14 consolidated annual accounts 05 NH HOTELES, S.A. AND DEPENDENT COMPANIES CONSOLIDATED PROFIT AND LOSS ACCOUNTS FOR THE YEARS ENDED ON 31 DECEMBER 2005 AND 2004 (Thousand euros) (*) Included for the sake of comparison (see Note 2.2) Notes 1 to 31 described in the Notes to the Accounts and Appendices I/III are an integral part of the consolidated profit and loss accounts for 2005 and 2004. Net turnover 27.1 976,543 965,035 Other operating income 27.1 17,466 20,997 Net profit/(loss) on disposals of long-term assets 2,689 (2,455) Raw Materials and Consumables (108,533) (107,203) Staff costs 27.3 (300,802) (298,438) Write-down (68,101) (62,019) Net losses due to asset impairment 27.6 (799) (15,288) Other operating charges 27.4 (406,513) (384,266) OPERATING PROFIT/(LOSS) 111,950 116,363 Profit and loss of companies valued using the equity method 10 (649) (550) Financial income 27.2 9,961 11,373 Interest expense 27.7 (35,188) (36,832) Net differences on exchange (Income / (Expense)) 2,152 1,129 PROFIT BEFORE TAXATION  OF ONGOING ACTIVITIES 88,226 91,483 Corporation tax 23 (17,813) (25,680) PROFIT/(LOSS) FOR THE YEAR    70,413 65,803 Attributable to: Shareholders of the Controlling Company 62,243 55,203 Minority interests 8,170 10,600 Note 2005 2004(*)