DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report ANNUAL REPORT 2014 Management Message 02 At the center of our businesses 04 12 Group Profi le | Businesses | Societal, Social and Litigation | Risk Factors 07 Environmental Information 41 1. Group Profi le 09 1. Corporate Social Responsibility (CSR) Policy 42 2. Businesses 20 2. Societal Information 47 3. Litigation 32 3. Social Information 62 4. Risk Factors 38 4. Environmental Information 77 5. Verifi cation of Non-Financial Data 85 3 Information about the Company | Corporate Governance | Reports 91 1. General Information about the Company 92 2. Additional Information about the Company 93 3. Corporate Governance 106 4. Report by the Chairman of Vivendi’s Supervisory Board on Corporate Governance, Internal Audits and Risk Management – Fiscal Year 2014 147 5. Statutory Auditors’ report, prepared in accordance with Article L.225-235 of the French Commercial Code, on the Report prepared by the Chairman of the Supervisory Board of Vivendi SA 156 4 Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements 159 Selected key consolidated fi nancial data 160 I - 2014 Financial Report 161 II - Appendices to the Financial Report: Unaudited supplementary fi nancial data 191 III - Consolidated Financial Statements for the year ended December 31, 2014 195 IV - Vivendi SA - 2014 Statutory Financial Statements 294 56 Recent events | Outlook 337 Responsibility for Auditing 1. Recent events 338 the Financial Statements 341 2. Outlook 339 1. Responsibility for Auditing the Financial Statements 342 ANNUAL REPORT 2014 The Annual Report in English is a translation of the French “Document de référence” provided for information purposes. This translation is qualifi ed in its entirety by reference to the “Document de référence ”. Annual Report 2014 01 Management Message MANAGEMENT MESSAGE 2014 was a year that was full of changes for Vivendi, which successfully managed the shift toward refocusing its goals. Reconfi gured and free of debt, a new integrated industrial group is emerging with a clear ambition to become the European champion in media and content. “We are ivendi is now writing a new page in its history. The holding company of yesterday that managed fi nancial interests in various businesses has today confi dent in V been replaced by an integrated industrial group in media and content that V ivendi’s ability values the potential of all creative talent. Initiated more than two years ago, the repositioning of Vivendi was completed in to win over the new 2014 with the disposal of our three telecommunications assets: Maroc Telecom, SFR and GVT. To facilitate the distribution of our content, however, we are retaining media consumers minority stakes in certain markets and remain open to industrial partnerships with of the 21 century.” other distribution platforms. These three strategic disposals, made under satisfactory fi nancial conditions, allowed Vivendi to erase its debt and restore its fi nancial fl exibility. Our net debt position of over €11 billion as of December 31, 2013, shifted to a net cash position of €4.6 billion as of December 31, 2014, before fi nalization of the GVT sale (planned for the second quarter of 2015) and the anticipated return to our shareholders. The proceeds from these three disposals are specifi cally intended to give Vivendi new resources to expand in media and content. By 2014, the group already consolidated its positions in TV, fi lm and music. In pay-TV, Canal+ continues to grow in France, where the SVoD (Subscription Video-on-Demand) service Canalplay has 600,000 pay subscribers, as well as in Africa, where A+, a new 100% African channel was launched in approximately 20 countries. Free-to-air TV also recorded a solid performance, supported by the audiences of D8, which is confi rming its status as a leader in DVB. The year 2014 was particularly prosperous for Studiocanal, with the large box-offi ce success of movies such as Non-Stop and Paddington. Finally, Universal Music Group (UMG), now more than ever the world leader in recorded music, posted excellent album sales in 2014, from Taylor Swift to Stromae, and the original soundtrack of the Disney movie Frozen. Present in €10,089* €999* 15,571* 67 million million Employees countries Revenues EBITA * Excludes GVT 02 Annual Report 2014 Management Message From left to right: Frédéric Crépin, Group General Counsel and Company Secretary - Hervé Philippe, Member of the Management Board, Chief Financial Offi cer Vincent Bolloré, Chairman of the Supervisory Board - Arnaud de Puyfontaine, Chairman of the Management Board Stéphane Roussel, Member of the Management Board, Senior Executive Vice President, Development and Organization Simon Gillham, Chairman of Vivendi Village, Senior Executive Vice President, Communications In a diffi cult regulatory and competitive environment, all our businesses excuse for immobility and inaction. 