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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 27. Major consolidated entities or entities accounted under equity method
Note 27.
Major consolidated entities or entities accounted under equity method
As of December 31, 2014, approximately 540 entities were consolidated or accounted for using the equity method (compared to approximately
630 entities as of December 31, 2013).
Note
Country
December 31, 2014
December 31, 2013
Accounting
Method
Voting
Interest
Ownership
Interest
Accounting
Method
Voting
Interest
Ownership
Interest
Vivendi S.A.
France
Parent company
Parent company
Groupe Canal+ S.A.
France
C
100%
100%
C
100%
100%
Société d’Édition de Canal Plus
(a)
France
C
49%
49%
C
49%
49%
Multithématiques S.A.S.
France
C
100%
100%
C
100%
100%
Canal+ Overseas S.A.S.
France
C
100%
100%
C
100%
100%
D8
France
C
100%
100%
C
100%
100%
Studiocanal S.A.
France
C
100%
100%
C
100%
100%
ITI Neovision
Poland
C
51%
51%
C
51%
51%
TVN
13
Poland
E
49%
26%
E
49%
26%
VSTV
(b)
Vietnam
C
49%
49%
C
49%
49%
Universal Music Group, Inc.
United States
C
100%
100%
C
100%
100%
Universal Music Group Holdings, Inc.
United States
C
100%
100%
C
100%
100%
UMG Recordings, Inc.
United States
C
100%
100%
C
100%
100%
Vevo
13 United States
E
48%
48%
E
47%
47%
SIG 104
France
C
100%
100%
C
100%
100%
Universal International Music B.V.
Netherlands
C
100%
100%
C
100%
100%
Universal Music Entertainment GmbH
Germany
C
100%
100%
C
100%
100%
Universal Music LLC
Japan
C
100%
100%
C
100%
100%
Universal Music France S.A.S.
France
C
100%
100%
C
100%
100%
Universal Music Holdings Limited
United Kingdom
C
100%
100%
C
100%
100%
EMI Group Worldwide Holding Ltd.
United Kingdom
C
100%
100%
C
100%
100%
Vivendi Village
See Tickets
United Kingdom
C
100%
100%
C
100%
100%
Digitick
France
C
100%
100%
C
100%
100%
Wengo
France
C
100%
90%
C
100%
95%
Watchever Group S.A.
France
C
100%
100%
C
100%
100%
Watchever GmbH
Germany
C
100%
100%
C
100%
100%
Elektrim Telekomunikacja
Poland
C
100%
100%
C
100%
100%
Discontinued businesses
3
Global Village Telecom S.A.
(c)
3
Brazil
C
100%
100%
C
100%
100%
SFR
(d)
3
France
na
-
-
C
100%
100%
Maroc Telecom S.A.
(e)
3
Morocco
na
-
-
C
53%
53%
C: Consolidated; E: Equity.
na: not applicable.
(a)
Vivendi consolidated Société d’Édition de Canal Plus since (i) Vivendi has majority control over the Board of Directors, (ii) no other shareholder or
shareholder group is in a position to exercise substantive participating rights that would allow them to veto or block decisions taken by Vivendi
and (iii) Vivendi assumes the majority of risks and benefits pursuant to an agreement with this company through Canal+ Distribution S.A.S. Canal+
Distribution S.A.S., wholly-owned by Vivendi, guarantees this company’s results in return for exclusive commercial rights to its subscriber base.
(b)
VSTV (Vietnam Satellite Digital Television Company Limited) is held 49% by Canal+ Group and 51% by VCTV, a subsidiary of VTV (the Vietnamese
public television company). This company has been consolidated by Vivendi given that Canal+ Group has both operational and financial control over
it pursuant to a general delegation that was granted by the majority shareholder and pursuant to the company’s bylaws.
(c)
On September 18, 2014, Vivendi entered into a definitive agreement with Telefonica for the sale of GVT.
(d)
On November 27, 2014, Vivendi completed the sale of SFR to Numericable Group.
(e)
On May 14, 2014, Vivendi completed the sale of its 53% interest in Maroc Telecom group.
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Annual Report 2014