Consolidated Income Statement

($ million)Note20142013(*)
Net revenues (1) 32,957 34,231
Cost of sales (2) 26,841 27,750
Selling, general and administrative costs (3) 2,753 2,961
Research and development costs (4) 878 797
Other income/(expenses) (5) (86) (86)
TRADING PROFIT/(LOSS)   2,399 2,637
Gains/(losses) on the disposal of investments (6) - (25)
Restructuring costs (7) 192 54
Other unusual income/(expenses) (8) (40) (77)
OPERATING PROFIT/(LOSS)   2,167 2,481
Financial income/(expenses) (9) (776) (615)
Result from investments: (10) 91 136
Share of the profit/(loss) of investees accounted for using the equity method   90 135
Other income/(expenses) from investments   1 1
PROFIT/(LOSS) BEFORE TAXES   1,482 2,002
Income taxes (11) 566 784
PROFIT/(LOSS) FROM CONTINUING OPERATIONS   916 1,218
Profit/(loss) from discontinued operations   - -
PROFIT/(LOSS)   916 1,218
PROFIT/(LOSS) ATTRIBUTABLE TO:      
Owners of the parent   917 1,048
Non-controlling interests   (1) 170

(*) Amounts recast in order to refl ect the change in presentation currency from euro to U.S. dollar. Reference should be made to the section "Significant accounting policies", paragraph “Change in presentation currency”, for further details.

(in $) 
BASIC EARNINGS/(LOSS) PER COMMON SHARE (13) 0.68 0.83
DILUTED EARNINGS/(LOSS) PER COMMON SHARE (13) 0.68 0.83