Pirelli & C.

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Consolidated income statement

Consolidated income statement (in thousands of euro)

20092008
of which related partiesof which related parties
29 Revenues from sales and services 4,462,207 154,609 4,660,175 138,093
30 Other income 174,915 175,928
- of which non-recurring events 5,900 17,000
Change in inventories of work in process, semi-finished and finished products (116,921) 115,372
Raw materials and consumables (net of change in inventories) (1,399,399) (1,832,699)
31 Personnel expenses (1,053,732) (12,699) (1,174,851) (3,097)
- of which non-recurring events (58,673) (132,352)
32 Amortization, depreciation and impairments (231,455) (218,555)
- of which non-recurring events (8,000) (7,100)
33 Other expenses (1,620,896) (37,129) (1,687,569) (42,862)
- of which non-recurring events (18,826) (4,764)
Increase in property, plant and equipment from internal work 2,681 5,454
Operating income 217,400 43,255
34 Net income from equity investments (56,735) (366,493)
34,1 - share of net income of associates and joint ventures (61,160) (61,160) (175,677) (175,677)
34,2 - gains on equity investments 33,424 23 55,546
34,3 - losses on equity investments (36,700) (281,687)
34,4 - dividends 7,701 35,325
35 Financial income 372,950 30,355 524,609 34,064
36 Financial expenses (458,304) (10,940) (604,698) (164)
Net income before income taxes 75,311 (403,327)
37 Income taxes (97,897) (72,620)
Net income from continuing operations (22,586) (475,947)
38 Net income from discontinued operations - 63,421
Net income for the period (22,586) (412,526)
Attributable to:
Equity holders of the parent company 22,745 (347,502)
Minority interests (45,331) (65,024)
39 Earnings/(losses) per share (euro per thousand shares)
Basic earnings per share
- continuing operations 4.24 (70.65)
- discontinued operations - 5.74
4.24 (64.91)
Related party transactions in respect of the individual line items in the financial statements are presented in Note 42 of the Explanatory Notes to which the reader is referred.
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