Edison Group
Consolidated Income Statement at December 31, 2005
(in millions of euros) See note 2005 2004
Sales revenues 19 6,650 5,627
Other revenues and income 20 588 855
Total net revenues   7,238 6,482
       
Raw materials and services used (-) 21 (5,682) (4,716)
Labor costs (-) 22 (250) (291)
EBITDA 23 1,306 1,475
       
Depreciation, amortization and writedowns (-) 24 (657) (660)
EBIT   649 815
       
Net financial income (expense) 25 (219) (310)
Income from (Expense on) equity investments 26 23 (15)
Other income (expense), net 27 (17) 20
Profit before taxes   436 510
       
Income taxes 28 (16) (88)
Profit (Loss) from continuing operations   420 422
       
Profit (Loss) from discontinued operations 29 86 -
Profit (Loss)   506 422
Di cui:      
Minority interest in profit (loss)   6 68
Group interest in profit (loss)   500 354
Earnings per share (in euros) 30    
basic   0.1165 0,0829
diluited   0.1060 0,0768
Cash Flow Statement for the Year Ended December 31, 2005
The table below presents a consolidated cash flow statement for 2005 and provides a comparison with the corresponding data for 2004. The information provided below is supplemented by the data presented in a separate statement, included in the Report on Operations, which shows the changes in net financial position. The latter statement is designed to offer a better understanding of the Group's cash generation and utilization dynamics.
(in millions of euros) 2005 2004
  Group interest in profit (loss) 500 354
  Minority interest in profit (loss) 6 68
  Amortization and depreciation 579 552
  Interest in the result of companies valued by the equity method (-) (3) -
  Dividends received from companies valued by the equity method - 1
  (Gains) Losses on the sale of non-current assets (137) (59)
  (Revaluations) Writedowns of intangibles and property, plant and equipment 78 108
  Change in the provision for employee severance indemnities (2) (4)
  Change in other operating assets and liabilities (478) 191
A. Cash flows from continuing operations 543 1,211
       
  Additions to intangibles and property, plant and equipment ( - ) (644) (779)
  Additions to non-current financial assets ( - ) (239) (204)
  Proceeds from the sale of intangibles and property, plant and equipment 21 16
  Proceeds from the sale of non-current financial assets 452 226
  Capital grants received during the year 2 5
  Change in the scope of consolidation (92) 7
  Other current assets (11) (47)
B. Cash used in investing activities (511) (776)
       
Receipt of new medium-term and long-term loans 279 600
Redemption of new medium-term and long-term loans
  and reclassification of short-term installments (-) (265) (484)
  Capital contributions provided by controlling companies or other shareholders 18 52
  Dividends paid to controlling companies or minority shareholders (-) (11) (82)
  Change in short-term debt (150) (730)
C. Cash used in financing activities (129) (644)
       
D. Net currency translation differences - -
       
E. Net decrease in cash and cash equivalents (A+B+C+D) (97) (209)
       
F. Cash and cash equivalents at beginning of period 458 667
       
G. Cash and cash equivalents at end of period (F+G) 361 458
       
H. Total cash and cash equivalents at end of period 361 458