Condensed consolidated income statement

EUR million Note Q2 2012 Q2 2011 Q1-Q2
2012
Q1-Q2
2011
2011 Last
twelve
months
               
Sales 4 1,284 1,316 3,185 3,350 6,161 5,996
Other income   16 20 30 33 91 88
Materials and services   -532 -518 -1,333 -1,469 -2,566 -2,430
Employee benefit costs   -143 -141 -281 -271 -529 -539
Depreciation, amortisation and impairment charges 4,12,13 -163 -155 -321 -304 -606 -623
Other expenses   -181 -174 -348 -342 -749 -755
Comparable operating profit   281 348 932 997 1,802 1,737
Items affecting comparability   2 261 87 512 600 175
Operating profit   283 609 1,019 1,509 2,402 1,912
Share of profit/loss of associates and joint ventures 4, 14 26 15 19 74 91 36
Interest expense   -75 -70 -151 -132 -284 -303
Interest income   14 15 28 30 56 54
Fair value gains and losses on financial instruments   -1 -2 -8 -3 5 0
Other financial expenses - net   -11 -15 -18 -22 -42 -38
Finance costs - net   -73 -72 -149 -127 -265 -287
Profit before income tax   236 552 889 1,456 2,228 1,661
Income tax expense 9 -46 -74 -165 -232 -366 -299
Profit for the period   190 478 724 1,224 1,862 1,362
               
               
Attributable to:              
Owners of the parent   186 472 681 1,150 1,769 1,300
Non-controlling interests   4 6 43 74 93 62
    190 478 724 1,224 1,862 1,362
               
               
Earnings per share (in € per share) 10            
Basic   0.21 0.53 0.77 1.29 1.99 1.46
Diluted   0.21 0.53 0.77 1.29 1.99 1.46
               
               
EUR million   Q2 2012 Q2 2011 Q1-Q2
2012
Q1-Q2
2011
2011 Last
twelve
months
Comparable operating profit   281 348 932 997 1,802 1,737
Non-recurring items (capital gains and losses)   11 193 121 275 284 130
Changes in fair values of derivatives hedging future cash flow   -2 76 -18 249 344 77
Nuclear fund adjustment   -7 -8 -16 -12 -28 -32
Items affecting comparability   2 261 87 512 600 175
Operating profit   283 609 1,019 1,509 2,402 1,912
               

Condensed consolidated statement of comprehensive income

EUR million Q2 2012 Q2 2011 Q1-Q2
2012
Q1-Q2
2011
2011 2010
             
Profit for the period 190 478 724 1,224 1,862 1,354
             
Other comprehensive income            
Cash flow hedges            
Fair value gains/losses in the period 17 95 83 145 299 -583
Transfers to income statement -56 99 -88 331 480 1
Transfers to inventory/fixed assets -2 -6 -4 -6 -23 -16
Tax effect 11 -49 2 -123 -195 151
Net investment hedges            
Fair value gains/losses in the period - 3 - 2 2 -1
Tax effect - 0 - 0 0 0
Available for sale financial assets            
Fair value changes in the period 0 -1 0 -1 -1 0
Exchange differences on translating foreign operations -144 -46 70 -8 -75 344
Share of other comprehensive income of associates 1) 1 -20 -11 1 2 -69
Other changes 1 6 0 7 3 -16
Other comprehensive income for the period, net of tax -172 81 52 348 492 -189
Total comprehensive income for the year 18 559 776 1,572 2,354 1,165
             
Total comprehensive income attributable to            
Owners of the parent 14 564 728 1,503 2,255 1,064
Non-controlling interests 4 -5 48 69 99 101
  18 559 776 1,572 2,354 1,165
1) Of which fair value change in Hafslund ASA's shareholding in REC
incl. translation differences
- -6 - 0 0 -77