2.1 OPERATING INCOME

The detail of the Group’s operating income at 31 December 2017 is as follows:

(Millions of euros)

2017

2016

Revenue

12,208

10,759

Other operating income

10

7

Total operating income

12,218

10,765

The Group’s revenue at 31 December 2017 relating to contracts with customers amounted to EUR 11,872 million (see Note 1.3.3.4, Revenue recognition).

“Revenue” includes the financial consideration for the services provided by the concession operators that apply the financial asset model, amounting to EUR 153 million (2016: EUR 189 million), as described in Note 1.3.3.2.

“Other Operating Income” includes the impact of the grants related to income received in 2017 amounting to EUR 10 million (2016: EUR 7 million).

The detail, by segment, of revenue in 2017 and 2016 is as follows:

 

31/12/17

 

(Millions of euros)

EXTERNAL SALES

INTER-SEGMENT SALES

TOTAL

CHANGE 17/16

Construction

4,139

489

4,628

10%

Toll roads

457

4

461

-5%

Airports

20

0

21

383%

Services

7,056

13

7,069

16%

Other segments

125

137

262

21%

Adjustments

0

-232

-232

5%

Total

11,797

411

12,208

13%

 

2016

(Millions of euros)

EXTERNAL SALES

INTER-SEGMENT SALES

TOTAL

Construction

3,721

474

4,194

Toll roads

486

1

486

Airports

4

0

4

Services

6,067

11

6,078

Other segments

305

132

217

Adjustments

0

-221

-221

Total

10,362

397

10,759

The inter-segment sales that are not eliminated in the Group’s consolidated financial statements are the sales made by the Construction Division to the infrastructure concession operators, as discussed in Notes 1.3.3.2 and 6.8.

The detail of sales, by geographical area, is as follows:

(Millions of euros)

2017

2016

CHANGE 17/16

(*)

This relates to Australia and the activity of Broadspectrum on other Pacific islands.

Spain

2,837

2,629

208

UK

2,871

3,171

-300

Australia (*)

2,504

1,469

1,035

US

1,634

1,291

344

Canada

117

123

-6

Poland

1,563

1,316

246

Other

681

759

-78

Total

12,208

10,759

1,450

The Ferrovial Group’s sales in its six main markets account for 94% of total sales.

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