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 5.1 CONSOLIDATION 5 OTHER INFORMATION Iliad SA prepares consolidated financial statements in its capacity as parent company of the Iliad Group. 5.2 TAX-RELATED INFORMATION 5.2.1 Tax group Iliad has set up a tax group which included the following companies in 2007: • SA ILIAD • SA IH • SA CENTRAPEL • SASU IRE • SA CITEFIBRE • SA KEDRA • SAS FREE • SAS ONE TEL • SAS FREE BOX • SASU ONLINE • SASU FREE INFRASTRUCTURE • SARL SNDM • SASU IFW • SARL TOUTCOM The following rules apply within the tax group: • Each company in the tax group, including the parent company, records in its accounts the amount of tax that it would have paid on a stand-alone basis. • Any tax savings relating to tax losses made by members of the tax group are held at the level of the parent company and therefore do not have any impact on profit. For as long as they remain members of the tax group, subsidiaries may offset their tax losses generated during their membership of the tax group against future taxable income. Iliad records these tax savings on the liabilities side of its balance sheet under “Other liabilities”. They totaled €3,910,000 at December 31, 2007. • Any tax charges or savings relating to adjustments to total earnings, as well as any tax credits for lossmaking companies, are recorded at the level of Iliad SA. • No payments in relation to these matters may be due by Iliad when a company leaves the tax group. 5.2.2 Deferred taxes Items subject to adjustments for the purposes of calculating taxable income will have the following expected impact on taxes in future years: Type of temporary difference Amount (in € thousands) Deferred tax liabilities ......................................................................... / TOTAL .................................................................................... / Total deferred tax liabilities .................................................................... Deferred tax assets / Government housing levy ....................................................................... 4 “Contribution sociale” surtax .................................................................... 12 TOTAL .................................................................................... 16 Total deferred tax assets ....................................................................... 16 Tax loss carryforwards of the Company .......................................................... None TAX GROUP Long-term capital losses ......................................................................... None 178 - Iliad – Registration Document 2007
20. FINANCIAL INFORMATION CONCERNING THE COMPANY’S ASSETS AND LIABILITIES, FINANCIAL POSITION AND PROFITS AND LOSSES 20.2 PARENT COMPANY FINANCIAL STATEMENTS FOR 2007 5.2.3 Corporate income tax relating to exceptional items Corporate income tax payable for 2007 amounted to €2,011,000 (including surtaxes), breaking down as follows: • Corporate income tax relating to ordinary activities: ............. €1,669,000 • Corporate income tax relating to exceptional items: .............. € 342,000 5.3 INFORMATION ON THE SEGREGATION OF ACCOUNTING PERIODS 5.3.1 Accrued income Accrued income included in balance sheet items can be broken down as follows: Balance sheet item Amount Loans and advances to subsidiaries and affiliates ....................................................... 0 Other long-term investments ........................................................................... 0 Trade receivables ...................................................................................... 691 Other receivables ...................................................................................... 7,216 Cash and cash equivalents .............................................................................. 0 TOTAL .......................................................................................... 7,907 5.3.2 Accrued expenses Accrued expenses included in balance sheet items can be broken down as follows: Balance sheet item Amount Convertible bonds ...................................................................................... 7,287 Other bonds ............................................................................................ 0 Bank borrowings ....................................................................................... 26 Other borrowings ...................................................................................... 0 Trade payables ......................................................................................... 658 Accrued taxes and payroll costs ........................................................................ 370 Other liabilities ........................................................................................ 0 TOTAL .......................................................................................... 8,341 5.3.3 Deferred income and prepaid expenses Deferred income and prepaid expenses break down as follows: Prepaid expenses Deferred income Operating expense/income ..................................................... 225 0 Financial expense/income ..................................................... 0 0 Exceptional expense/income ................................................... 0 0 TOTAL .................................................................. 225 0 5.4 EVENTS AFTER THE BALANCE SHEET DATE • No significant events occurred between January 1, 2008 and the date on which the accounts were approved. Iliad – Registration Document 2007 - 179
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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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