Statement of Income of the WACKER Group

For the Period January 1 to December 31

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Statement of Income

€ million

 

Notes

 

2011

 

2010

 

 

 

 

 

 

 

Sales

 

01

 

4,909.7

 

4,748.4

Cost of goods sold

 

 

 

-3,747.2

 

-3,402.1

Gross profit from sales

 

 

 

1,162.5

 

1,346.3

 

 

 

 

 

 

 

Selling expenses

 

 

 

-280.8

 

-269.6

Research and development expenses

 

 

 

-172.9

 

-165.1

General administrative expenses

 

 

 

-124.0

 

-113.3

Other operating income

 

01

 

286.6

 

214.1

Other operating expenses

 

01

 

-260.5

 

-209.8

Operating result

 

 

 

610.9

 

802.6

 

 

 

 

 

 

 

Income from investments in joint ventures and associates

 

02

 

-7.7

 

-38.0

EBIT (earnings before interest and taxes)

 

 

 

603.2

 

764.6

 

 

 

 

 

 

 

Interest income

 

02

 

16.9

 

7.1

Interest expenses

 

02

 

-13.5

 

-9.1

Other financial result

 

02

 

-39.2

 

-30.3

Financial result

 

02

 

-35.8

 

-32.3

 

 

 

 

 

 

 

Income before taxes

 

 

 

567.4

 

732.3

 

 

 

 

 

 

 

Income taxes

 

03

 

-211.3

 

-235.3

Net income for the year

 

 

 

356.1

 

497.0

Of which

 

 

 

 

 

 

Attributable to shareholders of Wacker Chemie AG

 

 

 

352.6

 

490.7

Attributable to non-controlling interests

 

12

 

3.5

 

6.3

 

 

 

 

 

 

 

Earnings per common share (€) (basic/diluted)

 

19

 

7.10

 

9.88