4.2.1Consolidated Income Statement

in millions of US$

Notes

2024

2023

Revenue from contracts with customers

4,127

4,452

Interest revenue from finance lease calculated using the effective interest method

657

510

Total revenue

4.3.2/4.3.3

4,784

4,963

Cost of sales

4.3.5

(3,652)

(3,543)

Gross margin

1,132

1,420

Other operating income/(expense)

4.3.4/4.3.5

29

(11)

Selling and marketing expenses

4.3.5

(23)

(22)

General and administrative expenses

4.3.5

(162)

(183)

Research and development expenses

4.3.5/4.3.7

(40)

(37)

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

4.3.8

(6)

(21)

Operating profit/(loss) (EBIT)

928

1,145

Financial income

4.3.9

26

25

Financial expenses

4.3.9

(690)

(601)

Net financing costs

(663)

(575)

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

4.3.29

19

19

Profit/(loss) before income tax

283

589

Income tax expense

4.3.10

(73)

25

Profit/(loss)

211

614

Attributable to shareholders of the parent company

150

491

Attributable to non-controlling interests

4.3.31

61

123

Profit/(loss)

211

614

Earnings/(loss) per share

Notes

2024

2023

Weighted average number of shares outstanding

4.3.11

178,649,722

179,235,116

Basic earnings/(loss) per share in US$

4.3.11

0.84

2.74

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

4.3.11

0.83

2.70