Consolidated Income Statement - Integrated Annual Report and Remuneration Report 2021

CHF millions	Note	2021	2020

Net Sales from Goods and Services	13	816.5	662.6
Other operating income	14	15.2	12.6
Changes in inventories		– 8.3	15.4

Material costs	15	– 128.2	– 111.9
Energy costs		– 143.5	– 89.1
Personnel expenses	16	– 183.7	– 167.5
Depreciation/Impairments of tangible assets	5	– 81.3	– 73.4
Depreciation/Impairments of intangible assets	7	– 2.2	– 2.7
Other operating expenses	17	– 202.9	– 169.9

Operating Result (EBIT)		81.6	76.1
Financial result	18	– 6.5	1.5

Ordinary Result		75.1	77.6
Non-operating result*	19	0.8	12.1

Consolidated Profit before Income Taxes		75.9	89.7
Income taxes	20	– 12.1	– 8.5

Consolidated Profit before Minority Interests		63.8	81.2
Minority interets from Group companies		–	–
Consolidated Profit		63.8	81.2

Earnings per Share	21
Undiluted earnings per registered share A in CHF		3.22	4.10
Undiluted earnings per registered share B in CHF		0.64	0.82
Diluted earnings per registered share A in CHF		3.22	4.10
Diluted earnings per registered share B in CHF		0.64	0.82

* This includes depreciation of CHF 0.9 million on non-operating real estate and buildings (2020: CHF 0.9 million). In 2020 this position included a gain from the sale of a non-operating property of CHF 11.7 million.