registration document France Telecom 2009 - Orange.com

financial information concerning the issuer’s assets and liabilities, financial position and profits and losses
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CONSOLIDATED STATEMENTS
■ the recognition and measurement options proposed by the IFRS standards:
Standard
Option used
IAS 2 Inventories Measurement of inventories determined by the weighted
average unit cost method
IAS 16 Property, Plant and Equipment Measurement at amortized historical cost
IAS 19 Employee Benefi ts Recognition of actuarial gains and losses on pensions and other
post-employment benefi t obligations from January 1, 2004
according to the corridor method
IAS 31 Interests in Joint Ventures Accounting for using the proportionate consolidation method
IAS 38 Intangible Assets Measurement at amortized historical cost
■ the available exemptions regarding the retrospective application of IFRSs at the transition date (January 1, 2004 for the Group)
hereafter summarized:
Standard
IFRS 1 option used
IFRS 2 Share-based Payment Retrospective application of the provisions of IFRS 2 to equitysettled
and cash-settled plans, including those implemented
prior to November 7, 2002
IFRS 3 Business Combinations Non-application of the provisions of this standard for business
combinations prior to the transition date
IAS 16 and
IAS 38
Property, Plant and Equipment
and Intangible Assets
Acquisition of non-controlling interests accounted for as
goodwill for the difference between the acquisition cost
and the minority interest share in the net equity, without any
remeasurement of the assets and liabilities acquired
Measurement of property, plant and equipment and intangible
assets at historical cost, except for certain real estate assets
held by TP Group and certain items of property, plant and
equipment owned by France Telecom S.A. which were
remeasured at fair value at the time of the change in the
Company’s status and deregulation of the telecommunications
market in 1996
IAS 19 Employee Benefi ts Recognition of all actuarial gains and losses existing as of
January 1, 2004 in equity
IAS 21 Effect of Changes in Foreign Exchange Rates Transfer into retained earnings of all cumulative translation
differences for all foreign operations at January 1, 2004
IAS 39 Financial Instruments Reclassifi cation of certain fi nancial instruments recognized prior
to January 1, 2004 as fi nancial assets and liabilities at fair value
through profi t or loss or as assets available for sale
Prospective application as of January 1, 2004 of the fair value
option relating to initial recognition of certain fi nancial assets and
liabilities
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■ accounting positions adopted by the Group in accordance
with paragraphs 10 to 12 of IAS 8 hereafter:
Topic
Note
Presentation of consolidated fi nancial statements 2.1
Non-controlling interests 2.4
Taxes and deferred taxes 2.17
Waste electrical and electronical equipment 2.18
Individual right to training for employees (Droit Individuel
à la Formation (DIF)) 2.19
Employee share offer 2.20
Lastly, where a specifi c transaction is not dealt with in any
standards or interpretations, management uses its judgment to
defi ne and apply an accounting policy that will result in relevant
and reliable information, such that the fi nancial statements:
■ present fairly the Group’s fi nancial position, fi nancial
performance and cash fl ows;
■ refl ect the economic substance of transactions;
■ are neutral;
■ are prepared on a prudent basis; and
■ are complete in all material respects.
2009 REGISTRATION DOCUMENT / FRANCE TELECOM
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