307 / 348
4
Note 3. Net Financial Income/(Loss)
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements |
Statutory Financial Statements
Note 2.
Operating Earnings/(Losses)
2.1. Revenues
Revenues consisting of revenues generated from services provided by Vivendi and rebilling of costs to its subsidiaries amounted to €58.3 million.
2.2. Operating expenses and expense reclassifications
In 2014, operating expenses amounted to €283.7 million, compared to
€223.4 million in 2013.
Within this total, “other purchases and external charges” represented
€144.7 million in 2014, compared to €125.5 million in 2013.
Other purchases and external charges, including amounts rebilled
to subsidiaries (recorded in revenues) and expense reclassifications
(recorded in reversal of provisions and expense reclassifications), are
broken-down as follows:
(in millions of euros)
2014
2013
Purchases consumed
0.6
0.7
Rent
8.4
8.4
Insurance
6.1
6.6
Service providers, temporary staff and sub-contracting
14.1
6.5
Commissions and professional fees
84.7
61.7
Bank services
18.2
26.9
Other external services
12.6
14.7
Sub-total other purchases and external charges
144.7
125.5
Amounts rebilled to subsidiaries (other income)
(6.3)
(8.8)
Expense reclassifications
(4.0)
(8.6)
Total net of rebilled expenses, insurance repayments and expense reclassifications
134.4
108.1
Note 3.
Net Financial Income/(Loss)
Net financial income/(loss) is broken-down as follows:
(in millions of euros)
2014
2013
Net financing costs
(53.8)
(172.2)
Dividends received
12.4
3,545.5
Foreign exchange gains & losses
(57.4)
(19.2)
Other financial income and expenses
(16.9)
(36.9)
Movements in financial provisions
(255.2)
(5,692.6)
Total
(370.9)
(2,375.4)
307
Annual Report 2014