Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2020€ / sharesshares | |
Document Information [Line Items] | |
Entity Central Index Key | 0001038143 |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2020 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 1-14712 |
Entity Registrant Name | ORANGE |
Entity Address, Address Line One | 78 rue Olivier de Serres |
Entity Address, Postal Zip Code | 75015 |
Entity Address, City or Town | Paris |
Entity Address, Country | FR |
Entity Incorporation, State or Country Code | I0 |
Entity Common Stock, Shares Outstanding | shares | 2,658,791,500 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Current Fiscal Year End Date | --12-31 |
Document Fiscal Year Focus | 2020 |
Document Fiscal Period Focus | FY |
Amendment Flag | false |
ICFR Auditor Attestation Flag | true |
ADR [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | American Depositary Shares, each representing one Ordinary Share, nominal value €4.00 per share |
Entity Listing, Depository Receipt Ratio | 1 |
Entity Listing, Par Value Per Share | € 4 |
Trading Symbol | ORAN |
Security Exchange Name | NYSE |
Ordinary shares [member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Ordinary Shares, nominal value €4.00 per share |
Entity Listing, Par Value Per Share | € 4 |
No Trading Symbol Flag | true |
Security Exchange Name | NYSE |
Business Contact [Member] | |
Document Information [Line Items] | |
Contact Personnel Name | Cédric Testut |
Country Region | +33 |
City Area Code | 1 |
Local Phone Number | 44 44 21 05 |
Contact Personnel Email Address | orange.regulatedinfo@orange.com |
Entity Address, Address Line One | 78 rue Olivier de Serres |
Entity Address, Postal Zip Code | 75015 |
Entity Address, City or Town | Paris |
Entity Address, Country | FR |
Consolidated income statement
Consolidated income statement - EUR (€) € in Millions | Jan. 01, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Profit (loss) [abstract] | ||||
Revenue | € 42,270 | € 42,238 | € 41,381 | |
External purchases | (17,691) | (17,860) | (18,563) | |
Other operating income | 604 | 720 | 580 | |
Other operating expenses | (789) | (599) | (505) | |
Labor expenses | (8,490) | (8,494) | (9,074) | |
Operating taxes and levies | (1,924) | (1,827) | (1,840) | |
Gains (losses) on disposal of fixed assets, investments and activities | 228 | 277 | 197 | |
Restructuring costs | (25) | (132) | (189) | |
Restructuring costs | (199) | |||
Depreciation and amortization of fixed assets | (7,134) | (7,110) | (7,047) | |
Depreciation and amortization of financed assets | (55) | (14) | ||
Depreciation and amortization of right-of-use assets | (1,384) | (1,274) | ||
Reclassification of translation adjustment from liquidated entities | 12 | 1 | ||
Impairment of goodwill | (54) | (56) | ||
Impairment of fixed assets | (30) | 73 | (49) | |
Impairment of right-of-use assets | (57) | (33) | ||
Share of profits (losses) of associates and joint ventures | (2) | 8 | 3 | |
Operating income | 5,521 | 5,930 | 4,829 | |
Cost of gross financial debt except financed assets | (1,099) | (1,108) | (1,341) | |
Interests on debts related to financed assets | (1) | (1) | ||
Gains (losses) on assets contributing to net financial debt | (1) | 5 | 9 | |
Foreign exchange gain (loss) | (103) | 76 | (4) | |
Interests on lease liabilities | (120) | (129) | ||
Other net financial expenses | 11 | 15 | 25 | |
Effects resulting from BT stake | (119) | (51) | ||
Finance costs, net | (1,314) | (1,261) | (1,362) | |
Income tax | 848 | (1,447) | (1,309) | |
Consolidated net income | 5,055 | 3,222 | 2,158 | |
Net income attributable to owners of the parent company | € 1,954 | 4,822 | 3,004 | 1,954 |
Non-controlling interests | € 204 | € 233 | € 218 | € 204 |
Earnings per share [abstract] | ||||
Net income - basic (in euros per share) | € 1.72 | € 1.03 | € 0.63 | |
Net income - diluted (in euros per share) | € 1.71 | € 1.02 | € 0.62 |
Consolidated statement of compr
Consolidated statement of comprehensive income - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Statement of comprehensive income [abstract] | |||
Consolidated net income | € 5,055 | € 3,222 | € 2,158 |
Other comprehensive income [abstract] | |||
Remeasurements of the net defined benefit liability | (31) | (109) | 45 |
Assets at fair value | 94 | (25) | (22) |
Income tax relating to items that will not be reclassified | 6 | 30 | (6) |
Items that will not be reclassified to profit or loss | 69 | (104) | 17 |
Assets at fair value | 1 | 9 | (8) |
Cash flow hedges | 22 | 144 | (67) |
Translation adjustment gains and losses | (414) | 78 | (7) |
Income tax relating to items that are or may be reclassified | (10) | (47) | 18 |
Items that are or may be reclassified subsequently to profit or loss | (401) | 184 | (64) |
Other comprehensive income consolidated | (332) | 80 | (47) |
Consolidated comprehensive income | 4,723 | 3,304 | 2,111 |
Comprehensive income attributable to [abstract] | |||
Comprehensive income attributable to the owners of the parent company | 4,565 | 3,074 | 1,898 |
Comprehensive income attributable to non-controlling interests | € 158 | € 230 | € 213 |
Consolidated statement of finan
Consolidated statement of financial position - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Assets [abstract] | |||
Goodwill | € 27,596 | € 27,644 | € 27,174 |
Other intangible assets | 15,135 | 14,737 | 14,073 |
Property, plant and equipment | 29,075 | 28,423 | 27,693 |
Right-of-use assets | 7,009 | 6,700 | 6,790 |
Interests in associates and joint ventures | 98 | 103 | 104 |
Non-current financial assets related to Mobile Financial Services activities | 1,210 | 1,259 | 1,617 |
Non-current financial assets | 1,516 | 1,208 | 2,282 |
Non-current derivatives assets | 132 | 562 | 263 |
Other non-current assets | 136 | 125 | 129 |
Deferred tax assets | 731 | 992 | 1,366 |
Total non-current assets | 82,639 | 81,753 | 74,701 |
Inventories | 814 | 906 | 965 |
Trade receivables | 5,620 | 5,320 | 5,295 |
Other customer contract assets | 1,236 | 1,209 | 1,166 |
Current financial assets related to Orange Bank activities | 2,075 | 3,095 | 3,075 |
Current financial assets | 3,259 | 4,766 | 2,748 |
Current derivatives assets | 162 | 12 | 139 |
Other current assets | 1,701 | 1,258 | 1,152 |
Operating taxes and levies receivables | 1,104 | 1,090 | 1,027 |
Current tax assets | 128 | 120 | 119 |
Prepaid expenses | 850 | 730 | 571 |
Cash and cash equivalents | 8,145 | 6,481 | 5,634 |
Total current assets | 25,094 | 24,987 | 21,891 |
Total assets | 107,733 | 106,741 | 96,592 |
Equity and liabilities [abstract] | |||
Share capital | 10,640 | 10,640 | 10,640 |
Share premiums and statutory reserve | 16,859 | 16,859 | 16,859 |
Subordinated notes | 5,803 | 5,803 | 5,803 |
Retained earnings | 1,092 | (1,577) | (2,633) |
Equity attributable to the owners of the parent company | 34,395 | 31,725 | 30,669 |
Non-controlling interests | 2,643 | 2,687 | 2,580 |
Total equity | 37,038 | 34,412 | 33,249 |
Non-current financial liabilities | 30,089 | 33,148 | 26,749 |
Non-current derivatives liabilities | 844 | 487 | 775 |
Non-current lease liabilities | 5,875 | 5,593 | |
Non-current fixed assets payables | 1,291 | 817 | 612 |
Non-current employee benefits | 2,202 | 2,554 | 2,823 |
Non-current dismantling provision | 885 | 812 | 765 |
Non-current restructuring provision | 53 | 96 | 230 |
Other non-current liabilities | 307 | 353 | 462 |
Deferred tax liabilities | 855 | 703 | 631 |
Total non-current liabilities | 42,401 | 44,561 | 33,047 |
Current financial liabilities | 5,170 | 3,925 | 7,270 |
Current derivatives liabilities | 35 | 22 | 133 |
Current lease liabilities | 1,496 | 1,339 | |
Current fixed assets payables | 3,349 | 2,848 | 2,835 |
Trade payables | 6,475 | 6,682 | 6,736 |
Customer contract liabilities | 1,984 | 2,093 | 2,002 |
Current financial liabilities related to Mobile Financial Services activities | 3,128 | 4,279 | 4,835 |
Current employee benefits | 2,192 | 2,261 | 2,392 |
Current dismantling provision | 16 | 15 | 11 |
Current restructuring provision | 64 | 120 | 159 |
Other current liabilities | 2,267 | 2,095 | 1,788 |
Operating taxes and levies payables | 1,279 | 1,287 | 1,322 |
Current tax payables | 673 | 748 | 755 |
Deferred income | 165 | 51 | 58 |
Total current liabilities | 28,294 | 27,767 | 30,296 |
Total equity and liabilities | € 107,733 | € 106,741 | € 96,592 |
Consolidated statements of chan
Consolidated statements of changes in shareholders' equity - EUR (€) | Equity attributable to owners of parent [member] | Issued capital [member] | Share premium and statutory reserve [member] | Subordinated notes [member] | Reserves, attributable to owners of parent [member] | Accumulated other comprehensive income attributable to owners of parent [member] | Non-controlling interests [member] | Reserves, non-controlling interests [member] | Accumulated other comprehensive income, non-controlling interests [member] | Total |
Effect of IFRS application | € (19,000,000) | € 20,000,000 | € (39,000,000) | € (4,000,000) | € (4,000,000) | € (23,000,000) | ||||
Balance after effect of IFRS application | 30,956,000,000 | € 10,640,000,000 | € 16,859,000,000 | € 5,803,000,000 | (1,831,000,000) | (515,000,000) | 2,533,000,000 | 2,319,000,000 | € 214,000,000 | 33,489,000,000 |
Equity at beginning of period at Dec. 31, 2017 | 30,975,000,000 | 10,640,000,000 | 16,859,000,000 | 5,803,000,000 | (1,851,000,000) | (476,000,000) | 2,537,000,000 | 2,323,000,000 | 214,000,000 | € 33,512,000,000 |
Equity at beginning of period (in shares) at Dec. 31, 2017 | 2,660,056,599 | |||||||||
Consolidated comprehensive income | 1,898,000,000 | 1,954,000,000 | (56,000,000) | 213,000,000 | 204,000,000 | 9,000,000 | € 2,111,000,000 | |||
Share-based compensation | 46,000,000 | 46,000,000 | 4,000,000 | 4,000,000 | 50,000,000 | |||||
Purchase of treasury shares | (98,000,000) | (98,000,000) | (98,000,000) | |||||||
Dividends | (1,860,000,000) | (1,860,000,000) | (246,000,000) | (246,000,000) | (2,106,000,000) | |||||
Subordinated notes remuneration | (280,000,000) | (280,000,000) | (280,000,000) | |||||||
Changes in ownership interests with no gain/loss of control | (3,000,000) | (3,000,000) | (9,000,000) | (9,000,000) | (12,000,000) | |||||
Changes in ownership interests with gain/loss of control | 11,000,000 | 11,000,000 | 11,000,000 | |||||||
Other movements | 10,000,000 | 10,000,000 | 74,000,000 | 74,000,000 | 84,000,000 | |||||
Equity at end of period at Dec. 31, 2018 | 30,669,000,000 | 10,640,000,000 | 16,859,000,000 | 5,803,000,000 | (2,062,000,000) | (571,000,000) | 2,580,000,000 | 2,357,000,000 | 223,000,000 | € 33,249,000,000 |
Equity at end of period (in shares) at Dec. 31, 2018 | 2,660,056,599 | |||||||||
Effect of IFRS application | 2,000,000 | 2,000,000 | € 2,000,000 | |||||||
Balance after effect of IFRS application | 30,671,000,000 | 10,640,000,000 | 16,859,000,000 | 5,803,000,000 | (2,060,000,000) | (571,000,000) | 2,580,000,000 | 2,357,000,000 | 223,000,000 | 33,251,000,000 |
Consolidated comprehensive income | 3,073,000,000 | 3,004,000,000 | 69,000,000 | 230,000,000 | 218,000,000 | 11,000,000 | 3,304,000,000 | |||
Share-based compensation | 52,000,000 | 52,000,000 | 3,000,000 | 3,000,000 | 55,000,000 | |||||
Purchase of treasury shares | (34,000,000) | (34,000,000) | (34,000,000) | |||||||
Dividends | (1,857,000,000) | (1,857,000,000) | (248,000,000) | (248,000,000) | (2,105,000,000) | |||||
Issues and purchases of subordinated notes | (81,000,000) | 0 | (81,000,000) | (81,000,000) | ||||||
Subordinated notes remuneration | (297,000,000) | (297,000,000) | (297,000,000) | |||||||
Changes in ownership interests with no gain/loss of control | 4,000,000 | 4,000,000 | 1,000,000 | 1,000,000 | 5,000,000 | |||||
Changes in ownership interests with gain/loss of control | 2,000,000 | 2,000,000 | 2,000,000 | |||||||
Other movements | 195,000,000 | 195,000,000 | 119,000,000 | 119,000,000 | 314,000,000 | |||||
Equity at end of period at Dec. 31, 2019 | 31,725,000,000 | 10,640,000,000 | 16,859,000,000 | 5,803,000,000 | (1,075,000,000) | (502,000,000) | 2,687,000,000 | 2,452,000,000 | 234,000,000 | € 34,412,000,000 |
Equity at end of period (in shares) at Dec. 31, 2019 | 2,660,056,599 | |||||||||
Effect of IFRS application | 0 | 0 | ||||||||
Balance after effect of IFRS application | (571,000,000) | 223,000,000 | ||||||||
Consolidated comprehensive income | 4,565,000,000 | 4,822,000,000 | (257,000,000) | 158,000,000 | 233,000,000 | (75,000,000) | € 4,723,000,000 | |||
Share-based compensation | 16,000,000 | 16,000,000 | 7,000,000 | 7,000,000 | 23,000,000 | |||||
Purchase of treasury shares | 7,000,000 | 7,000,000 | 7,000,000 | |||||||
Dividends | (1,595,000,000) | (1,595,000,000) | (225,000,000) | (225,000,000) | (1,820,000,000) | |||||
Issues and purchases of subordinated notes | (12,000,000) | 0 | (12,000,000) | (12,000,000) | ||||||
Subordinated notes remuneration | (258,000,000) | (258,000,000) | (258,000,000) | |||||||
Changes in ownership interests with no gain/loss of control | (21,000,000) | (21,000,000) | 19,000,000 | 19,000,000 | (2,000,000) | |||||
Other movements | (33,000,000) | (33,000,000) | (2,000,000) | (2,000,000) | (35,000,000) | |||||
Equity at end of period at Dec. 31, 2020 | € 34,395,000,000 | € 10,640,226,396 | € 16,859,000,000 | € 5,803,000,000 | € 1,852,000,000 | € (759,000,000) | € 2,643,000,000 | € 2,484,000,000 | € 159,000,000 | € 37,038,000,000 |
Equity at end of period (in shares) at Dec. 31, 2020 | 2,660,056,599 |
Analysis of changes in sharehol
Analysis of changes in shareholders' equity related to components of the other comprehensive income - EUR (€) € in Millions | Accumulated other comprehensive income [member] | Accumulated other comprehensive income attributable to owners of parent [member] | Reserve of gains and losses on remeasuring available-for-sale financial assets attributable to owners of parent [member] | Reserve of gains and losses on remeasuring assets at fair value attributable to owners of parent [member] | Reserve of gains and losses on hedging instruments that hedge investments in equity instruments attributable to owners of parent [member] | Reserve of exchange differences on translation attributable to owners of parent [member] | Reserve of actuarial gains and losses attributable to owners of parent [member] | Miscellaneous other accumulated other comprehensive income attributable to owners of parent [member] | Accumulated other comprehensive income associates and joint ventures attributable to owners of parent [member] | Accumulated other comprehensive income, non-controlling interests [member] | Reserve of gains and losses on remeasuring available-for-sale financial assets, non-controlling interests [member] | Reserve of gains and losses on remeasuring assets at fair value attributable to non controlling interest [member] | Reserve of gains and losses on hedging instruments that hedge investments in equity instruments, non-controlling interests [member] | Reserve of exchange differences on translation, non-controlling interests [member] | Reserve of actuarial gains and losses, non-controlling interests [member] | Miscellaneous other accumulated other comprehensive income, non-controlling interests [member] | Total |
Effect of IFRS application | € (39) | € (39) | € (56) | € 17 | € 1 | € (1) | € (23) | ||||||||||
Balance after effect of IFRS application | (301) | (515) | 17 | € (196) | € 27 | € (541) | € 218 | € (40) | € 214 | (1) | € (4) | € 232 | € (16) | € 3 | 33,489 | ||
Equity at beginning of period at Dec. 31, 2017 | (262) | (476) | 56 | (196) | 27 | (541) | 218 | (40) | 214 | (1) | (4) | 232 | (16) | 3 | 33,512 | ||
Variation | (47) | (56) | (27) | (68) | (12) | 37 | 14 | 9 | (3) | 1 | 5 | 8 | (2) | 2,111 | |||
Equity at end of period at Dec. 31, 2018 | (348) | (571) | (10) | (264) | 15 | (504) | 232 | (40) | 223 | (4) | (3) | 237 | (8) | 1 | 33,249 | ||
Effect of IFRS application | 2 | ||||||||||||||||
Balance after effect of IFRS application | (571) | 223 | 33,251 | ||||||||||||||
Variation | 80 | 69 | (18) | 147 | 64 | (107) | (16) | 11 | 3 | (3) | 14 | (2) | (1) | 3,304 | |||
Equity at end of period at Dec. 31, 2019 | (268) | (502) | (28) | (117) | 78 | (611) | 216 | (40) | 234 | (2) | (6) | 251 | (10) | 1 | 34,412 | ||
Effect of IFRS application | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | € 0 | 0 | 0 | 0 | 0 | 0 | |
Balance after effect of IFRS application | (348) | (571) | (10) | (264) | 15 | (504) | 232 | (40) | 223 | (4) | (3) | 237 | (8) | 1 | |||
Variation | (332) | (257) | 95 | 18 | (334) | (33) | (4) | (75) | (1) | 4 | (80) | 2 | 0 | 4,723 | |||
Equity at end of period at Dec. 31, 2020 | € (600) | € (759) | € 68 | € (98) | € (256) | € (644) | € 212 | € (40) | € 159 | € (3) | € (2) | € 171 | € (8) | € 0 | € 37,038 |
Analysis of changes in shareh_2
Analysis of changes in shareholders' equity related to components of the other comprehensive income (Parenthetical) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of changes in equity [abstract] | ||
Hedging instruments | € 144 | |
Change in actuarial gains and losses | (109) | |
Actuarial gains and losses | € (414) | € 78 |
Change in assets available at fair value | € 94 |
Consolidated statement of cash
Consolidated statement of cash flows - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Cash flows from (used in) operating activities [abstract] | |||
Consolidated net income | € 5,055 | € 3,222 | € 2,158 |
Adjustments to reconcile profit (loss) [abstract] | |||
Non-monetary items and reclassified items for presentation | 10,310 | 12,221 | 11,497 |
Operating taxes and levies | 1,924 | 1,827 | 1,840 |
Gains (losses) on disposal of fixed assets, investments and activities | (228) | (277) | (197) |
Other gains and losses | (23) | (9) | |
Depreciation and amortization of fixed assets | 7,134 | 7,110 | 7,047 |
Depreciation and amortization of financed assets | 55 | 14 | |
Depreciation and amortization of right-of-use assets | 1,384 | 1,275 | |
Changes in provisions | (504) | (484) | (17) |
Reclassification of cumulative translation adjustment from liquidated entities | (12) | (1) | |
Impairment of goodwill | 54 | 56 | |
Impairment of fixed assets | 30 | (73) | 49 |
Impairment of right-of-use assets | 57 | 33 | |
Share of profits (losses) of associates and joint ventures | 2 | (8) | (3) |
Operational net foreign exchange and derivatives | (11) | 9 | 2 |
Finance costs, net | 1,314 | 1,261 | 1,362 |
Income tax | (848) | 1,447 | 1,309 |
Share-based compensation | 23 | 55 | 50 |
Changes in working capital and operating banking activities | (640) | (934) | (236) |
Decrease (increase) in inventories, gross | 72 | 69 | (152) |
Decrease (increase) in trade receivables, gross | (488) | (45) | (97) |
Increase (decrease) in trade payables | (122) | (85) | 177 |
Changes in other customer contract assets and liabilities | (41) | (60) | 12 |
Changes in other assets and liabilities | (62) | (813) | (176) |
Other net cash out | (2,028) | (4,319) | (3,913) |
Operating taxes and levies paid | (1,929) | (1,939) | (1,777) |
Dividends received | 6 | 17 | 51 |
Interest paid and interest rates effects on derivatives, net | (1,264) | (1,318) | (1,259) |
Tax dispute for fiscal years 2005-2006 | 2,246 | ||
Income tax paid excluding the effect of the tax litigation for years 2005-2006 | (1,086) | (1,079) | (928) |
Net cash provided by operating activities | 12,697 | 10,190 | 9,506 |
Cash flows from (used in) investing activities [abstract] | |||
Purchases and sales of property, plant and equipment and intangible assets | (7,176) | (7,582) | (7,692) |
Purchases of property, plant and equipment and intangible assets | (8,546) | (8,422) | (7,642) |
Increase (decrease) in fixed assets payables | 958 | 179 | (289) |
Investing donations received in advance | 39 | 32 | 47 |
Sales of property, plant and equipment and intangible assets | 374 | 628 | 192 |
Cash paid for investment securities, net of cash acquired | (49) | (559) | (284) |
Investments in associates and joint ventures | (7) | (2) | (6) |
Purchases of equity securities measured at fair value | (67) | (44) | (104) |
Sales of investment securities, net of cash transferred | 19 | 529 | 110 |
Decrease (increase) in securities and other financial assets | 1,716 | (1,711) | (576) |
Decrease (increase) in securities and other financial assets: Investments at fair value, excluding cash equivalents | 1,568 | (2,025) | 55 |
Decrease (increase) in securities and other financial assets: Investments at fair value, other | 148 | 314 | (631) |
Net cash used in investing activities | (5,564) | (9,370) | (8,552) |
Cash flows from (used in) financing activities [abstract] | |||
Medium and long-term debt issuances | 2,694 | 8,351 | 5,214 |
Medium and long-term debt redemptions and repayments | (3,476) | (4,650) | (4,095) |
