In € million

 

Notes

 

2016

 

2015

Sales

 

(F1)

 

11,403

 

10,083

of which revenue from non-core activities

 

 

 

520

 

467

of which net sales

 

 

 

10,884

 

9,615

Cost of goods sold

 

 

 

(8,314)

 

(7,517)

Gross margin

 

 

 

3,090

 

2,566

Commercial and administrative costs

 

 

 

(1,465)

 

(1,296)

Research and development costs

 

 

 

(305)

 

(271)

Other operating gains and losses

 

(F3)

 

(222)

 

(84)

Earnings from associates and joint ventures

 

(F4)

 

85

 

21

Results from portfolio management and reassessments

 

(F5)

 

(164)

 

(205)

Results from legacy remediation and major litigations

 

(F5)

 

(56)

 

(36)

EBIT

 

(F2)

 

962

 

695

Cost of borrowings

 

(F6)

 

(188)

 

(108)

Interest on lendings and short term deposits

 

(F6)

 

13

 

9

Other gains and losses on net indebtedness

 

(F6)

 

(50)

 

(47)

Cost of discounting provisions

 

(F6)

 

(118)

 

(69)

Income/loss from available-for-sale financial assets

 

(F6)

 

5

 

(8)

Profit for the year before taxes

 

 

 

624

 

472

Income taxes

 

(F7)

 

56

 

(69)

Profit for the year from continuing operations

 

 

 

680

 

403

Profit (loss) for the year from discontinued operations

 

(F8)

 

(6)

 

51

Profit for the year

 

(F9)

 

674

 

454

attributable to:

 

 

 

 

 

 

Solvay share

 

 

 

621

 

406

non-controlling interests

 

 

 

53

 

48

Basic earnings per share from continuing operations (€)

 

 

 

6.20

 

4.42

Basic earnings per share from discontinued operations (€)

 

 

 

(0.18)

 

0.42

Basic earnings per share (€)

 

(F10)

 

6.01

 

4.85

Diluted earnings per share from continuing operations (€)

 

 

 

6.18

 

4.39

Diluted earnings per share from discontinued operations (€)

 

 

 

(0.18)

 

0.42

Diluted earnings per share (€)

 

(F10)

 

5.99

 

4.81