Page 8 - 2012 Annual Report

VIVENDI l 2012 l Annual Report 8
GROUP PROFILE – BUSINESSES – LITIGATION – RISK FACTORS 1
1
SECTION 1 - GROUP PROFILE
KEY FIGURES
Adjusted Net Income per share and dividend per share
December 31 – in euros
Financial Net Debt and equity
December 31 – in millions of euros
2012 2011 2010
Adjusted Net Income per share 1.96 2.30 2.12
Dividend per share for fiscal year 1.00 1.00 1.40
2012 2011 2010
Financial Net Debt 13,419 12,027 8,073
Equity (1) 21,436 22,070 28,173
(1) In accordance with IAS 27 revised standard, the acquisition by Vivendi of a 44% interest in SFR from Vodafone
on June 16, 2011, for a total amount of €7,750 million, was accounted for as a purchase of non-controlling
interests and accordingly the consideration paid was fully recognized as a deduction from equity in 2011.
The difference between the consideration paid and the carrying value of non-controlling interests acquired
as of June 16, 2011, i.e., a net amount of €6,049 million, was recorded as a deduction from equity attributable
to Vivendi SA shareowners.
Adjusted Net Income per share has been adjusted for all periods previously published in order to
reflect the dilution arising from the grant to each shareholder on May 9, 2012, of one bonus share
for each 30 shares held, in accordance with IAS 33 – Earnings per share.
Vivendi considers Financial Net Debt, a non-GAAP measure, to be a relevant indicator in
measuring Vivendi’s indebtedness. Financial Net Debt is calculated as the sum of long-term and
short-term borrowings and other long-term and short-term financial liabilities as reported on the
Consolidated Statement of Financial Position, less cash and cash equivalents as reported on the
Consolidated Statement of Financial Position as well as derivative financial instruments in assets,
cash deposits backing borrowings, and certain cash management financial assets (included in the
Consolidated Statement of Financial Position under “financial assets”).
Financial Net Debt should be considered in addition to, and not as a substitute for, other GAAP
measures reported on the Consolidated Statement of Financial Position, as well as other
measures of indebtedness reported in accordance with GAAP.
Vivendi Management uses Financial Net Debt for reporting and planning purposes, as well as to
comply with certain debt covenants of Vivendi.
0.0
0.5
1.0
1.5
2.0
2.5
2012 2011 2010
0
5 000
10 000
15 000
20 000
25 000
30 000
2012 2011 2010