Repayments of lease liabilities | (1,398) | (1,429) | |
Increase (decrease) of bank overdrafts and short-term borrowings | (413) | (945) | (43) |
Redemption of subordinated notes reclassified in 2019 as short-term borrowings | (500) | ||
Decrease (increase) of cash collateral deposits | (747) | 590 | 208 |
Exchange rates effects on derivatives, net | 37 | 26 | 7 |
Subordinated notes issuances (purchases) and other related fees | (12) | 419 | |
Coupon on subordinated notes | (280) | (276) | (280) |
Purchases of treasury shares - Orange Vision 2020 free share award plan | (27) | (101) | |
Proceeds (purchases) from treasury shares | 7 | (7) | 3 |
Capital increase (decrease) - non-controlling interests | 2 | 79 | 68 |
Changes in ownership interests with no gain / loss of control | (3) | (7) | (6) |
Dividends paid to owners of the parent company | (1,595) | (1,857) | (1,860) |
Dividends paid to non-controlling interests | (226) | (243) | (246) |
Net cash used in financing activities | (5,410) | 24 | (1,131) |
Net change in cash and cash equivalents | 1,724 | 844 | (177) |
Effect of exchange rate changes on cash and cash equivalents [abstract] | |||
Cash and cash equivalents in the opening balance | 6,481 | 5,634 | 5,810 |
Cash change in cash and cash equivalents | 1,724 | 844 | (177) |
Non-cash change in cash and cash equivalents | (59) | 3 | 1 |
o/w effect of exchange rates changes and other non-monetary effects | (59) | 3 | 1 |
Cash and cash equivalents in the closing balance | 8,145 | 6,481 | 5,634 |
Investments securities, BT Shares [member] | |||
Cash flows from (used in) investing activities [abstract] | |||
Sales of investment securities, net of cash transferred | 543 | 53 | |
Other investment securities [member] | |||
Cash flows from (used in) investing activities [abstract] | |||
Sales of investment securities, net of cash transferred | 19 | (14) | 57 |
SecureLink [member] | |||
Cash flows from (used in) investing activities [abstract] | |||
Cash paid for investment securities, net of cash acquired | (371) | ||
SecureData [member] | |||
Cash flows from (used in) investing activities [abstract] | |||
Cash paid for investment securities, net of cash acquired | (95) | ||
Basefarm Holding AS [member] | |||
Cash flows from (used in) investing activities [abstract] | |||
Cash paid for investment securities, net of cash acquired | (230) | ||
Business and Decision [member] | |||
Cash flows from (used in) investing activities [abstract] | |||
Cash paid for investment securities, net of cash acquired | (36) | ||
Other business combinations [member] | |||
Cash flows from (used in) investing activities [abstract] | |||
Cash paid for investment securities, net of cash acquired | € (49) | € (93) | € (18) |
Consolidated statement of cas_2
Consolidated statement of cash flows (Parenthetical) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Statement of cash flows [line items] | |||
Interests paid on lease liabilities | € (131) | € (104) | |
Interests paid on financed asset liabilities | (1) | (1) | |
Purchases of property, plant and equipment and intangible assets | 8,546 | 8,422 | € 7,642 |
Redemption of subordinated notes reclassified in 2019 as short-term borrowings | (500) | ||
Proceeds from sale and lease-back transactions | 227 | 381 | |
Net repayments of debt securities of Orange Bank | (346) | 277 | |
Net acquisitions | 97 | (154) | |
Finance leases [member] | |||
Statement of cash flows [line items] | |||
Purchases of property, plant and equipment and intangible assets | € 241 | € 144 | € 136 |
Segment information
Segment information | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of operating segments [abstract] | |
Segment information | Note 1 Segment information 1.1 Segment revenue (in millions of euros) Other European Eliminations France Spain countries Europe December 31, 2020 Revenue (3) 18,461 4,951 5,638 (9) Convergence services 4,559 1,984 733 — Mobile services only 2,245 1,012 2,026 — Fixed services only 3,959 (4) 471 611 — IT & integration services — 8 301 — Wholesale 5,866 916 1,017 (9) Equipment sales 1,187 547 828 — Other revenue 644 12 122 — External 17,794 4,908 5,559 — Inter-operating segments 667 43 79 (9) December 31, 2019 Revenue (3) 18,154 5,280 5,783 (12) Convergence services 4,397 2,092 623 — Mobile services only 2,324 1,161 2,143 — Fixed services only 4,086 (4) 501 644 — IT & integration services — 6 232 — Wholesale 5,487 901 1,071 (12) Equipment sales 1,351 620 898 — Other revenue 509 0 173 — External 17,492 5,230 5,695 — Inter-operating segments 662 50 88 (12) December 31, 2018 Revenue (3) 18,211 5,349 5,687 (13) Convergence services 4,458 2,143 467 — Mobile services only 2,348 1,215 2,194 — Fixed services only 4,168 (4) 496 697 — IT & integration services — 1 158 — Wholesale 5,342 810 1,150 (13) Equipment sales 1,410 684 868 — Other revenue 485 — 153 — External 17,615 5,299 5,601 — Inter-operating segments 596 50 86 (13) (1) Including, in 2020, revenue of 5,071 million euros in France, 13 million euros in Spain, 1,287 million euros in other European countries and 1,436 million euros in other countries. Including, in 2019, revenue of 5,233 million euros in France, 21 million euros in Spain, 1,077 million euros in other European countries and 1,489 million euros in other countries. Including, in 2018, revenue of 5,207 million euros in France, 21 million euros in Spain, 665 million euros in other European countries and 1,399 million euros in other countries. (2) Including revenue of 1,305 million euros in France in 2020, 1,374 million euros in 2019 and 1,412 million euros in 2018. (3) The description of different sources of revenue is presented in Note 5.1. (4) Including, in 2020, fixed only broadband revenue of 2,748 million euros and fixed only narrowband revenue of 1,212 million euros. Including, in 2019, fixed only broadband revenue of 2,699 million euros and fixed only narrowband revenue of 1,387 million euros. Including, in 2018, fixed only broadband revenue of 2,565 million euros and fixed only narrowband revenue of 1,603 million euros. (5) Including, in 2020, revenue of 1,237 million euros from voice services and revenue of 2,614 million euros from data services. Including, in 2019, revenue of 1,289 million euros from voice services and revenue of 2,674 million euros from data services. Including, in 2018, revenue of 1,385 million euros from voice services and revenue of 2,612 million euros from data services. (in millions of euros) Europe Africa & Enterpri-se (1) International Eliminations Total telecom Mobile Eliminations Orange Total Middle-East Carriers activities Financial telecom consolidated & Shared Services activities / mobile financial Services (2) finance services statements December 31, 2020 Revenue (3) 10,580 5,834 7,807 1,450 (1,855) 42,277 — (7) 42,270 Convergence services 2,717 — — — — 7,276 — — 7,276 Mobile services only 3,038 4,420 649 — (35) 10,317 — (0) 10,317 Fixed services only 1,083 562 3,851 (5) — (177) 9,278 — (0) 9,277 IT & integration services 310 25 3,086 — (164) 3,256 — (4) 3,252 Wholesale 1,924 695 45 1,038 (1,313) 8,255 — — 8,255 Equipment sales 1,375 89 175 — (5) 2,821 — (0) 2,821 Other revenue 134 43 — 412 (160) 1,073 — (2) 1,072 External 10,467 5,660 7,405 944 — 42,270 — — 42,270 Inter-operating segments 113 175 402 506 (1,855) 7 — (7) — December 31, 2019 Revenue (3) 11,051 5,646 7,820 1,498 (1,926) 42,242 — (4) 42,238 Convergence services 2,714 — — — — 7,111 — — 7,111 Mobile services only 3,304 4,230 727 — (40) 10,545 — (0) 10,544 Fixed services only 1,145 493 3,963 (5) — (178) 9,509 — (0) 9,508 IT & integration services 239 14 2,909 — (155) 3,006 — (3) 3,004 Wholesale 1,959 780 34 1,077 (1,404) 7,933 — — 7,933 Equipment sales 1,518 96 187 - (6) 3,146 — (0) 3,146 Other revenue 173 32 — 421 (142) 992 — (1) 991 External 10,925 5,430 7,437 955 — 42,238 — — 42,238 Inter-operating segments 126 216 383 543 (1,926) 4 — (4) — December 31, 2018 Revenue (3) 11,023 5,190 7,292 1,534 (1,866) 41,384 — (3) 41,381 Convergence services 2,610 — — — — 7,068 — — 7,068 Mobile services only 3,409 3,809 743 — (37) 10,272 — — 10,272 Fixed services only 1,193 435 3,997 (5) — (189) 9,604 — — 9,604 IT & integration services 159 21 2,312 — (141) 2,351 — (2) 2,349 Wholesale 1,947 811 35 1,150 (1,354) 7,931 — — 7,931 Equipment sales 1,552 85 205 — (7) 3,245 — — 3,245 Other revenue 153 29 — 384 (138) 913 — (1) 912 External 10,900 4,980 6,914 972 — 41,381 — — 41,381 Inter-operating segments 123 210 378 562 (1,866) 3 — (3) — 1.2 Segment revenue to consolidated net income in 2020 (in millions of euros) France Europe Other Elimina- European tions Spain countries Europe Total Revenue 18,461 4,951 5,638 (9) 10,580 External purchases (7,101) (2,774) (3,194) 9 (5,959) Other operating income 1,303 141 153 (0) 293 Other operating expenses (592) (185) (173) 0 (358) Labor expenses (3,663) (280) (632) — (912) Operating taxes and levies (955) (148) (90) — (238) Gains (losses) on disposal of fixed assets, investments and activities — — — — — Restructuring costs — — — — — Depreciation and amortization of financed assets (55) — — — — Depreciation and amortization of right-of-use assets (225) (260) (183) — (443) Impairment of right-of-use assets — — — — — Interests on debts related to financed assets (3) (1) — — — — Interests on lease liabilities (3) (8) (12) (19) — (30) EBITDAaL (1) 7,163 1,433 1,499 — 2,932 Significant litigations (1) (199) — — — — Specific labour expenses (1) (7) — 2 — 2 Fixed assets, investments and businesses portfolio review (1) 21 22 14 — 36 Restructuring programs costs (1) (5) (0) (2) — (2) Acquisition and integration costs (1) (1) — (7) — (7) Depreciation and amortization of fixed assets (3,157) (1,059) (1,129) — (2,187) Reclassification of translation adjustment from liquidated entities — — — — — Impairment of goodwill — — — — — Impairment of fixed assets (15) 0 (8) — (8) Share of profits (losses) of associates and joint ventures (1) — 0 — 0 Elimination of interests on debts related to financed assets (3) 1 — — — — Elimination of interests on lease liabilities (3) 8 12 19 — 30 Operating Income 3,809 407 389 — 796 Cost of gross financial debt except financed assets Interests on debts related to financed assets (3) Gains (losses) on assets contributing to net financial debt Foreign exchange gain (loss) Interests on lease liabilities (3) Other net financial expenses Finance costs, net Income Tax Consolidated net income (1) See Note 1.9. for EBITDAaL adjustments. (2) Mobile Financial Services's net banking income is recognized in other operating income and amounts to 69 million euros in 2020. The cost of risk is included in other operating expenses and amounts to (31) million euros in 2020. (3) Presentation adjustments allow the reallocation of the lines of specific items identified in the segment information to the operating revenue and expense lines presented in the consolidated income statement. Interests on debts related to financed assets and interests on lease liabilities are included in segment EBITDAaL. They are excluded from segment operating income and included in net finance costs presented in the consolidated income statement. (in millions of euros) Elimina- tions Interna- telecom Orange tional activites / consoli- Africa & Carriers & Elimination Total Mobile mobile Presenta- dated Middle- Shared telecom telecom Financial financial tion adjust- financial East Enterprise Services activities activities Services (2) services Total ments (3) statements Revenue 5,834 7,807 1,450 (1,855) 42,277 — (7) 42,270 — 42,270 External purchases (2,443) (4,019) (1,951) 3,891 (17,582) (108) 6 (17,684) (6) (17,691) Other operating income 76 161 2,076 (3,371) 539 75 (9) 604 — 604 Other operating expenses (212) (646) (51) 1,335 (524) (47) 11 (560) (229) (789) Labor expenses (514) (2,027) (1,274) — (8,390) (75) — (8,465) (25) (8,490) Operating taxes and levies (552) (102) (75) — (1,923) (1) — (1,924) — (1,924) Gains (losses) on disposal of fixed assets, investments and activities — — — — — — — — 228 228 Restructuring costs — — — — — — — — (25) (25) Depreciation and amortization of financed assets — — — — (55) — — (55) — (55) Depreciation and amortization of right-of-use assets (158) (145) (410) — (1,380) (3) — (1,384) — (1,384) Impairment of right-of-use assets — — — — — — — — (57) (57) Interests on debts related to financed assets (3) — — — — (1) — — (1) 1 n/a Interests on lease liabilities (3) (67) (5) (9) — (120) (0) — (120) 120 n/a EBITDAaL (1) 1,964 1,023 (244) — 12,839 (160) 1 12,680 6 n/a Significant litigations (1) — — (13) — (211) — — (211) 211 n/a Specific labour expenses (1) (0) 2 (9) — (12) (0) — (12) 12 n/a Fixed assets, investments and businesses portfolio review (1) 6 14 151 — 228 — — 228 (228) n/a Restructuring programs costs (1) (5) (9) (59) — (80) (3) — (83) 83 n/a Acquisition and integration costs (1) (2) (6) (15) — (32) (5) — (37) 37 n/a Depreciation and amortization of fixed assets (1,011) (410) (342) — (7,106) (28) — (7,134) — (7,134) Reclassification of translation adjustment from liquidated entities — — — — — — — — — — Impairment of goodwill — — — — — — — — — — Impairment of fixed assets (0) — (7) — (30) — — (30) — (30) Share of profits (losses) of associates and joint ventures 8 1 (9) — (2) — — (2) — (2) Elimination of interests on debts related to financed assets (3) — — — — 1 — — 1 (1) n/a Elimination of interests on lease liabilities (3) 67 5 9 — 120 0 — 120 (120) n/a Operating Income 1,027 621 (538) — 5,715 (195) 1 5,521 — 5,521 Cost of gross financial debt except financed assets (1,099) Interests on debts related to financed assets (3) (1) Gains (losses) on assets contributing to net financial debt (1) Foreign exchange gain (loss) (103) Interests on lease liabilities (3) (120) Other net financial expenses 11 Finance costs, net (1,314) Income Tax 848 Consolidated net income 5,055 1.3 Segment revenue to consolidated net income in 2019 (in millions of euros) France Europe Other European Elimina-tions Spain countries Europe Total Revenue 18,154 5,280 5,783 (12) 11,051 External purchases (7,036) (2,907) (3,318) 12 (6,213) Other operating income 1,392 221 148 (0) 369 Other operating expenses (553) (207) (173) 0 (380) Labor expenses (3,730) (271) (678) — (949) Operating taxes and levies (893) (160) (84) — (244) Gains (losses) on disposal of fixed assets, investments and activities — — — — — Restructuring costs — — — — — Depreciation and amortization of financed assets (14) — — — — Depreciation and amortization of right-of-use assets (175) (298) (168) — (466) Impairment of right-of-use assets — — — — — Interests on debts related to financed assets (3) (1) — — — — Interests on lease liabilities (3) (9) (12) (21) — (32) EBITDAaL (1) 7,135 1,646 1,489 — 3,136 Significant litigations (1) — — — — — Specific labour expenses (1) (32) — 2 — 2 Fixed assets, investments and businesses portfolio review (1) 4 56 63 — 120 Restructuring programs costs (1) (45) (12) (55) — (67) Acquisition and integration costs (1) — — (5) — (5) Depreciation and amortization of fixed assets (3,179) (1,076) (1,119) — (2,195) Reclassification of translation adjustment from liquidated entities — — — — — Impairment of goodwill — — — — — Impairment of fixed assets (1) — (15) — (15) Share of profits (losses) of associates and joint ventures — — 1 — 1 Elimination of interests on debts related to financed assets (3) 1 — — — — Elimination of interests on lease liabilities (3) 9 12 21 — 32 Operating Income 3,892 626 383 — 1,009 Cost of gross financial debt except financed assets — — — — — Interests on debts related to financed assets (3) — — — — — Gains (losses) on assets contributing to net financial debt — — — — — Foreign exchange gain (loss) — — — — — Interests on lease liabilities (3) — — — — — Other net financial expenses — — — — — Effects resulting from BT sale — — — — — Finance costs, net — — — — — Income Taxes — — — — — Consolidated net income — — — — — (1) See Note 1.9. for EBITDAaL adjustments. (2) Mobile Financial Services's net banking income is recognized in other operating income and amounts to 40 million euros in 2019. The cost of risk is included in other operating expenses and amounts to (10) million euros in 2019. (3) Presentation adjustments allow the reallocation of the lines of specific items identified in the segment information to the operating revenue and expense lines presented in the consolidated income statement. Interests on debts related to financed assets and interests on lease liabilities are included in segment EBITDAaL. They are excluded from segment operating income and included in net finance costs presented in the consolidated income statement. (in millions of euros) Africa & Entreprise Interna-tional Elimina-tion Total Mobile Elimina-tions Total Presenta-tion Orange Middle-East Carriers & telecom telecom Financial telecom adjust- consoli- Shared activities activities Services (2) activities/mobile ments (3) dated financial Services financial services statements Revenue 5,646 7,820 1,498 (1,926) 42,242 — (4) 42,238 — 42,238 External purchases (2,451) (3,991) (2,041) 3,962 (17,769) (96) 5 (17,860) — (17,860) Other operating income 72 169 2,088 (3,396) 694 43 (17) 720 — 720 Other operating expenses (245) (634) (63) 1,360 (515) (29) 17 (527) (72) (599) Labor expenses (507) (1,949) (1,261) — (8,397) (73) — (8,470) (24) (8,494) Operating taxes and levies (495) (115) (80) — (1,827) (1) — (1,827) — (1,827) Gains (losses) on disposal of fixed assets, investments and activities — — — — — — — — 277 277 Restructuring costs — — — — — — — — (132) (132) Depreciation and amortization of financed assets — — — — (14) — — (14) — (14) Depreciation and amortization of right-of-use assets (135) (104) (391) — (1,272) (3) — (1,274) — (1,274) Impairment of right-of-use assets — — — — — — — — (33) (33) Interests on debts related to financed assets (3) — — — — (1) — — (1) 1 n/a Interests on lease liabilities (3) (72) (4) (10) — (128) — — (129) 129 n/a EBITDAaL (1) 1,814 1,191 (261) — 13,015 (160) 1 12,856 144 n/a Significant litigations (1) — — (49) — (49) — — (49) 49 n/a Specific labour expenses (1) — 1 6 — (23) — — (23) 23 n/a Fixed assets, investments and businesses portfolio review (1) (19) — 172 — 277 — — 277 (277) n/a Restructuring programs costs (1) (4) (16) (31) — (163) (2) — (165) 165 n/a Acquisition and integration costs (1) — (11) (8) — (24) — — (24) 24 n/a Depreciation and amortization of fixed assets (972) (399) (340) — (7,086) (24) — (7,110) — (7,110) Reclassification of translation adjustment from liquidated entities 2 — 10 — 12 — — 12 — 12 Impairment of goodwill (54) — — — (54) — — (54) — (54) Impairment of fixed assets 89 1 (1) — 73 — — 73 — 73 Share of profits (losses) of associates and joint ventures 12 1 (7) — 8 — — 8 — 8 Elimination of interests on debts related to financed assets (3) — — — — 1 — — 1 (1) n/a Elimination of interests on lease liabilities (3) 72 4 10 — 128 — — 129 (129) n/a Operating Income 940 772 (499) — 6,114 (186) 1 5,930 — 5,930 Cost of gross financial debt except financed assets — — — — — — — — (1,108) Interests on debts related to financed assets (3) — — — — — — — — (1) Gains (losses) on assets contributing to net financial debt — — — — — — — — 5 Foreign exchange gain (loss) — — — — — — — — 76 Interests on lease liabilities (3) — — — — — — — — (129) Other net financial expenses — — — — — — — — 15 Effects resulting from BT sale — — — — — — — — (119) Finance costs, net — — — — — — — — (1,261) Income Taxes — — — — — — — — (1,447) Consolidated net income — — — — — — — — 3,222 1.4 Segment revenue to segment operating income in 2018 (in millions of euros) France Europe Other European Elimina-tions Spain countries Europe Total December 31, 2018 Revenue 18,211 5,349 5,687 (13) 11,023 External purchases (7,167) (3,204) (3,412) 15 (6,601) Other operating income 1,377 155 130 (2) 283 Other operating expenses (535) (211) (168) — (379) Labor expenses (3,833) (263) (681) — (944) Operating taxes and levies (977) (161) (93) — (254) Gains (losses) on disposal of fixed assets, investments and activities — 35 45 — 80 Restructuring and integration costs — — — — — Adjusted EBITDA (1) 7,076 1,700 1,508 — 3,208 Significant litigations — (31) — — (31) Specific labour expenses (614) — — — — Investments and businesses portfolio review — — — — — Restructuring and integration costs (114) (9) (6) — (15) Reported EBITDA (1) 6,348 1,660 1,502 — 3,162 Depreciation and amortization (3,148) (1,105) (1,164) — (2,269) Reclassification of cumulative translation adjustment from liquidated entities — — — — — Impairment of goodwill — — — — — Impairment of fixed assets (2) — 1 — 1 Share of profits (losses) of associates and joint ventures — — — — — Operating income 3,198 555 339 — 894 (1) See Note 1.9. for EBITDA adjustments. (2) Mobile Financial