Consolidated statement of income

In € millions

 

2005 1

 

2006

 

2007

 

2008 2

 

2009

 

2010 3

 

2011

 

2012

 

2013

 

2014

1

The 2005 figures have not been restated for the Organon BioSciences divestment.

2

Continuing operations from ICI are included as from 2008. The 2008 figures have not been restated for the National Starch divestment.

3

Restated to present Decorative Paints North America as a discontinued operation and for the revised IAS19.

4

Not meaningful as operating income and net income were losses.

5

Until 2009: operating income divided by net financing expenses, as from 2010: operating income divided by net interest on net debt.

Revenue

 

13,000

 

10,023

 

10,217

 

15,415

 

13,028

 

13,605

 

14,604

 

15,390

 

14,590

 

14,296

Operating income

 

1,492

 

887

 

778

 

(577)

 

855

 

1,293

 

1,157

 

(1,198)

 

958

 

987

Financing income and expenses

 

(162)

 

(134)

 

(151)

 

(232)

 

(405)

 

(329)

 

(311)

 

(205)

 

(200)

 

(156)

Income tax

 

(338)

 

(96)

 

(166)

 

(260)

 

(141)

 

(176)

 

(241)

 

(203)

 

(111)

 

(252)

Results from associates and joint ventures

 

6

 

87

 

(20)

 

25

 

21

 

25

 

24

 

13

 

14

 

21

Profit for the period from continuing operations

 

998

 

744

 

441

 

(1,044)

 

330

 

813

 

629

 

(1,593)

 

661

 

600

Non-controlling interests

 

(37)

 

(29)

 

(31)

 

(65)

 

(77)

 

(83)

 

(64)

 

(63)

 

(68)

 

(72)

Discontinued operations

 

 

438

 

9

 

23

 

32

 

58

 

(59)

 

(436)

 

131

 

18

Net income, attributable to shareholders

 

961

 

1,153

 

419

 

(1,086)

 

285

 

788

 

506

 

(2,092)

 

724

 

546

Common shares, in millions at year-end

 

285.8

 

287.0

 

262.3

 

231.7

 

232.3

 

233.5

 

234.7

 

239.0

 

242.6

 

246.0

Dividend to shareholders

 

343

 

344

 

472

 

417

 

325

 

320

 

304

 

214

 

210

 

212

Number of employees at year-end

 

61,300

 

42,700

 

42,600

 

60,000

 

54,700

 

55,600

 

52,020

 

50,610

 

49,600

 

47,200

Average number of employees

 

61,400

 

61,900

 

42,600

 

61,300

 

56,300

 

55,100

 

51,100

 

52,200

 

50,200

 

48,200

Employee benefits

 

3,221

 

2,158

 

2,215

 

3,022

 

2,955

 

2,980

 

2,765

 

3,018

 

2,950

 

2,824

Average revenue per employee (in €1,000)

 

212

 

162

 

240

 

251

 

231

 

247

 

286

 

295

 

291

 

297

Average operating income per employee (in €1,000)

 

24

 

14

 

18

 

(9)

 

15

 

23

 

23

 

(23)

 

19

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ROS

 

11.5

 

8.8

 

7.6

 

4

 

6.6

 

9.5

 

7.9

 

4

 

6.6

 

6.9

ROI

 

19.4

 

16.3

 

14.6

 

4

 

7.3

 

11.3

 

10.0

 

4

 

9.6

 

10.0

Net income in % of shareholders’ equity

 

32.0

 

30.5

 

122.9

 

4

 

3.7

 

8.8

 

5.6

 

4

 

12.9

 

9.5

Employee benefits in % of revenue

 

24.8

 

21.5

 

21.7

 

19.6

 

22.7

 

21.9

 

18.9

 

19.6

 

20.2

 

19.8

Interest coverage 5

 

9.2

 

6.6

 

5.2

 

4

 

2.1

 

6.8

 

4.7

 

4

 

5.1

 

8.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per share information (in €)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

3.36

 

4.02

 

33.82

 

(4.38)

 

1.23

 

3.23

 

2.04

 

(8.82)

 

3.00

 

2.23

Adjusted earnings per share

 

 

 

 

 

 

 

 

 

2.06

 

3.71

 

3.10

 

2.55

 

2.62

 

2.81

Shareholders’ equity

 

11.95

 

14.44

 

42.06

 

32.21

 

33.47

 

38.48

 

39.25

 

24.12

 

23.06

 

23.53

Highest share price during the year

 

40.18

 

49.41

 

65.56

 

57.11

 

46.52

 

47.70

 

53.74

 

49.75

 

56.08

 

60.77

Lowest share price during the year

 

30.82

 

38.30

 

44.41

 

22.85

 

26.01

 

37.18

 

29.25

 

35.16

 

42.65

 

47.63

Year-end share price

 

39.15

 

46.18

 

54.79

 

29.44

 

46.40

 

46.49

 

37.36

 

49.75

 

55.71

 

57.65