278
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 21 Share-based compensation plans
20.2.5.
Benefits estimation and future payments
For 2013, hedge fund contributions and benefit payments to retirees by Vivendi are estimated at €45 million in respect of pensions, of which €23 million
to pension funds and €12 million to post-retirement benefits.
Estimates of future benefit payments to beneficiaries by the relevant pension funds or by Vivendi (in nominal value) are as follows:
(in millions of euros)
Pension benefits
Post-retirement benefits
2013
33
12
2014
42
11
2015
25
11
2016
24
11
2017
32
11
2018-2022
190
51
Note 21.
Share-based compensation plans
21.1. IMPACT ON THE CONSOLIDATED STATEMENT OF EARNINGS
(in millions of euros)
Note
Year ended December 31,
2012
2011
Charge/(Income)
Stock options, performance shares and bonus shares
32
28
Employee stock purchase plans
33
25
“Stock appreciation rights” and “restricted stock units”
-
(5)
Vivendi stock instruments
21.2
65
48
Activision Blizzard stock instruments
21.3
103
67
UMG employee equity unit plan
21.4
9
7
Subtotal (including Activision Blizzard’s capitalized costs)
177
122
Equity-settled instruments
168
120
Cash-settled instruments
9
2
(-) Activision Blizzard’s capitalized costs
(a)
(7)
7
Charge/(Income) related to share-based compensation plans
3
170
129
(a)
Share-based compensation costs directly attributable to games development are capitalized in compliance with the accounting principles described
in Note 1.3.5.4. In 2012, €21 million were capitalized (compared to €19 million in 2011) and €14 million were amortized (compared to €26 million in
2011), representing a net impact of +€7 million (compared to -€7 million in 2011).
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