Consolidated Income Statement
Consolidated Income Statement 
| in € millions | H1 2014 | H1 2013 (adjusted) | ||
|---|---|---|---|---|
| Revenues | 7,846 | 7,354 | ||
| Other operating income | 289 | 360 | ||
| Changes in inventories | 200 | 144 | ||
| Own costs capitalized | 9 | 9 | ||
| Cost of materials | (2,861) | (2,701) | ||
| Royalty and license fees | (540) | (457) | ||
| Personnel costs | (2,524) | (2,396) | ||
| Amortization/depreciation, impairment charges and reversals of intangible assets and property, plant and equipment | (389) | (256) | ||
| Other operating expenses | (1,504) | (1,341) | ||
| Results from investments accounted for using the equity method | 25 | 9 | ||
| Reversals of impairment/Impairment on investments accounted for using the equity method | – | 70 | ||
| Results from financial assets | (3) | 9 | ||
| Results from disposals of investments | 6 | 8 | ||
| EBIT (earnings before interest and taxes) | 554 | 812 | ||
| Interest income | 10 | 11 | ||
| Interest expenses | (58) | (96) | ||
| Other financial income | 7 | 16 | ||
| Other financial expenses | (84) | (89) | ||
| Financial result | (125) | (158) | ||
| Earnings before taxes from continuing operations | 429 | 654 | ||
| Income taxes | (178) | (200) | ||
| Earnings after taxes from continuing operations | 251 | 454 | ||
| Earnings after taxes from discontinued operations | 3 | (35) | ||
| Group profit or loss | 254 | 419 | ||
| attributable to: | ||||
| Bertelsmann shareholders | ||||
| Earnings from continuing operations | 118 | 341 | ||
| Earnings from discontinued operations | 3 | (35) | ||
| Earnings attributable to Bertelsmann shareholders | 121 | 306 | ||
| Non-controlling interests | ||||
| Earnings from continuing operations | 133 | 113 | ||
| Earnings from discontinued operations | – | – | ||
| Earnings attributable to non-controlling interests | 133 | 113 | ||
| The adjustment of figures for H1 2013 relates to the first-time application of IFRS 11 Joint Arrangements. | ||||
