Income statement

CHF thousand	Note	2023	2022

Net sales from goods and services	1	1,963,856	1,933,455
Change in inventories for work in progress		–2,583	–532
Own costs capitalised	2	13,378	11,048
Other operating income	3	28,563	31,123
Total operating revenue		2,003,214	1,975,094

Energy procurement	4	–1,469,489	–1,784,653
Materials and third party services		–26,073	–22,630
Concession fees	5	–26,308	–11,518
Personnel expenses		–68,715	–56,621
Other operating expenses	6	–25,228	–21,760
Depreciation/amortisation and impairment	7	–33,939	–17,434
Operating expenses		–1,649,752	–1,914,616

Operating earnings before interest, extraordinary items and taxes		353,462	60,478

Financial income	8	55,157	12,855
Financial expenses	8	–19,542	–17,799
Operating earnings before taxes		389,077	55,534

Non-operating income		428	521
Earnings before taxes		389,505	56,055

Taxes		–56,480	–11,316
Net earnings for the year		333,025	44,739