APC 2009 Annual Report Download - page 188

2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC186
COMPANY FINANCIAL STATEMENTS
6STATEMENT OF INCOME
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2. Statement of income
(in thousands of euros) Note 2009 2008 2007
Sales of services and other 2,455 1,964 986
Reversals of provisions, depreciation and amortisation
and expense transfers 2,424 2,681 2,079
Operating revenues 4,879 4,645 3,065
Purchases and external charges 8,533 8,610 9,341
Taxes other than on income 2,063 2,334 2,033
Payroll costs 5,862 5,750 6,897
Depreciation, amortisation and provision expense 1,973 2,140 2,501
Other operating expenses and joint-venture losses 1,257 1,757 584
Operating expenses 19,689 20,590 21,356
Operating loss (14,810) (15,946) (18,291)
Dividend income 540,925 951,827 20,930
Interest income 182,775 431,325 402,747
Reversals of impairment provisions for long-term
receivables and other 103 0 322,137
Financial income 723,803 1,383,152 745,814
Interest expense 321,229 285,563 269,737
Provision expense 1,926 1,835 323,906
Financial expenses 323,155 287,398 593,643
Net fi nancial income 15 400,649 1,095,754 152,171
Proceeds from fi xed asset disposals 294 11,187 52,557
Provision reversals and expense transfers 32,433 17,460 5,860
Other 8,861 5,775 6,049
Non-recurring income 41,588 34,423 64,466
Carrying value of fi xed asset disposals 2,962 23,356 49,468
Provisions, depreciation and amortisation 0 31,494 2,100
Other 410 12,335 11,511
Non-recurring expenses 3,372 67,184 63,079
Net non-recurring income/(expense) 16 38,216 (32,762) 1,387
Net income tax benefi t 17 51,700 100,546 91,376
NET INCOME 475,753 1,147,592 226,643
The notes form an integral part of these fi nancial statements.