2015 must be the year that allows demonstrated an ability to adapt, develop and grow. The group us to move further, and more rapidly, in the transformation of Vivendi. generated total revenues of more than €10 billion in 2014. Building Above all, Vivendi must accelerate its transition from being a holding on these results, the new Vivendi is presently ready to achieve new company to becoming an integrated industrial group. This task, which growth targets. has become necessary as a result of the digital revolution that is We are convinced that this new growth is in media and content. Why? blurring the traditional boundaries between media, will reveal the Firstly, because there will be many more consumers who can be shared development potential of our different operations. It is based entertained in tomorrow’s world. Over the next ten years, the world’s on a few clear principles: a simplifi ed organization, giving priority to middle class is estimated to increase by as much as it did during organic growth, maintaining a strict fi nancial discipline and increasing the entire 20th century. This means that two billion people in Africa, the cooperation among our businesses. Asia and Latin America will enter the leisure economy by 2025. Vivendi intends to make an even greater commitment to talent, wherever Secondly, because tomorrow’s consumers will be better connected and it is found and whatever it is. As a major media group known for its better equipped for entertainment: at home or traveling, on one screen exceptional expertise in music, TV, and fi lm, Vivendi wants to go a step or more than one simultaneously, and on demand or by subscription. further in fi nding and developing emerging talent. Because we also have The dissemination of the Internet, particularly on mobile devices, a duty to bring out creative potential in those who do not necessarily means that the number of users around the world will double over have the resources to express themselves, we have decided to make the next ten years. equal opportunity the central focus of this process, in a spirit of living together with others. We are confi dent in Vivendi’s ability to capitalize on these tremendous changes and win over the new media consumers of the 21st century. Our Finally, Vivendi wants to pursue such initiative as a continuation of group is present on every continent, with French roots, an international its corporate social responsibility (CSR) policy and commitments. Our reputation, and operations in certain high-potential regions (such as priority is to strengthen Vivendi’s pioneering position in CSR, which is Africa and Vietnam). With Canal+ and UMG, we have two lead brands in regularly praised by non-fi nancial ratings agencies, investors and by all their respective markets that are able to produce and distribute exclusive the group’s partners. content. Finally, Vivendi has already begun its digital metamorphosis This roadmap is being supported by the energy and enthusiasm provided by investing in the latest generation of platforms. This is the purpose by the cohesive team that best refl ects Vivendi as a whole. A new era is behind the recent creation of “Vivendi Village”, which brings together beginning for Vivendi, with one great ambition: to become tomorrow’s innovative digital services. European champion in media and content. For more than 160 years, All these assets are invaluable in strengthening our presence in the new Vivendi has never ceased transforming and reinventing itself. We are geographic and digital markets. They must not, however, serve as an optimistic about the group’s ability to meet this new challenge. Annual Report 2014 03 At the center of our businesses AT THE CENTER OF OUR BUSINESSES Television Film Music Digital As an integrated media and content industrial group, Vivendi holds a world leadership position in music, is the European leader in fi lms, and the French leader in television. It is present across the entire value chain - from the discovery of talent to the creation, production and distribution of content. Today’s developments in these businesses occur in the digital arena. The group’s leadership positions mean that it can fully seize all opportunities. Digital is also driving the convergence in consumption modes for musical and audiovisual content, multiplying the possibilities for synergies and projects among the three Vivendi subsidiaries: Canal+ Group, Universal Music Group and Vivendi Village. Canal+ Group is the French leader in pay-TV. It is also present in Canal+ Group produces the Canal+ pay-TV channels, free-to-air TV and fi lm, and has which are recognized for the originality, creativity, and operations in Europe, Africa exclusivity of their content. It also distributes Canalsat, and Vietnam. a pay-TV package featuring over 150 channels. In 2012, Canal+ Group developed its free channel division by purchasing D8 and D17. At year-end 2014, D8 was ranked fi fth-largest national channel (market share of Revenues 3.3%), confi rming the effectiveness of the investments €5,456 7,033 made in free-to-air TV.
