to download the 2012 registration document. - Groupe M6

2012 FINANCIAL STATEMENTS AND RELATED NOTESThe finance lease liability is analysed as follows:At 31 December 2012< 1 year 1 to 5 years > 5 years TotalLease payments 0.5 0.9 - 1.4financial expenses (0.0) (0.1) - (0.1)Net present value of finance lease liability 0.5 0.8 - 1.3The Group currently avails of a medium-term bank facility for a total of €50 million, in order to cover theliquidity risk described in Note 22.2.Terms and conditions applicable to the drawdown of the Group’s credit facility primarily include:- a clause of change of ownership;- financial ratio covenants, as follows: net debt / equity < 1; net debt / Ebitda < 2; Ebitda / financial expenses > 8,which were all complied with at 31 December 2012.However, this facility was not drawn down at 31 December 2012 and was not used during the financialyear.In addition, the Group put into place a €50 million credit facility with its main shareholder (Bayard d’Antin).This facility had not been drawn down at 31 December 2012 and was not used during the financial year.26. Other financial liabilitiesWithin the scope of the next free share plans, in 2011 Métropole Télévision entered into one forwardtreasury share purchase contracts in relation to 330,000 shares, maturing on 26 July 2013 (see Notes 9and 24.1).At 31 December 2012, the present value of this financial liability totalled €3.6 million.At 31 December 2011, the forward purchase contract related to 737,000 shares, with a present value of€9.7 million (of which €3.4 million non-current). 407,000 shares were delivered during the 2012 financialyear.In application of IAS 32 – Financial instruments: disclosures and presentation, this commitment wasrecognised at its present value as a financial liability and was offset under equity (other reserves).27. Retirement benefits severance payThe Group opted for the early application of amended IAS 19. The impact on the consolidated financialstatements was insignificant (€14 thousand) and related to the balance of changes to the plans that stillhad to be amortised at 31 December 2011.Commitments undertaken in respect of retirement benefits severance pay are not covered by anydedicated insurance contract or assets.MAIN ACTUARIAL ASSUMPTIONS202 - M6 GROUP - 2012 REGISTRATION DOCUMENT