Page 62 - Annual_Report_2016
P. 62
Financial Statements aia.gr
Income statement for the year ended 31 December 2016
Operating revenues Note 2016 2015
Other revenues
Total operating revenues 5.1 347,499,533 326,701,628
5.1 57,054,445 44,604,817
404,553,978 371,306,444
Operating expenses 41,759,712 40,621,616
Personnel expenses 49,503,143 50,702,161
Outsourcing expenses 4,658,623
Public relations & marketing expenses 8,554,580 4,160,166
Utility expenses 8,011,871
Insurance premiums 1,829,272 2,132,964
Net provisions and impairment losses 7,922,678 (1,632,571)
Grant of rights fee - variable fee component 7,599,458
Other operating expenses 12,926,779 0
Total operating expenses 5.2 134,754,245 6,585,663
110,581,869
EBITDA 269,799,733 260,724,575
Depreciation & amortisation charges 5.3 74,209,512 74,401,800
Operating profit 195,590,221 186,322,775
Financial income 5.4 (430,680) (663,806)
Financial costs 5.4 34,632,429 39,250,997
Net financial expenses 5.4 34,201,749
Subsidies received for borrowing costs 5.4 (27,672,394) 38,587,191
(32,108,265)
Profit before tax 189,060,866 179,843,849
Income tax expense 5.6 (56,669,454) (59,184,104)
Profit after tax 120,659,745
132,391,412
Basic earnings per share 5.7 4.41 4.02
The notes on pages 20 to 57 are an integral part of these financial statements.
Financial Statements as at 31 December 2016 (Amounts in Euros unless otherwise stated)
15 of 57
Income statement for the year ended 31 December 2016
Operating revenues Note 2016 2015
Other revenues
Total operating revenues 5.1 347,499,533 326,701,628
5.1 57,054,445 44,604,817
404,553,978 371,306,444
Operating expenses 41,759,712 40,621,616
Personnel expenses 49,503,143 50,702,161
Outsourcing expenses 4,658,623
Public relations & marketing expenses 8,554,580 4,160,166
Utility expenses 8,011,871
Insurance premiums 1,829,272 2,132,964
Net provisions and impairment losses 7,922,678 (1,632,571)
Grant of rights fee - variable fee component 7,599,458
Other operating expenses 12,926,779 0
Total operating expenses 5.2 134,754,245 6,585,663
110,581,869
EBITDA 269,799,733 260,724,575
Depreciation & amortisation charges 5.3 74,209,512 74,401,800
Operating profit 195,590,221 186,322,775
Financial income 5.4 (430,680) (663,806)
Financial costs 5.4 34,632,429 39,250,997
Net financial expenses 5.4 34,201,749
Subsidies received for borrowing costs 5.4 (27,672,394) 38,587,191
(32,108,265)
Profit before tax 189,060,866 179,843,849
Income tax expense 5.6 (56,669,454) (59,184,104)
Profit after tax 120,659,745
132,391,412
Basic earnings per share 5.7 4.41 4.02
The notes on pages 20 to 57 are an integral part of these financial statements.
Financial Statements as at 31 December 2016 (Amounts in Euros unless otherwise stated)
15 of 57
