Annual Financial Statements 1. Income Statement Fiscal year (in millions of €) Note 2023 2022 Revenue 1 19,660 17,390 Cost of sales (13,671) (12,502) Gross profit 5,989 4,888 Research and development expenses (2,084) (1,785) Selling expenses (2,492) (2,228) General administrative expenses (1,209) (1,055) Other operating income 2 338 159 Other operating expenses 2 (391) (464) Income (loss) from operations 151 (485) Income (loss) from investments, net 3 4,734 4,204 Interest income 4 1,014 387 thereof negative interest from financial investment (1) (18) Interest expenses 4 (1,586) 51 thereof positive interest from borrowing 3 341 Other financial income (expenses), net 5 445 (1,044) Income from business activity 4,758 3,115 Income taxes 6 (298) 498 Net income 4,460 3,612 Appropriation of net income 27 Net income 4,460 3,612 Profit carried forward 250 185 Allocation to other retained earnings (950) (185) Unappropriated net income 3,760 3,613 3