250
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 6. Income taxes
6.5.
Deferred tax assets and liabilities
Changes in deferred tax assets/(liabilities), net
(in millions of euros)
Year ended December 31,
2013
2012
(a)
Opening balance of deferred tax assets/(liabilities)
454
719
Provision for income taxes
(b)
(437)
(8)
Charges and income directly recorded in equity
(c)
-
18
Business combinations
163
(278)
Divestitures in progress or completed
(206)
-
Changes in foreign currency translation adjustments and other
79
3
Closing balance of deferred tax assets/(liabilities)
53
454
(a)
Vivendi applied from January 1, 2013, with retrospective effect from January 1, 2012, amended IAS 19 -
Employee Benefits
, whose application is
mandatory in the European Union beginning on or after January 1, 2013 (please refer to Note 1). As a result, the 2012 Financial Statements were
adjusted in accordance with the new standard (please refer to Note 33).
(b)
Includes income/(charge) related to Activision Blizzard and Maroc Telecom Group taxes: in accordance with IFRS 5, these amounts were
reclassified to the line “Earnings from discontinued operations” in the 2013 and 2012 Consolidated Statement of Earnings.
(c)
Includes -€43 million recognized in other items of charges and income directly recognized in equity for the year ended December 31, 2013,
compared to +€22 million in 2012 (please refer to Note 9).
Components of deferred tax assets and liabilities
(in millions of euros)
December 31, 2013
December 31, 2012
(a)
Deferred tax assets
Deferred taxes, gross
Tax attributes
(b)
2,623
2,639
of which Vivendi SA
(c)
1,527
1,567
US tax group
(d)
364
623
Temporary differences
(e)
1,073
1,795
Netting
(501)
(366)
Deferred taxes, gross
3,195
4,068
Deferred taxes, unrecognized
Tax attributes
(b)
(2,271)
(2,138)
of which Vivendi SA
(c)
(1,364)
(1,243)
US tax group
(d)
(364)
(623)
Temporary differences
(e)
(191)
(485)
Deferred taxes, unrecognized
(2,462)
(2,623)
Recorded deferred tax assets
733
1,445
Deferred tax liabilities
Purchase accounting asset revaluations
(f)
591
901
Other
590
456
Netting
(501)
(366)
Recorded deferred tax liabilities
680
991
Deferred tax assets/(liabilities), net
53
454
(a)
Vivendi applied from January 1, 2013, with retrospective effect from January 1, 2012, amended IAS 19 -
Employee Benefits
, whose application is
mandatory in the European Union beginning on or after January 1, 2013 (please refer to Note 1). As a result, the 2012 Financial Statements were
adjusted in accordance with the new standard (please refer to Note 33).
(b)
The amounts of tax attributes, as reported in this table, were estimated at the end of the relevant fiscal years. In jurisdictions which are material
to Vivendi, mainly France and the United States, tax returns are filed at the latest on May 15 and September 15 of the following year, respectively.
