Tiscali 2009 Annual Report Download - page 38

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37
Economic position
CONSOLIDATED INCOME STATEMENT 2009
2008
Restated* Change % Change
(EUR mln)
Revenues 290.4 325.1 (34.7) (10.7%)
Other income 3.1 5.3 (2.2) (41.3%)
Purchase of materials and outsourced services 159.1 195.7 (36.7) (18.7%)
Payroll and related costs 39.2 51.1 (11.9) (23.2%)
Other operating costs 7.1 (2.4) 9.4 n.d.
Gross operating result (Adjusted EBITDA) 88.1 85.9 2.2 2.6%
Write-downs of receivables from customers 17.9 17.1 0.8 4.8%
Stock option plan cost 0.5 2.9 (2.4) (83.9%)
Gross operating result (EBITDA) 69.7 65.9 3.8 5.8%
Restructuring costs, provisions for risk reserves
and write-downs 11.7 27.3 (15.5) (57.0%)
Amortisation/depreciation 46.7 52.8 (6.2) (11.7%)
Operating result 11.4 (14.2) 25.6 179.9%
Share of results of equity investments valued
using the equity method - (0.1) 0.1 (67.5%)
Net financial income (charges) (13.9) (88.4) 74.5 (84.3%)
Pre-tax result (2.6) (102.7) 100.1 (97.5%)
Income taxes (12.1) (25.0) 12.9 51.5%
Net result from operating activities (on-going) (14.7) (127.7) 113.0 88.5%
Result from assets disposed of and/or destined
for disposal (372.3) (143.4) (229.0) (159.7%)
Net result (387.0) (271.1) (115.9) (42.8%)
Minority interests (2.2) (28.4) (26.2) 92.3%
Group Net Result (384.8) (242.7) (142.1) (58.5%)
Report on operations