Income Statement

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INCOME STATEMENT - TERNA GROUP
In euros Note 2010 2009
A. Revenue      
1. Revenue from sales and services >1 1,459,126,551 1,282,690,152
of which: related parties   1,420,000,250 1,303,984,808
2. Other revenue and income >2 45,943,205 42,014,718
of which: related parties   4,073,007 2,362,640
Total revenue   1,505,069,756 1,324,704,870
B. Operating expenses      
1. Raw materials and consumables >3 36,666,582 19,921,629
of which: related parties   80,650 127,032
2. Services >4 166,471,383 147,996,859
of which: related parties   7,479,433 7,944,583
3. Personnel expense >5 214,836,298 186,228,445
- personnel expense, gross   276,400,504 244,066,884
- personnel expense, capitalised   -61,564,206 -57,838,439
of which: related parties   3,554,549 3,352,2155
4. Amortisation, depreciation and impairment losses >6 318,768,336 296,288,921
5 Other operating expenses >7 17,808,652 19,902,206
of which: related parties   246,904 626,025
Total operating expenses   754,551,251 670,338,060
A-B Operating profit   750,518,505 654,366,810
C. Net financial expense      
1. Financial income >8 29,180,259 31,420,051
of which: related parties   17,960,646 5,333,666
2. Financial expense >8 -116,919,577 -180,531,811
of which: related parties   1,353,972 1,318,345
D. Pre-tax profit   662,779,187 505,255,050
E. Income taxes >9 230,524,539 179,443,183
F. Profit from continuing operations   432,254,648 325,811,867
G. Profit from discontinued operations and assets held for sale >10 1,433,700 464,231,668
H. Profit for the year   433,688,348 790,043,535

 

STATEMENT OF COMPREHENSIVE INCOME - TERNA GROUP
In euros Note 2010 2009
Profit for the year   433,688,348 790,043,535
Other comprehensive income
- Cash flow hedges net of tax effect
>21 25,917,385 -11,938,311
Comprehensive income of the year   459,605,733 778,105,224