I - Other operating Gains & Losses: General principles

1. Regulatory framework and definitions

1.1. Regulatory framework

• IAS 18 - Revenue

1.2. Definitions

Other operating Gains & Losses

Correspond to all RECURRING income and expenses not arising from financing activities, associates, discontinued operations and income tax.

They are calculated by adding:

• Gross margin
• Administrative and Commercial costs
• Research and Development costs
• Recurring income and expenses
• Dividends received from non-consolidated companies (from controlled but non-consolidated companies ... detention above 51%)
• Results of local equity earnings from consolidated companies
• Financial items related to operational
• +/- value of disposals of intangible and tangible assets
• Foreign operational exchange gains & losses on operational

REBIT

Correponds to the above + the net results from equity method.