Consolidated Income Statement 1 Audited

million CHF Note 2 2016 2015
     
Sales 2 4,132 3,803
Cost of goods sold   (2,731) (2,704)
Gross profit   1,401 1,099
       
Marketing and distribution   (281) (239)
Research and development  22 (84) (103)
Administration and general overheads    (478) (313)
Other operating income 19 32 55
Other operating expenses 19 (104) (71)
Result from operating activities (EBIT) 3   486 428
Financial income 20.1 2 4
Financial expenses 20.2 (114) (89)
Net financing costs   (112) (85)
Share of loss of associates / joint ventures 7 (1) (2)
Profit before income taxes   373 341
       
Income taxes 21 (72) (64)
Profit for the period   301 277
       

Attributable to:

     
Equity holders of the parent   301 277
Non-controlling interest   0 0
Profit for the period   301 277
       
          CHF         CHF
Basic earnings per share 26 5.73 5.30
Diluted earnings per share 26 5.69 5.26