Consolidated income statement

For the years ended 31 December 2018 and 2017, CHF million

 

Notes

 

2018

%

 

2017

%

 

 

 

 

 

 

 

 

 

Sales

 

(1.2.1)

 

4’572

100

 

4’150

100

 

 

 

 

 

 

 

 

 

Other operating income

 

(1.2.2)

 

56

 

 

43

 

Income

 

 

 

4’628

101

 

4’193

101

 

 

 

 

 

 

 

 

 

Cost of materials and products

 

 

 

–2’255

 

 

–1’991

 

Changes in inventory of unfinished and finished goods

 

 

 

71

 

 

37

 

Operating expenses

 

(1.3.1)

 

–776

 

 

–700

 

Gross value added

 

 

 

1’668

36

 

1’539

37

 

 

 

 

 

 

 

 

 

Personnel expenses

 

(1.3.2)

 

–1’139

 

 

–1’048

 

Depreciation on tangible fixed assets

 

(2.4)

 

–142

 

 

–131

 

Amortization on intangible assets

 

(2.5)

 

–5

 

 

–8

 

Operating result (EBIT)

 

 

 

382

8.4

 

352

8.5

 

 

 

 

 

 

 

 

 

Interest income

 

(3.2)

 

2

 

 

2

 

Interest expense

 

(3.2)

 

–31

 

 

–28

 

Other financial result

 

(3.2)

 

–6

 

 

–5

 

Ordinary result

 

 

 

347

8

 

321

8

 

 

 

 

 

 

 

 

 

Non-operating result

 

 

 

1

 

 

1

 

Extraordinary result

 

 

 

 

 

 

Profit before taxes

 

 

 

348

8

 

322

8

 

 

 

 

 

 

 

 

 

Income taxes

 

(1.4)

 

–69

 

 

–64

 

Net profit

 

 

 

279

6

 

258

6

– Thereof attributable to shareholders of Georg Fischer Ltd

 

 

 

281

 

 

252

 

– Thereof attributable to non-controlling interests

 

 

 

–2

 

 

6

 

 

 

 

 

 

 

 

 

 

Basic earnings per share in CHF

 

(1.5)

 

69

 

 

62

 

Diluted earnings per share in CHF

 

(1.5)

 

69

 

 

62