Financial statements

Income statement

INCOME STATEMENT (Euros) NOTES 12/31/2020 12/31/2019
I - OPERATING INCOME
1 - Net sales revenue (Note 18) 76.903.648 88.597.467
4 - Other operating income 242.289 233.099
Total operating income 77.145.937 88.830.566
II - OPERATING EXPENSES
1 - Consumption of goods, other materials and services (Note 19) (-)9.661.119 (-)10.146.040
2 - Staff costs (Note 20) (-)13.603.181 (-)14.567.167
a) Wages, salaries and similar (-)11.325.985 (-)11.786.993
b) Social security and other welfare costs (-)1.796.350 (-)1.869.248
c) Other staff costs (-)480.846 (-)910.926
3 - Depreciation, amortisation and gains/losses on sales or retirement of assets (Note 5) and
(Note 6)
(-)22.417.727 (-)25.808.415
a) Amortisation and depreciation (-)22.172.320 (-)24.749.746
b) Deterioration 1.783 (-)566.741
c) Gains/losses on sale or retirement ofassets (-)247.189 (-)491.928
4 - Impairment of current assets 33.270 (-)185.790
a) Inventories (Note 8) 204.966 (-)43.097
b) Loans and receivables (Note 9) 62.472 60.608
c) Other (-)234.169 (-)203.301
5 - Other operating expenses (-)13.348.276 (-)13.963.673
a) Leases and fees (-)527.362 (-)418.993
b) Repairs and maintenance (-)7.686.662 (-)7.695.815
c) Independent professional services (-)1.782.692 (-)2.166.708
d) Insurance policies (-)293.587 (-)298.543
e) Advertising and PR services (-)546.036 (-)956.978
f) Utilities (-)1.143.848 (-)1.147.745
g) Taxes other than income tax (-)41.248 (-)49.952
h) Other external services (-)1.326.841 (-)1.228.939
Total operating expenses (-)28.997.033 (-)64.671.085
EARNINGS BEFORE INTEREST, NON-RECURRING ITEMS AND TAXES 18.148.904 24.159.481
III - FINANCIAL INCOME AND EXPENSES (Note 21)
1 - Financial income 720.195 1.079.797
a) From equity investments 0 56.690
b) From other financial assets 720.195 1.023.107
3 - Change in fair value of financial instruments held for trading 580.756 2.442.537
4 - Exchange differences 59.715 (-)172.316
5 - Impairment and results from the sale or write-off of financial assets 0 12.478.396
b) Results from sale or deregistration 0 12.478.396
Net financial income/(expense) 1.360.666 15.828.414
OPERATING PROFIT 19.509.570 39.987.895
IV - OTHER NON-RECURRING INCOME AND EXPENSES
1 - Other non-recurring income 141.730 202.878
2 - Other non-recurring expenses (Note 22) (-)710.561 (-)4.576.416
Total other non-recurring income and expenses (-)568.831 (-)4.373.537
EARNINGS BEFORE TAXES 18.940.739 35.614.357
V - CORPORATE INCOME TAX (Note 16.2) (-)1.846.306 (-)2.323.516
PROFIT/(LOSS) FOR THE YEAR 17.094.434 33.290.841