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Consolidated financial statements as at December 31, 2010<br />
Consolidated Income Statement<br />
pursuant to Consob Resolution No. 15519 of July 27, 2006<br />
Of which<br />
Of which<br />
(thousand Euros) 2010 related parties % 2009 related parties %<br />
Revenues 384,202 491 0.1% 340,166 322 0.1%<br />
Other revenues 6,646 - - 7,190 - -<br />
Purchases (8,652) - - (8,207) - -<br />
Personnel expenses (194,122) - - (176,652) - -<br />
Services and other costs (131,090) (4,763) 3.6% (119,632) (5,303) 4.4%<br />
Amortization and write-offs (7,645) - - (6,978) - -<br />
Other unusual operating income/(expenses) (7,769) - - (5) - -<br />
Operating income 41,570 - - 35,882 - -<br />
Financial income/(expenses) (1,476) - - (1,914) - -<br />
Result before tax of continuing operations 40,094 - - 33,968 - -<br />
Income taxes (19,482) - - (17,098) - -<br />
Net result of continuing operations 20,612 - - 16,870 - -<br />
Non controlling interest (245) - - (367) - -<br />
GROUP NET RESULT 20,367 - - 16,628 - -<br />
Earnings per share 2.25 1.84<br />
Diluted earnings per share 2.20 1.81<br />
124
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