2007 Annual report - Groupe M6

financial accounts
notes to the parent company financial statements
2.6
Treasury shares
Métropole Télévision holds treasury shares to cover the exercise of plans to allocated free
shares granted to employee beneficiaries. The company also holds treasury shares as part
of a liquidity contract.
These treasury shares are recorded at their gross value as marketable securities. A
provision for writedown is established when the market price of these treasury shares is
lower than their acquisition cost. For treasury shares to be used to service plans to allocate
free shares, this writedown provision is increased by a provision for liabilities and charges
equal to the net value of these shares.
In order to service plans to allocate free shares, forward purchases have, amongst others,
been made and disclosed as off-balance sheet commitments.
2.7
Regulated provisions
Regulated provisions comprise accelerated depreciation in respect of computer software
and acquisition costs of investments.
2.8
Provisions for liabilities and charges
Provisions for liabilities and charges are determined, based on an individual risk exposure
assessment at the year end. Each provision is valued based on their likely future financial
impact, estimated on the basis of information available at the year end.
2.9
Provisions for retirement benefits
The provision for retirement benefits was calculated in accordance with IAS 19 – Employee
benefits, using an actuarial method that takes into account the vested rights of all Group
employees and their most recent salary and the average probable residual service of the
employees.
2.10 Advertising revenues
Advertising revenues are recorded net of commercial discounts, at the time of the broadcast
of the relevant advertising.
M6 GROUP - 2007 annual report
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