registration document France Telecom 2009 - Orange.com

financial information concerning the issuer’s assets and liabilities, financial position and profits and losses
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NOTES TO THE ANNUAL FINANCIAL STATEMENTS OF FRANCE TELECOM S.A.
6.1.1 Change in Shareholders’ Equity
(in millions of euros)
Opening
balance
Allocation
of 2008 net
income
Dividend
distribution
2009 net
income
Capital
increase (1)
Other
movements
Closing
balance
Share capital 10,460 135 10,595
Additional paid-in capital 15,328 405 15,733
Statutory reserve 1,046 1,046
Retained earnings 10,891 3,234 (3,679) 10,446
Net income 3,234 (3,234) (1,416) (1,416)
Government grants 635 (2) 633
Regulated provisions 479 238 717
TOTAL 42,073 - (3,679) (1,416) 540 236 37,754
(1) See Note 6.1.2.
During 2008, the change in equity broke down as follows:
(in millions of euros)
Opening
balance
Allocation
of 2007 net
income
Dividend
distribution
2008 net
income
Capital
increase (1)
Other
movements
Closing
balance
Share capital 10,457 3 10,460
Additional paid-in capital 15,318 10 15,328
Statutory reserve 1,042 4 1,046
Retained earnings 8,513 7,327 (4,949) 10,891
Net income 7,331 (7,331) 3,234 3,234
Government grant 629 6 635
Regulated provisions 333 146 479
TOTAL 43,623 - (4,949) 3,234 13 152 42,073
(1) Following the exercise of stock options and liquidity contracts.
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6.1.2 Changes in share capital
On June 30, 2009, France Telecom S.A. issued 33,600,122
new shares at a price of 16.01 euros each, in accordance with
the option to pay the balance of the dividend in shares approved
by the Annual Meeting of Shareholders on May 26, 2009. In
accordance with the authorization granted by the Annual
Meeting of Shareholders, the Chairman and Chief Executive
Offi cer duly recorded the corresponding increase in capital.
France Telecom S.A. also issued 118,416 new shares following
the exercise of stock options, including:
■ 45,269 shares in respect of plans granted by Wanadoo
between 2000 and 2003, which were taken over by
France Telecom S.A. following the merger of Wanadoo; and
■ 73,147 shares in respect of plans granted by Orange between
2001 and 2003 and for which the benefi ciaries received
options liquidity instruments.
The issue of these new shares will be recorded no later than
the fi rst meeting of the Board of Directors to be held after
December 31, 2009.
6.1.3 Earnings per Share
Before dilution After dilution
Weighted average number of shares 2,648,020,634 2,649,121,002
Earnings per share (0.53) (0.53)
2009 REGISTRATION DOCUMENT / FRANCE TELECOM
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