2010 Annual Report - application/pdf - Dassault Aviation

Consolidated financial statements
NOTE 15 - NET SALES (cont'd)
By origin, net sales break down as follows:
(EUR 000) 2010 2009
France (1) 2,780,330 2,425,757
United States (2) 1,406,775 995,422
TOTAL 4,187,105 3,421,179
(1) DASSAULT AVIATION, DASSAULT FALCON SERVICE and SOGITEC INDUSTRIES.
(2) DASSAULT FALCON JET and DASSAULT PROCUREMENT SERVICES.
NOTE 16 - OTHER REVENUE
(EUR 000) 2010
2009
Restated (1)
Research-based tax credits (1) 33,140 33,312
Financial revenue from operations (2) 2,573 1,061
Capitalized production 109 0
Other operating grants 140 98
Other operating income 3,995 3,755
TOTAL 39,957 38,226
(1) the Group now recognizes Research-Based Tax Credits of French companies in operating income and no longer as a
reduction of its income taxes. This change of accounting presentation is detailed in paragraph E of Note 1. Pursuant to IFRS,
the Group therefore presents the other revenue of 2009 as if this presentation had always been applied.
(2) interest in arrears.
NOTE 17 - OTHER OPERATING INCOME AND EXPENSES
(EUR 000) 2010 2009
Losses from disposals of non-current assets -808 -371
Foreign exchange gains or losses from business transactions (1) 11,109 -9,561
Income/(loss) from non-capital transactions 118 -26
Other operating expense (2) -1,205 -35,914
Share of income of joint ventures 766 127
TOTAL 9,980 -45,745
(1) particularly foreign exchange gains and losses on trade receivables and payables: those relating to hedging transactions
are recognized in net sales.
(2) including a 2009 bad debt charge (offset by a reversal of the corresponding provision): EUR -35,717 thousand.
NOTE 18 - RESEARCH AND DEVELOPMENT COSTS
Non-capitalized research and development costs are recognized in expenses for the year in which they are incurred and
represent:
(EUR 000) 2010 2009
RESEARCH AND DEVELOPMENT COSTS -232,846 -241,837
The Group’s research and development strategy and initiatives are described in the directors’ report.
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