205
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
EBITA (Adjusted Earnings Before Interest and Income Taxes) and adjusted net income
(in millions of euros, except per share amounts)
2012
2013
Nine months
ended
September 30,
Three months
ended
December 31,
Year
ended
December 31,
Three months
ended
March 31,
Adjusted earnings before interest and income taxes (EBITA)
(as previously published)
4,331
952
5,283
1,344
Reclassifications related to the application of IFRS 5 for Activision Blizzard
-754
-395
-1,149
-442
Reclassifications related to the application of IFRS 5 for Maroc Telecom Group
-729
-259
-988
-273
Adjustments related to the application of amended IAS 19
Selling, general and administrative expenses
+6
+11
+17
na
Adjusted earnings before interest and income taxes (EBITA) (restated)
2,854
309
3,163
629
Adjusted net income (as previously published)
2,194
356
2,550
672
Reclassifications related to the application of IFRS 5
-600
-259
-859
-306
Adjustments related to the application of amended IAS 19
Selling, general and administrative expenses
+6
+11
+17
na
Provision for income taxes
-
-3
-3
na
Adjusted net income (restated)
1,600
105
1,705
366
Adjusted net income per share (as previously published)
1.70
0.27
1.96
0.51
Adjusted net income per share (restated)
1.24
0.08
1.31
0.28
na: not applicable.
Reconciliation of earnings attributable to Vivendi SA shareowners to adjusted net income
(in millions of euros)
Year ended December 31,
2013
2012
Earnings attributable to Vivendi SA shareowners (a)
(a)
1,967
179
Adjustments
Amortization of intangible assets acquired through business combinations
462
436
Impairment losses on intangible assets acquired through business combinations
(a)
2,437
760
Reserve accrual related to the Liberty Media Corporation litigation in the United States
(a)
-
945
Other income
(a)
(88)
(19)
Other charges
(a)
57
236
Other financial income
(a)
(51)
(37)
Other financial charges
(a)
561
204
Earnings from discontinued operations
(a)
(4,635)
(1,505)
of which capital gain on the divestiture of Activision Blizzard
(2,915)
-
Change in deferred tax asset related to Vivendi SA’s French Tax Group and to the Consolidated Global Profit Tax Systems
161
48
Non-recurring items related to provision for income taxes
194
(25)
Provision for income taxes on adjustments
(220)
(185)
Non-controlling interests on adjustments
695
668
Adjusted net income
1,540
1,705
(a)
As reported in the Consolidated Statement of Earnings.
