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
On December 21, 2007 the Board of Directors authorized the Company to sign an open-ended framework
agreement with Freebox concerning forward financial instruments. The purpose of this agreement, which forms
part of the Group’s foreign exchange risk management strategy, is to (i) reduce uncertainties relating to the cost
of components purchased by Freebox and invoiced in US dollars, and (ii) benefit where possible from the impact
of the fall in value of the US dollar. It was necessary to enter into this agreement as Iliad’s financial institutions
stated that they wished to have a single contact point for setting up this type of transaction. The agreement had no
financial impact on Iliad’s financial statements.
3 – With Dedibox
Director concerned: Cyril Poidatz
On May 2, 2007, the Board of Directors authorized the Company to renew the guarantee relating to financial
commitments given by its subsidiary Dedibox to Seagate Technologie Inc and certain of its subsidiaries. This
guarantee represents a total of USD 7 million including financial commitments made by Freebox.
4 – With Rani Assaf, Senior Vice-President
On June 14, 2007 the Board of Directors authorized the Company to purchase €120,000 worth of Freebox shares
held by Rani Assaf.
5 – With Centrapel
Director concerned: Cyril Poidatz
On July 25, 2007, the Board of Directors authorized the Company to grant Centrapel a debt waiver with a return
to profitability clause. In 2007, the debt waiver represented an amount of €1,490,843 and the Company recorded
proceeds of €1,046,592 arising from the application of the return to profitability clause.
6 – With Total Call
Director concerned: Cyril Poidatz
On July 25, 2007, the Board of Directors authorized the Company to purchase all of the shares issued in
connection with a capital increase carried out by its subsidiary Total Call, representing MAD 4,500,000.
7 – With Free Infrastructure
Director concerned: Cyril Poidatz
On August 30, 2007 the Board of Directors authorized the Company to grant a €1 million joint and several
guarantee to Axione in relation to commitments made by Iliad’s subsidiary Free Infrastructure.
8 – With Immobilière Iliad
Director concerned: Cyril Poidatz
On December 21, 2007, the Board of Directors approved the signature of a cash facility agreement with
Immobilière Iliad.
The debit balance of the current account with Immobilière Iliad amounted to €5,215,225 at December 31, 2007
and the interest billed by the Company during the year totaled €18,225.
9 – With Free Mobile
Director concerned: Cyril Poidatz
On December 21, 2007, the Board of Directors approved the signature of a cash facility agreement with Free
Mobile.
The debit balance of the current account with Free Mobile amounted to €75,110 at December 31, 2007 and the
interest billed by the Company during the year totaled €110.
Iliad – Registration Document 2007 - 185