Page 271 - 2012 Annual Report

271
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 19 Provisions
Note 19. Provisions
(in millions of euros) Note
December 31,
2011 Addition Utilization Reversal
Business
combinations
Divestitures,
changes in foreign
currency translation
adjustments
and other
December 31,
2012
Employee benefits (a) 507 43 (78) (19) 60 38 551
Restructuring costs 48 (b) 322 (154) - 52 (10) 258
Litigations 27 479 (c) 1,015 (54) (82) 4 (5) 1,357
Losses on onerous contracts 237 19 (104) (10) - 1 143
Contingent liabilities due to disposal (d) 26.4 41 - - - - (17) 24
Cost of dismantling and restoring sites (e) 70 1 (3) - - 15 83
Other (f) 773 (g) 748 (107) (63) 29 9 1,389
Provisions 2,155 2,148 (500) (174) 145 31 3,805
Deduction of current provisions (586) (316) 91 139 (12) (27) (711)
Non-current provisions 1,569 1,832 (409) (35) 133 4 3,094
(in millions of euros) Note
December 31,
2010 Addition Utilization Reversal
Business
combinations
Divestitures,
changes in foreign
currency translation
adjustments
and other
December 31,
2011
Employee benefits (a) 511 40 (78) (3) - 37 507
Restructuring costs 42 87 (90) (6) 1 14 48
Litigations 27 443 262 (198) (46) 12 6 479
Losses on onerous contracts 394 72 (165) (61) 2 (5) 237
Contingent liabilities due to disposal (d) 26.4 50 - (3) - - (6) 41
Cost of dismantling and restoring sites (e) 63 - (2) - - 9 70
Other (f) 526 351 (64) (66) - 26 773
Provisions 2,029 812 (600) (182) 15 81 2,155
Deduction of current provisions (552) (299) 290 48 - (73) (586)
Non-current provisions 1,477 513 (310) (134) 15 8 1,569
(a) Includes employee deferred compensation as well as provisions for defined employee benefit plans (€499 million as of December 31, 2012 and
€446 million as of December 31, 2011; please refer to Note 20.2), but excludes employee termination reserves recorded under restructuring costs.
(b) Includes restructuring provisions: SFR (€170 million), Maroc Telecom (€72 million), and UMG (€79 million).
(c) Notably includes the €945 million reserve accrual regarding the Liberty Media Corporation litigation in the United States (please refer to Note 27).
(d) Certain commitments given in relation to divestitures are the subject of provisions. These provisions are not significant and the amount is not disclosed
because such disclosure could be prejudicial to Vivendi.
(e) SFR and GVT are required to dismantle and restore each telephony antenna site following termination of a site lease.
(f) Notably includes provisions for litigations for which the amount is not detailed because such disclosure could be prejudicial to Vivendi.
(g) Notably includes the reserve accruals related to the impacts of the Consolidated Global Profit Tax System in 2011 (€366 million), as well as the impact
related to the use of tax credits in 2012 (€208 million) (please refer to Note 6).