Note 21 Revenue

Revenue for 2019 was up by €10 million compared with 2018, at €1,930 million.

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Note 22 Other income 

Other income in 2019 came in at €40 million (2018: €148 million). The drop in the other income is mainly due to the book profit on the sale of Allego (€105 million) in 2018.

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Note 23 Purchase costs and costs of subcontracted work

The purchase costs and costs of subcontracted work were up by €28 million compared with the preceding year and amounted to €452 million.

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Note 24 Employee benefit expense

The staff costs relating to pensions, reorganisations and other long-term employee benefits were as follows:

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Note 25 Other operating expenses

Other operating expenses amounted to €331 million in 2019 compared with €343 million in 2018.

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Note 26 Depreciation/amortisation and impairment of non-current assets

The divestments include the accelerated depreciation of decommissioned assets.

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Note 27 Finance income

The other finance income largely concerns the bond investments relating to the cross-border lease contracts [note 6].

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Note 28 Finance expense

The currency translation differences result from the effect of the movements in the US dollar exchange rates against the euro on the finance lease obligations [note 19] and the Euro Commercial Paper issued in US dollars.

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Note 29 Tax

The recognised tax expense of €70 million relates to the 2019 financial year.

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Note 30 Notes to the consolidated cash flow statement

The cash flow from operating activities in 2019 amounted to €638 million (2018: €638 million). In this cash flow, savings on interest paid in 2019 due to the lower rate compared to 2018 are compensated by the higher working capital.

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