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DANONE
REGISTRATION DOCUMENT 2015
Danone's business highlights in 2015 and outlook for 2016
3.4 Balance sheet and financial security review
65
Shareholder's equity
Change in shareholder's equity – Group share
(in € millions)
2014
2015
As of January 1
10,694
11,696
Net income
1,119
1,282
Other comprehensive income
(323)
146
Dividends paid
(a)
(307)
(317)
Cumulative translation adjustments
52
325
Other
462
(526)
As of December 31
11,696
12,606
(a) Impact on the Group share of the equity, the impact of the dividends paid on the consolidated equity amounting to € (411) million in 2015 (€ (418) million in 2014)
and corresponding to the portion paid in cash, the portion paid in shares having no impact on equity.
Off-balance sheet commitments
Commitments given as of December 31, 2015 relating to operating activities
Total
Amount of financial flows for the year
(in € millions)
2016
2017
2018
2019 2020 and after
Commitments to purchase
goods and services
(a)
(3,452)
(1,904)
(680)
(338)
(255)
(275)
Capital expenditure
commitments
(198)
(179)
(9)
(10)
−
−
Operating lease commitments
(767)
(208)
(142)
(106)
(82)
(229)
Guarantees and pledges given
(284)
(234)
(2)
(12)
(1)
(35)
Other
(35)
(24)
(7)
(3)
(1)
−
Total
(4,738)
(2,548)
(841)
(469)
(340)
(539)
(a) Commitments mainly related to milk, dairy ingredients and other food raw materials purchase.