In € million

 

Notes

 

2017

 

2016

Sales

 

(F1)

 

10,891

 

10,045

of which revenue from non-core activities

 

(F3)

 

766

 

476

of which net sales

 

 

 

10,125

 

9,568

Cost of goods sold

 

 

 

(7,805)

 

(7,213)

Gross margin

 

 

 

3,086

 

2,831

Commercial and administrative costs

 

 

 

(1,437)

 

(1,363)

Research and development costs

 

 

 

(290)

 

(284)

Other operating gains and losses

 

(F4)

 

(154)

 

(200)

Earnings from associates and joint ventures

 

 

 

44

 

85

Results from portfolio management and reassessments

 

(F5)

 

(188)

 

(157)

Results from legacy remediation and major litigations

 

(F5)

 

(84)

 

(54)

EBIT

 

(F2)

 

976

 

858

Cost of borrowings

 

(F6)

 

(172)

 

(187)

Interest on lendings and short term deposits

 

(F6)

 

15

 

13

Other gains and losses on net indebtedness

 

(F6)

 

(44)

 

(50)

Cost of discounting provisions

 

(F6)

 

(97)

 

(115)

Income/loss from available-for-sale financial assets

 

(F6)

 

 

 

5

Profit for the year before taxes

 

 

 

678

 

524

Income taxes

 

(F7)

 

197

 

68

Profit for the year from continuing operations

 

 

 

875

 

592

Profit (loss) for the year from discontinued operations

 

(F8)

 

241

 

82

Profit for the year

 

(F9)

 

1,116

 

674

attributable to:

 

 

 

 

 

 

Solvay share

 

 

 

1,061

 

621

non-controlling interests

 

 

 

56

 

53

Basic earnings per share from continuing operations (€)

 

 

 

7.97

 

5.34

Basic earnings per share from discontinued operations (€)

 

 

 

2.29

 

0.67

Basic earnings per share (€)

 

(F10)

 

10.27

 

6.01

Diluted earnings per share from continuing operations (€)

 

 

 

7.92

 

5.33

Diluted earnings per share from discontinued operations (€)

 

 

 

2.28

 

0.66

Diluted earnings per share (€)

 

(F10)

 

10.19

 

5.99