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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 4. EBIT
(in millions of euros)
2013 contributions
GVT
SFR
Maroc Telecom
group
Activision
Blizzard
Total
Operating activities
Gross cash provided by operating activities before income tax paid
717
2,565
1,448
907
5,637
Other changes in net working capital
(39)
(305)
29
(524)
(839)
Net cash provided by operating activities
575
1,961
1,110
307
3,953
Investing activities
Capital expenditures, net
(769)
(1,610)
(434)
(44)
(2,857)
Change in financial assets, net
(4)
(28)
5
(1,479)
(1,506)
Net cash provided by/(used for) investing activities
(773)
(1,638)
(429)
(1,523)
(4,363)
Financing activities
Dividends paid to non-controlling interests
-
(3)
(328)
(66)
(397)
Interest paid, net on financings
(23)
(16)
(29)
1
(67)
Interest paid on borrowings from Vivendi
(10)
(212)
-
-
(222)
Other transactions on borrowings and other financial liabilities
43
(46)
(13)
1,719
1,703
Net cash provided by/(used for) financing activities excluding
intersegment transactions
10
(277)
(370)
1,654
1,017
Dividends paid to Vivendi
-
(982)
-
(98)
(1,080)
Transactions with Vivendi on borrowings and other financial liabilities
184
1,063
-
-
1,247
Net cash provided by/(used for) financing activities
194
(196)
(370)
1,556
1,184
Foreign currency translation adjustments
(28)
-
(1)
(43)
(72)
Change in cash and cash equivalents
(32)
127
310
297
702
Cash and cash equivalents
At beginning of the period
186
267
86
2,989
3,528
At end of the period
154
394
396
3,286
4,230
Note 4.
EBIT
Breakdown of revenues and cost of revenues
(in millions of euros)
Year ended December 31,
2014
2013
Product sales, net
4,701
5,028
Services revenues
5,322
5,196
Other
66
28
Revenues
10,089
10,252
Cost of products sold, net
(2,365)
(2,514)
Cost of service revenues
(3,748)
(3,576)
Other
(8)
(7)
Cost of revenues
(6,121)
(6,097)
232
Annual Report 2014