Annual report 2014
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Contents |
II |
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Management message |
2 |
|
At the Center of our Businesses |
4 |
|
Chapter 1 - Group Profile | Businesses | Litigation | Risk Factors |
6 |
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Section 1 - Group Profile |
9 |
|
1.1. Simplified Economic Organization Chart of the Group |
9 |
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1.2. Key figures |
10 |
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Revenues by business segment |
10 |
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Revenues by geographic region |
10 |
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Income from operations by business segment |
10 |
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EBITA by business segment |
11 |
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Earnings attributable to Vivendi SA shareowners and Adjusted Net Income |
11 |
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Adjusted Net Income per share |
11 |
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(Net Cash Position)/Financial Net Debt and equity |
11 |
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Headcount by business segment |
11 |
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Headcount by geographic area |
11 |
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1.3. Strategy |
12 |
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1.3.1. Vivendi’s Transformation into an Integrated industrial Group in Media and Content |
12 |
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1.3.2. One Ambition – to Make Vivendi a World-Class French Multimedia Group |
13 |
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1.4. Financial Communication Policy and Value Creation |
14 |
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1.4.1. Investment Policy |
14 |
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1.4.2. Financial Communication Policy |
14 |
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1.4.3. Value Creation in 2014 |
15 |
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1.4.4. An Integrated Reporting Process |
16 |
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1.5. Insurance |
19 |
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1.5.1. Property Damage and Business Interruption |
19 |
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1.5.2. Civil Liability |
19 |
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1.5.3. Workplace Accidents |
19 |
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1.6. Investments |
19 |
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Section 2 - Businesses |
20 |
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Section 3 - Litigation |
32 |
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Section 4 - Risk Factors |
38 |
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Chapter 2 - Societal, Social and Environmental Information |
40 |
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Section 1 - Corporate Social Responsibility (CSR) Policy |
42 |
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Section 2 - Societal Information |
47 |
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Section 3 - Social Information |
62 |
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Section 4 - Environmental Information |
77 |
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Section 5 - Verification of Non-Financial Data |
85 |
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Chapter 3 - Information about the Company | Corporate Governance | Reports |
90 |
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Section 1 - General Information about the Company |
92 |
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Section 2 - Additional Information about the Company |
93 |
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Section 3 - Corporate Governance |
106 |
|
Section 4 - Report by the Chairman of Vivendi’s Supervisory Board on Corporate Governance, Internal Audits and Risk Management – Fiscal Year 2014 |
147 |
|
Section 5 - Statutory Auditors’ report, prepared in accordance with Article L.225-235 of the French Commercial Code, on the Report prepared by the Chairman of the Supervisory Board of Vivendi SA |
156 |
|
Selected key consolidated financial data |
160 |
|
I -2014 Financial Report |
161 |
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II - Appendices to the Financial Report: Unaudited supplementary financial data |
191 |
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III - Consolidated Financial Statements for the year ended December 31, 2014 |
195 |
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IV - Vivendi SA - 2014 Statutory Financial Statements |
294 |
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Chapter 5 - Recent events | Outlook |
336 |
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Section 1 - Recent events |
338 |
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Section 2 - Outlook |
339 |
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Chapter 6 - Responsibility for Auditing the Financial Statements |
340 |
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Section 1 Responsibility for Auditing the Financial Statements |
342 |