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Vivendi Announces First Quarter 2011

(*) The reconciliation of EBIT to EBITA is presented in the Appendix IV.

APPENDIX IV VIVENDI RECONCILIATION OF EBIT TO EBITA AND OF EARNINGS, ATTRIBUTABLE TO VIVENDI SHAREOWNERS TO ADJUSTED NET INCOME (IFRS, unaudited)

 

Vivendi considers EBITA and Adjusted net income, non-GAAP measures, as relevant indicatorsof the Group’s operating and financial performance. Vivendi’s Management uses EBITA andAdjusted net income to manage the Group as they provide a better illustration of theperformance from continuing operations by excluding most non-recurring and non-operatingitems.

 
(in millions of euros)

1st Quarter 2011

 

1st Quarter 2010

         
 
EBIT (*) 1,582 1,456
Adjustments

Amortization of intangible assets acquired throughbusiness combinations (*)

123 134

Impairment losses of intangible assets acquired throughbusiness combinations (*)

- -
EBITA 1,705 1,590

   
(in millions of euros)

1st Quarter 2011

1st Quarter 2010

           
 
Earnings attributable to Vivendi SA shareowners (*) 1,734 598
Adjustments

Amortization of intangible assets acquired through businesscombinations (*)

123 134

Impairment losses of intangible assets acquired throughbusiness combinations (*)

- -
Other financial charges and income (*) (808 ) 69

Change in deferred tax asset related to the Consolidated GlobalProfit Tax System

(56 ) (20 )
Non-recurring items related to provision for income taxes 9 31
Provision for income taxes on adjustments (46 ) (48 )
Non-controlling interests on adjustments (6 ) (28 )
Adjusted net income 950   736  

(*) As reported in the Consolidated Statement of Earnings.

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