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5.10. ASSETS AND LIABILITIES DIRECTLY ASSOCIATED WITH GAMING ACTIVITIES<br />
LA FRANÇAISE DES JEUX — 43<br />
In thousands of euros 31.12.2010 31.12.2009<br />
Gaming receivables (gross) 2,4361,894<br />
Impairment - 2,372- 1,739<br />
Other trade receivables, gaming*64155<br />
Network receivables (gross) 219,578176,930<br />
Impairment - 4,319- 3,170<br />
Distribution network receivables215,259173,760<br />
Prepaid expenses 28,07136,738<br />
Other current assets, gaming*28,07136,738<br />
Total assets directly associated with gaming activities243,394210,653<br />
Non-current player funds 196,216198,832<br />
Distribution network payables 131,715115,966<br />
Government gaming levies 177,297125,221<br />
Winnings payable and distributable, current player funds 361,641436,504<br />
Deferred income, gaming 29,71438,833<br />
Other liabilities, gaming 4,006338<br />
Other current liabilities, gaming*33,72039,171<br />
Total liabilities directly associated with gaming activities900,589915,694<br />
* Note 5.9.<br />
Trade receivables, gaming relates to online players. Network<br />
receivables refl ect amounts owed by retailers and sale agents<br />
(stakes minus commissions and winnings paid out). They are up<br />
mainly due to the timetable for collection of these amounts by<br />
la <strong>Française</strong> <strong>des</strong> <strong>Jeux</strong> and, to a lesser extent, for scratch games,<br />
due to the increase in stakes collected at year-end.<br />
Deferred income and prepaid expenses are related to stakes<br />
collected in the form of subscriptions. The decrease in these items<br />
is mainly due to a calendar effect relating to the last Euro Millions<br />
draw, which was held on 31 December 2010 (vs. 1 January 2010).<br />
Non-current player funds are made up of counterparty funds<br />
and the permanent fund.<br />
Winnings payable and distributable correspond to prizes<br />
for scratch cards and draw-based games to be put back into<br />
play and unexpired winnings to be paid by la <strong>Française</strong> <strong>des</strong> <strong>Jeux</strong><br />
and la Pacifi que <strong>des</strong> <strong>Jeux</strong>, as well as expired winnings. Unexpired<br />
Number of shares % of capital<br />
French government 144,00072.0%<br />
Union <strong>des</strong> Blessés de la Face et de la Tête* 18,4009.2%<br />
FDJ employees' mutual fund 10,0005.0%<br />
Other (individually holding less than 5% of the share capital) 27,60013.8%<br />
Total 200,000100%<br />
*Non-profi t association to aid persons with severe head and facial injuries.<br />
winnings payable included major prizes won in December 2009<br />
and paid to the winners in January 2010 (€59m for Euro Millions<br />
and €11m for Keno).<br />
Other liabilities, gaming inclu<strong>des</strong> a €3.6m call for capital in late<br />
2010 by SLE to a member of the group with actual winnings<br />
payable that were higher than the theoretical winnings.<br />
5.11. EQUITY<br />
5.11.1. Share capital<br />
The share capital of la <strong>Française</strong> <strong>des</strong> <strong>Jeux</strong> is €76,400,000 and is<br />
composed of 200,000 shares with a par value of €382. It has<br />
been unchanged over the last three fi nancial years.<br />
Shareholders owning at least 5% of the share capital at 31 December<br />
2010 were as follows:<br />
Dividends paid in 2010 and 2009 for the years 2009 and 2008 were, respectively, €84,000k and €92,000k, or €420 and €460 per sha<br />
re.<br />
The total dividend proposed to the Annual General Meeting of 26 May 2011 is €77,200k, or €386 per share.
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