Page 254 - 2012 Annual Report

254 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 8 Charges and income directly recognized in equity
Note 8. Charges and income directly recognized in equity
(in millions of euros) Note
Year ended December 31, 2012
Gross Tax Net
Foreign currency translation adjustments (a) (605) - (605)
Assets available for sale 15 63 - 63
Valuation gains/(losses) taken to equity 55 - 55
Transferred to profit or loss of the period 8 - 8
Cash flow hedge instruments 23 22 1 23
Valuation gains/(losses) taken to equity 41 1 42
Transferred to profit or loss of the period (19) - (19)
Net investment hedge instruments 23 17 - 17
Valuation gains/(losses) taken to equity 17 - 17
Transferred to profit or loss of the period - - -
Charges and income directly recognized in equity (503) 1 (502)
(in millions of euros) Note
Year ended December 31, 2011
Gross Tax Net
Foreign currency translation adjustments (a) 182 - 182
Transferred to profit or loss as part of the sale of NBC Universal interest (b) 477 - 477
Assets available for sale 15 15 - 15
Valuation gains/(losses) taken to equity 15 - 15
Transferred to profit or loss of the period - - -
Cash flow hedge instruments 23 78 (24) 54
Valuation gains/(losses) taken to equity (5) 2 (3)
Transferred to profit or loss of the period 83 (26) 57
Net investment hedge instruments 23 21 - 21
Valuation gains/(losses) taken to equity - - -
Transferred to profit or loss of the period 21 - 21
Other impacts 12 - 12
Charges and income directly recognized in equity 308 (24) 284
(a) The change in foreign currency translation adjustments primarily resulted from fluctuations in the euro/dollar exchange rate (mainly at Activision
Blizzard and Universal Music Group) and in the euro/Brazilian Real exchange rate (at GVT).
(b) Includes a foreign exchange loss attributable to the decline of the US dollar since January 1, 2004, recognized upon the sale of the remaining 12.34%
interest in NBC Universal on January 25, 2011.
Note 9. Goodwill
(in millions of euros) December 31, 2012 December 31, 2011
Goodwill, gross 37,940 37,776
Impairment losses (13,284) (12,747)
Goodwill 24,656 25,029