Income statement

In euros   Notes  2012  2011 
A. REVENUE      
1. Revenue from sales and services 1 1,571,587,371 1,515,963,890
of which: related parties   1,329,485,410 1,505,504,944
2. Other revenue and income 2 88,232,458 37,957,250
of which: related parties   23,943,015 1,138,348
Total revenue   1,659,819,829 1,553,921,140
B. OPERATING EXPENSES      
1. Raw materials and consumables 3 19,158,663 34,095,767
of which: related parties   - 2,713
2. Services 4 314,702,350 165,829,664
of which: related parties   236,957,848 4,156,148
3. Personnel expenses 5 81,864,726 214,240,270
- gross personnel expenses   100,406,161 278,496,018
- personnel expenses, capitalised   (18,541,435) (64,255,748)
of which: related parties   1,133,842 2,754,498
4. Amortisation, depreciation and impairment 6 373,657,290 348,882,118
5. Other operating expenses 7 41,297,358 18,078,990
of which: related parties   - 329,064
Total operating expenses   830,680,387 781,126,809
A-B Operating profit (EBIT)   829,139,442 772,794,331
C. Financial income/expense      
1. Financial income 8 168,958,289 157,668,834
of which: related parties   19,576,720 20,693,596
2. Financial expense 8 (188,308,377) (166,480,603)
of which: related parties   (12,046,393) (10,898,440)
D. Profit before taxes   809,789,354 763,982,562
E. Income taxes 9 346,555,940 344,213,830
F. Profit for the year from continuing operations   463,233,414 419,768,732
G. Profit for the year from discontinued operations and assets held for sale 10 - 33,818,822
H. Profit for the year   463,233,414 453,587,554
* For FY 2011, the amounts include all related party transactions; for FY 2012, as envisaged by IAS 24R, the amounts connected with related parties, as concerns operations between "government related entities" refer to the relations that have a significant impact on the results of Terna S.p.A.; differently to that stated in the disclosure as at 31 December 2011, no information is therefore given in connection with insignificant operations over and above "pass-through items".