Annual Report 2010 - AdP

Consolidated income statement by nature
Lisbon, 15 March 2011
Unit: euros
Notes IFRS 31.12.2010 IFRS 31.12.2009
Sales 35/36 396,213,724 364,275,146
Supply of services 35/36 290,929,601 261,140,398
Tariff deficit 15/35 37,336,274 32,460,465
Turnover 724,479,599 657,876,009
Cost of sales/change in inventory 37 (30,281,249) (25,931,031)
Gross margin 694,198,350 631,944,978
External supplies and services 38 (224,716,644) (194,924,300)
Staff costs 39 (146,586,559) (149,465,028)
Amortizations, depreciations and reversals of the year 40 (225,048,112) (214,834,523)
Provisions and reversals of the year 41 25,171,766 (9,190,138)
Losses due to impairment and reversals of the year 42 (5,131,849) (4,222,190)
Fair value gains/(losses) 4,116
Investment grants 31 67,137,886 67,021,282
Other operational costs and losses 43 (26,404,585) (17,360,538)
Other operational income and gains 44 17,938,553 13,730,474
Operational income 176,562,922 122,700,017
Financial costs 45 (72,136,023) (60,314,998)
Financial income 46 20,464,765 41,152,553
Gains/(losses) from financial investments 47 1,125,186 261,598
Financial income (50,546,072) (18,900,847)
Income before taxes 126,016,850 103,799,170
Current taxes 48 (62,112,366) (23,094,766)
Deferred tax 48 32,829,732 (1,792,129)
Net income of the year 96,734,216 78,912,275
Net income attributable to AdP SGPS shareholders 79,459,018 65,325,489
Net income attributable to non-controlled interests 17,275,198 13,586,787
Net income of the year 96,734,216 78,912,275
Earnings per share (attributable to majority shareholders) 22 0.91 0.75
The Board of Directors
Pedro Eduardo Passos da Cunha Serra (Chairman)
António Manuel da Silva Branco (Member)
João Manuel Lopes Fidalgo (Member)
José Maria Martins Soares (Member)
Justino Manuel Matias Carlos (Member)
Joaquim José de Oliveira Reis (Non-Executive Member)
José Fernando Maia de Araújo e Silva (Non-Executive Member)
The Statutory Accountant
Carla Isabel Costa Pinto Ribeiro
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