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
NOTE 31 Unrecognized contractual commitments
At December 31, 2009, the management considers that to the
best of its knowledge, there were no existing commitments,
other than those described in this note, likely to have a material
effect on the current or future fi nancial position of France
Telecom.
The table below provides a schedule of contractual commitments
refl ected in the statement of fi nancial position at year-end. It
covers the provisions for early retirement plans, French Parttime
for seniors plan, pensions and other post-employment
benefi ts.
(in millions of euros)
Statement of financial
position at
December 31, 2009
Note
Total /
Ceiling
Before
end of
December
2010
Schedule of undiscounted future cash flows
Before
end of
December
2011
Before
end of
December
2012
Before
end of
December
2013
Before
end of
December
2014
As from
January
2015
Early retirement plans 25 433 315 118 6
French part-time for seniors
plan (1) 24 569 53 98 155 185 175 121
Pensions and other postemployment
benefi ts 24 626 77 68 68 60 75 385
TOTAL 1,628 445 284 229 245 250 506
(1) The cash fl ows related to the French part-time for seniors plan have been estimated based on the same assumptions as those used to calculate the corresponding provision at
December 31, 2009: they are sensitive to the plan sign-up rate (estimated at 70%), to the eligible population and to the choices employees will make among the different packages
offered.
Amena price guarantee
At the time of the acquisition by France Telecom, on November 8,
2005, of Auna Operadores de Telecomunicaciones SA, which
owns Retevision Movil SA (Amena), the minority shareholders of
Auna (renamed France Telecom España in 2006) were awarded
certain guarantees in respect of the price at which France
Telecom would buy their shares. As France Telecom acquired
the non-controlling interests of France Telecom España in April
2009, the price guarantee expired.
31.1 Leasing commitments
Z MINIMUM FUTURE LEASE PAYMENTS DUE UNDER NON-CANCELLABLE LEASES AT DECEMBER 31, 2009, BY MATURITY
(in millions of euros)
Total
Before end of
December
2010
Before end of
December
2011
Before end of
December
2012
Before end of
December
2013
Before end of
December
2014
As from
January
2015
Operating leases (1) 5,607 964 842 723 661 611 1,806
Finance leases (2) 699 275 53 46 45 69 211
(1) Includes lease payments in the form of overhead (land, buildings, equipment, vehicles and other assets), including those relating to contracts entered into in connection with the sale
of a portion of France Telecom’s real estate assets (see below).
(2) Included in debt (see Note 28.3, Liquidity risk management). Including (i) lease payments on France Telecom S.A.’s QTE leases and (ii) 95 million in interest.
As part of the divestment of a portion of its real estate assets in
2001, 2002 and 2003, the Group undertook to re-lease these
buildings under commercial operating leases, except for certain
assets vacated in the short term. The Group may choose
whether or not to renew these leases upon expiry or to replace
them by other leases with renegotiated terms and conditions.
The rental expense regarding property sold under these disposal
plans amounted to 264 million euros as of December 31, 2009,
including rental charges.
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2009 REGISTRATION DOCUMENT / FRANCE TELECOM