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INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2010

Note 2010 2009

Operating revenues 5.1 338,762,873 349,789,647
17,780,145 107,704,066
Other revenues 5.1 457,493,713
356,543,019
Total operating revenues 47,223,026
43,077,232 65,200,355
Operating expenses 60,789,504
Personnel expenses 3,086,080
Outsourcing expenses 3,367,220 10,544,626
Public relations & marketing expenses 10,114,450
Utility expenses 3,414,411
Insurance premiums 3,456,469 4,242,119
Provision for impairment 138,763 7,834,431
Other operating expenses 141,545,047
Total operating expenses 6,985,895
127,929,533 315,948,666
EBITDA 72,927,548
228,613,486
Depreciation & amortisation charges 5.2 72,169,667 243,021,118

Operating profit 156,443,819 32,038,077
(53,540,082)
Net financial expenses 5.3 47,716,897
Subsidies received for borrowing costs 5.4 (49,819,391) 264,523,122
(82,782,970)
Profit before tax 158,546,314
(61,996,308) 181,740,152
Income tax expense 5.5 96,550,006
6,06
Profit after tax 3,22

Basic earnings per share 5.6

The notes on pages 17 to 49 are an integral part of these financial statements.

Financial Statements as at 31 December 2010 (Amounts in Euros unless otherwise stated) Page 12 of 51