registration document France Telecom 2009 - Orange.com

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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 464 2009 REGISTRATION DOCUMENT / FRANCE TELECOM
financial information concerning the issuer’s assets and liabilities, financial position and profits and losses 20 CONSOLIDATED STATEMENTS Spain Segment % interest Country Atlas Services Nederland (ASN) 100.00 Netherlands Telecom España Distribucion SA 99.98 Spain Inversiones en Telecomunicaciones 66.66 Spain EresMas Inc 99.98 USA Orange Catalunya Xarxes de Telecomunicacións S.A. 99.98 Spain France Telecom Espana 99.98 Spain StarMedia Mexico 98.98 Mexico Terravista 99.98 Portugal Poland Segment (1) % interest Country TPSA Eurofi nance France SA. 49.79 France PTK Centertel 49.79 Poland ORE (Otwarty Rynek Elektroniczny) 49.79 Poland TP S.A. Finance (BV) 49.79 Poland TP S.A. Eurofi nance (BV) 49.79 Poland TP Invest 49.79 Poland Telefon 2000 49.79 Poland Telefony Podlaskie 27.44 Poland TP S.A. 49.79 Poland TP EmiTel 49.79 Poland Exploris 49.79 Poland TP Teltech 49.79 Poland OPCO Sp. zo.o 49.79 Poland Contact Center sp. z o.o. 49.79 Poland Wirtualna Polska 49.79 Poland PTE TP S.A. 49.79 Poland Virgo Sp. Zo.o. 49.79 Poland Fundacja Orange 49.79 Poland Paytel SA 49.79 Poland Ramsat SA 49.79 Poland Prado Sp. z o.o. 49.79 Poland (1) TP S.A. and subsidiaries (TP Group): France Telecom has the power to appoint the majority of the Supervisory Board members of TP S.A.; TP S.A. and its subsidiaries are therefore fully consolidated. 20 2009 REGISTRATION DOCUMENT / FRANCE TELECOM 465
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egistration document France Telecom
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table of contents 8 9 10 11 12 13 1
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nota This Registration Document ser
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3 CONSOLIDATED selected financial i
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4 risk factors In addition to the o
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4 OPERATIONAL risk factors RISKS In
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4 OPERATIONAL risk factors RISKS Fi
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4 LEGAL risk factors RISKS frequent
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4 FINANCIAL risk factors RISKS Cred
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4 FINANCIAL risk factors RISKS Equi
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5 INVESTMENTS information about the
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6 THE overview of the group’s bus
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6 THE overview of the group’s bus
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6 FRANCE overview of the group’s
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6 OVERVIEW overview of the group’
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6 ENVIRONMENTAL overview of the Gro
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6 REGULATIONS overview of the Group
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6 INSURANCE overview of the Group
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8 NETWORKS property, plant and equi
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9 ANALYSIS analysis of the financia
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11 innovation, research and develop
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14 ORGANIZATION administrative and
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14 STRUCTURE administrative and man
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14 INTERNAL administrative and mana
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14 REPORT administrative and manage
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15 RULES compensation and benefits
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15 TOTAL compensation and benefits
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15 COMPENSATION compensation and be
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17 WORKFORCE employees TRENDS The i
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17 WORKFORCE employees TRENDS Priva
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17 ORGANIZATION employees OF WORKIN
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17 employees COMPENSATION Z COMPENS
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17 employees COMPENSATION Option pl
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17 LABOUR employees RELATIONS Stock
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employees 17 TRAINING The preventio
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17 employees OUTSOURCING The amount
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18 DISTRIBUTION major shareholders
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18 340 2009 REGISTATION DOCUMENT /
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20 CONSOLIDATED financial informati
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Page 416 and 417: 20 CONSOLIDATED financial informati
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20 NOTES financial information conc
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20 NOTES financial information conc
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20 DIVIDEND financial information c
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21 SHARE additional information CAP
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21 MEMORANDUM additional informatio
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21 MEMORANDUM additional informatio
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26 DRAFT 2010 shareholders’ meeti
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26 REPORT 2010 shareholders’ meet
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26 STATUTORY 2010 shareholders’ m
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egistration document appendices TEC
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egistration document appendices FIN
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egistration document appendices ANN
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580 2009 REGISTRATION DOCUMENT / FR
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France Telecom Group
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