Explanatory notes to the consolidated statement of comprehensive income

Clients

Natural environment

Public affairs

Investors

Local communities

Employees

Social contribution



    Q1 unaudited Q2 unaudited Q3 unaudited Q4 unaudited Year ended December 31, 2016
Sales revenues 7,133 6,533 6,897 7,529 28,092
Costs of goods sold (5,605) (6,217) (5,517) (5,835) (23,174)
GROSS PROFIT / (LOSS) ON SALES 1,528 316 1,380 1,694 4,918
Other operating income / (expenses), net 157 77 28 738 1,0000
EBIT – OPERATING PROFIT / (LOSS) 1,123 (171) 895 1,665 3,512
Financial income / (expenses), net (48) (107) (47) 9 (193)
Share of profit/loss of entities accounted for under equity method - (42) (19) 16 (45)
PROFIT / (LOSS) BEFORE TAX 1,075 (320) 829 1,690 3,274
Income tax (206) (6) (173) (323) (708)
NET PROFIT / (LOSS) FOR THE REPORTING PERIOD 869 (326) 656 1,367 2,566
explanotory_notes_cs_comprehensive_income_tab_1.xlsx
     
    Q1 unaudited Q2 unaudited Q3 unaudited Q4 unaudited Year ended December 31, 2015
Sales revenues 7,553 6,692 6,915 7,382 28,542
Costs of goods sold (5,548) (13,925) (5,140) (5,453) (30,066)
GROSS PROFIT / (LOSS) ON SALES 2,005 (7,233) 1,775 1,929 (1,524)
Other operating income / (expenses), net 14 174 40 (60) 168
EBIT – OPERATING PROFIT / (LOSS) 1,416 (7,590) 1,312 1,273 (3,589)
Financial income / (expenses), net (54) (7) (49) (57) (167)
PROFIT / (LOSS) BEFORE TAX 1,362 (7,597) 1,263 1,216 (3,756)
Income tax (264) 1,440 (234) (223) 719
NET PROFIT / (LOSS) FOR THE REPORTING PERIOD 1,098 (6,157) 1,029 993 (3,037)
explanotory_notes_cs_comprehensive_income_tab_2.xlsx

In order to correct presentation of the data for the quarterly periods the Group conducted reclassifications between specific positions.