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4
Note 20. Financial Income and Expenses in Relation to Related Parties
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements |
Statutory Financial Statements
Note 20.
Financial Income and Expenses in Relation to Related Parties
In 2014, financial expenses and income in relation to related parties
amounted to €16.6 million (of which €14.5 million in interest expense
associated with the current account with UMG) and €53.1 million
(including €37.1 million in interest income associated with the current
accounts made available by Vivendi to Groupe Canal+), respectively.
Note 21.
Compensation of Directors and Officers
Total gross compensation (including benefits in kind) paid by Vivendi SA
in 2014 to members of the Management Board in respect of their
corporate office amounted to €4.8 million (compared to €2.3 million in
2013), of which €0.8 million has been recharged to a subsidiary of the
Group (compared to no recharge in 2013).
The members of the Management Board paid by Vivendi SA and in office
as of December 31, 2014 also benefit from a supplemental pension
plan, the cost of which amounted to €1.9 million in 2014 (compared to
€0.2 million in 2013).
The aggregate amount of attendance fees paid to members of the
Supervisory Board in respect of fiscal year 2014 amounted to €1.1 million.
In addition, at its meeting held on April 4 and 5, 2014, the Supervisory
Board decided to award additional compensation of €130,000 to members
of the
ad hoc
Committee, owing to the workload due to its mandate and
the high quality of work they had contributed. The compensation paid to
the Chairman of the Supervisory Board in office until June 24, 2014, and
the amount paid to a non-voting Director in respect of fiscal year 2014,
amounted to €0.3 million and €0.1 million, respectively.
Note 22.
Management Share Ownership
As of December 31, 2014, members of the Management Board, the
Supervisory Board and executive management held directly an aggregate
of 0.03% of the share capital of the Company.
Note 23.
Number of Employees
In 2014, the annual average number of employees, weighted by effective
presence, including temporary workers and employees under fixed-term
contracts, was 194, compared to 214 in 2013.
The breakdown of employees by category, i.e., 184 employees as of
December 31, 2014, compared to 200 employees as of December 31,
2013, is as follows:
12/31/2014
12/31/2013
Engineers and executives
139
154
Supervisors
22
23
Other employees
23
23
Total
184
200
320
Annual Report 2014