sain t-gobain annu al report 2008 annual report

Income statement
at December, 31
(in € thousands) 2008 2007 2006
Operating revenue
Royalties and license fees 123,257 122,813 112,190
Other services 76,044 68,856 68,396
Net revenue 199,301 191,669 180,586
Write-backs of depreciation, amortization, impairment and provisions 11,589 7,727 16,057
Expense transfers 5,308 8,519 2,358
Other operating income 355 85 93
Total I 216,553 208,000 199,094
Operating expenses
Other purchases and external charges (123,046) (126,212) (113,665)
Taxes other than on income (5,967) (6,103) (5,046)
Wages and salaries (36,855) (38,021) (36,648)
Payroll taxes (17,533) (17,636) (17,046)
Depreciation, amortization, impairment and provisions (22,536) (17,328) (10,140)
Other operating expense (2,766) (2,593) (2,607)
Total II (208,703) (207,893) (185,152)
OPERATING INCOME 7,850 107 13,942
Share in profits/(losses) of joint ventures – – –
Profits Total III – – –
Losses Total IV – – –
Financial income
Income from investments in subsidiaries and affiliates 985,604 548,741 457,288
Income from loans and other investments 835,876 690,434 532,540
Income from other non-current investment securities 21 33 46
Other interest income 154,095 86,915 114,187
Write-backs of impairment and provisions, expense transfers 11,764 50,405 81,639
Foreign exchange gains 43,929 46,347 138,458
Net income from sales of marketable securities 14,932 7,902 -
Total V 2,046,221 1,430,777 1,324,158
Financial expense
Amortization, impairment and provisions (23,034) (14,132) (79,720)
Interest expense (889,085) (702,680) (628,619)
Foreign exchange losses (33,653) (43,715) (146,390)
Net losses on sales of marketable securities - -
Total VI (945,772) (760,527) (854,729)
Net financial income (Note 2) 1,100,449 670,250 469,429
INCOME BEFORE TAX AND EXCEPTIONAL ITEMS 1,108,299 670,357 483,371
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Saint-Gobain – Financial Report 2008