Page 50 - 2board23full
P. 50
FINANCIAL STATEMENTS
CHAPTER 2
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2009
Note 2009 2008
Operating revenues 4.1 349.789.647 344.451.041
107.704.066 20.200.413
Other revenues 4.1 457.493.713
364.651.454
Total operating revenues 47.223.026
65.200.355 40.549.575
Operating expenses 60.614.244
3.086.080
Personnel expenses 4.2 10.544.626 3.921.685
11.279.033
Outsourcing expenses 4.2 3.414.411
4.242.119 3.638.083
Public relations & marketing expenses 4.2 7.834.431 26.518.030
141.545.047
Utility expenses 4.2 2.267.172
315.948.666 148.787.822
Insurance premiums 4.2 72.927.549
215.863.632
Impairment losses 4.2 243.021.118 72.243.167
Other operating expenses 4.2 32.038.077 143.620.465
(53.540.082)
Total operating expenses 50.192.276
264.523.122 (56.008.859)
EBITDA (82.782.970)
181.740.152 149.437.048
Depreciation & amortisation charges 4.3 (32.129.720)
6.06 117.307.328
Operating profit
3.91
Net financial expenses 4.4
Subsidies received for borrowing costs 4.5
Profit before tax
Income tax expense 4.6
Profit after tax
Basic earnings per share 4.7
The notes on pages 18 to 67 are an integral part of these financial statements. PAGE 13 OF 69
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated)
CHAPTER 2
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2009
Note 2009 2008
Operating revenues 4.1 349.789.647 344.451.041
107.704.066 20.200.413
Other revenues 4.1 457.493.713
364.651.454
Total operating revenues 47.223.026
65.200.355 40.549.575
Operating expenses 60.614.244
3.086.080
Personnel expenses 4.2 10.544.626 3.921.685
11.279.033
Outsourcing expenses 4.2 3.414.411
4.242.119 3.638.083
Public relations & marketing expenses 4.2 7.834.431 26.518.030
141.545.047
Utility expenses 4.2 2.267.172
315.948.666 148.787.822
Insurance premiums 4.2 72.927.549
215.863.632
Impairment losses 4.2 243.021.118 72.243.167
Other operating expenses 4.2 32.038.077 143.620.465
(53.540.082)
Total operating expenses 50.192.276
264.523.122 (56.008.859)
EBITDA (82.782.970)
181.740.152 149.437.048
Depreciation & amortisation charges 4.3 (32.129.720)
6.06 117.307.328
Operating profit
3.91
Net financial expenses 4.4
Subsidies received for borrowing costs 4.5
Profit before tax
Income tax expense 4.6
Profit after tax
Basic earnings per share 4.7
The notes on pages 18 to 67 are an integral part of these financial statements. PAGE 13 OF 69
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated)
