At 31 December 2022, capital employed in the eurozone was €33.3 billion (of which €24.2 billion in France) and made up 64% of the total (€32.7 billion and 67% of the total in 2021).
Operating income from ordinary activities measures the operational performance of fully consolidated Group subsidiaries. It excludes share-based payment expense (IFRS 2), certain recurring operating items (including the share of profit or loss of companies accounted for under the equity method), together with non-recurring operating items.
Recurring operating income is obtained by taking operating income from ordinary activities and adding the IFRS 2 expense associated with share-based payments (chiefly Group savings plans and performance share plans), the Group’s share of profit or loss of subsidiaries accounted for under the equity method, and other recurring operating income and expense. The latter category includes recurring income and expense relating to companies accounted for under the equity method and to non-consolidated companies (financial income from shareholder loans and advances granted by the Group to some subsidiaries, dividends received from non-consolidated companies). Recurring operating income represents the Group’s operational performance excluding the impact of non-recurring transactions and events during the period.
Operating income is calculated by taking recurring operating income and adding non-recurring income and expense, which mainly includes goodwill impairment losses, restructuring charges and income and expense relating to changes in scope (capital gains or losses on disposals of securities and the impact of changes in control).
| (in € millions) | 2022 | 2021 |
|---|---|---|
| Revenue (*) | Revenue (*)202261,675 | Revenue (*) 2021 49,396 |
| Concession subsidiaries’ revenue derived from works carried out by non-Group companies | Concession subsidiaries’ revenue derived from works carried out by non-Group companies 2022590 |
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 2021 586 |
| Total revenue | Total revenue 202262,265 |
Total revenue 2021 49,982 |
| Revenue from ancillary activities (**) | Revenue from ancillary activities (**)2022249 |
Revenue from ancillary activities (**)2021 248 |
| Purchases consumed | Purchases consumed 2022(14,894) |
Purchases consumed 2021 (10,672) |
| External services (***) | External services (***)2022(6,684) |
External services (***)2021 (5,533) |
| Temporary staff | Temporary staff 2022(1,561) |
Temporary staff 2021 (1,373) |
| Subcontracting (including concession companies’ construction costs) | Subcontracting (including concession companies’ construction costs) 2022(12,388) |
Subcontracting (including concession companies’ construction costs) 2021 (10,424) |
| Taxes and levies | Taxes and levies 2022(1,223) |
Taxes and levies 2021 (1,105) |
| Employment costs | Employment costs 2022(14,979) |
Employment costs 2021 (12,488) |
| Other operating income and expense | Other operating income and expense 202299 |
Other operating income and expense 2021 67 |
| Depreciation and amortisation | Depreciation and amortisation 2022(3,613) |
Depreciation and amortisation 2021 (3,219) |
| Net provision expense | Net provision expense 2022(448) |
Net provision expense 2021 (760) |
| Operating expenses | Operating expenses2022(55,691) | Operating expenses 2021 (45,507) |
| Operating income from ordinary activities | Operating income from ordinary activities20226,824 | Operating income from ordinary activities 2021 4,723 |
| % of revenue (*) | % of revenue (*)202211.1% | % of revenue (*) 2021 9.6% |
| Share-based payments (IFRS 2) | Share-based payments (IFRS 2) 2022(356) |
Share-based payments (IFRS 2) 2021 (288) |
| Profit/(loss) of companies accounted for under the equity method | Profit/(loss) of companies accounted for under the equity method 202222 |
Profit/(loss) of companies accounted for under the equity method 2021 12 |
| Other recurring operating items | Other recurring operating items 2022(9) |
Other recurring operating items 2021 17 |
| Recurring operating income | Recurring operating income 20226,481 |
Recurring operating income 2021 4,464 |
| Goodwill impairment losses | Goodwill impairment losses 2022– |
Goodwill impairment losses 2021 (19) |
| Impact from changes in scope and gain/(loss) on disposals of shares | Impact from changes in scope and gain/(loss) on disposals of shares 20228 |
Impact from changes in scope and gain/(loss) on disposals of shares 2021 (7) |
| Total non-recurring operating items | Total non-recurring operating items20228 | Total non-recurring operating items 2021 (26) |
| Operating income | Operating income20226,489 | Operating income 2021 4,438 |
(*) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies.
(**) Revenue from ancillary activities mainly comprises rental income, sales of equipment, materials and merchandise, study work and fees other than those generated by concession operators.
(***) Including lease payments of €1,178 million in 2022 and €981 million in 2021 not restated following the application of IFRS 16: low-value leases, short-term leases and variable lease payments.
In 2022, non-recurring operating items related solely to changes in scope and represented net income of €8 million, including:
In 2021, they represented a net expense of €26 million, comprising goodwill impairment losses of €19 million and negative scope effects of €7 million.
