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2012 FINANCIAL STATEMENTS AND RELATED NOTES3.4. Inventory and work in progressThis comprises broadcasting rights that are open and not consumed.The movements in the year were as follows:01-Jan-12AcquisitionsDecreases/transfersInvalid rights31-Dec-1231-Dec-12Inventories 207.7 212.7 (185.5) (10.7) 224.2Work-in-progress 4.0 66.7 (66.9) - 3.8Total 211.7 279.4 (252.4) (10.7) 228.0Rights for which there is a risk of no broadcast and rights, where the value in use is lower than their bookvalue, were the subject of a provision of €78.1 million at 31 December 2012.This provision can be analysed as follows:01-Jan-12IncreasesReversals31-Dec-12Provisions to writedown inventories 58.1 54.8 (37.1) 75.8Provisions to writedown work-in-progress 2.9 0.1 (0.6) 2.4Total 61.0 54.9 (37.7) 78.23.5. ReceivablesThe change in other receivables primarily reflects the day-to-day financing transactions of the Group’ssubsidiaries.The maturity of all receivables is as follows:Gross valueDue within 1yearDue after 1yearNon-current assetsIntercompany receivables - - -Loans 0.4 - 0.4Other investment receivables 1.5 - 1.5Total 1.9 - 1.9Current assetsTrade receivables 305.5 300.6 4.9Other receivables 228.4 228.4 -Total 533.9 529.0 4.9Total receivables 535.8 529.0 6.8222 - M6 GROUP - 2012 REGISTRATION DOCUMENT
2012 FINANCIAL STATEMENTS AND RELATED NOTESAccrued income relating to trade receivables was €144.0 million.Trade and other receivables in current assets were the subject of writedown provisions as follows:1 Jan. 2012 IncreasesReversals(used)Reversals(unused) 31 Dec. 2012Provisions to writedown tradereceivables 4.6 3.6 - (3.3) 4.9Provisions to writedown otherreceivables 15.1 2.9 - - 18.0Total 19.7 6.5 - (3.3) 22.9The provision to writedown other receivables relates to a writedown of current accounts with the followingcompanies:- M6 Films for €6.9 million;- Métropole Production for €11.1 million.The equity securities of these companies were also written down in full.3.6. Cash and marketable securities31/12/2012 31/12/2011Treasury shares 7.4 0.1Liquidity contracts (treasury shares and other marketablesecurities 2.7 2.6Investment funds, SICAV 290.2 279.5Cash 4.4 19.7Cash and marketable securities 304.7 301.9Provision for treasury shares writedown - -Net cash and marketable securities 304.7 301.9390,822 shares were granted in 2012 as part of the free share plan set up in 2010, 184,649 of whichwere granted to individuals employed by subsidiariesAt 31 December 2012, Métropole Télévision still directly held 524,506 treasury shares acquired for €7.4million. These shares will be granted when the subsequent plans granting free shares mature.Marketable securities do not include any unrealised gains, as these were realised at 31 December 2012.3.7. Prepaid expensesPrepaid expenses primarily include sports programmes and rights billed in 2012 to be broadcast at a laterstage.M6 GROUP - 2012 REGISTRATION DOCUMENT - 223
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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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M6 GROUP PRESENTATIONIn total, the
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M6 GROUP PRESENTATIONb) Provisions
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CORPORATE GOVERNANCECORPORATE GOVER
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CORPORATE GOVERNANCESHARE CAPITAL33
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SHARE CAPITALStock market performan
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SHARE CAPITAL3.4. Cash dividend pol
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SHARE CAPITAL- At least one third o
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SHARE CAPITALChange in the number o
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2012 FINANCIAL REPORT2012 FINANCIAL
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2012 FINANCIAL REPORTAdvertising an
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OTHER INFORMATION14. ADMINISTRATIVE
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OTHER INFORMATIONiv.Reports of the
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