to download Telecom Italia Annual Report 2011 - Company Reporting

Financial Statements – Telecom Italia
S.p.A.
Separate Income Statements
(millions of euros) Year Year Change
2011 2010 (amount) %
Revenues 18,045 18,985 (940) (5.0)
Other income 247 210 37 17.6
Total operating revenues and other income 18,292 19,195 (903) (4.7)
Acquisition of goods and services (6,324) (6,651) 327 4.9
Employee benefits expenses (2,638) (3,121) 483 15.5
Other operating expenses (705) (666) (39) (5.9)
Changes in inventories 13 (56) 69 °
Internally generated assets 362 388 (26) (6.7)
Operating profit before depreciation and
amortization, capital gains (losses) and impairment
reversals (losses) on non-current assets (EBITDA) 9,000 9,089 (89) (1.0)
Depreciation and amortization (3,793) (4,107) 314 7.6
Gains (losses) on disposals of non-current assets (9) (4) (5) °
Impairment reversals (losses) on non-current assets (5,380) (9) (5,371) °
Operating profit (loss) (EBIT) (182) 4,969 (5,151) °
Income (expenses) from investments (147) 1,796 (1,943) °
Finance income 2,538 2,819 (281) (10.0)
Finance expenses (4,587) (4,974) 387 7.8
Profit (loss) before tax (2,378) 4,610 (6,988) °
Income tax expense (1,193) (1,097) (96) (8.8)
Profit (loss) for the year (3,571) 3,513 (7,084) °
Report on Operations Financial Statements – Telecom Italia S.p.A. 91