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2012 FINANCIAL STATEMENTS AND RELATED NOTES6.5. Notes to the parent company financial statementsNOTE 1. 2012 financial year significant events 216NOTE 2. Accounting rules and methods 216NOTE 3. Notes on the parent company balance sheet 220NOTE 4. Notes on the parent company income statement 226NOTE 5. Other notes 229NOTE 6. Consolidation of accounts 232NOTE 7. Statutory Auditors’ fees 232NOTE 8. Subsequent events 232NOTE 9. Subsidiaries and associates 233Métropole Télévision reported a net profit of €116.3 million with total assets of €1,285.2 million for thefinancial year ending 31 December 2012.These annual financial statements were approved by the Executive Board on 18 February 2013 andreviewed by the Supervisory Board on 19 February 2013.Unless otherwise stated, the amounts presented in the notes are expressed in millions of Euros.1. 2012 financial year significant eventsIn December 2012, Métropole Télévision transferred all the shares in its subsidiary Société Nouvelle deCinématographie (SNC) to its subsidiary Diem 2 for €3.6 million, thus realising a capital loss of €9.3 millionon the disposal of these securities.SNC was subsequently merged into Diem 2 on 31 December 2012.2. Accounting rules and methodsThe financial statements for the financial year are presented in accordance with the French Chart ofAccounts and applicable legal and regulatory provisions.Generally-accepted accounting practices were applied in compliance with the principles of prudence, trueand fair presentation and consistency, in accordance with the following basic assumptions:- going concern,- consistency of accounting policies,- independence of the accounting periods,and according to the general rules regarding the preparation and the presentation of annual financialstatements.2.1. Intangible assetsIntangible assets principally comprise computer software and co-production rights.COMPUTERSOFTWAREComputer software is amortised on a straight-line basis over a period of between 1 to 5 years,supplemented by accelerated amortisation.COPRODUCTION OF DRAMA, DOCUMENTARIES, CONCERTS, PROGRAMMES AND MUSIC VIDEOS216 - M6 GROUP - 2012 REGISTRATION DOCUMENT
2012 FINANCIAL STATEMENTS AND RELATED NOTESOnce contracts have been signed, co-productions are disclosed as off-balance sheet commitments withregard to outstanding net payments.The payments made for co-productions awaiting technical approval or whose broadcasting licence ispending are recorded as advances and payments on account upon receipt of corresponding invoices.Co-productions are recognised as intangible assets upon receipt and technical acceptance.Co-production costs are amortised on a straight-line basis over 3 years and may be written-off, based onfuture revenue forecasts.2.2. Property, facilities and equipmentProperty, facilities and equipment are recorded at their acquisition cost. This cost includes expensesdirectly attributable to the transfer of the assets to their operational location and the commissioning costsincurred to enable assets to be operated in the manner intended by Management.They are depreciated on a straight-line or reducing balance basis. The key periods of depreciation are asfollows:Mobile technical equipmentOther mobile equipmentTechnical equipmentComputer hardware - PCsOffice equipmentVideo equipmentGeneral facilitiesOffice furniture3 years4 years3 or 4 years3 or 4 years5 years6 years10 years10 years2.3. InvestmentsAssets defined as investments are:- equity securities,- deposits and guarantees,- loans granted to Group companies.Investments are recorded at their acquisition cost and written down when their value in use is lower thantheir book value.In the case that the equity of the company whose securities are being written down is negative, aprovision for writedown of the current accounts potentially owed by this subsidiary is recognised, for anamount not exceeding the negative equity. In the case that the negative equity of this subsidiary exceedsthe value of the current accounts, an additional provision for liabilities and charges is recognised.The acquisition cost of investments acquired with effect from 2007 comprises the purchase cost and theacquisition costs (transfer taxes, fees, commissions and legal costs). These acquisition costs are subjectto an accelerated amortisation over 5 years.2.4. Broadcasting rights inventoryBroadcasting rights are classified as inventory with effect from their opening, which is when the channel iscontractually authorised to broadcast the corresponding programmes.Broadcasting rights not open are disclosed in off-balance sheet commitments at their contract butuninvoiced value. Rights invoiced but not open are recorded as payments on account to suppliers.Purchases are recorded at their purchase cost, net of any discounts and rebates earned but excludingthe effect of any possible settlement discounts.Broadcasting rights are charged to cost of sales according to the number of broadcasts, in the followingmanner:Rights acquired for a single broadcast: 100% of the contract value.M6 GROUP - 2012 REGISTRATION DOCUMENT - 217
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DisclaimerThis report is an English
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M6 GROUP PRESENTATION1. M6 Group pr
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M6 GROUP PRESENTATION1.4.2. 2012 fi
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CORPORATE GOVERNANCECORPORATE GOVER
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CORPORATE GOVERNANCERobin LEPROUX 2
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CORPORATE GOVERNANCESHARE CAPITAL33
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SHARE CAPITALStock market performan
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SHARE CAPITAL- At least one third o
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SHARE CAPITALTreasury shares alloca
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SHARE CAPITAL3.10.4.4. Identificati
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RISK FACTORS AND MANAGEMENTRISK FAC
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2012 FINANCIAL REPORT2012 FINANCIAL
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2012 FINANCIAL REPORT5.1.1.2. Conso
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2012 FINANCIAL REPORT5.1.2.2. M6 TV
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2012 FINANCIAL REPORTAdvertising an
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2012 FINANCIAL REPORT- the disposal
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2012 FINANCIAL REPORTthe reliabilit
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2012 FINANCIAL REPORTParent company
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COMBINED GENERAL MEETING OF 13 MAY
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COMBINED GENERAL MEETING8.2. Report
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COMBINED GENERAL MEETINGIn ordinary
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COMBINED GENERAL MEETINGOTHER INFOR
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OTHER INFORMATION9.4. Person respon
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OTHER INFORMATION14. ADMINISTRATIVE
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OTHER INFORMATIONiv.Reports of the
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288 - M6 GROUP - 2012 REGISTRATION
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