Page 268 - 2012 Annual Report

268 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 17 Cash and cash equivalents
Trade accounts payable and other
(in millions of euros) Note December 31, 2012 December 31, 2011
Trade accounts payable 6,578 6,684
Music royalties to artists and repertoire owners 10.2 1,477 1,375
Game deferred revenues (a) 1,251 1,139
Prepaid telecommunication revenues (b) 817 900
Other 4,073 3,889
Trade accounts payable and other 14,196 13,987
(a) Relates to the impact of the change in deferred net revenues at Activision Blizzard and related costs of sales associated with the sale of boxes for
certain games with significant online functionality (please refer to Note 1.3.4.1).
(b) Mainly includes subscriptions that are not past due and prepaid cards sold but not consumed, mobile phones held by distributors, roll-over minutes of
SFR’s mobile operations and the current portion of SFR’s deferred revenues of fixed operations.
Other non-current liabilities
(in millions of euros) Note December 31, 2012 December 31, 2011
Advance lease payments in respect of Qualified Technological Equipment operations 15 - 53
Liabilities related to SFR GSM license (a) 13 154 172
Prepaid revenues from indefeasible rights of use (IRU) and other long-term
occupational rights (b) 340 365
Non-current content liabilities 10.2 180 56
Other (c) 328 218
Other non-current liabilities 1,002 864
(a) Relates to the discounted value of the liability. The nominal value amounted to €206 million as of December 31, 2012, compared to €231 million as of
December 31, 2011.
(b) Relates to deferred revenues associated with indefeasible right of use (IRU) agreements, leases or services contracts.
(c) Notably includes the long-term portion of capital (€63 million) subscribed by Numergy, not yet released (please refer to Note 2.4).
Note 17. Cash and cash equivalents
(in millions of euros) December 31, 2012 December 31, 2011
Cash 920 667
Cash equivalents (a) 2,974 2,637
Of which UCITS 2,699 2,265
certificates of deposit and term deposits 275 372
Cash and cash equivalents 3,894 3,304
(a) Cash equivalents mainly includes Activision Blizzard’s cash and cash equivalents for €2,989 million as of December 31, 2012 (compared to
€2,448 million as of December 31, 2011), invested, if any, in money market funds with initial maturity dates not exceeding 90 days.