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to download the 2012 registration document. - Groupe M6

to download the 2012 registration document. - Groupe M6

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<strong>2012</strong> FINANCIAL REPORTIt sets and defines <strong>the</strong> framework for oversight of <strong>the</strong> activities of Group entities, as follows:- through <strong>the</strong> strategic objectives defined for Group activities;- through <strong>the</strong> specific features of its three core business lines: <strong>the</strong> <strong>M6</strong> channel, Digital TV andDiversification and Audiovisual Rights;- through <strong>the</strong> existing business-wide functional departments (Finance, Corporate Services, HumanResources, Legal Affairs, Information Systems, Internal Communications, etc.) which operate asshared services within <strong>the</strong> Group. These functional responsibilities are held by specialists from eachof <strong>the</strong> business lines. The provision of <strong>the</strong>se resources is formalised in Technical AssistanceAgreements and is invoiced <strong>to</strong> each subsidiary.From a financial point of view:- <strong>the</strong> cash pooling agreement with subsidiaries enables <strong>M6</strong> <strong>to</strong> manage and consolidate <strong>the</strong> cashresources of most Group subsidiaries <strong>to</strong> optimise its use;- Métropole Télévision is <strong>the</strong> head of a tax consolidation group pursuant <strong>to</strong> <strong>the</strong> provisions of Article223 A of <strong>the</strong> General Tax Code.At 31 December <strong>2012</strong>, <strong>the</strong> Métropole Télévision Group had 61 subsidiaries and affiliates as follows:- 26 significant consolidated subsidiaries;- 28 insignificant consolidated subsidiaries;- 7 non-consolidated subsidiaries.Significant consolidated subsidiaries are as follows:<strong>M6</strong> GROUP - <strong>2012</strong> REGISTRATION DOCUMENT - 145

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