Ordina : Consolidated income statement for 2008

Consolidated income statement for 2008

	Notes	2008	2007

Revenue	6	696,473	665,402

Cost of hardware and software		35,489	22,232
Work contracted out		108,174	93,754
Personnel expenses	23	474,848	430,543
Amortisation	7	24,572	21,280
Depreciation	8	11,099	9,597
Impairment	7/8	72,543	-
Other operating expenses	24	46,811	42,248
Total operating expenses		773,536	619,654

Operating profit		-77,063	45,748

Finance income	25	195	242
Finance costs	25	-5,641	-4,910
Result on disposed subsidiaries	26	-17,575	-
Share of profit of associates	9	133	76

Profit before tax		-99,951	41,156

Income tax expense	27	18,817	-10,762

Net profit for the year		-81,134	30,394
(in euro thousands)