4.2.1Consolidated Income Statement

in millions of US$

Notes

2023

2022

Revenue from contracts with customers

4,452

4,383

Interest revenue from finance lease calculated using the effective interest method

510

530

Total revenue

4.3.2/4.3.3

4,963

4,913

Cost of sales

4.3.5

(3,543)

(3,731)

Gross margin

1,420

1,182

Other operating income/(expense)

4.3.4/4.3.5

(11)

28

Selling and marketing expenses

4.3.5

(22)

(16)

General and administrative expenses

4.3.5

(183)

(154)

Research and development expenses

4.3.5/4.3.7

(37)

(35)

Net impairment gains/(losses) on financial and contract assets

4.3.5/4.3.8

(21)

15

Operating profit/(loss) (EBIT)

1,145

1,020

Financial income

4.3.9

25

12

Financial expenses

4.3.9

(601)

(385)

Net financing costs

(575)

(373)

Share of profit/(loss) of equity-accounted investees

4.3.29

19

12

Profit/(loss) before income tax

589

660

Income tax expense

4.3.10

25

(104)

Profit/(loss)

614

555

Attributable to shareholders of the parent company

491

450

Attributable to non-controlling interests

4.3.30

123

105

Profit/(loss)

614

555

Earnings/(loss) per share

Notes

2023

2022

Weighted average number of shares outstanding

4.3.11

179,235,116

177,906,466

Basic earnings/(loss) per share in US$

4.3.11

2.74

2.53

Fully diluted earnings/(loss) per share in US$

4.3.11

2.70

2.50