The first two lines of Unilever Group’s 2017 consolidated income statement (using IFRS) report the following amounts (in millions of euros):

Required:
A. On the income statement, the first two lines in Unilever’s income statement are turnover and operating profit. What does the term turnover mean? Which costs are typically reported between turnover and operating profit?
B. How useful is Unilever’s income statement presentation considering that this information about expenses is disclosed in footnote 3 rather than being reported on the face of the income statement?

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Continuing Operations Turnover Operating profit Income Statement Footnotes In footnote 3, the following is disclosed: Turnover Cost of sales Gross profit Selling and administration expenses Operating profit 2017 53,715 8,857 53,715 30,547 23,168 14,311 8,857 2016 52,713 7,801 52,713 30,229 22,484 14,683 7,801