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13
FINANCIAL STATEMENTS AND MANAGEMENT REPORT 2015
(Continuation)
Read with the accompanying explanatory notes.
Madrid, February 24
th
, 2016.
Thousands of euros
INCOME STATEMENT FOR THEYEARS ENDED DECEMBER 31,
2015 AND 2014
Notes
2015
2014
From marketable securities and other financial instruments
2,962
4,965
Of group companies and associates
19
2,962
3,247
Of third parties
669
1,718
Finance cost
(1,892)
(3,037)
Borrowing from group companies and associates
19
(486)
(968)
Third-party borrowings
(1,406)
(2,069)
Exchange gains (losses)
895
620
Impairment and gains (losses) on disposal of financial instruments
16,230
(65,066)
Impairment losses and losses
627
(65,066)
Gains (losses) on disposal and other gains (losses)
15,603
-
FINANCIAL RESULT
86,146
(5,923)
PROFIT BEFORE TAX
195,380
48,009
Income tax
15
(27,976)
11,954
PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS
167,404
59,963
DISCONTINUED OPERATIONS
Profit/(loss) after tax for the year from discontinued operations
-
-
PROFIT FOR THEYEAR
167,404
59,963