267
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 14. Intangible and tangible assets of telecom operations
Changes in property, plant and equipment
(in millions of euros)
Year ended December 31,
2013
2012
Opening balance
9,926
9,001
Depreciation
(1,851)
(a)
(1,743)
Acquisitions/Increase
2,448
2,769
Divestitures/Decrease
(115)
(39)
Business combinations
(40)
170
Divestitures in progress or completed
(2,381)
-
Changes in foreign currency translation adjustments
(444)
(232)
Other
(2)
-
Closing balance
7,541
9,926
(a)
Relates to the depreciation of property, plant and equipment as published in the 2012 Financial Report. This amount was not adjusted for the
impact of the application of IFRS 5 on the Consolidated Statement of Earnings (see below).
Note 14.
Intangible and tangible assets of telecom operations
(in millions of euros)
December 31, 2013
SFR
GVT
Maroc
Telecom
Group
Total
Other intangible assets, net
Software
1,153
55
-
1,208
Telecom licenses
(a)
1,885
-
-
1,885
Customer bases
86
21
-
107
Trade names
-
97
-
97
Other
807
11
-
818
3,931
184
-
4,115
Property, plant and equipment, net
Land
76
-
-
76
Buildings
1,286
15
-
1,301
Equipment and machinery
2,078
1,904
-
3,982
Construction-in-progress
304
-
-
304
Other
788
358
-
1,146
4,532
2,277
-
6,809
Intangible and tangible assets of telecom operations, net
8,463
2,461
-
10,924
Depreciation of property, plant and equipment (primarily Canal+ Group,
UMG, GVT, and SFR) was recognized as cost of revenues and in selling,
general and administrative expenses for -€1,441 million in 2013 and
-€1,327 million in 2012. It mainly consists of buildings (-€126 million in
2013, compared to -€124 million in 2012) and equipment and machinery
(-€852 million in 2013, compared to -€752 million in 2012).
Depreciation of property, plant and equipment of discontinued
businesses was recognized as earnings from discontinued operations.
It mainly consists of Activision Blizzard and Maroc Telecom Group
for -€45 million and -€365 million, respectively in 2013 (compared to
-€70 million and -€346 million, respectively in 2012).
