Consolidated income statement

CONSOLIDATED INCOME STATEMENT (in thousands of euro)

  2014 2013 
   of which related parties of which related parties
30 Revenues from sales and services 6,018,063 158 6,060,960 1,872
31 Other income 204,076 3,547 252,309 3,126
  - of which non-recurring events 15,626   44,344  
  Changes in inventories of unfinished, semi-finished and finished products 71,634  -  7,804  - 
  Raw materials and consumables (net of change in inventories) (2,083,896)  -  (2,254,539)  - 
32 Personnel expenses (1,239,770) (8,209) (1,194,557) (3,362)
  - of which non-recurring events (24,744)   (45,435)  
33 Amortisation, depreciation and impairment (304,855)   (292,392)  
  - of which non-recurring events (5,744)   -  
34 Other costs (1,829,766) (40,621) (1,798,378) (70,058)
  - of which non-recurring events (1,800)   (2,716)  
35 Increase in Fixed Assets for Internal Work 2,447   3,507  
  Operating income (loss) 837,933   784,714  
  Net income (loss) from equity investments (87,000)   (78,298)  
  - share of net income (loss) of associates and j.v. (55,147) (55,147) (25,835) (25,835)
  - gains on equity investments 18,989 13,307 9,551  - 
  - losses on equity investments (54,715)   (63,304)  
  - dividends 3,873   1,290  
36 Financial income 91,677 421 64,787 1,531
37 Financial expenses (354,087) (1,451) (257,719)  
  Net income (loss) before tax 488,523   513,484  
38 Tax (173,309)   (208,992) 600 
  Net income (loss) from continuing operations 315,214   304,492  
39 Net income (loss) from discontinued operations 17,623   2,000  
  Total net income (loss) 332,837   306,492  
      
  Attributable to:        
  Owners of the parent 319,291   303,574  
  Non-controlling interests 13,546   2,918  
      
40 Earnings (losses) per share from continuing operations (euro per shares) 0.619   0.619  
40 Earnings (losses) per share from discontinued operations (euro per shares) 0.036   0.004  

(*) Steelcord business qualifies as “discontinued operation”. All comparative amounts have been restated.

For a description of the items reflecting related party transactions, please refer to note 43 of the Explanatory Notes.