Page 263 - 2012 Annual Report

263
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 12 Property, plant and equipment
Note 12. Property, plant and equipment
(in millions of euros)
December 31, 2012
Property, plant
and equipment, gross
Accumulated depreciation
and impairment losses
Property, plant
and equipment
Land 242 (2) 240
Buildings 3,707 (2,143) 1,564
Equipment and machinery 13,939 (8,071) 5,868
Construction-in-progress 375 - 375
Other 4,637 (2,758) 1,879
22,900 (12,974) 9,926
(in millions of euros)
December 31, 2011
Property, plant
and equipment, gross
Accumulated depreciation
and impairment losses
Property, plant
and equipment
Land 227 (2) 225
Buildings 2,790 (1,616) 1,174
Equipment and machinery 13,443 (7,770) 5,673
Construction-in-progress 323 - 323
Other 4,380 (2,774) 1,606
21,163 (12,162) 9,001
As of December 31, 2012, other property, plant and equipment, net, notably included set-top boxes, for €974 million, compared to €807 million as of
December 31, 2011. In addition, property, plant and equipment financed pursuant to finance leases amounted to €58 million, compared to €60 million as
of December 31, 2011.
Changes in property, plant and equipment
(in millions of euros)
Year ended December 31,
2012 2011
Opening balance 9,001 8,217
Depreciation (1,743) (1,662)
Acquisitions/Increase 2,769 2,604
Divestitures/Decrease (39) (29)
Business combinations 170 7
Changes in foreign currency translation adjustments (232) (140)
Other - 4
Closing balance 9,926 9,001
The depreciation is recognized as cost of revenues and in selling, general and administrative expenses. It mainly consists of the depreciation of buildings
(-€151 million in 2012, unchanged compared to 2011) and equipment and machinery (-€1,081 million in 2012, compared to -€1,100 million in 2011).