Consolidated statement of income

(XLS:) Download XLS

In € millions

2008¹

2009

2010²

2011

2012

2013

2014

2015

2016⁸

2017

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 identified.
⁷	ROS and ROI have been restated and are based on EBIT instead of operating income.
⁸	Represented to present the Specialty Chemicals business as discontinued operations.

Revenue

15,415

13,028

13,605

14,604

15,390

14,590

14,296

14,859

9,434

9,612

EBIT⁶

1,315

1,131

1,325

1,154

972

897

1,072

1,462

928

905

Operating income

(577)

855

1,293

1,157

(1,198)

958

987

1,573

923

825

Financing income and expenses

(232)

(405)

(329)

(311)

(205)

(200)

(156)

(114)

(91)

(78)

Results from associates and joint ventures

25

21

25

24

13

14

21

17

18

17

Income tax

(260)

(141)

(176)

(241)

(203)

(111)

(252)

(416)

(234)

(253)

Profit for the period from continuing operations

(1,044)

330

813

629

(1,593)

661

600

1,060

616

511

Discontinued operations

23

32

58

(59)

(436)

131

18

6

436

393

Non-controlling interests

(65)

(77)

(83)

(64)

(63)

(68)

(72)

(87)

(82)

(72)

Net income, attributable to shareholders

(1,086)

285

788

506

(2,092)

724

546

979

970

832

Common shares, in millions at year-end

231.7

232.3

233.5

234.7

239.0

242.6

246.0

249.0

252.2

252.6

Dividend⁴

417

325

320

304

214

210

212

222

239

1,287

Number of employees at year-end

60,000

54,700

55,600

52,020

50,610

49,600

47,200

45,600

36,300

35,700

Average number of employees

61,300

56,300

55,100

51,100

52,200

50,200

48,200

46,100

36,200

36,200

Employee benefits

3,022

2,955

2,980

2,765

3,018

2,950

2,824

2,728

1,794

1,935

Average revenue per employee (in €1,000)

251

231

247

286

295

291

297

322

261

266

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

(9)

15

23

23

(23)

19

20

34

25

23

Ratios

ROS⁷

8.5

8.7

9.7

7.9

6.3

6.1

7.5

9.8

9.8

9.4

ROI⁷

14.1

9.0

11.6

10.0

8.2

9.0

10.9

14.0

14.4

13.9

Net income in % of shareholders’ equity

–³

3.7

8.8

5.6

–³

12.9

9.5

15.1

14.8

14.2

Employee benefits in % of revenue

19.6

22.7

21.9

18.9

19.6

20.2

19.8

18.4

19.0

20.1

Interest coverage⁵

–³

2.1

6.8

4.7

–³

5.1

8.6

16.2

13.2

12.3

Per share information

Net income

(4.38)

1.23

3.23

2.04

(8.82)

3.00

2.23

3.95

3.87

3.31

Adjusted earnings per share

2.06

3.71

3.10

2.55

2.62

2.81

4.02

4.15

4.40

Shareholders’ equity

32.21

33.47

38.48

39.25

24.12

23.06

23.53

26.04

25.99

23.22

Highest share price during the year

57.11

46.52

47.70

53.74

49.75

56.08

60.77

74.81

64.74

82.64

Lowest share price during the year

22.85

26.01

37.18

29.25

35.16

42.65

47.63

55.65

50.17

59.11

Year-end share price

29.44

46.40

46.49

37.36

49.75

55.71

57.65

61.68

59.39

73.02