FINANCIAL REPORT - Française des Jeux

Net income, Group shareTotal equity, Group shareMinority interestsTotal equity
116,898628,589259628,848
85,02685,026- 16184,865
85,02692,987- 16192,826
- 116,898--
85,026629,42798629,525
83,22583,225- 983,216
83,22566,886- 966,877
- 85,026--
83,225613,20189613,290
The amended Decree of 9 November 1978 states that an order of the
Budget Minister sets out the terms under which the company carries
out its tasks in accordance with the objectives mentioned in Article 1
of the Decree, which relate to the pr otection of the public and social
order. The Budget Minister determines how the stakes collected are
distributed, taking into account the statutory levies on gaming (stamp
duty until 13 May 2010, levy to nance fi the national sports development
programme (CNDS), social security debt retirement tax (CRDS),
supplementary social security tax (CSG) and tax and social security
levies on sports betting). In particular, the Minister sets the share of
player stake to be applied against the cost of the organisation and
operation of games by la Française des Jeux (and its network). The
games are distributed via a network of intermediaries, sale agents and
retailers, bound by contract to la Française des Jeux.
Act No. 2010-476 of 12 May 2010 opened up the betting and
lottery games sector to competition and regulation, and authorised
and set the conditions for the operation of online sports betting,
horse race betting and poker games. Operators must fi rst obtain
approval from the authority in charge of regulating online games
and bets (Autorité de Régulation des Jeux En Ligne, or “ARJEL”). La
Française des Jeux obtained a licence to operate online sports betting
games (ParionsWeb offer) on 8 June 2010 and for the operation of
online poker (via LB Poker, the joint venture with Groupe Lucien
Barrière) on 26 July 2010.
7,9617,961
- 92,000- 92,000
- 150- 150
- 16,339- 16,339
- 84,000- 84,000
888888
LA FRANÇAISE DES JEUX — 29
Decree No. 2006-174 of 17 February 2006, which amended the
1978 Decree, established, under the Budget Minister, an “Advisory
Committee for the Implementation of Gaming Policy and Responsible
Gaming” (Comité consultatif pour la mise en œuvre de la politique
d’encadrement des jeux et du Jeu Responsable , or “COJER”), composed
of qualifi ed experts and representatives from the French Ministries of
Health, the Interior, Youth and Sport, in addition to a representative of
the Budget Minister.
This Committee is responsible for advising the Minister on the gaming
policy for la Française des Jeux. Among other things, it gives its opinion
on the approvals that the Minister must issue for the company’s gaming
programme and the action plans implemented to meet the objectives
set forth by the Decree, as well as the statutory obligations in combating
money laundering. Since 1 October 2004, la Française des Jeux has
been subject to the “obligations relating to the fi ght against money
laundering and the fi nancing of terrorism” set out in the French
Monetary and Financial Code.
In matters of control, the company, like all limited companies, has
an independent auditor. It is further subject to the state control of public
sector entities pursuant to Decree No. 53-707 of 9 August 1953,
business and fi nancial audits pursuant to Decree No. 55-733 of 26 May
1955, and audits conducted by the French National Audit Offi ce (Cour
des Comptes) and inspections by the General Financial Inspectorate
(Inspection Générale des Finances). In accordance with Act No. 83-675