Financial statements

Income statement

INCOME STATEMENT (Euros) NOTES 31/12/2018 31/12/2017
I - OPERATING INCOME
1 - Net sales revenue (Note 18) 87.675.733 95.394.639
4 - Other operating income 226.495 228.438
Total operating income 87.902.227 95.623.077
II - OPERATING EXPENSES
1 - Consumption of goods, other materials and services (Note 19) (-)10.298.110 (-)10.016.497
2 - Staff costs (Note 20) (-)15.446.743 (-)14.195.890
a) Wages, salaries and similar (-)12.755.655 (-)11.528.474
b) Social security and other welfare costs (-)2.019.084 (-)1.882.608
c) Other staff costs (-)672.004 (-)784.808
3 - Amortisation and depreciation and gains/losses on sale or retirement (-)22.706.053 (-)26.856.679
a) Amortisation and depreciation (-)21.721.522 (-)25.942.003
c) Gains/losses on sale or retirement ofassets (-)914.676 (-)1.645.846
4 - Impairment of current assets (-)387.567 318.761
a) Inventories (-)54.633 857.321
b) Loans and receivables 84.678 499.101
c) Other (-)417.612 (-)1.037.661
5 - Other operating expenses (-)15.346.691 (-)17.189.140
a) Leases and fees (-)292.478 (-)243.499
b) Repairs and maintenance (-)8.995.401 (-)9.908.937
c) Independent professional services (-)2.429.993 (-)2.527.156
d) Insurance policies (-)313.697 (-)361.625
e) Advertising and PR services (-)654.483 (-)738.103
f) Utilities (-)1.182.235 (-)1.348.107
g) Taxes other than income tax (-)58.939 (-)136.992
h) Other external services (-)1.419.465 (-)1.924.721
Total operating expenses (-)64.185.164 (-)67.939.445
RESULTAT DE L'EXPLOTACIÓ 23.717.064 27.683.632
III - FINANCIAL INCOME AND EXPENSES (Note 21)
1 - Financial income 1.108.901 973.240
a) From equity investments 76.690 4.460
b) From other financial assets 1.032.211 968.780
3 - Change in fair value of financial instruments held for trading (-)2.706.339 27.410.617
4 - Exchange differences 125.903 (-)113.565
Net financial income/(expense) (-)1.471.535 28.270.292
RESULTAT DE LES OPERACIONS 22.245.529 55.953.924
IV - OTHER NON-RECURRING INCOME AND EXPENSES (Note 22)
1 - Other non-recurring income 80.113 145.831
2 - Other non-recurring expenses (-)2.251.097 (-)108.564
Total other non-recurring income and expenses (-)2.170.984 37.268
EARNINGS BEFORE TAXES 20.074.545 55.951.192
V - CORPORATE INCOME TAX (Note 16) (-)1.596.351 (-)5.039.762
PROFIT/(LOSS) FOR THE YEAR 18.478.194 50.951.429