Page 36 - CODIC 2016/2017 - Annual report

1. ConSolidated finanCial StatementS (Thousands of euros)

30/04/2017 30/04/2016

Sales revenues 189,188 20,117
Cost of sales -150,522 6,452
Gross margin 38,666 26,570
Other income 612 524
Other income 612 524
Loss realised on the sale of companies accounted for using the equity method 0 0
Share in the result of companies accounted for using the equity method -1,832 -558
Total Companies accounted for using the equity method -1,832 -558
Administration and selling expenses -9,133 -6,458
Employee benefits -7,137 -4,508
Depreciation and amortisation charges (-) -361 -426
Other operating expenses (-) -1,635 -1,524
Operating profit (loss) 28,313 20,077
Financial expense (-) -4,224 -3,980
Financial income 963 937
Profit (loss) before tax 25,052 17,034
Tax on income -4,308 -624
Profit (lost) for the year and comprehensive income 20,744 16,410
Non-controlling interests 0 0
Comprehensive income attributable to the group 20,744 16,410

All of the consolidated financial statements, including the annexes, are available at www.codic.eu or from the head office on request.

34 Codic Annual Report 2016/2017