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 20.2 PARENT COMPANY FINANCIAL STATEMENTS FOR 2007 4.1 FINANCE LEASES 4 FINANCIAL INFORMATION The Company has entered into finance leases in relation to various equipment required for its business development. The table below shows the main terms and conditions of these leases, which expired on December 31, 2007: Amount TOTAL Value at inception of lease ................................................................... Depreciation 128 128 Cumulative depreciation ...................................................................... 125 125 Charge for the year ........................................................................... 3 3 TOTAL ...................................................................................... 128 128 Lease payments made Cumulative payments made ................................................................... Payments for the year ......................................................................... TOTAL ...................................................................................... 149 149 Future minimum lease payments Within 1 year ................................................................................. 1 to 5 years ................................................................................... Beyond 5 years ............................................................................... TOTAL ...................................................................................... 0 0 Residual value Within 1 year ................................................................................. 1 to 5 years ................................................................................... Amount charged to the income statement for the year ..................................... 3 3 4.2 FINANCIAL COMMITMENTS Company concerned Beneficiary Amount (in € thousands) Purpose of guarantee ILIAD SITA (Suez Environnement) 1,700 Guarantee relating to premises at Rue de la Ville l’Evêque 176 - Iliad – Registration Document 2007 146 3 0 0 0 0 0 146 3 0 0 0 0 0
20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES, FINANCIAL POSITION AND PROFITS AND LOSSES 20.2 PARENT COMPANY FINANCIAL STATEMENTS FOR 2007 Guarantees given by Iliad on behalf of Group companies Company concerned Beneficiary FREE DELL NEWCOURT FREE CISCO SYSTEMS CAPITAL FREEBOX MEMEC France SAS Amount (in thousands of currency units) Purpose of the guarantee €679 Lease relating to IT equipment €15,947 Financing for the purchase of equipment under 50 finance and equipment leases / Guarantee for financial commitments made by Freebox FREEBOX ASUS $30,000 Guarantee for financial commitments made by Freebox in relation to the provision of electronic components FREEBOX SEAGATE $6,000 Guarantee for financial commitments made by Freebox in relation to the provision of electronic components IH RUGELEC / Guarantee for financial commitments made by IH in relation to a memorandum of understanding signed on December 11, 2003 IRE GENEFIM €50,000 12-year guarantee agreement effective from January 11, 2007 FREE Infrastructure BNP €3,000 Financial guarantee for commitments given by Free Infrastructure FREE Infrastructure 4.2.1 Collateralized debt AXIONE €1,000 Guarantee for commitments made by Free Infrastructure in relation to a turnkey contract for developing optical fiber networks None of the property belonging to the Company has been used as collateral for any debt. 4.3 POST-EMPLOYMENT BENEFITS Actuarial valuations of post-employment benefit obligations are made using the projected unit credit method, with employee rights recorded on an accruals basis. For each active participant, the benefit likely to be paid is estimated based on the rules defined in the applicable collective bargaining agreement and/or company-level agreement, using personal data projected to the standard age for payment of the benefit. The Company’s total obligations toward each participant (total actuarial value of future benefits) are then calculated by multiplying the estimated benefit by an actuarial factor, which takes into account the following: • Assumptions concerning the employee’s probability of departure or death before the age of payment of the benefit. • The discounted value of the benefit at the measurement date. These obligations are then allocated over each of the past and future years for which rights accrue for beneficiaries under the plan. This allocation can be analyzed as follows: • The portion of the Group’s obligation allocated to years prior to the measurement date (projected benefit obligation) corresponds to obligations for services rendered. The projected benefit obligation represents the Group’s obligation existing at the balance sheet date. • The portion of the Company’s obligations allocated to the year following the measurement date (service cost) corresponds to the probable increase in obligations due to the additional year’s service that the participant will have provided to the Company at the end of the year. The individual results of the measurement process are subsequently aggregated to obtain Company-level results. The Company’s obligation in relation to post-employment benefits amounted to €39,000 at December 31, 2007. This obligation was not recognized in the 2007 financial statements. Iliad – Registration Document 2007 - 177
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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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17.1 HUMAN RESOURCES 17. EMPLOYEES
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18.1 IDENTIFICATION OF SHAREHOLDERS
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19. RELATED PARTY TRANSACTIONS 19.
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20. FINANCIAL INFORMATION CONCERNIN
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Page 213 and 214: GLOSSARY Broadband ARPU (Average Re
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Page 217 and 218: GLOSSARY Spamming: the bulk mailing
Page 220: RR Donnelley : 01 53 45 19 00
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REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

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