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161
2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
Note 6
Net sales
Excluding the currency effect, 2014 net sales amounted to €77,063 million
versus €74,888 million the previous year, an increase of 2.9%.
Changes in exchange rates reduced net sales by €2,356 million in 2014,
reflecting negative effects of €2,324 million in the Latin America segment,
€31 million in Asia and €2 million in the Rest of Europe segment.
(in € millions)
2014
2013
% change
Net sales
74,706
74,888
(0.2)%
NET SALES BY COUNTRY
(in € millions)
2014
2013
France
35,336
35,438
Rest of Europe
19,191
19,220
Spain
7,787
7,798
Italy
4,688
4,771
Belgium
3,968
3,968
Poland
1,679
1,677
Romania
1,069
1,006
Latin America
13,891
13,786
Brazil
11,148
10,855
Argentina
2,743
2,930
Asia
6,288
6,443
China
4,888
4,990
Taiwan
1,400
1,453
Note 7
Other revenue by nature
(in € millions)
2014
2013
% change
Financing fees and commissions
(1)
1,246
1,384
(10.0)%
Rental revenue
(2)
219
247
(11.4)%
Revenue from sub-leases
230
235
(2.1)%
Other revenue
527
510
3.2%
TOTAL
2,220
2,375
(6.5)%
(1) Include in 2014 the net banking income from financial companies. In 2013, this line included gross amounts.
(2) Deacrease in rental revenue is linked to the sale of shopping malls to Carmila (see Note 3.1).
The amounts reported on the line “Other revenue” in the above table correspond mainly to franchise fees, business lease fees and related revenue.