Consolidated income statement, IFRS

EUR million | 1.1. – 31.12.Notes20142013
Net sales(1)1,389.11,521.0
Cost of sales(3)(6)(7)-769.6-819.9
Gross profit619.5701.0
Other operating income(4)3.43.9
Selling and marketing expenses(6)(7)-246.5-249.1
Administration expenses(6)(7)-34.5-36.6
Other operating expenses(5)(6)(7)-33.2-33.8
Operating profit308.7385.5
Financial income(8)26.4104.3
Financial expenses (1(9)-315.9-177.0
Profit before tax261.231.8
Tax expense (2 (3(10)-52.8-129.1
Profit for the period208.4183.7
Attributable to:
Equity holders of the parent208.4183.7
Non-controlling interest0.00.1
Earnings per share (EPS) for the profit attributable to the equity holders of the parent:
Basic, euros1.561.39
Diluted, euros1.561.39
Result for the period208.4183.7
Other comprehensive income, items that may be reclassified subsequently to profit and loss, net of tax
Gains/Losses from hedge of net investment in foreign operations(10)0.0-1.9
Cash flow hedges(10)1.90.8
Translation differences on foreign operations (4-202.1-65.6
Total other comprehensive income for the period, net of tax-204.0-66.7
Total comprehensive income for the period4.4117.0
Total comprehensive income attributable to:
Equity holders of the parent4.4117.1
Non-controlling interest0.00.1

1) Financial expenses in 2014 contain EUR 1.6 million expensed punitive interest for tax reassessment decisions on years 2008-2012 and in 2013 EUR 20.2 million on years 2007–2010.

2) Tax expense in 2014 contains EUR 9.4 million expensed additional taxes with punitive tax increases for tax reassessment decisions on years 2008–2012 and in 2013 EUR 80.1 million on years 2007–2010.

3) Otherwise tax expense in the consolidated income statement is based on the taxable result for the period

4) Since the beginning of this year the Group has internal loans that are recognised as net investments in foreign operations in accordance with IAS 21 “The Effects of Changes in Foreign Exchange Rates”. The impact on year 2014 is EUR -10.0 million.