12.02

Consolidated statements of income

Consolidated statements of income

	2004	% VARIANCE	2003	% VARIANCE	2002
O 15 Net sales	12,585		11,785		11,662
O 16 Other operating revenues	50		81		120
Total operating revenues	12,635	6.5	11,866	0.7	11,782
Cost of materials	(600)		(546)		(554)
Work contracted out and other external expenses	(5,262)		(4,920)		(4,810)
O 17 Salaries and social security contributions	(4,305)		(4,163)		(4,027)
O 18 Depreciation, amortisation and impairments	(533)		(711)		(490)
O 19 Other operating expenses	(761)		(759)		(843)
Total operating expenses	(11,461)	(3.3)	(11,099)	(3.5)	(10,724)
Operating income	1,174	53.1	767	(27.5)	1,058
O 20 Interest and similar income	37		18		20
O 20 Interest and similar expenses	(114)		(110)		(128)
Net financial (expense) / income	(77)	16.3	(92)	14.8	(108)
Income before income taxes	1,097	62.5	675	(28.9)	950
O 21 Income taxes	(428)		(368)		(341)
Results from investments in affiliated companies	(3)		(6)		(5)
Net income before minority interests	666	121.3	301	(50.2)	604
Minority interests	1		(1)		(5)
Net income	667	122.3	300	(49.9)	599
O 17 Net income per ordinary share (in € cents) 1	140.9		63.1		126.1
O 17 Net income per diluted ordinary share (in € cents) 2	140.7		63.1		126.1
(in € millions, except percentage) In 2004 based on an average of 473,387,568 of ordinary shares / ADRs (2003: 475,078,945; 2002: 475,021,075) In 2004 based on an average of 473,980,149 of diluted ordinary shares / ADRs (2003: 475,356,130; 2002: 475,022,482) The figures # O in the line items of these financial statements refer to the notes to the financial statements. The accompany notes form an integral part of the financial statements.