Half-yearly financial Report at June 30, 2013 - A2A

Half-yearly financial report at June 30, 2013Notes to the income statementTrading marginThe following table sets out the results arising from the trading portfolio; these figures relateto trading in electricity, gas and environmental certificates.Millions of euro Note 06 30 2013 06 30 2012Trading marginRevenues 27 832 613Operating expenses 28 (824) (618)Total trading margin 8 (5)29) Labour costsNet of capitalized costs, labour costs in the six months ended June 30, 2013 amounted to 348million euro (289 million euro in the six months ended June 30, 2012).“Labour costs” may be analyzed as follows:Labour costs - Millions of euro 06 30 2013 06 30 201293Wages and salaries 216 191Social security charges 80 71Employee leaving entitlement (TFR) 14 12Other costs 38 15Total labour costs 348 289The A2A Group had an average workforce of 12,604 people during the six months ended June30, 2013, of whom 995 joined by way of the consolidation of Edipower S.p.A..Labour costs for the six months ended June 30, 2013 include the total cost of the businessrestructuring plan for the future exit of employees under the Redundancy scheme, amountingto 22 million euro. This plan will reach the peak of its effectiveness in the two-year period 2013-2014. Further details of the business restructuring plan can be found in the section“Significant events during the period” of this Half-yearly financial report.30) Gross operating incomeAs a result of the above movements, consolidated “Gross operating income” for the six monthsended June 30, 2013 amounted to 610 million euro (484 million euro for the six months endedJune 30, 2012), of which 125 million euro arising from the consolidation of Edipower S.p.A..Further details may be found in the section “Results sector by sector”.