Jotun Group 10 Consolidated statement of comprehensive income JOTUN GROUP The income statement presents revenues and expenses for the companies consolidated in the Group and measures the results for the accounting period in accordance with current IFRS standards as adopted by the EU. All internal matters have been eliminated. The profit or loss statement distinguishes between what is deemed to be the Group’s operations and what is deemed to be of a more financial nature. The result of investments in associates is presented on a single line. The notes explain the content of the various accounting lines. The statement of other comprehensive income is presented as a separate table in connection with the income statement. The table shows all income and expenses that are not included in the “Profit for the year“. CONSOLIDATED STATEMENT OF PROFIT OR LOSS (NOK thousand) Note 2014 2013 Operating revenue 13 170 781 12 034 454 Share of profit from associated companies and joint ventures 2 356 352 286 961 Cost of goods sold -7 118 515 -6 515 133 Payroll expenses 3, 4 -2 191 774 -2 016 281 Other operating expenses 5, 21 -2 566 327 -2 228 257 Depreciation, amortisation and impairment 7, 8 -336 929 -303 883 Operating profit 1 313 588 1 257 862 Net financial items 5 -12 166 -66 494 Profit before tax 1 301 422 1 191 368 Income tax 6 -355 737 -334 625 Profit for the year 945 685 856 743 CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME Other comprehensive income not to be reclassified to profit or loss in subsequent periods: Actuarial gains (losses) on defined benefit pension plans 4 1 137 -9 623 Other comprehensive income to be reclassified to profit or loss in subsequent periods: Translation differences on net investments in foreign operations 16 149 202 30 510 Loss on hedge of net investments in foreign operations 16 -120 010 3 407 Currency translation difference 16 803 860 183 967 Other comprehensive income for the year, net of tax 834 190 208 260 Total comprehensive income for the year 1 779 875 1 065 003 Profit for the year attributable to: Equity holders of the parent company 894 920 798 268 Non-controlling interests 18 50 765 58 475 Total 945 685 856 743 Total comprehensive income attributable to: Equity holders of the parent company 1 695 833 1 002 222 Non-controlling interests 18 84 042 62 781 Total 1 779 875 1 065 003
Jotun Annual Report 2014
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