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
10.3 Tax position in statement of financial position
December 31, 2009 December 31, 2008 December 31, 2007
(in millions of euros)
Assets Liabilities Net Assets Liabilities Net Assets Liabilities Net
France tax group
UK
■ Current taxes 12 61 (49) 11 22 (11) 51 23 28
■ Deferred taxes 2,666 - 2,666 4,060 - 4,060 6,003 - 6,003
■ Current taxes 33 - 33 - 12 (12) - 8 (8)
■ Deferred taxes - 877 (877) - 1,003 (1,003) - 1,322 (1,322)
Spain
■ Current taxes 1 - 1 - - - - - -
■ Deferred taxes 419 85 334 461 127 334 1,038 85 953
TP Group
■ Current taxes 6 1 5 40 3 36 14 4 10
■ Deferred taxes 87 - 87 62 - 62 28 - 28
Other subsidiaries
■ Current taxes 90 243 (153) 93 240 (147) 46 296 (250)
■ Deferred taxes 567 128 439 559 158 401 204 132 72
Total tax on continuing
operations
■ Current taxes 142 305 (163) 144 277 (133) 111 331 (220)
■ Deferred taxes 3,739 1,090 2,649 5,142 1,288 3,854 7,273 1,539 5,734
Total tax on assets held for sale
■ Current taxes - 93 (93) - - - - - -
■ Deferred taxes - 237 (237) - - - - - -
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Tax assets and liabilities by type of temporary difference
December 31, 2009 December 31, 2008 December 31, 2007
(in millions of euros)
Net Net Net
Provisions for early retirement plans 426 411 618
Fixed assets (616) (813) (881)
Tax loss carryforwards 2,012 3,709 5,408
Other differences 827 547 589
Net deferred taxes on continuing operations 2,649 3,854 5,734
At December 31, 2009, unrecognized deferred tax assets for the
France Telecom Group amounted to 5.7 billion euros (5.4 billion
euros in 2008 and 4.8 billion euros in 2007), mainly comprising
tax loss carryforwards located in many jurisdictions and that
were not recognized in the consolidated fi nancial statements in
accordance with the accounting policies described in Note 2.17.
Changes in Group net deferred taxes
(in millions of euros) 2009 2008 2007
Opening balance (asset position) 3,854 5,734 6,402
Changes in the scope of consolidation (2) (50) (11)
Recognition through net income (1,655) (2,108) (721)
Recognition through equity 87 (24) (106)
Translation adjustments and other items 128 302 170
Impact of assets held for sale 237 - -
Closing balance (asset position) 2,649 3,854 5,734
2009 REGISTRATION DOCUMENT / FRANCE TELECOM
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