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2012 FINANCIAL STATEMENTS AND RELATED NOTESGroup companies, Société Nouvelle de Cinématographie and Télévente Promotion exited the taxconsolidation during the financial year.The tax consolidation arrangement adopted by the Group is based on non-discriminatory tax treatment.Each subsidiary therefore pays its own tax charge as if it was independent for tax purposes.In the 2012 financial statements, the theoretical income tax charge was €31.1 million decreased by a taxconsolidation gain of €8.3 million, adjustments to previous financial years of €2.9 million and asponsorship tax credit of €0.8 million.Furthermore, the Company is liable for a Group tax payment of €69.0 million for 2012.Income tax can be analysed as follows:Profit beforetaxIncome taxProfit from ordinary activities 150.6 19.6Net exceptional income/(expense) (12.1) (0.6)Profit before tax and employee profit-sharing 138.5 -Company income tax - 19.04.9. Future tax liability at the end of the yearDeferredtax assetsFuture taxDeferred tax liabilityliability at 31/12/2012Description of temporary differencesRegulated provisions - (1.6) (1.6)Tax on non-deductible provisions 17.1 - 17.1Tax on long-term capital losses - - -The deferred tax rate used for 2012 was 36.1% (unchanged from 2011) for temporary differences that willbe reversed until 31 December 2015. After that date, temporary differences will revert to the rate of34.43%.228 - M6 GROUP - 2012 REGISTRATION DOCUMENT
2012 FINANCIAL STATEMENTS AND RELATED NOTES5. Other notes5.1. Balance sheet items arising from transactions with related andassociated companiesRelated companiesAssociatedcompaniesInvestments 237.7 0.1Loans - -Advances and prepayments - -Trade receivables 78.0 0.8Other receivables (1) 190.4 -Trade payables 86.7 -Liabilities relating to non-current assets - -Other debts (2) 210.8 1.0Finance expenses 0.5 -Finance income 0.6 0.2(1) including subsidiaries' current accounts 189.1 -(2) including subsidiaries' current accounts 204.4 1.0Related companies are entities in which the Company owns an equity holding in excess of 50%.Associated companies are entities in which the Company owns an equity holding of between 10% and50%.5.2. Related-party disclosuresAll transactions carried out between related parties are intra-group transactions and were carried out atarm’s length.5.3. Off-balance sheet commitmentsAt 31 December 2012, off-balance sheet commitments, by description and maturity, were as follows:Commitmentsat 31/12/2012Due within 1yearDue in morethan 1 yearCommitmentsat 31/12/2011Terms and conditionsof implementationCommitments given 625.4 230.5 395.0 744.9Purchase of broadcast rights 486.1 136.1 350.0 562.8 Contracts signedCo-production commitments 70.6 70.6 - 85.3 Contracts signedContracts for broadcast (1) 56.4 17.6 38.7 56.1 Contracts signedContracts for future purchases of shares (3) 3.6 3.6 - 10.1 Contract termCommercial commitments (2) 8.3 2.3 6.0 6.1 Contracts signedDonations to the corporate foundation 0.4 0.2 0.2 0.7 Bylaws signedJoint and several guarantee (4) - - - 23.8 Contracts signedCommitments received - - - 2.4Sales commitments - - - - Annual due datesJoint and several bank guarantee (4) - - - 2.4 Contracts signed(1) These contracts relate to image transfer and broadcasting services. The commitments have been measured by taking account ofthe balance remaining due until the maturity of each contract.(2) Commercial commitments relate mainly to contracts for the rental of premises.(3) See Note 5.6(4) Within the framework of the construction of a building by SCI du 107, a wholly-owned subsidiary of Métropole Télévision, thelatter provided a joint and several guarantee for SCI du 107’s commitments to the contractor and received a bank guarantee.M6 GROUP - 2012 REGISTRATION DOCUMENT - 229
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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 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 CAPITAL- At least one third o
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SHARE CAPITALChange in the number o
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SHARE CAPITALTreasury shares alloca
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SHARE CAPITALControlled companies h
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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 REPORTthe reliabilit
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OTHER INFORMATION14. ADMINISTRATIVE
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OTHER INFORMATIONiv.Reports of the
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