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registration document France Telecom 2009 - Orange.com

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9 ANALYSIS<br />

analysis of the financial position and earnings<br />

OF THE GROUP’S FINANCIAL POSITION AND EARNINGS<br />

Operating segments<br />

The table below sets out, for each of the <strong>France</strong> <strong>Tele<strong>com</strong></strong> Group’s operating segments, the transition from data on a historical basis to<br />

data on a <strong>com</strong>parable basis for 2008 for the key operating data.<br />

2008<br />

(in millions of euros)<br />

Revenues<br />

Financial year ended December 31, 2008<br />

EBITDA<br />

Operating<br />

in<strong>com</strong>e<br />

CAPEX<br />

Average<br />

number of<br />

employees<br />

<strong>France</strong><br />

Data on a historical basis 23,726 9,854 7,431 2,302 77,911<br />

Changes in the scope of consolidation (1) (72) 27 29 - (22)<br />

Foreign exchange fl uctuations (1) (2) - - - - -<br />

Other changes (1) (3) (27) (100) (99) 4 905<br />

Data on a <strong>com</strong>parable basis (1) 23,627 9,781 7,361 2,306 78,794<br />

United Kingdom<br />

Data on a historical basis 5,926 1,204 286 453 11,075<br />

Changes in the scope of consolidation (1) - - - - -<br />

Foreign exchange fl uctuations (1) (2) (637) (165) (66) (48) -<br />

Other changes (1) (3) - 41 41 - 5<br />

Data on a <strong>com</strong>parable basis (1) 5,289 1,080 261 405 11,080<br />

Spain<br />

Data on a historical basis 4,067 614 (630) 569 3,490<br />

Changes in the scope of consolidation (1) - - - - -<br />

Foreign exchange fl uctuations (1) (2) - - - - -<br />

Other changes (1) (3) - - - - -<br />

Data on a <strong>com</strong>parable basis (1) 4,067 614 (630) 569 3,490<br />

Poland<br />

Data on a historical basis 5,184 2,146 943 736 29,481<br />

Changes in the scope of consolidation (1) - 2 2 - (72)<br />

Foreign exchange fl uctuations (1) (2) (982) (408) (180) (139) -<br />

Other changes (1) (3) - - - - -<br />

Data on a <strong>com</strong>parable basis (1) 4,202 1,740 765 597 29,409<br />

Rest of the World<br />

Data on a historical basis 8,322 3,446 2,134 1,582 24,364<br />

Changes in the scope of consolidation (16) (2) (2) - (14)<br />

Foreign exchange fl uctuations (1) (2) 105 47 32 9 -<br />

Other changes (1) (3) (2) - - - (4)<br />

Data on a <strong>com</strong>parable basis (1) 8,409 3,491 2,164 1,591 24,346<br />

Enterprise<br />

Data on a historical basis 7,785 1,508 1,115 356 20,403<br />

Changes in the scope of consolidation (1) 6 (1) (1) 1 24<br />

Foreign exchange fl uctuations (1) (2) 48 70 71 (1) -<br />

Other change s (1) (3) (5) 1 (1) - (53)<br />

Data on a <strong>com</strong>parable basis (1) 7,834 1,578 1,184 356 20,374<br />

International Carriers & Shared Services<br />

Data on a historical basis 1,349 (444) (1,007) 869 16,069<br />

Changes in the scope of consolidation (1) 9 (4) (4) - (16)<br />

Foreign exchange fl uctuations (1) (2) - 18 19 - -<br />

Other changes (1) (3) (13) 59 58 (5) (853)<br />

Data on a <strong>com</strong>parable basis (1) 1,345 (371) (934) 864 15,200<br />

(1) Unaudited data.<br />

(2) Foreign exchange fl uctuations between average exchange rates in 2008 and average exchange rates in <strong>2009</strong>.<br />

(3) Including the impact of internal reorganizations between operating segments that do not affect the Group as a whole.<br />

254<br />

<strong>2009</strong> REGISTRATION DOCUMENT / FRANCE TELECOM

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