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4.2 FINANCIAL STATEMENTS OF DANONE SA, THE DANONE PARENT COMPANY
Note 5. Other operating expense
DANONE
REGISTRATION DOCUMENT 2015
150
NOTE 5. OTHER OPERATING EXPENSE
Other operating expense comprised mainly fees paid to external service providers and charges for rent and services provided and totaled
€503 million in 2015 (€401 million in 2014).
NOTE 6. NET FINANCIAL INCOME (EXPENSE)
Net financial income totaled €2,347 million in 2015 (€587 million in 2014).
Income from equity interests
Income from equity interests consistedmainly of dividends received from the Company's equity interests. In 2015, these dividends amounted
to €2,427 million (€730 million in 2014). The €1,697 million increase was due mainly to the interim dividend received in the amount of
€1,464 million (see Note 2 of the Notes to the financial statements of the parent company Danone).
Interest on loans and receivables and similar income
Interest on loans and receivables and similar income comprised mainly interest received on the loans and receivables granted by the
Company to Zywiec Zdroj and Danone Poland and totaled €16 million in 2015 (€32 million in 2014).
Interest on borrowings and similar expense
Interest on borrowings and similar expense comprised mainly interest in respect of the following borrowings:
As of December 31
(in € millions)
2014
2015
Medium-term loan from and current account
with Danone Finance International
(a) (b)
43
14
Bonds
(a)
152
129
Commercial paper
(a)
2
2
Total
197
145
(a) Interest paid and accrued in respect of the year
(b) The change during the year was mainly due to the repayment of the medium-term loan (see Note 14 of the Notes to the financial statements of the parent
company Danone).
Other financial income (expense)
As regards Other financial income (expense), the Company generated net income of €40 million in 2015, comprising mainly the allocation
of a provision on equity interests and income from the sale of DANONE treasury shares not used as a hedge for a stock-option plan.
In 2014, the corresponding figure was net income of €22 million.