2007 Annual report - Groupe M6

financial accounts
notes to the consolidated financial statements
n CHANGE IN VALUATION
Until 31 December 2005, the fair value of the benefit granted under plans allocated between
7 November 2002 to 31 December 2005, including those relating to the allocation of free
shares, were valued using a trinomial model that used in all cases a maturity date equal to
that of the period of unavailability.
The changes that were made to the methods of valuation at the 2006 year end (valuation
using a binomial model and extension of the maturity date in the case of allocations of
options to purchase and to subscribe for shares, the new valuation model for the allocation
of free shares) increased the overall costs of plans by € 0.6 million. This charge, allocated
prospectively represented a cost of € 0.3 million in 2007.
n CHARGE RECOGNISED IN 2007
This resulted in the following impact to the line personnel costs in the income statement:
Personnel cost
31 Dec. 2007 31 Dec. 2006
Share subscription plans
25/07/03 1.0 1.7
14/11/03 - -
28/04/04 1.9 1.9
02/06/05 0.9 0.9
06/06/06 1.3 0.8
02/05/07 0.9 -
Plan granting free shares
02/06/05 0.4 0.8
06/06/06 5.2 3.0
02/05/07 1.6 -
Total cost 13.3 9.2
of which impact of the change in method used to estimate the charge 0.3 0.3
M6 GROUP - 2007 annual report
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