Page 340 - 2012 Annual Report

340 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 13 Equity
Note 13. Equity
13.1. CHANGES IN EQUITY
Changes in equity (in millions of euros)
(a)
Number of
shares Share capital
Additional
paid-in
capital
Reserves
and retained
earnings
Earnings/
(loss) Total
As of December 31, 2011 1,247,263,060 6,859.9 13,038.5 10,666.8 1,488.4 32,053.6
Allocation of earnings/(loss) and dividends - - - 243.1 (1,488.4) (1,245.3)
Free share allocation 41,575,435 228.7 (228.7) - - 0.0
Group Savings Plans 12,288,690 67.6 59.1 - - 126.7
Stock options 479,156 2.6 4.0 - - 6.6
Contribution from Bolloré Média 22,356,075 123.0 213.5 - - 336.5
Earnings/(loss) for the year - - - (6,045.0) (6,045.0)
Other movements in 2012 - - (1.1) - - (1.1)
AS OF DECEMBRE 31, 2012 1,323,962,416 7,281.8 13,085.3 10,909.9 (6,045.0) 25,232.0
(a) Par value of €5.50 per share.
The potential number of shares that may be issued is 54,102,401 and includes:
(i) 53,405,701 shares to be issued upon the exercise of stock subscription options; and
(ii) 696,700 shares related to a 50 bonus share plan granted per each employee of all the group’s French entities.
13.2. ALLOCATION OF NET INCOME
The allocation of net income to be proposed at the Annual General
Shareholders’ Meeting to be held on April 30, 2013, is as follows:
The allocation is charged to retained earnings in an amount
of €743,686,106.26 and to other reserves for the balance of
€5,301,331,723.80.
It will also be proposed that the Annual General Shareholder’s Meeting set
the dividend amount at €1.00 per share, charged against other reserves.
(in euros) Total
Distributable earnings
Retained earnings 743,686,106.26
2012 Net income (6,045,017,830.06)
Other reserves 6,623,833,639.80
TOTAL 1,322,501,916.00
Allocation
Legal reserve -
Dividends (a) 1,322,501,916.00
TOTAL 1,322,501,916.00
(a) Dividends of €1.00 per share, based on the number of treasury shares held as of December 31, 2012. This amount will be adjusted to reflect the
actual number of treasury shares held on the dividend payment date and the number of stock subscription options exercised by beneficiaries up to the
Annual General Shareholders’ Meeting. The second amendment to the French Finance Act for 2012 established an additional tax of 3%, which shall
be recorded as a charge at the time the dividend is paid.
For individuals tax resident in France, the French Finance Act for 2013
removes the optional flat-rate withholding tax, establishes a mandatory
non-exempting withholding tax and submits dividends to the progressive
scale of income tax, after a 40% tax relief (French General Tax Code,
Art. 158-3-2° to 4°).