Mercedes 2015 Annual Report Download - page 260

E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 267
Mercedes-Benz Cars
In 2015, in Mercedes-Benz Cars segment, the restructuring
of the own dealer network had an effect of €-64 million
(2014: €-81 million). In 2015, the optimization programs
led to a cash inflow of €180 million (2014: €-5 million)
(see also Note 5). The division’s earnings also include expenses
of €300 million from a recall in connection with Takata airbags
as well as expenses of €121 million for public-sector levies of
prior periods. Furthermore, Mercedes-Benz Cars segment
had an effect of €87 million from the sale of property in USA.
Daimler Trucks
In January 2013, Daimler Trucks decided on workforce adjust-
ments in Germany and Brazil, which were continued in 2015.
Expenses recorded in this regard and for the restructuring of
the own dealer network amounted to €105 million in 2015
(2014: €165 million). In 2015, the optimization programs led to
a cash outflow of €64 million (2014: €170 million) (see also
Note 5). Further expenses of €61 million resulted from the sale
of the investment in Atlantis Foundries (Pty.) Ltd.
Mercedes-Benz Vans
In 2015, expenses of €40 million from a recall in connection
with Takata airbags had a negative effect on earnings.
Furthermore, expenses from the restructuring of the own
dealer network affected Mercedes-Benz Vans by an amount
of €29 million (2014: €17 million).
Daimler Buses
In 2015, expenses from the restructuring of the Group’s dealer
network impacted Daimler Buses in 2015 with an amount of
€4 million (see also Note 5). The prior-year amount of €14
million additionally included expenses for the measures
described under Daimler Trucks. Furthermore, income of €16
million resulted from the sale of the investment in New MCI
Holdings Inc.
Daimler Financial Services
The interest income and interest expenses of Daimler Financial
Services are included in revenue and cost of sales, and are
presented in Notes 4 and 5.
Mercedes-
Benz Cars
Daimler
Trucks
Mercedes-
Benz Vans
Daimler
Buses
Daimler
Financial
Services
Total
Segments
Recon-
ciliation
Daimler
Group
In millions of euros
2014
External revenue 70,899 30,302 9,601 4,155 14,915 129,872 – 129,872
Intersegment revenue 2,685 2,087 367 63 1,076 6,278 -6,278 –
Total revenue 73,584 32,389 9,968 4,218 15,991 136,150 -6,278 129,872
Segment profit (EBIT) 5,853 1,878 682 197 1,387 9,997 755 10,752
thereof profit/loss from
equity-method investments 103 -1 63 1 -15 151 746 897
thereof expenses from
compounding of provisions and
changes in discount rates -247 -70 -20 -11 -4 -352 -1 -353
Segment assets 51,950 20,181 5,895 3,562 105,454 187,042 2,593 189,635
thereof carrying amounts of
equity method investments 936 545 97 8 30 1,616 678 2,294
Segment liabilities 34,811 12,131 4,349 2,622 97,837 151,750 -6,699 145,051
Additions to non-current assets 10,949 1,896 1,004 507 9,899 24,255 10 24,265
thereof investments in
intangible assets 1,238 77 115 13 20 1,463 – 1,463
thereof investments in property,
plant and equipment 3,621 788 304 105 23 4,841 3 4,844
Depreciation and amortization
of non-current assets1
4,562 1,435 452 225 3,368 10,042 15 10,057
thereof amortization
of intangible assets 1,086 284 93 15 20 1,498 – 1,498
thereof depreciation of property,
plant and equipment1
2,446 766 197 75 14 3,498 3 3,501
1 Includes impairments of property, plant and equipment of €93 million from the sale of selected sites of the Group’s sales network, of which
€64 million relates to Mercedes-Benz Cars, €13 million to Daimler Trucks, €14 million to Mercedes-Benz Vans and €2 million to Daimler Buses.