Page 27 - Annual_Report_2016
P. 27
aia.gr Annual Report 2016
Profitability
AIA’s EBITDA, inclusive of AIA’s share from ADF, profits, mainly because 2015 was affected by an
reached €297.5 million compared to €292.8 million additional impact on deferred tax due to change in
in 2015, higher by €4.6 million. Depreciation tax rates from 26% to 29%. Profit after Tax for 2016
charges were more or less at the same level as in reached the level of €132.4 million.
previous year. Financial expenses were lower by
€4.4 million due to the progressive repayment and Despite continuing pressure in the macroeconomic
the subsequent benefit from the reduced balance of environment and structural changes on the cost
bank loans. Profit before Tax was recorded at €189.1 side (as described above), the Airport Company
million reflecting an increase of 5.1% or €9.2 million continued to present outstanding financial
compared to previous year. Corporate taxation performance, with consistently strong key
for 2016 Profits reached €56.7 million, lower than performance indicators.
previous year by € 2.5 million, despite the higher
Highlights of the 2016 - 2015 Profit & Loss Statement
2016 IFRS 2015 IFRS € MILLION
FINANCIAL RESULTS
OPERATING REVENUES & ADF 432.2
403.4
134.8 OPERATING EXPENSES
110.6 297.5
292.8
EBITDA INCLUDING ADF
74.2 AMORTIZATION & DEPRECIATION
74.4
34.2 FINANCIAL EXPENSES
38.6
PROFIT (LOSS) BEFORE TAX 189.1
179.8
56.7 TOTAL CORPORATE TAXATION
59.2
PROFIT AFTER TAX 132.4
120.7
200 100 0 100 200 300 400
500
Table above presents a summary view of the 2016 & 2015 Profit & Loss Statement.
27
Profitability
AIA’s EBITDA, inclusive of AIA’s share from ADF, profits, mainly because 2015 was affected by an
reached €297.5 million compared to €292.8 million additional impact on deferred tax due to change in
in 2015, higher by €4.6 million. Depreciation tax rates from 26% to 29%. Profit after Tax for 2016
charges were more or less at the same level as in reached the level of €132.4 million.
previous year. Financial expenses were lower by
€4.4 million due to the progressive repayment and Despite continuing pressure in the macroeconomic
the subsequent benefit from the reduced balance of environment and structural changes on the cost
bank loans. Profit before Tax was recorded at €189.1 side (as described above), the Airport Company
million reflecting an increase of 5.1% or €9.2 million continued to present outstanding financial
compared to previous year. Corporate taxation performance, with consistently strong key
for 2016 Profits reached €56.7 million, lower than performance indicators.
previous year by € 2.5 million, despite the higher
Highlights of the 2016 - 2015 Profit & Loss Statement
2016 IFRS 2015 IFRS € MILLION
FINANCIAL RESULTS
OPERATING REVENUES & ADF 432.2
403.4
134.8 OPERATING EXPENSES
110.6 297.5
292.8
EBITDA INCLUDING ADF
74.2 AMORTIZATION & DEPRECIATION
74.4
34.2 FINANCIAL EXPENSES
38.6
PROFIT (LOSS) BEFORE TAX 189.1
179.8
56.7 TOTAL CORPORATE TAXATION
59.2
PROFIT AFTER TAX 132.4
120.7
200 100 0 100 200 300 400
500
Table above presents a summary view of the 2016 & 2015 Profit & Loss Statement.
27
