Table 1 - Reclassified consolidated income statement
| (€’000) | Note (*) | 1st half 2016 | 1st half 2015 (§) | Variation |
|---|---|---|---|---|
| Revenue | 2,568,597 | 2,137,187 | 431,410 | |
| Other income | 70,893 | 63,888 | 7,005 | |
| Total revenue | 31 | 2,639,490 | 2,201,075 | 438,415 |
| Operating expenses (°) | 32 | (2,397,330) | (1,973,608) | (423,722) |
| Gross operating profit | 242,160 | 227,467 | 14,693 | |
| Gross operating profit margin % | 9.2% | 10.3% | ||
| Amortisation and depreciation | 32 | (123,525) | (101,024) | (22,501) |
| Operating profit | 118,635 | 126,443 | (7,808) | |
| Return on Sales % | 4.5% | 5.7% | ||
| Financing income (costs) and gains (losses) on investments | ||||
| Net financing costs | 33 | (44,612) | (26,798) | (17,814) |
| Net gains on investments | 34 | 7,413 | 1,212 | 6,201 |
| Net financing costs and net gains on investments | (37,199) | (25,586) | (11,613) | |
| Profit before tax | 81,436 | 100,857 | (19,421) | |
| Income tax expense | 35 | (31.769) | (35.463) | 3,694 |
| Profit from continuing operations | 49,667 | 65,394 | (15,727) | |
| Loss from discontinued operations | 18 | (20.418) | (5.096) | (15.322) |
| Profit for the period | 29,249 | 60,298 | (31,049) | |
| Non-controlling interests | (18,026) | (7,269) | (10,757) | |
| Profit for the period attributable to the owners of the parent | 11,223 | 53,029 | (41,806) |
(*) The note numbers refer to the notes to the condensed interim consolidated financial statements where the items are analysed in detail.
(°) They include provisions and impairment losses of €3,090 thousand.
§) The income statement for the first half of 2015 was restated to comply with IFRS 5 given the disposal scope of Todini Costruzioni Generali Group. The figures in this column do not include Lane acquired on 4 January 2016.