Vivendi: Growth In 2010 Earnings
For any additional information, please refer to “Annual Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2010”, which will be released on line later on Vivendi’s website ( www.vivendi.com).
(*) The reconciliation of EBIT to EBITA and of Earnings, attributable to Vivendi shareowners to Adjusted net income is presented in the Appendix IV.
| APPENDIX II VIVENDI CONSOLIDATED STATEMENT OF EARNINGS (IFRS, audited) | ||||||||||||
| 4th Quarter 2010 | 4th Quarter 2009 | % Change | Full Year 2010 | Full Year 2009 | % Change | |||||||
| 8,009 | 7,607 | + 5.3% | Revenues | 28,878 | 27,132 | + 6.4% | ||||||
| (4,365) | (4,072) | Cost of revenues | (14,561) | (13,627) | ||||||||
| 3,644 | 3,535 | + 3.1% | Margin from operations | 14,317 | 13,505 | + 6.0% | ||||||
| (2,505) | (2,376) | Selling, general and administrative expenses excluding amortization of intangible assets acquired through business combinations | (8,456) | (8,069) | ||||||||
| (83) | (14) | Restructuring charges and other operating charges and income | (135) | (46) | ||||||||
| (182) | (210) | Amortization of intangible assets acquired through business combinations | (603) | (634) | ||||||||
| (244) | (920) | Impairment losses of intangible assets acquired through business combinations | (252) | (920) | ||||||||
| 630 | 15 | na | EBIT | 4,871 | 3,836 | + 27.0% | ||||||
| 56 | 53 | Income from equity affiliates | 195 | 171 | ||||||||
| (117) | (122) | Interest | (492) | (458) | ||||||||
| 2 | 2 | Income from investments | 7 | 7 | ||||||||
| 331 | (679) | Other financial charges and income | (17) | (795) | ||||||||
| 902 | (731) | na | Earnings from continuing operations before provision for income taxes | 4,564 | 2,761 | + 65.3% | ||||||
| (194) | (108) | Provision for income taxes | (1,042) | (675) | ||||||||
| 708 | (839) | na | Earnings from continuing operations | 3,522 | 2,086 | + 68.8% | ||||||
| - | - | Earnings from discontinued operations | - | - | ||||||||
| 708 | (839) | na | Earnings | 3,522 | 2,086 | + 68.8% | ||||||
| (149) | (119) | Non-controlling interests | (1,324) | (1,256) | ||||||||
| 559 | (958) | na | Earnings attributable to Vivendi shareowners | 2,198 | 830 | + 164.8% | ||||||
| 0.45 | (0.78) | na | Earnings attributable to Vivendi shareowners per share - basic | 1.78 | 0.69 | + 158.5% | ||||||
| 0.45 | (0.78) | na | Earnings attributable to Vivendi shareowners per share - diluted | 1.78 | 0.69 | + 158.4% |
In millions of euros, per share amounts in euros.
| APPENDIX III VIVENDI REVENUES AND EBITA BY BUSINESS SEGMENT (IFRS, audited) | |||||||||||||||||
| 4th Quarter 2010 | 4th Quarter 2009 | % Change | % Change at constant rate | (in millions of euros) | Full Year 2010 | Full Year 2009 | % Change | % Change at constant rate | |||||||||
| Revenues | |||||||||||||||||
| 1,050 | 1,052 | -0.2% | -8.3% | Activision Blizzard | 3,330 | 3,038 | +9.6% | +4.4% | |||||||||
| 1,522 | 1,385 | +9.9% | +2.2% | Universal Music Group | 4,449 | 4,363 | +2.0% | -3.6% | |||||||||
| 3,198 | 3,195 | +0.1% | +0.1% | SFR | 12,577 | 12,425 | +1.2% | +1.2% | |||||||||
| 709 | 695 | +2.0% | +0.5% | Maroc Telecom Group | 2,835 | 2,694 | +5.2% | +4.5% | |||||||||
| 297 | 104 | na | na | GVT | 1,029 | 104 | na | na | |||||||||
| 1,248 | 1,185 | +5.3% | +4.8% | Canal+ Group | 4,712 | 4,553 | +3.5% | +2.9% | |||||||||
| (15) | (9) | na | na | Non-core operations and others, and elimination of intersegment transactions | (54) | (45) | na | na | |||||||||
| 8,009 | 7,607 | +5.3% | +2.1% | Total Vivendi | 28,878 | 27,132 | +6.4% | +4.2% | |||||||||
| EBITA (*) | |||||||||||||||||
| 6 | 78 | -92.3% | -92.6% | Activision Blizzard | 692 | 484 | +43.0% | +40.7% | |||||||||
| 227 | 311 | -27.0% | -31.3% | Universal Music Group | 471 | 580 | -18.8% | -23.6% | |||||||||
| 490 | 544 | -9.9% | -9.9% | SFR | 2,472 | 2,530 | -2.3% | -2.3% | |||||||||
| 342 | 339 | +0.9% | -0.6% | Maroc Telecom Group | 1,284 | 1,244 | +3.2% | +2.4% | |||||||||
| 108 | 20 | na | na | GVT | 277 | 20 | na | na | |||||||||
| (70) | (102) | +31.4% | +30.8% | Canal+ Group | 690 | 652 | +5.8% | +5.4% | |||||||||
| (40) | (35) | -14.3% | -14.6% | Holding & Corporate | (127) | (91) | -39.6% | -39.5% | |||||||||
| (7) | (10) | na | na | Non-core operations and others | (33) | (29) | na | na | |||||||||
| 1,056 | 1,145 | -7.8% | -10.4% | Total Vivendi | 5,726 | 5,390 | +6.2% | +4.5% | |||||||||
na: not applicable.
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