Page 303 - 2012 Annual Report

303
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 26 Contractual obligations and other commitments
26.1.1. Off balance sheet commercial commitments
(in millions of euros)
Minimum future payments as of December 31, 2012
Total minimum future
payments as of
December 31, 2011 Total
Payments due in
2013 2014-2017 After 2017
Satellite transponders 846 119 382 345 677
Investment commitments (a) 1,487 1,093 237 157 2,522
Other 786 294 442 50 614
Given commitments 3,119 1,506 1,061 552 3,813
Satellite transponders (201) (82) (119) - (144)
Other (b) (7) (7) - - (101)
Received commitments (208) (89) (119) - (245)
Net total 2,911 1,417 942 552 3,568
(a) Mainly relates to SFR and Maroc Telecom Group:
− SFR: the total amount included €262 million as of December 31, 2012 (compared to €337 million as of December 31, 2011) related to public service
delegations. Businesses related to these delegations of public service consist of setting up and operating telecommunication facilities in certain
areas of France for local or regional authorities, as delegates. As of December 31, 2011, investment commitments also included €1,065 million
related to the 4G license (very-high-speed Internet - LTE) which was granted by the Arcep on December 22, 2011, and paid in January 2012 (please
refer to Note 13).
− Maroc Telecom SA and its capital expenditure program: at the end of 2011, the third capital expenditure agreement entered into, between Maroc
Telecom and the Moroccan State in 2009, pursuant to which Maroc Telecom had committed to carrying out a capital expenditure program for a total
amount of MAD 10.5 billion (approximately €930 million) expired.
On January 16, 2013, Maroc Telecom and the Moroccan State entered into a fourth capital expenditure agreement pursuant to which Maroc Telecom
has committed to carrying out a capital expenditure program for a total amount of more than MAD 10 billion (approximately €908 million) between
2013 and 2015, which moreover should create 500 direct jobs. This program aims to modernize and expand the infrastructure to meet the growing
needs of mobile traffic and broadband Internet as well as the deployment of a fiber optic network for very-high speed broadband access.
(b) Mainly related, as of December 31, 2011, to commitments received from Bouygues Telecom to SFR in connection with the agreement to share their
investments and fiber-optic horizontal networks in very high density areas.
26.1.2. Off balance sheet operating leases and subleases
(in millions of euros)
Minimum future leases as of December 31, 2012
Total minimum
future leases as of
December 31, 2011 Total
Due in
2013 2014 - 2017 After 2017
Buildings (a) 2,633 470 1,329 834 2,409
Other 212 64 103 45 221
Leases 2,845 534 1,432 879 2,630
Buildings (a) (110) (39) (45) (26) (41)
Subleases (110) (39) (45) (26) (41)
Net total 2,735 495 1,387 853 2,589
(a) Mainly relates to offices and technical premises.
As of December 31, 2012, provisions of €15 million were recorded in the Statement of Financial Position with respect to operating leases (compared to
€17 million as of December 31, 2011). These provisions mainly related to unoccupied buildings.