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.
NOTE 7
Contractual Obligations and Commitments not Recognized
on the Statement of Financial Position
Management believes that, to the best of its knowledge, there
were no outstanding commitments at December 31, 2009, other
than those described below, likely to have a material impact on
the current or future fi nancial position of France Te le com S.A.
Unless otherwise indicated data were measured at November
30, 2009.
7.1 Contractual Obligations Recognized on the Statement of Financial Position
(in millions of euros)
Note
Statement of financial position Payments due by maturity at December 31, 2009
At
December 31,
2008
At
December 31,
2009
Before end-
December
2010
From
January 2011 to
December 2012
From
January 2013 to
December 2014
From
January 2015
Early Retirement
program 6.3 891 433 315 124 - -
Senior Employee Part
Time Working (1) 6.3 - 563 52 251 357 121
TOTAL EMPLOYEE
BENEFITS 6.3 891 996 367 375 357 121
(1) Cash fl ows relating to the Senior Employee Part Time Working program have been estimated using the same assumptions as used in measuring the corresponding provision
at December 31, 2009. They are particularly sensitive to the take up rate of the program (estimated at 70%), the size of the qualifying population and the choices made between
the various options available to employees in the program.
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7.2 Contractual Obligations not Recognized on the Balance Sheet
7.2.1 Investment, Purchase and Leasing Commitments
(in millions of euros)
Payments due
at 31/12/08 Payments due by maturity at December 31, 2009
Total
Total
Before end-
December
2010
From
January 2011 to
December 2012
From
January 2013 to
December 2014
F rom
January 2015
Operating lease commitments 2,826 3,251 617 878 735 1,021
Real estate 40 41 7 30 4 -
Purchase commitments: (1) 1,650 2,981 1,806 871 142 162
Property, plant & equipment
And intangibles 168 299 274 25 - -
Other goods and services 1,482 2,682 1,532 846 142 162
(1) Off-balance sheet commitments related to equity interests are not included in this table (see Note 7.2.2).
Leasing commitments
As part of the divestment of a portion of its real estate assets
in 2001, 2002 and 2003, France Telecom S.A. undertook to
re-lease these buildings under commercial leases, except for
certain assets to be vacated in the short-term. France Telecom
S.A. may choose whether or not to renew the leases upon
expiry or replace them by other leases with renegotiated terms
and conditions. The rental expense in respect of property sold
under these disposal plans amounted to 264 million euros as of
December 31, 2009.
Lease payments in respect of operating leases, except for those
entered into with FT IMMO H, amounted to 439 million euros.
2009 REGISTRATION DOCUMENT / FRANCE TELECOM
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