79 348
79
2014
2013 (*)
Note
Amounts
Amounts
from income
from income
statement
statement
Operating income
A
312
368
Non-recurring other income
37
10
Non-recurring personnel costs
(52)
(34)
Non-recurring other expenses and releases
2
(26)
Change in inventories of work in progress, semi-finished and finished goods
-
-
Total non-recurring expenses
B
(13)
(50)
Fair value change in metal derivatives
C
7
(8)
Fair value stock options
D
(3)
(14)
Impairment and impairment reversal of assets
E
(44)
(25)
Adjusted operating income
F=A-B-C-D-E
365
465
(*) The previously published prior year comparative figures have been restated following the introduction of IFRS 10 and IFRS 11 and a new method of classifying
the share of net profit (loss) of associates and joint ventures.
Following the adoption of
IFRS 10 - Consolidated Financial
Statements
and
IFRS 11 - Joint Arrangements
, applicable ret-
rospectively from 1 January 2014, the Group's consolidated
figures have been restated as from 1 January 2013.
In particular, the changes introduced by
IFRS 11 - Joint
Arrangements
have eliminated the possibility of propor-
tionate consolidation; accordingly, the companies Yangtze
Optical Fibre and Cable Joint Stock Limited Co., Yangtze
Optical Fibre and Cable (Hong Kong) Co. Ltd., Precision Fiber
Optics Ltd. and Power Cables Malaysia Sdn Bhd, previously
consolidated using the proportionate method, have now
been consolidated using the equity method.
In addition, further to the changes introduced by
IFRS 10 -
Consolidated Financial Statements
, the Chinese company
Yangtze Optical Fibre & Cable (Shanghai) Co. Ltd., previously
consolidated line-by-line, has now been consolidated using
the equity method; the Brazilian company Sociedade
Produtora de Fibras Opticas S.A., previously consolidated
line-by-line, has been defined as a "joint operation" and
so is now being consolidated according to the rights and
obligations arising under the contractual arrangement.
(in millions of Euro)