Investor Presentaiton
TMK
Income Statement
(US$ mln)
Revenue
Cost of sales
Gross Profit
2017
2016
2015
2014
2013
4,394
3,338
4,127
6,009
6,432
(3,521)
(2,634)
(3,282)
(4,839)
(5,074)
872
704
845
1,169
1,358
Selling and Distribution Expenses
(261)
(220)
(260)
(350)
(379)
General and Administrative Expenses
(231)
(196)
(207)
(278)
(317)
Adverstising and Promotion Expenses
(7)
(6)
(8)
(14)
(12)
Research and Development Expenses
(11)
(11)
(13)
(15)
(13)
Other Operating Expenses, Net
(34)
(4)
(35)
(35)
(34)
Foreign Exchange Gain / (Loss)
28
130
(141)
(301)
(49)
Finance Costs, Net
(268)
(263)
(269)
(226)
(245)
Other
(10)
35
(354)
(150)
5
Income (Loss) before Tax
78
169
(443)
(201)
312
Income Tax (Expense) / Benefit
(48)
(4)
75
(15)
(98)
Net Income (Loss)
30
165
(368)
(217)
215
Source: TMK Consolidated Financial Statements for 2017, 2016, 2015 and 2014
Note:
Certain monetary amounts, percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums.
(a) Calculated as Finance income less Finance costs
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