Page 246 - 2012 Annual Report

246 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
III - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 4 EBIT
Note 4. EBIT
Breakdown of revenues and cost of revenues
(in millions of euros)
Year ended December 31,
2012 2011
Product sales, net 8,262 7,598
Services revenues 20,648 21,175
Other 84 40
Revenues 28,994 28,813
Cost of products sold, net (4,932) (4,811)
Cost of service revenues (9,444) (9,585)
Other 12 5
Cost of revenues (14,364) (14,391)
Personnel costs and average employee numbers
(in millions of euros except number of employees) Note
Year ended December 31,
2012 2011
Annual average number of full-time equivalent employees (in thousands) 63.1 58.4
Salaries 2,559 2,396
Social security and other employment charges 723 654
Capitalized personnel costs (268) (211)
Wages and expenses 3,014 2,839
Share-based compensation plans 21.1 170 129
Employee benefit plans 20.1 73 71
Other 275 266
Personnel costs 3,532 3,305
Additional information on operating expenses
Research and Development expenditures amounted to €718 million in
2012 (compared to €722 million in 2011) and comprised all internal or
external net costs brought to earnings for the periods reported.
Advertising costs amounted to €900 million in 2012 (compared to
€877 million in 2011).
Expenses recorded in the Statement of Earnings, with respect to service
contracts related to satellite transponders amounted to €116 million in
2012 (compared to €112 million in 2011).
Net expense recorded in the Statement of Earnings, with respect
to operating leases amounted to €580 million in 2012 (compared to
€576 million in 2011).