Services's net banking income is recognized in other operating income and amounts to 43 million euros in 2018. The cost of risk is included in other operating expenses and amounts to (7) million euros in 2018. (3) Presentation adjustments allow the reallocation of the lines of specific items identified in the segment information to the operating revenue and expense lines presented in the consolidated income statement. (4) In 2018, mainly related to the effect of the three-year extension of the 2015 French part-time for seniors plans (see Note 7.2). (in millions of euros) Africa & Enterprise International Elimina-tion Total Mobile Elimina-tions Total Presenta-tion Orange Middle-East Carriers & telecom telecom Financial telecom adjust-ments (3) consolidated Shared activities activities Services (2) activities/mobile financial Services financial services statements December 31, 2018 Revenue 5,190 7,292 1,534 (1,866) 41,384 — (3) 41,381 — 41,381 External purchases (2,521) (3,696) (2,469) 3,975 (18,479) (87) 3 (18,563) — (18,563) Other operating income 68 148 2,146 (3,466) 556 44 (20) 580 — 580 Other operating expenses (231) (661) (35) 1,357 (484) (33) 21 (496) (9) (505) Labor expenses (468) (1,718) (1,235) — (8,198) (70) — (8,268) (806) (9,074) Operating taxes and levies (391) (120) (66) — (1,808) (1) — (1,809) (31) (1,840) Gains (losses) on disposal of fixed assets, investments and activities 20 — 80 — 180 — — 180 17 197 Restructuring and integration costs — — — — — — — — (199) (199) Adjusted EBITDA (1) 1,667 1,245 (45) — 13,151 (147) 1 13,005 (1,028) — Significant litigations — — (2) — (33) — — (33) 33 — Specific labour expenses — (68) (129) — (811) (1) — (812) (4) 812 — Investments and businesses portfolio review — — 17 — 17 — — 17 (17) — Restructuring and integration costs (12) (24) (35) — (200) — — (200) 200 — Reported EBITDA (1) 1,655 1,153 (194) — 12,124 (148) 1 11,977 — 11,977 Depreciation and amortization (906) (387) (316) — (7,026) (21) — (7,047) — (7,047) Reclassification of cumulative translation adjustment from liquidated entities — — 1 — 1 — — 1 — 1 Impairment of goodwill (56) — — — (56) — — (56) — (56) Impairment of fixed assets (46) — (2) — (49) — — (49) — (49) Share of profits (losses) of associates and joint ventures 12 (1) (8) — 3 — — 3 — 3 Operating income 659 765 (519) — 4,997 (169) 1 4,829 — 4,829 1.5 Segment investments (in millions of euros) France Spain Other Elimina- European tions countries Europe December 31, 2020 eCapex (1) 3,748 969 878 — Elimination of proceeds from sales of property, plant and equipment and intangible assets 136 75 22 — Telecommunications licenses 876 6 67 — Financed assets 241 — — — Total investments (5) 5,001 1,050 967 — December 31, 2019 eCapex (1) 4,052 812 869 — Elimination of proceeds from sales of property, plant and equipment and intangible assets 95 185 103 — Telecommunications licenses 0 298 9 — Financed assets 144 — — — Total investments (6) 4,291 1,296 982 — December 31, 2018 Capex (2) 3,656 1,120 953 — Telecommunications licenses (1) 149 10 — Finance leases 1 70 32 — Total investments (7) 3,656 1,339 995 — (1) See Note 1.9. for eCapex definition. (2) See Note 1.9. for Capex definition. (3) Including investments in intangible assets and property, plant and equipment in France for 218 million euros in 2020, 254 million euros in 2019 and 275 million euros in 2018. (4) Including investments in intangible assets and property, plant and equipment in France for 303 million euros in 2020, 336 million euros in 2019 and 312 million euros in 2018. (5) Including 2,940 million euros for other intangible assets and 5,848 million euros for tangible assets. (6) Including 2,385 million euros for other intangible assets and 6,181 million euros for tangible assets. (7) Including 1,895 million euros for other intangible assets and 5,883 million euros for tangible assets. (in millions of euros) Europe Africa & Enterprise (3) International Eliminations Total Mobile Eliminations Orange Total Middle-East Carriers telecom telecom Financial telecom consolidated & Shared activities activities Services activities / financial Services (4) and mobile statements unallocated financial items services December 31, 2020 eCapex (1) 1,847 1,036 339 133 — 7,102 30 — 7,132 Elimination of proceeds from sales of property, plant and equipment and intangible assets 97 9 23 180 — 444 — — 444 Telecommunications licenses 73 20 0 0 — 969 — — 969 Financed assets — — — — — 241 — — 241 Total investments (5) 2,017 1,065 362 313 — 8,757 30 — 8,787 December 31, 2019 eCapex (1) 1,681 987 404 141 — 7,265 28 — 7,293 Elimination of proceeds from sales of property, plant and equipment and intangible assets 289 13 5 208 — 610 — — 610 Telecommunications licenses 308 212 0 0 — 519 — — 519 Financed assets — — — — — 144 — — 144 Total investments (6) 2,277 1,211 410 348 — 8,538 28 — 8,565 December 31, 2018 Capex (2) 2,073 1,008 353 316 — 7,406 36 — 7,442 Telecommunications licenses 159 42 — — — 200 — — 200 Finance leases 102 2 31 — — 136 — — 136 Total investments (7) 2,334 1,052 384 316 — 7,742 36 — 7,778 1.6 Segment assets (in millions of euros) France Spain Other European Elimina-tions countries Europe December 31, 2020 Goodwill 14,364 6,872 2,640 — Other intangible assets 4,957 1,852 1,795 — Property, plant and equipment 16,038 3,750 3,903 — Right-of-use assets 1,523 1,129 1,052 — Interests in associates and joint ventures 9 — 5 — Non-current assets included in the calculation of net financial debt — — — — Other 9 17 25 — Total non-current assets 36,900 13,619 9,421 — Inventories 361 57 162 — Trade receivables 1,975 645 1,046 (0) Other customer contract assets 386 154 367 — Prepaid expenses 53 492 51 — Current assets included in the calculation of net financial debt — — — — Other 803 117 79 — Total current assets 3,578 1,465 1,705 (0) Total assets 40,477 15,085 11,126 (0) December 31, 2019 Goodwill 14,364 6,872 2,665 — Other intangible assets 3,968 1,961 1,941 — Property, plant and equipment 15,308 3,673 4,109 — Right-of-use assets 1,174 1,123 1,068 — Interests in associates and joint ventures 3 — 5 — Non-current assets included in the calculation of net financial debt — — — — Other 10 17 22 — Total non-current assets 34,827 13,645 9,811 — Inventories 463 61 149 — Trade receivables 1,477 667 1,210 3 Other customer contract assets 432 150 380 — Prepaid expenses 41 401 43 — Current assets included in the calculation of net financial debt — — — — Other 699 62 74 — Total current assets 3,113 1,341 1,855 3 Total assets 37,940 14,986 11,666 3 December 31, 2018 Goodwill 14,364 6,840 2,581 — Other intangible assets 3,921 1,778 2,015 — Property, plant and equipment 14,306 3,730 4,150 — Interests in associates and joint ventures — 1 4 — Non-current assets included in the calculation of net financial debt — — — — Other 11 17 15 — Total non-current assets 32,602 12,366 8,765 — Inventories 505 79 171 — Trade receivables 1,506 699 1,227 2 Other customer contract assets 443 140 363 — Prepaid expenses 68 241 35 — Current assets included in the calculation of net financial debt — — — — Other 776 60 75 (1) Total current assets 3,298 1,219 1,871 1 Total assets 35,900 13,585 10,636 1 (1) Including intangible and tangible assets for 573 million euros in France in 2020, 642 million euros in 2019 and 632 million euros in 2018. (2) Including intangible and tangible assets for 1,731 million euros in France in 2020, 1,736 million euros in 2019 and 2,151 million euros in 2018. Intangible assets also include the Orange brand for 3,133 million euros. (in millions of euros) Europe Africa & Enterprise International Eliminations Total Mobile Eliminations Orange Total Middle-East Carriers telecom telecom Financial telecom consolidated & Shared activities activities Services activities / financial Services and mobile statements unallocated financial items services December 31, 2020 Goodwill 9,512 1,443 2,225 18 — 27,561 35 — 27,596 Other intangible assets 3,647 2,046 640 (1) 3,753 (2) — 15,042 93 — 15,135 Property, plant and equipment 7,653 3,751 488 (1) 1,139 (2) — 29,069 6 — 29,075 Right-of-use assets 2,181 921 456 1,898 — 6,979 30 — 7,009 Interests in associates and joint ventures 5 70 2 12 0 98 — — 98 Non-current assets included in the calculation of net financial debt — — — — 774 774 — — 774 Other 42 26 31 20 1,633 1,760 1,219 (4) (27) 2,952 Total non-current assets 23,040 8,257 3,840 6,840 2,406 81,283 1,383 (27) 82,639 Inventories 219 77 57 100 — 814 — — 814 Trade receivables 1,691 769 1,081 890 (761) 5,645 30 (55) 5,620 Other customer contract assets 521 13 317 — — 1,236 — — 1,236 Prepaid expenses 542 131 77 66 (28) 841 9 (1) 850 Current assets included in the calculation of net financial debt — — — — 11,260 11,260 — — 11,260 Other 197 1,196 200 386 155 2,937 2,381 (5) (4) 5,313 Total current assets 3,170 2,185 1,733 1,442 10,627 22,734 2,421 (61) 25,094 Total assets 26,210 10,442 5,573 8,282 13,033 104,017 3,804 (88) 107,733 December 31, 2019 Goodwill 9,537 1,481 2,245 18 — 27,644 — — 27,644 Other intangible assets 3,903 2,318 695 (1) 3,766 (2) — 14,649 88 — 14,737 Property, plant and equipment 7,782 3,674 526 (1) 1,128 (2) — 28,418 5 — 28,423 Right-of-use assets 2,190 1,107 387 1,815 — 6,674 26 — 6,700 Interests in associates and joint ventures 5 84 1 10 0 103 — — 103 Non-current assets included in the calculation of net financial debt — — — — 685 685 — — 685 Other 39 22 25 19 2,104 (3) 2,219 1,268 (4) (27) 3,460 Total non-current assets 23,456 8,686 3,878 6,757 2,789 80,394 1,387 (27) 81,753 Inventories 211 76 60 96 — 906 — — 906 Trade receivables 1,879 720 1,067 974 (773) 5,343 1 (24) 5,320 Other customer contract assets 529 11 237 — — 1,209 — — 1,209 Prepaid expenses 444 87 143 26 (16) 725 5 (0) 730 Current assets included in the calculation of net financial debt — — — — 10,820 10,820 — — 10,820 Other 136 968 216 330 145 2,494 3,511 (5) (3) 6,002 Total current assets 3,199 1,862 1,723 1,426 10,176 21,498 3,517 (28) 24,987 Total assets 26,655 10,549 5,601 8,182 12,965 101,892 4,904 (55) 106,741 December 31, 2018 Goodwill 9,421 1,542 1,830 17 — 27,174 — — 27,174 Other intangible assets 3,793 2,106 388 (1) 3,780 (2) 1 13,989 84 — 14,073 Property, plant and equipment 7,880 3,443 540 (1) 1,519 (2) — 27,688 5 — 27,693 Interests in associates and joint ventures 5 82 — 17 — 104 — — 104 Non-current assets included in the calculation of net financial debt — — — — 816 816 — — 816 Other 32 23 23 19 3,123 (3) 3,231 1,637 (4) (27) 4,841 Total non-current assets 21,131 7,196 2,781 5,352 3,940 73,002 1,726 (27) 74,701 Inventories 249 82 49 79 — 965 — — 965 Trade receivables 1,928 761 821 946 (633) 5,329 — (34) 5,295 Other customer contract assets 503 8 212 — — 1,166 — — 1,166 Prepaid expenses 276 89 71 82 (17) 569 2 — 571 Current assets included in the calculation of net financial debt — — — — 7,886 7,886 — — 7,886 Other 135 811 174 374 52 2,321 3,687 (5) — 6,008 Total current assets 3,091 1,751 1,327 1,481 7,288 18,236 3,689 (34) 21,891 Total assets 24,222 8,947 4,108 6,833 11,228 91,238 5,415 (61) 96,592 (3) Including BT shares in the amount of 659 million euros in 2018. All BT shares have been sold in 2019 (see Note 13.7). (4) Including 1,210 million euros of non-current financial assets related to Mobile Financial Services in 2020, 1,259 million euros in 2019 and 1,617 million euros in 2018 (see Note 17.1.1). (5) Including 2,077 million euros of current financial assets related to Mobi |
Description of business and bas
Description of business and basis of preparation of the consolidated financial statements | 12 Months Ended |
Dec. 31, 2020 | |
Description of business and basis of preparation of consolidated financial statements [abstract] | |
Description of business and basis of preparation of the consolidated financial statements | Note 2 Description of business and basis of preparation of the consolidated financial statements 2.1 Description of business Orange provides B2C customers, businesses and other telecommunication operators with a wide range of services including fixed telephony and mobile telecommunications, data transmission and other value-added services, including mobile financial services. In addition to its role as a supplier of connectivity, the Group provides business services, primarily solutions in the fields of digital work, security and improvement of business line processes. Telecommunication operator activities are regulated and dependent upon the granting of licenses, just as mobile financial service activities have their own regulations. 2.2 Basis of preparation of the financial statements The consolidated financial statements were approved by the Board of Directors’ Meeting on February 17, 2021 and will be submitted for approval at the Shareholders’ Meeting on May 18, 2021. The 2020 consolidated annual financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRSs) as endorsed by the European Union. Comparative figures are presented for 2019 and 2018 using the same basis of preparation. The data are presented in millions of euros, without a decimal. Rounding to the nearest million may in some cases lead to non-significant discrepancies in the totals and subtotals shown in the tables. For the reported periods, the accounting standards and interpretations endorsed by the European Union are similar to the compulsory standards and interpretations published by the International Accounting Standards Board (IASB) with the exception of the texts currently being endorsed, that have no effect on the Group accounts. Consequently, the Group financial statements are prepared in accordance with the IFRS standards and interpretations, as published by the IASB. The principles applied to prepare the 2020 financial data are based on: – – – Standard Alternative used IAS 1 Accretion expense on operating liabilities (employee benefits, environmental liabilities and licenses) Classification as financial expenses IAS 2 Inventories Measurement of inventories determined by the weighted average unit cost method IAS 7 Interest paid and received dividends Classification as net operating cash flows IAS 16 Property, plant and equipment Measurement at amortized historical cost IAS 38 Intangible assets Measurement at amortized historical cost IFRS 3R Non-controlling interests At the acquisition date, measurement either at fair value or at the portion of the net identifiable asset of the acquired entity – Topic Note Presentation of consolidated financial statements Financial statements and segment information Operating taxes and levies 11.1 Income taxes 11.2 Non-controlling interests: change in ownership interest in a subsidiary and transactions with owners 4 and 15.6 In the absence of any accounting standard or interpretation, management uses its judgment to define and apply an accounting policy that will result in relevant and reliable information, such that the financial statements: – – – – – 2.3 New standards and interpretations applied from January 1, 2020 2.3.1 Interpretations and amendment of IFRS 16 "Leases" The Group has applied IFRS 16 “Leases” since January 1, 2019. The accounting principles applied since 2019, and the disclosures regarding lease liabilities and right-of-use assets are described in Note 10. IFRS IC decision on IFRS 16 lease term The IFRS IC decision on the enforceable period of leases was implemented from December 31, 2020 for all leases falling within the scope of the final decision of the Interpretation Committee. This first-time application with retroactive effect to January 1, 2019 represents a change in accounting policy. The effect of this implementation is mainly limited to leases with indefinite terms and short notice periods and to contracts whose initial lease term was exceeded and in a situation of tacit renewal at the time of application of this conclusion of the IFRS IC. The IFRS IC committee published a decision in December 2019 which specifies that it is not possible to use only the legal approach to determine the enforceable period of a contract, if the duration cannot be determined definitively at the origin of the contract. The committee considers that a lease contract remains enforceable as long as the lessee or the lessor would have to bear a loss or a more than insignificant penalty in case of termination of the contract. To determine the enforceable period of a lease, all economic aspects of the lease must be taken into account and not just contractual termination indemnities. On the date of preparation of the 2019 consolidated annual financial statements, the Group had adopted, depending on the accounting positions and the implementation methods concerning assessment of the term of leases, a legal approach in a certain number of open-ended lease contracts with a notice period of less than 12 months, for which the Group applied the short-term exemption, in particular for leases of certain mobile sites. In order to determine the reasonably certain terms to be applied to leases that are concerned by the IFRS IC decision, the Group has adopted a differentiated approach taking into account the nature of the underlying leased asset and/or the terms of the lease renewal for certain contracts. For the majority of leases with indefinite terms benefiting from notice clauses of less than 12 months, the Group has adopted a period consistent with the time horizon in which the Group’s strategic investment decisions are made at the date of implementation of this IFRS IC decision. Where appropriate, the duration of these leases may be reassessed in order to take into account the Group’s strategic choices or technological developments related to the underlying assets covered by these leases. Effects on the consolidated financial statements The effects on the consolidated financial statements are presented in the tables below: – (in millions of euros) Historical data Effects of IFRS IC Restated data 2019 (1) decision 2019 Revenue 42,238 — 42,238 External purchases (17,897) 37 (17,860) Other operating income 720 — 720 Other operating expenses (599) — (599) Labor expenses (8,494) — (8,494) Operating taxes and levies (1,827) — (1,827) Gains (losses) on disposal of fixed assets, investments and activities 277 — 277 Restructuring costs (132) — (132) Depreciation and amortization of fixed assets (7,110) — (7,110) Depreciation and amortization of financed assets (14) — (14) Depreciation and amortization of right-of-use assets (1,239) (35) (1,274) Reclassification of translation adjustment from liquidated entities 12 — 12 Impairment of goodwill (54) — (54) Impairment of fixed assets 73 — 73 Impairment of financed assets — — — Impairment of right-of-use assets (33) — (33) Share of profits (losses) of associates and joint ventures 8 — 8 Operating income 5,927 2 5,930 Cost of gross financial debt excluding financed assets (1,108) — (1,108) Interests on debts related to financed assets (1) — (1) Gains (losses) on assets contributing to net financial debt 5 — 5 Foreign exchange gain (loss) 76 — 76 Interests on lease liabilities (122) (6) (129) Other net financial expenses 15 — 15 Effects resulting from BT stake (119) — (119) Finance costs, net (1,254) (6) (1,261) Income taxes (1,447) 1 (1,447) Consolidated net income 3,226 (3) 3,222 (1) Published data as of December 31, 2019 – (in millions of euros) December 31, Effects of Effects of IFRS January 1, 2019 Effects of IFRS December 31, 2018 historical IFRS 16 IC decision 2019 restated variation IC decision 2019 restated data application January 1, 2019 data on 2019 data Assets Property, plant and equipment 27,693 (574) — 27,119 1,304 — 28,423 Right-of-use assets — 6,349 443 6,792 (86) (6) 6,700 Deferred tax assets 1,366 1,527 — 2,893 (1,902) 1 992 Total non-current assets 74,701 7,303 443 82,446 (688) (5) 81,753 Prepaid expenses 571 (36) — 536 195 — 730 Total current assets 21,891 (36) — 21,855 3,132 — 24,987 Total assets 96,592 7,267 443 104,302 2,444 (5) 106,741 Liabilities o/w reserves (2,062) 2 — (2,060) 987 (2) (1,075) o/w net income 1,954 — — 1,954 3,006 (2) 3,004 o/w translation adjustment 15 — — 15 64 (0) 79 Equity attributable to owners of the parent company 30,669 2 — 30,671 1,056 (2) 31,725 o/w reserves 2,357 — — 2,357 97 (2) 2,452 o/w net income 204 — — 204 220 (2) 218 o/w translation adjustment 237 — — 237 14 (0) 251 Equity attributable to non-controlling interests 2,580 — — 2,580 108 (2) 2,686 Total Equity 33,249 2 — 33,251 1,164 (3) 34,412 Non-current financial liabilities 26,749 (427) — 26,322 6,826 — 33,148 Non-current lease liabilities — 5,239 369 5,609 (14) (2) 5,593 Non-current dismantling provisions 765 — 1 766 45 0 812 Non-current restructuring provisions 230 (112) — 118 (23) — 96 Deferred tax liabilities 631 1,525 — 2,156 (1,453) — 703 Current lease liabilities 33,047 6,226 371 39,644 4,919 (2) 44,561 Current financial liabilities 7,270 (167) — 7,103 (3,177) — 3,925 Current lease liabilities — 1,291 72 1,363 (24) — 1,339 Trade payables 6,736 (39) — 6,697 (15) — 6,682 Current restructuring provisions 159 (31) — 128 (7) — 120 Other current liabilities 1,788 (15) — 1,774 321 — 2,095 Total current liabilities 30,296 1,039 72 31,407 (3,640) — 27,767 Total equity and liabilities 96,592 7,267 443 104,302 2,444 (5) 106,741 – (in millions of euros) December 31, 2019 Effects of IFRS IC December 31, 2019 historical data decision restated data Operating activities Consolidated net income 3,226 (3) 3,222 Non-monetary items and reclassified items for presentation Depreciation and amortization of right-of-use assets 1,239 35 1,275 Finance costs, net 1,254 6 1,261 Other net cash out Interest paid and interest rates effects on derivatives, net (1,312) (6) (1,318) Net cash provided by operating activities (a) 10,159 31 10,190 Investing activities Net cash used in investing activities (b) (9,370) — (9,370) Financing activities Repayments of lease liabilities (1,398) (31) (1,429) Net cash used in financing activities (c) 55 (31) 24 Net change in cash and cash equivalents (a) + (b) + (c) 844 — 844 Net change in cash and cash equivalents Cash and cash equivalents in the opening balance 5,634 — 5,634 Cash change in cash and cash equivalents 844 — 844 Non-cash change in cash and cash equivalents 3 — 3 Cash and cash equivalents in the closing balance 6,481 — 6,481 Accounting for rent adjustments granted by lessors in the context of Covid-19 On May 28, 2020, the IASB published an amendment to IFRS 16 relating to rent concessions in the context of the Covid-19 crisis, effective from June 1, 2020. The effect of this amendment, which gives tenants the possibility of recognizing eligible Covid-19-related rent concessions as if they were not lease modifications, is not significant for the Group. 