Group Management Report Products Safety and Health Environment Human Resources Social Commitment Consolidated Financial Statements 109
ALTANA Group Consolidated Income Statement
Notes 2019 2020
in € thousand
Net sales 4 2,248,943 2,178,160
Cost of sales 5 (1,424,750) (1,357,135)
Gross profit 824,193 821,025
Selling and distribution expenses (290,285) (284,838)
Research and development expenses (165,572) (163,365)
General administration expenses (105,090) (104,805)
Other operating income ¹ 6 12,108 11,800
Other operating expenses ¹ 7 (12,869) (94,076)
Operating income (EBIT) 262,485 185,741
Financial income 8 19,871 4,677
Financial expenses 9 (11,983) (8,827)
Financial result 7,888 (4,150)
Income from at equity accounted investments (39,090) (38,900)
Income before income taxes (EBT) 231,283 142,691
Income taxes 10 (62,234) (67,544)
Net income (EAT) 169,049 75,147
thereof attributable to non-controlling interests 1,620 1,872
thereof attributable to the shareholder of ALTANA AG 167,429 73,275
¹ Additions to and reversals of loss allowances relating to accounts receivable are reported net, prior year amounts were adjusted accordingly.