In € million

 

Notes

 

2017

 

2016

Net sales

 

(F1)

 

10,125

 

9,568

Revenue from non-core activities

 

(F3)

 

766

 

476

Raw materials, utilities and consumables used

 

 

 

(4,892)

 

(4,154)

Use of the PPA step-up for inventories

 

 

 

 

 

(82)

Changes in inventories

 

 

 

132

 

(30)

Personnel expenses

 

 

 

(2,275)

 

(2,238)

Wages/salaries and direct social benefits

 

 

 

(1,621)

 

(1,545)

Employer's contribution for social insurance

 

 

 

(313)

 

(300)

Pensions and insurance benefits

 

 

 

(161)

 

(190)

Other personnel expenses

 

 

 

(179)

 

(203)

Amortization, depreciation and impairment

 

(F12)

 

(1,054)

 

(1,075)

Other variable logistics expenses

 

 

 

(658)

 

(613)

Other fixed expenses

 

 

 

(856)

 

(980)

Addition and reversal of provisions (excluding employee benefit provisions)

 

(F31)

 

(93)

 

(199)

Operating lease expenses

 

(F24)

 

(94)

 

(107)

M&A costs and gains and losses on disposals

 

(F5)

 

(45)

 

82

Earnings from associates and joint ventures

 

 

 

44

 

85

EBIT

 

 

 

976

 

858

Cost of borrowings

 

(F6)

 

(172)

 

(187)

Interest on lendings and short term deposits

 

(F6)

 

15

 

13

Other gains and losses on net indebtedness

 

(F6)

 

(44)

 

(50)

Cost of discounting provisions

 

(F6)

 

(97)

 

(115)

Income/loss from available-for-sale financial assets

 

(F6)

 

 

 

5

Profit for the year before taxes

 

 

 

678

 

524

Income taxes

 

(F7)

 

197

 

68

Profit for the year from continuing operations

 

 

 

875

 

592

Profit (loss) for the year from discontinued operations

 

(F8)

 

241

 

82

Profit for the year

 

(F9)

 

1,116

 

674

attributable to:

 

 

 

 

 

 

Solvay share

 

 

 

1,061

 

621

non-controlling interests

 

 

 

56

 

53