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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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POSCO, Consolidated Income Statement
USD $ in millions, translated from KRW ₩

| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | |
|---|---|---|---|
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Revenue | ![]() |
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Cost of sales | ![]() |
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Gross profit | ![]() |
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Administrative expenses | ![]() |
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Selling expenses | ![]() |
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Selling and administrative expenses | ![]() |
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Gain on disposal of property, plant and equipment | ![]() |
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Gain on disposal of investment of equity-accounted investees | ![]() |
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Reversal of allowance for doubtful accounts | ![]() |
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Outsourcing income | ![]() |
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Gain on disposal of wastes | ![]() |
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Gain from claim compensation | ![]() |
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Penalty income from early termination of contracts | ![]() |
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Others | ![]() |
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Other operating income | ![]() |
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Loss on disposal of property, plant and equipment | ![]() |
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Loss on disposal of investment property | ![]() |
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Cost of idle assets | ![]() |
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Other bad debt expenses | ![]() |
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Contributions | ![]() |
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Loss on disposal of wastes | ![]() |
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Impairment loss of property, plant and equipment and others | ![]() |
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Others | ![]() |
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Other operating expenses | ![]() |
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Operating profit | ![]() |
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Share of profit of equity-accounted investees | ![]() |
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Interest income | ![]() |
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Dividend income | ![]() |
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Gain on foreign currency transaction | ![]() |
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Gain on foreign currency translation | ![]() |
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Gain on derivatives transactions | ![]() |
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Gain on valuation of derivatives | ![]() |
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Gain on disposal of available-for-sale financial assets | ![]() |
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Others | ![]() |
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Finance income | ![]() |
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Interest expenses | ![]() |
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Loss on foreign currency transaction | ![]() |
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Loss on foreign currency translation | ![]() |
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Loss on derivatives transactions | ![]() |
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Loss on valuation of derivatives | ![]() |
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Impairment of available-for-sale financial assets | ![]() |
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Others | ![]() |
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Finance costs | ![]() |
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Non-operating income and expenses | ![]() |
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Profit before income tax | ![]() |
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Income tax expense | ![]() |
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Profit for the period | ![]() |
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Profit attributable to non-controlling interests | ![]() |
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Profit attributable to owners of the controlling company | ![]() |
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