08
Annual Report -
2013
-
Vivendi
Group Profile
| Businesses | Litigation | Risk Factors
1
Key Figures
Adjusted Net Income per share
December 31 - in euros
Financial Net Debt and equity
December 31 - in millions of euros
2013
2012
Adjusted Net Income per share
1.16
1.31
2013
2012
Financial Net Debt
(a)
11,097
13,419
Equity
19,030
21,291
(a)
As of December 31, 2013, in compliance with IFRS 5, Maroc Telecom Group has been reported in Vivendi’s
Consolidated Statement of Financial Position as a discontinued operation.
As of December 31, 2013, Maroc Telecom Group’s assets and liabilities have been grouped under the
specific lines “assets of discontinued businesses” and “liabilities associated with assets of discontinued
businesses”. As of December 31, 2013, this accounting reclassification resulted in a €314 million decrease
in Vivendi’s Financial Net Debt, which corresponded to Maroc Telecom Group’s Financial Net Debt as of
that date.
Vivendi considers Financial Net Debt, a non-GAAP measure, to be a relevant indicator in
measuring Vivendi’s indebtedness. Financial Net Debt is calculated as the sum of long-term
and short-term borrowings and other long-term and short-term financial liabilities as reported
on the Consolidated Statement of Financial Position, less cash and cash equivalents as
reported on the Consolidated Statement of Financial Position as well as derivative financial
instruments in assets, cash deposits backing borrowings, and certain cash management
financial assets (included in the Consolidated Statement of Financial Position under “financial
assets”).
Financial Net Debt should be considered in addition to, and not as a substitute for, other
GAAP measures reported on the Consolidated Statement of Financial Position, as well as
other measures of indebtedness reported in accordance with GAAP.
Vivendi Management uses Financial Net Debt for reporting and planning purposes, as well as
to comply with certain commitments, in particular debt covenants of Vivendi.
0.0
0.3
0.6
0.9
1.2
1.5
2013
2012
0
5,000
10,000
15,000
20,000
25,000
2013
2012