2.3.2 Amendment to IFRS 3 "Definition of a business" This amendment clarifies the definition of a business and aims to help those preparing financial statements to determine whether an acquisition should be recognized as a business combination or an asset acquisition. This amendment will apply to all acquisitions made from January 1, 2020. These changes relate to the definition of a business: – – This amendment had no effect on the Group’s consolidated financial statements at December 31, 2020 and the Group will take these new provisions into account when making future acquisitions. 2.3.3 Amendments to IAS 1 and IAS 8 "Materiality" Amendments to IAS 1 and IAS 8, applicable since January 1, 2020, improve the definition of “material” in order to determine whether information should be provided in the financial statements, or whether the way in which it is communicated has the same effect as if it had not been communicated. The Group considers that the judgment applied in the choice of information provided in its notes to the consolidated financial statements meets the provisions of the amendments published by the IASB. 2.4 Main standards and interpretations compulsory after December 31, 2020 with no early application elected by the Group 2.4.1 Amendment to IAS 1: Classification of liabilities as current or non-current The amendments to the standard clarify the current requirements of IAS 1 on the classification of liabilities in an entity’s balance sheet. These amendments are not expected to have a significant impact on the Group’s statement of financial position. However, the implementation of these amendments could lead to the reclassification of certain liabilities from current to non-current, and vice versa. The date of entry into force of these amendments is January 1, 2023. 2.4.2 Amendment to IAS 16: Proceeds before intended use The amendment clarifies that an entity is not permitted to recognize any revenue from the sale of items produced as a deduction from the cost of the fixed asset while preparing the asset for its intended use. The proceeds from selling such items are recognized in profit or loss. The amendment is applicable from January 1, 2022. 2.4.3 Amendment to IAS 37: Onerous contracts – cost of fulfilling a contract The clarifications provided by the amendment concern the incremental costs of fulfilling an onerous contract to be taken into account in the provision, namely the costs of direct labor and materials and the allocation of other costs directly related to the contract, for example the depreciation expense relating to a fixed asset used in fulfilling the contract. The amendment is applicable from January 1, 2022. 2.4.4 Amendment to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 relating to interest rate benchmark reform phase 2 The amendments to the standards for this phase 2 provide in particular practical expedients for the modification of financial instruments or leases related to the IBOR reform. For debt instruments affected by the IBOR reform, it will not be necessary to apply the provisions of IFRS 9 to determine whether the modification of the instrument is substantial. These amendments propose that modifications to financial instruments related to the reform be treated prospectively as an update to the interest rate with no impact on profit or loss. With regard to hedge accounting, the amendments introduce an exemption allowing hedge accounting to be maintained despite the change in future cash flows impacted by the change in rates due to the reform. The amendments add new disclosures on the effects of the change in rates on contractual cash flows impacting financial assets and liabilities, lease assets and liabilities and hedge accounting. Discussions with the counterparties to negotiate the replacement of the indices with the new ones are ongoing. At December 31, 2020, the Group’s exposure to financial instruments indexed to variable rates and maturing after the reform’s implementation date is mainly summarized as follows: – – – The analysis of leases that may be affected by the reform is underway. The amendments are applicable from January 1, 2021. 2.5 Accounting policies, use of judgment and estimates The accounting policies are presented within each note to which they refer. In summary: Note Topic Accounting policies Judgments and (1) 1 Segment information X 4 Changes in the scope of consolidation, takeovers (business combinations), internal transfer of consolidated shares, assets held for sale X X 5.1 Revenue X X 5.3 Trade receivables X 5.4 Customer contract net assets and liabilities, costs of obtaining a contract and costs to fulfill a contract, unfulfilled performance obligations X 5.6 Submarine cable consortiums, Orange Money X 5.7 Related party transactions X 6.1 Advertising, promotion, sponsoring, communication and brand marketing costs X 6.2 Litigation, acquisition and integration costs X X 6.3 Restructuring costs X X 6.4 Broadcasting rights and equipment inventories X 6.6 Trade payables (goods and services) X X 7.2 Employee benefits X X 7.3 Employee share-based compensation X 8 Goodwill, impairment of goodwill X X 9.2 Depreciation and amortization X 9.3 Impairment of non-current assets X X 9.4 Other intangible assets X X 9.5 Property,plant and equipment financial liabilities X X 9.6 Fixed assets payables X X 9.7 Dismantling provisions X X 10 Leases X X 10.1 Right-of-use assets X 10.2 Lease liabilities X X 11.1 Operating taxes and levies X 11.2 Income taxes X X 12 Interests in associates and joint ventures X X 13.3 Net financial debt X X 13.3 Cash and cash equivalents, bonds, bank loans and loans from multilateral lending institutions X 13.4 Perpetual bonds redeemable for shares ( TDIRA X X 13.7 Financial assets (telecom activities) X X 13.8 Derivatives (telecom activities) X 14.8 Fair value of financial assets and liabilities (telecom activities) X X 15.2 Treasury shares X 15.4 Subordinated notes, equity component of perpetual bonds redeemable for shares ( TDIRA X X 15.5 Translation adjustments X 15.6 Non-controlling interests X 15.7 Earnings per share X 17.1 Financial assets and liabilities of Mobile Financial Services X 17.1.1 Financial assets related to Orange Bank activities X X 17.2.5 Fair value of financial assets and liabilities of Orange Bank X 18 Litigation X (1) See Notes 2.5.1 and 2.5.2 2.5.1 Use of judgment In addition to the alternatives or accounting positions mentioned above in 2.2, Management exercises judgment in order to define the accounting policies for certain transactions: Topic Nature of accounting judgment Notes 4 and 20 Control Requiring judgment in certain circumstances with respect to the existence or not of the control Continuous control assessment which can affect the scope of consolidation, as for instance when a shareholders’ agreement is revised or terminated, or when protective rights turn into substantive rights Note 5 Revenue Splitting transaction price between mobile and service Identification of distinct or non-distinct performance obligations Notes 6, 11 and 18 Purchases and other expenses, tax and litigation Litigation and tax: measurement of technical merits of the interpretations and legislative positions and qualification of the facts and circumstances Onerous supplier contracts: trigger event, nature of unavoidable costs Note 6 Purchases and other expenses Reverse factoring: distinguishing operating debt and financial debt Note 9 Fixed assets Qualifying network, sites or equipment sharing among operators as joint operations Note 10 Leases Determination of the non-cancellable lease term and assessment of the exercise or not of termination, extension and purchase option Separation of service and lease components of leases "TowerCos" arrangements: electing the unit of account (tower or used space) and analyzing the arrangements in order to determine whether they contain a lease Notes 13 and 15 Financial assets and liabilities and net finance costs Equity Distinguishing equity and debt: assessing specific contractual clauses 2.5.2 Use of estimates In preparing the Group’s consolidated annual financial statements, Orange’s management makes estimates, insofar as many elements included in the financial statements cannot be measured precisely. Management revises these estimates if the underlying circumstances evolve or in light of new information or more experience. Consequently, the estimates made at December 31, 2020 may subsequently be changed. The consequences of the health crisis on the economic environment have led the Group’s management to review some of its estimates (see Note 3). Topic Key sources of estimates on future income and/or cash flows Note 5 Revenue Deciding duration of legally binding rights and obligations Notes 6, 11 and 18 Risk of resources outflow linked to claims and litigation and to tax legislation Onerous contracts Underlying assumptions of the assessment of legal and fiscal positions Identifying and releasing of uncertain legal and tax positions Underlying assumptions of the assessment Notes 8.3, 8.4, 9.3, 9.4, 9.5 and 12 Measurement of the recoverable values for the impairment tests (goodwill, tangible and intangible assets, investments accounted for under the equity method) Sensitivity to discount rates, perpetual growth rate and business plans’ assumptions which affect the expected cash flows (revenues, EBITDAaL and investments) Assessing the competitive, economic and financial environment of the countries where the Group operates Note 11.2 Measurement of the recoverable value of deferred tax assets Assessing the deferred tax assets’ recovery timeline when a tax entity reverts to profitability or when the tax legislation limits the use of tax loss carryforward Note 9 Fixed assets Assessing assets’ useful life according to the change in the technological, regulatory or economic environment (notably the migration from the copper local loop into fiber and other greater bandwidth technologies, radio technology migration) Provision for dismantling and restoring sites: dismantling timeframe, discount rate, expected cost Note 10 Leases Determination of the incremental borrowing rate of the lease when the implied interest rate is not identifiable in the lease Determination of the term of certain leases Note 7.2 Employee benefits Sensitivity to discount rates Sensitivity to sign-up rate senior plans Notes 14 and 17 Fair value of financial assets and liabilities Models, selection of parameters, fair value hierarchy, evaluation of non-performance risks Furthermore, aside from the elements linked to the level of activity, income and future cash flows are sensitive to changes in financial market risks, notably interest rate and foreign exchange risks (see Note 13). |
Impacts of the health crisis re
Impacts of the health crisis related to the Covid-19 pandemic | 12 Months Ended |
Dec. 31, 2020 | |
Impacts of health crisis related to Covid-19 pandemic [abstract] | |
Impacts of the health crisis related to the Covid-19 pandemic | Note 3 Impact of the health crisis linked to the Covid-19 pandemic The aim of this note is to summarize the impacts of the health crisis on the Group’s business and performance, the judgments and assumptions made as well as the main effects of the crisis on the Group’s Consolidated Financial Statements. 3.1 Effects of the Covid-19 pandemic on Orange’s business and financial position The Covid-19 pandemic that affected France and the world in 2020 prompted the Group to rapidly implement actions to protect its employees, suppliers, subcontractors and customers and, further afield, all of its stakeholders. The implementation of these actions and the decisions taken by the governments of the countries in which the Group operates have affected Orange’s business and financial position. These consequences are not easily quantifiable as they are difficult to separate from other factors affecting the period However, in 2020, the main effects of the Covid-19 pandemic on the Group’s revenue are as follows: – – – – – With regard to the Group’s operating expenses, the main effects of the Covid-19 pandemic are: – – – – With regard to the Group’s investments, the main effects are a significant inflection in investments in the first half of the year, due to the slowdown or temporary postponement of a certain number of projects. 3.2 Main effects on the Consolidated Financial Statements at December 31, 2020 The main accounting estimates at December 31, 2020 during the preparation of the Orange group’s Consolidated Financial Statements concerned: – – – – The use of estimates and judgments as well as the main assumptions made are detailed in each of the relevant notes. At December 31, 2020, the main specific additional costs incurred by the management of the health crisis on operating income are described below. In external purchases, the main incremental costs are as follows: – – – Labor expenses include the payment to certain employees of specific bonuses related to the health crisis for (10) million euros. Other operating expenses also include increases in trade receivables impairment in accordance with IFRS 9 for (144) million euros of which (129) million euros related to telecom activities and (15) million euros related to Orange Bank activities. |
Gains and losses on disposal an
Gains and losses on disposal and main changes in scope of consolidation | 12 Months Ended |
Dec. 31, 2020 | |
Gains and losses on disposal and main changes in scope of consolidation [abstract] | |
Gains and losses on disposal and main changes in scope of consolidation | Note 4 Gains and losses on disposal and main changes in scope of consolidation 4.1 Gains (losses) on disposal of fixed assets, investments and activities (in millions of euros) 2020 2019 2018 Gains (losses) on disposal of fixed assets (see Note 9.1) 221 303 180 Gains (losses) on disposal of investments and activities 7 (26) 17 Gain (losses) on disposal of fixed assets, investments and activities 228 277 197 The results of the disposal of BT shares in 2018 and in 2019 are presented in net finance costs in the income statement and detailed in Note 13.7. 4.2 Main changes in the scope of consolidation Changes in the scope of consolidation during 2020 Squeeze-out offer on Business & Decision shares On May 28, 2020, Orange Business Services launched a mandatory public buyout offer for all the shares of Business & Decision not yet held by the Group, representing 6.38% of the capital. This offer closed on July 8 and was followed by the effective delisting of Business & Decision shares on July 13, 2020. Following this public buyout offer and the acquisition of the remaining shares of capital over the second half of the year for an amount of (4) million euros, Orange now holds 100% of the shares of Business & Decision. Changes in the scope of consolidation during 2019 Acquisitions of SecureLink and SecureData On January 31, 2019, Orange acquired a 100% equity interest in SecureData, a provider of cyber security solutions in the United Kingdom for 100 million euros. On July 8, 2019, the Group acquired 100% of SecureLink, an independent cyber security operator in Europe, for 377 million euros. At acquisition date SecureLink SecureData (in millions of euros) Acquisition cost 377 100 Cash acquired net of transaction costs (6) (5) Cash paid for investment securities, net of cash acquired 371 95 Goodwill was recognized in the amount of 392 million euros as a result of the acquisition of Securelink and 97 million euros as a result of the acquisition of SecureData, after allocation of the purchase price to identifiable assets acquired and liabilities assumed. At acquisition date SecureLink SecureData (in millions of euros) Acquisition cost (a) 377 100 Net book value acquired (153) (32) Effects of fair value measurement: Customer relationship (1) 181 43 Trademark — — Other intangibles — — Net deferred tax (43) (8) Net asset remeasured at fair value (b) (15) 3 Goodwill (a)-(b) 392 97 (1) Depreciation between 12 and 16 years according to the type of clients. Fair values were measured using the excess earnings method for the customer base. Goodwill was primarily related to the acquisition of future customers. The SecureLink and SecureData acquisition effect on revenue, in 2019, amounted to 154 million euros and 47 million euros, respectively. Business & Decision Since December 31, 2018, Orange has acquired 5.4% of the capital of Business & Decision for 3 million euros. At December 31, 2019, Orange owned 93.6% of the capital of Business & Decision. This change in the percentage share held by Orange with no gain, or loss, of control, was shown in the financing flows in the statement of cash flows. Sale of Orange Niger On November 22, 2019, Orange sold its 95.5% holding in Orange Niger to Zamani Com S.A.S, a company that is wholly owned by Orange Niger minority shareholders. This sale had no material impact on the Group's financial statements. Changes in the scope of consolidation during 2018 Basefarm acquisition On August 14, 2018, the Group acquired 100% of Basefarm for an amount of 234 million euros. (in millions of euros) At acquisition date Acquisition cost 234 Cash acquired net of transaction costs (4) Cash paid for investment securities, net of cash acquired 230 In accordance with IFRS 3R – Business Combinations, the fair value measurement of identifiable assets acquired and liabilities assumed was finalized during fiscal year 2019. The final allocation of the acquisition cost was as follow: (in millions of euros) At acquisition date Acquisition cost (a) 234 Net book value acquired (58) Effects of fair value measurement: Customer relationship (1) 58 Trademark (2) 28 Other intangibles (3) 7 Net deferred tax (25) Net asset remeasured at fair value (b) 10 Goodwill (a)-(b) 224 (1) Depreciation over 15 years . (2) Depreciation over 5 years . (3) Depreciation over 7 years . Fair value was measured using the relief from royalty method for the brand and the excess earnings method for the customer base. Goodwill was primarily related to future technologies and acquisition of future customers. This acquisition had no significant impact on revenue in 2018. Acquisition of Business & Decision Following the acquisition of Business & Decision on June 5, 2018 and the purchase of additional securities as part of the friendly tender offer finalized on July 19, 2018, the Group acquired a stake of 81.8% of the capital of Business & Decision at a price of 50 million euros. Furthermore, Orange signed an agreement to acquire 4.9% more of the capital. (in millions of euros) At acquisition date Acquisition cost 81.8% 50 Cash acquired net of transaction costs (18) Cash paid for investment securities, net of cash acquired 32 Goodwill was recognized in the amount of 29 million euros, after allocation of the purchase price to identifiable assets acquired and liabilities assumed: (in millions of euros) At acquisition date Acquisition cost 81.8 % 50 Fair value of non-controlling interests 12 Acquisition cost (a) 62 Net book value acquired 7 Effects of fair value measurement: Customer relationship (1) 18 Trademark (2) 8 Other intangibles (3) 4 Net deferred tax (4) Net asset remeasured at fair value (b) 33 Goodwill (a)-(b) 29 (1) Depreciation over 10 years . (2) Depreciation over 7 years . (3) Specific technology depreciated over 9 years . The residual goodwill was mainly related to workforce skills that could not be recognized separately. The effect of the acquisition of Business & Decision on revenue in 2018 amounted to 108 million euros. On July 19, 2018, Orange acquired 6.4% of the capital of Business & Decision for 4 million euros. As at December 31, 2018, Orange holds 88.2% of the capital of Business & Decision (93.1% including the shares under reciprocal promises). 