Page 40 - CODIC 2017/2018 Annual Report

1. ConSolidated finanCial StatementS (Thousands of euros)

30/04/2018 30/04/2017

Sales revenues 137,424 189,188
Cost of sales -91,014 -150,522
Gross margin 46,410 38,666
Other income 296 612
Other income 296 612
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 -1,719 -1,832
Total Companies accounted for using the equity method -1,719 -1,832
Administration and selling expenses -9,487 -9,133
Employee benefits -7,465 -7,137
Depreciation and amortisation charges (-) -390 -361
Other operating expenses (-) -1,632 -1,635
Operating profit (loss) 35,500 28,313
Financial expense (-) -5,022 -4,224
Financial income 72 963
Profit (loss) before tax 30,549 25,052
Tax on income -7,294 -4,308
Profit (lost) for the year and comprehensive income 23,255 20,744
Non-controlling interests 0 0
Comprehensive income attributable to the group 23,255 20,744

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

38 Codic Annual Report 2017/2018