Consolidated income statement

x 1 million

Note

2022

2021

Net revenue

4

1,316

1,265

Other income

5

17

14

Total net revenue and other income

1,333

1,279

Personnel expenses

6

453

436

Cost of sales and contracted work

7

499

357

Other operating expenses

8

165

209

Capitalised own production

9

-216

-207

901

795

Depreciation, amortisation and impairment of non-current assets

10

346

360

Total operating expenses

1,247

1,155

Operating profit

86

124

Financial income and expenses

11

-30

-93

Result from associates and joint ventures after income tax

3

1

Profit before income tax

59

32

Income tax

12

-15

-11

Result after income tax

44

21

Profit distribution:

Profit after income tax attributable to holders of Stedin Holding N.V. perpetual subordinated bonds (after income tax)

46

6

17

Profit after income tax attributable to the shareholders of Stedin Holding N.V.

46

38

4

Result after income tax

44

21