Summarised group financial results
– income statement
For the year ended 31 December
| US dollar millions | 2019 | (1)2018 | (1)2017 |
|---|---|---|---|
| Continuing operations | |||
| Revenue from product sales | 3,525 | 3,336 | 3,394 |
| Cost of sales | (2,626) | (2,584) | (2,607) |
| Gain (loss) on non-hedge derivatives and other commodity contracts | 5 | (2) | – |
| Gross profit | 904 | 750 | 787 |
| Corporate administration, marketing and other expenses | (82) | (76) | (64) |
| Exploration and evaluation costs | (112) | (98) | (105) |
| Impairment, derecognition of assets and profit / loss on disposal | (6) | (7) | (2) |
| Other expenses | (83) | (79) | (150) |
| Operating profit | 621 | 490 | 466 |
| Interest income | 14 | 8 | 8 |
| Dividends received | – | 2 | – |
| Foreign exchange losses | (12) | (9) | (11) |
| Finance costs and unwinding of obligations | (172) | (168) | (157) |
| Share of associates and joint ventures' profit | 168 | 122 | 22 |
| Profit before taxation | 619 | 445 | 328 |
| Taxation | (250) | (212) | (163) |
| Profit after taxation from continuing operations | 369 | 233 | 165 |
| Discontinued operations | |||
| Loss from discontinued operations | (376) | (83) | (336) |
| (Loss) profit for the year | (7) | 150 | (171) |
| Allocated as follows: | |||
| Equity shareholders | |||
| – Continuing operations | 364 | 216 | 145 |
| – Discontinued operations | (376) | (83) | (336) |
| Non-controlling interests | |||
| – Continuing operations | 5 | 17 | 20 |
| (7) | 150 | (171) |
(1) Years 2018 and 2017 have been restated for IFRS 5.