140 QSC Annual Report 2014 € 000s Direct Sales Indirect Sales Resellers Reconciliation 2014 fi nancial year Net revenues Cost of revenues Gross Profi t Sales and marketing expenses General and administrative expenses Depreciation and amortisation Non-cash share-based remuneration Other operating income 207,271 (159,780) 47,491 (15,884) (11,892) (24,482) (365) 38 121,590 (72,463) 49,127 (14,307) (10,265) (12,196) (176) 139 102,583 (94,826) 7,757 (7,589) (10,191) (31,619) (148) 612 - - Consolidated Group 431,444 (327,069) 104,375 (37,780) (32,348) (68,297) (689) 789 Operating profi t (loss) (5,094) 12,322 (41,178) - (33,950) Assets Liabilities Capital expenditure 220,725 132,366 17,992 127,407 51,773 5,798 37,980 73,383 6,250 19,377 2,333 - 405,489 259,855 30,040 € 000s Direct Sales Indirect Sales Resellers Reconciliation 2013 fi nancial year Net revenues Cost of revenues Gross Profi t Sales and marketing expenses General and administrative expenses Depreciation and amortisation Non-cash share-based remuneration Other operating income 209,176 (139,677) 69,499 (16,912) (12,015) (24,431) (149) 1,033 123,159 (65,279) 57,880 (15,190) (12,639) (10,869) (144) 1,097 123,389 (98,508) 24,881 (9,716) (10,971) (15,530) (141) 818 Operating profi t (loss) 17,025 20,135 (10,659) - - - Assets Liabilities Capital expenditure 205,516 78,279 26,177 107,822 46,559 7,542 64,148 70,106 5,842 14,541 3,912 - Consolidated Group 455,724 (303,464) 152,260 (41,818) (35,625) (50,830) (434) 2,948 26,501 392,027 198,856 39,561 Deferred tax assets and liabilities have been presented as reconciliation items.