Financial income Net finance income/expense Non-current royalty advances Catalogues Current royalty advances Trade and other receivables including contract assets Non-controlling interests Trade and other payables including contract liabilities Royalty advances payments, net of recoupments classified as operating activities Catalogue investments classified as investing activities Other intangible assets investments classified as investing activities Dividends received from unconsolidated companies classified as investing activities Other transactions with shareowners classified as financing activities Cash flows from transactions with shareowners classified as financing activities Cash flows from transactions on borrowings and other financial liabilities classified as financing activities Capital [member] Retained earnings excluding other comprehensive income [member] Equity at beginning of period attributable to Universal Music Group Equity at beginning of period attributable to non-controlling interests Contributions by/ (distributions to) shareowners Dividends paid and payable by UMG N.V. Capital increase related to share-based compensation plans Shares held under share-based compensation plans Contributions by (distributions to) non-controlling interests Changes in equity attributable to non-controlling interests Total changes over the period attributable to Universal Music Group Shareowners Total changes over the period attributable to non-controlling interests Equity at end of period attributable to Universal Music Group Equity at end of period attributable to non-controlling interests Universal Music Group S.A.S. transferred to Vivendi SE Distribution by Universal International Music BV to be paid to shareowners