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Combined statement of profit or loss and other comprehensive income (unaudited) of Ernst & Young Nederland LLP and Holland Van Gijzen Advocaten en Notarissen LLP14

(for the year ended 30 June 2016)

        2015/2016   2014/2015
        €000   €000
Revenue            
Rendering of services       695,051   683,967
Other income       32,204   25,919
             
        727,255   709,886
Operating expenses            
Services provided by foreign EY member firms and third parties       88,244   85,767
Employee benefits expenses       321,707   301,145
Depreciation and impairment of property, plant and equipment       4,660   5,884
Amortization and impairment of intangible assets       536   369
Other operating expenses       171,305   163,194
             
        586,452   556,359
             
Operating profit       140,803   153,527
             
Finance income       156   243
Finance expenses       -5,911   -6,870
             
Profit before tax from continuing operations       135,048   146,900
             
Income tax expense       -198   -247
             
Profit for the financial year       134,850   146,653
             
Items not to be reclassified to profit or loss in subsequent periods:
Actuarial gains and (losses) on defined benefit plans
     
430
 
146
             
Other comprehensive income for the year, net of tax       430   146
             
Total comprehensive income for the year, net of tax       135,280   146,799

14) Basis of preparation of the combined statement of profit or loss and other comprehensive income: Aggregation of the consolidated statements of profit or loss and other comprehensive income of Ernst & Young Nederland LLP and Holland Van Gijzen Advocaten en Notarissen LLP without elimination of any transactions between the two groups and taken into accounts the proper classification of the items.