Annual Report 2020

Consolidated income statement

From January 1 to December 31, 2020, in EUR ’000
2020 2019
Sales 9,773,873 12,049,163
Cost of Sales -8,445,296 -10,135,690
Gross profit on sales 1,328,577 1,913,473
Selling expenses -520,144 -560,236
General administrative expenses -472,958 -519,865
Research and development expenses -643,706 -750,754
Other operating income 569,359 346,271
thereof from currency translation: 248,724 (prev. yr.: 121,356)
Other operating expenses -438,954 -315,149
thereof from currency translation: –293,108 (prev. yr.: –129,076)
-1,506,403 -1,799,733
-177,826 113,740
Investment income 4 81
thereof from affiliated companies: 0 (prev. yr.: 11)
Income from other securities and long-term loans 215 1,801
Result from associated companies 1,197 6,709
Other interest and similar income 31,323 23,661
thereof from affiliated companies: 12 (prev. yr.: 12)
thereof income from discounting: 27 (prev. yr.: 66)
thereof negative interest income: 52 (prev. yr.: 0)
Impairment of financial assets and of securities -15,366 -3,292
Interest and similar expenses -141,692 -132,988
thereof to affiliated companies: –9 (prev. yr.: –11)
thereof expenses from discounting: –55,170 (prev. yr.: –53,201)
-124,319 -104,028
Result from business activities -302,145 9,712
Taxes on income -98,241 -189,453
thereof expense from deferred income taxes: –5,858 (prev. yr.: –28,716)
Result after taxes -400,386 -179,741
Other taxes -33,362 -31,806
Consolidated net loss -433,748 -211,547
Consolidated unappropriated retained earnings prior year 5,510 13,568
Dividend distribution -5,340 -13,400
Withdrawal from revenue reserves 373,410 161,031
Profit applicable to non-controlling interests -40,650 -78,616
Loss applicable to non-controlling interests 104,257 134,474
Consolidated unappropriated retained earnings 3,439 5,510