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78
2
I
FINANCIAL STATEMENTS
2.1
I
INCOME STATEMENT
(in millions of euros)
Notes
2017
2016
2015
Pre-tax sales
9,717
9,364
8,457
Operating income
11,312
10,639
10,529
External costs
(4,480)
(3,941)
(2,048)
Taxes and duties
(541)
(566)
(791)
Personnel expenses
(4,201)
(4,312)
(4,105)
Other charges
(174)
(261)
(228)
Depreciation, provisions
(777)
(1,029)
(954)
Operating profit
1,139
529
2,402
Financial earnings
– from equity interests
3.3.1
32,658
26,336
25,139
– interest and similar expenses
50
19
– positive exchange differences
13,148
25,475
12,317
– from disposal of marketable securities
2,573
745
753
– reversals of provisions
3.2.5
443
0
1
Interest expenses
– interest and similar expenses
(6,805)
(6,854)
(6,700)
– negative exchange rate differences
(29,340)
(11,712)
(15,283)
– from disposal of marketable securities
(312)
(175)
(204)
– provisions allowance
3.2.5
(6,415)
(443)
0
Financial result (income)
6,000
33,390
16,024
Current profit before tax
7,138
33,919
18,426
Extraordinary earnings
– on capital transactions
489
100
32
– on management transactions
867
663
1,189
– reversal of provisions
17
12
4
Extraordinary charges
– on capital transactions
(88)
(39)
– on management transactions
(1,044)
(806)
(1,402)
– provisions allowance
(43)
(5)
(9)
Non operating profit (loss)
198
(75)
(186)
Income tax
3.3.2
12,775
(822)
11,797
NET EARNINGS
20,111
33,022
30,037
LISI 2017 FINANCIAL REPORT
COMPANY FINANCIAL STATEMENTS
4