246
Annual Report -
2013
-
Vivendi
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements |
Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 5. Financial charges and income
Note 5.
Financial charges and income
Interest
(in millions of euros)
Year ended December 31,
2013
2012
(Charge)/Income
Interest expense on borrowings
(553)
(572)
Interest income from cash and cash equivalents
25
28
Interest
(528)
(544)
Fees and premiums on borrowings and credit facilities issued/redeemed and early unwinding of hedging derivative
instruments
(207)
(15)
(735)
(559)
Other financial income and charges
(in millions of euros)
Note
Year ended December 31,
2013
2012
Expected return on plan assets related to employee benefit plans
21.2
13
13
Foreign exchange gain
38
-
of which GVT’s euro borrowing to Vivendi SA
24
38
-
Change in value of derivative instruments
-
23
Other
-
1
Other financial income
51
37
Effect of undiscounting liabilities
(a)
(28)
(31)
Interest cost related to employee benefit plans
21.2
(33)
(36)
Fees and premiums on borrowings and credit facilities issued/redeemed and early unwinding of
hedging derivative instruments
(207)
(15)
Foreign exchange loss
(270)
(103)
of which GVT’s euro borrowing to Vivendi SA
24
(224)
(76)
Change in value of derivative instruments
(1)
-
Other
(22)
(19)
Other financial charges
(561)
(204)
Net total
(510)
(167)
(a)
In accordance with accounting standards, when the effect of the time value of money is material, assets and liabilities are initially recorded on
the Statement of Financial Position in an amount corresponding to the present value of the expected revenues and expenses. At the end of each
subsequent period, the present value of such assets and liabilities is adjusted to account for the passage of time. As of December 31, 2013 and
2012, these adjustments only applied to liabilities (mainly trade accounts payable and provisions).
