APC 2003 Annual Report Download - page 116
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Consolidated and Parent Company Financial Statements
114
Statement of Income year ended December 31, 2003
Expenses
(
€
thousands)
2003 2002 2001
Operating expenses
Purchases and external charges 11,011.0 5,762.1 5,456.3
Taxes other than on income 2,937.9 2,584.0 2,134.6
Payroll costs 2,628.6 4,490.9 5,383.1
Depreciation, amortization and provision expense 1,450.7 2,864.4 866.3
Other operating expenses and joint-venture losses 460.7 - 42.1
18,488.9 15,701.4 13,882.4
Financial expenses
Interest expense 71,405.1 95,450.7 135,523.6
Provision expense 16,499.9 4,500.0 2,941.8
87,905.0 99,950.7 138,465.4
Non-recurring expenses
Net losses on disposals of fixed assets 58,922.9 389,961.9 -
Provision expense 35,789.4 97,737.0 1,401,337.5
Other 8,750.5 40,765.8 48,536.3
103,462.8 528,464.7 1,449,873.8
Income tax expense 5,835.4 - -
Net income 474,732.4 221,139.4 -
Total 690,424.5 865,256.2 1,602,221.6