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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 10. Content assets and commitments
Note 10.
Content assets and commitments
10.1.
Content assets
(in millions of euros)
December 31, 2014
Content assets, gross
Accumulated amortization
and impairment losses
Content assets
Film and television costs
6,003
(5,244)
759
Sports rights
411
-
411
Music catalogs and publishing rights
7,897
(6,031)
1,866
Advances to artists and repertoire owners
642
-
642
Merchandising contracts and artists services
27
(20)
7
Content assets
14,980
(11,295)
3,685
Deduction of current content assets
(1,155)
20
(1,135)
Non-current content assets
13,825
(11,275)
2,550
(in millions of euros)
December 31, 2013
Content assets, gross
Accumulated amortization
and impairment losses
Content assets
Film and television costs
5,678
(4,875)
803
Sports rights
380
-
380
Music catalogs and publishing rights
6,992
(5,032)
1,960
Advances to artists and repertoire owners
621
-
621
Merchandising contracts and artists services
25
(17)
8
Content assets
13,696
(9,924)
3,772
Deduction of current content assets
(1,176)
27
(1,149)
Non-current content assets
12,520
(9,897)
2,623
Changes in main content assets
(in millions of euros)
Year ended December 31,
2014
2013
Opening balance
3,772
4,371
Amortization of content assets excluding those acquired through business combinations
(14)
(81)
Amortization of content assets acquired through business combinations
(334)
(344)
Increase
2,339
2,495
Decrease
(2,352)
(2,332)
Business combinations
27
3
Divestitures in progress or completed
-
(347)
Changes in foreign currency translation adjustments and other
247
7
Closing balance
3,685
3,772
245
Annual Report 2014