Turnover (external and internal sales)

The turnover of an affiliate comprises all market sales of goods or services supplied to third parties irrespective of whether the customers are external to the group or companies belonging to the same group.
The total turnover (100%) should be reported even if the group does not exercise full ownership over the affiliate.
Turnover comprises sales profits from the actual activity of the affiliate, after deduction of granted discounts and rebates, value added tax and other taxes based directly on sales volume. Turnover also includes all other charges (transport, packaging, etc.) passed on to the customer.
Income classified as other operating income, financial income and extra-ordinary income and revenue from the use by others of enterprise assets yielding interest, royalties and dividends and other income according to the International accounting standards (IAS/IFRS) is excluded from turnover. Operating subsidies received from public authorities or the institutions of the European Union are also excluded.