Consolidated income statement

x € 1 million	Note	2021	2020

Net revenue	4	1,265	1,216
Other income	5	14	13
Total net revenue and other income		1,279	1,229

Personnel expenses	6	436	409
Cost of sales and contracted work	7	357	317
Other operating expenses	8	209	228
Capitalised own production	9	-207	-188
		795	766
Depreciation, amortisation and impairment of non-current assets	10	360	334
Total operating expenses		1,155	1,100
Operating profit		124	129

Financial income and expenses	11	-93	-56
Result from associates and joint ventures after income tax	12	1	-1
Profit before income tax		32	72

Income tax	13	-11	-30
Result after income tax		21	42

Profit distribution:
Profit after income tax attributable to holders of Stedin Holding N.V. perpetual subordinated bonds (after income tax)		17	12
Profit after income tax attributable to the shareholders of Stedin Holding N.V.		4	30
Result after income tax		21	42

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