REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

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20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES, FINANCIAL POSITION AND PROFITS AND LOSSES 20.1 CONSOLIDATED FINANCIAL STATEMENTS FOR 2007, 2006 AND 2005 The table below analyzes the Group’s lease commitments at December 31, 2007 by type of asset and maturity. (in € thousands) Type of leased asset Due within 1 year Due in 1to2 years Due in 2to3 years Due in 3to4 years Due in 4to5 years Due beyond 5 years Total Real estate ......................................... 5,825 3,474 726 673 673 156 11,527 Vehicles ............................................ 855 500 15 0 0 0 1,370 Equipment and network infrastructure .............. 2,186 1,049 515 328 302 1,415 5,795 Total ............................................... 8,866 5,023 1,256 1,001 975 1,571 18,692 None of the Group’s lease arrangements contain material contingent lease payments or renewal options, nor do they impose specific restrictions, for example concerning dividends, additional debt or further leasing. NOTE 32: RELATED-PARTY TRANSACTIONS Related-party transactions solely correspond to transactions with key management personnel. Transactions with key management personnel • Persons concerned: Under IAS 24, key management personnel are those persons who have authority and responsibility for planning, directing and controlling the activities of an entity, directly or indirectly. For the Iliad Group, these persons correspond to members of the Board of Directors of Iliad SA and members of the Management Committee. • Compensation paid to key management personnel in 2007 and 2006 breaks down as follows: (in € thousands) 2007 2006 • Total compensation ........................................................................ 1,632 1,074 • Short-term benefits ......................................................................... 0 0 • Post-employment benefits .................................................................. 0 0 • Other long-term benefits ................................................................... 0 0 • Termination benefits ....................................................................... 0 0 • Share-based payments ...................................................................... 2,714 1,040 Total ............................................................................................ 4,346 2,114 In addition, in 2007 the Iliad Group purchased 18 Freebox shares from Rani Assaf for €120,000. No liabilities have been recognized in the balance sheet in relation to compensation payable to key management personnel. 146 - Iliad – Registration Document 2007
20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES, FINANCIAL POSITION AND PROFITS AND LOSSES 20.1 CONSOLIDATED FINANCIAL STATEMENTS FOR 2007, 2006 AND 2005 NOTE 33: FINANCIAL INSTRUMENTS Reconciliation by class of instrument and accounting category (in € millions) Assets carried at fair value through profit or loss Hedging instruments carried at fair value with changes recognized in equity Loans and receivables Liabilities carried at amortized cost Carrying amount At December 31, 2007 Cash .................................. 80,112 80,112 80,112 Marketable securities .................. 154,668 154,668 154,668 Trade receivables ...................... 81,142 81,142 81,142 Other receivables ...................... 59,437 59,437 59,437 Other long-term financial assets ....... Long-term financial liabilities (excl. 44 1,939 1,983 1,983 OCEANE bonds) ................... Short-term financial liabilities (excl. (802) (21,478) (22,280) (22,280) OCEANE bonds) ................... (4,858) (19,024) (23,882) (23,882) OCEANE bonds ....................... (309,201) (309,201) 38 Other non-current liabilities ........... (9,244) (9,244) (9,244) Other current liabilities ................ (235,111) (235,111) (235,111) Total carrying amount ............... At December 31, 2006 234,824 (5,660) 142,518 (594,058) (222,376) N/A Cash .................................. 275,270 275,270 275,270 Marketable securities .................. 4,270 4,270 4,270 Trade receivables ...................... 67,355 67,355 67,355 Other receivables ...................... 55,420 55,420 55,420 Other long-term financial assets ....... 322 3,814 4,136 4,136 Other short-term financial assets ....... Long-term financial liabilities (excl. 325 325 325 OCEANE bonds) ................... Short-term financial liabilities (excl. (7,458) (7,458) (7,458) OCEANE bonds) ................... (7,239) (7,239) (7,239) OCEANE bonds ....................... (299,123) (299,123) * Other non-current liabilities ........... (11,501) (11,501) (11,501) Other current liabilities ................ (275,423) (275,423) (275,423) Total carrying amount ............... 279,862 126,914 (600,744) (193,968) N/A The main components of each financial instrument category and the applicable measurement methods are as follows: • Assets carried at fair value through profit or loss primarily correspond to cash and cash equivalents. They are measured by reference to a quoted market price in an active market where such a market exists. • Loans and receivables primarily comprise trade and other receivables. • Liabilities carried at amortized cost – calculated using the effective interest method – essentially correspond to borrowings, trade payables and other current and non-current liabilities. • Derivative instruments are carried at fair value with changes in fair value recognized either directly in the income statement or in equity when hedge accounting is applied. 38 The Group was unable to determine the fair value of these bonds at the balance sheet date as they are not listed on a regulated market and have a low trading volume. Fair value Iliad – Registration Document 2007 - 147
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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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Local loop unbundling 6. OVERVIEW O
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6.6.2 Regulation of the content of
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7.2 ORGANIZATION CHART At March 31,
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9.1 KEY CONSOLIDATED FINANCIAL DATA
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9. OPERATING AND FINANCIAL REVIEW 9
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9.1.2 ADDITIONAL INFORMATION 9.1.2.
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11. RESEARCH AND DEVELOPMENT, PATEN
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13. PROFIT FORECASTS OR ESTIMATES T
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14. ADMINISTRATIVE, MANAGEMENT AND
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15. COMPENSATION AND BENEFITS 15.2
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16. FUNCTIONING OF THE COMPANY’S
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21. ADDITIONAL INFORMATION 21.1 SHA
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21. ADDITIONAL INFORMATION 21.1 SHA
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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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