INCOME STATEMENT

(in thousands of euro)

 

Notes

 

2010

 

2009

SALES REVENUES

(12)

4.805.467

4.266.865

   of which from related parties (*)

(12)

150.680

60.674

CHANGE IN INVENTORIES

2.886

(14.150)

COSTS FOR THE PURCHASE OF GOODS

(13.a)

(2.911.272)

(2.554.020)

   of which from related parties (*)

(13.a)

(282.385)

(258.162)

COSTS FOR SERVICES

(13.b)

(783.580)

(744.104)

   of which from related parties (*)

(13.b)

(1.244)

(1.531)

PERSONNEL COSTS

(13.c)

(681.680)

(664.835)

OTHER OPERATING INCOME

(13.d)

104.987

104.317

   of which from related parties (*)

(13.d)

1.622

1.295

OTHER OPERATING COSTS

(13.e)

(174.268)

(139.110)

   of which with related parties (*)

(13.e)

(3)

..

ADJUSTMENTS TO THE VALUE OF INVESTMENTS

CONSOLIDATED AT EQUITY

(7.d)

37.517

39.679

AMORTIZATION, DEPRECIATION & WRITEDOWNS

 

 

(184.252)

 

(146.651)

INCOME BEFORE FINANCIAL ITEMS

AND TAXES    ( E B I T )

 

 

215.805

 

147.991

FINANCIAL INCOME

(14.a)

54.118

53.823

   of which from related parties (*)

(14.a)

10.225

10.426

FINANCIAL EXPENSE

(14.b)

(165.021)

(157.896)

   of which with related parties (*)

(14.b)

(10.200)

(10.201)

DIVIDENDS

108

587

   of which from related parties (*)

16

GAINS FROM TRADING SECURITIES

(14.c)

42.170

151.518

LOSSES FROM TRADING SECURITIES

(14.d)

(5.271)

(6.936)

ADJUSTMENTS TO THE VALUE OF FINANCIAL ASSETS

(14.e)

 

(5.937)

 

(4.008)

INCOME BEFORE TAXES

 

 

135.972

 

185.079

INCOME TAXES

(15)

 

(12.586)

 

4.334

RESULT BEFORE TAXES FROM

OPERATING ACTIVITY

 

 

123.386

 

189.413

INCOME/(LOSS) FROM ASSETS HELD FOR DISPOSAL

 

 

 --

 

 --

NET INCOME FOR THE YEAR INCLUDING MINORITY INTERESTS

 

123.386

 

189.413

   - NET INCOME MINORITY SHAREHOLDERS

(66.536)

(45.981)

   - NET INCOME OF THE GROUP

 

 

56.850

 

143.432

BASIC EARNINGS PER SHARE (in euro)

(16)

0,0759

0,1917

DILUTED EARNINGS PER SHARE (in euro)

(16)

 

0,0758

 

0,1917

(*)    As per Consob Resolution no. 6064293 of July 28 2006