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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
Note 3. Discontinued operations
3.7. Statement of Cash Flows of discontinued operations
In accordance with IFRS 5, the line “Cash Flows of discontinued
operations” of Vivendi’s Consolidated Statement of Cash Flows takes into
account GVT (for the years 2014 and 2013), SFR (for the year 2013 and
until its effective sale in 2014), Maroc Telecom group (for the year 2013
and until its effective sale in 2014), and Activision Blizzard (until its
effective sale in 2013).
(in millions of euros)
2014 contributions
GVT
SFR
Maroc Telecom
group
Total
Operating activities
Gross cash provided by operating activities before income tax paid
710
1,846
345
2,901
Other changes in net working capital
(40)
(320)
27
(333)
Net cash provided by operating activities
593
1,339
302
2,234
Investing activities
Capital expenditures, net
(617)
(1,238)
(146)
(2,001)
Change in financial assets, net
2
(35)
-
(33)
Net cash provided by/(used for) investing activities
(615)
(1,273)
(146)
(2,034)
Financing activities
Dividends paid to non-controlling interests
-
(7)
(20)
(27)
Other transactions with non-controlling interests
-
-
(11)
(11)
Interest paid, net on financings
(22)
(6)
-
(28)
Interest paid on borrowings from Vivendi
(13)
(141)
-
(154)
Other transactions on borrowings and other financial liabilities
(25)
(410)
(101)
(536)
Net cash provided by/(used for) financing activities excluding
intersegment transactions
(60)
(564)
(132)
(756)
Transactions with Vivendi on borrowings and other financial liabilities
110
237
-
347
Net cash provided by/(used for) financing activities
50
(327)
(132)
(409)
Foreign currency translation adjustments
(2)
-
(2)
(4)
Change in cash and cash equivalents
26
(261)
22
(213)
Cash and cash equivalents
At beginning of the period
154
394
396
944
At end of the period
180
133
418
731
231
Annual Report 2014