Load more

Recommended publications
  • An N U Al R Ep O R T 2018 Annual Report
    ANNUAL REPORT 2018 ANNUAL REPORT The Annual Report in English is a translation of the French Document de référence provided for information purposes. This translation is qualified in its entirety by reference to the Document de référence. The Annual Report is available on the Company’s website www.vivendi.com II –— VIVENDI –— ANNUAL REPORT 2018 –— –— VIVENDI –— ANNUAL REPORT 2018 –— 01 Content QUESTIONS FOR YANNICK BOLLORÉ AND ARNAUD DE PUYFONTAINE 02 PROFILE OF THE GROUP — STRATEGY AND VALUE CREATION — BUSINESSES, FINANCIAL COMMUNICATION, TAX POLICY AND REGULATORY ENVIRONMENT — NON-FINANCIAL PERFORMANCE 04 1. Profile of the Group 06 1 2. Strategy and Value Creation 12 3. Businesses – Financial Communication – Tax Policy and Regulatory Environment 24 4. Non-financial Performance 48 RISK FACTORS — INTERNAL CONTROL AND RISK MANAGEMENT — COMPLIANCE POLICY 96 1. Risk Factors 98 2. Internal Control and Risk Management 102 2 3. Compliance Policy 108 CORPORATE GOVERNANCE OF VIVENDI — COMPENSATION OF CORPORATE OFFICERS OF VIVENDI — GENERAL INFORMATION ABOUT THE COMPANY 112 1. Corporate Governance of Vivendi 114 2. Compensation of Corporate Officers of Vivendi 150 3 3. General Information about the Company 184 FINANCIAL REPORT — STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS — CONSOLIDATED FINANCIAL STATEMENTS — STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS — STATUTORY FINANCIAL STATEMENTS 196 Key Consolidated Financial Data for the last five years 198 4 I – 2018 Financial Report 199 II – Appendix to the Financial Report 222 III – Audited Consolidated Financial Statements for the year ended December 31, 2018 223 IV – 2018 Statutory Financial Statements 319 RECENT EVENTS — OUTLOOK 358 1. Recent Events 360 5 2. Outlook 361 RESPONSIBILITY FOR AUDITING THE FINANCIAL STATEMENTS 362 1.
    [Show full text]
  • Avente a Oggetto La Richiesta Di Conferimento Della Rappresentanza
    PROSPETTO INFORMATIVO SOLLECITAZIONE DI DELEGHE DI VOTO avente a oggetto la richiesta di conferimento della rappresentanza per l’esercizio del diritto di voto nell’Assemblea degli Azionisti Ordinari di Telecom Italia S.p.A., convocata per il giorno 4 maggio 2017, ore 11.00, in unica convocazione, in Rozzano (Milano), Viale Toscana n. 3 PROMOTORE Vivendi S.A. EMITTENTE Telecom Italia S.p.A. SOGGETTO INCARICATO D ELLA SOLLECITAZIONE E RACCOLTA DELLE DELEGHE E DELEGATO ALLA MANIFESTAZIONE DEL V OTO NELL ’ASSE MBLEA DEGLI AZIONIST I Morrow Sodali Per informazioni è possibile contattare il numero verde n. ovvero per chiamate dall’estero: +39 0645212875 attivo dal lunedì al venerdì dalle ore 10.00 alle ore 19.00 o consultare il sito internet : www.sodali-transactions.com o mandare una e-mail a: [email protected] La presente sollecitazione di deleghe è disciplinata dagli articoli 136 e seguenti del decreto legislativo del 24 febbraio 1998, n.58, come successivamente integrato e modificato (“ TUF ”) nonché dagli articoli 135 e seguenti del Regolamento Consob n. 11971 del 14 maggio 1999 come successivamente integrato e modificato (“ Regolamento Emittenti ”). Il presente prospetto è datato 13 aprile 2017 DOMANDE E RISPOSTE SULLE FINALITÀ DELLA SOLLECITAZIONE PROMOSSA VIVENDI S.A. E SULL’ASSEMBLEA TELECOM ITALIA S.P.A. DEL 4 MAGGIO 2017 1. Perché vi chiediamo la delega? L’attuale Consiglio di Amministrazione di Telecom Italia è in scadenza e l’Assemblea Ordinaria (l’“ Assemblea ”) per il rinnovo è stata convocata per il 4 maggio 2017. Tenuto conto dell’attuale entità della partecipazione detenuta da Vivendi ( i.e.
