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Annual Report -
2013
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Vivendi
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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
27.4.
Contingent assets and liabilities subsequent to given or received commitments related
to the divestiture or acquisition of shares
Ref.
Context
Characteristics (nature and amount)
Expiry
Contingent liabilities
(a)
NBC Universal transaction (May 2004) and subsequent
amendments (2005-2010)
Breaches of tax representations;
-
Obligation to cover the Most Favored Nation provisions; and
Remedial actions.
2014
(b)
Acquisition of Bolloré Group’s channels (September 2012) Commitments undertaken, in connection with the authorization
of the acquisition, with:
the French Competition Authority; and
2017
the French Broadcasting Authority.
2015
Merger of Cyfra+ and «n» platforms (November 2012)
Reciprocal guarantees in favor of TVN:
PLN 1 billion in the event of a breach of any representation
or warranty or covenants; and
2015
PLN 300 million in the event of a breach of specific representation or
warranty.
-
(c)
Canal+ Group’s pay-TV activities in France
(January 2007)
New approval of the acquisition of TPS and Canalsatellite subject to
compliance with injunctions ordered by the French Competiton Authority.
2017
(d)
Divestiture of Canal+ Nordic (October 2003)
Distribution guarantees given in favor of Canal Digital and Telenor
Broadcast Holding by a former subsidiary.
-
(e)
Divestiture of NC Numéricâble (March 2005)
Specific guarantees capped at €241 million (including tax
and social risks).
2014
Divestiture of PSG (June 2006)
Unlimited specific guarantees.
2018
Divestiture of UMG manufacturing and distribution
operations (May 2005)
Various commitments for manufacturing and distribution services.
2018
(f)
Takeover of Neuf Cegetel (April 2008)
Commitments undertaken in connection with the authorization of
the take over by the French Minister of the Economy, Industry and
Employment expired in 2013.
2013
(g)
Divestiture of Sithe (December 2000)
Specific guarantees capped at $480 million.
-
(h)
Sale of real estate assets (June 2002)
Autonomous first demand guarantees capped at €150 million in total
(tax and decennial guarantees).
2017
(i)
Early settlement of rental guarantees related to the last
three buildings in Germany (November 2007)
Cancellation in October 2012 of guarantees of rental payments
obligations following the sale of the companies.
2012
(j)
Divestiture of PTC shares (December 2010)
Commitments undertaken in order to end litigation over the share
ownership of PTC in Poland.
-
Sale of Activision Blizzard (October 2013)
Commitments undertaken in connection with the sale (please refer to Note 7):
unlimited general guarantees; and
-
fiscal guarantees capped at $200 million, under certain circumstances.
-
Other contingent liabilities
Cumulated amount of €7 million (compared to €10 million
as of December 31, 2012).
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