ABB Group Results - First Nine Months 1997, Consolidated Income Statement

(US$ in millions)

1/9/97

1/9/96

1996

Revenues (1)

22,459

23,529

33,767

Material expenses

-10,283

-11,121

-15,309

Personnel expenses

-7,110

-7,656

-10,254

Other expenses

-3,528

-3,727

-5,232

Changes in work in progress and

finished goods

630

1,283

255

Depreciation of fixed assets

-728

-775

-1,044

Unusual items (2)

42

14

36

Operating Earnings after Depreciation (1)

1,482

1,547

2,219

Earnings from equity accounted companies

1

4

6

Dividend income

6

9

15

Interest income

234

277

362

Interest expense

-468

-473

-618

Exchange differences

-3

1

23

Income before Taxes

1,252

1,365

2,007

Taxes

-470

-543

-765

Net Income before Minority Interest

782

822

1,242

Minority Interest

-8

-13

-9

Net Income

774

809

1,233