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96 being focused: being better
Discounting the suspension of depreciation and its positive effect on the operative result, the
loss from the disposal of discontinued operations would have been 27,995 thousand euros.
The operative business of the operations sold developed as follows:
2002 2001
‘000 euros ‘000 euros
Revenue 322,436 347,235
Other expenses 304,223 – 341,143
Effect of suspending depreciation 11,750 0
EBIT 29,963 6,092
Net interest – 13,794 – 13,645
EBT 16,169 – 7,553
Taxes 915 – 3,336
Taxes from suspension of depreciation – 3,536 0
Results after tax 13,548 – 10,889
The operative business of other discontinued operations developed as follows:
2002 2001
‘000 euros ‘000 euros
Revenues 33,713 40,806
Other expenses 63,688 – 43,237
EBIT – 29,975 – 2,431
Net interest – 1,289 – 963
EBT – 31,264 – 3,394
Taxes – 1,527 – 901
Result after taxes – 32,791 – 4,295
Losses from remaining discontinued operations include expenses from extraordinary amortization
of goodwill and licenses totaling 9,598 thousand euros. Impairment testing resulted in a
further writedown of 7,703 thousand euros.
Results from other discontinued operations include research and development costs of
8,015 thousand euros, as well as income from a grant totaling 1,300 thousand euros.