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Annual Report 1999 - Kemira

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CONSOLIDATED INCOME STATEMENT<br />

1.1. – 31.12.<br />

Note <strong>1999</strong> 1998<br />

EUR million EUR million<br />

Net sales 1, 28 2,526.2 2,412.7<br />

Share of associates’ profits 2, 28 2.8 5.0<br />

Other income from operations 3 32.6 16.4<br />

Cost of sales 4, 5 –2,262.5 –2,115.3<br />

Depreciation 6, 28 –188.1 –170.7<br />

Operating income 28 111.0 148.1<br />

Financing income and expenses 7 –52.4 –50.7<br />

Income before extraordinary items, taxes<br />

and minority interests 58.6 97.4<br />

Extraordinary items 8 – –<br />

Income before taxes and minority interests 58.6 97.4<br />

Direct taxes 9 –27.8 –19.3<br />

Income before minority interests 30.8 78.1<br />

Minority interest –0.9 0.5<br />

Net income 29.9 78.6<br />

Earnings per share, EUR 10 0.23 0.61<br />

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