to download the 2012 registration document. - Groupe M6

2012 FINANCIAL STATEMENTS AND RELATED NOTESProperty, facilities and equipment relating to capital expenditure incurred for the construction of a newbuilding were presented in the “buildings” column in 2011. This building was delivered in July 2012.LandBuildingsTechnical facilitiesOther PFEAssets underconstructionTotal2012At 1 January 2012, net of depreciation and writedowns 18.6 84.3 17.2 6.3 1.4 127.9Acquisitions 0.6 14.2 7.4 2.9 (0.5) 24.5Change in Group structure (gross amounts) - - - - - -Disposals - (3.3) (0.6) (0.4) - (4.3)Depreciation (charges) / reversals 2012 - (3.9) (7.2) (2.4) - (13.5)Changes in Group structure - accumulated depreciation charges - - - - - -Reversal of depreciation on disposal - 0.2 0.5 0.3 - 1.0At 31 December 2012, net of depreciation and writedowns 19.3 91.5 17.3 6.7 0.9 135.7At 1 January 2012Cost or fair value 18.6 121.8 50.4 20.9 1.4 213.3Accumulated depreciation charges and writedowns - (37.5) (33.2) (14.6) - (85.4)Net value 18.6 84.3 17.2 6.3 1.4 127.9At 31 December 2012Cost or fair value 19.3 132.7 57.2 23.4 0.9 233.5Accumulated depreciation charges and writedowns - (41.2) (39.9) (16.8) - (97.9)Net value 19.3 91.5 17.3 6.6 0.9 135.617. Financial assets held for saleFinancial assets held for sale constitute equity securities held by the Group in non-consolidatedcompanies and receivables which are directly related to them.(€ millions)2012 2011ReferencecurrencyFair value at 1JanuaryAcquisitions /disposalsLoss in valuerecognisedthrough theincome statementFair valuemovementsthrough equityFair value at 31December% heldFair value at 1JanuaryLoss in valuerecognisedthrough theincome statementFair valuemovementsthrough equityFair value at 31December% heldSummit Entertainment Dollar ($) 23.5 (23.5) - 9.1% 11.4 (7.5) 19.6 23.5 9.1%Lions Gate Dollar ($) - 1.1 4.3 0.4% -3.2European News Euro (€) 0.1 - 0.1 20.0% 0.1 Exchange - 0.1 - - 20.0%Other 0.1 0.0% - - -0.1 TOTAL (22.3) 4.5 (7.5) 19.6 23.623.6 - 3.2 11.5 Financial assets held for sale primarily include listed securities and equity investments in unlistedcompanies. They are measured at fair value and temporary movements are recorded in comprehensiveincome/(loss) under equity.The analysis of potential loss in value of financial assets held for sale is based on an analysis of all financialinformation at the Group’s disposal as minority shareholder: financial statements and notes, auditors’reports, excerpts of minutes of board meetings if available, potential transactions in the securities of thesecompanies, expert reports, business plans, etc.On 13 January 2012, the Group sold its equity investment in Summit Entertainment, within the frameworkof the acquisition of the latter’s entire share capital by Lions Gate.The 2011 revaluation of unconsolidated equity securities was recorded under “other items ofcomprehensive income” and transferred to the income statement during the 2012 financial year.Therefore, the Group recorded a financial income of €20.2 million and acquired an equity investment inLions Gate valued at €1.1 million on the transaction date.This investment was revalued at fair value through equity to €4.3 million at 31 December 2012, anincrease of €3.2 million.18. Other financial assetsThis mainly includes the part not eliminated of current accounts with joint ventures. The debt arising fromfinancing a co-shareholder is classified as non-current financial debt in accordance with the principle ofnot offsetting financial assets and liabilities.The current accounts are loans at variable interest rates based on Eonia.M6 GROUP - 2012 REGISTRATION DOCUMENT - 189