    [Show full text]
  • Kendji Et Maître Gims
    N°608 PROGRAMMES DU 10 AU 16 FÉVRIER 2018 RÉGIONS Seul contre tous INÉDIT FRANCE 2 | SAMEDI 21.00 Nagui « Laury fait des trucs dingues que je n’oserais pas » Rizzoli & Isles FR2 | LUN. 20.55 La fi n d’un si joli duo ! La télé de Bravo L’AVENTURE ROBINSON C8 | VEND. 21.00 Bravo Christine ! Kendji et Claude François... FR3 | VEND. 20.55 Cloclo, Maître Gims mal-aimé , se sont lâchés vraiment ? comme jamais VENDREDI 16 FÉVRIER | 21H00 www.tvregions.com COMMUNIQUÉ L’ail noir, protecteur pour votre cœur, véritable prodige pour nettoyer vos artères Voici comment il peut changer votre vie... On connaît tous les bienfaits de l’ail les artères, et avoir une belle longue vie en santé. N’attendez pas qu’il soit trop tard ! blanc pour notre santé. Mais depuis Ce nouveau livre prodigieux, en exclusivité pour Vous pouvez bien sûr choisir d’acheter de l’ail noir que l’université d’Hirosaki au Japon a nos lecteurs, vous montre comment préparer directement dans certains magasins spécialisés. Si révélé en 2015 les résultats d’études vite et facilement votre propre ail noir - ainsi que vous voulez un ail noir de qualité, il vous en coû- 306 façons de l’utiliser pour votre plus grand concernant les stupéfi antes vertus tera environ 100 € le kilo. Contre à peine 10 € par bien... et celui de ceux que vous aimez. Par kilo si vous suivez la technique de Jean Berton pour de l’ail noir, le monde scientifi que ne exemple pour : préparer votre ail noir maison, probablement le tarit pas d’éloges.
    [Show full text]
  • Bilan De L'économie Des Chaînes Payantes Année 2009
    Bilan de l’économie des chaînes payantes Année 2009 les bilans du CSA Décembre 2010 CONSEIL SUPÉRIEUR DE L ’AUDIOVISUEL Direction des programmes Direction des études et de la prospective Service de l’information et de la documentation Bilan de l’économie des chaînes payantes Année 2009 Bilan 2009 de l’économie des chaînes payantes Comme chaque année, le CSA a dressé le bilan de l’économie des chaînes payantes. Cette analyse, qui ne prend pas en compte la chaîne Canal+, porte sur 99 des 117 chaînes payantes existant fin 2009. Elle fait notamment apparaître que près de 42 % des foyers équipés d’un téléviseur étaient à cette date abonnés à une offre multichaîne payante. Synthèse Un bilan qui porte sur 99 chaînes payantes Le bilan réalisé par le CSA entend par télévision payante tout service qui n’est accessible que par le biais d’un abonnement, que ce soit pour une offre globale, couplée ou non avec d’autres services (internet, téléphone), ou pour des services vendus à l’unité. Cette définition ne tient donc pas compte du financement des services. Au 31 décembre 2009, le nombre des services payants conventionnés ou autorisés en langue française (hors Canal+) diffusés sur le câble, le satellite et l’ADSL en France métropolitaine était de 117, contre 116 en 2008. Parmi ceux-ci, 6 étaient autorisés et 111 conventionnés. Toutefois, les données statistiques qui font l’objet de l’étude portent sur 99 services édités par 58 sociétés. 13 sociétés éditent plusieurs services chacune - Canal J (3 chaînes) : Canal J, June et Tiji ; - Disney Channel
    [Show full text]
  • Décision N° 11-D-12 Du 20 Septembre 2011 Relative Au Respect Des
    RÉPUBLIQUE FRANÇAISE Décision n° 11-D-12 du 20 septembre 2011 relative au respect des engagements figurant dans la décision autorisant l’acquisition de TPS et CanalSatellite par Vivendi Universal et Groupe Canal Plus L’Autorité de la concurrence, Vu la décision du ministre de l’économie, des finances et de l’industrie du 30 août 2006, autorisant l’acquisition de TPS et CanalSatellite par Vivendi Universal et Groupe Canal Plus sous réserve de l’ensemble des engagements pris par ces sociétés le 24 août 2006, ensemble l’avis émis sur l’opération par le Conseil de la concurrence le 13 juillet 2006 ; Vu la lettre, enregistrée le 4 juillet 2008 sous le numéro 08/0075 A, par laquelle le ministre de l’économie, de l’industrie et de l’emploi a saisi le Conseil de la concurrence pour avis sur l’exécution des