255
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 7. Discontinued operations
7.2.1.
Statement of Earnings
Maroc Telecom Group
(in millions of euros)
Year ended December 31,
2013
2012
Revenues
2,559
2,689
EBITDA
1,453
1,506
Adjusted earnings before interest and income taxes (EBITA)
1,215
988
Earnings before interest and income taxes (EBIT)
1,202
962
Earnings before provision for income taxes
1,169
933
Provision for income taxes
(386)
(301)
Earnings from discontinued operations
783
632
of which attributable to Vivendi SA shareowners
348
297
non-controlling interests
435
335
7.2.2.
Statement of Financial Position
Maroc Telecom Group
(in millions of euros)
December 31, 2013
Goodwill
2,392
Property, plant and equipment
2,466
Trade accounts receivable and other
845
Cash and cash equivalents
396
Other
463
Assets of discontinued businesses
6,562
Borrowings and other financial liabilities
710
Trade accounts payable and other
1,541
Other
178
Liabilities associated with assets of discontinued businesses
2,429
4,133
■
■
Equity
As of December 31, 2013:
equity attributable to Maroc Telecom Group’s non-controlling
interests was €1,176 million; and
other comprehensive income related to Maroc Telecom Group
included foreign currency translation adjustments attributable to
Vivendi SA shareowners of €50 million, related to an unrealized
foreign exchange loss attributable to the decline in value of the
Moroccan dirham since 2001, which will be recycled to earnings
from the sale of Maroc Telecom Group upon completion of the sale.
■
■
Off-balance sheet commitments
As of December 31, 2013, Maroc Telecom Group’s commitments were
€635 million (compared to €316 million as of December 31, 2012).
On January 16, 2013, Maroc Telecom and the Moroccan State entered
into a fourth capital expenditure agreement for the period between 2013
and 2015. As of December 31, 2013, the amount of the remaining capital
expenditure obligation was €591 million.
Moreover, commitments from Maroc Telecom and its subsidiaries
include other commercial commitments and contracts entered into
relating to operations such as lease contracts for satellite transponders
and bank guarantees, which are for individually non-significant amounts.
