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2010 annual report - touax group

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Annual <strong>report</strong> <strong>2010</strong><br />

December 31, 2008 Proforma Shipping Modular River Railcars Miscel- Unal- Eliminations Total<br />

(€ thousands) containers buildings barges laneous located<br />

Leasing revenue 85,161 64,720 24,134 31,482 144 8,987 (9,068) 205,560<br />

Sales of equipment 120,707 22,618 841 19,022 163,188<br />

Income from ordinary activities 205,868 87,338 24,975 50,504 144 8,987 (9,068) 368,748<br />

Acquisition cost of sales (116,526) (15,931) (446) (16,312) 162 (149,053)<br />

Operating expenses (19,410) (32,896) (15,649) (12,209) 635 (79,529)<br />

General, commercial and<br />

administrative operating expenses (6,664) (6,741) (3,473) (3,092) (41) (9,488) 8,271 (21,228)<br />

GROSS OPERATING MARGIN (EBITDA) 63,268 31,770 5,408 18,891 103 (501) 118,938<br />

Depreciation, amortization and impairments (954) (10,682) (2,157) (2,128) (49) (124) (16,094)<br />

INCOME PER BUSINESS<br />

before distribution to investors 62,314 21,088 3,251 16,763 54 (625) 102,844<br />

Net distributions to investors (51,744) (4,653) (274) (8,728) (65,399)<br />

CURRENT OPERATING INCOME 10,570 16,435 2,977 8,035 54 (625) 37,445<br />

Other operating revenues and expenses (3,121) (3,121)<br />

OPERATING RESULT 10,570 16,435 2,977 4,914 54 (625) 34,324<br />

Financial result (13,992)<br />

PROFIT BEFORE TAX 20,332<br />

Corporate income tax (3,546)<br />

NET PROFIT (LOSS) FROM CONSOLIDATED COMPANIES 16,786<br />

Income from discontinued activities<br />

CONSOLIDATED NET PROFIT (LOSS) 16,786<br />

Minority interests 54<br />

CONSOLIDATED NET PROFIT (LOSS) (GROUP'S SHARE) 16,839<br />

64

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