[8] Reconciliation of key financial figures

The key financial figures relating to The Linde Group have been adjusted in the table below for non-recurring items. Non-recurring items are items which, due to their nature, frequency and/or extent, are likely to have an adverse impact on how accurately the key financial figures reflect the sustainability of the earnings capacity of The Linde Group in the capital market.

Return on capital employed (ROCE) is calculated in Linde by dividing EBIT by capital employed. Capital employed is calculated on the basis of the average of the figures as at 31 December of the current year and 31 December of the prior year and is therefore not disclosed in the interim reports.

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Key financial figures adjusted for non-recurring items

 

 

January to September

 

 

2016

 

2015

in € million

 

As reported

 

Non-
recur­ring items

 

Key financial figures before non-
recur­ring items

 

As reported

 

Non-
recur­ring items

 

Key financial figures before non-
recur­ring items

Revenue

 

12,967

 

 

12,967

 

13,552

 

 

13,552

Cost of sales

 

–8,320

 

7

 

–8,313

 

–8,744

 

36

 

–8,708

Gross profit

 

4,647

 

7

 

4,654

 

4,808

 

36

 

4,844

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development costs, marketing, selling and administration expenses

 

–3,195

 

43

 

–3,152

 

–3,416

 

156

 

–3,260

Other operating income and expenses

 

155

 

 

155

 

132

 

 

132

Share of profit or loss from associates and joint ventures (at equity)

 

12

 

 

12

 

9

 

 

9

EBIT

 

1,619

 

50

 

1,669

 

1,533

 

192

 

1,725

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial result

 

–252

 

 

–252

 

–301

 

 

–301

Taxes on income

 

–333

 

–11

 

–344

 

–295

 

–53

 

–348

 

 

 

 

 

 

 

 

 

 

 

 

 

Profit for the period

 

1,034

 

39

 

1,073

 

937

 

139

 

1,076

attributable to Linde AG shareholders

 

945

 

39

 

984

 

860

 

133

 

993

attributable to non-controlling interests

 

89

 

 

89

 

77

 

6

 

83

EBIT

 

1,619

 

50

 

1,669

 

1,533

 

192

 

1,725

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortisation of intangible assets and depreciation of tangible assets

 

–1,397

 

 

–1,397

 

–1,412

 

 

–1,412

Operating profit

 

3,016

 

50

 

3,066

 

2,945

 

192

 

3,137

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share in € – undiluted

 

5.09

 

0.21

 

5.30

 

4.63

 

0.72

 

5.35

Earnings per share in € – diluted

 

5.07

 

0.21

 

5.28

 

4.62

 

0.71

 

5.33