PARENT COMPANY PROFIT & LOSS ACCOUNTS
At 31 January
€m
Notes
2004
2003
2002
Service sales
10.1
9.4
6.7
Decrease in provisions and depreciation
-
-
0.3
Operating income
10.1
9.4
7.0
Other purchases and external expenses
(12.5)
(12.5)
(5.1)
Other expenses
(0.2)
(0.2)
(2.6)
Depreciation and provisions
(0.1)
(0.1)
(0.1)
Operating expenses
(12.8)
(12.8)
(7.8)
Income from investments (dividends)
37.0
30.5
21.2
Income from investments (interest)
5.4
4.4
5.0
Other interest and financial revenues
60.1
19.5
7.9
Decrease in provisions and depreciation
-
-
0.4
Financial income
102.5
54.4
34.5
Interest and similar expenses
(52.5)
(34.4)
(19.3)
Commitment fees
(2.7)
(0.7)
(3.1)
Depreciation and provisions
(10.4)
(7.1)
-
Financial expenses
(65.6)
(42.2)
(22.4)
Net financial income
36.9
12.2
12.1
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Profit on ordinary activities before tax
34.2
8.8
11.3
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Extraordinary income from management operations
0.2
0.4
0.1
Extraordinary income from capital operations
-
-
0.1
Decrease in provisions and depreciation
0.7
-
-
Extraordinary income
0.9
0.4
0.2
Extraordinary expenses on management operations
(0.4)
(0.6)
(0.0)
Extraordinary expenses on capital operations
-
-
-
Depreciation and provisions
-
-
-
Extraordinary expenses
(0.4)
(0.6)
-
Net Extraordinary income / (expenses)
(8)
0.5
(0.2)
0.2
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Income tax
3.4
1.5
5.1
Net income
38.1
10.1
16.6
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The following notes form an integral part of the financial statements.
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