Consolidated statement of income

NOK million, except share information	Notes	2009	2008

Revenue	4	60,867	87,926
Other income	2,11	401	677
Commodity based derivatives gain/(loss)	1,26,27	151	173
Revenue and other income	4	61,418	88,775

Raw materials, energy cost and freight expenses	29	(47,366)	(70,636)
Change in inventories of own production		(3,710)	3,682
Payroll and related cost	5,6,21	(4,602)	(4,830)
Depreciation and amortization	4,9,11	(2,425)	(2,095)
Other operating expenses	5,30,31,32	(2,044)	(2,615)
Operating costs and expenses	4	(60,147)	(76,494)

Operating income	4	1,271	12,281

Share of net income in equity accounted investees	4,12	1,412	2,760
Interest income and other financial income	7,26,27	376	676
Earnings before interest expense and tax (EBIT)	4	3,058	15,717

Foreign exchange gain/(loss)	7,26,27	1,364	(3,313)
Interest expense and other financial items	7,21,26,27	(945)	(1,500)
Income before tax		3,477	10,905

Income tax expense	8	337	(2,664)
Net income		3,814	8,241

Attributable to
Equity holders of the parent		3,782	8,228
Non-controlling interest	19	32	13
Net income		3,814	8,241

Earnings per share 1)	20	13.08	28.27
Weighted average number of shares outstanding 2)	19,20	289,167,113	291,075,663

1) Yara currently has no share-based compensation that results in a dilutive effect on earnings per share.
2) Weighted average number of shares outstanding was reduced in third and fourth quarter 2008, and second and fourth quarter 2009, due to share buy-back program.