2014 Registration Document and Annual Financial Report - page 271

5
Financial Statemements
Parent Company Financial Statements and Notes
5.4.2. 2014 INCOME STATEMENTS
(inmillions of euros)
Notes Dec. 31, 2013 net
Dec. 31, 2014 net
Sales of goods and services
807
825
NET REVENUE
(20)
807
825
Own work capitalized
21
15
Reversals of depreciation, amortization and provisions and expense transfers
30
68
Other income
4
2
Operating income
862
910
Purchases of goods for resale
-
-
Purchases of raw materials and supplies
-
-
Other purchases and external charges
585
628
Taxes other than on income
18
16
Wages and salaries
(21)
114
106
Payroll taxes
48
47
Depreciation, amortization and provision expense
ƒƒ
Depreciation and amortization of fixed assets
(4)
28
35
ƒƒ
Additions to provisions for fixed assets
1
ƒƒ
Additions to provisions for current assets
2
4
ƒƒ
Additions to provisions for contingencies and charges
51
14
Other expenses
(21)
5
2
Operating expenses
852
852
OPERATING PROFIT
10
58
Share of profits from non-managed joint ventures or transferred losses
of managed joint ventures
-
-
Share of losses of non-managed joint ventures and transferred profits
from managed joint ventures
-
-
Joint ventures
Income from investments in subsidiaries and affiliates
(19)
154
324
Income from investment securities and long-term loans
-
-
Other interest income
(19)
23
27
Provision reversals and expense transfers
114
55
Foreign exchange gains
9
17
Financial income
300
423
Amortization and provisions – financial assets
99
100
Interest expense
(19)
145
137
Foreign exchange losses
10
17
Financial expenses
254
254
NET FINANCIAL INCOME
(22)
46
169
RECURRING INCOME BEFORETAX
56
227
Registration Document 2014
269
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