1owHYXa
1owHYXa
1owHYXa
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Friday, February 19, 2016<br />
3.2 Geographic information<br />
Revenues are broken down by customer location.<br />
(in millions of euros)<br />
Revenues<br />
Year ended December 31,<br />
2015 2014<br />
France 4,464 42% 4,482 44%<br />
Rest of Europe 2,567 24% 2,505 25%<br />
United States 2,191 20% 1,748 17%<br />
Rest of the world 1,540 14% 1,354 14%<br />
10,762 100% 10,089 100%<br />
(in millions of euros)<br />
Segment assets<br />
France<br />
December 31, 2015<br />
9,568 38%<br />
December 31, 2014<br />
11,774 52%<br />
Rest of Europe 6,109 24% 2,519 11%<br />
United States 9,078 36% 7,660 34%<br />
Rest of the world 691 2% 603 3%<br />
25,446 100% 22,556 100%<br />
Note 4<br />
EBIT<br />
Breakdown of revenues and cost of revenues<br />
Year ended December 31,<br />
(in millions of euros) 2015 2014<br />
Product sales, net 5,269 4,701<br />
Services revenues 5,437 5,322<br />
Other 56 66<br />
Revenues 10,762 10,089<br />
Cost of products sold, net (2,658) (2,365)<br />
Cost of service revenues (3,897) (3,748)<br />
Other - (8)<br />
Cost of revenues (6,555) (6,121)<br />
Personnel costs and average employee numbers<br />
Year ended December 31,<br />
(in millions of euros) Note 2015 2014<br />
Salaries 1,138 1,005<br />
Social security and other employment charges 310 276<br />
Capitalized personnel costs (3) (3)<br />
Wages and expenses 1,445 1,278<br />
Share-based compensation plans 18 19 (8) (a)<br />
Employee benefit plans 17 40 10<br />
Other 41 42<br />
Personnel costs 1,545 1,322<br />
Annual average number of full-time equivalent employees (in thousands) 16.6 15.7<br />
a. Notably included a €19 million reversal of reserve related to the departure of a key executive from Universal Music Group (please refer<br />
to Note 18.2).<br />
Additional information on operating expenses<br />
Advertising costs amounted to €348 million in 2015 (compared to €407 million in 2014).<br />
Expenses recorded in the Statement of Earnings, with respect to service contracts related to satellite transponders amounted to €120 million<br />
in 2015 (compared to €115 million in 2014).<br />
Net expense recorded in the Statement of Earnings, with respect to operating leases amounted to €113 million in 2015 (compared to<br />
€104 million in 2014).<br />
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi /58
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