1owHYXa
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Friday, February 19, 2016<br />
1.6 New IFRS standards and IFRIC interpretations that have been published but are not yet effective<br />
Among IFRS standards and IFRIC interpretations issued by the IASB/IFRS IC as of the date of approval of these Consolidated Financial<br />
Statements, but which are not yet effective, and for which Vivendi has not elected for an earlier application, the main standards which may<br />
have an impact on Vivendi are the following:<br />
<br />
<br />
The amendments to IAS 38 – Intangible Assets, related to clarification of acceptable methods of depreciation and amortization,<br />
which apply mandatorily from January 1, 2016 and endorsed in the EU. Vivendi expects no significant impact deriving from the<br />
application of these amendments. Indeed, within its film production and television rights activities, Vivendi considers that the<br />
amortization method based on revenue generated by these activities (according to the estimated revenue method described in Note<br />
1.3.5.3) is appropriate because revenue is highly correlated with the consumption of the economic benefits embodied in the<br />
intangible assets.<br />
IFRS 15 – Revenue from Contracts with Customers, which applies mandatorily from January 1, 2018, and is still to be endorsed in the<br />
EU. Vivendi is currently assessing the potential impact on the Statement of Earnings, the aggregate comprehensive income, the<br />
Statement of Financial Position, the Statement of Cash Flows, and the content of the Notes to the Consolidated Financial Statements<br />
in applying this standard.<br />
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi /47
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