REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

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16. FUNCTIONING OF THE COMPANY’S ADMINISTRATIVE AND MANAGEMENT BODIES 16.4 INTERNAL CONTROL Statutory Auditors’ report, prepared in accordance with article L. 225-235 of the French Commercial Code, on the report prepared by the Chairman of the Board of Directors of Iliad on internal control procedures relating to the preparation and processing of financial and accounting information (Year ended December 31, 2007) THIS IS A FREE TRANSLATION INTO ENGLISH OF THE STATUTORY AUDITORS’ REPORT ON INTERNAL CONTROL PROCEDURES RELATING TO THE PREPARATION AND PROCESSING OF FINANCIAL AND ACCOUNTING INFORMATION ISSUED IN THE FRENCH LANGUAGE AND IS PROVIDED SOLELY FOR THE CONVENIENCE OF ENGLISH SPEAKING READERS. THIS REPORT SHOULD BE READ IN CONJUNCTION WITH, AND CONSTRUED IN ACCORDANCE WITH, FRENCH LAW AND PROFESSIONAL AUDITING STANDARDS APPLICABLE IN FRANCE. Iliad 8, rue de La Ville L’Evêque 75008 PARIS To the Shareholders, In our capacity as Statutory Auditors of Iliad, and in accordance with article L. 225-235 of the French Commercial Code (Code de commerce), we hereby report to you on the report prepared by the Chairman of your Company in accordance with article L. 225-37 of the French Commercial Code for the year ended December 31, 2007. It is the Chairman’s responsibility to describe in his report the preparation and organization of the Board of Directors’ work and the internal control procedures implemented by the Company. It is our responsibility to report to you on the information set out in the Chairman’s report on internal control procedures relating to the preparation and processing of financial and accounting information. We performed our procedures in accordance with French professional standards. These standards require that we perform procedures to assess the fairness of the information set out in the Chairman’s report on internal control procedures relating to the preparation and processing of financial and accounting information. These procedures mainly consisted of: • obtaining an understanding of the internal control procedures relating to the preparation and processing of financial and accounting information on which the information presented in the Chairman’s report and existing documentation are based; • obtaining an understanding of the work performed to support the information given in the report and of the existing documentation; • determining if any material weaknesses in internal control relating to the preparation and processing of financial and accounting information that we may have identified during the course of our work are properly described in the Chairman’s report. On the basis of our work, we have no matters to report on the information given on internal control procedures relating to the preparation and processing of financial and accounting information, set out in the Chairman of the Board of Directors’ report, prepared in accordance with article L. 225-37 of the French Commercial Code. Neuilly-sur-Seine and Paris, April 7, 2008 The Statutory Auditors PricewaterhouseCoopers Audit Boissière Expertise Audit Xavier Cauchois Tita A. Zeïtoun 100 - Iliad – Registration Document 2007
17.1 HUMAN RESOURCES 17. EMPLOYEES 17.1.1 Changes in the Group’s workforce during the past three years 17. EMPLOYEES 17.1 HUMAN RESOURCES At March 30, 2008, the Group had a workforce of 2,761 employees, all with open-ended employment contracts. This number is rising constantly and significantly as a result of the Group’s policy of strengthening its technical support and customer service teams working for its Centrapel and Total Call subsidiaries. This active recruitment policy is aimed at meeting the increase in the number of the Group’s subscribers, particularly those using telephony services, and at enhancing the support services offered to customers. The Group also offers callout support to its subscribers. In the case of connection problems, Centrapel’s technicians visit the subscriber to establish their cause (faulty user equipment, faulty jumpers, DSLAM failure, etc.) and rectify them. This service is paid for by subscribers unless their personal equipment is not the cause of the problem. Agreements relating to the reduction of working hours to 35 hours per week have been entered into within the Group companies in compliance with applicable legislation. 17.1.2 Analysis of the Group’s workforce during the past three years Breakdown by socio-professional category Number of employees Management Non-management Total December 31, 2005 ...................................................... 111 1,017 1,128 December 31, 2006 ...................................................... 177 1,600 1,777 December 31, 2007 ...................................................... 171 2,241 2,412 March 31, 2008 .......................................................... 211 2,550 2,761 Breakdown by line of business Internet Number of employees Telephony Total December 31, 2005 ...................................................... 1,053 75 1,128 December 31, 2006 ...................................................... 1,709 68 1,777 December 31, 2007 ...................................................... 2,360 52 2,412 March 31, 2008 .......................................................... 2,707 54 2,761 17.2 STOCK OPTIONS AND FOUNDERS’ WARRANTS GRANTED BY THE COMPANY, EXERCISED OR HELD DURING THE FISCAL YEAR ENDED DECEMBER 31, 2007 17.2.1 Stock options and founders’ warrants granted during the year The Company did not grant any founders’ warrants during 2007. However, it put in place the three (3) stock option plans described below. 17.2.2 Stock options and founders’ warrants exercised during the year There are no outstanding founders’ warrants issued by the Company. Iliad – Registration Document 2007 - 101
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Société anonyme. Share capital:
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TABLE OF CONTENTS GENERAL COMMENTS
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16.2 SERVICE CONTRACTS ENTERED INTO
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1. PERSONS RESPONSIBLE 1.1 PERSON R
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3. SELECTED FINANCIAL INFORMATION 3
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4. RISK FACTORS 4.1 RISKS RELATING
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4. RISK FACTORS 4.3 FINANCIAL RISKS
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4.4 LEGAL RISKS 4.4.1 Risks relatin
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4. RISK FACTORS 4.4 LEGAL RISKS The
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5. INFORMATION ABOUT THE COMPANY AN
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2007 • Sale of Kertel (February 2
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Considering acquisition opportuniti
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The Group’s network has been deve
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Réseau International CTI (Centre d
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6. OVERVIEW OF THE GROUP’S BUSINE
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The following tables give details o
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6.2 PRINCIPAL MARKETS 6.2.1 Interne
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20. FINANCIAL INFORMATION CONCERNIN
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2.3.4 List of subsidiaries and affi
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21.1 SHARE CAPITAL 21.1.1 Amount of
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21. ADDITIONAL INFORMATION 21.1 SHA
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21.1.8 Authorized unissued share ca
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21.4.2 Changes in the Iliad share p
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Not applicable. 23. THIRD PARTY INF
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25. INFORMATION ON SHAREHOLDINGS 25
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GLOSSARY Broadband ARPU (Average Re
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GLOSSARY IP (Internet Protocol): te
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GLOSSARY Spamming: the bulk mailing
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RR Donnelley : 01 53 45 19 00
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REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

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