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2012 FINANCIAL STATEMENTS AND RELATED NOTES7.2. Statement of financial positionThe contributions of each business segment to the financial position are presented below:M6 TV NetworkDigital channelsDiversification andAudiovisual rightsEliminationsTotal of continuingoperations2011Assets and liabilitiesSegment assets 476.4 94.4 440.6 (133.4) 878.0Investments in associates 0.2 0.2Unallocated assets 497.0Total Assets 476.4 94.4 440.8 (133.4) 1,375.2Segment liabilities 332.8 135.8 326.5 (133.4) 661.8Unallocated liabilities 19.7Total Liabilities 332.8 135.8 326.5 (133.4) 681.4Total Net Assets 143.5 (41.3) 114.3 - 693.8Other segment informationNon-current asset acquisitions 14.1 1.2 71.8 87.1Depreciation and amortisation (11.0) (1.8) (62.8) (75.6)Impairment (1.4) 0.6 (7.9) (8.7)Other unallocated segment reporting items 4.8M6 TV NetworkDigital channelsDiversification andAudiovisual rightsEliminationsTotal of continuingoperations2012Assets and liabilitiesSegment assets 468.1 115.3 370.4 (119.5) 834.3Investments in associates 0.2 0.2Unallocated assets 491.5Total Assets 468.1 115.3 370.6 (119.5) 1,325.9Segment liabilities 334.8 133.4 273.9 (119.5) 622.7Unallocated liabilities 15.4Total Liabilities 334.8 133.4 273.9 (119.5) 638.1Total Net Assets 133.3 (18.1) 96.6 - 687.8Other segment informationNon-current asset acquisitions 16.0 23.5 63.3 102.8Depreciation and amortisation (13.6) (24.5) (58.2) (96.3)Impairment (0.1) (3.9) (3.7) (7.8)Other unallocated segment reporting items 10.7Unallocated assets relate to cash and other Group financial assets, as well as tax receivables.Unallocated liabilities relate to debt and other Group financial liabilities, as well as tax liabilities.The Group does not present any segmental information by geographical segment as it has no significantoperations outside of continental France.178 - M6 GROUP - 2012 REGISTRATION DOCUMENT
2012 FINANCIAL STATEMENTS AND RELATED NOTES8. Other operating income and expenses8.1. Other operating incomeOther operating income totalled €7.8 million (compared to €16.4 million in 2011), and primarily comprised:- proceeds from the sale of football players (€2.7 million, compared to €8.4 million in 2011);- operating grants received (€3.2 million, compared to €3.9 million in 2011);- operating foreign exchange gains of €0.6 million.8.2. Materials and other operating expenses2012 2011Broadcasting rights consumption and programme flows(includingwritedown of broadcasting rights inventory) *(217.6) (216.6)Cost of sales (152.7) (156.6)Other external services (379.9) (417.6)Operating foreign exchange losses (0.0) (0.3)Other expenses (0.8) (0.6)Cost of sales and other operating expenses (750.9) (791.7)* Compared to the published financial statements, €2.8 million of provision reversals was reclassified at 31 December 2011 from “Netdepreciation/amortisation/provision charges” to “Materials and other service purchases”, in order to bring broadcasting rights provisioncharges and reversals and their consumption together under the same aggregate.8.3. Amortisation, depreciation, impairment and foreign exchangedifferences included in operating expenses2012 2011Amortisation and net provisions - audiovisual rights (72.7) (51.7)Amortisation and net provisions - production costs (9.8) (5.9)Amortisation and net provisions - other intangible assets (11.1) (16.9)Depreciation - property, facilities and equipment (13.5) (12.5)Other (5.1) (3.8)Goodwill impairment (11.2) (2.5)Total of amortisation and depreciation (net)* (123.5) (93.3)* Compared to the published financial statements, €2.8 million of provision reversals was reclassified at 31 December 2011 from “Netdepreciation/amortisation/provision charges” to “Materials and other service purchases”, in order to bring broadcasting rights provisioncharges and reversals and their consumption together under the same aggregate.8.4. Employee and workforce expenses2012 2011Wages and salaries (157.8) (153.4)Social Security charges (65.9) (64.9)Profit sharing plan contributions (8.3) (11.9)Other employee costs (20.9) (19.1)Employee costs (252.9) (249.4)Other employee costs include provision charges and reversals for retirement, provisions for employeelitigations as well as the cost of stock options (IFRS 2).The “full-time equivalent” (FTE) workforce of wholly-consolidated Group companies was 2,197 in 2012,compared to 2,304 in 2011.The FTE workforce of jointly-owned companies was 22 in 2012, compared with 20 people in 2011,primarily relating to the share of TF6 and Série Club’s FTEs.M6 GROUP - 2012 REGISTRATION DOCUMENT - 179
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DisclaimerThis report is an English
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M6 GROUP PRESENTATION1. M6 Group pr
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CORPORATE GOVERNANCESHARE CAPITAL33
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COMBINED GENERAL MEETING OF 13 MAY
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OTHER INFORMATION14. ADMINISTRATIVE
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OTHER INFORMATIONiv.Reports of the
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