Profit & Loss*

(x €1,000) 2012 2011
Continuing operations
Revenue 907,246 893,152
Purchased services and materials -355,418 -372,966
Gross profit 551,828 520,186
 
Other operating income 18,976 11,873
 
Personnel expenses -471,385 -450,788
Depreciation and amortisation expenses -31,548 -31,486
Other operating expenses -74,964 -71,318
Results from operating activities -7,093 -21,533
 
Finance income 763 666
Finance costs -17,114 -3,027
Foreign exchange result -762 -40
Net finance costs -17,113 -2,401
 
Share of results of associates (net of income tax) 204 -112
Profit before income tax -24,002 -24,046
 
Income tax expense -7,637 503
Profit from continuing operations -31,639 -23,543
 
Profit attributable to:
Equity holders of Hertel -32,939 -21,787
Non-controlling interest 1,300 -1,756
Profit for the period -31,639 -23,543

* These financial statements have been audited by Ernst & Young Accountants LLP, who have provided an unqualified audit opinion.