FINANCIAL REPORT - Française des Jeux

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72 — 2010 FINANCIAL REPORT 3.10. SHAREHOLDERS’ EQUITY The share capital of la Française des Jeux is €76,400,000 and is composed of 200,000 shares with a par value of €382. In thousands of euros Balance at 31.12.2009 608,949 Dividends paid - 84,000 2010 net profi t 78,937 Retained earnings - Change in regulated provisions 3,132 Balance at 31.12.2010 607,018 3.11. REGULATED PROVISIONS In thousands of euros 31.12.2009AllowancesReversals 31.12.2010 Provision for investment 1,476301361,370 Accelerated depreciation 67,22823,38020,14270,466 Total 68,70423,41020,27871,836 Accelerated depreciation mainly concerns technical equipment and software, as well as development costs. 3.12. PROVISIONS FOR CONTINGENCIES AND LOSSES In thousands of euros 31.12.2009AllowancesReversal of used Provisions for contingencies 4,062796- 99- 1334,627 Employee benefi ts: 10,1452,907- 400-12,651 Post-employment benefi ts 6,955752- 324-7,383 Service recognition awards 2,690220- 76-2,834 Health care costs 5001,935--2,435 Other expenses 3,0623,810- 2,749- 1064,017 Provisions for losses 13,2076,716- 3,149- 10616,668 Total 17,2697,512- 3,248- 23921,294 of which extraordinary profi t -2,7861,099100- provisions Reversal of unused provisions 31.12.2010
3.12.1. Provisions related to employee benefi ts LA FRANÇAISE DES JEUX — 73 The post-employment benefi ts scheme corresponds to benefi ts paid to employees when they retire, as set out in the relevant national industry agreement, in accordance with the criteria governing length of service, age, and terms and conditions of retirement. The discount rate used was 4.56%, defi ned based on the reference rate for AA corporate bonds with a maturity of between 10 and 15 years in the euro zone, including an infl ation rate of 2.2%. Using the corridor method , the actuarial gains and losses still to be amortised at 31 December 2010 stand at €0.7m. In addition, under the reform of the French pension system, the conditions for retirement have been changed. The age of retirement is gradually being raised from 60 to 62 years for non-managers at the rate of 4 months per year depending on the date of birth. It was already set at 62 years for managers. The change in liability and provision and the net cost for the period were as follows: In thousands of euros Actuarial liability estimated at 31.12.2009 6,114 Normal cost 545 Interest on the actuarial liability 296 Actuarial gains generated at year-end - 217 Costs for past service 987 Benefi ts paid - 324 Actual actuarial liability at 31.12.2010 7,401 Actuarial losses accrued 675 Accrued costs of past service - 657 Provision at 31.12.2010 7,383 Normal cost 545 Interest on the actuarial liability 296 Amortisation of actuarial gains and losses 24 Amortisation of cost of past services - 113 Benefi ts theoretically paid - 324 Net cost 428 Long-service benefi ts consist of days of leave, and are therefore subject to social security contributions. 3.12.2. Other provisions Other provisions for contingencies and losses relate to various litigation proceedings.
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FINANCIAL REPORT 2010 ANNUAL REPORT
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CONTENTS 5 23 59 81 MANAGEMENT REPO
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MANAGEMENT REPORT 06 06 12 14 18 18
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The Act specifi es the scope of the
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up a joint venture. The Commission
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Sports betting: a success on the In
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Revenue from ordinary activities ca
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The top games in terms of player st
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4.1.5. Operating profi t The increa
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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 and 58: 15 SCOPE OF CONSOLIDATION LA FRANÇ
Page 59 and 60: PARENT COMPANY FINANCIAL STATEMENTS
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: LA FRANÇAISE DES JEUX — 71 LIABI
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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