273
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 20. Provisions
Note 20.
Provisions
(in millions of euros)
Note
December 31,
2012
(a)
Addition Utilization Reversal
Business
combinations
Divestitures,
changes in foreign
currency translation
adjustments
and other
December 31,
2013
Employee benefits
(b)
715
23
(56)
(16)
10
(2)
674
Restructuring costs
(c)
258
199
(256)
(1)
(5)
(39)
156
Litigations
(d)
28
1,357
143
(58)
(41)
13
(35)
1,379
Losses on onerous contracts
143
13
(62)
(1)
35
-
128
Contingent liabilities due to disposal
(e)
27.4
24
3
-
(3)
-
-
24
Cost of dismantling and restoring sites
(f)
83
-
(4)
-
-
(4)
75
Other
(g)
1,389
99
(111)
(245)
34
(79)
(h)
1,087
Provisions
3,969
480
(547)
(307)
87
(159)
3,523
Deduction of current provisions
(711)
(277)
237
130
(7)
9
(619)
Non-current provisions
3,258
203
(310)
(177)
80
(150)
2,904
(in millions of euros)
Note
January 1,
2012
(a)
Addition Utilization Reversal
Business
combinations
Divestitures,
changes in foreign
currency translation
adjustments
and other
December 31,
2012
(a)
Employee benefits
(b)
617
43
(78)
(34)
60
107
715
Restructuring costs
(c)
48
322
(154)
-
52
(10)
258
Litigations
(d)
28
479 1,015
(54)
(82)
4
(5)
1,357
Losses on onerous contracts
237
19
(104)
(10)
-
1
143
Contingent liabilities due to disposal
(e)
27.4
41
-
-
-
-
(17)
24
Cost of dismantling and restoring sites
(f)
70
1
(3)
-
-
15
83
Other
(g)
773
748
(107)
(63)
29
9
1,389
Provisions
2,265 2,148
(500)
(189)
145
100
3,969
Deduction of current provisions
(586)
(316)
91
139
(12)
(27)
(711)
Non-current provisions
1,679 1,832
(409)
(50)
133
73
3,258
(a)
As of January 1, 2013, Vivendi applied, with retrospective effect as 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 standards (please refer to Note 33).
(b)
Includes employee deferred compensation as well as provisions for defined employee benefit plans (€619 million as of December 31, 2013 and
€662 million as of December 31, 2012; please refer to Note 21.2), but excludes employee termination reserves recorded under restructuring costs.
(c)
Mainly relates to provisions for restructuring at UMG (€67 million as of December 31, 2013 and €78 million as of December 31, 2012)
and SFR (€85 million as of December 31, 2013 and €170 million as of December 31, 2012).
(d)
As of December 31, 2013 and 2012, notably includes the reserve accrual in relation to the Liberty Media Corporation litigation and the securities
class action in the United States for €945 million and €100 million, respectively (please refer to Note 28).
(e)
Certain commitments given in relation to divestitures are the subject of provisions. These provisions are not significant and the amount
is not disclosed because such disclosure could be prejudicial to Vivendi.
(f)
GVT and SFR are required to dismantle and restore each telephony antenna site following termination of a site lease, without renewal.
(g)
Notably includes provisions for fiscal and legal litigation for which the amount is not detailed because such disclosure could be prejudicial
to Vivendi.
(h)
Notably includes the reserve accruals related to the impacts of the Consolidated Global Profit Tax System in 2011 (€366 million), as well
as the impact related to the use of tax credits in 2012 (€220 million): please refer to Note 6.
