208
Annual Report -
2013
-
Vivendi
4
Statutory Auditors’ Report on the Consolidated Financial Statements
Financial Report |
Statutory Auditors’ Report on the Consolidated Financial Statements
| Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
III - Consolidated Financial Statements for the
year ended December 31, 2013
Statutory Auditors’ Report on the Consolidated Financial Statements
To the Shareholders,
In compliance with the assignment entrusted to us by your Annual
General Shareholders’ Meetings, we hereby report to you for the year
ended December 31, 2013 on:
the audit of the accompanying Consolidated Financial Statements of
Vivendi, hereinafter referred to as “the Company”;
the justification of our assessments; and
the specific verifications required by law.
These Consolidated Financial Statements have been approved by your
Management Board. Our role is to express an opinion on the financial
statements, based on our audit.
I.
Opinion on the Consolidated Financial Statements
We conducted our audit in accordance with professional standards
applicable in France; those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
Consolidated Financial Statements are free of material misstatement.
An audit involves performing procedures, using sampling techniques or
other methods of selection, to obtain audit evidence about the amounts
and disclosures in the Consolidated Financial Statements. An audit also
includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made, as well
as the overall presentation of the Consolidated Financial Statements.
We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
In our opinion, the Consolidated Financial Statements give a true and
fair view of the assets and liabilities and of the results of its operations
for the year then ended in accordance with International Financial
Reporting Standards as adopted by the European Union.
II.
Justification of our assessments
In accordance with the requirements of Article L. 823-9 of the French
Commercial Code (
Code de commerce
) relating to the justification of our
assessments, we draw your attention to the following matters:
In connection with our assessment of the accounting principles applied
by your Company:
Note 1.3.6 to the Consolidated Financial Statements describes the
applicable criteria for classification and accounting for discontinued
operations or assets held for sale in accordance with IFRS 5. We
verified the correct application of this accounting principle and
we ensured that Notes 2.1 and 7 to the Consolidated Financial
Statements provide appropriate disclosures with respect to
management’s position as of December 31, 2013.
At each financial year end, your Company systematically performs
impairment tests of goodwill and assets with indefinite useful lives,
and also assesses whether there is any indication of impairment
of other tangible and intangible assets, according to the methods
described in Note 1.3.5.7 to the Consolidated Financial Statements.
We examined the methods used to perform these impairment tests,
as well as the main assumptions and estimates, and ensured that
Notes 1.3.5.7 and 10 to the Consolidated Financial Statements
provide appropriate disclosures thereon.
Note 1.3.9 to the Consolidated Financial Statements describes the
accounting principles applicable to deferred tax and Note 1.3.8
describes the methods used to assess and recognize provisions.
We verified the correct application of these accounting principles
and also examined the assumptions underlying the positions as
of December 31, 2013. We ensured Note 6 to the Consolidated
Financial Statements gives appropriate information on tax assets
and liabilities and on your company’s tax positions.
Notes 1.3.8 and 28 to the Consolidated Financial Statements
describe the methods used to assess and recognize provisions
for litigation. We examined the methods used within your group
to identify, calculate, and determine the accounting for such
litigation. We also examined the assumptions and data underlying
the estimates made by the Company. As stated in Note 1.3.1 to the
Consolidated Financial Statements, facts and circumstances may
lead to changes in estimates and assumptions which could have an
impact upon the reported amount of provisions.
Our assessments were made as part of our audit of the Consolidated
Financial Statements taken as a whole, and therefore contributed to
the opinion we formed which is expressed in the first part of this report.
