REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES,
FINANCIAL POSITION AND PROFITS AND LOSSES
20.2 PARENT COMPANY FINANCIAL STATEMENTS FOR 2007
3.1 REVENUES
2007 revenues can be analyzed as follows by segment:
3 2007 REVIEW OF OPERATIONS
• Minitel services ............................................................................. € 3,324,000
• Iliad Telecom services ....................................................................... € 2,993,000
• Inter-company re-invoicing .................................................................. €18,967,000
• Other revenues .............................................................................. € 474,000
TOTAL ..................................................................................... €25,758,000
All of the Company’s revenues are generated in France.
3.2 NUMBER OF EMPLOYEES
At December 31, 2007, Iliad had 33 employees, broken down as follows by category:
Men Women Total
• Management ......................................................................... 19 9 28
• Other ................................................................................ 0 5 5
TOTAL ............................................................................. 19 14 33
3.3 EXCEPTIONAL ITEMS
Net exceptional income came to €19,418,000 in 2007, primarily corresponding to the capital gain realized on the
sale of shares in Kertel.
3.4 NET FINANCIAL INCOME
Net financial income came to €19,197,000 in 2007, broken down as follows by category:
(in € thousands)
• Net interest on subsidiaries’ current accounts .......................................... 9,032
• Income from securities ................................................................ 13,814
• Overdraft charges, interest on borrowings and other financial expenses ................ (7,755)
• Net gains on disposals of marketable securities ........................................ 9,157
• Additions to provisions ................................................................ (5,201)
• Reversals of surplus provisions ........................................................ 34
• Net gains on disposals of treasury shares ............................................... 116
19,197
Additions to provisions correspond to:
• Investments in subsidiaries and affiliates ............................................... 2,935
• Other investment securities ............................................................ 266
• Loans and advances to subsidiaries and affiliates ....................................... 2,000
5,201
Iliad took a €4,935,000 impairment loss on all of its shares in Citéfibre and on a portion of the loans and
advances granted to said company, reflecting a decline in Citéfibre’s prospects going forward.
174 - Iliad – Registration Document 2007