Consolidated Statement of Income
MEUR		Note		2011	%	2010	%
Net sales		1,	3	4 209	100.0	4 553	100.0
Change in inventories of finished goods & work in progress				39		-164
Work performed by the Group and capitalised				1		2
Other operating income			4	47		52
Material and services			5	-2 285		-2 372
Employee benefit expenses			6	-956		-948
Depreciation, amortisation and impairment			7	-113		-116
Other operating expenses				-506		-601
Share of result of associates and joint ventures			14	8		5
Operating result				445	10.6	412	9.1
Dividend income			8	3		7
Interest income			8	13		6
Other financial income			8	10		12
Interest expenses			8	-18		-18
Other financial expenses			8	-23		-20
Net income from financial assets available-for-sale			15			149
Profit before taxes				429		548
Income taxes			9	-136		-151
Profit for the financial period				293	7.0	397	8.7
Attributable to:
Equity holders of the parent company			10	283		386
Non-controlling interests				10		11
				293		397
Earnings per share attributable to equity holders of the parent company:
Earnings per share (basic and diluted), EUR*				1.44		1.96
Statement of Comprehensive Income			11
Profit for the financial period				293		397
Other comprehensive income after tax:
Exchange rate differences on translating foreign operations				-4		17
Financial assets available-for-sale
	Fair valuation			16		30
	Transferred to the statement of income					-110
Cash flow hedges				-23		-9
Other income/expenses						1
Other comprehensive income				-12		-71
Total comprehensive income for the period				281		326
Total comprehensive income attributable to:
Equity holders of the parent company				270		313
Non-controlling interests				11		13
				281		326
* Free share issue approved by Wärtsilä Corporation's Annual General Meeting on 3 March 2011 increased the total number of Wärtsilä shares to 197,241,130. The figures in the comparison periods have been adjusted to reflect the increased number of shares.
The notes are an integral part of these consolidated financial statements.