Investor Relations

Consolidated statement of income 2014

NOK millions, except share information Notes

2014

2013 restated1)
 


Revenue 5 95,047 84,668
Other income
293
119
Commodity based derivatives gain/(loss)

2

305
Revenue and other income
95,343
85,092
 


Raw materials, energy costs and freight expenses
(71,581)
(64,772)
Change in inventories of own production
1,023
(14)
Payroll and related costs 6 (6,616)
(5,454)
Depreciation, amortization and impairment loss 7 (4,678)
(3,743)
Other operating expenses

6

(3,186) (3,036)
Operating costs and expenses
(85,037)
(77,018)
 


Operating income
10,305
8,074
 


Share of net income in equity-accounted investees 13 786
1,076
Interest income and other financial income 8 550
414
Earnings before interest expense and tax (EBIT)
11,642
9,563
 


Foreign exchange gain/(loss) 8 (698)
(949)
Interest expense and other financial items 8 (909)
(904)
Income before tax
10,035
9,563
 


Income tax expense 9 (2,092)
(1,602)
Net income
7,944
6,108
   

Net income attributable to


Shareholders of the parent
7,625
5,759
Non-controlling interests 22
319
350
Net income
7,944
6,108




Earnings per share 2) 10 27.59
20.67
Weighted average number of shares outstanding 3) 10
276,385,013
278,647,345
   

1) See Note 36 for more information.
2) Yara currently has no share-based compensation that results in a dilutive effect on earnings per share.
3) Weighted average number of shares outstanding was reduced in second, third and fourth quarter 2013 and 2014 due to the share buy-back program.
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