Consolidated Income Statement

(€ million)Note20132012 (*)
Net revenues(1)25,77825,785
Cost of sales(2)20,89720,931
Selling, general and administrative costs(3)2,2302,187
Research and development costs(4)600560
Other income/(expenses)(5)(66)(44)
TRADING PROFIT/(LOSS) 1,9852,063
Gains/(losses) on the disposal of investments(6)(19)(38)
Restructuring costs(7)40166
Other unusual income/(expenses)(8)(58)(13)
OPERATING PROFIT/(LOSS) 1,8681,846
Financial income/(expenses)(9)(463)(467)
Result from investments:(10)10281
Share of the profit/(loss) of investees accounted for using the equity method 10186
Other income/(expenses) from investments 1(5)
PROFIT/(LOSS) BEFORE TAXES 1,5071,460
Income taxes(11)590560
PROFIT/(LOSS) FROM CONTINUING OPERATIONS 917900
Profit/(loss) from discontinued operations --
PROFIT/(LOSS) 917900
PROFIT/(LOSS) ATTRIBUTABLE TO:   
Owners of the parent 789791
Non-controlling interests 128109
BASIC EARNINGS/(LOSS) PER COMMON SHARE(13)0.630.65
DILUTED EARNINGS/(LOSS) PER COMMON SHARE(13)0.630.65

(*) Following the retrospective application of the amendment to IAS 19 from January 1, 2013 the figures reported for the year 2012 have been recast for comparative purposes as required by IAS 1. Reference should be made to the paragraph Accounting standards, amendments and interpretations  adopted from January 1, 2013 for further details.