Tiscali 2003 Annual Report Download - page 23

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2424
Revenue and cost performance
Consolidated revenues came in at EUR 901 million, divided among four main business lines: access, which accounts for around 68%
of total revenues, business services (18%), portal services (5%) and voice services (8%).
PROFIT AND LOSS ACCOUNT 31.12.2003 31.12.2003 % CHANGE
Net sales 901,022 748,358 20.4
Cost of goods sold (445,919) (383,602) (16)
Gross profit 455,103 364,756 25
Sales and marketing costs (140,000) (122,832) (14)
Personnel costs (142,066) (140,052) (1.4)
G&A costs (98,308) (100,890) 11
EBITDA 74,729 982 7,509.9
Depreciation, amortisation and write-downs (303,599) (400,813) (24.3)
EBIT (228,870) (399,831) (42.8)
Financial income 53,322 98,066 (45.6)
Financial charges (73,911) (87,932) (15.9)
Miscellaneous income 63,328 92,122 (31.3)
Miscellaneous charges (109,435) (292,306) (62.6)
Pre-tax profit (loss) (295,566) (589,881) (49.9)
Current taxes (2,035) (2,796) (27.2)
Deferred taxes 51,619 (92) (56,207.6)
Profit before minorities (245,982) (592,769) (58.5)
Minorities 3,534 (376) (1,039.9)
Group profit (loss) for the year (242,448) (593,145) (59.1)
0%
20%
40%
60%
80%
100%
120%
FY 2002 FY 2003
Access 69%
Portal 6%
Business services 14%
Voice 7%
Others 3%
Access 68%
Portal 5%
Business services 18%
Voice 8%
Others 1%
Breakdown of revenues by business line