Income statement disclosures
11 Revenue
Revenue increased by €1,441 million (2.8%) year-on-year to €52,829 million. The increase was due to the following factors:
| Factors affecting revenue increase |
| €m |
| Organic growth | | 2,710 | |
| Portfolio changes1 | | –627 | |
| Currency translation effects | | –642 | |
| Total | | 1,441 | |
As in the prior-year period, there was no revenue in financial year 2011 that was generated on the basis of barter transactions. Revenue was up year-on-year in almost all areas.
The further classification of revenue by division and the allocation of revenue to geographical areas are presented in the segment reporting.