Consolidated Profit and Loss Account
2003 2002
in millions of euros
Net turnover 9,255 8,482*
Raw materials, consumables and services 5,557 5,029*
Staff costs 1,832 1,642
Amortisation/depreciation and value adjustments 644 529
Total operating expenses 8,033 7,200
Operating profit 1,222 1,282
Results of non-consolidated participating interests 101 48
Interest -140 -109
Profit before tax 1,183 1,221
Taxation - 319 - 364
Group profit after tax 864 857
Minority interests -66 -62
Net profit 798 795
Number of shares in issue 391,979,675 391,979,675
Net profit per share 2.04 2.03
Restated for comparison purposes
FINANCIAL STATEMENTS 2003
53