4.19
Company income statement

(in thousands of euro)

  Notes 2020 2019
 
Net turnover
 
-
-
       
Personnel expenses 4.20.10 -2,437 -2,390
Net impairment losses on financial assets   2,107 -
Other expenses 4.20.11 -2,566 -2,894
Total operating expenses
 
-2,896
-5,284
       
Operating profit
 
-2,896
-5,284
       
Financial income   11,733 4,851
Financial expenses   -10,992 -1,944
Net finance cost
4.20.12
741
2,907
       
Profit before taxes
 
-2,155
-2,377
       
Income tax expense 4.20.2 19,079 22,611
Income from subsidiaries, net of tax   46,627 -9,542
Reclassification of foreign currency translation reserve 4.20.4 1,278 -7,888
       
Net profit
 
64,829
2,804

The reference numbers following the various items refer to the notes to the company financial statements. The explanatory notes form an integral part of the financial statements.