engagements souscrits par Vivendi Universal et Groupe Canal Plus ; Vu la décision n° 09-SO-01 du 28 octobre 2009 par laquelle l’Autorité s’est saisie d’office de l’exécution des engagements souscrits par Vivendi Universal et Groupe Canal Plus (affaire enregistrée sous le numéro 09/0116 R) ; Vu le livre IV du code de commerce, et notamment son article L. 430-8 ; Vu l’avis de l’Autorité de régulation des communications électroniques et des postes n° 2010-0381 du 15 avril 2010 ; Vu l’avis du Conseil supérieur de l’audiovisuel n° 2010-13 du 27 mai 2010 ; Vu les rapports du mandataire relatifs à l’état de réalisation des engagements souscrits par le Groupe Canal Plus ; Vu les observations présentées par Vivendi Universal, Groupe Canal Plus et le commissaire du Gouvernement ; Vu les autres pièces du dossier ; Les rapporteures, le rapporteur général adjoint, le commissaire du Gouvernement et les représentants des sociétés Vivendi Universal et Groupe Canal Plus entendus lors de la séance de l’Autorité de la concurrence du 24 mai 2011 ; Adopte la décision suivante : I.
    [Show full text]
  • Your Summer Assignments: A
    Mes Vacances d’été! (Pre-AP II qui entre Honors III) Your summer assignments: A. Watch on Youtube – Grand Corps Malade «Roméo kiffe Juliette». B. Look at the construction of Versailles through the centuries. C. Listen to a song of lost love by Kendji Girac. D. Read a classic piece of literature. E. Watch on youtube the story «Le Chandail»…hockey where it’s played the best… F. Download a free phone app: RFI Pure Radio – or other French radio podcasts(songs are fine, but you have to listen to French podcasts). Listen to it when you get ready in the mornings…or noon… Keep a journal on the form that you are given. It is required that you listen once a week. G. Sign up for a DuoLingo account (if you haven’t already) and impress me when we return to school…yes, I know, I’m already impressed… H. Begin a journal in French…why not? The more you write, the better. Possible bons points… bring and let me see how much you wrote… I. Create flashettes on irregular verbs or charts on page 364. (Work for all activities will be due the first week that school is in session. It will be a grade.) *Remember my e-mail is: [email protected]. I’ll try to check it once a week in case you have questions. D’abord: Yes, it’s true…one day you will visit Versailles. You know the palace of Louis XIV? The Sun King? See how it was added onto throughout time. Try to answer the questions in the video.
    [Show full text]
  • Financial Report and Unaudited Condensed Financial Statements for the Nine Months Ended September 30, 2017
    Financial Report and Unaudited Condensed Financial Statements for the nine months ended September 30, 2017 November 16, 2017 VIVENDI Société anonyme with a Management Board and a Supervisory Board with a share capital of €7,119,287,400.50 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. Thursday November 16, 2017 KEY CONSOLIDATED FINANCIAL DATA FOR THE LAST FIVE YEARS ............................................................................................................. 4 I- FINANCIAL REPORT FOR THE FIRST NINE MONTHS OF 2017 ...................................................................................................................... 5 1 EARNINGS ANALYSIS: GROUP AND BUSINESS SEGMENTS ............................................................................................................................... 5 1.1 STATEMENT OF EARNINGS .................................................................................................................................................................................. 6 1.2 STATEMENT OF EARNINGS ANALYSIS ................................................................................................................................................................... 7 1.3 BUSINESS SEGMENT PERFORMANCE ANALYSIS ...................................................................................................................................................
