1.1 Consolidated income statement

Half-Year Report 2020

in CHF thousand	Jan–Jun 20	Jan–Jun 19
Net revenues from sales to customers	104,069	115,246
Other operating income	593	1,443
Changes in inventories of semi-finished and finished products, capitalised costs	16	–2,606
Total operating income	104,678	114,083

Cost of materials	–40,201	–41,348
External production costs	–7,306	–7,687
Personnel expenditure	–27,113	–33,289
Other operating expenses	–18,336	–17,960
Depreciation and impairment on tangible assets	–4,550	–5,281
Depreciation and impairment on intangible assets	–449	–413
Earnings before interest and taxes (EBIT)	6,723	8,105

Financial income	721	209
Financial expenses	–911	–1,222
Financial result	–190	–1,013
Earnings before income taxes (EBT)	6,533	7,092

Income tax expenses	1,484	–1,695
Net income for the period	8,017	5,397
Attributable to the shareholders of Orell Füssli Ltd	8,331	5,283
Attributable to minority interests	–314	114

in CHF		Jan–Jun 20		Jan–Jun 19
Earnings per share		4.25		2.70
Diluted earnings per share		4.25		2.70

The disclosures form an integral part of the financial report.