REC Silicon Annual Report 2019

REC Silicon Annual Report 2019 30 CONSOLIDATEDSTATEMENTOF INCOME REC SILICON GROUP (USD INMILLION) NOTES 2019 2018 Revenues 5 160.2 221.2 Cost of materials -25.6 -57.3 Changes in inventories -20.7 1.5 Employee benefit expenses 16, 24, 32 -44.9 -59.7 Other operating expenses 22 -79.9 -110.1 Other income and expenses 23 -2.0 -0.5 EBITDA 1) -12.9 -4.9 Depreciation 6 -42.0 -61.1 Amortization 6 -0.3 -0.5 Depreciation of right of use assets 7 -7.1 0.0 Impairment 6, 7, 8 -20.4 -340.5 Total depreciation, amortization and impairment -69.8 -402.2 EBIT 2) -82.6 -407.1 Profit/loss from investments in associates 9 -24.2 73.0 Financial income 25 0.7 0.9 Net financial expenses 25 -19.6 -18.0 Net currency gains/losses 25 -1.2 3.1 Net financial items -20.2 -14.0 Profit/loss before tax -127.0 -348.0 Income tax expense/benefit 18 0.0 6.5 Profit/loss -127.0 -341.6 Attributable to: Owners of REC Silicon ASA -127.0 -341.6 Earnings per share (In USD) -basic 26 -0.47 -1.34 -diluted 26 -0.47 -1.34 1) EBITDA - EBIT excluding depreciation, amortization and impairment. 2) EBIT - Profit/loss from total operations excluding income tax expenses/benefit, net financial items, and share of profit/loss from investments in associates.