302
Annual Report -
2013
-
Vivendi
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements |
Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 27. Contractual obligations and other commitments
Note 27.
Contractual obligations and other commitments
Vivendi’s material contractual obligations and contingent assets and
liabilities include:
contracts entered into, which relate to the group’s business
operations, such as content commitments (please refer to
Note 11.2), contractual obligations and commercial commitments
recorded in the Statement of Financial Position, including finance
leases (please refer to Note 13), off-balance sheet operating leases
and subleases and off-balance sheet commercial commitments,
such as long-term service contracts and purchase or investment
commitments;
commitments related to the group’s scope contracted through
acquisitions or divestitures such as share purchase or sale
commitments, contingent assets and liabilities subsequent to given
or received commitments related to the divestiture or acquisition of
shares, commitments resulting from shareholders’ agreements and
collateral and pledges granted to third parties over Vivendi’s assets;
commitments related to the group’s financing: borrowings issued
and undrawn confirmed bank credit facilities as well as the
management of interest rate, foreign currency and liquidity risks
(please refer to Notes 23 and 24); and
contingent assets and liabilities related to litigation in which Vivendi
and/or its subsidiaries are either plaintiff or defendant (please refer
to Note 28).
27.1.
Contractual obligations and commercial commitments
(in millions of euros)
Note
As of December 31, 2013
Total as of
December 31, 2012
Total
Due in
2014 2015-2018 After 2018
Borrowings and other financial liabilities
24.2.3
13,967
3,925
6,275
3,767
20,338
Content liabilities
11.2
2,335
2,245
88
2
2,283
Future minimum payments related to the consolidated
statement of financial position items
16,302
6,170
6,363
3,769
22,621
Contractual content commitments
11.2
4,298
2,118
2,124
56
4,939
Commercial commitments
27.1.1
2,209
1,057
806
346
2,697
Operating leases and subleases
27.1.2
2,700
454
1,284
962
2,735
Items not recorded in the consolidated statement
of financial position
9,207
3,629
4,214
1,364
10,371
Contractual obligations and commercial commitments
25,509
9,799
10,577
5,133
32,992
27.1.1.
Off-balance sheet commercial commitments
(in millions of euros)
Minimum future payments as of December 31, 2013
Total minimum future
payments as of
December 31, 2012
Total
Due in
2014 2015-2018 After 2018
Satellite transponders
686
102
345
239
846
Investment commitments
1,078
802
154
122
1,273
Other
732
265
419
48
786
Given commitments
2,496
1,169
918
409
2,905
Satellite transponders
(159)
(97)
(62)
-
(201)
Other
(128)
(15)
(50)
(63)
(7)
Received commitments
(287)
(112)
(112)
(63)
(208)
Net total (a)
2,209
1,057
806
346
2,697
(a)
The decrease in off-balance sheet commercial commitments was mainly related to Maroc Telecom Group, whose sale by Vivendi is underway
(€316 million as of December 31, 2012): please refer to Note 7.2.
