Consolidated financial statement

 Consolidated income statement(1)

 (Eur thousand) Notes   Year 2013   Year 2012
Revenues from ordinary operations 28   5.331.224   5.229.443

of which towards related parties

42 898.016   876.925  

of which non-recurring items

41 4.550   (6.032)  
Other revenues and income 29   6.719   14.915

  of which towards related parties

42 4.537   5.242  
Changes in product investories 30   46.303   (8.061)
Changes in raw materials investories 31   (24)   (1.098)

of which non-recurring items

41 -   -  
Cost fot purchase 32   (4.429.948)   (4.379.150)

of which towards related parties

42 (230.301)   (316.489)  

of which non-recurring items

41 (7.206)   (4.316)  
Cost for services and other costs 33   (331.152)   (358.388)

of which non-recurring items

42 (202.561)   (351.128)  

of which non-recurring items

 41 (13.746)   4.088  
Personnel costs 34   (68.810)   (56.986)

of which non-recurring items

41 (4.040)   -  
EBITDA from continuing operations     554.313   440.675
 
Amortisation, depreciation and write-down of fixed assets 35   (210.129)   (152.595)

of which non-recurring items

41 -   (3.500)  
Income (expenses) from sale of business unit  36   -   (1.630)

of which non-recurring items

41 -   (1.630)  
Financial income  37   114.835   117.202

of which towards related parties

42 2.147   -  

of which non-recurring items

41 -   -  
Financial expenses 37   (187.620)   (169.731)

of which towards related parties

42 (459)   (16)  
Net financial income (expenses) 37   (72.785)   (52.529)
 
Net income (los) from investment carried at equity      (26.346)   (26.407)

of which non-recurring items

41 (6.210)   (6.114)  
Other net income (loss) from equity investments     (61.225)   (74.415)

of which non-recurring items

 41 (58.355)   -  
Net income (loss) from equity investments 38   (87.571)   (100.822)
Profit before taxes     183.828   133.099
           
Income taxes 39   (125.524)   (99.451)

of which non-recurring items

41 (17.594)   5.817  
Net profit (loss) from continuing operations     58.304   33.648
           
Net income from sold assets and liabilities 40   26.917   166.252

 of which non-recurring items

41 95.808   209.679  
Net profit (loss) for the period     85.221   199.900
           
Minority interests     (56.825)   (48.675)

of which non-recurring items

41 (1.222)   2.899  
Group share of net profit     28.395   151.225
      -    
Eur Notes   Year 2013   Year 2012
Basic earnings per share from continuing operations 43   0,408   1,042
Diluted earnings per share from continuing operations  43   0,408   1,042
Group basic earnings per share  43   0,199   1,042
Group diluted earnings per share 43   0,199   1,042
 

(1) The income statement of the year 2013 and of the year 2012 are represented in accordance with IFRS 5, hence with the exclusion of the results of the Coastal Refining Business, indicated separately under "Net income from sold assets and liabilities", in consideration of the sale of the final portion of the equity investment in ISAB S.r.l., the company that owns the Refinery in Priolo. For more details, please refer to Note 40

ERG S.p.A. - Genova

Paolo Merli

Head of Corporate Finance & Investor Relations

0039 010 2401376

ERG S.p.A. - Genova

Matteo Bagnara

Investor Relations

0039 010 2401423

ir@erg.it


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