5.4.2Company Income Statement

Company income statement

For the years ended 31 December

Note

2016

20151

Revenue

5.5.7

4

2

Gross margin

4

2

General and administrative expenses

5.5.8

(27)

(31)

Operating profit/(loss) (EBIT)

(22)

(29)

Financial income

-

2

Financial expenses

5.5.9

(1)

-

Net financing costs

(1)

2

Result of Group companies

5.5.1

204

54

Profit/(Loss) before tax

180

27

Income tax expense

5.5.10

2

2

Profit/(Loss)

182

29

  • 1 The 2015 Company income statement is restated for comparison purposes. Pursuant to the change in Section 387 of Book 2 of the Netherlands Civil Code, SBM Offshore N.V. no longer uses the exemption to present the income statement in condensed form following Section 402 of Book 2 of the Netherlands Civil Code.