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Income Statement

Euro million 2002/20031    

 2003/20042    

 2004/20053    

 2005/2006     

 2006/2007     
Sales
1,3584, 5
1,5684, 5
1,8644, 5
2,1704, 5
2,2594, 5
Cost of materials
873     
1,041     
1,235     
1,434     
1,501     
Personnel expenses
215     
250     
295     
280     
303     
EBITDA
359     
209     
287     
370     
359     
Depreciation
102     
154     
131     
147     
144     
EBITA
257     
55     
156     
223     
216     
Goodwill amortisation
13     
14     
-2     
22     
1     
EBIT
244     
41     
158     
201     
215     
EBT
184     
-23     
80     
128     
139     
Annual net surplus
159     
-38     
41     
64     
126     
Annual net surplus after minority interests
152     
-44     
28     
50     
109     

      1 including income from sale of GVS shares and expenses on measures to enhance competitiveness

      2 including expenses for streamlining of portfolio and restructuring measures

      3 starting in the 2005/06 financial year: initial recognition of put option at Stadtwerke Kiel AG (previous year's figure adjusted)

      4 excluding energy taxes

      5 energy trading sales reported net, i.e. only showing the gross margin actually realised