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 total amount of obligations arising from healthcare
coverage amounts to 2 million euros at December 31, 2009.
A one percent increase or decrease in the healthcare cost
trend rate would have had no material impact on the valuation
of obligations at December 31, 2009 or on the amount of the
expense for 2009.
France Telecom plans to pay 16 million euros during 2010 for its
defi ned benefi t plans.
24.3 Provisions for employment
termination benefits
Provisions for employment termination benefi ts are composed
of:
■ early retirement plans in France for civil servants and
employees under private contract;
■ other termination benefi ts.
The assumptions used for early retirement plans granted in France, which account for 99% of France Telecom’s obligations for
termination benefi ts, are the following:
December 31, 2009 December 31, 2008 December 31, 2007
Early retirement plan – France
Discount rate 2.00% 4.00% 4.75%
Average expected long-term increase in salaries 2.00% 2.00% 2.00%
Infl ation rate 2.00% 2.00% 2.00%
Due to the remaining duration of the early retirement plans, a reduction in the discount rate would not produce a material impact on
the amount of obligations at the end of the year.
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2009 REGISTRATION DOCUMENT / FRANCE TELECOM