APC 2015 Annual Report Download - page 206

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC204
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Dec.31, 2014
Western
Europe of which France North America of which USA Asia- Pacifi c of which China Rest of theworld Total
Revenue by country market 6,758 1,644 6,321 5,239 7,076 3,705 4,784 24,939
Non-current assets 9,848 1,761 8,981 8,748 4,544 1,532 1,172 24,545
Moreover, the Group follows the share of new economies by revenue:
Full year 2015 Full year 2014
Revenue– Mature countries 15,111 57% 13,994 56%
Revenue– New economies 11,529 43% 10,945 44%
TOTAL 26,640 100% 24,939 100%
3.3 – Degree of dependence in relation to main customers
No single customer accounts for more than 10% of consolidated revenue.
Note4 Research and development
Research and development costs break down as follows:
Full year 2015 Full year 2014
Research and development costs in cost of sales (335) (290)
Research and development costs in R&D costs(1) (565) (567)
Capitalized development costs (372) (355)
TOTAL RESEARCH AND DEVELOPMENT COSTS IN THE YEAR (1,272) (1,212)
(1) Of which EUR47million of research and development tax credits in full year 2015, EUR45million in full year 2014.
Amortization of capitalized development costs amounted to EUR227million for the 2015 fi nancial year, compared with EUR180million in 2014.
Note5 Depreciation and amortization expenses
Depreciation and amortization expenses recognized in operating expenses were as follows:
Full year 2015 Full year 2014
Included in cost of sales:
Depreciation and amortization (554) (484)
Included in selling, general and administrative expenses
Depreciation and amortization (203) (141)
DEPRECIATION AND AMORTIZATION EXPENSES (757) (625)
Moreover, the net amount of impairment of non-current assets totaled EUR482million.