Income statement Terna S.p.A.

In euros
Note
2011
2010
 A. Revenue      
1. Revenue from sales and services 1 1,515,963,890 1,459,126,551
of which: related parties   1,505,504,944 1,420,000,250
2. Other revenue and income 2 37,957,250 45,943,205
of which: related parties   1,138,348 4,073,007
   Total revenue   1,553,921,140 1,505,069,756
 B. Operating expenses      
1. Raw materials and consumables 3 34,095,767 36,666,582
of which: related parties   2,713 80,650
2. Services 4 165,829,664 166,471,383
of which: related parties   4,156,148 7,479,433
3. Personnel expenses 5 214,240,270 214,836,298
- gross personnel expenses   278,496,018 276,400,504
- personnel expenses, capitalised   (64,255,748) (61,564,206)
of which: related parties   2,754,498 3,554,549
4. Amortisation, depreciation and impairment 6 348,882,118 318,768,336
5. Other operating expenses 7 18,078,990 17,808,652
of which: related parties   329,064 246,904
   Total operating expenses   781,126,809 754,551,251
  A-B Operating profit (EBIT)   772,794,331 750,518,505
 C. Financial income/expense      
1. Financial income 8 157,668,834 29,180,259
of which: related parties   20,693,596 17,960,646
2. Financial expense 8 (166,480,603) (116,919,577)
of which: related parties   (10,898,440) (1,353,972)
 D. Profit before taxes   763,982,562 662,779,187
 E. Income taxes 9 344,213,830 232,100,228
 F. Profit for the year from continuing operations   419,768,732 430,678,959
 G. Profit for the year from discontinued operations and assets held for sale 10 33,818,822 1,433,700
 H. Profit for the year   453,587,554 432,112,659
Terna S.p.A. statement of comprehensive income
In euros
Note
2011
2010
Profit for the year   453,587,554 432,112,659
Other comprehensive income for the year      
- Cash flow hedges net of tax effect 20 (34,685,551) 25,917,385
   Comprehensive income for the year   418,902,003 458,030,044