273 / 348
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements |
Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 23. Consolidated Cash Flow Statement
Note 23.
Consolidated Cash FlowStatement
23.1.
Adjustments
(in millions of euros)
Note
Year ended December 31,
2014
2013
Items related to operating activities with no cash impact
Amortization and depreciation of intangible and tangible assets
4
743
666
Change in provision, net
(125)
(72)
Other non-cash items from EBIT
(1)
(2)
Other
Other income from EBIT
4
(203)
(88)
Other charges from EBIT
4
30
50
Proceeds from sales of property, plant, equipment and intangible assets
2
3
3
Adjustments
447
557
23.2.
Investing and financing activities with no cash impact
On November 27, 2014, Vivendi sold 100% of its interest in SFR
to Numericable and received €13.166 billion in cash as well as
97,387,845 shares in the new combined entity Numericable-SFR,
which represents a 20% interest and voting rights. This 20% interest in
Numericable-SFR was valued at the stock market’s price on November 27,
2014 (€33.315 per share), or €3,244 million. As of December 31, 2014,
the value of this interest in Vivendi’s Consolidated Statement of Financial
Position amounted to €3,987 million (please refer to Note 3.1).
In 2014, there was no significant financing activity with no cash impact.
In 2013, there was no significant investing or financing activity with no
cash impact.
Note 24.
Transactions with related parties
24.1.
Corporate Officers
Situation of Corporate Officers
On June 24, 2014, Vivendi’s General Shareholders’ Meeting notably
appointed three new Supervisory Board members: Ms. Katie Jacobs
Stanton, Ms. Virginie Morgon and Mr. Philippe Bénacin.
Vivendi’s Supervisory Board, which was convened immediately following
the General Shareholders’ Meeting on June 24, 2014, appointed
Mr. Vincent Bolloré as Chairman. The Board also appointed Mr. Pierre
Rodocanachi as Vice Chairman and Mr. Jean-René Fourtou, who had
chaired the group since 2002, as Honorary Chairman. The Board appointed
Mr. Daniel Camus as Chairman of the Audit Committee, and Mr. Philippe
Bénacin as Chairman of the Corporate Governance, Nominations, and
Remuneration Committee.
On June 24, 2014, the Supervisory Board also appointed the members
to the Management Board, which is comprised of Messrs. Arnaud de
Puyfontaine, who serves as Chairman, Hervé Philippe, and Stéphane
Roussel.
The Supervisory Board is currently comprised of 14 members, including
an employee shareholder representative and an employee representative.
273
Annual Report 2014