to download the 2012 registration document. - Groupe M6

2012 FINANCIAL STATEMENTS AND RELATED NOTES- the valuation at historical cost of property, facilities and equipment and intangible assets, withoutrevaluation at each balance sheet date;- the proportional consolidation of jointly-controlled entities, as permitted by IAS 31 – Interests in jointventures.- the option for measurement at fair value through profit or loss, in accordance with the amendmentto IAS 39.4. Accounting principles, rules and methods4.1. Consolidation principlesSUBSIDIARIESA subsidiary is an entity controlled by the Group. Control exists when the Group has the power to governthe entity’s financial and operating policies in order to derive benefits from its operations. Potential votingrights currently exercisable are taken into consideration to evidence the existence of control.Companies exclusively controlled by Métropole Télévision are fully consolidated. Acquisitions or disposalsof companies during an accounting period are taken into account in the consolidated financial statementsfrom the date of taking control and until the date of effective loss of control. The full consolidation methodimplemented is that under which the assets, liabilities, income and expenses are completely integrated.The proportion of net assets and net profit attributable to minority interests is presented separately asnon-controlling interest in shareholders’ equity in the consolidated balance sheet and in the consolidatedincome statement.JOINT VENTURESJointly controlled companies (joint control is the shared control of a single entity by a limited number ofassociates or shareholders, from whose agreement financial and operational decisions are made) areproportionally consolidated, in compliance with IAS 31 – Financial reporting of interests in joint ventures,which maintained this option.Under this method, the Group includes its proportion of the assets, liabilities, income and expenses of thesubsidiary under the appropriate heading of the consolidated financial statements.ASSOCIATESAssociated companies are entities in which the Group has significant influence over the financial andoperating policies, but does not control these policies. Significant influence is presumed when the Groupholds between 20% and 50% of the voting rights of an entity but a third party has exclusive control of thisentity.Associated companies are accounted for under the equity method (“equity-accounted companies”) andare initially recognised at acquisition cost. The Group’s shareholding includes goodwill identified upon theacquisition, net of cumulative impairment charges.Under this method, the Group accounts for its share of net assets of the associate in the balance sheetand records in the consolidated income statement, under a specific line item entitled “Share ofprofit/(loss) from associates”, its share of the net income of the entity consolidated using the equitymethod.M6 GROUP - 2012 REGISTRATION DOCUMENT - 161