Page 26 - Annual Report 2015 EN
P. 26
4 Financial Performance
2015 vs. 2014 Operating Expenses Million € 2015 2014
Outsourced 50.7
Services 48.4
Salaries & Other 40.6
Employee Related 41.4
Expenses
Other Operating 19.3
Expenses 21.7
0 10 20 30 40 50 60
Pro tability
AIA’s EBITDA, inclusive of AIA’s of 42.0% or €53.2 million compared performance indicators reveal not only
share from ADF, reached €292.8 to previous year. Corporate taxation a substantial profitability increase,
million compared to €240.1 million for 2015 Profits reached €59.2 million, but also improved cost leverage,
in 2014, higher by €52.7 million. higher than previous year, not only productivity, and value creation.
Depreciation charges were higher by proportional to higher profits but with
€2.7 million compared to previous the additional impact on deferred tax Taking into consideration the 2015
year, mainly attributed to the Airport’s due to change in tax rates from 26% to financial results after tax, the Transfer
Homebase facilities handover from 29%. Profit after Tax for 2015 reached to the Statutory and Other Reserves
Athenian Engineering to the Company. the level of €120.7 million. of €6.0 million and the previous year’s
Financial expenses were lower by €3.2 remaining retained earnings of €0.1
million due to the benefit from the Within a year full of challenges and million, there remains a distributable
reduced balance of bank loans. Profit developments in the macroeconomic profit of €114.7 million. The Board of
before Tax was recorded at €179.8 and business environment, the Airport Directors proposes a dividend for 2015
million reflecting a significant increase Company presented outstanding of €3.82 per share for a total dividend
financial performance. The key payment of €114.6 million.
Highlights of the 2015-2014 Pro t & Loss Statement
Financial Results Million € 2015 2014
Operating Revenues & ADF 300 403.4
Operating Expenses 351.7
EBITDA including ADF 110.6
Amortization & Depreciation 111.5
Financial Expenses 292.8
Pro t (Loss) before Tax 240.1
Total Corporate Taxation
74.4
Pro t after Tax 71.7
0 100 200 38.6
41.8
Table above presents a summary view of the 2015 & 2014 Pro t & Loss Statement. 179.8
126.7
59.2
34.9
120.7
91.8
400
26 | aia.gr
2015 vs. 2014 Operating Expenses Million € 2015 2014
Outsourced 50.7
Services 48.4
Salaries & Other 40.6
Employee Related 41.4
Expenses
Other Operating 19.3
Expenses 21.7
0 10 20 30 40 50 60
Pro tability
AIA’s EBITDA, inclusive of AIA’s of 42.0% or €53.2 million compared performance indicators reveal not only
share from ADF, reached €292.8 to previous year. Corporate taxation a substantial profitability increase,
million compared to €240.1 million for 2015 Profits reached €59.2 million, but also improved cost leverage,
in 2014, higher by €52.7 million. higher than previous year, not only productivity, and value creation.
Depreciation charges were higher by proportional to higher profits but with
€2.7 million compared to previous the additional impact on deferred tax Taking into consideration the 2015
year, mainly attributed to the Airport’s due to change in tax rates from 26% to financial results after tax, the Transfer
Homebase facilities handover from 29%. Profit after Tax for 2015 reached to the Statutory and Other Reserves
Athenian Engineering to the Company. the level of €120.7 million. of €6.0 million and the previous year’s
Financial expenses were lower by €3.2 remaining retained earnings of €0.1
million due to the benefit from the Within a year full of challenges and million, there remains a distributable
reduced balance of bank loans. Profit developments in the macroeconomic profit of €114.7 million. The Board of
before Tax was recorded at €179.8 and business environment, the Airport Directors proposes a dividend for 2015
million reflecting a significant increase Company presented outstanding of €3.82 per share for a total dividend
financial performance. The key payment of €114.6 million.
Highlights of the 2015-2014 Pro t & Loss Statement
Financial Results Million € 2015 2014
Operating Revenues & ADF 300 403.4
Operating Expenses 351.7
EBITDA including ADF 110.6
Amortization & Depreciation 111.5
Financial Expenses 292.8
Pro t (Loss) before Tax 240.1
Total Corporate Taxation
74.4
Pro t after Tax 71.7
0 100 200 38.6
41.8
Table above presents a summary view of the 2015 & 2014 Pro t & Loss Statement. 179.8
126.7
59.2
34.9
120.7
91.8
400
26 | aia.gr
