Danone // 2020 Universal Registration Document

4 119 DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 4.2 Financial statements of Danone SA, the parent company FINANCIAL STATEMENTS OF DANONE SA 4.2 FINANCIAL STATEMENTS OF DANONE SA, THE PARENT COMPANY FINANCIAL STATEMENTS OF DANONE SA Income statement Year ended December 31 (in € millions) Notes 2019 2020 Sales 593 622 Other income 54 52 Total operating income 3 647 674 Personnel costs 4 (295) (260) Other operating expense 5 (515) (544) Total operating expense (810) (804) Net operating expense (163) (130) Income from equity interests 346 2,070 Interest on loans and receivables and similar income 234 205 Interest on borrowings and similar expense (287) (255) Other financial income (expense) 272 3 Net financial income 6 565 2,022 Net income before non-recurring items and tax 402 1,892 Net non-recurring income (expense) 7 (10) (34) Income tax 8 79 73 Net income for the year 471 1,931