registration document France Telecom 2009 - Orange.com

20 CONSOLIDATED
financial information concerning the issuer’s assets and liabilities, financial position and profits and losses
STATEMENTS
The table below shows a breakdown of fi nancial assets at fair value through profi t or loss:
(in millions of euros) December 31, 2009 December 31, 2008 December 31, 2007
Negotiable debt securities - 608 (1) 488
Derivatives held for trading (assets) (2) 284 216 98
Other investments at fair value 7 3 2
Other financial assets at fair value through profit or loss 291 827 588
Deposits 427 1,060 89
Certifi cates of deposit 138 1,249 2,213
Commercial papers - 450 344
Mutual funds (SICAV and FCP) (3) 2,112 866 69
Other 234 141 7
Cash equivalents 2,911 3,766 2,722
Financial assets at fair value through profit or loss 3,202 4,593 3,310
(1) Matured on January 2, 2009.
(2) See Note 23, Derivative instruments.
(3) These investments are classifi ed in the AMF category “Monétaires euro” and meet the criteria required for classifi cation as cash equivalents (assets that are readily convertible
into a known amount of cash and exposed to negligible risk of change in value).
Apart from derivative assets, which are classifi ed by nature as
fi nancial assets at fair value through profi t or loss, the other
fi nancial assets are included in this category, as they are shortterm
investments for which management and performance are
evaluated on the basis of fair value.
NOTE 20 Other assets and prepaid expenses
20.1 Other assets
(in millions of euros) December 31, 2009 December 31, 2008 December 31, 2007
VAT receivables 1,154 1,365 1,266
Advances and downpayments (1) 168 148 348
Other 559 662 484
TOTAL 1,881 2,175 2,098
of which other non-current assets 32 32 63
of which other current assets 1,849 2,143 2,035
(1) Including, in 2007, 145 million euros relating to the purchase of buildings.
Other assets reclassifi ed as assets held for sale amount to 9 million euros at December 31, 2009 (including 9 million euros of other
current assets).
20.2 Prepaid expenses
(in millions of euros) December 31, 2009 December 31, 2008 December 31, 2007
Prepaid external purchases 393 550 573
Other prepaid operating expenses 35 31 100
TOTAL 428 581 673
Prepaid expenses reclassifi ed as assets held for sale amount to 289 million euros at December 31, 2009.
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2009 REGISTRATION DOCUMENT / FRANCE TELECOM