registration document France Telecom 2009 - Orange.com

analysis of the financial position and earnings
9
ANALYSIS OF FRANCE TELECOM S.A.’S FINANCIAL POSITION AND EARNINGS (FRENCH GAAP)
9.2.3.6 Trade Payables
The breakdown of trade payables by due-date at year’s end was as follows:
(in millions of euros)
As of
December 31, 2009
Not due
Due for a
maximum of
2 months
Due for
more than
2 months
Trade payables 3,049 2,809 129 111
9.2.4 Equity Interests
In 2009, France Telecom S.A. subscribed to two capital
increases made by its subsidiary Equant, in January and July,
representing cash payments of 525 million euros and 410 million
euros respectively.
■ In January 2009, France Telecom S.A. contributed a
receivable owned by Orange Brand Services Ltd (OBSL)
to Orange Sverige, for a net total of 1.4 billion euros. This
contribution was made in exchange for a capital increase in
Orange Sverige subscribed to entirely by France Telecom
S.A. As of December 31, 2009, France Telecom S.A. owned
99.99% of Orange Sverige.
■ In 2009, France Telecom S.A. subscribed to two capital
increases made by its subsidiary Orange Participations,
in June and November, representing cash payments of
360 million euros and 110 million euros respectively.
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2009 REGISTRATION DOCUMENT / FRANCE TELECOM
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