Page 259 - 2012 Annual Report

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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 10 Content assets and commitments
Note 10. Content assets and commitments
10.1. CONTENT ASSETS
(in millions of euros)
December 31, 2012
Content assets, gross
Accumulated amortization
and impairment losses Content assets
Internally developed franchises and other games content
assets 493 (331) 162
Games advances 133 - 133
Music catalogs and publishing rights 7,222 (4,871) 2,351
Advances to artists and repertoire owners 618 - 618
Merchandising contracts and artists services 25 (15) 10
Film and television costs 5,522 (4,756) 766
Sports rights (a) 331 - 331
Content assets 14,344 (9,973) 4,371
Deduction of current content assets (1,118) 74 (1,044)
Non-current content assets 13,226 (9,899) 3,327
(in millions of euros)
December 31, 2011
Content assets, gross
Accumulated amortization
and impairment losses Content assets
Internally developed franchises and other games content
assets 471 (315) 156
Games advances 91 - 91
Music catalogs and publishing rights 6,420 (4,743) 1,677
Advances to artists and repertoire owners 515 - 515
Merchandising contracts and artists services 25 (12) 13
Film and television costs 5,129 (4,409) 720
Sports rights (a) 379 - 379
Content assets 13,030 (9,479) 3,551
Deduction of current content assets (1,096) 30 (1,066)
Non-current content assets 11,934 (9,449) 2,485
(a) Primarily relates to the rights to broadcast the French professional Soccer League 1 awarded in 2011 to Canal+ Group for four seasons (2012-2013
to 2015-2016), which are recognized as follows: upon the start of the season or upon the initial payment, the rights for the 2012-2013 season were
recorded in content assets for €427 million on August 1, 2012 (compared to €465 million on August 1, 2011). The remaining three seasons (2013-2014
to 2015-2016) were recognized as given off balance sheet commitments (please refer to Note 10.2 below).