Table 1.

Longitudinal analysis of Officine Culturali income statement

Income statement31/12/202231/12/202131/12/2020
A) Production value   
1) Revenues from sales and services€ 361.511,00€ 142.358,00€ 183.704
5) Other revenues and income   
Grants for the year€ 25.000,00€ 0,00€ 24.152
Others€ 116.661,00€ 105.683,00€ 26.850
Total other revenues and income€ 141.661,00€ 105.683,00€ 51.002
Total production value€ 503.172,00€ 248.041,00€ 234.706
B) Production costs   
6) Cost of raw materials, consumables and merchandise€ 113.280,00€ 19.749,00€ 10.273
7) Cost of services€ 54.403,00€ 68.179,00€ 114.470
8) Cost of rents and leases€ 1.832,00€ 0,00 
9) Personnel costs   
a) Salaries and wages€ 195.108,00€ 92.238,00€ 61.766
b) Social security and welfare contributions€ 55.948,00€ 16.622,00€ 17.758
c), d), e) Employees’ termination benefits€ 19.959,00€ 6.897,00€ 5.210
c) Directors’ termination benefits€ 16.614,00€ 6.897,00€ 5.210
e) Other personnel costs€ 3.345,00€ 0,00 
Total costs for personnel€ 271.015,00€ 115.757,00€ 84.734
10) Amortisation, depreciation and write-downs   
A), b), c) Amortisation€ 5.538,00€ 4.960,00€ 301
a) Amortisation€ 4.765,00€ 4.765,00€ 250
b) Depreciation€ 773,00€ 195,00€ 51
Total depreciation€ 5.538,00€ 4.960,00€ 301
12) Accruals for provisions€ 18.135,00€ 0,00 
14) Other operating expenses€ 15.498,00€ 16.410,00€ 18.742
Total production costs€ 479.701,00€ 225.055,00€ 228.520
Difference between production value and
production costs (A–B)
€ 23.471,00€ 22.986,00€ 6.186
C) Financial income and expenses   
17) Interest and other financial expenses   
On financing from subsidiaries€ 168,00€ 0,00 
On bonds€ 1.366,00€ 0,00 
Total interest and other financial charges€ 1.534,00€ 0,00 
Net extraordinary gains and losses(€ 1.534,00)€ 0,00 
Net income before income taxes€ 21.937,00€ 22.986,00€ 6.186
20) Current and deferred income taxes   
Current taxes€ 0,00€ 2.799,00€ 5.190
Total current income tax€ 0,00€ 2.799,00€ 5.190
21) Net income (loss)€ 21.937,00€ 20.187,00€ 996
Source: Authors’ elaboration

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