Consolidated income statement

                                                    Notes *Business performance US$m Exceptional items and certain re-measurements US$m Total 2016 US$ *Business performance US$m Exceptional items and certain re-measurements US$m Total 2015 US$m
Revenue 4a 7,873 - 7,873 6,844 - 6,844
Cost of sales 4b (7,134) - (7,134) (6,429) - (6,429)
Gross profit   739 - 739 415 - 415
Selling, general and administration expenses 4c (244) - (244) (328) - (328)
Exceptional items and certain re-measurements 5 - (322) (322) - (354) (354)
Other operating income 4f 27 - 27 24 - 24
Other operating expenses 4g (14) - (14) (9) - (9)
Profit/(loss) from operations before tax and finance (costs)/income   508 (322) 186 102 (354) (252)
Finance costs (101) - (101) (101) - (101)
Finance income 3 - 3 9 - 9
Share of profits/(losses) of associates/joint ventures 15 8 4 12 10 (1) 9
Profit/(loss) before tax   418 (318) 100 20 (355) (335)
Income tax expense 7a (85) (1) (86) (6) (3) (9)
Profit/(loss) for the year   333 (319) 14 14 (358) (344)
Attributable to:              
- Petrofac Limited shareholders   320 (319) 1 9 (358) (349)
- Non-controlling interests  11 13 - 13 5 - 5
    333 (319) 14 14 (358) (344)
Earnings/(loss) per share (US cents) on profit attributable to Petrofac Limited shareholders              
- Basic 94.12 (93.83) 0.29 2.65 (105.30) (102.65)
- Diluted 93.29 (93.00) 0.29 2.65 (105.30) (102.65)

 

*This measurement is shown by Petrofac as it is used as a means of measuring the underlying performance of the business, see note 2.

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