78 348
Consolidated Financial Report |
DIRECTORS’ REPORT
2014 Annual Report
Prysmian Group
78
2014
2013 (*)
Note
Amounts
Amounts
from income
from income
statement
statement
Sales of goods and services
A
6,840
6,995
Change in inventories of work in progress, semi-finished and finished goods
28
28
Other income
113
62
Raw materials, consumables used and goods for resale
(4,303)
(4,368)
Personnel costs
(948)
(945)
Other expenses
(1,280)
(1,258)
Operating costs
B
(6,390)
(6,481)
Share of net profit/(loss) of equity-accounted companies
C
43
35
Fair value stock options
D
3
14
EBITDA
E = A+B+C+D
496
563
Non-recurring other income
F
37
10
Non-recurring personnel costs
G
(52)
(34)
Non-recurring other expenses and releases
H
2
(26)
Adjusted EBITDA
I = E-F-G-H
509
613
Share of net profit/(loss) of equity-accounted companies
L
43
35
Adjusted EBITDA before share of net profit/(loss)
of equity-accounted companies
M = I-L
466
578
RECONCILIATION BETWEEN THE PRINCIPAL INCOME STATEMENT INDICATORS AND THE INCOME STATEMENT CONTAINED
IN THE CONSOLIDATED FINANCIAL STATEMENTS AND EXPLANATORY NOTES FOR 2014
(in millions of Euro)