1owHYXa

Recommendations

Info

Friday, February 19, 2016 VIVENDI Société anonyme with a Management Board and a Supervisory Board with a share capital of €7,525,774,135.00 Head Office: 42 avenue de Friedland – 75380 PARIS CEDEX 08 – FRANCE IMPORTANT NOTICE: READERS ARE STRONGLY ADVISED TO READ THE IMPORTANT DISCLAIMERS AT THE END OF THIS FINANCIAL REPORT. Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi /2
Friday, February 19, 2016 SELECTED KEY CONSOLIDATED FINANCIAL DATA ........................................................................................................................................ 4 I- 2015 FINANCIAL REPORT ................................................................................................................................................................................. 6 OVERVIEW ............................................................................................................................................................................................................. 6 1 EARNINGS ANALYSIS: GROUP AND BUSINESS SEGMENTS ........................................................................................................................ 7 1.1 CONSOLIDATED STATEMENT OF EARNINGS AND ADJUSTED STATEMENT OF EARNINGS ........................................................................................ 8 1.2 EARNINGS ANALYSIS: GROUP ....................................................................................................................................................................... 8 1.3 PERFORMANCE ANALYSIS: BUSINESS SEGMENTS .......................................................................................................................................... 12 2 TREASURY AND CAPITAL RESOURCES ...................................................................................................................................................... 17 2.1 NET CASH POSITION AND EQUITY PORTFOLIO ................................................................................................................................................ 17 2.2 CHANGES IN NET CASH POSITION ............................................................................................................................................................... 18 2.3 CASH FLOW FROM OPERATIONS ANALYSIS .................................................................................................................................................... 19 2.4 ANALYSIS OF INVESTING AND FINANCING ACTIVITIES ...................................................................................................................................... 21 3 OUTLOOK ................................................................................................................................................................................................ 22 4 FORWARD-LOOKING STATEMENTS ......................................................................................................................................................... 22 5 OTHER DISCLAIMERS .............................................................................................................................................................................. 22 II- APPENDICE TO THE FINANCIAL REPORT: UNAUDITED SUPPLEMENTARY FINANCIAL DATA ...................................................... 23 1 QUARTERLY REVENUES, INCOME FROM OPERATIONS AND EBITA BY BUSINESS SEGMENT .................................................................................... 23 III - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015 .............................................................. 25 STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS ......................................................................... 25 CONSOLIDATED STATEMENT OF EARNINGS .................................................................................................................................................... 27 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ...................................................................................................................... 28 CONSOLIDATED STATEMENT OF FINANCIAL POSITION ............................................................................................................................... 29 CONSOLIDATED STATEMENT OF CASH FLOWS ............................................................................................................................................... 30 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY .............................................................................................................................. 31 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS .......................................................................................................................... 33 NOTE 1 ACCOUNTING POLICIES AND VALUATION METHODS ........................................................................................................................................ 33 NOTE 2 MAJOR CHANGES IN THE CONSOLIDATION SCOPE AND THE EQUITY PORTFOLIO.................................................................................................. 48 NOTE 3 SEGMENT DATA ........................................................................................................................................................................................ 54 NOTE 4 EBIT ........................................................................................................................................................................................................ 58 NOTE 5 FINANCIAL CHARGES AND INCOME .............................................................................................................................................................. 59 NOTE 6 INCOME TAXES .......................................................................................................................................................................................... 60 NOTE 7 EARNINGS PER SHARE ................................................................................................................................................................................ 63 NOTE 8 CHARGES AND INCOME DIRECTLY RECOGNIZED IN EQUITY ............................................................................................................................... 