Consolidated Statement of Income

Revenues

note 3

3,556

3,425

Cost of sales

1,278

1,226

Gross profit

2,278

2,199

Sales costs

note 6

660

626

General and administrative costs:

General and administrative operating expenses

note 7

962

971

Amortization of publishing rights and impairments

note 9

175

368

Total general and administrative costs

1,137

1,339

Total operating expenses

1,797

1,965

Operating profit

481

234

Finance income

note 10

8

6

Finance costs

note 10

(137)

(125)

Results on disposals

note 5

0

(4)

Share of profit of equity-accounted investees (net of tax)

note 15

1

2

Profit before tax

353

113

Income tax expense

note 11

(66)

(3)

Total profit for the year

287

110

Attributable to:

– Equity holders of the Company

288

118

– Non-controlling interests

note 12

(1)

(8)

Profit for the year

287

110

Earnings per share (EPS) (€)

Basic EPS

note 4

0.97

0.41

Diluted EPS

note 4

0.96

0.40