Page 266 - 2012 Annual Report

266 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 14 Investments in equity affiliates
Note 14. Investments in equity affiliates
Note 15. Financial assets
(in millions of euros) Note December 31, 2012 December 31, 2011
Cash management financial assets (a) 301 266
Other loans and receivables (b) 222 340
Derivative financial instruments 137 101
Available-for-sale securities (c) 197 125
Cash deposits backing borrowings 6 12
Other financial assets 15 28
Financial assets 23 878 872
Deduction of current financial assets (364) (478)
Non-current financial assets 514 394
(a) Primarily relates to US treasuries and government agency securities with a maturity exceeding three months held by Activision Blizzard for $387 million
as of December 31, 2012 (compared to $344 million as of December 31, 2011).
(b) As of December 31, 2011, other loans and receivables notably included SFR’s cash deposits relating to Qualified Technological Equipment (QTE)
operations for €53 million as well as a €120 million loan granted by Canal+ Group to ITI in December 2011 in connection with the strategic partnership
involving Polish pay-TV. This loan was redeemed at the closing of the transaction, on November 30, 2012 (please refer to Note 2.3). Moreover, all of
SFR’s QTE contracts were early redeemed as of December 31, 2012.
(c) As of December 31, 2012 and as of December 31, 2011, the available-for-sale securities did not include significant publicly quoted securities and were
not the subject of any significant impairment with respect to fiscal years 2012 and 2011.
(in millions of euros) Note
Voting interest Value of equity affiliates
December 31, 2012 December 31, 2011 December 31, 2012 December 31, 2011
N-Vision 2 40% - 162 -
Numergy 2 47% - 104 -
Other na* na* 122 135
388 135
na*: not applicable.