64 NOTE 9 GOODWILL ................................................................................................................................................................................................ 64 NOTE 10 CONTENT ASSETS AND COMMITMENTS........................................................................................................................................................ 67 NOTE 11 INVESTMENTS IN EQUITY AFFILIATES ............................................................................................................................................................ 69 NOTE 12 FINANCIAL ASSETS .................................................................................................................................................................................... 69 NOTE 13 NET WORKING CAPITAL .............................................................................................................................................................................. 71 NOTE 14 CASH POSITION ......................................................................................................................................................................................... 71 NOTE 15 EQUITY ..................................................................................................................................................................................................... 72 NOTE 16 PROVISIONS .............................................................................................................................................................................................. 73 NOTE 17 EMPLOYEE BENEFITS .................................................................................................................................................................................. 74 NOTE 18 SHARE-BASED COMPENSATION PLANS ......................................................................................................................................................... 79 NOTE 19 BORROWINGS AND OTHER FINANCIAL LIABILITIES .......................................................................................................................................... 82 NOTE 20 CONSOLIDATED CASH FLOW STATEMENT .................................................................................................................................................... 87 NOTE 21 RELATED PARTY TRANSACTIONS .................................................................................................................................................................. 88 NOTE 22 CONTRACTUAL OBLIGATIONS AND OTHER COMMITMENTS .............................................................................................................................. 90 NOTE 23 LITIGATION................................................................................................................................................................................................ 95 NOTE 24 MAJOR CONSOLIDATED ENTITIES OR ENTITIES ACCOUNTED UNDER EQUITY METHOD........................................................................................ 103 NOTE 25 STATUTORY AUDITORS FEES ...................................................................................................................................................................... 104 NOTE 26 AUDIT EXEMPTIONS FOR UMG SUBSIDIARIES IN THE UNITED KINGDOM ........................................................................................................ 104 NOTE 27 SUBSEQUENT EVENTS .............................................................................................................................................................................. 105 Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi / 3
Page 1: Financial Report and Audited Consol
Page 5 and 6: Friday, February 19, 2016 Nota: In
Page 7 and 8: Friday, February 19, 2016 The need
Page 9 and 10: Friday, February 19, 2016 Adjusted
Page 11 and 12: Friday, February 19, 2016 Interest
Page 13 and 14: Friday, February 19, 2016 1.3.1 Can
Page 15 and 16: Friday, February 19, 2016 Recorded
Page 17 and 18: Friday, February 19, 2016 2 Treasur
Page 19 and 20: Friday, February 19, 2016 2.3 Cash
Page 21 and 22: Friday, February 19, 2016 2.4 Analy
Page 23 and 24: Friday, February 19, 2016 II- Appen
Page 25 and 26: Friday, February 19, 2016 III - Con
Page 27 and 28: Friday, February 19, 2016 Consolida
Page 33 and 34: Notes to the Consolidated Financial
Page 35 and 36: Friday, February 19, 2016 provisio
Page 37 and 38: Friday, February 19, 2016 Equity ac
Page 39 and 40: Friday, February 19, 2016 The measu
Page 41 and 42: Friday, February 19, 2016 On Januar
Page 43 and 44: Friday, February 19, 2016 1.3.7 Fin
Page 45 and 46: Friday, February 19, 2016 Deferred
Page 47 and 48: Friday, February 19, 2016 1.6 New I
Page 49 and 50: Friday, February 19, 2016 2.3 Dives
Page 51 and 52: Friday, February 19, 2016 2.8 Sale
Page 53 and 54:
Friday, February 19, 2016 2.11 Earn
Page 55 and 56:
Friday, February 19, 2016 Main aggr
Page 57 and 58:
Friday, February 19, 2016 Depreciat
Page 59 and 60:
Friday, February 19, 2016 Taxes on
Page 61 and 62:
Friday, February 19, 2016 audits (
Page 63 and 64:
Friday, February 19, 2016 period of
Page 65 and 66:
Friday, February 19, 2016 a. Primar
Page 67 and 68:
Friday, February 19, 2016 Note 10 C
Page 69 and 70:
Friday, February 19, 2016 c. Primar
Page 71 and 72:
Friday, February 19, 2016 Note 13 N
Page 73 and 74:
Friday, February 19, 2016 Note 16 P
Page 75 and 76:
Friday, February 19, 2016 Allocatio
Page 77 and 78:
Friday, February 19, 2016 Employee
Page 79 and 80:
Friday, February 19, 2016 Note 18 S
Page 81 and 82:
Friday, February 19, 2016 The appli
Page 83 and 84:
Friday, February 19, 2016 19.2 Bond
Page 85 and 86:
Friday, February 19, 2016 Foreign c
Page 87 and 88:
Friday, February 19, 2016 Unrealize
Page 89 and 90:
Friday, February 19, 2016 The charg
Page 91 and 92:
Friday, February 19, 2016 22.1 Cont
Page 93 and 94:
Friday, February 19, 2016 The accom
Page 95 and 96:
Friday, February 19, 2016 Strategic
Page 97 and 98:
Friday, February 19, 2016 Complaint
Page 99 and 100:
Friday, February 19, 2016 Vivendi D
Page 101 and 102:
Friday, February 19, 2016 Action br
Page 103 and 104:
Friday, February 19, 2016 Note 24 M
Page 105:
Friday, February 19, 2016 Note 27 S
show all

1owHYXa

Create successful ePaper yourself

Delete template?

Save as template?