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4.2 FINANCIAL STATEMENTS OF DANONE SA, THE DANONE PARENT COMPANY
Note 20. Related party transactions
DANONE
REGISTRATION DOCUMENT 2015
162
NOTE 20. RELATED PARTY TRANSACTIONS
Transactions with related parties
Year ended December 31
(in € millions)
2014
2015
Operating income
463
467
Income from equity interests
730
2,427
Interest on loans and receivables and similar financial income
27
25
Total income
1,220
2,919
Operating expense
(29)
(77)
Interest on borrowings and similar financial expense
(43)
(14)
Total expense
(72)
(91)
Balances with related parties
As of December 31
(in € millions)
2014
2015
Long-term loans and receivables
−
−
Short-term loans and receivables
(a)
113
2,238
Total assets
113
2,238
Other financial debt
1,035
1,000
Other liabilities
69
36
Total liabilities
1,104
1,036
(a) As of December 31, 2015, the main component was the current account balance due from Danone Finance International.
NOTE 21. SUMMARY OF SHARES HELD IN PORTFOLIO
Securities of subsidiaries and associates
As of December 31
(in € millions)
2014
2015
Gross amounts
17,755
18,583
Provisions for impairment
(50)
(57)
Carrying amount
(a)
17,705
18,526
(a) See details for 2014 in Note 9 of the Notes to the financial statements of the parent company Danone.
DANONE treasury shares
2014
2015
(in € millions, except number
of shares)
Number of shares
Carrying amount
Number of shares
Carrying amount
Treasury shares classified
as Long-term financial assets
(a)
30,769,360
1,578
30,769,360
1,578
Treasury shares classified
as Marketable securities
(a)
7,163,935
283
3,176,810
118
Total
37,933,295
1,861
33,946,170
1,696
(a) See classification in Note 1 of the Notes to the financial statements of the parent company Danone.