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Consolidated
Financial Statements
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Note 4. EBIT
Personnel costs and average employee numbers
(in millions of euros except number of employees)
Note
Year ended December 31,
2014
2013
Annual average number of full-time equivalent employees (in thousands)
15,0
14,6
Salaries
1,015
1,043
Social security and other employment charges
251
241
Capitalized personnel costs
(3)
(3)
Wages and expenses
1,263
1,281
Share-based compensation plans
20.1
(8)
29
Employee benefit plans
19.1
10
17
Other
42
34
Personnel costs
1,307
1,361
Additional information on operating expenses
Advertising costs amounted to €407 million in 2014 (compared to
€442 million in 2013).
Expenses recorded in the Statement of Earnings, with respect to service
contracts related to satellite transponders amounted to €115 million in
2014 (compared to €108 million in 2013).
Expense recorded in the Statement of Earnings, with respect to operating
leases amounted to €104 million in 2014 (compared to €97 million
in 2013).
Amortization and depreciation of intangible and tangible assets
(in millions of euros)
Note
Year ended December 31,
2014
2013
Amortization (excluding intangible assets acquired through business combinations)
307
310
of which property, plant and equipment
12
232
228
content assets
10
14
22
other intangible assets
11
61
60
Amortization of intangible assets acquired through business combinations
344
350
of which content assets
10
334
339
other intangible assets
11
10
11
Impairment losses on intangible assets acquired through business combinations
10-11
(a)
92
6
Amortization and depreciation of intangible and tangible assets
743
666
(a)
Primarily relates to full impairment losses of goodwill related to Digitick for €43 million and Wengo for €48 million (please refer to Note 9).
Other income and other charges
(in millions of euros)
Year ended December 31,
2014
2013
Capital gain on financial investments
(a)
194
37
Capital gain on the divestiture of businesses
-
3
Other
9
48
Other income
203
88
Downside adjustment on financial investments
(17)
(28)
Other
(13)
(22)
Other charges
(30)
(50)
Net total
173
38
(a)
Includes the capital gain of the sale of Universal Music Group’s interest in Beats (€179 million).
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Annual Report 2014