business plan for 2004 - EDP

EDP - Electricidade de Portugal, S.A.
Individual Profit and Loss Account
for the years ended December 31, 2003 & 2002
2003 2002
Sales
(Thousands of euros)
- -
Cost of sales - -
Gross Margin - -
Other operating income
Services rendered 24 252 16 242
Work in progress for own purposes - 310
Other income 3 170 882
27 422 17 434
27 422 17 434
Other operating costs
Supplies and services 61 360 67 126
Personnel costs 5 637 4 316
Other expenses 2 099 3 048
69 096 74 490
Gross Operating Margin (EBITDA) ( 41 674) ( 57 056)
Provisions 873 11 183
Depreciation and amortisation 8 112 6 151
Operating Margin (EBIT) ( 50 659) ( 74 390)
Financial Gains / (losses) 354 350 272 158
(Amortisation of investments) ( 13 541) ( 11 126)
Current Results 290 150 186 642
Extraordinary Gains / (losses) 81 712 173 885
Profit before tax 371 862 360 527
Charges for income taxe ( 14 479) ( 24 587)
Charges for deferred income taxes 5 232 49 898
Net Profit 381 109 335 216
Earnings per Share - Basic - Euros 0,13 euros 0,11 euros
Note: See accompanying notes to the Financial Statements in the Financial Report.
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