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Financial statements

PARENT COMPANY FINANCIAL STATEMENTS AND NOTES

5.4.2. INCOME STATEMENTS (in millions of euros) Notes 2011 Net 2012 Net OPERATING REVENUES Sales of goods and services 725 753 NET REVENUE (20) 725 753 Own work capitalized 6 12 Reversals of depreciation, amortization and provisions and expense transfers 31 11 Other income -5 TOTAL OPERATING INCOME 762 781 OPERATING EXPENSES Purchases of goods for resale --Purchases of raw materials and supplies --Other purchases and external charges (19) 489 529 Taxes other than on income 14 15 Wages and salaries 95 92 Payroll taxes 40 40 Depreciation, amortization and provision expense w Depreciation and amortization of fixed assets (4) 21 24 w Additions to provisions for fixed assets 6 1 w Additions to provisions for current assets 2 2 w Additions to provisions for contingencies and charges 11 23 Other expenses (21) 4 8 TOTAL OPERATING EXPENSES 682 734 OPERATING PROFIT 80 47 JOINT VENTURES Share of profits from non-managed joint ventures or transferred losses ofmanaged joint ventures --Share of losses of non-managed joint ventures and transferred profits frommanaged joint ventures --FINANCIAL INCOME Income from investments in subsidiaries and affiliates (18) 1,023 217 Income from investment securities and long-term loans 1 -Other interest income (18) 33 29 Provision reversals and expense transfers 126 65 Foreign exchange gains 18 42 TOTAL FINANCIAL INCOME 1,201 353 FINANCIAL EXPENSES Amortization and provisions – financial assets 348 785 Interest expense (18) 186 165 Foreign exchange losses 18 43 TOTAL FINANCIAL EXPENSES 552 993 NET FINANCIAL INCOME (EXPENSE) (22) 649 (640) RECURRING INCOME (EXPENSE) BEFORE TAX 729 (593)