179
Annual Report -
2013
-
Vivendi
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
4
SECTION 2 - Earnings analysis
SECTION 2
Earnings analysis
Preliminary comments
As from the second quarter of 2013, in compliance with IFRS 5, Activision Blizzard and Maroc Telecom Group have been reported in Vivendi’s
Consolidated Statement of Earnings as discontinued operations. In practice, income and charges from these two businesses have been reported
as follows:
their contribution until the effective divestiture, if any, to each line of Vivendi’s Consolidated Statement of Earnings (before non-controlling
interests) has been grouped under the line “Earnings from discontinued operations”;
in accordance with IFRS 5, these adjustments have been applied to all periods presented to ensure consistency of information; and
their share of net income has been excluded from Vivendi’s adjusted net income.
On October 11, 2013, Vivendi deconsolidated Activision Blizzard pursuant to the sale of 88% of its interest.
Moreover, data published with respect to fiscal year 2012 has been adjusted following the application of amended IAS 19, whose application is
mandatory in the European Union beginning on or after January 1, 2013, with retrospective effect from January 1, 2012 (please refer to Note 1
to the Consolidated Financial Statements for the year ended December 31, 2013).
These adjustments are presented in Appendix 1 to this Financial Report and in Note 33 to the Consolidated Financial Statements for the year
ended December 31, 2013.
