Spreadsheet: 049fd6f6-ca64-4a4c-9f44-1f1980cb1346
Sheet: Pro forma Income Statement

 | H110 | H210 | 2010 | H111 | H211 | 2011 | H112
Pro forma income statement | €million | €million | €million | €million | €million | €million | €million
Continuing operations
Sports betting | 128.1 | 130.5 |  | 125.7 |  | 259.7 | 128.1
Casino and Games | 121.9 | 119.1 |  | 124.3 |  | 262.7 | 139.7
Poker | 116.5 | 109.8 |  | 104.9 |  | 209.7 | 96.39999999999999
Bingo | 36 | 35.30000000000001 |  | 33 |  | 63.7 | 31.5
Net revenue
Other revenue | 7.6 | 9.2 |  | 10.1 |  | 20.2 | 14.3
Total revenue
Cost of sales | -15.10000000000002 | -26.79999999999998 |  | -32.7 |  | -69.4 | -37
Gross profit
Other operating income (expense) | 0 | 0.2 |  | 0 |  | 0.7 | 0.4
Transaction fees | -22 | -20.5 |  | -20.9 |  | -43.1 | -22.4
Staff costs | -64.7 | -66.1 |  | -67 |  | -130.2 | -64
Outsourced services | -9.5 | -13.1 |  | -13.5 |  | -20.4 | -14.4
Other overheads | -39.1 | -49.4 |  | -36.4 |  | -72.9 | -34.2
Clean EBITDA administrative expenses
Customer acquisition and retention | -91.5 | -80.60000000000001 |  | -83.4 |  | -148.3 | -82.9
Affiliates | -33.9 | -30.8 |  | -33.7 |  | -69.7 | -30.1
Customer bad debts | -4 | -2.5 |  | -3.6 |  | -8.4 | -2.7
Third-party content | -17.2 | -14.6 |  | -14.3 |  | -33.3 | -17.7
Webhosting and technical services | -9 | -10.6 |  | -10.6 |  | -21.7 | -12.7
Clean EBITDA distribution expenses
Clean EBITDA
Cost of sales - Spanish back taxes | 0 | 0 |  | 0 | 0 | 0 | -31.5
Other operating income (expense) - exchange gains (losses) | 1.1 | 2.6 |  | -2.1 |  | -4.7 | -2.1
Other operating income (expense) - merger and acquisition costs | -1.2 | -10.7 |  | -16.9 |  | -17.4 | -0.1
Administrative expenses - amortisation | -31.1 | -29.9 |  | -60.8 |  | -132.5 | -52.1
Administrative expenses - depreciation | -7.3 | -7.699999999999999 |  | -7.2 |  | -20.9 | -8.7
Administrative expenses - impairment (losses) reversal of losses | 0 | -0.1 |  | -15.3 |  | -408.7 | 0
Administrative expenses - share-based payments | -6.3 | -10.7 |  | -7.5 |  | -12.5 | -9.4
Administrative expenses - reorganisation costs | 0 | -0.7 |  | -2.2 |  | -6.4 | -2.4
Profit (loss) from operating activities
Net finance income (expense) | -1 | -1.2 |  | -3.1 |  | -2.699999999999999 | -3.3
Share of profit (loss) of associate | -0.3 | -2.9 |  | -1.8 |  | -1.3 | 2
Profit (loss) before tax
Tax | -1.6 | 1.5 |  | 6.7 |  | 7.6 | 1.100000000000001
Profit (loss) after tax from Continuing operations
Profit (loss) after tax from Discontinued operations | -21.4 | -13.9 |  | -11.7 |  | -21.1 | -7.099999999999999
Profit (loss) for the year
Equity holders of the parent
Non-controlling interests | 0 | -2.4 |  | -1.8 |  | -2.8 | -0.5
Profit (loss) for the year
Proforma net revenue | H110 | H210 | 2010 | H111 | H211 | 2011 | H112
Sports betting
Casino and Games
Poker
Bingo
Net revenue
Proforma clean EBITDA margins  (cost / total revenue) | H110 | H210 | 2010 | H111 | H211 | 2011 | H112
Clean EBITDA
Transaction fees
Staff costs
Outsourced services
Other overheads
Clean EBITDA administrative expenses
Customer acquisition and retention
Affiliates
Customer bad debts
Third-party content
Webhosting and technical services
Clean EBITDA distribution expenses
Basic EPS | H110 | H210 | 2010 | H111 | H211 | 2011 | H112
 | €million | €million | €million | €million | €million | €million | €million
Continuing profit (loss) for the year - equity holders of the parent
Reorganisation expenses
Merger and acquisition costs
Retroactive taxes and associated charges | 0 | 0 |  | 0 | 0 |  | 31.5
Exchange differences
Share-based payments
Amortisation on acquired intangible assets |  |  |  | 59.3 |  |  | 50
Tax on amortisation on acquired intangible assets |  |  |  | -9.9 |  |  | -6.2
Impairment on acquired intangible assets | 0 | 0 |  | 15.3 |  |  | 0
Tax on impairment on acquired intangible assets | 0 | 0 |  | -3.6 |  |  | 0
Continuing Clean net earnings exc amortisation on acquisitions
Discontinued profit (loss) for the year
Unwinding of NPA discount |  |  |  | 0.4 | -0.4 |  | 0
Merger and acquisition costs | 0 | 0 |  | 0 | 0.3 |  | -0.1
Exchange differences | 4.3 |  |  | -0.6 |  |  | 0.4
Share-based payments | 0.5 |  |  | 0 | 0.2 |  | 0.1
Clean net earnings exc amortisation on acquisitions
Weighted average number of shares
Basic (m) | 843.9 | 847.9 | 845.5 | 848 | 843 | 845.5 | 820.6
Basic EPS (€ cents)
Standard
Standard Clean exc amortisation and impairments on acquisitions
Continuing
Continuing Clean exc amortisation and impairments on acquisitions
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