4.3 On-going transactions Signing agreement of Orange Romania to acquire a controlling stake in Telekom Romania Communications Orange Romania has announced on November 9, 2020 the signing of a deal to acquire a controlling 54% stake in Telekom Romania Communications. This transaction aims at accelerating Orange’s ambitions to become a major convergent operator for customers in the Romanian market. The transaction price amounts to 268 million euros (on a debt-free, cash-free basis and is subject to customary adjustments at closing of the transaction). The closing of the transaction is subject to customary condition precedents, notably antitrust clearance by the European Commission and other relevant authorities and is a priori expected within the second half of 2021. Orange Concessions On January 22, 2021, Orange has entered into an exclusive agreement with La Banque des Territoires (Caisse des Dépôts) With regard to the disposal plan initiated by the Group and in accordance with the criteria established by the IFRS 5 standard, the Group considers that the criteria for classifying the related assets as “assets held for sale” are not met as of December 31, 2020. Conditional voluntary public takeover offer on shares of Orange Belgium On December 2, 2020, Orange has announced its intention to launch a conditional voluntary public tender offer on 47.09% of the capital of Orange Belgium, corresponding to the balance of the shares of Orange Belgium currently not held, at a price of 22 euros per share, in cash and without threshold conditions. It was submitted on January 21, 2021 for approval by the Financial Services and Markets Authority in Belgium (FSMA). If conditions were met, this offer could then lead to the delisting of the shares of Orange Belgium. Accounting policies Changes in the scope of consolidation Entities are fully consolidated if the Group has the following: – – – When assessing control, IFRS 10 requires judgment and continuous assessment. Clarifications of when the ownership interest does not imply a de facto presumption are provided in Note 20 which lists the main consolidated entities. Joint ventures and companies over which the Group exercises significant influence (generally corresponding to an ownership interest of 20% to 50%) are accounted for using the equity method. When assessing the level of control or significant influence exercised over a subsidiary or associate, the existence and effect of any exercisable or convertible potential voting rights at the closing date is taken into account. Takeovers (business combinations) Business combinations are accounted for using the acquisition method: – – " " " " " " For each business combination with an ownership interest below 100%, non-controlling interest is measured: – – Acquisition-related costs are directly recognized in operating income in the period in which they are incurred. When a business combination is achieved in stages, the previously held equity interest is re-measured at fair value at the acquisition date through operating income. The related other comprehensive income, if any, is fully reclassified to profit or loss. Internal transfer of consolidated shares IFRS do not address the accounting treatment for the transfer of consolidated shares within the Group resulting in changes in ownership interest. The Group applies the following accounting policy: – – Assets held for sale The Group qualifies an asset or group of assets as “held for sale” when: – – – Thus, when the Group is committed to a plan to sell involving the loss of control or significant influence over one of its assets, it classifies all assets and liabilities of the entities concerned under a separate line in the statement of financial position: "Assets/Liabilities held for sale", at a value equal to the lower of the net carrying value and the fair value net of disposal costs. In addition, when the asset or group of assets held for sale represents a major line of an operating segment, its contribution to the income statement is presented separately below “consolidated net income of continuing operations” and its cash flow contribution is presented in the statement of cash flows. |
Sales
Sales | 12 Months Ended |
Dec. 31, 2020 | |
Revenue [abstract] | |
Sales | 5.1 Revenue The presentation of revenue is disaggregated by category and segment in Note 1.1 “Segment information.” The breakdown of revenue by type is as follows: – – – – – – – Accounting policies Most revenue falls within the application scope of IFRS 15 “Revenue from contracts with customers.” Orange’s products and services are offered to customers under service-only contracts and contracts combining the equipment used to access services and/or other service offers. Revenue is recognized net of VAT and other taxes collected on behalf of governments. – Standalone service offers Orange offers its B2C and B2B customers a range of fixed and mobile telephony services, fixed and mobile Internet access offers and content offers (TV, video, media, added-value audio service, etc.). Some contracts are for a fixed term (generally twelve Service revenue is recognized when the service is provided, based on use (e.g. minutes of traffic or bytes of data processed) or the period (e.g. monthly service costs). Under some content offers, Orange may act solely as an agent enabling the supply by a third-party of goods or services to the customer and not as a principal in the supply of the content. In such cases, revenue is recognized net of amounts transferred to the third-party. Contracts with customers generally do not include a material right, as the price invoiced for contracts and the services purchased and consumed by the customer beyond the specific scope (e.g. additional consumption, options, etc.) generally reflect their standalone selling prices. There is no significant impact from contract modification for this type of service contract. Service obligations transferred to the customer at the same pace are treated as a single obligation. When contracts include contractual clauses covering commercial discounts (initial discount on signature of the lease or conditional on attaining a consumption threshold) or free offers (e.g. three months of subscription free of charge), the Group spreads these discounts or free offers over the enforceable period of the contract (period during which the Group and the customer have a firm commitment). Where applicable, the consideration payable to the customer is recognized as a deduction from revenue in accordance with the specific terms and conditions of each contract. If the performance obligations are not classified as distinct, the offer revenue is recognized on a straight-line basis over the contract term. One of the main applications of this method is the initial service connection in the context of a service contract and communication. It is not generally separable from the service contract and communication offer and is therefore recognized in income over the average term of the expected contractual relationship. – Separate equipment sales Orange offers its B2C and B2B customers several ways to buy their equipment (primarily mobile phones): equipment sales may be separate from or bundled with a service offer. When separate from a service offer, the amount invoiced is recognized in revenue on delivery and receivable immediately or in instalments over a period of up to 24 months. Where payment is received in instalments, the offer comprises a financial component and gives rise to the calculation of interest deducted from the amount invoiced and recognized over the payment period in net finance costs. Where Orange purchases and sells equipment to indirect channels, the Group generally considers that Orange maintains control until resale to the end-customer (the distributor acts as an agent), even where ownership is transferred to the distributor. Sale proceeds are therefore recognized when the end-customer takes possession of the equipment (on activation). – Bundled equipment and service offers Orange proposes numerous offers to its B2C and B2B customers comprising equipment (e.g. a mobile handset) and services (e.g. a communication contract). Equipment revenue is recognized separately from service revenue if the two components are distinct (i.e. if the customer can receive one or other of the services separately). Where one of the components in the offer is not at its separate selling price, revenue is allocated to each component in proportion to their individual selling prices. This is notably the case in offers combining the sale of a mobile phone at a reduced price, where the individual selling price of the mobile phone is considered equal to its purchase cost and logistics expenses plus a commercial margin based on market practice. The amount allocated to equipment sales is recognized under revenue on delivery in exchange for a contract asset, spread over the term of the service contract. The provision of a Livebox® (proprietary Internet box) is neither a separate component of the Internet access service offer nor a lease, as Orange maintains control of the box. – Services including a build and run phase For business clients, some contracts have two phases: construction and then management (operation and maintenance) of assets built and delivered to customers. Revenue recognition requires an analysis of the facts and circumstances of each contract in order to determine whether distinct performance obligations exist. Under these contracts, if the construction phase is classified as separate, the Group recognizes the revenue of this phase according to the percentage of completion. However, if the Group does not have a certain right to payment and/or if there is no continuous transfer of control of the asset under construction, then revenue for this phase is recognized upon completion. These contracts are generally multi-year, with scalable offers. On each contract modification, we assess the scope of the modification or its impact on the contract price in order to determine whether the modification should be treated as a distinct contract, as though the existing contract were terminated and a new contract signed, or whether the modification should be considered as a change to the existing contract. – Service offers to carriers (wholesale) Three types of commercial agreements are entered into with Carrier customers for domestic wholesale activities and International carrier offers: – pay-as-you-go model: contract generally applied to “legacy” regulated activities (bitstream call termination, local loop access, roaming and certain data solution contracts), where contract services are not covered by a firm volume commitment. Revenue is recognized as the services are provided (which relates to transfer of control) over the contractual term; – send-or-pay model: contract where the price, volume and term are defined. The customer has a commitment to pay the amount indicated in the contract irrespective of actual traffic consumed over the commitment period. This contract category notably includes certain MVNO (Mobile Virtual Network Operator), IDD (International Direct Dialing) or hubbing (call free floating) contracts. Related revenue is recognized progressively based on actual traffic during the period, to reflect transfer of control to the customer; – mix model: hybrid contract combining the “pay-as-you-go” and “send-or-pay” models, comprising a fixed entry fee paid by the customer providing access to preferential pricing conditions for a given volume (“send-or-pay” component). In addition to this entry fee, an amount is invoiced based on traffic consumption (“pay-as-you-go” component). The amount invoiced for the entry fee included in this type of commercial agreement is recognized progressively in revenue based on actual traffic over the period. Current agreements between major transit carriers are not billed or cross-billed (free peering) and are therefore not recognized in revenue. – Service level commitment clause The contracts entered into by Group and its customers include service level commitments regarding the processing of orders, delivery and after sales support (delivery time, performance, service reinstatement time). If the Group fails to comply with one of these commitments, it then pays compensation to the customer, which is usually a tariff reduction. The projected amount of these penalties is recognized as a deduction from revenue whenever it is expected that the commitment will not be fulfilled. – Public-private service concession arrangements The Group rolls out and/or operates certain networks under service concessions, such as the public initiative networks implemented in France to roll out fiber-optic networks in less populated areas. Some contracts are analyzed in accordance with IFRIC 12 “Service concession arrangements.” When the Group builds a network, construction revenue is recognized as counterparty to a right to receive a consideration from either a public entity or users of the public service. This right is accounted for as: – an intangible asset in respect of the right to receive payments from public service users amounting to the fair value of the corresponding infrastructure. This asset is amortized over the term of the contract; and/or – a financial receivable in respect of the unconditional right to receive royalties from the public entity, for the fair value of the consideration expected from the public entity. This receivable is recognized at amortized cost. – Leases Orange’s lease income is related either to its regulatory obligations to lease technical sites to its competitors, to the supply of equipment in certain contracts with business clients, or to the granting of rights of use meeting the criteria for leasing network equipment, i.e. occasional leases of surplus space in certain buildings to third parties. Lease revenues are recognized on a straight-line basis over the contract term, except for certain equipment leases to business clients, which are classified as finance leases; in such cases the equipment is considered sold on credit. |
Other operating income | 5.2 Other operating income (in millions of euros) 2020 2019 2018 Income from client collection 101 110 84 Net banking income (NBI) 79 55 56 Rebilling of network sharing costs 54 50 45 Tax credits and subsidies 31 33 42 Income from universal service 4 5 14 Other income 336 466 339 Total 604 720 580 Income from client collection mainly includes interest charged to customers for late payments and recovery of trade receivables previously recognized as loss. Net banking income (NBI) represents the net balance between banking products (fees charged to customers, interest from loans, banking activities retail commissions and other income from banking operations) and expenses from banking operations (interest paid in respect of bank loans, commissions paid and other expenses from banking operations). It is prepared in accordance with accounting practices that are commonly used in France in the banking sector. Other income is predominantly comprised of rebilling of network sharing costs and income relating to line damages. 5.3 Trade receivables (in millions of euros) 2020 2019 2018 Net book value of trade receivables in the opening balance 5,320 5,295 5,175 IFRS 9 transition impact — — (22) Net book value of trade receivables including IFRS 9 transition impact 5,320 5,295 5,153 Business related variations 379 1 65 Changes in the scope of consolidation 4 50 90 Translation adjustment (90) 28 (12) Reclassifications and other items 7 (53) (1) Net book value of trade receivables in the closing balance 5,620 5,320 5,295 Orange has set up non-recourse programs to sell its receivables due in instalments in several countries. These are no longer recorded on the balance sheet. The receivables sold mainly concern Spain, France and Poland and amounted to approximately 640 million euros in 2020, 690 million euros in 2019 and 615 million euros in 2018. Orange Spain has set up a non-recourse program with Orange Bank for the sale of receivables due in instalments, replacing an existing program with a third-party bank. This program led to derecognize these receivables from the balance sheet of Orange Spain (within telecom activities) in order to present them as customer loans and receivables within Mobile Financial Services activities (see Note 17.1.1). (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Net trade receivables depreciated according to their age 1,145 1,233 1,050 Net trade receivables depreciated according to other criteria 400 579 600 Net trade receivables past due 1,544 1,812 1,650 Not past due (1) 4,076 3,508 3,645 Net trade receivables 5,620 5,320 5,295 o/w short-term trade receivables 5,382 5,044 4,995 o/w long-term trade receivables (2) 238 276 300 o/w net trade receivables from telecom activities 5,620 5,320 5,295 o/w net trade receivables from Mobile Financial Services — — — (1) Not past due receivables are presented net of the balance of expected losses on trade receivables, which amounted to (56) million euros at December 31, 2020, (23) million euros at December 31, 2019 and (25) million euros at December 31, 2018. (2) Includes receivables from sales of handsets with payment on instalments that are payable in more than 12 months and receivables from equipment financial lease offers for business (see accounting policies). Shown below is the aging table of the net trade receivables which are past due and impaired according to their age: (in millions of euros) The Group assessed the risk of non-recovery of trade receivables at December 31, 2020 and recognized impairment and losses on trade receivables in the income statement for an amount of (383) million euros over the period, of which (129) million euros for telecom activities related to the effects of the health crisis. The health crisis linked to the Covid-19 pandemic has resulted in the provision of economic support measures for companies and individuals in a number of countries. Such measures have helped to partially reduce the risk of non-recovery of trade receivables at December 31, 2020, but reduce visibility of the extent of the expected deterioration of the economic environment (in particular the risk of corporate default). In view of the continuing uncertainty surrounding the economic environment, the Group has strengthened its monitoring of trade receivables in order to manage and adapt the recovery measures, which were gradually able to resume in 2020 in all customer segments in accordance with local legislation (having been temporarily suspended during the state of health emergency periods adopted in each country) and has sometimes granted a rescheduling of payment schedules to certain customers. For Mobile Financial Services, the effects of the health crisis on bank credit risk are described in Note 17.2.3. There is no change compared to December 31, 2019 in Orange’s belief that the concentration of counterparty risk related to customer accounts is limited due to the large number of customers, their diversity (residential, professional and large companies) and their various sectors of the economy, as well as their wide geographic distribution in France and abroad. The table below provides an analysis of the change in impairment for trade receivables in the statement of financial position: (in millions of euros) 2020 2019 2018 Allowances on trade receivables - in the opening balance (888) (816) (760) IFRS 9 transition impact — — (22) Allowances on trade receivables - including IFRS 9 transition impact (888) (816) (782) Net addition with impact on income statement (1) (383) (332) (286) Losses on trade receivables 275 271 255 Changes in the scope of consolidation 0 (1) (2) Translation adjustment 13 (5) (1) Reclassifications and other items 0 (5) (0) Allowances on trade receivables - in the closing balance (983) (888) (816) (1) The change in provision for expected losses, in accordance with IFRS 9, for the 2020 fiscal year amounts to (33) million euros in connection with the health crisis (it amounted to 2 million euros in 2019 and (3) million euros in 2018). Accounting policies Trade receivables are mainly short-term with no stated interest rate and are measured in the statement of financial position at original invoice amount, in accordance with IFRS 15. Those trade receivables which include deferred payment terms over 12 or 24 months for the benefit of customers buying a mobile telephone are discounted and classified as current items in the statement of financial position. Receivables from financial leases on equipment leased to companies are recognized as current operating receivables because they are acquired in the normal course of business. In order to meet the requirements of IFRS 9, the impairment of trade receivables is based on three methods: – – – Identification of impairment losses for a group of receivables represents the step preceding identification of impairment for individual receivables. As soon as information is available (clients in bankruptcy or subject to equivalent judicial proceedings), these receivables are then excluded from the statistical impairment database and individually impaired. The trade receivables may be part of non-recourse program. When they are sold to consolidated securitization mutual funds, they remain on the statement of financial position. Other sales to financial institutions may lead to their de-recognition in the event that legal ownership and almost all the risks and benefits of the receivables are transferred as described by IFRS 9. |
