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Note 25. Contractual obligations and other commitments
(in millions of euros)
2014
2013
Assets
Trade accounts receivable and other
32
35
of which Havas
11
15
Liabilities
Trade accounts payable and other
12
2
of which Havas
5
1
Statement of earnings
Operating income
100
88
of which Havas
2
1
Operating expenses
(72)
(70)
of which Havas
(24)
(24)
Bolloré
(9)
(7)
Contractual obligations, net off-balance sheet
66
63
Advertising transactions
of which advertising sales realized via Havas’ agencies
89
88
media costs realized via Havas’ agencies
(62)
(62)
Some subsidiaries of Havas Group render operating services to Vivendi
and its subsidiaries under arm’s length terms. Regarding Canal+ Group:
p
p
as part of advertising campaigns, customers of Havas Group entered
into transactions through media space with Canal+ Group for an
aggregate amount of €89 million in 2014 (€88 million in 2013);
p
p
as part of advertising campaigns developed for Canal+, Canalsat, and
Canalplay, Canal+ Group entered into transactions with main media
companies through Havas Group and its media spaces for €62 million
in 2014 (€62 million in 2013);
p
p
transactions excluding media, production, broadcast rights and fees
were completed by Havas Group and its subsidiaries for €9 million
in 2014; and
p
p
Havas Group and its subsidiaries developed and designed advertising
campaigns in favor of Canal+ Group for €13 million in 2014.
In addition, Havas and Universal Music Group (UMG) announced the
following agreements:
p
p
on September 29, 2014: digital brand integrations in select UMG
music videos by using Mirriad’s Academy Award-winning video
technology; and
p
p
on January 5, 2015: formation of Global Music Data Alliance (GMDA)
related to consumer’s data.
Note 25.
Contractual obligations and other commitments
Vivendi’s material contractual obligations and contingent assets and
liabilities include:
p
p
contracts entered into, which relate to the group’s business
operations, such as content commitments (please refer to Note 10.2),
contractual obligations and commercial commitments recorded in
the Statement of Financial Position, including finance leases, off-
balance sheet operating leases and subleases and off-balance sheet
commercial commitments, such as long-term service contracts and
purchase or investment commitments;
p
p
commitments related to the group’s consolidation scope contracted
through acquisitions or divestitures such as share purchase or sale
commitments, contingent assets and liabilities subsequent to given
or received commitments related to the divestiture or acquisition of
shares, commitments resulting from Shareholders’ agreements and
collateral and pledges granted to third parties over Vivendi’s assets;
p
p
commitments related to the group’s financing: undrawn confirmed
bank credit facilities as well as the management of interest rate,
foreign currency and liquidity risks (please refer to Notes 21 and 22);
and
p
p
contingent assets and liabilities related to litigation in which Vivendi
and/or its subsidiaries are either plaintiff or defendant (please refer
to Note 26).
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Annual Report 2014