 3,4,9,11 (3,713) (3,424)
Other operating expenses 5,31,32,33 (3,026) (2,117)
Operating costs and expenses 4 (77,261) (73,350)
 
Operating income 4 7,791 11,159
 
Share of net income in equity-accounted investees 4,12 1,250 1,964
Interest income and other financial income 7,27,28 413 404
Earnings before interest expense and tax (EBIT) 4 9,453 13,527
 
Foreign exchange gain/(loss) 7,27,28 (950) 596
Interest expense and other financial items 7,22,27,28 (900) (941)
Income before tax 7,603 13,183
 
Income tax expense 8 (1,506) (2,582)
Net income 6,097 10,601
     
Net income attributable to
Shareholders of the parent 5,748 10,552
Non-controlling interests 21 349 49
Net income 6,097 10,601
Earnings per share 1) 20 20.63 37.31
Weighted average number of shares outstanding 2) 19,20 278,647,345 282,821,544
     
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 second, third and fourth quarter 2012, and second, third and fourth quarter 2013, due to share buy-back program.
3)  See note 35 for more information (in the Financial report PDF).
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