LensCrafters 2015 Annual Report Download - page 245

Notes to the separate financial statements as of December 31, 2015 Page 65 of 77
platform must also allow communicative interaction between members of the supply chain. Decree no.
00098MI01 issued by Italy's Ministry for Economic Development on December 21, 2012 recognized a total
grant of Euro 13,747,949 towards the cost of this project along with other benefits of Euro 4,247,627. The
Luxottica Group's share of the total grant is Euro 5,030,748, while its share of the other benefits is Euro
1,445,349.
44. DISTRIBUTION OF RECEIVABLES, PAYABLES AND REVENUE BY GEOGRAPHICAL AREA
The geographical breakdown of receivables as of December 31, 2015 is as follows:
Description Asia, Pacific and
Middle East
Europe Italy North
America
Rest of
world
Total
Other current receivables 2,491,534 227,721,623 204,569,076 17,959,956 1,917,047 454,659,236
Other non-current receivables 334,974 18,873,709 4,370,250 23,578,933
Accounts receivable 68,900,512 57,729,210 48,459,836 84,673,522 22,724,451 282,487,531
Taxes receivable 18,529,406 18,529,406
Total 71,392,046 285,785,807 290,432,027 107,003,728 24,641,498 779,255,106
The geographical breakdown of payables as of December 31, 2015 is as follows:
Description Europe
Italy North
America
Rest of
world
Asia, Pacific
and Middle
East
Total
Long-term debt 1,091,719,625 906,614 1,092,626,239
Current-portion of long term
debt
28,602,297 1,143,112 19,820,457 1,983,673 51,549,539
Current accounts payable 75,193,797 238,094,449 67,197,563 4,754,414 22,231,346 407,471,569
Other current liabilities 575,614,564 85,016,496 4,262,104 664,893,164
Current income taxes payable 378,104 44,256,279 44,634,383
Total 1,771,508,387
369,416,950 91,280,124 4,754,414 24,215,019 2,261,174,894
The geographical breakdown of revenue as of December 31, 2015 is as follows:
Description Europe
Italy North America Rest of world Asia, Pacific and
Middle East
Total
Net sales 827,915,329 229,945,315 1,013,587,008 126,031,920 523,798,258 2,721,277,830
Other revenue and
income
44,327,256 38,022,138 20,094,001 13,593,482 33,877,061 149,913,938
Total 872,242,585 267,967,453 1,033,681,009 139,625,402 557,675,319 2,871,191,768