Consolidated statement of income

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in € millions

2007

2008 ¹

2009

2010 ²

2011

2012

2013

2014

2015

2016

¹	Continuing operations from ICI are included as from 2008. The 2008 figures have not been restated for the National Starch divestment.
²	Restated to present Decorative Paints North America as a discontinued operation and for the revised IAS19.
³	Not meaningful as operating income and net income were losses.
⁴	Cash dividend paid to shareholders of AkzoNobel.
⁵	Until 2009: operating income divided by net financing expenses, as from 2010: operating income divided by net interest on net debt.
⁶	EBIT = operating income excluding incidentals.
⁷	ROS and ROI have been restated and are based on EBIT instead of operating income.

Revenue

10,217

15,415

13,028

13,605

14,604

15,390

14,590

14,296

14,859

14,197

EBIT ⁶

916

1,315

1,131

1,325

1,154

972

897

1,072

1,462

1,502

Operating income

778

(577)

855

1,293

1,157

(1,198)

958

987

1,573

1,519

Financing income and expenses

(151)

(232)

(405)

(329)

(311)

(205)

(200)

(156)

(114)

(114)

Income tax

(166)

(260)

(141)

(176)

(241)

(203)

(111)

(252)

(416)

(394)

Results from associates and joint ventures

(20)

25

21

25

24

13

14

21

17

43

Profit for the period from continuing operations

441

(1,044)

330

813

629

(1,593)

661

600

1,060

1,054

Minority interests attributable to minority shareholders

(31)

(65)

(77)

(83)

(64)

(63)

(68)

(72)

(87)

(82)

Discontinued operations

9

23

32

58

(59)

(436)

131

18

6

(2)

Net income, attributable to shareholders

419

(1,086)

285

788

506

(2,092)

724

546

979

970

Common shares, in millions at year-end

262.3

231.7

232.3

233.5

234.7

239.0

242.6

246.0

249.0

252.2

Dividend ⁴

472

417

325

320

304

214

210

212

222

239

Number of employees at year-end

42,600

60,000

54,700

55,600

52,020

50,610

49,600

47,200

45,600

46,000

Average number of employees

42,600

61,300

56,300

55,100

51,100

52,200

50,200

48,200

46,100

45,800

Employee benefits

2,215

3,022

2,955

2,980

2,765

3,018

2,950

2,824

2,728

2,682

Average revenue per employee (in €1,000)

240

251

231

247

286

295

291

297

322

310

Average Operating income per employee (in €1,000)

18

(9)

15

23

23

(23)

19

20

34

33

Ratios

ROS ⁷

9.0

8.5

8.7

9.7

7.9

6.3

6.1

7.5

9.8

10.6

ROI ⁷

13.8

14.1

9.0

11.6

10.0

8.2

9.0

10.9

14.0

15.0

Net income in % of shareholders’ equity

122.9

– ³

3.7

8.8

5.6

– ³

12.9

9.5

15.1

14.8

Employee benefits in % of revenue

21.7

19.6

22.7

21.9

18.9

19.6

20.2

19.8

18.4

18.9

Interest coverage ⁵

5.2

– ³

2.1

6.8

4.7

– ³

5.1

8.6

16.2

13.3

Per share information

Net income

33.82

(4.38)

1.23

3.23

2.04

(8.82)

3.00

2.23

3.95

3.85

Adjusted earnings per share

2.06

3.71

3.10

2.55

2.62

2.81

4.02

4.15

Shareholders’ equity

42.06

32.21

33.47

38.48

39.25

24.12

23.06

23.53

26.04

25.99

Highest share price during the year

65.56

57.11

46.52

47.70

53.74

49.75

56.08

60.77

74.81

64.74

Lowest share price during the year

44.41

22.85

26.01

37.18

29.25

35.16

42.65

47.63

55.65

50.17

Year-end share price

54.79

29.44

46.40

46.49

37.36

49.75

55.71

57.65

61.68

59.39