Page 207 - 2012 Annual Report

207
VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
II - APPENDICES TO THE FINANCIAL REPORT: UNAUDITED SUPPLEMENTARY FINANCIAL DATA
1. ADJUSTED NET INCOME
II - Appendices to the Financial Report:
Unaudited supplementary financial data
1. ADJUSTED NET INCOME
Vivendi considers adjusted net income, a non-GAAP measure, to be a
relevant indicator of the group’s operating and financial performance.
Vivendi Management uses adjusted net income because it illustrates
the underlying performance of continuing operations more effectively
by excluding most non-recurring and non-operating items. Adjusted net
income is defined in Note 1.2.3 to the Consolidated Financial Statements
for the year ended December 31, 2012.
RECONCILIATION OF EARNINGS ATTRIBUTABLE TO VIVENDI SA SHAREOWNERS TO ADJUSTED NET INCOME
(in millions of euros)
Year ended December 31,
2012 2011
Earnings attributable to Vivendi SA shareowners (a) 164 2,681
Adjustments
Amortization of intangible assets acquired through business combinations 487 510
Impairment losses on intangible assets acquired through business combinations (a) 760 397
Reserve accrual regarding the Liberty Media Corporation litigation in the United States (a) 945 -
Other income (a) (22) (1,385)
Other charges (a) 235 656
Other financial income (a) (37) (14)
Other financial charges (a) 210 167
Change in deferred tax asset related to Vivendi SA’s French Tax Group and to the Consolidated Global Profit Tax Systems 48 129
Non-recurring items related to provision for income taxes (25) 41
Provision for income taxes on adjustments (203) (200)
Non-controlling interests on adjustments (12) (30)
Adjusted net income 2,550 2,952
(a) As presented in the Consolidated Statement of Earnings.