ANNUAL REPORT - HSE

4.5 Income statement
ITEM 2008 2007
1. Net sales revenue 819,264,527 921,176,077
a) Domestic market 578,426,525 677,506,544
- from relations with group companies 4,827,794 3,854,709
- from relations with others 573,598,731 673,651,835
b) Foreign market 240,838,002 243,669,533
- from relations with group companies 5,022,245 6,365,151
- from relations with others 235,815,757 237,304,382
3. Capitalised own products and own services 0 151,341
4. Other operating revenue (including revaluation operating revenue) 1,041,190 1,974,761
GROSS RETURN ON OPERATIONS 820,305,717 923,302,179
5. Costs of goods, materials and services 766,089,817 895,889,987
a) Cost of goods and materials sold and costs of materials used 759,887,952 888,484,123
b) Costs of services 6,201,865 7,405,864
6. Labour costs 6,545,268 5,950,139
a) Payroll costs 4,884,574 4,332,453
b) Social security costs 981,354 870,592
- of which pension insurance costs 611,140 534,097
c) Other labour costs 679,340 747,094
7. Write-downs in value 1,493,117 16,985,578
a) Depreciation and amortisation 1,458,542 2,236,463
b) Revaluation operating expenses associated with IA and PPE 7,893 37,792
c) Revaluation operating expenses
associated with operating current assets
26,682 14,711,323
8. Other operating expenses 11,050,720 1,993,478
TOTAL OPERATING EXPENSES 785,178,922 920,819,182
OPERATING PROFIT OR LOSS 35,126,795 2,482,997
9. Finance income from interests 28,017,618 17,852,896
a) Finance income from interests in group companies 27,800,000 8,502,104
c) Finance income from interests in other companies 0 6,129,694
d) Finance income from other investments 217,618 3,221,098
10. Finance income from loans given 2,037,012 1,673,799
a) Finance income from loans to group companies 12,260 278,603
b) Finance income from loans to others 2,024,752 1,395,196
11. Finance income from operating receivables 1,622,351 1,050,952
a) Finance income from operating receivables
due from group companies
0 3,797
b) Finance income from operating receivables due from others 1,622,351 1,047,155
TOTAL FINANCE INCOME 31,676,981 20,577,647
13. Finance expenses for financial liabilities 9,088,733 5,885,832
b) Finance expenses for loans received from banks 7,993,672 5,880,334
d) Finance expenses for other financial liabilities 1,095,061 5,498
14. Finance expenses for operating liabilities 776,715 426,706
b) Finance expenses for trade liabilities and bills payable 71,577 6,732
c) Finance expenses for other operating liabilities 705,138 419,974
TOTAL FINANCE EXPENSES 9,865,448 6,312,538
PROFIT OR LOSS ON ORDINARY ACTIVITIES 56,938,328 16,748,106
15. Other revenue 4,670,086 81,787
16. Other expenses 3 234
PROFIT OR LOSS ON EXTRAORDINARY ACTIVITIES 4,670,083 81,553
TOTAL PROFIT OR LOSS 61,608,411 16,829,659
17. Corporate income tax 7,649,606 6,858,656
18. Deferred taxes 202,590 -2,440,194
19. NET PROFIT OR LOSS FOR THE ACCOUNTING PERIOD 53,756,215 12,411,197
* The accompanying notes are an integral part of the financial statements and should be read in conjunction with them.
in €
ANNUAL REPORT HSE | FINANCIAL REPORT OF THE COMPANY HSE
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