Income statement

In euros	Notes	2009	2008	Change
A. Revenue
1. Revenue from sales and services	1	1,253,209,420	1,151,965,436	101,243,984
of which from related parties		1,303,984,808	1,421,383,510	-117,398,702
2. Other revenue and income	2	42,014,718	44,115,212	-2,100,494
of which from related parties		2,362,640	4,028,935	-1,666,295
Total revenue		1,295,224,138	1,196,080,648	99,143,490
B.Operating expenses
1. Raw materials and consumables	3	17,761,536	11,837,019	5,924,517
of which to related parties		127,032	30,885	96,147
2. Services	4	126,298,390	110,672,390	15,626,000
of which to related parties		7,944,583	10,028,635	-2,084,052
3. Personnel expense	5	182,288,425	201,161,582	-18,873,157
- gross personnel expense		244,066,884	254,092,509	-10,025,625
- capitalised personnel costs		-61,778,459	-52,930,927	-8,847,532
of which to related parties		3,352,215	2,068,775	1,283,440
4. Amortisation, depreciation and impairment losses	6	296,288,921	255,304,617	40,984,304
5. Other operating expenses	7	18,220,056	19,851,463	-1,631,407
of which to related parties		626,025	493,449	132,576
Total expenses		640,857,328	598,827,071	42,030,257
A-B Operating profit		654,366,810	597,253,577	57,113,233
C.Financial income/expense
1. Financial income	8	31,420,051	21,597,608	9,822,443
of which from related parties		5,333,666	0	5,333,666
2. Financial expense	8	-180,531,811	-145,708,480	-34,823,331
of which to related parties		1,318,345	17,614	1,300,731
D.Profit before taxes		505,255,050	473,142,705	32,112,345
E. Income taxes	9	179,443,183	174,623,989	4,819,194
F. Profit for the year from continuing operations		325,811,867	298,518,716	27,293,151
G. Profit for the year from discontinued operations and assets held for sale	10	464,231,668	36,772,272	427,459,396
H.Profit for the year		790,043,535	335,290,988	454,752,547

Statement of comprehensive income

In euros	Notes	2009	2008	Change
Profit for the year		790,043,535	335,290,988	454,752,547
Other components of comprehensive income
Cash flow hedges net of tax effect	22	-11,938,311	-47,427,361	35,489,050
Comprehensive income for the year		778,105,224	287,863,627	490,241,597

Income statement

2009 of Terna

Directors’ Report

Electricity System

Financial statements

Consolidated Financial Statements