2012 Annual Report - Italcementi Group

2012 Annual Report
Presentation 4
General information 14
Annual Report Consolidated Annual Report Directors’ report 30
Sustainability disclosure Italcementi S.p.A. Annual Report Consolidated financial statements 63
Extraordinary session 351
Income statement
Notes 2012 % 2011 (IFRS 5) % Change % 2011
(in thousands of euro)
(published)
Revenue 4 4,480,091 100.0 4,657,371 100.0 (177,280) -3.8 4,720,542
Other revenue 44,573 37,205 37,213
Change in inventories 20,193 477 (241)
Internal work capitalized 32,221 32,108 32,108
Raw materials and supplies 25 (1,866,121) (1,924,609) (1,976,767)
Services 26 (1,117,650) (1,132,196) (1,138,246)
Employee expense 27 (921,905) (940,940) (947,037)
Other operating income (expense) 28 (38,987) (28,333) (30,239)
Recurring EBITDA 4 632,415 14.1 701,083 15.1 (68,668) -9.8 697,333
Net gains from sale of non current assets 29 38,548 66,315 66,275
Non-recurring income (expense)
for re-organizations 29 (56,112) (25,566) (25,566)
Other non-recurring income (expense) 29 23 35 35
EBITDA 4 614,874 13.7 741,867 15.9 (126,993) -17.1 738,077
Amortization and depreciation 4 (456,382) (468,727) (474,826)
Impairment 5 - 6 (309,354) (134,280) (134,280)
EBIT 4 (150,862) -3.4 138,860 3.0 (289,722) n.s. 128,971
Finance income 30 58,165 73,584 74,202
Finance costs 30 (141,115) (155,797) (158,852)
Exchange-rate differences and derivatives 30 (1,520) (17,354) (17,445)
Impairment on financial assets - 7,524 7,524
Share of profit (loss) of equity accounted
investees 8 11,108 18,638 18,638
Profit (loss) before tax 4 (224,224) -5.0 65,455 1.4 (289,679) n.s. 53,038
Income tax expense 31 (146,168) (69,071) (68,811)
Profit (loss) relating to continuing
operations (370,392) -8.3 (3,616) -0.1 (366,776) n.s. (15,773)
Profit (loss) relating to discontinued operations 32 7,992 94,770 106,927
Profit (loss) for the period (362,400) -8.1 91,154 2.0 (453,554) n.s. 91,154
Attributable to:
Owners of the parent (395,837) (3,147) (392,690) ###### (3,147)
Non-controlling interests 33,437 94,301 (60,864) -64.5 94,301
Earnings per share 34
- Basic
savings shares -1.402 € 0.007 € 0.007 €
ordinary shares -1.432 € -0.023 € -0.023 €
- Diluted
savings shares -1.402 € 0.007 € 0.007 €
ordinary shares -1.432 € -0.023 € -0.023 €
n.s.= not significant
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