Trade receivables | 5.3 Trade receivables |
Customer contract net assets and liabilities | 5.4 Customer contract net assets and liabilities (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Customer contract net assets (1) 709 771 784 Costs of obtaining a contract 262 258 233 Costs to fulfill a contract 265 181 149 Total customer contract net assets 1,236 1,209 1,166 Prepaid telephone cards (197) (212) (221) Connection fees (589) (665) (706) Loyalty programs (25) (38) (38) Other deferred revenue (2) (1,158) (1,163) (1,025) Other customer contract liabilities (15) (15) (12) Total deferred revenue related to customer contracts (1,984) (2,093) (2,002) Total customer contract net assets and liabilities (748) (884) (836) (1) Assets net of remaining performance obligations. (2) Includes in particular subscription contracts. The following tables give an analysis of the balances of customer contract net assets and the costs of acquiring and fulfilling them in the financial statements. (in millions of euros) 2020 2019 2018 Customer contract net assets - in the opening balance 771 784 815 Business related variations (1) (60) (13) (36) Changes in the scope of consolidation — — — Translation adjustment (3) 1 (1) Reclassifications and other items (0) 0 6 Customer contract net assets - in the closing balance 709 771 784 (1) Mainly includes new contract assets net of related liabilities, transfer of net contract assets directly to trade receivables and impairment in the period. Below is presented the change in deferred income on customer contracts (prepaid telephone cards, service access fees, loyalty programs and other unearned income) in the statement of financial position. (in millions of euros) 2020 2019 2018 Deferred revenue related to customer contracts - in the opening balance 2,093 2,002 2,021 Business related variations (73) (20) (18) Changes in the scope of consolidation (1) — 101 7 Translation adjustment (31) 13 2 Reclassifications and other items (6) (3) (10) Deferred revenue related to customer contracts - in the closing balance 1,984 2,093 2,002 (1) In 2019, the changes in the scope of consolidation mainly concerned maintenance services paid in advance as part of the implementation of solutions at SecureLink. Accounting policies Customer contract net assets and liabilities The timing of revenue recognition may differ from customer invoicing. Trade receivables presented in the consolidated statement of financial position represent an unconditional right to receive consideration (primarily cash), i.e. the services and goods promised to the customer have been transferred. In contrast, contract assets mainly refer to amounts allocated under IFRS 15 as compensation for goods or services provided to customers, but for which the right to collect payment is subject to providing other services or goods under that same contract (or group of contracts). This is the case in a bundled offer combining the sale of a mobile phone and mobile communication services for a fixed period, where the mobile phone is invoiced at a reduced price leading to the reallocation of a portion of amounts invoiced for telephone communication services to the supply of the mobile phone. The excess of the amount allocated to the mobile phone over the price invoiced is recognized as a contract asset and transferred to trade receivables as the service is invoiced. Contract assets, like trade receivables, are subject to impairment for credit risk. The recoverability of contract assets is also verified, especially to cover the risk of impairment should the contract be interrupted. Recoverability may also be impacted by a change in the legal environment governing offers. Contract liabilities represent amounts paid by customers to Orange before receiving the goods and/or services promised in the contract. This is typically the case for advances received from customers or amounts invoiced and paid for goods or services not yet transferred, such as contracts payable in advance or prepaid contracts (previously recognized in deferred income). Customer contract assets and liabilities are presented, respectively, in current assets and current liabilities since they are a normal part of the Group’s operations. (in millions of euros) 2020 2019 2018 Costs of obtaining a contract - in the opening balance 258 233 250 Business related variations 11 21 (14) Changes in the scope of consolidation — 1 — Translation adjustment (7) 1 (3) Reclassifications and other items — 1 0 Costs of obtaining a contract - in the closing balance 262 258 233 (in millions of euros) 2020 2019 2018 Costs to fulfill a contract - in the opening balance 181 149 140 Business related variations 21 30 22 Changes in the scope of consolidation — — — Translation adjustment (12) 2 3 Reclassifications and other items (1) 75 — (16) Costs to fulfill a contract - in the closing balance 265 181 149 (1) Mainly includes reclassifications from prepaid expenses to contract fulfilment costs. Accounting policies Cost of obtaining a contract Where a telecommunication service contract is signed via a third-party distributor, this distributor may receive business provider remuneration, generally paid in the form of a commission for each contract or invoice-indexed commission. Where the Group considers the commission incremental and believes that it would not have been paid in the absence of the customer contract, the commission cost is estimated and capitalized in the balance sheet. It should be noted that the Group has adopted the simplification measure authorized by IFRS 15 to recognize the costs of obtaining contracts as an expense at the time they are incurred if the amortization period of the asset that the Group would have recognized in respect of them, does not exceed one year. The costs of obtaining fixed-period mobile service contracts are capitalized and recognized prorata temporis over the enforceable period of the contract, as these costs are generally incurred each time a customer renews the fixed period. The costs of obtaining fixed-line contracts for a pre-determined term for B2C market customers are expensed prorata temporis over the estimated period of the customer relationship. The costs of obtaining B2B and operator solution contracts are not material. Costs to fulfill a contract Contract fulfillment costs consist of all the initial contractual costs necessary to fulfill one or more performance obligations of a contract. These costs, when they are directly related to a contract, are capitalized and recognized prorata temporis over the enforceable period of the contract. At Group level, these costs mainly concern contracts for business clients, with, for example, design, installation, connection and migration fees that relate to a future performance obligation of the contract. The assumptions underlying the period over which the costs of fulfilling a contract are expensed are periodically reviewed and adjusted in line with observations; termination of the contractual relationship with the customer results in the immediate expensing of the remaining deferred costs. Where the carrying value of deferred costs exceeds the remaining consideration expected to be received for the transfer of the related goods and services, less expected costs relating directly to the transfer of these goods and services yet to be incurred, the excess amount is similarly immediately expensed. The following table presents the transaction price assigned to unfulfilled performance obligations at December 31, 2020. Unfulfilled performance obligations are the services that the Group is obliged to provide to customers during the remaining fixed term of the contract. As allowed by the simplification procedure under IFRS 15, these disclosures are only related to performance obligations with an initial term greater than one year. (in millions of euros) December 31, 2020 Less than one year 5,782 Between 1 and 2 years 2,570 Between 2 and 3 years 875 Between 3 and 4 years 520 Between 4 and 5 years 312 More than 5 years 306 Total remaining performance obligations 10,366 Accounting policies Unfulfilled performance obligations During allocation of the total contract transaction price to identified performance obligations, a portion of the total transaction price can be allocated to performance obligations that are unsatisfied or partially satisfied at the end of the reporting period. We have elected to apply certain available practical expedients when disclosing unfulfilled performance obligations, including the option to exclude expected revenues from unsatisfied obligations of contracts with an original expected duration of one year or less. These contracts are primarily monthly service contracts. In addition, certain contracts offer customers the ability to purchase additional services. These additional services are not included in the transaction price and are recognized when the customer exercises the option (generally on a monthly basis). They are not therefore included in unfulfilled performance obligations. Some multi-year service contracts with B2B and operator customers include fixed monthly costs and variable user fees. These variable user fees are excluded from the table of unfulfilled performance obligations. |
Deferred income | 5.5 Deferred income (in millions of euros) 2020 2019 2018 Deferred income in the opening balance 51 58 76 Business related variations (1) 115 (0) (42) Changes in the scope of consolidation — 0 2 Translation adjustment (3) (0) — Reclassifications and other items 1 (6) 22 Deferred income in the closing balance 165 51 58 (1) Including deferred income in 2020 under a transmission capacity agreement for an FTTH network in Spain . |
Other assets | 5.6 Other assets December 31, December 31, December 31, (in millions of euros) 2020 2019 2018 Advances and downpayments 116 101 84 Submarine cable consortiums (1) 258 168 130 Security deposits paid 93 93 97 Orange Money - isolation of electronic money (1) 825 613 497 Other (2) 545 408 473 Total 1,837 1,383 1,281 (1) These receivables are offset by the liabilities of the same amount (see accounting policies below and Note 6.7). (2) Including in 2020 a receivable under a transmission capacity agreement for an FTTH network in Spain. (in millions of euros) 2020 2019 2018 Other assets in the opening balance 1,383 1,281 1,204 Business related variations (1) 495 97 74 Changes in the scope of consolidation 0 0 7 Translation adjustment (32) 3 1 Reclassifications and other items (9) 2 (5) Other assets in the closing balance 1,837 1,383 1,281 o/w other non-current assets 136 125 129 o/w other current assets 1,701 1,258 1,152 (1) Including in 2020 a receivable under a transmission capacity agreement for an FTTH network in Spain. Accounting policies Other assets relating to “Submarine cable consortiums” Orange Money Since 2016, the Orange group has become an Electronic Money Issuer (“EMI”) in some of the countries in which it operates, via dedicated, approved, internal subsidiaries. Regulations state that EMIs, as last-resort guarantors for the reimbursement of e-money holders, are obliged to restrict the funds collected in exchange for the issue of e-money (obligation to protect holders). The e-money distribution model relies on Orange’s subsidiaries and third-party distributors. EMIs issue e-money (or units of value “UV”) at the request of these distributors in exchange for funds collected therefrom. The distributors then transfer the e-money to end holders. Within the Orange group, this restriction includes the protection of third-party holders (distributors and customers). These transactions have no impact on the Group's net financial debt and are listed under the following headings: – – These two headings are presented under “other assets” and “other liabilities” and under operating activities as “change in working capital requirement”. |
Related party transactions | 5.7 Related party transactions The French State, either directly or through Bpifrance Participations, is one of the main shareholders of Orange SA. The communication services provided to the French State are done so as part of a competitive process held for each service according to the nature of the service. They have no material impact on consolidated revenues. Transactions with associates and joint ventures are presented in Note 12. Accounting policies Orange group’s related parties are listed below: – – – |
Purchases and other expenses
Purchases and other expenses | 12 Months Ended |
Dec. 31, 2020 | |
Purchases and other expenses [abstract] | |
External purchases | 6.1 External purchases (in millions of euros) 2020 2019 (1) 2018 Commercial, equipment expenses and content rights (6,868) (7,293) (7,228) o/w costs of terminals and other equipment sold (3,575) (4,042) (4,123) o/w advertising, promotional, sponsoring and rebranding costs (736) (823) (850) Service fees and inter-operator costs (4,529) (4,608) (4,923) o/w interconnexion costs (3,186) (3,212) (3,335) Other network expenses, IT expenses (3,503) (3,253) (3,192) Other external purchases (2,791) (2,706) (3,220) o/w rental expenses (151) (241) (1,181) Total (17,691) (17,860) (18,563) (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). Accounting policies Firm purchase commitments are disclosed as unrecognized contractual commitments (see Note 16). Advertising, promotion, sponsoring, communication and brand development costs are recorded as expenses during the period in which they are incurred. At January 1, 2019, lease expenses include rental payments on leases with an enforceable period, with no option to extend, of 12 months or less, leases where the value, when new, of the underlying asset is less than approximately 5,000 euros, and variable lease payments which were not included in the measurement of the lease liability (see Note 10). |
Other operating expenses | 6.2 Other operating expenses (in millions of euros) 2020 2019 2018 Allowances and losses on trade receivables – telecom activities (383) (315) (277) Litigation (238) (107) (10) Cost of bank credit risk (31) (10) (7) Expenses from universal service (19) (21) (38) Acquisition and integration costs (1) (18) (17) — Operating foreign exchange gains (losses) 19 (4) 3 Other expenses (119) (124) (176) Total (789) (599) (505) (1) Since January 1, 2019, acquisition and integration costs are presented in other operating expenses. In 2018, those costs were presented in restructuring costs (see Note 6.3). Impairment and losses on trade receivables from telecom activities are detailed in Note 5.3. The cost of credit risk exclusively applies only to Mobile Financial Services and includes impairment charges and reversals on fixed-income securities, loans and receivables to customers as well as impairment charges and reversals relating to guarantee commitments given, losses on receivables and recovery of amortized debts. In the context of the health crisis, parameters used for the assessment of the credit risk have been updated (see Note 17.2.3). Expenses for legal disputes for which provisions or immediate payment have been made include the reassessment of the risk related to various disputes. (in millions of euros) 2020 2019 2018 Provisions for litigation - in the opening balance 643 572 779 Additions with impact on income statement 119 99 35 Reversals with impact on income statement (29) (8) (25) Discounting with impact on income statement 0 — 3 Utilizations without impact on income statement (1) (205) (22) (221) Changes in consolidation scope — 1 1 Translation adjustment (2) 0 3 Reclassifications and other items — 1 (3) Provisions for litigation - in the closing balance 525 643 572 o/w non-current provisions 46 45 67 o/w current provisions 479 598 505 (1) In 2020, mainly related to the Digicel litigation (see Note 18). In 2018, mainly related to the payment of the fine in Poland for 152 million euros. Payments related to some litigation are directly recorded in other operating expenses.The Group’s significant litigations are described in Note 18. Accounting policies Litigation In the ordinary course of business, the Group is involved in a number of legal and arbitration proceedings and administrative actions described in Note 18. The costs which may result from these proceedings are accrued at the reporting date if the Group has a present obligation towards a third party resulting from a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and the amount of that liability can be quantified or estimated within a reasonable range. The amount of provision recorded is based on a case-by-case assessment of the risk level, and events arising during the course of legal proceedings may require a reassessment of this risk. Where appropriate, litigation cases may be analyzed as contingent liabilities, which correspond to: – – Acquisition and integration costs Acquisition and integration costs are incurred at the time of acquisition of legal entities (costs linked to the acquisition of the entity, consultancy fees, training costs for new staff, migration costs associated with customer offers, labor expenses associated with the transition). They are incurred over a maximum period of 12 months following the acquisition date. |
Restructuring costs | 6.3 Restructuring and integration costs (in millions of euros) 2020 2019 2018 Restructuring costs (25) (132) (189) Departure plans (1) (15) (68) (30) Lease property restructuring (2) 2 5 (28) Distribution channels (3) (5) (26) (11) Other (8) (43) (120) Acquisition and integration costs (4) — — (10) Acquisition costs of investments — — (10) Total restructuring costs (25) (132) (199) (1) Mainly voluntary departure plans of Orange Polska in 2019 (approximately 2,100 people). (2) Essentially related to vacant leases in France. (3) Essentially concerns the costs related to the end of the relationship with some distributors. (4) From January, 1 2019, acquisition and integration costs are presented in "Other operating expenses". Some restructuring and integration costs are directly recorded in operating income and are not included in the following movements of provisions: (in millions of euros) 2020 2019 2018 Restructuring provisions - in the opening balance 216 389 377 Additions with impact on income statement 12 97 162 Reversals releases with impact on income statement (17) (13) (15) Discounting with impact on income statement 4 1 — Utilizations without impact on income statement (95) (124) (143) Translation adjustment (3) 1 (1) Reclassifications and other items (1) — (135) 9 Restructuring provisions - in the closing balance 117 216 389 o/w non-current provisions 53 96 230 o/w current provisions 64 120 159 (1) Starting January 1, 2019, following IFRS 16 application, restructuring provisions related to leases are presented in "Impairment of right-of-use assets". Only rental charges and taxes are presented in restructuring provisions. Accounting policies Restructuring costs The adjustment of Group activities in line with changes in the business environment may also incur other types of transformation costs. These actions may have a negative effect on the period during which they are announced or implemented; for instance but not limited to, some of the transformation plans approved by the internal governance bodies. Provisions are recognized only when the restructuring has been announced and the Group has drawn up or started to implement a detailed formal plan prior to the end of the reporting period. The types of costs approved by the Group as restructuring costs primarily consist of: – – – – – |
