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Rothschild & Co | Annual Report 2017
V Notes to the Company income statement
R&Co ended the December 2017 financial period with net income of €121.8 million compared with €60.7 million the prior year.
The December 2017 financial period had dividend income of €123.7 million and a realised-gain from the €3.0 million disposal of equity securities.
The company made a profit on ordinary activities before tax of €110.4 million in 2017, compared with €58.9 million in 2016/2017.
Note 12 – Operating income
In thousands of euro
01/04/17
31/12/17
(9 months)
01/04/16
31/03/17
(12 months)
Expenses re-billed to related companies
2,306
3,457
Other operating income
303
442
TOTAL
2,608
3,899
Note 13 – Operating expenses
In thousands of euro
01/04/17
31/12/17
(9 months)
01/04/16
31/03/17
(12 months)
General and administrative costs
11,250
16,826
Taxes other than on income
1,805
2,797
Salaries and payroll taxes
2,852
4,801
Depreciation and amortisation
238
151
Other expenses
281
334
TOTAL
16,425
24,909
Note 14 – Income from investments in Group and other companies and portfolio holdings
In thousands of euro
01/04/17
31/12/17
(9 months)
01/04/16
31/03/17
(12 months)
Dividends from investments in Group and other companies
122,326
78,173
Dividends from portfolio holdings
1,386
1,859
TOTAL
123,712
80,032
Note 15 – Other interest income
In thousands of euro
01/04/17
31/12/17
(9 months)
01/04/16
31/03/17
(12 months)
Interest income on forward contracts and certificates of deposit
57
93
Interest income from advances granted to Group companies
901
202
Other
156
639
TOTAL
1,114
934
Note 16 – Capital gains/(losses) on disposals of marketable securities
In thousands of euro
01/04/17
31/12/17
(9 months)
01/04/16
31/03/17
(12 months)
Capital gains on sales of marketable securities
100
106
Capital losses on sales of marketable securities
(16)
(46)
TOTAL
83
60
Notes to the Company financial statements