Annual Report 2005 - Tenaris
Annual Report 2005 - Tenaris
Annual Report 2005 - Tenaris
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Income statement<br />
GROSS REVENUE<br />
Sales taxes<br />
NET OPERATING REVENUES<br />
Cost of goods and services sold<br />
Gross profit<br />
OPERATING EXPENSES<br />
Selling<br />
Administrative<br />
Management fees<br />
Amortization of deferred charges<br />
Others operational expenses, net (Note 17)<br />
INCOME BEFORE EQUITY IN RESULTS OF SUBSIDIARIES<br />
AND FINANCIAL INCOME<br />
Equity in results of subsidiaries and related companies (Note 7)<br />
OPERATING INCOME BEFORE FINANCIAL INCOME (EXPENSES)<br />
Financial expenses<br />
Financial income<br />
OPERATING INCOME<br />
Net non – operating expenses<br />
INCOME BEFORE INCOME TAX, SOCIAL CONTRIBUTION, PROFIT SHARE<br />
AND MINORITY SHAREHOLDER'S INTERESTS<br />
Income tax and social contribution (Note 16)<br />
Profit share management and employees<br />
Minority interest<br />
Net income for year<br />
Net income per share based on capital at end of year – R$<br />
The management's explanatory notes are an integral part of the financial statements<br />
52. <strong>Tenaris</strong>Confab<br />
<strong>2005</strong><br />
2,067,603<br />
(313,900)<br />
1,753,703<br />
(1,168,652)<br />
585,051<br />
(104,485)<br />
(49,376)<br />
(7,025)<br />
–<br />
(23,957)<br />
(184,843)<br />
400,208<br />
18,322<br />
418,530<br />
(45,981)<br />
37,077<br />
(8,904)<br />
409,626<br />
(242)<br />
409,384<br />
(118,375)<br />
(13,996)<br />
–<br />
277,013<br />
0.8517<br />
Parent company<br />
2004<br />
918,106<br />
(111,230)<br />
806,876<br />
(586,160)<br />
220,716<br />
(103,459)<br />
(41,276)<br />
(6,562)<br />
(7,794)<br />
(5,837)<br />
(164,928)<br />
55,788<br />
(12,144)<br />
43,644<br />
(59,396)<br />
39,247<br />
(20,149)<br />
23,495<br />
(63)<br />
23,432<br />
(5,913)<br />
–<br />
–<br />
17,519<br />
0.0539<br />
<strong>2005</strong><br />
2,121,874<br />
(338,769)<br />
1,783,105<br />
(1,155,227)<br />
627,878<br />
(106,625)<br />
(51,170)<br />
(8,057)<br />
(462)<br />
(25,277)<br />
(191,591)<br />
436,287<br />
777<br />
437,064<br />
(45,876)<br />
36,593<br />
(9,283)<br />
427,781<br />
(256)<br />
427,525<br />
(127,575)<br />
(15,237)<br />
(7,700)<br />
277,013<br />
Consolidated<br />
2004<br />
1,013,652<br />
(126,026)<br />
887,626<br />
(649,529)<br />
238,097<br />
(107,156)<br />
(43,386)<br />
(7,728)<br />
(7,995)<br />
(7,114)<br />
(173,379)<br />
64,718<br />
(6,146)<br />
58,572<br />
(61,388)<br />
37,223<br />
(24,165)<br />
34,407<br />
(69)<br />
34,338<br />
(12,154)<br />
–<br />
(4,665)<br />
17,519
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