78 / 116
3. Revenue
The table below shows the breakdown of revenue by activity, product or service offered by the Group:
4. Other operating income and expenses
OTHER OPERATING INCOME
IN ’000 €
2013
2014
Box office
131 890
140 883
In-theatre sales
51 893
55 905
Business-to-business
38 910
38 586
Brightfish
11 174
12 430
Film distribution
3 355
4 923
Real estate
8 671
9 573
Technical department
87
319
TOTAL
245 980
262 619
IN ’000 €
2013
2014
Government grants
1 121
724
Reversal of provisions
500
Capital gains on disposal of property, plant and equipment
990
48
Other
70
44
TOTAL
2 681
816
The increase in box office revenue was driven by the
expansion into the Netherlands and in Spain, partly offset
by lower sales of 3D tickets and glasses and lower virtual
print fee revenue.
In-theatre sales also increased thanks to the expansion in
the Netherlands and Spain, as well as higher sales in France.
Business-to-business (B2B) revenue fell primarily due to the
lower revenue from screen advertising in Belgium and France
and fewer corporate events. Advertising budgets were spent
differently due to the World Cup football. The screen advertis-
ing activity was also impacted by the downward pressure on
prices from other media channels. The reduction was largely
offset by higher revenue from the sale of cinema vouchers
to companies and media campaigns with partners. The B2B
activities of the cinemas acquired in the Netherlands and
Spain also made a first positive contribution. Business-to-
business revenue includes exchange deals for € 11.0 million
(2013: € 8.2 million).
Brightfish generated lower revenue from screen advertising
as a result of lower national advertising income, which was
due to the World Cup football and pressure on prices from
other media channels. Nevertheless, Brightfish’s total revenue
increased, after elimination of intra-group transactions,
due to more events with partners.
Film distribution revenue increased. In 2014 KFD distributed
films such as “The Wolf of Wall Street”, “K3 Dierenhotel”,
“De Behandeling”, “Marina”, “Sinterklaas en het Pratende
Paard”, “The Loft”, “Homefront” and “Halfweg”. Revenue
from video-on-demand and DVD distribution also increased.
Received royalties were € 1.5 million (2013: € 0.6 million).
The higher real estate revenue was driven, among other
things, by the lease of the Toison d’Or cinema building in
Brussels (Belgium). The expansion in the Netherlands and
the indoor playground that was opened in Madrid (Spain)
also contributed, as did higher revenue from the lease of
commercial spaces.
Government grants
The Group receives government grants in France from the
Centre National du Cinéma et de l’Image Animée (CNC) for
cinema related investments. These grants come from a fund
financed by contributions from cinema operators in the form
of a percentage of ticket sales. The grants are recorded as
liabilities and taken into result over the useful life of the
related assets at € 0.6 million in 2014 (2013: € 0.7 million).
The Group also received training-related government grants
for € 0.0 million (2013: € 0.5 million).
Reversal of provisions
The provision for the termination of lease agreements, set up
in 2012, was reversed in 2013.
76
05 / FINANCIAL REPORT
KINEPOLIS GROUP
ANNUAL REPORT 2014