Discontinued activity
Due to the classification as at 31 December 2020 of the assets and liabilities of the subsidiary as a disposal group, as further discussed in Notes 19 and 36 of these consolidated financial statements, the comparable figures have been adjusted accordingly to present the result from discontinued operations, as presented in the table below.
Discontinued activity
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| Year ended 31 December 2019 (approved figures) |
Discontinued operations |
Year ended 31 December 2019 (restated figures) |
|
|---|---|---|---|
| Sales revenue | 19,558,292 | (445,956) | 19,112,336 |
| Recompensation revenue | 952,650 | – | 952,650 |
| Cost of sales | (19,264,536) | 335,590 | (18,928,946) |
| Profit on sale | 1,246,406 | (110,366) | 1,136,040 |
| Selling and distribution expenses | (499,171) | 3,031 | (496,140) |
| Administrative expenses | (658,664) | 24,711 | (633,953) |
| Other operating income and expenses | 158,936 | (13,782) | 145,154 |
| Share in profit/(loss) of joint ventures | 47,947 | – | 47,947 |
| Operating profit | 295,454 | (96,406) | 199,048 |
| Interest expense on debt | (250,800) | 2,019 | (248,781) |
| Finance income and other finance costs | (60,022) | (2,989) | (63,011) |
| Loss before tax | (15,368) | (97,376) | (112,744) |
| Income tax expense | 3,685 | 14,862 | 18,547 |
| Net loss on continuing operations | (11,683) | (11,683) | (94,197) |
| Net profit on discontinued operations | – | 82,514 | 82,514 |
| Net loss | (11,683) | – | (11,683) |
| Measurement of hedging instruments | 15,179 | – | 15,179 |
| Foreign exchange differences from translation of foreign entity | 505 | – | 505 |
| Income tax | (2,884) | – | (2,884) |
| Other comprehensive income on continuing operations to be reclassified in the financial result | 12,800 | – | 12,800 |
| Actuarial gains (losses) | (140,320) | 3,056 | (137,264) |
| Income tax | 26,654 | (581) | 26,073 |
| Share in other comprehensive income of joint ventures | (987) | – | (987) |
| Other comprehensive income on continuing operations not to be reclassified in the financial result | (114,653) | 2,475 | (112,178) |
| Other comprehensive income on discontinued operations | – | (2,475) | (2,475) |
| Other comprehensive income, net of tax | (101,853) | – | (101,853 |
| Total comprehensive income | (113,536) | – | (113,536) |