registration document France Telecom 2009 - Orange.com

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9 ANALYSIS analysis of the financial position and earnings OF THE GROUP’S FINANCIAL POSITION AND EARNINGS (1) Z 2007 - COMPARABLE BASIS Discontinued operations Financial year ended December 31, 2007 (in millions of euros) France United Kingdom Spain Poland Rest of the World Enterprise Total Segments IC & SS Eliminations United Eliminations and Kingdom other Total Group Revenues 23,295 5,630 4,030 5,184 7,831 7,628 1,247 (2,875) 51,970 (5,630) 137 46,477 ■ external 21,776 5,577 3,963 5,141 7,562 7,196 755 - 51,970 (5,577) 84 46,477 ■ inter-operating segments 1,519 53 67 43 269 432 492 (2,875) - (53) 53 - External purchases (8,612) (3,825) (2,953) (2,103) (3,580) (4,887) (2,890) 6,436 (22,414) 3,825 (214) (18,803) Other operating income 1,542 14 21 79 85 122 3,240 (4,661) 442 (14) 255 683 Other operating expenses (1,783) (305) (315) (298) (372) (180) (232) 1,100 (2,385) 305 (176) (2,256) Labour expenses (4,724) (424) (188) (685) (676) (1,408) (1,280) - (9,385) 424 - (8,961) Gains (losses) on disposal of assets 2 (5) (6) 10 (2) 5 756 - 760 5 - 765 Restructuring costs (58) (17) (3) - (8) (28) (89) - (203) 17 - (186) Share of profi t (losses) of associates - - - - - - - - - - - - EBITDA 9,662 1,068 586 2,187 3,278 1,252 752 - 18,785 (1,068) 2 17,719 Depreciation and amortization (2,664) (890) (1,148) (1,265) (1,066) (422) (546) - (8,001) 890 - (7,111) Impairment of goodwill - - - - - - (26) - (26) - - (26) Impairment of fi xed assets - - (1) 1 (17) (93) 4 - (106) - - (106) Operating income 6,998 178 (563) 923 2,195 737 184 - 10,652 (178) 2 10,476 CAPEX 2,285 448 642 1,038 1,453 407 739 - 7,012 (448) - 6,564 Telecommunication licenses - - - - 81 - - - 81 - - 81 Average number of employees 81,204 10,783 3,687 31,510 26,344 19,574 16,531 - 189,633 (10,783) - 178,850 (1) Unaudited data. Data on a comparable basis compared to FY 2008. See Section 9.1.5.1 Transition from data on a historical basis to data on a comparable basis. 226 2009 REGISTRATION DOCUMENT / FRANCE TELECOM
analysis of the financial position and earnings 9 ANALYSIS OF THE GROUP’S FINANCIAL POSITION AND EARNINGS Z 2007 - HISTORICAL BASIS Discontinued operations Financial year ended December 31, 2007 (in millions of euros) France United Kingdom Spain Poland Rest of the World Enterprise Total Segments United Kingdom IC & SS Eliminations Eliminations and other Total Group Revenues 23,267 6,540 3,963 4,825 8,287 7,723 1,240 (2,886) 52,959 (6,540) 149 46,568 ■ external 21,762 6,478 3,896 4,785 8,009 7,289 740 - 52,959 (6,478) 87 46,568 ■ inter-operating segments 1,505 62 67 40 278 434 500 (2,886) - (62) 62 - External purchases (8,628) (4,419) (2,844) (1,967) (3,921) (4,932) (2,897) 6,452 (23,156) 4,419 (226) (18,963) Other operating income 1,545 24 27 83 93 121 3,246 (4,699) 440 (24) 264 680 Other operating expenses (1,782) (331) (305) (268) (389) (179) (239) 1,133 (2,360) 331 (184) (2,213) Labour expenses (4,687) (491) (171) (642) (684) (1,447) (1,283) - (9,405) 491 - (8,914) Gains (losses) on disposal of assets 2 (6) (6) 9 (2) 5 767 - 769 6 - 775 Restructuring costs (58) (20) (3) - (9) (28) (90) - (208) 20 1 (187) Share of profi t (losses) of associates - - - - 4 - - - 4 - - 4 EBITDA 9,659 1,297 661 2,040 3,379 1,263 744 - 19,043 (1,297) 4 17,750 Depreciation and amortization (2,657) (1,034) (1,129) (1,172) (1,147) (421) (551) - (8,111) 1,034 - (7,077) Impairment of goodwill - - - - - - (26) - (26) - - (26) Impairment of fi xed assets - - (1) 1 (18) (93) 4 - (107) - - (107) Operating income 7,002 263 (469) 869 2,214 749 171 - 10,799 (263) 4 10,540 CAPEX 2,277 520 624 962 1,488 407 701 - 6,979 (520) - 6,459 Telecommunication licenses - - - - 85 - - - 85 - - 85 Average number of employees 80,904 10,893 3,410 31,789 21,146 19,288 16,369 - 183,799 (10,893) - 172,906 9 2009 REGISTRATION DOCUMENT / FRANCE TELECOM 227
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egistration document France Telecom
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table of contents 8 9 10 11 12 13 1
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nota This Registration Document ser
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1 8 2009 REGISTRATION DOCUMENT / FR
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2 10 2009 REGISTRATION DOCUMENT / F
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3 CONSOLIDATED selected financial i
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4 risk factors In addition to the o
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4 OPERATIONAL risk factors RISKS In
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4 OPERATIONAL risk factors RISKS Fi
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4 LEGAL risk factors RISKS frequent
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4 FINANCIAL risk factors RISKS Cred
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4 FINANCIAL risk factors RISKS Equi
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5 INVESTMENTS information about the
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6 THE overview of the group’s bus
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6 THE overview of the group’s bus
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6 FRANCE overview of the group’s
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6 OVERVIEW overview of the group’
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6 ENVIRONMENTAL overview of the Gro
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6 REGULATIONS overview of the Group
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6 INSURANCE overview of the Group
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Page 180 and 181: 8 NETWORKS property, plant and equi
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11 innovation, research and develop
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14 ORGANIZATION administrative and
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14 STRUCTURE administrative and man
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14 INTERNAL administrative and mana
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14 REPORT administrative and manage
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15 RULES compensation and benefits
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15 TOTAL compensation and benefits
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15 COMPENSATION compensation and be
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17 WORKFORCE employees TRENDS The i
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17 WORKFORCE employees TRENDS Priva
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17 ORGANIZATION employees OF WORKIN
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17 employees COMPENSATION Z COMPENS
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17 employees COMPENSATION Option pl
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17 LABOUR employees RELATIONS Stock
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employees 17 TRAINING The preventio
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17 employees OUTSOURCING The amount
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18 DISTRIBUTION major shareholders
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18 340 2009 REGISTATION DOCUMENT /
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20 CONSOLIDATED financial informati
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20 NON financial information concer
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20 NON financial information concer
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20 NOTES financial information conc
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20 DIVIDEND financial information c
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21 SHARE additional information CAP
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21 MEMORANDUM additional informatio
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21 MEMORANDUM additional informatio
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26 DRAFT 2010 shareholders’ meeti
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26 REPORT 2010 shareholders’ meet
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26 STATUTORY 2010 shareholders’ m
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egistration document appendices TEC
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egistration document appendices FIN
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egistration document appendices ANN
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580 2009 REGISTRATION DOCUMENT / FR
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France Telecom Group
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