Home / Financial statements / Consolidated Income Statement

Consolidated Income Statement

Millions of euro  Notes 2009                
2008



of which with related parties
of which with related parties
Revenues          
Revenues from sales and services 6.a 62,171 8,481  59,577 11,749
Other revenues 6.b 1,864 374  1,607 16

[Subtotal] 64,035 8,855 61,184 11,765
Costs          
Raw materials and consumables 7.a 32,638 13,757  35,695 17,310
Services 7.b 10,004 625  6,638 1,792
Personnel 7.c 4,908   4,049  
Depreciation, amortization and impairment losses 7.d 5,289   4,777  
Other operating expenses 7.e 2,298 263  1,714 24
Capitalized costs 7.f (1,593)   (1,250)  

[Subtotal] 53,544 14,645 51,623 19,126
Net income/(charges) from commodity risk management 8 264  (25) (20) (23)
Operating income   10,755   9,541  
Financial income 9 3,593 17  2,596 16
Financial expense 9 5,334   5,806  
Share of income/(expense) from equity investments accounted for using the equity method 10 54   48  
Income before taxes   9,068   6,379  
Income taxes 11 2,520   585  
Net income from continuing operations   6,548   5,794  
Net income from discontinued operations 12 (158) -  240 (44)
Net income for the year (shareholders of the Parent Company and minority interests)   6,390   6,034  
Attributable to minority interests   995   741  
Attributable to shareholders of the Parent Company   5,395   5,293  
Earnings per share (euro)   0.57   0.56  
Diluted earnings per share (euro) (1)   0.57   0.56  
Earnings from continuing operations per share   0.59   0.54  
Diluted earnings from continuing operations per share (1)   0.59   0.54  
Earnings from discontinued operations per share   (0.02)   0.02  
Diluted earnings from discontinued operations per share (1)   (0.02)   0.02  

Notes:
(1) Calculated on the basis of the average number of ordinary shares in the year, taking account of the dividend accrual date for the shares issued following the capital increase completed on July 9, 2009 (9,403,357,795 shares) adjusted for the diluting effect of outstanding stock options (0 in both years). For comparative purposes and in compliance with IAS 33.64, the figure for 2008 has been calculated on the basis of the same number of shares. Earnings per share and diluted earnings per share, calculated taking account of options exercised to date, have not changed with respect to those calculated using the above methodology.