Consolidated Income Statement - Integrated Annual Report and Remuneration Report 2020

CHF millions	Note	2020	2019 1)

Net Sales from Goods and Services	14	662.6	714.9
Other operating income	15	12.6	12.6
Changes in inventories		15.4	2.4

Material costs	16	– 111.9	– 116.0
Energy costs		– 89.1	– 94.6
Personnel expenses	17	– 167.5	– 169.7
Depreciation/Impairments of tangible assets	5	– 73.4	– 74.7
Depreciation/Impairments of intangible assets	7	– 2.7	– 2.0
Other operating expenses	18	– 169.9	– 183.5

Operating Result (EBIT)		76.1	89.4
Financial result	19	1.5	– 3.6

Ordinary Result		77.6	85.8
Non-operating result 2)	20	12.1	1.5

Consolidated Profit before Income Taxes		89.7	87.3
Income taxes	21	– 8.5	– 14.2

Consolidated Profit before Minority Interests		81.2	73.1
Minority interets from Group companies		–	– 0.7
Consolidated Profit		81.2	72.4

Earnings per Share	22
Undiluted earnings per registered share A in CHF		4.10	182.61
Undiluted earnings per registered share B in CHF		0.82	36.52
Diluted earnings per registered share A in CHF		4.10	182.61
Diluted earnings per registered share B in CHF		0.82	36.52

¹⁾ adjusted; see note No. 29
²⁾ This position includes a gain from the sale of a non-operating property of CHF 11.7 million (2019: CHF 0.0 million).