Gross operating margin
The cash flow less the exceptional result and increased with the taxes.
Obtained by the following formula:
I - II + III + IV - V ± VI - VII + XIV - XV, in which
I = Interest and similar profits
II = Interest and similar expenses
III = Profits from shares with variable rate of interest
IV = Received commissions
V = Paid commissions
VI = Profit (loss) from financial transactions
VII = General administrative expenses
XIV = Other operating profits
XV = Other operating expenses
Amounts in euro.