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
Rules for approving auditors’ fees
France Telecom’s Audit Committee defi nes and oversees
the procedures for selecting statutory auditors and makes a
recommendation to the Board of Directors on their appointment
and the terms of their compensation. The Audit Committee
also reviews the policies and rules designed to safeguard
the independence of the statutory auditors. It studies their
engagement plan and the scope of their assignment.
With a view to safeguarding the auditors’ independence and
objectivity and in accordance with the applicable European and
US regulations, France Telecom has instituted a policy for preapproving
audit and other services provided by the auditors.
In December 2003, the Audit Committee adopted Group-wide
internal rules in this area. These rules stipulate that all permitted
audit or other services are subject to prior approval by the
Audit Committee. Approval is granted either on a general basis
covering a list of specifi c services, or on a case-by-case basis
for all other services. Other services (including those directly
related to the audit assignment) which may be subject to prior
approval on a general basis are limited to a percentage of
audit fees. Services provided above and beyond these limits
are subject to specifi c prior approval. Lastly, the internal rules
provide a list of non-audit related services which are prohibited
because they could interfere with the auditors’ independence.
All services provided by the statutory auditors in 2007, 2008
and 2009 were approved, in accordance with these rules, and
the Audit Committee was regularly informed of the services
provided and fees due.
NOTE 36 Scope of consolidation
The main changes in consolidation scope in the year ended December 31, 2009 are set out in Note 3. Special-purpose entities
included within the scope of consolidation are mainly companies linked to securitization operations. The table below covers the
principal legal holdings.
COMPANY
COUNTRY
France Telecom S.A. Parent company France
Fully consolidated companies
France Segment % interest Country
Corsica Haut Débit 100.00 France
w-HA 100.00 France
Nordnet 100.00 France
Orange Distribution 100.00 France
Orange Promotions 100.00 France
Orange France SA 100.00 France
Orange Mayotte 100.00 France
Orange Assistance 100.00 France
Orange Caraïbe 100.00 France
Orange Réunion 100.00 France
FCT Valmy SCP 100.00 France
FCT Valmy SCE 100.00 France
SPM Telecom (Saint-Pierre & Miquelon) 70.00 France
Ten 94.85 France
Cityvox 100.00 France
Gironde Haut Débit 100.00 France
United Kingdom Segment % interest Country
OPCS - Orange Personal Com. Serv. Ltd 100.00 UK
HTRL - Orange Retail Limited 100.00 UK
Orange Home UK 100.00 UK
OHCS II - Serviços de Internet 100.00 Portugal
Orange pension Trustees Ltd 100.00 UK
Orange Services India Private Limited 100.00 India
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2009 REGISTRATION DOCUMENT / FRANCE TELECOM