Notes to the Consolidated Financial Statements CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017 in CHF million Reported Adjustment Adjustment Restated IFRS 15 IFRS 9 Net sales 5,133.0 (20.4) – 5,112.6 Other operating income 114.9 – – 114.9 Total operating income 5,247.9 (20.4) – 5,227.5 Change in inventory 49.6 0.9 – 50.5 Material costs (1,493.0) 8.9 – (1,484.1) Personnel expenses (2,109.9) – – (2,109.9) Depreciation and amortization (173.5) – – (173.5) Losses on trade and other receivables (35.1) – (0.9) (36.0) Other operating expenses (793.9) – – (793.9) Total operating expenses (4,555.8) 9.8 (0.9) (4,546.9) Operating result 692.1 (10.6) (0.9) 680.6 Other income and expenses (net) (9.3) – – (9.3) Finance costs (27.6) – – (27.6) Net income before income tax expense 655.2 (10.6) (0.9) 643.7 Income tax expense (125.6) 2.3 0.2 (123.1) Net income 529.6 (8.3) (0.7) 520.6 Attributable to: Equity holders of the parent 528.0 (8.0) (0.7) 519.3 Non-controlling interests 1.6 (0.3) – 1.3 2018 Financial Report | 22