    [Show full text]
  • Activity and Sustainable Development Report 2011 Highlights Activision Blizzard
    2011 ACTIVITY AND SUSTAINABLE DEVELOPMENT REPORT The Best Emotions, Digitally CONTENTS 02 VIVENDI GROUP 38 BUSINESS UNITS: 2011 HIGHLIGHTS 02 Message from Jean-Bernard Lévy, 40 Video games Chief Executive Officer 46 Music 04 Businesses panorama 52 Telecoms 06 Vivendi worldwide 54 Telecoms in France 08 Governance 58 Telecoms in Morocco 12 Key figures 2011 62 Telecoms in Brazil 14 Vivendi and its individual shareholders 66 Television and cinema 16 STRATEGY AND SUSTAINABLE 72 OUR TEN PRIORITY AREAS FOR ACTION DEVELOPMENT POLICY IN SUSTAINABLE DEVELOPMENT 18 Strategy 20 Innovation 74 Ethics and business practices 24 Sustainable development 75 Protecting and empowering youth 24 Interview with Jean-Yves Charlier, 76 Promoting cultural diversity member of the Supervisory Board 77 Sharing knowledge 26 Our policy 78 Protection of personal data 28 Implementation of our policy 79 Leveraging content and innovation 30 Dialogue with our stakeholders 80 Vigilance towards suppliers 34 Progress in 2011 and perspectives for 2012-2013 81 Leveraging human ressources 36 Sharing value in 2011 82 Territorial development 37 Our ten priority areas for action 83 Respecting the environment 84 Contact and information An Online Detailed Sustainable Development Report provides further information on the Group’s priority areas for action and presents the extra-financial indicators for 2011 as well as the report by one of Vivendi’s Statutory Auditors. This pictogram identifies stakeholders’ points of view Sustainable Development relating to the Group’s sustainable development policy. As a signatory of the United Nations Global Compact, Vivendi has committed itself to complying with and promoting its 10 principles concerning human rights, labor standards, the environment, and anti-corruption.
    [Show full text]
  • General Meeting Brochure
    GENERAL MEETING BROCHURE Annual Ordinary and Extraordinary General Meeting Wednesday, 30 June 2021 at 10 a.m. $$ # % 4 !#$%% %)% !#%#$ 1 % #$ &% $ !# ! $ * % !#%#$ 27 1 ( % !#%!% % # % 2 5 #! #%$ % $&!#'$ #* # 78 2 # % & # 6 #! #%$ % $%%&% #* &% #$ 91 % 6 #"&$%$ # '#* 3 #! #% % !#%#$ 9 &%$ #% 105 Lagardère SCA French partnership limited by shares (société en commandite par actions) with a share capital of €799,913,044.60 Registered office: 4, rue de Presbourg - Paris 16e (75), France Registered with the Paris Trade and Companies Registry under number 320 366 446 (SIRET number 320 366 446 00013) This English version has been prepared for the convenience of English-speaking readers. It is a translation of the original French Brochure de convocation prepared for the Annual Ordinary and Extraordinary General Meeting. It is intended for general information only and in the event of discrepancies, the French original shall prevail. !,,#! "+)' -$! (#%(# +-(!+, a benchmark in its industry. Other Activities, Lagardère News and Lagardère Live Entertainment, bore the brunt of the crisis on the advertising market in particular, as well as suffering from the closure of performance venues. However, the teams adapted quickly and creatively to continue to inform and to entertain, all whilst maintaining a sharp focus on controlling costs. These results underscore the relevance of our strategic model resulting from the refocusing completed in 2020, which is now based on two activities with diverse and complementary business models – a resilient powerhouse in Lagardère Publishing, and Lagardère Travel Retail, the growth engine primed for the rebound once the health crisis is under control – as well as Other Activities, and its roster of strong brands. This unprecedented period has also demonstrated the importance of our commitment to corporate social responsibility.
    [Show full text]
  • View Annual Report
    2016 ANNUAL REPORT CONTENT MESSAGES FROM THE SUPERVISORY BOARD AND THE MANAGEMENT BOARD 02 1 4 Profile of the Group and its Businesses | Financial Report | Statutory Auditors’ Report Financial Communication, Tax Policy on the Consolidated Financial Statements | and Regulatory Environment | Risk Factors 05 Consolidated Financial Statements | 1. Profi le of the Group and its Businesses 07 Statutory Auditors’ Report on 2. Financial Communication, Tax policy and Regulatory Environment 43 the Financial Statements | Statutory 3. Risk Factors 47 Financial Statements 183 Selected key consolidated fi nancial data 184 I - 2016 Financial Report 185 II - Appendix to the Financial Report: Unaudited supplementary fi nancial data 208 2 III - Consolidated Financial Statements for the year ended December 31, 2016 210 Societal, Social and IV - 2016 Statutory Financial Statements 300 Environmental Information 51 1. Corporate Social Responsibility (CSR) Policy 52 2. Key Messages 58 3. Societal, Social and Environmental Indicators 64 4. Verifi cation of Non-Financial Data 101 5 Recent Events | Forecasts | Statutory Auditors’ Report on EBITA forecasts 343 1. Recent Events 344 2. Forecasts 344 3 3. Statutory Auditors’ Report on EBITA forecasts 345 Information about the Company | Corporate Governance | Reports 107 1. General Information about the Company 108 2. Additional Information about the Company 109 3. Corporate Governance 125 6 4. Report by the Chairman of Vivendi’s Supervisory Board Responsibility for Auditing the Financial Statements 347 on Corporate Governance, Internal Audits and Risk 1. Responsibility for Auditing the Financial Statements 348 Management – Fiscal year 2016 172 5. Statutory Auditors’ Report, Prepared in Accordance with Article L.225-235 of the French Commercial Code, on the Report Prepared by the Chairman of the Supervisory Board of Vivendi SA 181 ANNUAL REPORT 2016 ANNUAL REPORT 2016 The Annual Report in English is a translation of the French “Document de référence” provided for information purposes.
