registration document France Telecom 2009 - Orange.com

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20 CONSOLIDATED financial information concerning the issuer’s assets and liabilities, financial position and profits and losses STATEMENTS NOTE 11 Discontinued operations, assets held for sale and liabilities related to assets held for sale The companies in the United Kingdom that will be transferred to the joint venture with Deutsche Telekom are treated as discontinued operations. The reclassifi cations in the consolidated statement of fi nancial position at December 31, 2009 and in the income statements for the years 2007, 2008 and 2009 are shown in the note “Segment Information”. Transactions between discontinued operations and the rest of the France Telecom Group are accounted for before elimination of intra-group transactions so as to refl ect the future discontinued activities. Cash flows from discontinued operations Information on cash fl ows generated should be read in conjunction with the following information: ■ fi gures are presented after intercompany eliminations within the disposal group; ■ fi nancing fl ows refl ect changes in external debt, the net change in fi nancing accounts with the rest of the group, and capital transactions with shareholders (dividends, capital increase); ■ the change in external cash. (in millions of euros) December 31, 2009 December 31, 2008 December 31, 2007 Cash provided by operating activities 941 1,140 1,033 Cash used in investing activities (406) (463) (488) Cash used in fi nancing activities (554) (663) (540) Net change in cash and cash equivalents (19) 14 5 Cash fl ows over the three accounting periods are presented in a similar manner. 2009 fi nancing fl ows do not include the recapitalization needed to restore the net debt position of the entities to be transferred to the joint venture to the contractually stipulated amount of 1,250 million pounds sterling (1,407 million euros) net of operating cash fl ows generated (as defi ned in Note 28.7) since July 1, 2009 (approximately 172 million euros at December 31, 2009). Consolidated statement of financial position at December 31, 2009 In the presentation of assets held for sale, the net debt of the entities to be transferred was reduced to the contractually stipulated amount of 1,250 million pounds sterling (1,407 million euros). This debt is presented in the line item “Other noncurrent liabilities” in segment reporting. The cash arising from the operating cash fl ows of 172 million euros generated since July 1, 2009 as well as that to be transferred to the joint venture is included under “Other current assets”. The counterpart for this liability and this asset is presented in the rest of the France Telecom Group. (in millions of euros) Balance in the statement of financial position Of which net financial debt with the Group Liabilities related to assets held for sale (a) 3,180 1,407 Assets held for sale (b) 8,264 172 Net financial debt of assets held for sale (a)-(b) 1,235 In the consolidated statement of changes in shareholders’ equity, the components of other comprehensive income from discontinued operations amounts to (1,023) million euros and consists of translation adjustments. 402 2009 REGISTRATION DOCUMENT / FRANCE TELECOM
financial information concerning the issuer’s assets and liabilities, financial position and profits and losses 20 CONSOLIDATED STATEMENTS NOTE 12 Goodwill (in millions of euros) Gross value December 31, 2009 Accumulated impairment losses Net book value December 31, 2008 Net book value December 31, 2007 Net book value January 1, 2007 Net book value France 15,318 (13) 15,305 15,302 15,334 15,334 United Kingdom - - - 1,415 1,836 2,000 Poland 3,095 (1,307) 1,788 2,161 2,464 2,274 Spain 4,837 (114) 4,723 4,929 5,032 5,089 Rest of the World 6,096 (215) 5,881 6,024 5,700 5,948 Enterprise 1,047 (639) 408 421 399 308 International Carriers and Shared Services 68 - 68 49 42 9 TOTAL 30,461 (2,288) 28,173 30,301 30,807 30,962 Movements in the net book value of goodwill are as follows: (in millions of euros) 2009 2008 2007 Opening balance 30,301 30,807 30,962 Acquisitions (1) Note 3 36 366 436 Disposals (2) Note 3 - (5) (334) Impairment Note 8 (449) (271) (26) Translation adjustment 70 (602) (106) Reclassifi cations and other items (3) (268) 6 (125) Reclassifi cation to assets held for sale (1,517) - - Closing balance 28,173 30,301 30,807 (1) Including, in 2008, Telkom Kenya for 157 million euros, Mobistar for 71 million euros and TP Group for 39 million euros. Including, in 2007, FT España ISP (Ya.com) for 125 million euros, Orange Moldova for 85 million euros, VOXmobile for 71 million euros and Groupe Silicomp for 70 million euros. (2) In 2007, (334) million euros relating to the sale of Orange’s Dutch mobile and Internet businesses. (3) Mostly relating to transactions involving the Spanish entities. 20 NOTE 13 Other intangible assets (in millions of euros) Gross value December 31, 2009 Accumulated depreciation and amortization Impairment Net book value December 31, 2008 Net book value December 31, 2007 Net book value Telecommunication licenses 3,715 (1,382) - 2,333 5,909 7,172 Brands 4,101 - (721) 3,380 (1) 3,217 4,090 Subscriber bases 4,456 (3,622) (32) 802 (2) 1,232 1,671 Software 9,294 (5,821) (37) 3,436 3,734 3,442 Other intangible assets 881 (290) (166) 425 359 283 TOTAL 22,447 (11,115) (956) 10,376 14,451 16,658 (1) Including, at December 31, 2009, the Orange brand for 3,133 million euros and the TP brand for 194 million euros. (2) Including, at December 31, 2009, FT España for 690 million euros, the Jordanian entities for 71 million euros and Sonatel for 15 million euros. 2009 REGISTRATION DOCUMENT / FRANCE TELECOM 403
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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 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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7 176 2009 REGISTRATION DOCUMENT /
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8 NETWORKS property, plant and equi
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9 ANALYSIS analysis of the financia
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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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egistration document appendices COR
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580 2009 REGISTRATION DOCUMENT / FR
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France Telecom Group
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registration document France Telecom 2009 - Orange.com

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