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
(in millions of euros)
Note
December
31, 2009
Nominal
amounts
H1 2010 H2 2010
Accrued
interest (2)
Future
interest (2)
Nominal
amounts
Accrued
interest (2)
Future
interest (2)
TDIRA 22 1,631 - 96 - -
Bonds, excluding TDIRA 22 31,094 301 900 230 2,671 71 519
Bank loans 22 1,959 294 27 65 85 - 50
Finance lease liabilities 22 667 253 - 5 12 - 5
Securitization debt 22 807 807 - - - - -
Commercial papers 22 300 300 - 0 - - -
Bank overdrafts 22 148 148 - - - - -
Other fi nancial liabilities 22 242 101 - 4 17 - 4
Financial liabilities at amortized
cost,
excluding trade payables 36,848 2,204 1,023 304 2,785 71 578
ECMS public tender offer 22 1,082 1,082 - - - - -
Other commitments to purchase noncontrolling
interest 22 23 23 - - - - -
Derivatives (liabilities) 23 1,359 33 (17) 63 1 (4) 58
Derivatives (assets) 23 (482) (84) (87) (30) (2) (10) (31)
Gross financial debt after
derivatives 38,830 3,258 919 337 2,784 57 605
Deposits received from customers 22 181 181 - - - - -
Trade payables 22 8,241 7,439 30 (0) 328 5 11
TOTAL FINANCIAL LIABILITIES
(including derivative assets) 47,252 10,878 949 337 3,112 62 616
(1) The amounts shown in this column are used, for items not recognized at fair value, to reconcile the breakdown of the nominal amounts, of accrued interest and the balance
in the statement of fi nancial position.
(2) The sum of accrued interest and future interest equals the amount of coupons to be paid.
At December 31, 2009, the liquidity position of France Telecom appeared to be suffi cient to cover 2010 obligations linked to the net
fi nancial debt, independently of cash fl ow to be generated in 2010:
Note December 31, 2009
Bank overdrafts 22 (148)
Cash 18 1,038
Cash equivalents 19 2,911
Other fi nancial assets at fair value, excluding derivatives 19 7
Available undrawn amount of credit facilities 22 10,071
Liquidity position 13,879
France Telecom’s debt ratings
France Telecom’s debt ratings at December 31, 2009 are as follows:
Standard & Poor’s Moody’s Fitch IBCA
Long-term debt A- A3 A-
Outlook Stable Stable Stable
Short-term debt A2 P2 F2
446
2009 REGISTRATION DOCUMENT / FRANCE TELECOM