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Boskalis jaarverslagen 2012

Consolidated income statement

(in thousands of EUR)   Note   2014   2013 
             
Operating income            
Revenue   [6]   3,166,888   3,144,048
Other income   [7]   11,296   96,781
        3,178,184   3,240,829
             
Operating expenses            
Raw materials, consumables, services and subcontracted work   [8]   -1,774,745   -2,034,791
Personnel expenses   [9]   -513,991   -507,797
Other expenses       -   -4,701
Depreciation, amortization and impairment losses   [14/15]   -293,514   -293,787
        -2,582,250   -2,841,076
             
Revaluation in stake in associated company prior to business combination   [16]   -   22,716
Share in result of associated companies (after taxation)   [16]   56,411   40,956
             
Operating result       652,345   463,425
             
Finance income and costs            
Finance income   [10]   10,100   4,541
Finance costs   [10]   -46,054   -49,929
        -35,954   -45,388
             
Profit before taxation       616,391   418,037
             
Income tax expense   [11]   -124,163   -52,756
             
Net group profit       492,228   365,281
             
Net group profit attributable to:            
Shareholders       490,290   365,691
Non-controlling interests       1,938   -410
        492,228   365,281
             
Average number of shares   [22.4]   121,606,364   118.445.238
             
Earnings per share   [22.4]   EUR 4,03   EUR 3,09
Diluted earnings per share   [22.4]   EUR 4,03   EUR 3,09
As of 1 January 2014 Boskalis applies IFRS 11 which impacts the way joint ventures and associated companies are recognized. The full year 2013 comparative figures have been adjusted accordingly.

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