Page 335 - 2012 Annual Report

335
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
IV - VIVENDI SA 2012 STATUTORY FINANCIAL STATEMENTS
3. NOTES TO THE 2012 STATUTORY FINANCIAL STATEMENTS
Note 6 Intangible Assets and Property, Plant and Equipment
ended December 31, 2012, the 2012 tax results of the companies
within the scope of Vivendi SA’s French Tax Group System were
determined as an estimate, and as a result, the amount of tax
attributes at such date could not be determined with certainty.
✱ After the impact of estimated 2012 tax results and before the impact
of the potential consequences of the on-going tax audits (please see
below) on the amount of tax attributes, Vivendi SA should achieve
tax saving from tax attributes for an amount of €1,567 million
(undiscounted value based on the current income tax rate of 36.10%).
In addition, the consolidated income reported for fiscal years 2006, 2007,
and 2008 pursuant to the Consolidated Global Profit Tax System is under
audit by the French tax authorities. This tax audit began in January 2010
and, in January 2011, the French tax authorities began an additional tax
audit in relation to the consolidated income reported for fiscal year 2009.
In addition, in February 2013, the French tax authorities began a tax audit
on the consolidated income reported for the fiscal year 2010.
It is not possible, at this stage of the current tax audits, to accurately
assess the impact that could result from an unfavorable outcome of
certain of these audits. Vivendi Management believes however, that it
has serious legal grounds to defend the positions it has chosen for the
determination of the taxable income of the fiscal years currently under
a tax audit.
Finally, the consequences of the tax audit for fiscal years 2004 and 2005
did not materially impact the amount of tax attributes.
Note 6. Intangible Assets and Property, Plant and Equipment
6.1. GROSS VALUES
(in millions of euros) Opening gross value Additions Disposals
Closing gross
value
Intangible assets 14.8 0.4 - 15.2
Property, plant and equipment 59.3 0.4 - 59.7
TOTAL 74.1 0.8 0.0 74.9
6.2. DEPRECIATION AND AMORTIZATION
(in millions of euros)
Opening accumulated
depreciation/amortization Charge Reversal
Closing
accumulated
depreciation/
amortization
Intangible assets 14.2 0.3 - 14.5
Property, plant and equipment 56.7 0.4 - 57.1
TOTAL 70.9 0.7 0.0 71.6