Consolidated results of operations

Our Financial Statements have been prepared in accordance with both International Financial Reporting Standards ('IFRS') as issued by the International Accounting Standards Board ('IASB') and IFRS as adopted by the European Union. The following discussion includes various forward-looking statements. Please see 'Forward-Looking Statements' as well as 'Risk Factors' for a description of certain factors, that may affect our operating results. For additional information about how we calculate customer data, including ARPU, see 'Presentation of Financial and Other Information'.

In millions of euro 2007 2006 2005
Revenues 12,461 11,941 11,811
Other income 171 116 125
Total 12,632 12,057 11,936
       
Own work capitalized -143 -112 -112
Cost of materials 914 900 1,044
Work contracted out and other expenses 4,569 4,314 4,075
Employee benefits 1,632 1,435 1,441
Depreciation, amortization and impairments 2,400 2,614 2,376
Other operating expenses 760 683 764
Total operating expenses 10,132 9,834 9,588
       
Operating profit 2,500 2,223 2,348
Finance costs - net -560 -520 -547
Share of the profit of associates and joint ventures 1 7 13
Profit before taxes 1,941 1,710 1,814
       
Income taxes 708 -127 -360
Profit for the period 2,649 1,583 1,454
Profit (loss) attributable to minority shareholders -3 0 17
Profit attributable to equity holders of the parent 2,652 1,583 1,437
In millions of euro, unless otherwise stated 2007 2006 2005
– Total revenues The Netherlands 8,847 8,478 8,409
– Total revenues Mobile International 3,958 3,817 3,543
– Total revenues Other activities 7 22 182
– Intercompany revenues -351 -376 -323
Total revenues 12,461 11,941 11,811
       
Other income 171 116 125
Total 12,632 12,057 11,936
       
– Operating expenses The Netherlands 7,112 6,746 6,338
– Operating expenses Mobile International 3,314 3,401 3,420
– Operating expenses 'Other' 57 63 153
– Intercompany expenses -351 -376 -323
Total operating expenses 10,132 9,834 9,588
       
Operating profit 2,500 2,223 2,348
Operating profit The Netherlands 1,901 1,771 2,087
Operating profit Mobile International 646 418 148
Operating profit 'Other' (including intercompany) -47 34 113