Page 300 - 2012 Annual Report

300 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 24 Consolidated Cash Flow Statement
Note 24. Consolidated Cash Flow Statement
24.2. INVESTING AND FINANCING ACTIVITIES WITH NO CASH IMPACT
In 2012, investing and financing activities with no cash impact amounted
to €596 million (of which €336 million due to the share capital increase
and €260 million due to the group’s retained earnings increase) and were
mainly related to:
✱ the grant of bonus shares to Vivendi SA shareowners by a €229 million
withdrawal from additional paid-in capital (please refer to Note 18);
✱ Vivendi SA’s share capital increase of 22,356 thousand shares, which
it paid in consideration for the contribution made by Bolloré Media,
(the free-to-air channels Direct 8 and Direct Star), representing an
enterprise value of €336 million (please refer to Note 2.2); and
✱ the strategic partnership in Poland, finalized on November 30, 2012.
This transaction, described in Note 2.3, generated an increase
in consolidated retained earnings from equity of €260 million
(€114 million related to the gain on the dilution of Cyfra+ and
€131 million related to the recognition of ITI Neovision non-controlling
interests at fair value).
In 2011, there were no significant investing and financing activities with
no cash impact.
24.1. ADJUSTMENTS
(in millions of euros) Note
Year ended December 31,
2012 2011
Items related to operating activities with no cash impact
Amortization and depreciation of intangible and tangible assets 4 3,929 3,441
Change in provision, net 102 (130)
Other non-cash items from EBIT 1 -
Others
Reserve accrual regarding the Liberty Media Corporation litigation in the United States 27 945 -
Other income from EBIT 4 (22) (1,385)
Other charges from EBIT 4 235 656
Proceeds from sales of property, plant, equipment and intangible assets 3 9 8
Adjustments 5,199 2,590