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Consolidated income statement
Year Ended 31 December
EUR million Note 2016 2015
Sales 3 9 802 10 040
Other operating income 5 123 128
Changes in inventories of finished goods and work in progress 9 18
Materials and services -5 833 -6 008
Freight and sales commissions -920 -970
Personnel expenses 6 -1 334 -1 313
Other operating expenses 5 -561 -503
Share of results of equity accounted investments 13 156 519
Change in net value of biological assets 12 -261 -89
Depreciation, amortisation and impairment charges 10 -398 -763
Operating Profit 3 783 1 059
Financial income 8 44 25
Financial expense 8 -286 -270
Profit before Tax 541 814
Income tax 9 -134 -31
Net Profit for the Year 407 783
Attributable to:
Owners of the Parent 18 463 807
Non-controlling Interests 19 -56 -24
Net Profit for the Year 407 783
Earnings per Share
Basic and diluted earnings per share, EUR 32 0.59 1.02

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