Home > France Telecom > Financial Statement, Liabilities and Stockholders' Equity

France Telecom (FTE) | Statement of Financial Position, Liabilities and Stockholders' Equity

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

France Telecom, Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity

USD $ in millions, translated from EUR €

	Dec 31, 2012		Dec 31, 2011		Dec 31, 2010		Dec 31, 2009		Dec 31, 2008
Share capital	13,972		13,747		14,059		15,186		14,560
Additional paid-in capital and statutory reserve	22,139		20,409		20,874		22,546		21,332
Reserves	(5,104)		497		1,174		(934)		2,096
Other comprehensive income	1,043		1,120		2,508		499		430
Equity attributable to the owners of the parent		32,049		35,772		38,616		37,295		38,419
Non controlling interest	2,740		2,619		3,248		3,909		5,008
Total equity		34,789		38,391		41,864		41,204		43,427
Non-current trade payables	444		493		618		639		693
Non-current financial liabilities at amortized cost, excluding trade payables	42,040		44,023		41,955		44,244		44,240
Non-current financial liabilities at fair value through profit or loss	636		336		2,886		880		689
Non-current financial debt		42,675		44,359		44,841		45,124		44,929
Non-current hedging derivatives liabilities	715		359		332		993		905
Non-current employee benefits	3,941		2,220		2,447		1,544		778
Non-current provisions for dismantling	905		817		650		1,448		1,757
Non-current restructuring provisions	129		162		380		–		–
Other non-current liabilities	738		908		986		821		990
Deferred tax liabilities	1,453		1,640		1,679		1,562		1,793
Non-current liabilities		51,001		50,959		51,932		52,131		51,844
Current trade payables	10,149		10,575		10,979		11,172		13,250
Current financial liabilities at amortized cost, excluding trade payables	9,666		7,058		6,005		9,077		11,464
Current financial liabilities at fair value through profit or loss	146		2,619		486		1,655		1,271
Current financial debt		9,813		9,677		6,490		10,732		12,735
Current hedging derivatives liabilities	7		4		24		1		3
Current employee benefits	2,569		2,426		2,619		2,437		2,366
Current provisions for dismantling	30		25		23		–		–
Current restructuring provisions	73		359		483		1,784		2,023
Other current liabilities	1,688		2,610		2,302		3,904		2,769
Operating taxes and levies payables	1,945		1,860		1,827		–		–
Current tax payables	3,684		3,406		3,122		437		386
Deferred income	2,898		3,012		3,434		3,563		3,846
Liabilities related to assets held for sale	–		1,349		–		4,558		–
Current liabilities		32,855		35,304		31,304		38,590		37,378
Total liabilities		83,855		86,262		83,236		90,721		89,222
Total equity and liabilities		118,645		124,654		125,101		131,925		132,649

Source: France Telecom, Annual Reports

Item	Description	The company
Equity attributable to the owners of the parent	Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest).	France Telecom's equity attributable to the owners of the parent declined from 2010 to 2011 and from 2011 to 2012.
Total equity	Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity.	France Telecom's total equity declined from 2010 to 2011 and from 2011 to 2012.
Non-current liabilities	Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle.	France Telecom's non-current liabilities declined from 2010 to 2011 but then slightly increased from 2011 to 2012.
Current trade payables	Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).	France Telecom's current trade payables declined from 2010 to 2011 and from 2011 to 2012.
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	France Telecom's current liabilities increased from 2010 to 2011 but then slightly declined from 2011 to 2012 not reaching 2010 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	France Telecom's total liabilities increased from 2010 to 2011 but then slightly declined from 2011 to 2012 not reaching 2010 level.

Top