Half-Year Financial Report - For the Six Months Ended June 30, 2020

Chapter 2. Consolidated interim financial statements half-year ended june 30, 2020

Reporting by region

The presentation of financial information based on the new operating segments results in the same level of information being presented as by geographic region.

/ First-half 2020
(in millions of euros)EuropeNorth AmericaAsia PacificLatin AmericaMiddle East & AfricaTotal
Income statement items





Net revenue(1) 

Net revenue

(1) 

Europe

1,088

Net revenue

(1) 

North America

3,013

Net revenue

(1) 

Asia Pacific

434

Net revenue

(1) 

Latin America

104

Net revenue

(1) 

Middle East & Africa

135

Net revenue

(1) 

Total

4,774

Revenue (1)

Revenue

 (1)

Europe

1,276

Revenue

 (1)

North America

3,227

Revenue

 (1)

Asia Pacific

501

Revenue

 (1)

Latin America

109

Revenue

 (1)

Middle East & Africa

165

Revenue

 (1)

Total

5,278

Depreciation and amortization expense (excluding intangibles arising from acquisitions)

Depreciation and amortization expense (excluding intangibles arising from acquisitions)

Europe

(121)

Depreciation and amortization expense (excluding intangibles arising from acquisitions)

North America

(128)

Depreciation and amortization expense (excluding intangibles arising from acquisitions)

Asia Pacific

(38)

Depreciation and amortization expense (excluding intangibles arising from acquisitions)

Latin America

(7)

Depreciation and amortization expense (excluding intangibles arising from acquisitions)

Middle East & Africa

(7)

Depreciation and amortization expense (excluding intangibles arising from acquisitions)

Total

(301)

Operating Margin

Operating Margin

Europe

20

Operating Margin

North America

495

Operating Margin

Asia Pacific

97

Operating Margin

Latin America

6

Operating Margin

Middle East & Africa

4

Operating Margin

Total

622

Amortization of intangibles from acquisitions

Amortization of intangibles from acquisitions

Europe

(72)

Amortization of intangibles from acquisitions

North America

(69)

Amortization of intangibles from acquisitions

Asia Pacific

-

Amortization of intangibles from acquisitions

Latin America

(1)

Amortization of intangibles from acquisitions

Middle East & Africa

-

Amortization of intangibles from acquisitions

Total

(142)

Impairment

Impairment

Europe

(2)

Impairment

North America

(229)

Impairment

Asia Pacific

-

Impairment

Latin America

-

Impairment

Middle East & Africa

-

Impairment

Total

(231)

Non-current income and expenses

Non-current income and expenses

Europe

1

Non-current income and expenses

North America

4

Non-current income and expenses

Asia Pacific

-

Non-current income and expenses

Latin America

-

Non-current income and expenses

Middle East & Africa

-

Non-current income and expenses

Total

5

Operating income after impairment

Operating income after impairment

Europe

(53)

Operating income after impairment

North America

201

Operating income after impairment

Asia Pacific

97

Operating income after impairment

Latin America

5

Operating income after impairment

Middle East & Africa

4

Operating income after impairment

Total

254

Balance sheet items





Intangible assets, net

Intangible assets, net

Europe

1,887

Intangible assets, net

North America

9,809

Intangible assets, net

Asia Pacific

1,105

Intangible assets, net

Latin America

247

Intangible assets, net

Middle East & Africa

330

Intangible assets, net

Total

13,378

Property, plant and equipment, net (including right-of-use assets on leases)

Property, plant and equipment, net (including right-of-use assets on leases)

Europe

872

Property, plant and equipment, net (including right-of-use assets on leases)

North America

1,330

Property, plant and equipment, net (including right-of-use assets on leases)

Asia Pacific

207

Property, plant and equipment, net (including right-of-use assets on leases)

Latin America

33

Property, plant and equipment, net (including right-of-use assets on leases)

Middle East & Africa

46

Property, plant and equipment, net (including right-of-use assets on leases)

Total

2,488

Other financial assets

Other financial assets

Europe

125

Other financial assets

North America

55

Other financial assets

Asia Pacific

31

Other financial assets

Latin America

6

Other financial assets

Middle East & Africa

3

Other financial assets

Total

220

Disclosures in respect of the statement of cash flows





Purchases of property, plant and equipment and intangible assets

Purchases of property, plant and equipment and intangible assets

Europe

(19)

Purchases of property, plant and equipment and intangible assets

North America

(56)

Purchases of property, plant and equipment and intangible assets

Asia Pacific

(6)

Purchases of property, plant and equipment and intangible assets

Latin America

(1)

Purchases of property, plant and equipment and intangible assets

Middle East & Africa

(1)

Purchases of property, plant and equipment and intangible assets

Total

(83)

Purchases of investments and other financial assets, net

Purchases of investments and other financial assets, net

Europe

(7)

Purchases of investments and other financial assets, net

North America

2

Purchases of investments and other financial assets, net

Asia Pacific

(2)

Purchases of investments and other financial assets, net

Latin America

(1)

Purchases of investments and other financial assets, net

Middle East & Africa

1

Purchases of investments and other financial assets, net

Total

(7)

Acquisitions of subsidiaries

Acquisitions of subsidiaries

Europe

(3)

Acquisitions of subsidiaries

North America

(24)

Acquisitions of subsidiaries

Asia Pacific

(9)

Acquisitions of subsidiaries

Latin America

-

Acquisitions of subsidiaries

Middle East & Africa

(1)

Acquisitions of subsidiaries

Total

(37)

(1) Because of the way this indicator is calculated (difference between billings and cost of billings), there are no eliminations between the different zones.