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Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 25. Contractual obligations and other commitments
25.2.
Other commitments given or received relating to operations
Ref.
Context
Characteristics (nature and amount)
Expiry
Given commitments
Individual rights to training for French employees
Approximately 0.4 million hours (1.6 million hours
as of December 31, 2013).
-
Obligations in connection with pension plans and post-retirement benefits
Please refer to Note 19.
-
(a)
Other guarantees given
Cumulated amount of €93 million (compared to
€156 million as of December 31, 2013).
-
Received commitments
(b)
Agreements on the digital distribution of music rights
Minimum guarantees.
-
Other guarantees received
No impact as of December 31, 2014 (compared to
€1 million as of December 31, 2013).
-
(a)
Vivendi grants guarantees in various forms to financial institutions on behalf of its subsidiaries in the course of their operations.
(b)
Mainly relates to commitments received by UMG from third parties in connection with agreements subject to minimum guarantees on the digital
distribution of music rights.
25.3.
Share purchase and sale commitments
In connection with the purchase or sale of operations and financial
assets, Vivendi has granted or received commitments to purchase or sell
securities:
p
p
On September 18, 2014, pursuant to an agreement entered into with
Telefonica, Vivendi committed to sell GVT (please refer to Note 3.2);
p
p
the liquidity rights related to Vivendi’s interest in Numericable-SFR
are described in Note 3.1; and
p
p
the liquidity rights in respect of the strategic partnership between
Canal+ Group, ITI, and TVN are detailed in Note 25.5 below.
Vivendi and its subsidiaries have granted or received purchase or
sale options related to shares in equity affiliates and unconsolidated
investments.
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