

4
Adjustment of comparative information
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
2. Adjustment of comparative information
In compliance with IFRS 5, GVT (as from the third quarter of 2014),
SFR (as from the first quarter of 2014) as well as Maroc Telecom group
and Activision Blizzard (as from the second quarter of 2013) have been
reported in Vivendi’s Consolidated Financial Statements as discontinued
operations. Vivendi deconsolidated SFR, Maroc Telecom group and
Activision Blizzard as from November 27, 2014, May 14, 2014, and
October 11, 2013, respectively.
In practice, income and charges from these four businesses have been
reported as follows:
p
p
their contribution until the effective divestiture, if any, to each
line of Vivendi’s Consolidated Statement of Earnings (before non-
controlling interests) has been grouped under the line “Earnings from
discontinued operations”;
p
p
their share of net income has been excluded from Vivendi’s adjusted
net income; and
p
p
in accordance with IFRS 5, these adjustments have been applied to
all periods presented to ensure consistency of information.
The adjustments to published data for the first quarter and the first half of 2014 are reported below and only relate to GVT.
(in millions of euros, except per share amounts)
2014
Three months
ended March 31,
Three months
ended June 30,
Six months
ended June 30,
Adjusted earnings before interest and income taxes (EBITA) (as previously published)
268
358
626
Reclassifications related to the application of IFRS 5 for GVT
-83
-88
-171
Adjusted earnings before interest and income taxes (EBITA) (restated)
185
270
455
Adjusted net income (as previously published)
161
194
355
Reclassifications related to the application of IFRS 5 for GVT
-52
-50
-102
Adjusted net income (restated)
109
144
253
Adjusted net income per share (as previously published)
0.12
0.14
0.26
Adjusted net income per share (restated)
0.08
0.11
0.19
The adjustments to data published in the 2013 Annual Report are reported below and relate to GVT and SFR.
(in millions of euros, except per share amounts)
2013
Three months
ended March 31,
Three months
ended June 30,
Six months
ended June 30,
Adjusted earnings before interest and income taxes (EBITA) (as published
(a)
)
629
762
1,391
Reclassifications related to the application of IFRS 5 for GVT
-99
-98
-197
Reclassifications related to the application of IFRS 5 for SFR
-328
-377
-705
Adjusted earnings before interest and income taxes (EBITA) (restated)
202
287
489
Adjusted net income (as published
(a)
)
366
479
845
Reclassifications related to the application of IFRS 5 for GVT
-70
-67
-137
Reclassifications related to the application of IFRS 5 for SFR
-232
-254
-486
Adjusted net income (restated)
64
158
222
Adjusted net income per share (as published
(a)
)
0.28
0.36
0.64
Adjusted net income per share (restated)
0.05
0.12
0.17
(a)
As published in the 2013 Annual Report.
193
Annual Report 2014