Universal Music Group 2012 Annual Report
2012
ANNUAL REPORT
CONTENTS
1 2
GROUP PROFILE – BUSINESSES – LITIGATION – RISK FACTORS
1. 2. 3. 4. GROUP PROFILE BUSINESSES LITIGATION RISK FACTORS
2
4 16 45 51
4
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS – STATUTORY FINANCIAL STATEMENTS
SELECTED KEY CONSOLIDATED FINANCIAL DATA
168
170
171
SOCIETAL, SOCIAL AND ENVIRONMENTAL INFORMATION
1. 2. 3. 4. 5. CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY SOCIETAL INFORMATION SOCIAL INFORMATION ENVIRONMENTAL INFORMATION VERIFICATION OF NON-FINANCIAL DATA
54
56 60 71 86
I. II.
2012 FINANCIAL REPORT APPENDICES TO THE FINANCIAL REPORT: UNAUDITED SUPPLEMENTARY FINANCIAL DATA CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012 VIVENDI SA 2012 STATUTORY FINANCIAL STATEMENTS
207
III.
212 320
IV. 95
3
INFORMATION ABOUT THE COMPANY – CORPORATE GOVERNANCE
1. 2. 3. 4. GENERAL INFORMATION ABOUT THE COMPANY ADDITIONAL INFORMATION ABOUT THE COMPANY CORPORATE GOVERNANCE REPORT BY THE CHAIRMAN OF VIVENDI’S SUPERVISORY BOARD ON CORPORATE GOVERNANCE, INTERNAL AUDITS AND RISK MANAGEMENT – FISCAL YEAR ENDED DECEMBER 31, 2012 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
100
102 103 118
5 6
RECENT EVENTS – OUTLOOK – STATUTORY AUDITORS’ REPORT
1. 2. 3. RECENT EVENTS OUTLOOK STATUTORY AUDITORS’ REPORT ON EBITA OR EBITDA FORECASTS BY BUSINESS UNIT
364
366 366
367
INDEPENDENT AUDITORS RESPONSIBLE FOR AUDITING – THE FINANCIAL STATEMENTS
1. INDEPENDENT AUDITORS RESPONSIBLE FOR AUDITING THE FINANCIAL STATEMENTS
368
156
5.
370
166
2012
ANNUAL REPORT
The Annual Report in English is a translation of the French “Document de référence” provided for information
ANNUAL REPORT
CONTENTS
1 2
GROUP PROFILE – BUSINESSES – LITIGATION – RISK FACTORS
1. 2. 3. 4. GROUP PROFILE BUSINESSES LITIGATION RISK FACTORS
2
4 16 45 51
4
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS – STATUTORY FINANCIAL STATEMENTS
SELECTED KEY CONSOLIDATED FINANCIAL DATA
168
170
171
SOCIETAL, SOCIAL AND ENVIRONMENTAL INFORMATION
1. 2. 3. 4. 5. CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY SOCIETAL INFORMATION SOCIAL INFORMATION ENVIRONMENTAL INFORMATION VERIFICATION OF NON-FINANCIAL DATA
54
56 60 71 86
I. II.
2012 FINANCIAL REPORT APPENDICES TO THE FINANCIAL REPORT: UNAUDITED SUPPLEMENTARY FINANCIAL DATA CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012 VIVENDI SA 2012 STATUTORY FINANCIAL STATEMENTS
207
III.
212 320
IV. 95
3
INFORMATION ABOUT THE COMPANY – CORPORATE GOVERNANCE
1. 2. 3. 4. GENERAL INFORMATION ABOUT THE COMPANY ADDITIONAL INFORMATION ABOUT THE COMPANY CORPORATE GOVERNANCE REPORT BY THE CHAIRMAN OF VIVENDI’S SUPERVISORY BOARD ON CORPORATE GOVERNANCE, INTERNAL AUDITS AND RISK MANAGEMENT – FISCAL YEAR ENDED DECEMBER 31, 2012 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
100
102 103 118
5 6
RECENT EVENTS – OUTLOOK – STATUTORY AUDITORS’ REPORT
1. 2. 3. RECENT EVENTS OUTLOOK STATUTORY AUDITORS’ REPORT ON EBITA OR EBITDA FORECASTS BY BUSINESS UNIT
364
366 366
367
INDEPENDENT AUDITORS RESPONSIBLE FOR AUDITING – THE FINANCIAL STATEMENTS
1. INDEPENDENT AUDITORS RESPONSIBLE FOR AUDITING THE FINANCIAL STATEMENTS
368
156
5.
370
166
2012
ANNUAL REPORT
The Annual Report in English is a translation of the French “Document de référence” provided for information
Cited: in the European Commission’s Communication, September 26, 2012.