Mondelez 2014 Annual Report Download - page 51

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Table of Contents
Organic Net Revenue
Applying the definition of “Organic Net Revenue”, the adjustments made to “net revenues” (the most comparable U.S. GAAP
financial measure) were to exclude the impact of currency, divestitures, an accounting calendar change in 2013 and acquisitions.
We believe that Organic Net Revenue better reflects the underlying growth from the ongoing activities of our business and provides
improved comparability of results.
48
For the Years Ended
December 31,
2014
2013
$ Change
% Change
(in millions)
Organic Net Revenue
$
36,036
$
35,191
$
845
2.4%
Impact of currency
(1,806
)
–
(
1,806
)
(5.1)pp
Impact of divestitures
–
70
(70
)
(0.2)pp
Impact of accounting calendar change
–
38
(38
)
(0.1)pp
Impact of acquisition
14
–
14
–
Net revenues
$
34,244
$
35,299
$
(1,055
)
(3.0)%
For the Years Ended
December 31,
2013
2012
$ Change
% Change
(in millions)
Organic Net Revenue
$
35,938
$
34,600
$
1,338
3.9%
Impact of currency
(837
)
–
(
837
)
(2.4)pp
Impact of divestitures
70
415
(345
)
(1.0)pp
Impact of accounting calendar change
(1)
37
–
37
0.1pp
Impact of acquisition
91
–
91
0.2pp
Net revenues
$
35,299
$
35,015
$
284
0.8%
(1)
Amount measured at prior
-
year (2012) currency exchange rates.