Consolidated financial statements

Income statement for the year ended
31 December 2016

CHF million

 

Notes

 

2016

%

 

2015

%

 

 

 

 

 

 

 

 

 

Sales

 

 

 

3'744

100

 

3'640

100

 

 

 

 

 

 

 

 

 

Other operating income

 

(23)

 

45

 

 

50

 

Income

 

 

 

3'789

101

 

3'690

101

 

 

 

 

 

 

 

 

 

Cost of materials and products

 

 

 

–1'751

 

 

–1'740

 

Changes in inventory of unfinished and finished goods

 

 

 

57

 

 

25

 

Operating expenses

 

(24)

 

–674

 

 

–628

 

Gross value added

 

 

 

1'421

38

 

1'347

37

 

 

 

 

 

 

 

 

 

Personnel expenses

 

(25)

 

–978

 

 

–925

 

Depreciation on tangible fixed assets

 

(7)

 

–126

 

 

–122

 

Amortization on intangible assets

 

(8)

 

–6

 

 

–4

 

Operating result (EBIT)

 

 

 

311

8

 

296

8

 

 

 

 

 

 

 

 

 

Interest income

 

(26)

 

2

 

 

2

 

Interest expense

 

(26)

 

–30

 

 

–34

 

Other financial result

 

(26)

 

–3

 

 

–16

 

Ordinary result

 

 

 

280

7

 

248

7

 

 

 

 

 

 

 

 

 

Non-operating result

 

(27)

 

1

 

 

3

 

Extraordinary result

 

 

 

 

 

 

 

Profit before taxes

 

 

 

281

8

 

251

7

 

 

 

 

 

 

 

 

 

Income taxes

 

(28)

 

–56

 

 

–53

 

Net profit

 

 

 

225

6

 

198

5

– Thereof attributable to shareholders of Georg Fischer Ltd

 

 

 

216

 

 

188

 

– Thereof attributable to non-controlling interests

 

 

 

9

 

 

10

 

 

 

 

 

 

 

 

 

 

Basic earnings per share in CHF

 

(18)

 

53

 

 

46

 

Diluted earnings per share in CHF

 

(18)

 

53

 

 

46