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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
Notes to the Consolidated Financial Statements
Note 1. Accounting policies and valuation methods 206 1.1. Compliance with accounting standards 206 1.2. Presentation of the Consolidated Financial Statements 206 1.2.1. Consolidated Statement of Earnings 206 1.2.2. Consolidated Statement of Cash Flows 207 1.2.3. Operating performance of each operating segment and the group 207 1.2.4. Consolidated Statement of Financial Position 208 1.3. Principles governing the preparation of the Consolidated Financial Statements 208 1.3.1. Use of estimates 208 1.3.2. Principles of consolidation 209 1.3.3. Foreign currency translation 210 1.3.4. Revenues from operations and associated costs 210 1.3.5. Assets 211 1.3.6. Assets held for sale and discontinued operations 214 1.3.7. Financial liabilities 216 1.3.8. Other liabilities 217 1.3.9. Deferred taxes 217 1.3.10. Share-based compensation 218 1.4. Related parties 219 1.5. Contractual obligations and contingent assets and liabilities 219 1.6. New IFRS standards and IFRIC interpretations that have been published but are not yet effective 219 Note 2. Segment data 220 2.1. Operating segment data 220 2.2. Geographic information 224 Note 3. Discontinued operations 224 3.1. Sale of SFR 225 3.2. Plan to sell GVT 227 3.3. Sale of Maroc Telecom group 227 3.4. Sale of Activision Blizzard shares 228 3.5. Earnings from discontinued operations 229 3.6. Assets and liabilities of discontinued businesses 230 3.7. Statement of Cash Flows of discontinued operations 231 Note 4. EBIT 232 Note 5. Financial charges and income 234 Note 6. Income taxes 235 6.1. French Tax Group and Consolidated Global Profit Tax Systems 235 6.2. Provision for income taxes 236 6.3. Provision for income taxes and income tax paid by geographic area 236 6.4. Effective tax rate 237 6.5. Deferred tax assets and liabilities 237 6.6. Tax audits 239 Note 7. Earnings per share 239 Note 8. Charges and income directly recognized in equity 240 Note 9. Goodwill 241 Note 10. Content assets and commitments 245 10.1. Content assets 245 10.2. Contractual content commitments 246 Note 11. Other intangible assets 248 Note 12. Property, plant and equipment 249 Note 13. Investments in equity affiliates 250 Note 14. Financial assets 250 Note 15. Net working capital 251 Note 16. Cash and cash equivalents 251 Note 17. Equity 252 Note 18. Provisions 253Notes to the Consolidated Financial Statements
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Annual Report 2014