Page 260 - 2012 Annual Report

260 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
Changes in main content assets
(in millions of euros)
Year ended December 31,
2012 2011
Opening balance 3,551 3,816
Amortization of content assets excluding those acquired through business combinations (122) (117)
Amortization of content assets acquired through business combinations (324) (320)
Impairment losses on content assets acquired through business combinations (a) (9) (7)
Increase 2,585 2,277
Decrease (2,252) (2,251)
Business combinations (b) 1,077 38
Changes in foreign currency translation adjustments and other (135) 115
Closing balance 4,371 3,551
(a) Relates to the impairment of certain UMG music catalogs.
(b) Primarily relates to the music catalogs acquired from EMI Recorded Music on September 28, 2012 (please refer to Note 2.1).
10.2. CONTRACTUAL CONTENT COMMITMENTS
Commitments given recorded in the Statement of Financial Position: content liabilities
Content liabilities are mainly part of “Trade accounts payable and other” or part of “Other non-current liabilities” whether they are current or non-current,
as applicable (please refer to Note 16).
(in millions of euros)
Minimum future payments as of December 31, 2012
Total minimum future
payments as of
December 31, 2011 Total
Due in
2013 2014-2017 After 2017
Games royalties 22 22 - - 28
Music royalties to artists and repertoire owners 1,579 1,477 102 - 1,398
Film and television rights (a) 189 189 - - 235
Sports rights 374 374 - - 438
Creative talent, employment agreements and others 119 41 72 6 49
Content liabilities 2,283 2,103 174 6 2,148