Solvay
2019 Annual Integrated Report

In € million

Notes

2019

2018

Net sales

(F1)

10,244

10,257

Revenue from non-core activities

(F3)

983

1,042

Raw materials, utilities and consumables used

 

(4,825)

(5,344)

Changes in inventories

 

(151)

165

Personnel expenses

 

(2,308)

(2,229)

Wages and direct social benefits

 

(1,672)

(1,634)

Employer's contribution for social insurance

 

(304)

(307)

Pensions and insurance benefits

 

(155)

(105)

Other personnel expenses

 

(175)

(182)

Amortization, depreciation and impairment

(F12)

(1,906)

(944)

Other variable logistics expenses

 

(716)

(716)

Other fixed expenses

 

(1,037)

(923)

Addition and reversal of provisions (excluding employee benefit provisions)

(F31)

(50)

(263)

Operating lease expenses

 

 

(101)

M&A costs and gains and losses on disposals

(F5)

(13)

(3)

Earnings from associates and joint ventures

(F25)

95

44

EBIT

 

316

986

Cost of borrowings

(F6)

(140)

(131)

Interest on loans and short term deposits

(F6)

15

13

Other gains and losses on net indebtedness

(F6)

(16)

(1)

Cost of discounting provisions

(F6)

(105)

(77)

Income from equity instruments measured at fair value through other comprehensive income

 

4

 

Profit for the year before taxes

 

74

791

Income taxes

(F7)

(153)

(75)

Profit/(loss) for the year from continuing operations

 

(79)

716

Profit for the year from discontinued operations

(F8)

236

201

Profit for the year

(F9)

157

917

attributable to:

 

 

 

Solvay share

 

118

877

non-controlling interests

 

38

39