171 / 302
Consolidated Financial Statements as of December 31, 2015
Notes to the Consolidated Financial Statements
Depreciation and amortization
Including depreciation of logistics equipment recognized in cost of sales, total depreciation and amortization expense recognized in the consolidated
income statement amounted to 1,511 million euros in 2015 (2014: 1,416 million euros), as follows:
2015
2014
% change
(in millions of euros)
Property and equipment
(1,282)
(1,203)
6.5%
Intangible assets
(155)
(147)
4.8%
Assets under finance leases
(21)
(19)
13.3%
Investment property
(12)
(12)
2.1%
Depreciation and amortization of tangible and intangible assets
and
investment property
(1,470)
(1,381)
6.4%
Depreciation and amortization of logistic activity
(included in Cost of sales)
(41)
(35)
18.8%
TOTAL DEPRECIATION AND AMORTIZATION
(1,511)
(1,416)
6.7%
Non-recurring income and expenses
5.3
Accounting policies
In accordance with the recommendation of the French accounting as non-recurring impairment charges, restructuring costs and
authorities (
Autorité des normes comptables
[ANC] recommendation provision charges recorded to reflect revised estimates of risks provided
2013-03 dated November
7, 2013), non-recurring income and expenses
for in prior periods, based on information that came to the Group's
are reported on a separate line of the income statement. Non-recurring attention during the reporting year.
items are defined as "items that are limited in number, clearly identifiable They are presented separately in the income statement to "help users
and non-recurring that have a material impact on consolidated results".
of the financial statements to better understand the Group's
This classification is applied to certain material items of income and underlying operating performance and provide them with useful
expense that are unusual in terms of their nature and frequency, such information to assess the earnings outlook".
2015
2014
(in millions of euros)
Net gains on sales of assets
64
336
Restructuring costs
(237)
(111)
Other non-recurring income and expenses
31
1
Non-recurring income and expenses, net before asset impairments and write-offs
(142)
226
Asset impairments and write-offs
(115)
(77)
Impairments and write-offs of goodwill
(2)
0
Impairments and write-offs of property and equipment and intangible assets
(113)
(77)
NON-RECURRING INCOME AND EXPENSES, NET
(257)
149
of which:
Non-recurring income
212
490
Non-recurring expense
(468)
(341)
Net gains on sales of assets
In 2015, this item consisted primarily of the capital gains realized on The expense recognized in 2015 primarily reflects the impact of the
the sale of assets to the associated company Carmila.
plan to integrate the Dia France store network acquired in late 2014
and the ongoing action plan in China.
In 2014, net gains on sales of assets mainly concerned the gain
realized on the creation of Carmila described in Note
3.2.2 "Significant
Impairment losses and asset write-offs
events".
Restructuring costs
In 2015, impairment losses of 41
million euros (2014: 66
million
euros) were recognized against property and equipment to take
account of the difficulties experienced by certain stores, particularly in
Restructuring costs concerned plans to streamline operating structures
China. In addition, 61 million euros worth of assets were written off
in several of the Group's host countries.
during the year (2014: 11 million euros).
2015 REGISTRATION DOCUMENT
171