    [Show full text]
  • LE MONDE/PAGES<02>
    www.lemonde.fr 58 ANNÉE – N 17920 – 1,20 ¤ – FRANCE MÉTROPOLITAINE --- VENDREDI 6SEPTEMBRE 2002 FONDATEUR : HUBERT BEUVE-MÉRY – DIRECTEUR : JEAN-MARIE COLOMBANI SÉRIE Le projet de Bush prépare le Congrès budget 2003 f Le premier ministre veut une baisse à une « action » contre l’ Irak supplémentaire GEORGE W. BUSH a commen- de 3 milliards d’euros cé mercredi 4 septembre le travail des impôts de préparation politique à une éventuelle intervention contre et des charges l’Irak. Le président américain a / ENQUÊTE reçu à la Maison Blanche les chefs f Dans un entretien de file du Congrès pour leur dire Jean-Marie Messier que Saddam Hussein était une au « Monde », Marc « menace sérieuse » pour les Etats- Blondel met en garde Quatrième chapitre : Unis et « pour le monde ». « L’inac- tion n’est pas une option », a-t-il le gouvernement : Vivendi Environnement ajouté, déclarant encore : « Aujour- « Les fonctionnaires est à vendre. d’hui démarre le processus de dialo- gue avec les élus et, par conséquent, vont craquer » Les politiques avec le peuple au sujet de notre ave- nir. » Le président entend que le s’y opposent. L’hallali Congrès, d’ici à la fin de la session, f Conformément est proche. p.12le 4 octobre, approuve sa politique irakienne par un vote, en se pro- aux engagements nonçant sur un texte qui n’exclura de Jacques Chirac, pas l’emploi de la force. Dans une lettre adressée aux dirigeants du le budget de la 0123 Congrès, M. Bush écrit au sujet de consensus national pour l’action ». auditions sur l’Irak et entendre à téléphone avec les responsables défense sera en forte DES LIVRES la « menace » irakienne : «Jeme M.
    [Show full text]
  • ITU Operational Bulletin No.933 / 1.VI.2009
    ITU Operational Bulletin No. 933 1.VI.2009 (Information received by 20 May 2009) Table of Contents Page General information Lists annexed to the ITU Operational Bulletin: Note from TSB.............................................................. 2 Approval of Recommendations ITU-T................................................................................................... 3 Notification of case of possible misuse of numbering resources (According to ITU-T Recommen- dation E.156): Guinea-Bissau (Institut des Communications de la Guinée-Bissau (ICGB), Bissau) ....... 3 Mobile Country or Geographical Area Codes: Identification codes for International Mobile Networks......................................................................................................................................... 4 Assignment of Signalling Area/Network Codes (SANC) (ITU-T Recommendation Q.708 (03/99)): Australia, Sudan ................................................................................................................................ 4 Telephone Service: Belarus (Ministry of Communications and Informatization, Minsk)............................................... 4 Denmark (National IT and Telecom Agency (NITA), Copenhagen) ............................................... 5 France (Autorité de Régulation des Communications Electroniques et des Postes (ARCEP), Paris) 5 Malta (Malta Communications Authority (MCA), Valletta) ........................................................... 19 Solomon Islands (Solomon Telekom Co. Ltd, Honiara).................................................................
    [Show full text]