APC 2005 Annual Report Download - page 130
Download and view the complete annual report
Please find page 130 of the 2005 APC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
 |
 |
128
2
Statement of Income
(
€
thousands)
2005 2004 2003
Sales of services and other 2,908 1,254 1,976
Reversals of provisions,
depreciation and amortization and expense transfers 4,191 - 2,250
Operating revenues 7,099 1,254 4,226
Purchases and external charges 16,429 6,449 11,011
Taxes other than on income 2,783 1,467 2,938
Payroll costs 5,137 2,976 2,628
Depreciation, amortization and provision expense 2,217 4,117 1,451
Other operating expenses and joint-venture losses 1,290 149 461
Operating expenses 27,856 15,158 18,489
Operating loss (20,757) (13,904) (14,263)
Dividend income 337,833 463,279 457,690
Interest income 168,809 164,002 174,763
Reversals of impairment provisions
for long-term receivables and other 359 1,553 12,531
Financial income 507,001 628,834 644,984
Interest expense 82,661 68,425 71,405
Provision expense 1,764 3,220 16,500
Financial expenses 84,425 71,645 87,905
Net financial income
(note14)
422,576 557,189 557,079
Proceeds from fixed asset disposals 53,639 25,251 497,184
Provision reversals and expense transfers 6,076 2,125 113,605
Other 5,788 9,376 10,135
Non-recurring income 65,503 36,752 620,924
Carrying value of fixed asset disposals 50,701 31,992 649,562
Provisions, depreciation and amortization 32,762 6,875 50,866
Other 1,146 2,831 8,751
Non-recurring expenses 84,609 41,698 709,179
Net non-recurring expense
(note15)
(19,106) (4,946) (88,255)
Net income tax benefit
(note 16)
68,080 20,429 20,171
Net income 450,793 558,768 474,732
The notes form an integral part of these financial statements.