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2007 Annual report - Groupe M6

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financial accounts<br />

notes to the consolidated financial statements<br />

2.<br />

Company information<br />

The consolidated financial statements at 31 December <strong>2007</strong> of the Group of which <strong>M6</strong> is<br />

the parent company (the Group) were approved by the Management Board on 28 February<br />

2008 and reviewed by the Supervisory Board on 3 March 2008. They will be submitted for<br />

approval to the next <strong>Annual</strong> General Meeting on 6 May 2008.<br />

Métropole Télévision is a public limited company with a Management Board and a<br />

Supervisory Board, registered at 89, avenue Charles-de-Gaulle, Neuilly-sur-Seine in<br />

France. The Company is fully consolidated into the RTL Group, which is listed on the<br />

Brussels and Luxembourg stock exchanges.<br />

3.<br />

Basis of the consolidated<br />

financial statements<br />

3.1<br />

Accounting framework<br />

The consolidated financial statements at 31 December <strong>2007</strong> were prepared in accordance<br />

with the IAS (International Accounting Standards) and IFRS (International Financial<br />

Reporting Standards) in force within the European Union at that date. They are presented<br />

with comparative figures for 2006 established under the same framework.<br />

n PRINCIPLES APPLIED<br />

The principles applied for the establishment of these financial statements result in the<br />

application of:<br />

- all standards and interpretations adopted by the European Union, the application of which<br />

is mandatory for financial years starting on or after 1 January <strong>2007</strong>;<br />

- options retained and exemptions used.<br />

n NEW ACCOUNTING STANDARDS AMENDMENTS AND INTERPRETATIONS<br />

IN FORCE WITHIN THE EUROPEAN UNION, THE APPLICATION OF WHICH IS<br />

MANDATORY FOR FINANCIAL YEAR STARTING ON OR AFTER 1 JANUARY <strong>2007</strong><br />

The accounting methods adopted are consistent with those of the previous financial<br />

year, with the exception of the impact of an adoption by the Group of new standards,<br />

amendments to standards and IFRIC interpretations, the application of which is mandatory<br />

as from 31 December <strong>2007</strong>.<br />

<strong>M6</strong> GROUP - <strong>2007</strong> annual <strong>report</strong><br />

163

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