Page 320 - 2012 Annual Report

320 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
IV - VIVENDI SA 2012 STATUTORY FINANCIAL STATEMENTS
IV - Vivendi SA 2012 Statutory Financial Statements
1. STATUTORY AUDITORS’ REPORT ON THE
FINANCIAL STATEMENTS 321
2. 2012 STATUTORY FINANCIAL STATEMENTS 323
3. NOTES TO THE 2012 STATUTORY FINANCIAL
STATEMENTS 327
Major Events in 2012 327
Note 1. Accounting Rules and Methods 329
Note 2. Operating Earnings/(Loss) 332
Note 3. Net Financial Income/(Loss) 333
Note 4. Net Exceptional Items 334
Note 5. Income Taxes 334
Note 6. Intangible Assets and Property, Plant
and Equipment 335
Note 7. Long-term Investments 336
Note 8. Treasury Shares 337
Note 9. Current Assets 338
Note 10. Receivables Maturity Schedule 339
Note 11. Deferred Charges 339
Note 12. Unrealized Foreign Exchange Gains and Losses 339
Note 13. Equity 340
Note 14. Share-based Compensation Plans 341
Note 15. Provisions 343
Note 16. Borrowings 344
Note 17. Debt Maturity Schedule 346
Note 18. Items Impacting Several Items of the Statement
of Financial Position 346
Note 19. Financial Income and Expenses in Relation to
Related Parties 347
Note 20. Compensation of Directors and Officers 347
Note 21. Management Share Ownership 347
Note 22. Number of Employees 347
Note 23. Financial Commitments and Contingent Liabilities 348
Note 24. Litigation 351
Note 25. Instruments Used to Manage Borrowings 355
Note 26. Foreign Currency Risk Management 356
Note 27. Fair Value of Derivative Instruments 356
Note 28. Deferred Deductions for Taxes 357
Note 29. Subsequent Events 357
4. SUBSIDIARIES AND AFFILIATES 358
5. MATURITY OF TRADE ACCOUNTS PAYABLE 359
6. FINANCIAL RESULTS OF THE LAST FIVE YEARS 360
7. STATUTORY AUDITORS’ REPORT ON RELATED
PARTY AGREEMENTS AND COMMITMENTS 361