Income statement

  20112012
(€ million) Note Total of which with related parties Total of which with related parties
REVENUES

Net sales from operations (No.32) 12.593 2.613 13.369 2.172
Other income and revenues (No.33) 38 3 17 -
Total revenues 12.631 13.386
Operating expenses
Purchases, services and other costs (No.34) (8.749) (209) (9.138) (181)
Payroll and related costs (No.35) (1.750) (2.041)
Depreciation, amortisation and impairment (No.36) (642) (726)
Other operating income (expense) (No.37) 3 3 - -
OPERATING PROFIT 1.493 1.481
Finance income (expense)
Finance income 524 4 346 2
Finance expense (586) (93) (568) (109)
Derivative financial instruments (71) (62) 74 72
Total finance income (expense) (No.38) (133) (148)
Income (expense) from investments
Share of profit of equity-accounted investments 16 17
Other gain (loss) from investments 3 (1)
Total income (expense) from investments (No.39) 19 16
PROFIT BEFORE INCOME TAXES 1.379 1.349
Income taxes (No.40) (392) (393)
NET PROFIT 987 956
Attributable to:
- Saipem 921 902
- minority interest (No.41) 66 54
Earnings per share attributable to Saipem (€ per share)
Basic (No.42) 2,10 2,05
Diluted (No.42) 2,09 2,05

Statement of comprehensive income

(€ million) Dec. 31, 2011 Dec. 31, 2012
Net profit for the year 987 956
Other items of comprehensive income:    
- change in the fair value of cash flow hedges (1) (69) 131
- investments carried at fair value (1) -
- exchange rate differences arising from the translation into euro of financial statements currencies other than euro 45 (33)
- income tax relating to other items of comprehensive income 6 (24)
Other items of comprehensive income (19) 74
Total comprehensive income 968 1.030
Attributable to:    
- Saipem Group 897 979
- minority interest 71 51
(1) The change in the fair value of cash flow hedges relates almost exclusively to transactions with the parent company Eni.