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Section 1 - Significant events
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
I – 2014 Financial Report
Preliminary comments
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On February 11, 2015, at a meeting held at the headquarters of the company, the Management Board approved the Annual Financial Report
and the Consolidated Financial Statements for the year ended December 31, 2014. Having considered the Audit Committee’s recommendation
from its meeting held on February 20, 2015, the Supervisory Board, at its meeting held on February 27, 2015, reviewed the Annual Financial
Report and the Audited Consolidated Financial Statements for the year ended December 31, 2014, as previously approved by the Management
Board on February 11, 2015.
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The Consolidated Financial Statements for the year ended December 31, 2014 have been audited and certified by the Statutory Auditors with
no qualified opinion. The Statutory Auditors’ Report on the Consolidated Financial Statements is included in the preamble to the Financial
Statements.
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In compliance with IFRS 5 –
Non-current Assets Held for Sale and Discontinued Operations
, GVT, SFR, Maroc Telecom, and Activision Blizzard
have been reported in Vivendi’s Consolidated Financial Statements as discontinued operations in accordance with the following terms:
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Ongoing sales as of December 31, 2014:
On September 18, 2014, Vivendi and Telefonica entered into an agreement for the sale of GVT.
As a result, GVT has been reported in the Consolidated Statement of Earnings and Statement of Cash Flows as a discontinued operation as
from the third quarter of 2014. Its contribution to each line of Vivendi’s Consolidated Statement of Financial Position as of December 31, 2014
has been grouped under the lines “Assets of discontinued businesses” and “Liabilities associated with assets of discontinued businesses”.
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Completed sales as of December 31, 2014:
Vivendi deconsolidated SFR, Maroc Telecom group and Activision Blizzard as from
November 27, 2014, May 14, 2014, and October 11, 2013, respectively. All three businesses have been reported in the Consolidated
Statement of Earnings and Statement of Cash Flows as discontinued operations.
The adjustments to previously published data are reported in Appendix 2 to the Financial Report and in Note 31 to the Consolidated Financial
Statements for the year ended December 31, 2014.
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Section 1
Significant events
1.1. Significant events in 2014
1.1.1.
Group’s Governance
On June 24, 2014, Vivendi’s General Shareholders’ Meeting notably
appointed three new Supervisory Board members: Ms. Katie Jacobs
Stanton, Ms. Virginie Morgon and Mr. Philippe Bénacin.
Vivendi’s Supervisory Board, which was convened immediately following
the General Shareholders’ Meeting on June 24, 2014, appointed
Mr. Vincent Bolloré as Chairman. The Board also appointed Mr. Pierre
Rodocanachi as Vice Chairman and Mr. Jean-René Fourtou, who had
chaired the group since 2002, as Honorary Chairman. The Board appointed
Mr. Daniel Camus as Chairman of the Audit Committee and Mr. Philippe
Bénacin as Chairman of the Corporate Governance, Nominations, and
Remuneration Committee.
The Supervisory Board also appointed the members to the Management
Board, which is currently comprised of Messrs. Arnaud de Puyfontaine,
who serves as Chairman, Hervé Philippe and Stéphane Roussel.
The Supervisory Board is currently comprised of 14 members, including
an employee shareholder representative and an employee representative.
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Annual Report 2014