162 / 266
162 2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
Note 8
Cost of sales
Cost of sales comprises purchase costs, changes in inventory, the cost of products sold by the financial services companies, discounting revenue
and exchange gains and losses on goods purchases.
Note 9
Sales, general and administrative expenses
(in € millions)
2014
2013
% change
Employee benefits expense
(7,762)
(7,679)
1.1%
Property rentals
(908)
(905)
0.2%
Maintenance and repair costs
(722)
(697)
3.6%
Fees
(861)
(771)
11.6%
Advertising expense
(866)
(856)
1.2%
Taxes other than on income
(532)
(545)
(2.3)%
Energy and electricity
(621)
(631)
(1.5)%
Other
(1,008)
(1,093)
(7.8)%
TOTAL
(13,281)
(13,178)
0.8%
Note 10
Depreciation and amortization
(in € millions)
2014
2013
% change
Depreciation
(1,203)
(1,199)
0.3%
Amortization
(147)
(180)
(17.9)%
Depreciation – finance leases
(19)
(30)
(37.5)%
Depreciation – investment property
(12)
(17)
(29.9)%
Provision expense, net
0
(6)
(100.0)%
TOTAL
(1,381)
(1,432)
(3.5)%