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Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements |
Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Consolidated Statement of Earnings
Consolidated Statement of Earnings
Note
Year ended December 31.
2014
2013
(a)
Revenues
4
10,089
10,252
Cost of revenues
4
(6,121)
(6,097)
Selling, general and administrative expenses
(3,155)
(3,358)
Restructuring charges and other operating charges and income
(158)
(192)
Impairment losses on intangible assets acquired through business combinations
4
(92)
(6)
Other income
4
203
88
Other charges
4
(30)
(50)
Earnings before interest and income taxes (EBIT)
2
736
637
Income from equity affiliates
13
(18)
(21)
Interest
5
(96)
(266)
Income from investments
3
66
Other financial income
5
19
13
Other financial charges
5
(751)
(300)
Earnings from continuing operations before provision for income taxes
(107)
129
Provision for income taxes
6.2
(130)
17
Earnings from continuing operations
(237)
146
Earnings from discontinued operations
3
5,262
2,633
Earnings
5,025
2,779
of which
Earnings attributable to Vivendi SA shareowners
4,744
1,967
of which
earnings from continuing operations attributable to Vivendi SA shareowners
(290)
43
earnings from discontinued operations attributable to Vivendi SA shareowners
5,034
1,924
Non-controlling interests
281
812
of which earnings from continuing operations
53
103
earnings from discontinued operations
228
709
Earnings from continuing operations attributable to Vivendi SA shareowners per share – basic
7
(0.22)
0.03
Earnings from continuing operations attributable to Vivendi SA shareowners per share – diluted
7
(0.22)
0.03
Earnings from discontinued operations attributable to Vivendi SA shareowners per share – basic
7
3.74
1.45
Earnings from discontinued operations attributable to Vivendi SA shareowners per share – diluted
7
3.73
1.44
Earnings attributable to Vivendi SA shareowners per share – basic
7
3.52
1.48
Earnings attributable to Vivendi SA shareowners per share – diluted
7
3.51
1.47
In millions of euros, except per share amounts, in euros.
(a)
In compliance with IFRS 5 –
Non-current Assets Held for Sale and Discontinued Operations
, GVT (as from the third quarter of 2014), SFR (as from
the first quarter of 2014) as well as Maroc Telecom and Activision Blizzard (as from the second quarter of 2013) have been reported in the
Consolidated Statement of Earnings as discontinued operations (please refer to Note 3). Vivendi deconsolidated SFR, Maroc Telecom group and
Activision Blizzard as from November 27, 2014, May 14, 2014, and October 11, 2013, respectively. The adjustments to previously published data
are presented in Note 31.
The accompanying notes are an integral part of the Consolidated Financial Statements.
197
Annual Report 2014