Financial statements

Income statement

INCOME STATEMENT (Euros) NOTES 31/12/2017 31/12/2016
I - OPERATING INCOME
1 - Net sales revenue (Note 18) 95.394.639 104.021.570
4 - Other operating income 228.438 295.411
Total operating income 95.623.077 104.316.981
II - OPERATING EXPENSES
1 - Consumption of goods, other materials and services (Note 19) (-)10.016.497 (-)9.696.846
2 - Staff costs (Note 20) (-)14.195.890 (-)12.197.594
a) Wages, salaries and similar (-)11.528.474 (-)9.926.690
b) Social security and other welfare costs (-)1.882.608 (-)1.516.234
c) Other staff costs (-)784.808 (-)754.670
3 - Amortisation and depreciation and gains/losses on sale or retirement of intangible assets and property, plant and equipment (-)26.856.679 (-)24.925.894
a) Amortisation and depreciation (-)25.942.003 (-)23.280.049
b) Impairment losses 0 0
c) Gains/losses on sale or retirement ofassets (-)914.676 (-)1.645.846
4 - Impairment of current assets 318.761 (-)737.792
a) Inventories (-)61.686 (-)377.648
b) Loans and receivables 499.101 (-)338.347
c) Other (-)118.654 (-)21.797
5 - Other operating expenses (-)17.189.140 (-)17.762.821
a) Leases and fees (-)243.499 (-)175.897
b) Repairs and maintenance (-)9.908.937 (-)9.923.587
c) Independent professional services (-)2.527.156 (-)3.794.367
d) Insurance policies (-)361.625 (-)358.108
e) Advertising and PR services (-)738.103 (-)522.272
f) Utilities (-)1.348.107 (-)1.517.702
g) Taxes other than income tax (-)136.992 (-)92.130
h) Other external services (-)1.924.721 (-)1.378.759
Total operating expenses (-)67.939.445 (-)65.320.947
EARNINGS BEFORE INTEREST, NON-RECURRING ITEMS AND TAX 27.683.632 38.996.034
III - FINANCIAL INCOME AND EXPENSES (Note 21)
1 - Financial income 27.724.330 1.208.171
a) From equity investments 26.755.550 0
b) From other financial assets 968.780 1.208.171
2 - Financial expenses 0 0
3 - Change in fair value of financial instruments held for trading 659.527 423.844
4 - Exchange differences (-)113.565 (-)237.727
Net financial income/(expense) 28.270.292 1.394.299
EARNING BEFORE NON-RECURRING ITEMS AND TAXES 55.953.924 40.390.322
IV - OTHER NON-RECURRING INCOME AND EXPENSES
1 - Other non-recurring income 145.831 77.434
2 - Other non-recurring expenses (-)108.564 (-)11.752
Total other non-recurring income and expenses 37.268 65.683
EARNINGS BEFORE TAXES 55.991.429 40.456.005
V - CORPORATE INCOME TAX (-)5.039.762 (-)2.698.110
PROFIT/(LOSS) FOR THE YEAR 50.951.429 37.757.895