DRAVA, KUPA, RJE»INA, LOKVARKA, LI»ANKA LIKA, DOBRA ...

CONSOLIDATED INCOME
STATEMENT ∑ HEP GROUP
FOR THE YEAR ENDED 31 DECEMBER 2010
Notes 2010 2009
HRK’000 HRK’000
Revenue from electricity sales 4 10,851,054 10,798,272
Revenue from thermal power sales 4 569,784 553,732
Revenue from gas sales 4 394,182 294,262
Other operating income 5 1,153,590 954,520
Total operating income 12,968,610 12,600,786
Electricity purchase cost (2,011,535) (3,078,977)
Fuel costs (2,077,105) (2,385,583)
Staff cost 6 (1,895,205) (1,954,350)
Depreciation and amortization expense 10,11 (1,721,472) (1,688,750)
Other operating expenses 7 (3,052,380) (2,925,476)
Total operating expenses (10,757,697) (12,033,136)
Profit from operations 2,210,913 567,650
Financial revenue 8 65,479 81,101
Financial costs 8 (439,224) (421,642)
Net financial loss (373,745) (340,541)
Profit before tax 1,837,168 227,109
Income tax expense 9 (401,802) (72,687)
Profit from operations
Attributable to:
1,435,366 154,422
Equity holder 1,421,303 135,844
Non-controlling interest 14,063 18,578
1,435,366 154,422
The accompanying notes form an integral part of these consolidated financial statements.
Signed on behalf of the Company on 25 May 2011 by:
Leo Begović Miljenko Pavlaković
President of the Board Member of the Board
63
HEP ANNUAL REPORT 2010
CHAPTER 6 - FINANCIAL STATEMENTS