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Notes contents
Notes to the consolidated financial statements
Notes to the consolidated financial statements
As of December 31, 2008, 2007 and 2006
10.Analysis of operating profit
The Group's operating income and expenses from continuing operations analysed by nature of expense is as follows:
| 2008 | 2007(i) | 2006(i) | |
| US$ '000 | US$ '000 | US$ '000 | |
| Revenues | 3,412,380 | 2,623,854 | 1,570,086 |
| Cost of rendering telecommunication services | (831,925) | (686,260) | (431,211) |
| Depreciation and amortization (notes 9,15 and 16) | (515,908) | (351,500) | (227,236) |
| Dealer commissions | (303,435) | (214,202) | (119,875) |
| Employee related costs (note 11) | (206,455) | (167,762) | (95,944) |
| Phone subsidies | (143,881) | (112,700) | (56,695) |
| Advertising and promotion | (143,634) | (111,801) | (45,962) |
| Utilities | (74,157) | (44,647) | (24,410) |
| Operating lease expense (note 28) | (66,350) | (47,339) | (23,156) |
| Network maintenance | (58,814) | (46,794) | (24,347) |
| External services | (53,383) | (51,497) | (31,575) |
| Reduction of goodwill (notes 9 and 15) | – | (23,358) | – |
| Loss on disposal of assets (note 9) | (8,632) | (2,064) | (1,503) |
| Impairment of assets (notes 9 and 16) | (752) | (1,673) | (358) |
| Other operating income | – | – | 4,036 |
| Gain from sale of subsidiaries and joint ventures, net | – | – | 8,099 |
| Other expenses | (137,771) | (90,554) | (51,991) |
| Operating profit (loss) | 867,283 | 671,703 | 447,958 |
- (i) Figures for 2007 and 2006 have been adjusted, excluding Millicom operation in Sierra Leone.
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