to download the 2012 registration document. - Groupe M6

2012 FINANCIAL STATEMENTS AND RELATED NOTESThe amount recognised as a provision is the best estimate of the cash outflow necessary to settle thepresent obligation on the balance sheet date.In the case this liability is not probable and cannot be reliably measured, but remains possible, the Grouprecognises a contingent liability in its commitments.2.10. Provisions for retirement benefitsThe provision for retirement benefits was calculated in accordance with IAS 19 – Employee benefits,using an actuarial method that takes into account the vested rights of all Group employees, their mostrecent salary and the average probable residual service of the employees.2.11. Provision for plans granting free sharesIn application of CNC opinion n° 2008-17 of 6 November 2008, a provision for liability and chargescorresponding to the outflow of resources liable to be caused by the obligation to transfer shares toemployees is recognised in the financial statements.This provision was measured based on the number of shares that should be allocated due to the termsand conditions of the allocation plans, valued at the year-end date and at cost, i.e.:- for shares held by the company, their net book value;- for shares acquired as part of a forward purchase transaction, their future price;- for shares that had not been acquired at year end, their year-end share price.The final vesting of the shares is subject to the beneficiary remaining employed by the Company for theentire acquisition period. The provision is spread out over the entire rights acquisition period.2.12. Advertising revenuesAdvertising revenues are recorded net of commercial discounts, at the time of broadcast of the relevantadvertising.2.13. Off-balancesheet commitmentsOff-balance sheet commitments essentially comprise:- acquisitions of broadcasting rights that are not open and uninvoiced;- co-production costs for which technical approval has not yet been granted;- technical broadcasting costs invoiced (image transmission) on the basis of contracts with technicalbroadcasters.2.14. Financial instrumentsThe only financial instruments implemented by Métropole Télévision concern foreign exchange and sharerisk hedging.Métropole Télévision hedges against the main foreign currency-denominated transactions, using simplefinancial instruments, primarily forward purchases. Hedged transactions are accounted for at their agreedexchange rate.M6 GROUP - 2012 REGISTRATION DOCUMENT - 219