[7] 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.

There were no non-recurring items in the three months ended 31 March 2016.

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 March

 

 

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

 

4,262

 

 

4,262

 

4,398

 

 

4,398

Cost of sales

 

–2,720

 

 

 

–2,720

 

–2,852

 

3

 

–2,849

Gross profit

 

1,542

 

 

1,542

 

1,546

 

3

 

1,549

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development costs, marketing, selling and administration expenses

 

–1,043

 

 

 

–1,043

 

–1,082

 

17

 

–1,065

Other operating income and expenses

 

28

 

 

28

 

57

 

 

57

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

 

3

 

 

3

 

2

 

 

2

EBIT

 

530

 

 

530

 

523

 

20

 

543

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial result

 

–89

 

 

–89

 

–98

 

 

–98

Taxes on income

 

–108

 

 

 

–108

 

–101

 

–6

 

–107

 

 

 

 

 

 

 

 

 

 

 

 

 

Profit for the period

 

333

 

 

333

 

324

 

14

 

338

attributable to Linde AG shareholders

 

306

 

 

306

 

300

 

13

 

313

attributable to non-controlling interests

 

27

 

 

 

27

 

24

 

1

 

25

EBIT

 

530

 

 

530

 

523

 

20

 

543

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortisation of intangible assets and depreciation of tangible assets

 

–461

 

 

–461

 

–467

 

 

–467

Operating profit

 

991

 

 

991

 

990

 

20

 

1,010

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share in € – undiluted

 

1.65

 

 

1.65

 

1.62

 

 

1.69

Earnings per share in € – diluted

 

1.65

 

 

1.65

 

1.61

 

 

1.68