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4.2 FINANCIAL STATEMENTS OF DANONE SA, THE DANONE PARENT COMPANY

Financial statements of Danone SA

DANONE

REGISTRATION DOCUMENT 2015

144

4.2 FINANCIAL STATEMENTS OF DANONE SA, THE DANONE PARENT COMPANY

Financial statements of Danone SA

Income statement

Year ended December 31

(in € millions )

Notes

2014

2015

Net sales

474

492

Other income

42

42

Total operating income

3

516

534

Personnel costs

4

(231)

(257)

Other operating expense

5

(401)

(503)

Total operating expense

(632)

(760)

Net operating expense

(116)

(226)

Income from equity interests

730

2,427

Interest on loans and receivables and similar income

32

25

Interest on borrowings and similar expense

(197)

(145)

Other financial income (expense)

22

40

Net financial income

6

587

2,347

Net income before non-recurring items and tax

471

2,121

Net non-recurring income (expense)

7

(6)

(15)

Income tax

8

76

111

Net income

541

2,217