LensCrafters 2015 Annual Report Download - page 149

Notes to the consolidated financial statement as of December 31, 2015 Page 55 di 68
ANALYSIS OF EXPENSES BY NATURE
The reconciliation of the expenses by function to the expenses by nature is as follows (amounts in thousands of Euro):
As of December 31,
(in thousands of Euro) 2015
2014
Cost of sales 2,835,426 2,574,685
Selling and advertising 3,537,224 3,013,399
General and administrative 1,087,484
906,620
Total expenses by function 7,460,134
6,494,704
Employee benefits expense
2,619,390
2,241,514
Consumption
1,447,548
1,347,155
Production costs
427,596
416,717
Logistics costs
185,791
160,855
Depreciation and amortization
476,888
383,996
Operating lease expense
684,445
573,091
Advertising media and promotion expenses
341,749
287,519
Trade marketing
185,192
167,955
Royalties
168,669
149,952
Share-based compensation expense
49,692
31,826
Other 873,174
734,123
Total expenses by nature 7,460,134
6,494,704
OTHER INCOME/(EXPENSE)
The composition of other income/(expense) is as follows (amounts in thousands of Euro):
(in thousands of Euro) As of December 31,
INTEREST EXPENSE 2015 2014
Interest expense on bank overdrafts (902) (1,346)
Interest expense on loans (92,138) (95,409)
Financial expense on derivatives (8,322) (6,728)
Other interest expense (5,077)
(6,176)
Total interest expense (106,439)
(109,659)
(in thousands of Euro) As of December 31,
INTEREST INCOME 2015 2014
Interest income on bank accounts 8,100
9,103
Financial income on derivatives 1,666
804
Interest income on loans 1,424
1,765
Total interest income 11,190 11,672
(in thousands of Euro) As of December 31,
OTHER—NET 2015 2014
Other—net from derivative financial instruments and translation differences (4,794) 711
Other—net 1,512
(256)
Total other—net (3,281)
455