Exercise 4-18 Preparing an income statement under IFRS LO P4

L'Oral reports the following income statement accounts for the year ended December 31, 2014 (euros in millions).

Net profit		5,099.6		Income tax expense		1,154.0
Finance costs		32.4		Profit before tax expense		6,253.6
Net sales		23,157.0		Research and development expense		787.1
Gross profit		16,405.3		Selling, general and administrative expense		4,893.6
Other income		2,143.0		Advertising and promotion expense		6,624.9
Cost of sales		6,751.7		Finance income		43.3

Prepare the income statement for this company for the year ended December 31, 2014, following usual IFRS practices. (Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.)

Exercise 4-18 Preparing an income statement under IFRS LO P4

L'Oral reports the following income statement accounts for the year ended December 31, 2014 (euros in millions).

Net profit		5,099.6		Income tax expense		1,154.0
Finance costs		32.4		Profit before tax expense		6,253.6
Net sales		23,157.0		Research and development expense		787.1
Gross profit		16,405.3		Selling, general and administrative expense		4,893.6
Other income		2,143.0		Advertising and promotion expense		6,624.9
Cost of sales		6,751.7		Finance income		43.3

Prepare the income statement for this company for the year ended December 31, 2014, following usual IFRS practices. (Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.)