Page 262 - 2012 Annual Report

262 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 11 Other intangible assets
Note 11. Other intangible assets
Changes in other intangible assets
(in millions of euros)
Year ended December 31,
2012 2011
Opening balance 4,329 4,408
Depreciation (979) (945)
Acquisitions (a) 1,545 581
Increase related to internal developments 294 276
Divestitures/Decrease (4) (11)
Business combinations 38 14
Changes in foreign currency translation adjustments (52) (11)
Other 19 17
Closing balance 5,190 4,329
(a) Includes the acquisition by SFR of 4G spectrum (very-high-speed Internet - LTE) for €1,065 million in 2012 and €150 million in 2011.
Depreciation is recognized as cost of revenues and in selling, general and administrative expenses. It mainly consists of SFR’s telecom licenses (-€73 million
in 2012, compared to -€72 million in 2011), internally developed software (-€221 million in 2012, compared to -€199 million in 2011), and acquired software
(-€244 million in 2012, compared to -€273 million in 2011).
(in millions of euros)
December 31, 2012
Other intangible assets, gross
Accumulated amortization
and impairment losses Other intangible assets
Software 5,447 (4,035) 1,412
Telecom licenses 2,960 (811) 2,149
Customer bases 962 (725) 237
Trade names 462 (53) 409
Other 2,110 (1,127) 983
11,941 (6,751) 5,190
(in millions of euros)
December 31, 2011
Other intangible assets, gross
Accumulated amortization
and impairment losses Other intangible assets
Software 5,015 (3,652) 1,363
Telecom licenses 1,848 (705) 1,143
Customer bases 986 (616) 370
Trade names 481 (52) 429
Other 1,956 (932) 1,024
10,286 (5,957) 4,329
Software includes acquired software, net for €592 million as of December 31, 2012 (€636 million as of December 31, 2011), amortized over 4-years as well
as SFR’s internally developed software.
Trade names relate to trade names acquired from GVT in 2009 and Activision in 2008.
Other intangible assets notably include indefeasible rights of use (IRU) and other long-term occupational rights, net for €296 million as of December 31,
2012 (€328 million as of December 31, 2011).