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Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 12. Property, plant and equipment
Note 12.
Property, plant and equipment
Depreciation of property, plant and equipment related to continuing
operations (primarily Canal+ Group and UMG) was recognized as cost
of revenues and in selling, general and administrative expenses for
-€232 million in 2014 and -€228 million in 2013. It mainly consists of
set top boxes (-€129 million in 2014, compared to -€125 million in 2013).
Depreciation of property, plant and equipment related to discontinued
operations was recognized as earnings from discontinued operations.
It amounted to -€411 million in 2014 and -€1,624 million in 2013 and
primarily pertains to SFR and GVT for -€212 million and -€199 million,
respectively in 2014 (compared to -€932 million and -€281 million,
respectively, in 2013).
(in millions of euros)
December 31, 2014
Property, plant and
equipment, gross
Accumulated depreciation
and impairment losses
Property, plant and
equipment
Land
4
-
4
Buildings
133
(101)
32
Equipment and machinery
488
(402)
86
Set top boxes
976
(584)
392
Construction-in-progress
36
-
36
Other
597
(430)
167
2,234
(1,517)
717
(in millions of euros)
December 31, 2013
Property, plant and
equipment, gross
Accumulated depreciation
and impairment losses
Property, plant and
equipment
Land
82
(2)
80
Buildings
3,052
(1,718)
1,334
Equipment and machinery
8,768
(4,704)
4,064
Set top boxes
2,197
(1,224)
973
Construction-in-progress
353
-
353
Other
2,109
(1,372)
737
16,561
(9,020)
7,541
Changes in property, plant and equipment
(in millions of euros)
Year ended December 31,
2014
2013
Opening balance
7,541
9,926
Depreciation
(643)
(a)
(1,851)
Acquisitions/Increase
1,404
2,448
Divestitures/Decrease
(42)
(115)
Business combinations
25
(40)
Divestitures in progress or completed
(7,542)
(2,381)
Changes in foreign currency translation adjustments and other
(26)
(446)
Closing balance
717
7,541
(a)
Relates to the depreciation of property, plant and equipment as published in the 2013 Annual Report. This amount was not adjusted for the impact
on the Consolidated Income Statement of the application of IFRS 5 to Activision Blizzard and Maroc Telecom group as well as SFR and GVT (please
see below).
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Annual Report 2014