BASF Report 2021 Consoli dated Financial Statements – Statement of Income 194 Statement of Income BASF Group Statement of income Million € Explanations in Note 2021 2020 Sales revenue [7] 78,598 59,149 Cost of sales [8] −58,801 −44,040 Gross profit on sales 19,797 15,109 Selling expenses [8] −8,414 −7,497 General administrative expenses [8] −1,408 −1,228 Research and development expenses [8] −2,216 −2,086 Other operating income [9] 1,894 1,399 Other operating expenses [9] −2,650 −6,108 Income from integral companies accounted for using the equity method [10] 675 220 Income from operations [5] 7,677 −191 Income from non-integral companies accounted for using the equity method [10] 285 −925 Income from other shareholdings [10] 47 157 Expenses from other shareholdings [10] −125 −141 Net income from shareholdings 207 −909 Interest income 168 164 Interest expenses −482 −537 Interest result −314 −373 Other financial income 94 118 Other financial expenses −215 −207 Other financial result −122 −89 Financial result [11] −436 −462 Income before income taxes 7,448 −1,562 Income taxes [12] −1,430 91 Income after taxes from continuing operations 6,018 −1,471 Income after taxes from discontinued operations [3] −36 396 Income after taxes 5,982 −1,075 of which attributable to shareholders of BASF SE (net income) 5,523 −1,060 of which attributable to noncontrolling interests [13] 459 −15 Earnings per share from continuing operations (€) [6] 6.05 –1.58 Earnings per share from discontinued operations (€) [6] –0.04 0.43 Earnings per share (€) [6] 6.01 –1.15 Dilution effect (€) [6] –0.01 − Diluted earnings per share (€) [6] 6.00 –1.15