Consolidated income statement

in CHF 000	Note	2020	2019¹
Advertising revenue	4	273 530	356 570
Revenue from classifieds & services	4	252 246	271 611
Revenue from commercialisation and intermediary activities	4	72 408	87 060
Revenue from subscriptions and individual sales	4	241 807	246 078
Print revenue	4	59 855	76 615
Other operating revenue	4	34 125	36 659
Other income	4	1 824	4 955
Revenues		935 795	1 079 548
Costs of material and services	5	(160 257)	(188 839)
Personnel expenses	6	(442 406)	(458 468)
Other operating expenses	7	(207 309)	(251 935)
Share of net income / (loss) of associates / joint ventures	8	4 796	16 466
Operating income / (loss) before depreciation and amortisation (EBITDA)		130 619	196 773
Depreciation and amortisation	9	(47 298)	(41 545)
Operating income / (loss) before effects of business combinations (EBIT adj.)		83 322	155 228
Amortisation resulting from business combinations	9	(69 181)	(60 061)
Impairment	9	(85 000)	(24 730)
Operating income / (loss) (EBIT)		(70 859)	70 438
Financial income	10	5 229	30 098
Financial expense	10	(25 832)	(5 672)
Income / (loss) before taxes		(91 462)	94 863
Income taxes	11	(3 180)	2 895
Net income / (loss)		(94 642)	97 758
of which
attributable to TX Group shareholders		(112 298)	64 760
attributable to non-controlling interests	14	17 656	32 998

1 The structure of revenues in the consolidated income statement has been adjusted. Additionally, external salaries are now reported as services in the "Costs of materials and services" item. Other (individually not material) adjustments to the disclosure in operating expenses have been made. The previous year's figures were adjusted accordingly.