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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