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33 Profit/loss after taxes from discontinued operation

The sale of the GD tower companies was consummated on February 1, 2023. Since then, these companies are no longer included as fully consolidated subsidiaries in the consolidated financial statements. The development presented contains the contributions for 2022 and for the first month of 2023.

The following table provides a breakdown of profit/loss after taxes from the discontinued operation:

Profit/loss after taxes from the discontinued operation

millions of €

 

 

 

 

2024

2023

2022

Net revenue

0

15

216

Other operating income

0

12,926

20

Changes in inventories

0

0

9

Own capitalized costs

0

0

25

Goods and services purchased

0

69

756

Personnel costs

0

(6)

(75)

Other operating expenses

0

0

(14)

EBITDA

0

13,004

937

Depreciation, amortization and impairment losses

0

0

(192)

Profit (loss) from operations (EBIT)

0

13,004

745

Finance costs

0

(14)

(42)

Share of profit (loss) of associates and joint ventures accounted for using the equity method

0

0

2

Other financial income (expense)

0

(2)

21

Profit (loss) from financial activities

0

(16)

(18)

Profit (loss) before income taxes

0

12,989

727

Income taxes

0

708

(284)

Profit (loss) after taxes from discontinued operation

0

13,696

443

In 2023, other operating income of EUR 12.9 billion related to the deconsolidation gain realized from the loss of control over the GD tower companies. Income from income taxes resulted from deferred tax effects arising in connection with the concluded sale-and-leaseback transaction.