Consolidated Income Statement For the year ended December 31 Note 2010 2009 In thousands of US Dollars Continuing operations Revenue 7 990,495 867,447 Cost of sales 811,937 701,860 Gross profit 178,558 165,587 Selling, general and administrative expenses 128,934 137,537 Restructuring expense 27 423 7,782 Asset impairment expense 13 602 1,718 Environmental expense 27 6,421 3,998 Other expenses 260 173 Other income 8 (1,341) (6,182) Operating profit 43,259 20,561 Finance expense 10 18,727 18,419 Finance income 10 (5,429) (3,587) Foreign exchange (gain) loss 10 (2,799) 2,418 Net finance costs 10 10,499 17,250 Share of loss of associates and joint ventures 15 (19,405) (31,958) Profit (loss) before income tax 13,355 (28,647) Income tax expense 11 11,207 15,205 Profit (loss) for the year from continuing operations 2,148 (43,852) Loss after tax for the year from discontinued operations 6 – (54,378) Profit (loss) for the year 2,148 (98,230) Attributable to: Shareholders of the Company 2,414 (75,642) Non-controlling interests (266) (22,588) 2,148 (98,230) Earnings (loss) per share Basic earnings (loss) per share 22 0.09 (2.82) Diluted earnings (loss) per share 22 0.09 (2.82) Earnings (loss) per share from continuing operations Basic earnings (loss) per share from continuing operations 22 0.09 (1.77) Diluted earnings (loss) per share from continuing operations 22 0.09 (1.77) The notes are an integral part of these consolidated financial statements. 68 Consolidated Income Statement
Consolidated Statement of Comprehensive Income For the year ended December 31 Note 2010 2009 In thousands of US Dollars Profit (loss) for the period 2,148 (98,230) Exchange differences on translation of foreign operations 21 (4,311) 7,908 Net gain on cash flow hedges, net of tax 21 1,865 13,435 Other comprehensive loss 21 (298) (76,887) Attributable to: Shareholders of the Company 1,723 (57,731) Non-controlling interests (2,021) (19,156) The notes are an integral part of these consolidated financial statements. Consolidated Statement of Comprehensive Income 69