303
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
27.1.2.
Off-balance sheet operating leases and subleases
(in millions of euros)
Minimum future leases as of December 31, 2013
Total minimum
future leases as of
December 31, 2012
Total
Due in
2014 2015-2018 After 2018
Buildings
(a)
2,695
427
1,282
986
2,633
Other
221
67
103
51
212
Leases
2,916
494
1,385
1,037
2,845
Buildings
(a)
(216)
(40)
(101)
(75)
(110)
Subleases
(216)
(40)
(101)
(75)
(110)
Net total
2,700
454
1,284
962
2,735
(a)
Mainly relates to offices and technical premises.
27.2.
Other commitments given or received relating to operations
Ref.
Context
Characteristics (nature and amount)
Expiry
Given commitments
Individual rights to training for French employees
Approximately 1.6 million hours (unchanged
compared to December 31, 2012).
-
SFR’s network coverage commitments related to telecom licenses
Please refer to Note 14.
-
(a)
GSM-R commitments
Bank guarantee, joint and several guarantees
with Synérail for a total amount of €105 million
(compared to €92 million as of December 31, 2012).
-
Obligations in connection with pension plans and post-retirement benefits
Please refer to Note 21.
-
(b)
Other guarantees given
Cumulated amount of €156 million (compared
to €190 million as of December 31, 2012).
-
Received commitments
(c)
Agreements on the digital distribution of music rights
Minimum guarantees.
-
(d)
Other guarantees received
Cumulated amount of €1 million (compared
to €191 million as of December 31, 2012).
-
(a)
On February 18, 2010, a group comprised of SFR, Vinci and AXA (30% each) and TDF (10%) entered into a contract with Réseau Ferré de France
regarding the public-private partnership GSM-R. This 15-year contract, valued at approximately €1 billion, covers the financing, building, operation
and maintenance of the digital telecommunications network that enables conference mode communications (voice and data) between train drivers
and teams on the ground. It will be rolled out gradually until 2015 over 14,000 km of conventional and high-speed railway lines in France.
(b)
Vivendi grants guarantees in various forms to financial institutions on behalf of its subsidiaries in the course of their operations.
(c)
Mainly relates to commitments received by UMG from third parties in connection with agreements subject to minimum guarantees on the digital
distribution of music rights.
(d)
The decrease in other guarantees received was notably related to the plan to sell Maroc Telecom Group (please refer to Note 7.2).
27.3.
Share purchase and sale commitments
In connection with the purchase or sale of operations and financial
assets, Vivendi has granted or received commitments to purchase or
sell securities.
On November 4, 2013, Vivendi notably committed to sell its interest in
Maroc Telecom Group (please refer to Note 7.2).
In connection with the sale of a majority of Vivendi’s interest in
Activision Blizzard, completed on October 11, 2013, Vivendi’s remaining
interest in Activision Blizzard (83 million shares) is subject to lock-up
provisions (please refer to Note 7.1).
The liquidity rights regarding the strategic partnership among Canal+
Group, ITI, and TVN are detailed in Note 27.5 below.
Furthermore, Vivendi and its subsidiaries have granted or received
purchase or sale options related to shares in equity affiliates and
unconsolidated investments.
