registration document France Telecom 2009 - Orange.com

egistration document appendices
FINANCIAL GLOSSARY
FINANCIAL GLOSSARY
ARPU (mobile services): the Average Revenues Per User
(ARPU) is calculated by dividing the personal services revenues
(see Personal services revenues) generated over the last twelve
months by the weighted average number of customers over the
same period. The weighted average number of customers is the
average of the monthly averages during the period in question.
The monthly average is the arithmetic mean of the number of
customers at the beginning and the end of the month. The
ARPU is expressed as yearly revenues per customer.
ARPU of Consumer fixed-line services (fixed services
and the Internet): the average monthly revenues per line for
Consumer fi xed-line services (ARPU) is calculated by dividing
the average monthly revenues, on the basis of the last twelve
months, by the weighted average number of lines for Consumer
fi xed-line services over the same period. The weighted average
number of lines for Consumer fi xed-line services is the average
of the monthly averages during the period in question. The
monthly average is the arithmetic mean of the number of lines
for Consumer fi xed-line services at the beginning and end of the
month. The ARPU of Consumer fi xed-line services is expressed
in monthly revenues per line.
AUPU (mobile services): the monthly Average Usage Per
User (AUPU) is calculated by dividing the average monthly
consumption in minutes over the last twelve months (incoming
calls, outgoing calls and roaming, excluding traffi c from Mobile
Virtual Networks Operators, or MVNO) by the weighted average
number of customers over the same period. The AUPU is
expressed, in minutes, as the monthly usage per customer.
Average number of employees (full-time equivalents):
average number of active employees over the period, in
proportion to their working time, including permanent contracts
and fi xed-term contracts.
CAPEX: capital expenditures on tangible and intangible
assets excluding telecommunication licenses and excluding
investments fi nanced through fi nance leases (see section
9.1.5.4 Financial aggregates not defi ned by IFRS and Segment
information of the consolidated fi nancial statements).
Capital expenditures on tangible and intangible assets
excluding licenses: see CAPEX.
Change in operating working capital requirement: change
in inventories, plus change in trade receivables, plus change
in trade payables (excluding amounts due to fi xed assets
suppliers).
Change in total working capital requirement: change
in inventories, plus change in trade receivables and other
receivables, plus change in trade payables (excluding amounts
due to fi xed assets suppliers) and other payables.
Commercial expenses and content purchases: see External
purchases.
Cost of net financial debt: the cost of net fi nancial debt (see
note 9 to the consolidated fi nancial statements) includes i) the
cost of gross fi nancial debt and ii) income and expenses on net
fi nancial debt assets.
Data on a comparable basis: data with comparable methods,
scope of consolidation and exchange rates are presented
for the preceding period (see section 9.1.5.1 Transition from
data on a historical basis to data on a comparable basis ). The
transition from data on a historical basis to data on a comparable
basis consists of keeping the results for the year ended and
restating the previous year in order to present fi nancial data with
comparable methods, scope of consolidation and exchange
rates over comparable periods. The method used is to apply to
the data of the corresponding period of the preceding year the
methods and the scope of consolidation for the period ended
as well as the average exchange rates used for the statement of
income for the period ended. Data on a comparable basis is not
intended to replace data on a historical basis for the year ended
or the previous periods.
EBITDA: operating income before depreciation and amortization
and before impairment of goodwill and fi xed assets (see section
9.1.5.4 Financial aggregates not defi ned by IFRS , Segment
information of the consolidated fi nancial statements and note 2
to the consolidated fi nancial statements).
Equipment revenues (mobile services): equipment revenues
include the sale of mobile handsets and accessories.
External data: external data is expressed after elimination of
inter-operating segments transactions.
External purchases: external purchases (see note 5 to the
consolidated fi nancial statements) include:
■ commercial expenses and content purchases: external
purchases including purchases of handsets and other
products sold, retail fees and commissions, advertising,
promotional, sponsoring and rebranding expenses, and
service fees and purchases paid to content editors;
■ service fees and inter-operator costs;
■ other network expenses and IT expenses: external
purchases including outsourcing fees relating to technical
operation and maintenance, and IT expenses;
■ other external purchases: external purchases including
overheads, real estate fees, purchases of equipment and
call center outsourcing fees, net of capitalized goods and
services produced.
Financial investments: cash paid for investment securities (net
of cash acquired).
Labour expenses: labour expenses (see note 5 to the
consolidated fi nancial statements) include wages and employee
benefi t expenses, employee profi t-sharing and the cost of
share-based compensation. Labour expenses are net of
capitalized costs.
572
2009 REGISTRATION DOCUMENT / FRANCE TELECOM