In € million

 

Notes

 

2018

 

2017

Net sales

 

(F1)

 

10,257

 

10,125

Revenue from non-core activities

 

(F3)

 

1,042

 

859

Raw materials, utilities and consumables used

 

 

 

(5,344)

 

(4,984)

Changes in inventories

 

 

 

165

 

132

Personnel expenses

 

 

 

(2,229)

 

(2,275)

Wages and direct social benefits

 

 

 

(1,634)

 

(1,621)

Employer’s contribution for social insurance

 

 

 

(307)

 

(313)

Pensions and insurance benefits

 

 

 

(105)

 

(161)

Other personnel expenses

 

 

 

(182)

 

(179)

Amortization, depreciation and impairment

 

(F12)

 

(944)

 

(1,054)

Other variable logistics expenses

 

 

 

(716)

 

(658)

Other fixed expenses

 

 

 

(923)

 

(980)

Addition and reversal of provisions (excluding employee benefit provisions)

 

(F31)

 

(263)

 

(93)

Operating lease expenses

 

(F24)

 

(101)

 

(94)

M&A costs and gains and losses on disposals

 

(F5)

 

(3)

 

(45)

Earnings from associates and joint ventures

 

(F25)

 

44

 

44

EBIT

 

 

 

986

 

976

Cost of borrowings

 

(F6)

 

(131)

 

(172)

Interest on loans and short term deposits

 

(F6)

 

13

 

15

Other gains and losses on net indebtedness

 

(F6)

 

(1)

 

(44)

Cost of discounting provisions

 

(F6)

 

(77)

 

(97)

Profit for the year before taxes

 

 

 

791

 

678

Income taxes

 

(F7)

 

(95)

 

197

Profit for the year from continuing operations

 

 

 

697

 

875

Profit for the year from discontinued operations

 

(F8)

 

201

 

241

Profit for the year

 

(F9)

 

897

 

1,116

attributable to:

 

 

 

 

 

 

Solvay share

 

 

 

858

 

1,061

non-controlling interests

 

 

 

39

 

56