Page 84 - KELAG Annual Report 2019

Revenue // 1 1,300,108 1,284,565
Other income // 2 64,842 56,946
Cost of materials and of purchased services // 3 -902,789 -911,006
Personnel expenses // 4 -165,016 -161,211
Amortisation, depreciation and impairment // 5 -108,088 -94,601
Other expenses // 6 -72,760 -63,933
Profit/loss from investments accounted for using // 12 38,261 22,261
the equity method*
OPERATING RESULT* 154,558 133,020
Finance income // 7 758 867
Finance costs // 7 -16,994 -15,529
EARNINGS BEFORE INCOME TAXES 138,322 118,357
Income taxes // 9 -26,599 -25,041
CONSOLIDATED NET PROFIT 111,723 93,316
Attributable to non-controlling interests 620 1,051
CONSOLIDATED RESULT (ATTRIBUTABLE TO
THE EQUITY HOLDERS OF KELAG) 111,103 92,266

* Unlike in prior years, the profit/loss from investments accounted for using the equity method is recognised in the operating result instead
of the financial result, because the business operations of the significant investments accounted for using the equity method are so similar
to the business operations of KELAG that this presentation provides a better view of the Group’s financial performance.