4.18
18. Company income statement

(in thousands of euro)

  Notes 2021 2020
       
Net turnover 19.9 2,891 -
       
Personnel expenses 19.10 -3,998 -2,437
Net impairment losses on financial assets   - 2,107
Other expenses 19.11 -1,733 -2,566
Total operating expenses   -5,731 -2,896
       
Operating profit   -2,840 -2,896
       
Financial income   4,446 11,733
Financial expenses   -6,817 -10,992
Net finance cost 19.12 -2,371 741
       
Profit before taxes   -5,211 -2,155
       
Income tax expense 19.2 2,610 19,079
Income from subsidiaries, net of tax   72,575 46,627
Reclassification of foreign currency translation reserve 19.4 - 1,278
       
Net profit   69,974 64,829

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.