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136 2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Consolidated income statement
The comparative information for 2013 presented in this document has
been restated to reflect the early adoption of IFRIC 21 –
Levies
, and
the reclassification of “Net income from companies accounted for by the
equity method” in the consolidated income statement. These restatements
are described in Note 4.
The Consolidated Financial Statements are presented in millions of
euros, rounded to the nearest million. As a result, there may be rounding
differences between the amounts reported in the various statements.
(in € millions)
Notes
2014
2013 restated
(1)
% change
Net sales
6
74,706
74,888
(0.2)%
Loyalty program costs
(609)
(588)
3.5%
Net sales net of loyalty program costs
74,097
74,299
(0.3)%
Other revenue
7
2,221
2,375
(6.5)%
Total revenue
76,318
76,675
(0.5)%
Cost of sales
8
(59,270)
(59,828)
(0.9)%
Gross margin from recurring operations
17,049
16,847
1.2%
Sales, general and administrative expenses
9
(13,281)
(13,178)
0.8%
Depreciation and amortization
10
(1,381)
(1,432)
(3.5)%
Recurring operating income
2,387
2,238
6.7%
Net income from companies accounted for by the equity method
37
30
Recurring operating income after net income from companies
accounted for by the equity method
2,423
2,267
6.9%
Non-recurring income and expenses, net
11
149
144
3.3%
Operating income
2,572
2,412
6.7%
Finance costs and other financial income and expenses, net
12
(563)
(722)
(22.0)%
Finance costs, net
(399)
(428)
(6.7)%
Other financial income and expenses, net
(164)
(294)
(44.4)%
Income before taxes
2,010
1,690
18.9%
Income tax expense
13
(709)
(631)
12.4%
Net income from continuing operations
1,300
1,058
22.9%
Net income from discontinued operations
14
67
306
(78.1)%
Net income for the year
1,367
1,364
0.2%
Group share
1,249
1,263
(1.1)%
of which net income from continuing operations
1,182
949
24.6%
of which net income from discontinued operations
67
314
(78.7)%
Attributable to non-controlling interests
118
101
16.8%
(1) Restated, see Note 4.
5.1
Consolidated income statement
Basic earnings/(loss) per share
(in €)
2014
2013
(1)
% change
Earnings/(loss) from continuing operations per share
1.67
1.37
22.4%
Earnings from discontinued operations per share
0.09
0.45
(79.0)%
Basic earnings per share – Group share
1.77
1.82
(2.8)%