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Economic

Indicators

1

1.1. Breakdown of Revenues 04 1.2. Investments in Content 05 1.3. Impact and Audience 05

1.1. Breakdown of Revenues

The economic indicators presented hereafter are extracted from the

Consolidated Financial Statements for the year-end December 31, 2014,

prepared in accordance with International Financial Reporting Standards

(IFRS). Therefore, in compliance with IFRS 5, GVT (as from the third

quarter of 2014), SFR (as from the first quarter of 2014) as well as Maroc

Telecom group and Activision Blizzard (as from the second quarter of

2013) have been reported in Vivendi’s Consolidated Financial Statements

as discontinued operations. Vivendi deconsolidated SFR, Maroc Telecom

group and Activision Blizzard as from November 27, 2014, May 14, 2014,

and October 11, 2013, respectively. In practice, income and charges from

these four businesses have been reported as follows:

p

p

their contribution until the effective divestiture, if any, to each line of

Vivendi’s Consolidated Statement of Earnings (before non-controlling

interests) has been reported on the line “Earnings from discontinued

operations”;

p

p

in accordance with IFRS 5, these adjustments have been applied to

all periods presented to ensure consistency of information; and

p

p

their share of net income has been excluded from Vivendi’s adjusted

net income.

2014

2013

10,089

10,252

Revenues by business segment

(December 31 – in millions of euros)

2014

2013

Canal+ Group

5,456

5,311

Universal Music Group

4,557

4,886

Vivendi Village

96

71

Elimination of intersegment transactions

(20)

(16)

Total

10,089

10,252

04

Non-Financial Indicators Handbook 2014