Broadcasting rights and equipment inventories | 6.4 Broadcasting rights and equipment inventories (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Handset inventories (1) 485 534 678 Other products/services sold 75 78 41 Available broadcasting rights 93 89 73 Other supplies 223 270 242 Gross value 874 970 1,034 Depreciation (60) (63) (69) Net book value 814 906 965 (1) Of which inventories treated as consignment with distributors amounting to 40 million euros as at December 31, 2020, 35 million euros as at December 31, 2019 and 49 million euros as at December 31, 2018. (in millions of euros) 2020 2019 2018 Net balance of inventories in the opening balance 906 965 827 Business related variations (1) (70) (64) 138 Changes in the scope of consolidation — 2 2 Translation adjustment (8) 2 (1) Reclassifications and other items (14) 1 (1) Net balance of inventories in the closing balance 814 906 965 (1) Business related variations include depreciations on inventories. Accounting policies Network maintenance equipment and equipment intended for sale to customers are measured at the lower of cost or likely realizable value. The cost corresponds to the purchase or production cost determined by the weighted average cost method. Handset inventories include inventories treated as consignment with distributors when these are qualified, for accounting purposes, as agents in the sales of handsets bought from the Group. Film or sports broadcasting rights are recognized in the statement of financial position when they are available for exhibition and expensed when broadcast. |
Prepaid expenses | 6.5 Prepaid expenses December 31, December 31, December 31, (in millions of euros) 2020 2019 2018 Prepaid external purchases 651 678 522 Other prepaid operating expenses 199 52 49 Total 850 730 571 (in millions of euros) 2020 2019 2018 Prepaid expenses in the opening balance 730 571 455 Business related variations 171 127 93 Changes in the scope of consolidation 0 65 6 Translation adjustment (12) 5 0 Reclassifications and other items (1) (40) (38) 17 Prepaid expenses in the closing balance 850 730 571 (1) Including the effect of the reclassification of prepaid expenses as costs to fulfill contracts (see Note 5.4). |
Trade payables | 6.6 Trade payables (in millions of euros) 2020 2019 2018 Trade payables in the opening balance 6,682 6,736 6,527 Business related variations (122) (85) 189 Changes in the scope of consolidation 1 36 18 Translation adjustment (80) 27 1 Reclassifications and other items (6) (32) 1 Trade payables in the closing balance 6,475 6,682 6,736 o/w trade payables from telecoms activities 6,395 6,580 6,635 o/w trade payables from Mobile Financial Services 80 102 101 Supplier payment terms are mutually agreed between the suppliers and Orange in accordance with the rules in force. Certain key suppliers and Orange have agreed to a flexible payment schedule which, for certain invoices, can be extended up to six months. Trade payables for goods and services and fixed assets that were subject to a payment extension, and which had an impact on the change in working capital requirements at the end of the period, amounted to approximately 435 million euros at December 31, 2020, 525 million euros at the end of 2019 and 325 million euros at the end of 2018. Accounting policies Trade payables resulting from trade transactions and settled in the normal operating cycle are classified as current items. They include those that have been financed by the supplier (with or without notification of transfer to financial institutions) under direct or reverse factoring, and those for which the supplier proposed an extended payment period to Orange and for which Orange confirmed the payment arrangement under the agreed terms. Orange considers these financial liabilities to carry the characteristics of trade payables, in particular due to the ongoing trade relationship, the payment schedules ultimately consistent with the operational cycle of a telecommunications operator in particular for the purchase of primary infrastructures, the supplier’s autonomy in the anticipated relationship and a financial cost borne by Orange that corresponds to the compensation of the supplier for the extended payment schedule agreed. For payables without specified interest rates, they are measured at nominal value if the interest component is negligible. For interest bearing payables, the measurement is at amortized cost. |
Other liabilities | 6.7 Other liabilities (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Provisions for litigations (1) 525 643 572 Cable network access fees (URI) 59 103 152 Submarine cable consortium (2) 258 168 130 Security deposits received 134 147 160 Orange Money – units in circulation (2) 823 613 497 Other 775 774 739 Total 2,574 2,448 2,250 o/w other non-current liabilities 307 353 462 o/w other current liabilities 2,267 2,095 1,788 (1) See Note 6.2. (2) These liabilities are offset by the receivables of the same amount (see accounting policies in Note 5.6). (in millions of euros) 2020 2019 2018 Other liabilities in the opening balance 2,448 2,250 2,456 Business related variations 176 190 (166) Changes in the scope of consolidation — 12 16 Translation adjustment (35) 4 (2) Reclassifications and other items (15) (8) (54) Other liabilities in the closing balance 2,574 2,448 2,250 |
Related party transactions | 6.8 Related party transactions Orange does not purchase goods or services from the French State (either directly or via Bpifrance Participations), except the use of spectrum resources. These resources are allocated after a competitive process. |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2020 | |
Employee benefits [abstract] | |
Employee benefits | Note 7 Employee benefits 7.1 Labor expenses (in millions of euros) Note 2020 2019 2018 Average number of employees (full-time equivalents) (1) 133,787 135,619 135,943 Wages and employee benefit expenses (8,331) (8,240) (8,828) o/w wages and salaries (6,224) (6,199) (6,017) o/w social security charges (2) (2,118) (2,079) (2,068) o/w French part-time for seniors plans 7.2 23 6 (773) o/w capitalized costs (3) 866 848 842 o/w other labor expenses (4) (879) (816) (812) Employee profit sharing (142) (181) (180) Share-based compensation 7.3 (18) (73) (66) Total in operating income (8,490) (8,494) (9,074) Net interest on the net defined liability in finance costs (12) (20) (16) Actuarial (gains)/losses in other comprehensive income (31) (109) 45 (1) Of whom 34% were Orange SA's French civil servants ( 36% at December 31, 2019 and 40% at December 31, 2018). (2) Net of approximately 85 million euros for competitiveness and employment tax credit for 2018 in France. (3) Capitalized costs correspond to labor expenses included in the cost of assets produced by the Group (see Notes 9.4 and 9.5). (4) Other labor expenses comprise other short-term allowances and benefits, payroll taxes, post-employment benefits and other long term benefits (except French part-time for seniors plans). 7.2 Employee benefits (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Post-employment benefits (1) 1,149 1,105 989 Other long-term benefits 1,407 1,867 2,434 o/w French part-time for seniors plans 802 1,233 1,784 Provisions for employment termination benefits 1 2 3 Other employee-related payables and payroll taxes due 1,779 1,782 1,715 Provisions for social risks and litigation 58 59 74 Total 4,395 4,815 5,215 o/w non-current employee benefits 2,202 2,554 2,823 o/w current employee benefits 2,192 2,261 2,392 (1) Does not include defined contribution plans. The payments to be made in respect of post-employment benefits and other long-term benefits are presented below. These are estimated based on Group headcounts as at December 31, 2020, including rights acquired and not acquired at December 31, 2020, but for which it is assumed the rights will be acquired by the year 2040 approximately: (in millions of euros) Schedule of benefits to be paid, undiscounted 2021 2022 2023 2024 2025 2026 and beyond Post-employment benefits 68 50 38 50 54 2,622 Other long-term benefits (1) 386 279 244 138 31 27 o/w French part-time for seniors plans 305 215 192 90 15 5 Total 454 330 283 188 85 2,649 (1) Provisions for Time Saving Account (CET) and long-term leave and long-term sick leave not included. 7.2.1 Types of post-employment benefits and other long-term benefits In accordance with the laws and practices in force in the countries where it operates, the Group has obligations in terms of employee benefits: – defined contribution plans – of annuity-based defined-benefit plans – capital-based defined benefit plans – other post-employment benefits – other long-term benefits French part-time for seniors plans The part-time for seniors plans are accessible to civil servants and employees under private contract from the French entities who are eligible for full retirement benefits within 3 to 5 years and who have at least 15 years service within the Group. Eligible employees are those who will retire no later than January 1, 2025. These plans give employees the opportunity to work 50% or 60% of a full-time job whilst receiving: – – – These plans last for a period of at least 18 months and no longer than five years. The beneficiaries may decide to invest part of their base compensation (5%, 10% or 15%) in a Time Savings Account (CET), with an additional Group contribution. The CET allows for a reduction in the amount of time worked. At December 31, 2020 33,000 employees had signed up for TPS, 26,100 of whom have already passed through it. The number of employees who are or will be participating in the French part-time for seniors plans and thus included in the provision, is estimated approximately at 9,950 employees. 7.2.2 Key assumptions used to calculate the amount of obligations The assessment of post-employment benefits and other long-term benefits is based on retirement age calculated in accordance with the provisions applicable to each plan and the necessary conditions to ensure entitlement to a full pension, both of which are often subject to legislative changes. The valuation of the obligation of the French part-time for seniors plans is sensitive to estimates of the potentially eligible population and to the sign-up rate for the plans (estimated at 70% on average), and the trade-offs that the beneficiaries will ultimately make between the different plans proposed. The discount rates used for the euro zone (which accounts for 86% of Orange’s pension and other long-term employee benefit obligations) are as follows: December 31, December 31, December 31, 2020 2019 2018 More than 10 years 0.55% to 0.90 % 0.70% to 0.90 % 1.70% à 1.85 % Less than 10 years -0.35% to 0.70 % (1) -0.33% to 0.70 % -0.20% à 1.30 % (1) A -0.25% rate has been used to value the obligation regarding the French part-time for seniors plans ( -0.25% as at December 31, 2019). The discount rates used for the euro zone are based on corporate bonds rated AA with a duration equivalent to the duration of the obligations. The increase in annuities of the Equant plans in the United Kingdom is based on inflation (2.90% used) up to 5%. The main capital-based defined benefit plan (retirement bonuses for employees under private-law contracts in France) is principally sensitive to employment policy assumptions (Orange has historically had high numbers of staff at retirement age). The estimated increase in the capital of this plan is based on a long-term inflation assumption of 2% associated with the effect of a higher “GVT” (acronym for Wage drift - Seniority - Job-skills). “Wage drift - Seniority - Job-skills” refers to annual change in total payroll costs independent of general or categorical increases in wages and salaries, due to in-grade promotions, out of grade promotions and the aging of existing staff. The impacts on pension benefit obligations of changes in key assumptions would be as follows: (in millions of euros) Rate increase by 50 points Rate decrease by 50 points Discount rates (1) (111) 123 Rate decrease by 5 % Rate increase by 5 % Sign-up rates for French part-time for seniors plans (2) (26) 26 (1) Includes 7 million euros for the French part-time for seniors plans (short term duration). (2) Sensitivity is performed on future entries in French part-time for seniors plans (TPS). 7.2.3 Commitments and plan assets (in millions of euros) Post-employment benefits Long-term benefits French part- Annuity- time for based Capital-based seniors plans plans plans Other (TPS) Other 2020 2019 2018 Total benefit obligations in the opening balance 543 1,003 17 1,233 634 3,430 3,837 3,727 Service cost 1 60 0 32 57 150 146 786 Net interest on the defined benefit liability 6 12 0 (3) 1 17 27 23 Actuarial losses/(gains) arising from changes of assumptions 17 49 — 37 (0) 102 82 (34) o/w arising from change in discount rate 34 29 — (0) 1 63 182 (38) Actuarial losses/(gains) arising from experience 1 (11) — (92) (1) (1) (103) 5 78 Benefits paid (21) (33) (1) (405) (95) (555) (687) (746) Translation adjustment and other (18) (4) (0) 0 10 (11) 20 3 Total benefit obligations in the closing balance (a) 529 1,076 17 802 605 3,029 3,430 3,837 o/w benefit obligations in respect of employee benefit plans that are wholly or partly funded 529 20 — — — 549 562 507 o/w benefit obligations in respect of employee benefit plans that are wholly unfunded — 1,056 17 802 605 2,480 2,868 3,330 Weighted average duration of the plans (in years) 13 14 18 2 3 8 9 6 (1) In 2020, actuarial gains related to experience effects take into account a slowdown in the number of entries into the TPS plans. (in millions of euros) Post-employment benefits Long-term benefits French part- Annuity- time for based Capital-based seniors plans plans plans Other (TPS) Other 2020 2019 2018 Fair value of plan assets in the opening balance 458 0 — — — 458 414 409 Net interest on the defined benefit liability 6 0 — — — 6 8 7 (Gains)/Losses arising from experience 25 0 — — — 25 26 2 Employer contributions 18 — — — — 18 16 16 Benefits paid by the fund (18) — — — — (18) (19) (17) Translation adjustment and other (16) — — — — (16) 13 (3) Fair value of plan assets in the closing balance (b) 473 1 — — — 474 458 414 Funded annuity-based plans represent 18 % of Group social commitments. The funded annuity-based plans are primarily located in the United Kingdom (63%) and France (36%) and their assets are broken down as follows: Employee benefits in the statement of financial position correspond to commitments less plan assets. These have not been subject to asset ceiling adjustment for the periods presented. (in millions of euros) Post-employment benefits Long-term benefits French part- Annuity- Capital- time for based based seniors plans plans plans Other (TPS) Other 2020 2019 2018 Employee benefits in the opening balance 85 1,003 17 1,233 634 2,972 3,423 3,318 Net expense for the period 1 72 1 (26) 57 105 117 889 Employer contributions (18) — — — — (18) (16) (16) Benefits directly paid by the employer (3) (33) (1) (405) (95) (538) (668) (729) Actuarial (gains)/losses generated during the year through other comprehensive income (7) 38 — — — 31 109 (45) Translation adjustment and other (2) (4) (0) 0 10 4 7 6 Employee benefits in the closing balance - Net unfunded status (a) - (b) 56 1,076 17 802 605 2,556 2,972 3,423 o/w non-current 34 1,031 16 497 596 2,174 2,397 2,722 o/w current 22 45 1 305 9 382 575 701 The following table discloses the net expense: (in millions of euros) Post-employment benefits Long-term benefits French part- Annuity- Capital- time for based based seniors plans plans plans Other (TPS) Other 2020 2019 2018 Service cost (1) (60) (0) (32) (57) (151) (146) (786) Net interest on the net defined benefit liability (1) (12) (0) 3 (1) (11) (19) (16) Actuarial gains/(losses) — — — 55 1 57 48 (87) Total (1) (72) (1) 26 (57) (105) (117) (889) o/w expenses in operating income (1) (60) (0) 23 (56) (94) (98) (873) o/w net interest on the net defined liability in finance cost (1) (12) (0) 3 (1) (11) (19) (16) Accounting policies Post-employment benefits – – – their calculation is based on demographic (employee turnover, mortality, gender parity, etc.) and financial assumptions (salary increases, rate of inflation, etc.) defined at the level of each entity concerned; – the discount rate is defined by country or geographical area and by reference to market yields on high quality corporate bonds (or government bonds where no active market exists). Its computation is based on external indices commonly used as reference for the Eurozone; – actuarial gains and losses on post-employment benefits are fully recorded in other comprehensive income; – the Group’s defined benefit plans are generally not financed. In the rare cases where they are, hedging plan assets are set up by employer and employee contributions which are managed by separate legal entities whose investments are subject to fluctuations in the financial markets. These entities are generally administrated by joint committees comprising representatives of the Group and of the beneficiaries. Each committee adopts its own investment strategy which is designed to strike the optimum strategies to match assets and liabilities, based on specific studies performed by external experts. It is generally carried out by fund managers selected by the committees and depends on the market opportunities. Assets are measured at fair value, determined by reference to quoted prices, since they are mostly invested in listed securities (primarily shares and bonds) and the use of other asset categories is limited. Other long-term benefits may be granted Termination benefits 7.3 Share-based payment Free share award plans in force at December 31, 2020 The Board of Directors approved the implementation of free share award plans (Long Term Incentive Plan – LTIP ) reserved for the Executive Committee, Corporate Officers, and Senior Management holding the positions of "Executives" and "Leaders". Main characteristics LTIP 2020 - 2022 LTIP 2019 - 2021 LTIP 2018 - 2020 Implementation date by the Board of Directors July 29, 2020 July 24, 2019 July 25, 2018 Number of free share units (1) 1.7 million 1.7 million 1.7 million Estimated number of beneficiaries 1,300 1,200 1,200 Acquisition date of the rights by the beneficiaries December 31, 2022 December 31, 2021 December 31, 2020 Delivery date of the shares to the beneficiaries March 31, 2023 March 31, 2022 March 31, 2021 (1) In countries where the regulations, tax codes or labor laws do not permit awards of stock, the beneficiaries of the plan will receive a cash value based on the exchange-traded price of Orange stock at the delivery date of the shares. Condition of continued employment The allocation of rights to beneficiaries is subject to a condition of continued employment: LTIP 2020 - 2022 LTIP 2019 - 2021 LTIP 2018 - 2020 Assessment of the employment continuation From January 1, 2020 From January 1, 2019 From January 1, 2018 to December 31, 2022 to December 31, 2021 to December 31, 2020 Performance conditions Depending on the plans, the allocation of rights to beneficiaries is subject to the achievement of internal and external performance conditions, namely: – – 2 – Rights subject to the achievement of performance conditions (as a % of the total entitlement): LTIP 2020 - 2022 LTIP 2019 - 2021 LTIP 2018 - 2020 Organic cash-flow from telecom activities 40 % 50 % 50 % Total Shareholder Return (TSR) 40 % 50 % 50 % Corporate Social Responsability (CSR) 20 % — — All performance conditions have been met or are estimated to be met at the end of the three years of the plan, with the exception of the condition relating to organic cash flow from telecom activities for fiscal year 2018 and the condition relating to the TSR of the LTIP 2018 – 2020. Valuation assumptions LTIP 2020 - 2022 LTIP 2019 - 2021 LTIP 2018 - 2020 Measurement date July 29, 2020 July 24, 2019 July 25, 2018 Vesting date December 31, 2022 December 31, 2021 December 31, 2020 Price of underlying instrument at measurement date 10.47 euros 13.16 euros 13.98 euros Price of underlying instrument at closing date 9.73 euros 9.73 euros 9.73 euros Expected dividends (% of the share price) 6.7 % 5.3 % 5.0 % Risk free yield (0.61) % (0.70) % (0.33) % Fair value per share of benefit granted to employees 6.06 euros 7.80 euros 11.23 euros o/w fair value of internal performance condition 8.58 euros 11.10 euros 11.94 euros o/w fair value