Consolidated Income Statement for the year ended December 31, 2014
(All amounts in thousands of US dollars, unless specified otherwise)
| Year ended December 31, | |||
|---|---|---|---|
| NOTES | 2014 | 2013 | |
| Revenue: | 1 | 6 008 946 | 6 431 903 |
| Sales of goods | 5 921 889 | 6 328 930 | |
| Rendering of services | 87 057 | 102 973 | |
| Cost of sales | 2 | (4 839 470) | (5 074 311) |
| Gross profit | 1 169 476 | 1 357 592 | |
| Selling and distribution expenses | 3 | (349 949) | (379 205) |
| Advertising and promotion expenses | 4 | (14 468) | (12 481) |
| General and administrative expenses | 5 | (278 423) | (317 288) |
| Research and development expenses | 6 | (15 214) | (12 733) |
| Other operating income | 7 | 7 604 | 17 779 |
| Other operating expenses | 7 | (42 958) | (52 101) |
| Impairment of goodwill | 17 | (151 369) | (1 080) |
| Impairment of property, plant and equipment | 16 | (1 135) | (4 243) |
| Foreign exchange loss, net | (301 246) | (49 189) | |
| Finance costs | (232 685) | (252 247) | |
| Finance income | 6 641 | 7 164 | |
| Gain on changes in fair value of derivative financial instruments | 2 080 | 8 377 | |
| Share of profit of assoсiates | 11 | 273 | 176 |
| Gain on disposal of subsidiary | 10 | – | 1 862 |
| Profit/(loss) before tax | (201 373) | 312 383 | |
| Income tax expense | 8 | (15 276) | (97 843) |
| Profit/(loss) for the period | (216 649) | 214 540 | |
| Attributable to: | |||
| Equity holders of the parent entity | (215 559) | 213 929 | |
| Non-controlling interests | (1 090) | 611 | |
| (216 649) | 214 540 | ||
| Earnings/(loss) per share attributable to the equity holders of the parent entity, basic and diluted (in US dollars) | 9 | (0,25) | 0,25 |
The accompanying notes are an integral part of these consolidated financial statements.