ANNUAL REPORT - HSE

5.4 Consolidated income statement
in €
ITEM 2008 2007
1. Net sales revenue 872,762,328 982,333,321
a) Domestic market 625,382,932 722,268,188
b) Foreign market 247,379,396 260,065,133
2. Changes in inventories of products and work in progress -1,412,901 -1,132,343
3. Capitalised own products and own services 5,551,241 11,381,614
4. Other operating revenue (including revaluation operating revenue) 26,519,382 19,034,416
GROSS RETURN ON OPERATIONS 903,420,050 1,011,617,008
5. Costs of goods, materials and services 508,120,674 681,696,549
a) Cost of goods and materials sold and costs of materials used 446,843,322 629,285,523
b) Costs of services 61,277,352 52,411,026
6. Labour costs 137,687,403 123,900,511
a) Payroll costs 97,977,470 87,568,286
b) Social security costs 25,039,450 22,306,892
- of which pension insurance costs 18,104,296 15,624,512
c) Other labour costs 14,670,483 14,025,333
7. Write-downs in value 79,680,448 96,561,644
a) Depreciation and amortisation 74,358,495 72,040,630
b) Revaluation operating expenses associated with
intangible assets and property, plant and equipment
4,927,577 9,469,391
c) Revaluation operating expenses
associated with operating current assets
394,376 15,051,623
8. Other operating expenses 61,159,605 42,958,501
TOTAL OPERATING EXPENSES 786,648,130 945,117,205
OPERATING PROFIT OR LOSS 116,771,920 66,499,803
9. Finance income from interests 1,494,470 21,992,017
a) Finance income from interests in group companies 0 8,502,133
c) Finance income from interests in other companies 356,176 6,844,423
d) Finance income from other investments 1,138,294 6,645,461
10. Finance income from loans given 7,352,653 5,847,060
b) Finance income from loans to others 7,352,653 5,847,060
11. Finance income from operating receivables 2,621,987 4,462,773
b) Finance income from operating receivables due from others 2,621,987 4,462,773
TOTAL FINANCE INCOME 11,469,110 32,301,850
12. Finance expenses arising from impairment
and write-downs of investments 18,962,851 80,193
13. Finance expenses for financial liabilities 18,259,988 12,516,639
b) Finance expenses for loans received from banks 16,771,877 12,492,692
d) Finance expenses for other financial liabilities 1,488,111 23,947
14. Finance expenses for operating liabilities 1,706,952 2,643,084
b) Finance expenses for trade liabilities and bills payable 775,300 1,979,740
c) Finance expenses for other operating liabilities 931,652 663,344
TOTAL FINANCE EXPENSES 38,929,791 15,239,916
PROFIT OR LOSS ON ORDINARY ACTIVITIES 89,311,239 83,561,737
15. Other revenue 5,816,120 804,588
16. Other expenses 1,596,431 1,141,529
PROFIT OR LOSS ON EXTRAORDINARY ACTIVITIES 4,219,689 -336,941
TOTAL PROFIT OR LOSS 93,530,928 83,224,796
17. Corporate income tax 14,022,776 8,749,121
18. Deferred taxes 4,992,938 -9,596,066
19. NET PROFIT OR LOSS FOR THE ACCOUNTING PERIOD 74,515,214 84,071,741
Net profit or loss of majority owner for the accounting year 73,801,282 83,461,018
Net profit or loss of minority owner for the accounting year 713,932 610,723
* The accompanying notes are an integral part of the consolidated financial statements and should be read
in conjunction with them.
ANNUAL REPORT HSE | FINANCIAL REPORT OF THE HSE GROUP
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