INTEGRATED REPORT 2016
Consolidated Statement of Profit or Loss
(in thousands of US dollars, unless otherwise stated)
| Note | 2016 | 2015 | |
| Revenues | 21 | 2,278,249 | 3,123,302 |
| Cost of sales | 22 | (549,766) | (568,758) |
| Gross profit | 1,728,483 | 2,554,544 | |
| Distribution costs | 23 | (547,676) | (604,264) |
| General and administrative expenses | 24 | (154,082) | (156,884) |
| Taxes other than income tax | (25,414) | (24,826) | |
| Other operating expenses, net | 25 | (12,741) | (43,329) |
| Operating profit | 988,570 | 1,725,241 | |
| Finance income/(expenses), net | 26 | 768,126 | (1,517,642) |
| Profit before income tax | 1,756,696 | 207,599 | |
| Income tax expense | 27 | (329,550) | (23,831) |
| Net profit for the year | 1,427,146 | 183,768 | |
| Profit/(Loss) attributable to: | |||
| Owners of the Company | 1,427,283 | 181,242 | |
| Non-controlling interests | (137) | 2,526 | |
| Net profit for the year | 1,427,146 | 183,768 | |
| Weighted average number of ordinary shares in issue (million) | 1,417 | 2,199 | |
| Earnings per share basic and diluted (in US cents) | 100.73 | 8.24 |
The accompanying notes are an integral part of these consolidated financial statements.