2010 annual report - touax group

Annual report 2010
Consolidated income statement presented by type at December 31
note n° 2010 2009 2008 2008
(€ thousands) Proforma
REVENUE 302,393 271,772 368,748 364,887
Capital gains on disposals 5 982
4 Income from ordinary activities 302,398 271,772 368,748 365,869
5 Purchases and other external charges (154,404) (133,513) (223,012) (220,133)
6 Payroll expense (26,539) (25,606) (24,666) (24,666)
7 Other operating income and expenses 314 (526) 2,370 2,370
GROSS OPERATING SURPLUS 121,769 112,127 123 440 123,440
8 Operating provisions (571) (1,248) (4 502) (4,502)
GROSS OPERATING MARGIN (EBITDA) 121,198 110,879 118,938 118,938
9 Depreciation, amortization and impairments (23,788) (20,683) (16,094) (16,094)
OPERATING INCOME before distribution to investors 97,410 90,196 102,844 102,844
10 Net distributions to investors (67,442) (61,898) (65,399) (65,399)
CURRENT OPERATING INCOME 29,968 28,298 37,445 37,445
11 Other operating revenues and expenses 3,121 (3,121) (3,121)
OPERATING INCOME 29,968 31,419 34,324 34,324
Income from cash and cash equivalents 26 160 591 591
Cost of gross financial debt (12,936) (13,027) (15,429) (14,749)
Cost of net financial debt (12,910) (12,867) (14,838) (14,158)
Other financial income and expenses 195 (153) 846 165
12 FINANCIAL RESULT (12,715) (13,020) (13,992) (13,992)
Shares for profil/(loss) of associates 29
PROFIT BEFORE TAX 17,282 18,399 20,332 20,332
13 Corporate income tax (4,001) (4,244) (3,546) (3,546)
NET PROFIT (LOSS) FROM CONSOLIDATED COMPANIES 13,281 14,155 16,786 16,786
Income from discontinued activities
CONSOLIDATED NET PROFIT (LOSS) 13,281 14,155 16,786 16,786
Minority interests (6) 38 54 54
CONSOLIDATED NET PROFIT (LOSS) (GROUP'S SHARE) 13,275 14,193 16,839 16,839
14 Net earnings per share 2.33 2.73 3.72 3.72
14 Diluted net earnings per share 2.31 2.70 3.71 3.71
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