Reclassified income statement of Terna S.p.A.

The reclassified income statement of Terna S.p.A. for 2010 and 2009 is shown below.

In millions of euros 2010 2009 Change %
Revenue        
Grid transmission fees (1) 1,173.0 1,087.9 85.1 7.8%
Other energy items (1) 169.8 121.0 48.8 40.3%
Other revenue from sales and services (1) 116.3 73.8 42.5 57.6%
Other revenue and income 46.0 42.0 4.0 9.5%
Total revenue 1,505.1 1,324.7 180.4 13.6%
Operating expenses        
Personnel expense 214.8 186.2 28.6 15.4%
Services, leases and rentals 166.5 148.0 18.5 12.5%
Materials 36.7 19.9 16.8 84.4%
Other expenses 17.8 36.8 -19.0 -51.6%
Total operating expenses 435.8 390.9 44.9 11.5%
Gross operating profit (EBITDA) 1,069.3 933.8 135.5 14.5%
Amortisation and depreciation 318.8 279.4 39.4 14.1%
Operating profit (EBIT) 750.5 654.4 96.1 14.7%
Net financial expense (2) -87.7 -149.1 61.4 -41.2%
Pre-Tax profit 662.8 505.3 157.5 31.2%
Income taxes 230.5 179.5 51.0 28.4%
Profit from continuing operations 432.3 325.8 106.5 32.7%
Profit from discontinued operations and assets held for sale 1.4 464.2 -462.8 -99.7%
Profit for the year 433.7 790.0 -356.3 -45.1%
In the income statement:
(1) This amount is included in the “Revenue from sales and services” caption;
(2) Corresponds to the balance of the items described under points 1 and 2 of “C.Net financial expense”.