Page 84 - KELAG Annual Report 2019
P. 84

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.
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