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171
2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
Sensitivity to changes in net sales and EBITDA margin growth
Net Sales growth (%)*
-1.00% -0.50% 0.00% 0.50% 1.00%
EBITDA margin growth (%)*
-0.50%
-47
-4
39
84
130
-0.25%
134
182
231
280
332
0.00%
315
368
422
477
533
0.25%
496
553
613
673
735
0.50%
677
739
804
869
937
* Adjustment variable for each of the five years covered by the business plan.
17.3.2 OTHER COUNTRIES
For the other countries where the Group conducts business, the analysis of sensitivity to a simultaneous change in the key inputs based on reasonably
possible assumptions did not reveal any probable scenario according to which the recoverable amount of any of the CGUs would be less than its
carrying amount.
Note 18
Property and equipment
Property and equipment correspond mainly to the retail space managed by the Group.
(in € millions)
December 31, 2014
December 31, 2013
Land
2,473
2,380
Buildings
9,429
8,856
Equipment, fixtures and fittings
14,385
13,173
Other
400
423
Assets under construction
660
583
Finance leases – land
474
449
Finance leases – buildings
1,197
1,177
Finance leases – equipment, fixtures and fittings
85
83
Finance leases – other
0
0
Property and equipment at cost
29,104
27,124
Depreciation
(15,323)
(14,552)
Depreciation of assets under finance leases
(932)
(919)
Impairment
(578)
(544)
PROPERTY AND EQUIPMENT, NET
12,272
11,109