263
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 11. Content assets and commitments
Changes in main content assets
(in millions of euros)
Year ended December 31,
2013
2012
Opening balance
4,371
3,551
Amortization of content assets excluding those acquired through business combinations
(81)
(a)
(122)
Amortization of content assets acquired through business combinations
(344)
(a)
(324)
Impairment losses on content assets acquired through business combinations
-
(b)
(9)
Increase
2,495
2,585
Decrease
(2,332)
(2,252)
Business combinations
3
(c)
1,077
Divestitures in progress or completed
(347)
(21)
Changes in foreign currency translation adjustments and other
7
(114)
Closing balance
3,772
4,371
(a)
Relates to the amortization of content assets as reported in the 2012 Financial Report. These amounts have not been adjusted for the impact
of the application of IFRS 5 on the Consolidated Statement of Earnings: -€95 million and -€23 million, respectively, were reclassified to the line
“Earnings from discontinued operations” for 2012.
(b)
Relates to the impairment of certain UMG music catalogs.
(c)
Primarily relates to the music catalogs acquired from EMI Recorded Music on September 28, 2012 (please refer to Note 2.3).
11.2.
Contractual content commitments
Commitments given recorded in the Statement of Financial Position: content liabilities
Content liabilities are mainly part of “Trade accounts payable and other” or part of “Other non-current liabilities” whether they are current or non-
current, as applicable (please refer to Note 17).
(in millions of euros)
Minimum future payments as of December 31, 2013
Total minimum future
payments as of
December 31, 2012
Total
Due in
2014 2015-2018 After 2018
Film and television rights
(a)
208
208
-
-
189
Sports rights
402
402
-
-
374
Music royalties to artists and repertoire owners
1,614
1,598
16
-
1,579
Creative talent, employment agreements and others
111
37
72
2
119
Games royalties
-
-
-
-
22
Content liabilities
2,335
2,245
88
2
2,283
