FINANCIAL REPORT - Française des Jeux

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58 — 2010 FINANCIAL REPORT STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2010 This is a free translation into English of the statutory auditors’ report on the consolidated fi nancial statements issued in the French language and it is provided solely for the convenience of English speaking users. The statutory auditors report includes information specifi cally required by French law in such reports, whether modifi ed or not. This information is presented below the audit opinion on the consolidated financial statements and includes an explanatory paragraph discussing the auditors’ assessments of certain signifi cant accounting and auditing matters. These assessments were considered for the purpose of issuing an audit opinion on the consolidated fi nancial statements taken as a whole and not to provide separate assurance on individual account captions or on information taken outside of the fi nancial statements. This report also includes information relating to the specifi c verifi cation of information given in the Group’s management report. This report should be read in conjunction with, and is construed in accordance with, French law and professional auditing standards applicable in France. To the Shareholders, In compliance with the assignment entrusted to us by your Annual General Meeting, we hereby report to you, for the year ended 31 December 2010 on: – the audit of the accompanying consolidated fi nancial statements of la Française des Jeux; – the justifi cation of our assessments; – the specifi c verifi cation and information required by law. These consolidated fi nancial statements have been approved by the Board of Directors. Our role is to express an opinion on these consolidated fi nancial statements based on our audit. 1 OPINION ON THE CONSOLIDATED FINANCIAL STATEMENTS We conducted our audit according to the professional standards applicable in France. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated fi nancial statements are free of material misstatement. An audit involves performing procedures, using sampling techniques or other methods of selection, to obtain audit evidence about the amounts and disclosures in the consolidated fi nancial statements. An audit also includes evaluating th e appropriateness of accounting policies used and the reasonableness of accounting estimates made, as well as the overall presentation of the consolidated fi nancial statements. We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our opinion. In our opinion, the consolidated fi nancial statements give a true and fair view of the assets and liabilities and of the fi nancial position of La Française des Jeux Group as at 31 December 2010 and ot the results of its operations for the year then ended in accordance with International Financial Reporting Standards as adopted by the European Union. Without qualifying our opinion, we draw your attention to the specifi c legal framework applying to the company set out in Note 1.2 to the consolidated fi nancial statements, “Background of la Française des Jeux Group”. 2 JUSTIFICATION OF ASSESSMENTS In accordance with the requirements of Article L.823-9 of the French Commercial Code (Code de commerce) relating to the justifi cation of our assessments, we bring to your attention the following matters: The note 2.3 to the consolidated fi nancial statements describes the signifi cant estimates and judgements that management has made. In particular with respect to intangible assets and goodwill, our work consisted of assessing the appropriateness of the data used and assumptions underlying these judgements and estimates, reviewing, on a test basis, the calculations performed by the Company, reviewing the procedures for approving these estimates by management, and fi nally verifying that the appropriate information on the assumptions, options and evaluations made by the Group is disclosed in the notes to the consolidated fi nancial statements. These assessments were made as part of our audit of the consolidated fi nancial statements taken as a whole and therefore contributed to the opinion we formed which is expressed in the fi rst part of this report. 3 SPECIFIC VERIFICATION We have also performed in accordance with professional standards applicable in France, the specifi c verifi cations required by the French law on the information presented in the Group’s management report. We have no matters to report as to the fair presentation and the consistency with the consolidated fi nancial statements. Neuilly-sur-Seine and Paris 11 April 2011 The statutory auditors: Deloitte & Associés Muriel de Szilbereky Tristan Guerlain Grant Thornton Gilles Hengoat Vincent Frambourt
PARENT COMPANY FINANCIAL STATEMENTS 60 62 63 80 BALANCE SHEET INCOME STATEMENT NOTES 63 GENERAL PRESENTATION OF THE COMPANY 64 SIGNIFICANT ACCOUNTING POLICIES 66 NOTES TO THE BALANCE SHEET 74 NOTES TO THE INCOME STATEMENT 78 GENERAL OPERATING RISKS 78 PENDING LEGAL PROCEEDINGS AND OTHER DISPUTES 78 OFF-BALANCE-SHEET COMMITMENTS 79 OTHER INFORMATION INDEPENDENT AUDITORS' REPORT ON THE PARENT COMPANY FINANCIAL STATEMENTS
Page 1 and 2:
FINANCIAL REPORT 2010 ANNUAL REPORT
Page 3 and 4:
CONTENTS 5 23 59 81 MANAGEMENT REPO
Page 5 and 6:
MANAGEMENT REPORT 06 06 12 14 18 18
Page 7 and 8: The Act specifi es the scope of the
Page 9 and 10: up a joint venture. The Commission
Page 11 and 12: Sports betting: a success on the In
Page 13 and 14: Revenue from ordinary activities ca
Page 15 and 16: The top games in terms of player st
Page 17 and 18: 4.1.5. Operating profi t The increa
Page 19 and 20: 6.5. PRINCIPAL RISKS AND UNCERTAINT
Page 21 and 22: Société de Gestion de l’Échapp
Page 23 and 24: CONSOLIDATED FINANCIAL STATEMENTS 2
Page 25 and 26: In thousands of euros Share capital
Page 27 and 28: CONSOLIDATED STATEMENT OF CASH FLOW
Page 29 and 30: Net income, Group shareTotal equity
Page 31 and 32: 1.3.2. LVS 1.3.2.1. Acquisition of
Page 33 and 34: transactions when the IFRS and the
Page 35 and 36: 3.9. TRADE RECEIVABLES Trade receiv
Page 37 and 38: 5.2. INTANGIBLE ASSETS In thousands
Page 39 and 40: In thousands of euros 31.12.2009Acq
Page 41 and 42: In thousands of euros GrossImpairme
Page 43 and 44: 5.10. ASSETS AND LIABILITIES DIRECT
Page 45 and 46: The table below shows the change in
Page 47 and 48: 6.5. FINANCIAL INCOME Revenue from
Page 49 and 50: 8.1. CREDIT RISK 8 FINANCIAL RISK M
Page 51 and 52: 8.2. LIQUIDITY RISK Liquidity risk
Page 53 and 54: 9.2. IMPACT OF FINANCIAL INSTRUMENT
Page 55 and 56: LA FRANÇAISE DES JEUX — 55 Déve
Page 57: 15 SCOPE OF CONSOLIDATION LA FRANÇ
Page 61 and 62: LA FRANÇAISE DES JEUX — 61 In th
Page 63 and 64: NOTES 1 GENERAL PRESENTATION OF THE
Page 65 and 66: 2.3. EQUITY INVESTMENTS Equity inve
Page 67 and 68: Changes in these items during the p
Page 69 and 70: 3.6. RECEIVABLES AND PAYABLES NOT D
Page 71 and 72: LA FRANÇAISE DES JEUX — 71 LIABI
Page 73 and 74: 3.12.1. Provisions related to emplo
Page 75 and 76: 4.3. EXTRAORDINARY PROFIT LA FRANÇ
Page 77 and 78: 4.5.3. Increase and relief on futur
Page 79 and 80: 7.2. COMMITMENTS RECEIVED - La Fran
Page 81 and 82: REPORT ON THE INTERNAL CONTROL PROC
Page 83 and 84: Furthermore, pursuant to Article 7
Page 85 and 86: 1.5.2. External legal environment m
Page 87 and 88: Regarding operations, la Française
Page 89 and 90: - to coordinate and guide the compa
Page 91 and 92: Internal Audit, Internal Control an
Page 93 and 94: monitoring of the accounting depart
Page 95: Registered Offi ce _ 126, rue Galli
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FINANCIAL REPORT - Française des Jeux

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