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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 30. Subsequent events
Note 30.
Subsequent events
The significant events that occurred between December 31, 2014 and
February 11, 2015 (the date of the Management Board Meeting that
approved Vivendi’s Financial Statements for the year ended December 31,
2014) were as follows:
p
p
on January 19, 2015, following a call for tenders process carried out
by the National Rugby League, Canal+ Group secured exclusive rights
related to all of the National French Rugby Championship’s “TOP 14”
matches. These rights, which include all seven games on each match
day, play-off games, as well as the
Jour de Rugby
show, cover the
seasons 2015-2016 to 2018-2019; and
p
p
in February 2015, Vivendi announced the creation of Vivendi Contents,
managed by Mr. Rodolphe Belmer, Chief Executive Officer of Canal+
Group. Vivendi Contents will be in charge of the design, leadership
and development of new content support for music and visual image,
and will manage related investments.
Note 31.
Adjustment of comparative information
In compliance with IFRS 5 –
Non-current Assets Held for Sale and
Discontinued Operations
, GVT, SFR, Maroc Telecom, and Activision
Blizzard have been reported in Vivendi’s Consolidated Financial
Statements as discontinued operations in accordance with the following
terms:
p
p
ongoing sales as of December 31, 2014:
on September 18, 2014,
Vivendi and Telefonica entered into an agreement for the sale of GVT.
As a result, GVT has been reported in the Consolidated Statement of
Earnings and Statement of Cash Flows as a discontinued operation,
as from the third quarter of 2014. Its contribution to each line
of Vivendi’s Consolidated Statement of Financial Position, as of
December 31, 2014, has been grouped under the lines “Assets of
discontinued businesses” and “Liabilities associated with assets of
discontinued businesses”;
p
p
completed sales as of December 31, 2014:
Vivendi
deconsolidated SFR, Maroc Telecom group and Activision Blizzard
as from November 27, 2014, May 14, 2014, and October 11,
2013, respectively. All three businesses have been reported in the
Consolidated Statement of Earnings and Statement of Cash Flows as
discontinued operations.
As a result, the previously published Financial Statements were adjusted.
31.1.
Adjustments made to the main aggregates of the Consolidated Statement of Earnings
The adjustments to data published for the first quarter and the first half of 2014 are reported below and only relate to GVT.
(in millions of euros)
2014
Three months
ended March 31,
Three months
ended June 30,
Six months
ended June 30,
Earnings before interest and income taxes (EBIT) (as previously published)
176
260
436
Reclassifications related to the application of IFRS 5 for GVT
-76
-81
-157
Earnings before interest and income taxes (EBIT) (restated)
100
179
279
The adjustments to data published in the 2013 Annual Report are reported below and only relate to GVT and SFR.
(in millions of euros)
2013
Three months
ended March 31,
Three months
ended June 30,
Six months
ended June 30,
Earnings before interest and income taxes (EBIT) (as published
(a)
)
472
668
1,140
Reclassifications related to the application of IFRS 5 for GVT
-85
-84
-169
Reclassifications related to the application of IFRS 5 for SFR
-311
-360
-671
Earnings before interest and income taxes (EBIT) (restated)
76
224
300
(in millions of euros)
2013
Three months
ended Sept. 30,
Nine months
ended Sept. 30,
Three months
ended Dec. 31,
Year
ended Dec. 31,
Earnings before interest and income taxes (EBIT) (as published
(a)
)
610
1,750
(2,185)
(435)
Reclassifications related to the application of IFRS 5 for GVT
-90
-259
-96
-355
Reclassifications related to the application of IFRS 5 for SFR
-317
-988
+2,415
+1,427
Earnings before interest and income taxes (EBIT) (restated)
203
503
134
637
(a)
As published in the 2013 Annual Report.
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