Annual Accounts and Report as at 30 June 2011 Draft - Mediobanca

OTHER ASSOCIATED UNDERTAKINGSPROFIT AND LOSS ACCOUNTSTABLE C (cont.)RCSGEMINAMediaGroup S.p.A.S.p.A.31/12/10 31/12/10(€ 000) (€ 000)Net income 6,305 68- of which to related parties 6,262 —Consumption of raw materials and services/changesin stocks of semi-finished products (23,806) —- of which to related parties (5,669) —- of which non-recurring — —Personnel costs (14,348) (1,526)- of which to related parties (3,852) (24)- of which non-recurring — —Other operating income — 976- of which to related parties — —Other operating costs — (3,846)Other operating income and cost 20,470 —- of which to related parties 19,638 —Sundry operating expenses (1,164) —- of which to related parties — —- of which non-recurrent — —Provisions for various risks (167) (2,240)- of which to related parties — (3,600)Loan writedowns (11) —Amortization (5) (20)Depreciation (1,394) —Amortization of real estate investments (1,332) —Writedowns to fixed assets: (464) —- of which: non-recurrent — —Operating profit (loss) (15,916) (6,588)Income (expense) from equity investmentsDividends from subsidiaries — —Dividends from associates — (1,348)Dividends from other companies — —Other income (expense) from equity investments — —Interest income (expense) — —Interest income/cost of production 12,437 389- of which to related parties 12,121 90- of which non-recurring — —Interest expense (20,553) (3,387)- of which to related parties (1,258) (3,387)Other income (expense) from financial assets and liabilities (25,221) —- of which to related parties (30,063) —- of which non-recurring — —Net profit before tax (49,253) (10,934)Income tax/interest income and charges 6,077 2,248Profit (loss) from assets to be retained (43,176) (8,686)Profit (loss) from assets to be sold/ sold — —Net profit for the period (43,176) (8,686)– 469