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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 8. Charges and income directly recognized in equity
Note 8.
Charges and income directly recognized in equity
(in millions of euros)
Note
Year ended December 31, 2014
Gross
Tax
Net
Actuarial gains/(losses) related to employee defined benefit plans
19
(93)
25
(68)
Items not reclassified to profit or loss
(93)
25
(68)
Foreign currency translation adjustments
(a)
778
-
778
Unrealized gains/(losses)
907
29
936
Change in fair value
(b)
920
(5)
915
Transferred to profit or loss of the period
(c)
(95)
36
(59)
Other
(d)
123
-
123
Assets available for sale
14
948
31
979
Cash flow hedge instruments
15
(1)
14
Change in fair value
6
(1)
5
Transferred to profit or loss of the period
9
-
9
Net investment hedge instruments
(56)
-
(56)
Change in fair value
(56)
-
(56)
Transferred to profit or loss of the period
-
-
-
Hedging instruments
22
(41)
(1)
(42)
Other impacts
(94)
-
(94)
Items to be subsequently reclassified to profit or loss
1,591
29
1,620
Charges and income directly recognized in equity
1,498
54
1,552
(in millions of euros)
Note
Year ended December 31, 2013
Gross
Tax
Net
Actuarial gains/(losses) related to employee defined benefit plans
19
(22)
(1)
(23)
Items not reclassified to profit or loss
(22)
(1)
(23)
Foreign currency translation adjustments
(e)
(1,429)
-
(1,429)
Unrealized gains/(losses)
99
(41)
58
Change in fair value
120
(42)
78
Transferred to profit or loss of the period
1
-
1
Assets available for sale
14
121
(42)
79
Cash flow hedge instruments
2
1
3
Change in fair value
16
-
16
Transferred to profit or loss of the period
(14)
1
(13)
Net investment hedge instruments
(24)
-
(24)
Change in fair value
15
-
15
Transferred to profit or loss of the period
(39)
-
(39)
Hedging instruments
22
(22)
1
(21)
Other impacts
16
(1)
15
Items to be subsequently reclassified to profit or loss
(1,314)
(42)
(1,356)
Charges and income directly recognized in equity
(1,336)
(43)
(1,379)
(a)
Mainly relates to foreign currency translation adjustments due to fluctuations in exchange rates at UMG (€730 million).
(b)
Primarily includes unrealized capital gains related to 97.4 million shares in Numericable-SFR from November 27 to December 31, 2014 for
€743 million (please refer to Note 3.1) and 41.5 million shares in Activision Blizzard in 2014 for €150 million (please refer to Note 3.4). In accordance
with IAS 39, these available-for-sale securities were valued on stock market price at each reporting date; relevant unrealized gains and losses were
directly recognized in equity and will be reclassified to profit or loss upon their sale, if any.
(c)
Relates to the reclassification to profit or loss of the gain realized on the sale of the interest in Beats by UMG in August 2014.
(d)
Relates to the unrealized gain generated from October 11 to December 31, 2013 with respect to 41.5 million Activision Blizzard shares held by Vivendi
as of December 31, 2014 following their reclassification from assets held for sale to available-for-sale securities as Vivendi Management has decided
not to sell this interest in the immediate future. As of December 31, 2014, this interest amounted to $836 million (€689 million) and the unrealized
capital gain with respect to this interest amounted to €273 million.
(e)
Includes the changes in foreign currency translation adjustments relating to discontinued operations for €685 million and the reclassification in
earnings for €555 million as part of the sale of 88% of the interest in Activision Blizzard.
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Annual Report 2014