Contents

Financial position – resultsConsolidated income statement4Consolidated income statement(€ millions) Notes 2012 2011Sales 29 3,852 3,944Other operating income 21 33 15Purchases consumed and change in inventories (2,647) (2,737)Personnel expenses 22 (601) (587)External expenses (459) (459)Taxes other than income taxes (15) (14)Depreciation and amortisation (66) (68)Net (additions to) reversals of provisions (12) 22Other operating expenses (29) (27)RECURRING OPERATING INCOME 56 89Other operating income 11 28Other operating expenses (135) (120)Other operating income and expenses, net 24 (124) (92)OPERATING LOSS (68) (3)Cost of net debt (37) (32)Other financial income and expenses, net (14) (8)Net financial loss 25 (51) (40)Income tax benefit (expense) 27 – (35)Net loss from consolidated companies (119) (78)Share of earnings of associates 7 – 1Net loss from continuing operations (119) (77)Net income (loss) from discontinued operations 4b – –NET LOSS (119) (77)Attributable to:- Sequana shareholders (119) (77)Earnings per share- Weighted average number of shares outstanding 20,405,216 12,473,881- Diluted number of shares 20,405,216 12,473,881Basic earnings (loss) per share (in €) 13- Loss per share from continuing operations (5.85) (6.21)- Earnings (loss) per share from discontinued operations – 0.03- Consolidated loss per share (5.85) (6.18)Diluted earnings (loss) per share (in €) 13- Diluted loss per share from continuing operations (5.85) (6.21)- Diluted earnings (loss) per share from discontinued operations – 0.03- Consolidated diluted loss per share (5.85) (6.18)The notes are an integral part of the financial statements.Sequana | 2012 Document de référence (English version) | 95