APC 2014 Annual Report Download - page 256

6COMPANY FINANCIAL STATEMENTS
STATEMENT OF INCOME
Statement of income 2.
(in thousands of euros) Note 2014 2013
Sales of services and other 643 5,998
Reversals of provisions, depreciation and amortization
and expense transfers -
Operating revenues 643 5,998
Purchases and external expenses 7,363 13,228
Taxes other than on income 2,878 2,258
Payroll expenses 2,017 1,023
Depreciation and provision expense 318 1,300
Other operating expenses and joint-venture losses 2,529 1,404
Operating expenses 15,104 19,212
Operating profit/loss (14,461) (13,214)
Dividend income 784 10,378
Interest income 104,179 125,487
Reversals of impairment provisions for long-term
- -receivables and other
Financial income 104,963 135,866
Interest expense 223,087 283,290
Provision expense 12,581 4,146
Financial expenses 235,668 287,436
Net financial income/(loss) 14 (130,705) (151,571)
Proceeds from fixed asset disposals 1,443,112 3,089
Provision reversals and expense transfers 1,104 64,058
Other 8,677 -
Non-recurring income 1,452,893 67,147
Carrying amount of fixed asset disposals 1,004,341 6,486
Provisions, depreciation and amortization 1,100 72,420
Other - 371
Non-recurring expenses 1,005,441 79,276
Net non-recurring income/(expense) 15 447,452 (12,130)
Net income tax benefit 16 38,838 44,143
NET INCOME 341,124 (132,771)
The notes form an integral part of these Company financial statements.
254 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC