Page 176 - 2012 Annual Report

176 VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
I - 2012 FINANCIAL REPORT
SECTION 2 EARNINGS ANALYSIS
SECTION 2 EARNINGS ANALYSIS
2.1. CONSOLIDATED STATEMENT OF EARNINGS ANDADJUSTED STATEMENT OF EARNINGS
Consolidated Statement of Earnings Adjusted Statement of Earnings
Year ended December 31, Year ended December 31,
2012 2011 2012 2011
Revenues 28,994 28,813 28,994 28,813 Revenues
Cost of revenues (14,364) (14,391) (14,364) (14,391) Cost of revenues
Margin from operations 14,630 14,422 14,630 14,422 Margin from operations
Selling, general and administrative expenses
excluding amortization of intangible assets
acquired through business combinations (8,995) (8,401) (8,995) (8,401)
Selling, general and administrative expenses
excluding amortization of intangible assets
acquired through business combinations
Restructuring charges and other operating
charges and income (352) (161) (352) (161)
Restructuring charges and other operating
charges and income
Amortization of intangible assets acquired
through business combinations (487) (510)
Impairment losses on intangible assets
acquired through business combinations (760) (397)
Reserve accrual regarding the Liberty Media
Corporation litigation in the United States (945) -
Other income 22 1,385
Other charges (235) (656)
EBIT 2,878 5,682 5,283 5,860 EBITA
Income from equity affiliates (38) (18) (38) (18) Income from equity affiliates
Interest (568) (481) (568) (481) Interest
Income from investments 9 75 9 75 Income from investments
Other financial income 37 14
Other financial charges (210) (167)
Earnings from continuing operations
before provision for income taxes 2,108 5,105 4,686 5,436
Adjusted earnings from continuing
operations before provision for income taxes
Provision for income taxes (1,159) (1,378) (1,339) (1,408) Provision for income taxes
Earnings from continuing operations 949 3,727
Earnings from discontinued operations - -
Earnings 949 3,727 3,347 4,028
Adjusted net income before
non-controlling interests
Of which Of which
Earnings attributable to Vivendi SA
shareowners 164 2,681 2,550 2,952 Adjusted net income
Non-controlling interests 785 1,046 797 1,076 Non-controlling interests
Earnings attributable to Vivendi SA
shareowners per share - basic (in euros) 0.13 2.09 1.96 2.30
Adjusted net income per share
- basic (in euros)
Earnings attributable to Vivendi SA
shareowners per share - diluted (in euros) 0.12 2.09 1.96 2.30
Adjusted net income per share
- diluted (in euros)
In millions of euros, except per share amounts.
Note: Earnings attributable to Vivendi SA shareowners per share and adjusted net income per share (basic and diluted) for all periods previously published
have been adjusted in order to reflect the dilution arising from the grant to each shareowner on May 9, 2012, of one bonus share for each 30 shares held,
in accordance with IAS 33 – Earnings per share (please refer to Section 1.1.8 of this Financial Report).