Page 49 - 2board23full
P. 49
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2012
Note 2012 2011
Operating revenues 5.1 282,096,280 313,766,136
13,408,588 19,020,500
Other revenues 5.1
295,504,868 332,786,636
Total operating revenues
40,123,436 41,603,704
Operating expenses 54,885,783 59,068,626
Personnel expenses 2,815,161 3,248,032
10,631,219 10,837,265
Outsourcing expenses
2,943,606 3,277,106
Public relations & marketing expenses 728,193 4,346,61
Utility expenses 8,508,334 7,947,594
120,635,733 130,328,939
Insurance premiums
174,869,135 202,457,697
Provision and impairment losses 5.13, 5.22 72,611,536 72,503,592
Other operating expenses 102,257,599 129,954,105
Total operating expenses 47,974,287 47,094,190
(43,325,943) (46,668,204)
EBITDA
97,609,255 129,528,119
Depreciation & amortisation charges 5.2 (20,820,598) (25,546,633)
76,788,657
Operating profit 103,981,486
2,56
Net financial expenses 5.3 3,47
Subsidies received for borrowing costs 5.4
Profit before tax
Income tax expense 5.5
Profit after tax
Basic earnings per share 5.6
The notes on pages 19 to 52 are an integral part of these financial statements.
Financial Statements as at 31 December 2012 (Amounts in Euros unless otherwise stated) Page 14 of 54
Note 2012 2011
Operating revenues 5.1 282,096,280 313,766,136
13,408,588 19,020,500
Other revenues 5.1
295,504,868 332,786,636
Total operating revenues
40,123,436 41,603,704
Operating expenses 54,885,783 59,068,626
Personnel expenses 2,815,161 3,248,032
10,631,219 10,837,265
Outsourcing expenses
2,943,606 3,277,106
Public relations & marketing expenses 728,193 4,346,61
Utility expenses 8,508,334 7,947,594
120,635,733 130,328,939
Insurance premiums
174,869,135 202,457,697
Provision and impairment losses 5.13, 5.22 72,611,536 72,503,592
Other operating expenses 102,257,599 129,954,105
Total operating expenses 47,974,287 47,094,190
(43,325,943) (46,668,204)
EBITDA
97,609,255 129,528,119
Depreciation & amortisation charges 5.2 (20,820,598) (25,546,633)
76,788,657
Operating profit 103,981,486
2,56
Net financial expenses 5.3 3,47
Subsidies received for borrowing costs 5.4
Profit before tax
Income tax expense 5.5
Profit after tax
Basic earnings per share 5.6
The notes on pages 19 to 52 are an integral part of these financial statements.
Financial Statements as at 31 December 2012 (Amounts in Euros unless otherwise stated) Page 14 of 54
