Consolidated statement of income

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Consolidated statement of income

In € millions

2009

20101

2011

2012

2013

2014

2015

20167,8

20178

2018

1

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

2

Not meaningful as operating income and net income were losses.

3

Cash dividend paid to shareholders of AkzoNobel.

4

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

5

Adjusted operating income = operating income excluding identified items.

6

ROS and ROI have been restated and are based on adjusted operating income.

7

Represented to present the Specialty Chemicals business as discontinued operations.

8

Represented to the new adjusted earnings per share definition, which no longer excludes post-tax amortization charges.

Revenue

13,028

13,605

14,604

15,390

14,590

14,296

14,859

9,434

9,612

9,256

Adjusted operating income5

1,131

1,325

1,154

972

897

1,072

1,462

928

905

798

Operating income

855

1,293

1,157

(1,198)

958

987

1,573

923

825

605

Financing income and expenses

(405)

(329)

(311)

(205)

(200)

(156)

(114)

(91)

(78)

(52)

Income tax

(141)

(176)

(241)

(203)

(111)

(252)

(416)

(234)

(253)

(118)

Results from associates and joint ventures

21

25

24

13

14

21

17

18

17

20

Profit for the period from continuing oper­ations

330

813

629

(1,593)

661

600

1,060

616

511

455

Discontinued operations

32

58

(59)

(436)

131

18

6

436

393

6,274

Non-controlling interests

(77)

(83)

(64)

(63)

(68)

(72)

(87)

(82)

(72)

(55)

Net income, attributable to shareholders

285

788

506

(2,092)

724

546

979

970

832

6,674

Common shares, in millions at year-end

232.3

233.5

234.7

239.0

242.6

246.0

249.0

252.2

252.6

256.2

Dividend3

325

320

304

214

210

212

222

239

1,287

390

Number of employees at year-end

54,700

55,600

52,020

50,610

49,600

47,200

45,600

36,300

35,700

34,500

Average number of employees

56,300

55,100

51,100

52,200

50,200

48,200

46,100

36,200

36,200

34,900

Employee benefits

2,955

2,980

2,765

3,018

2,950

2,824

2,728

1,794

1,935

1,976

Average revenue per employee (in €1,000)

231

247

286

295

291

297

322

261

266

265

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

15

23

23

(23)

19

20

34

25

23

17

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

 

 

 

 

 

 

 

 

 

ROS6

8.7

9.7

7.9

6.3

6.1

7.5

9.8

9.8

9.4

8.6

ROI6

9.0

11.6

10.0

8.2

9.0

10.9

14.0

14.4

13.9

12.6

Net income in % of shareholders’ equity

3.7

8.8

5.6

–2

12.9

9.5

15.1

14.8

14.2

56.4

Employee benefits in % of revenue

22.7

21.9

18.9

19.6

20.2

19.8

18.4

19.0

20.1

21.3

Interest coverage4

2.1

6.8

4.7

–2

5.1

8.6

16.2

13.2

12.3

8.0

 

 

 

 

 

 

 

 

 

 

 

Per share information

 

 

 

 

 

 

 

 

 

 

Net income

1.23

3.23

2.04

(8.82)

3.00

2.23

3.95

3.87

3.31

26.19

Adjusted earnings per share

2.06

3.71

3.10

2.55

2.62

2.81

4.02

3.80

4.40

3.78

Shareholders’ equity

33.47

38.48

39.25

24.12

23.06

23.53

26.04

25.99

23.22

46.19

Highest share price during the year

46.52

47.70

53.74

49.75

56.08

60.77

74.81

64.74

82.64

82.70

Lowest share price during the year

26.01

37.18

29.25

35.16

42.65

47.63

55.65

50.17

59.11

68.82

Year-end share price

46.40

46.49

37.36

49.75

55.71

57.65

61.68

59.39

73.02

70.40