of external performance condition 2.27 euros 4.50 euros 4.50 euros For the portion of the plan issued in the form of shares, fair value was determined based on the market price of Orange shares on the date of allocation and the expected dividends discounted to December 31, 2020. Fair value also takes into account the likelihood of achievement of the market performance conditions, determined on the basis of a model constructed using the Monte Carlo method. For the portion of the plan issued in cash, at December 31, 2020, fair value was determined based on the market price of Orange shares at the closing date. Accounting effect In 2020, an expense of (15) million euros (including social contributions) was recognized with corresponding entries in equity (13 million euros) and in social debts (2 million euros). In 2019, an expense of (10) million euros (including social contributions) was recognized with corresponding entries in equity (8 million euros) and in social debts (2 million euros). In 2018, an expense of (3) million euros (including social contributions) was recognized with corresponding entries in equity (3 million euros) and in social debts (0 million euros). Orange Vision 2020 free share award plan and LTIP 2017 - 2019 In 2017, the Board of Directors approved the implementation of a free share award plan (AGA) reserved for employees, as well as a free share award plan (LTIP) reserved for the Executive Committee, Corporate Officers and Senior Management. The shares were delivered to the beneficiaries on March 31, 2020, with the exception, for the LTIP 2017-2019, of Corporate Officers for whom delivery took place after the Company's Shareholders' Meeting of May 19, 2020. Main characteristics FSA 2017 - 2019 LTIP 2017 - 2019 Implementation date by the Board of Directors October 26, 2017 July 26, 2017 Maximum number of free share units (1) 9.2 millions 1.6 million Number of free share units delivered at delivery date (1) 6.8 millions 1.2 million Estimated number of beneficiaries (2) 144,000 1,200 Acquisition date of the rights by the beneficiaries December 31, 2019 December 31, 2019 Delivery date of the shares to the beneficiaries March 31, 2020 March 31, 2020 (1) In countries where the regulations, tax codes or labor laws do not permit awards of stock, the beneficiaries of the plan received a cash value based on the exchange-traded price of Orange stock at the delivery date of the shares, on March 31, 2020. (2) Present in 87 countries. Condition of continued employment The allocation of rights to beneficiaries was subject to a condition of continued employment: FSA 2017 - 2019 LTIP 2017 - 2019 LTIP 2017 - 2019 Employee members Coporate officers and "Executives" and members of the "Leaders" Beneficiaries Executive Committee From September 1, 2017 From January 1, 2017 From July 15, 2017 Assessment of the employment continuation to December 31, 2019 to December 31, 2019 to December 31, 2019 Performance conditions Depending on the plans, the allocation of rights to beneficiaries was subject to the achievement of internal and external performance conditions, namely: – – – Rights subject to the achievement of performance conditions (as a % of the total entitlement): FSA 2017 - 2019 LTIP 2017 - 2019 Adjusted EBITDA includng banking activities 50 % — Organic cash-flow from telecom activities 50 % 50 % Total Shareholder Return (TSR) — 50 % Performance was assessed for the years 2017, 2018 and 2019 in relation to the budget for each of these three years, as approved in advance by the Board of Directors. All performance conditions were met except for the condition relating to organic cash flow from telecom activities for fiscal year 2018. Hypothèses de valorisation FSA 2017 - 2019 LTIP 2017 - 2019 Measurement date October 26, 2017 July 26, 2017 Vesting date December 31, 2019 December 31, 2019 Price of underlying instrument at measurement date 13.74 euros 14.33 euros Price of underlying instrument at vesting date 13.12 euros 13.12 euros Price of underlying instrument at delivery date 11.14 euros 11.14 euros Expected dividends (% of the share price) 4.5 % 4.5 % Risk free yield (0.45) % (0.32) % Fair value per share of benefit granted to employees 12.45 euros 9.55 euros o/w fair value of internal performance condition 12.45 euros 12.81 euros o/w fair value of external performance condition — 6.29 euros For the portion of the free share award plan issued in the form of shares, fair value was determined based on the market price of Orange shares on the date of award and the expected dividends discounted to December 31, 2019. The fair value also took into account the likelihood of achieving the market performance condition, determined on the basis of a model constructed using the Monte Carlo method. For that part of the plans remitted in the form of cash, the fair value was determined on the basis of the Orange share price at March 31, 2020. Accounting effect The cost of the plans including social security contributions is presented below: (in millions of euros) 2020 2019 2018 2017 FSA 2017 - 2019 (1) 6 (53) (52) (11) LTIP 2017 - 2019 (2) 1 (6) (6) (3) (1) With corresponding entries in equity for 87 million euros and in employee-related payables for 23 million euros settled on delivery of the shares in 2020. (2) With corresponding entries in equity for 12 million euros and in employee-related payables for 2 million euros settled on delivery of the shares in 2020. Other plans The other share-based compensation and similar plans implemented in the Orange group are not material at Group level. Accounting policies Employee share-based compensation The determined amount is recognized in labor expenses on a straight-line basis over the vesting period, with as counterparty: – – 7.4 Executive compensation The following table shows the compensation booked by Orange SA and its controlled companies to persons who were members of Orange SA’s Board of Directors or Executive Committee at any time during the year or at the end of the year. (in millions of euros) December 31, December 31, December 31, 2020 (4) 2019 2018 Short-term benefits excluding employer social security contributions (1) (16) (13) (15) Short-term benefits: employer’s social security contributions (5) (4) (5) Post-employment benefits (2) (0) (0) (0) Share-based compensation (3) (2) (2) (1) (1) Includes all compensation: gross salaries including the variable component, bonuses, attendance fees and benefits in kind, incentive scheme and profit-sharing, cash settled Long Term Incentive Plan (LTIP) in 2020 and 2018. (2) Service cost. (3) Includes employee shareholding plans and shares settled Long Term Incentive Plan (LTIP). (4) In 2020, an amount of (2) million euros relating to termination benefits was paid. These termination benefits are not presented in the compensation table above. The total amount of retirement benefits (contractual retirement bonuses and defined-benefit supplementary pension plan) provided in respect of persons who were members of the Board of Directors or Executive Committee at the end of the year was 4 million euros (6 million euros in 2019 and 6 million euros in 2018). Executive Committee members’ contracts include a clause providing for a contractual termination settlement not exceeding 15 months of their total gross annual compensation (including the contractual termination benefit). Stéphane Richard, Chairman and Chief Executive Officer, has no employment contract, and the employment contracts of Deputy CEOs were suspended on the date of their appointment as corporate officers. These employment contracts may be reinstated at the end of their terms of office, with recovery of rights. Orange has not acquired any other goods or services from persons who are or were at any time during the year or at the end of the fiscal year, members of the Board of Directors or Executive Committee of Orange SA (or any parties related thereto). |
Impairment of goodwill
Impairment of goodwill | 12 Months Ended |
Dec. 31, 2020 | |
Goodwill [abstract] | |
Impairment of goodwill | Note 8 Impairment losses and goodwill 8.1 Impairment losses (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Jordan — (54) (56) Total of impairment of goodwill — (54) (56) The impairment tests on Cash-Generating Units (CGUs) may result in impairment losses on goodwill and on fixed assets (see Note 9.3). At December 31, 2020 At December 31, 2020, impairment tests did not result in the Group recognizing any impairment losses. At December 31, 2019 In Jordan, the 54 million euros impairment of goodwill reflected, as it had in 2018, the effects of an uncertain political and economic climate and heavy competitive pressure on the fixed and mobile data markets. The net carrying value of tested assets was brought down to the value in use of current and long-term assets at 100% at December 31, 2019 (0.8 billion euros). In Egypt, the reversal of 89 million euros of impairment on fixed assets primarily reflected an improvement in the country's economic situation (see Note 9.3). At December 31, 2018 In Jordan, the 56 million euros impairment of goodwill mostly reflected the effects of an uncertain political and economic climate and heavy competitive pressure on the fixed and mobile data markets. The net carrying value of tested assets was brought down to the value in use of current and long-term assets at 100% at December 31, 2018 (0.7 billion euros). In Niger, the value of the telecommunication market continued to fall in a business environment that remained challenging. The economic and financial position of the Company led it, as a precaution, to recognize a fixed-asset impairment in the amount of 43 million euros to cover Orange’s exposure using our best current estimation. 8.2 Goodwill (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Accumulated impairment Gross value losses Net book value Net book value Net book value France 14,377 (13) 14,364 14,364 14,364 Europe 13,463 (3,951) 9,512 9,537 9,420 Spain 6,986 (114) 6,872 6,872 6,840 Romania 1,806 (570) 1,236 1,236 1,236 Slovakia 806 — 806 806 806 Belgium 1,049 (713) 336 350 298 Poland 2,672 (2,536) 136 140 111 Moldova 76 — 76 83 79 Luxembourg 68 (19) 50 50 50 Africa & Middle East 2,510 (1,066) 1,443 1,481 1,542 Burkina Faso 428 — 428 428 428 Côte d’Ivoire 417 (42) 375 375 375 Morocco 253 — 253 257 251 Sierra Leone 118 — 118 134 152 Jordan 257 (154) 103 112 163 Cameroon 134 (90) 44 44 44 Other 903 (781) 122 131 129 Enterprise 2,871 (647) 2,225 2,245 1,830 International Carriers & Shared Services 18 — 18 18 18 Mobile Financial Services 35 — 35 — — Goodwill 33,273 (5,678) 27,596 27,644 27,174 (in millions of euros) December 31, December 31, December 31, Note 2020 2019 2018 Gross value in the opening balance 33,579 32,949 32,687 Acquisitions 26 520 353 Disposals — (4) (12) Translation adjustment (331) 111 (39) Reclassifications and other items — 3 (40) Gross value in the closing balance 33,273 33,579 32,949 Accumulated impairment losses in the opening balance (5,935) (5,775) (5,776) Impairment 8.1 — (54) (56) Disposals — 4 12 Translation adjustment 257 (110) 45 Accumulated impairment losses in the closing balance (5,678) (5,935) (5,775) Net book value of goodwill 27,596 27,644 27,174 8.3 Key assumptions used to determine recoverable amounts The key operational assumptions reflect past experience and expected trends: unforeseen changes have in the past affected, and could continue to significantly affect, these expectations. In this respect, the review of expectations could affect the margin of recoverable amounts over the carrying value tested (see Note 8.4) and result in impairment losses on goodwill and fixed assets. In 2020, the Group updated its financial trajectories. The entire strategic plan will be updated in 2021. The discount rates and growth rates to perpetuity – – a fall in Europe due, on the one hand, to interest rates lowered by central banks in response to the crisis, and on the other hand, a fall in betas due to the minimal reaction of European telecom operators to changes in the indices, – an increase in the Africa and Middle East region, where country risk premiums tend to increase as investors seek lower risk; – At December 31, 2020, business plans and key operating assumptions were sensitive to the following: – – – – – – changes in the political situation and security with their resulting negative economic impacts on the overall business climate. The parameters used to determine the recoverable amount of the main consolidated activities or the activities most sensitive to the assumptions of the impairment tests are as follows: Belgium/ December 31, 2020 France Spain Poland Enterprise Luxembourg Romania Morocco Basis of recoverable amount Value in use Fair value Value in use Source used Internal plan NA Internal plan Methodology Discounted cash flow NA Discounted cash flow Perpetuity growth rate 0.8 % 1.5 % 1.5 % 0.3 % NA 2.3 % 2.8 % Post-tax discount rate 5.5 % (1) 6.5 % 7.3 % 7.5 % NA 7.5 % 7.3 % Pre-tax discount rate 7.4 % 8.1 % 8.5 % 10.2 % NA 8.5 % 8.6 % Sierra December 31, 2019 France Spain Poland Enterprise Belgium Leone Liberia Basis of recoverable amount Value in use Source used Internal plan Methodology Discounted cash flow Perpetuity growth rate 0.8 % 1.5 % 1.5 % 0.3 % 0.5 % 3.8 % 3.8 % Post-tax discount rate 6.0 % (1) 7.3 % 8.3 % 7.5 % 7.5 % 13.0 % 13.0 % Pre-tax discount rate 8.1 % 9.1 % 9.7 % 10.0 % 9.6 % 15.9 % 15.9 % December 31, 2018 France Spain Poland Enterprise Belgium Romania Egypt Basis of recoverable amount Value in use Source used Internal plan Methodology Discounted cash flow Perpetuity growth rate 0.8 % 1.5 % 1.0 % 0.3 % 0.5 % 2.3 % 4.0 % Post-tax discount rate 6.0 % (1) 7.0 % 8.0 % 7.5 % 6.8 % 8.3 % 13.8 % Pre-tax discount rate 7.8 % 8.8 % 9.5 % 10.2 % 8.6 % 9.3 % 16.1 % (1) The after-tax discount rate for France includes a corporate tax reduction of 25.82% by 2022. The fair value of the Belgium/Luxembourg entity was defined on the basis of the conditional voluntary public tender offer for the shares of Orange Belgium SA launched on January 21, 2021. The Group’s listed subsidiaries are Orange Polska (Warsaw Stock Exchange), Orange Belgium (Brussels Stock Exchange), Jordan Telecom (Amman Stock Exchange) and Sonatel (Regional Stock Exchange (BRVM)). The aggregated share of these subsidiaries, which publish their own regulated information, is less than or equal to 20% of the consolidated revenue, operating net 8.4 Sensitivity of recoverable amounts The correlation between operating cash flow and investment capacity means that the sensitivity of net cash flow is used. Cash flow for the terminal year forming a significant part of the recoverable amount, a change of plus or minus 10% in these cash flows is presented as a sensitivity assumption. Cash flow is cash provided by operating activities net of acquisitions and disposals of property, plant and equipment and intangible assets (including tax at a standard rate, repayment of lease liabilities and debts related to financed assets, related interest expenses and excluding other interest expenses). A sensitivity analysis was carried out on the main consolidated activities or the activities most sensitive to the assumptions of the impairment tests and is presented below to enable readers of the financial statements to estimate the effects of their own estimates. Changes in cash flow, perpetual growth rates or discount rates exceeding the sensitivity levels presented have been observed in the past. Decrease in th e discounted cash Increase in discount rate Decrease in the perpetual growth flows of the terminal value for the recoverable amount to be rate order for the recoverable amount to equal to the net carrying value (in amount to be equal to the net be equal to the net carrying value basis points) carrying value (in basis points) (in %) December 31, 2020 France +141 bp (124) bp -28 % Spain +1 bp (1) bp 0 % Poland +189 bp (151) bp -23 % Enterprise +1,067 bp (1,691) bp -82 % Romania +49 bp (49) bp -9 % Morocco +354 bp (433) bp -53 % Belgium NA NA NA December 31, 2019 France +252 bp (243) bp -34 % Spain +54 bp (63) bp -11 % Poland +200 bp (178) bp -24 % Enterprise +1,130 bp (1,783) bp -74 % Belgium +856 bp (711) bp -69 % Sierra Leone +50 bp (86) bp -9 % Liberia +83 bp (154) bp -15 % December 31, 2018 France +347 bp (399) bp -48 % Spain +144 bp (173) bp -26 % Poland +354 bp (312) bp -33 % Belgium +301 bp (324) bp -38 % Enterprise +1,299 bp (3,573) bp -88 % At December 31, 2020, the fair value of the Belgium/Luxembourg entity was defined in the context of the conditional voluntary public tender offer for all shares of Orange Belgium SA launched on January 21, 2021. Sensitivity analyzes, calculated on cash flows and financial parameters, are therefore not relevant for these CGUs at December 31, 2020. A change of one euro in the reference price per share used to calculate the fair value of the Belgium/Luxembourg entity would have an effect on the recoverable amount of 0.1 billion euros. At December 31, 2020, the value in use of the Spain CGU was revised based on the key valuation assumptions established by the new local governance. This valuation exercise was carried out in a particularly competitive market, marked by an erosion in average revenue per user and the effects of the current health crisis. The revision of the assumptions resulted in a value in use equal to the carrying value of the assets tested, without however requiring any impairment. A sensitivity analysis was carried out on each of the following criteria, taken individually: – – – This sensitivity analysis revealed a risk of impairment estimated at between 15% and 30% of the net value of goodwill according to the criteria retained taken individually. The same analysis was carried out on: – – The other entities not listed above, with the exception of the Orange brand, presented in Note 9.3, each account for less than 3% of the recoverable amount of the consolidated entities. Accounting policies Goodwill recognized as an asset in the statement of financial position comprises the excess calculated: – – Goodwill is not amortized. It is tested for impairment at least annually and more frequently when there is an indication that it may be impaired. Thus, changes in general economic and financial trends, the different levels of resilience of the telecommunication operators with respect to the deterioration of local economic environments, changes in the market capitalization of telecommunication operators, as well as financial performance compared to market expectations represent external impairment indicators that are analyzed by the Group, together with internal performance indicators, in order to assess whether an impairment test should be performed more than once a year. These tests are performed at the level of each Cash-Generating Unit (CGU) (or group of CGUs). These generally correspond to business segments or to each country in the Africa and Middle East region and Europe. This is reviewed if the Group changes the level at which it monitors return on investment for goodwill testing purposes. To determine whether an impairment loss should be recognized, the carrying value of the assets and liabilities of the CGUs or groups of CGUs is compared to their recoverable amount, for which Orange uses mostly the value in use. Value in use is estimated as the present value of the expected future cash flows. Cash flow projections are based on economic and regulatory assumptions, license renewal assumptions and sales activity and investment forecasts drawn up by the Group’s management, as follows: – three- -five-year – – The key operating assumptions used to determine the value in use are common across Group’s business segments. Key assumptions for most CGUs include: – – – Tested net carrying values include goodwill, land and assets with finite useful lives (property, plant and equipment, intangible assets and net working capital requirements including intra-group balances). The Orange brand, an asset with an indefinite useful life, is subject to a specific test, see Note 9.3. If an entity partially owned by the Group includes goodwill attributable to non-controlling interests, the impairment loss is allocated between the shareholders of Orange SA and the non-controlling interests on the same basis as that on which profit or loss is allocated (i.e. ownership interest). Impairment loss for goodwill is recorded definitively in operating income. |
Fixed assets
Fixed assets | 12 Months Ended |
Dec. 31, 2020 | |
Other intangible assets and property, plant and equipment [abstract] | |
Fixed assets | Note 9 Fixed assets 9.1 Gains (losses) on disposal of fixed assets (in millions of euros) 2020 2019 2018 Transfer price 444 610 224 Net book value of assets sold (223) (307) (44) Proceeds from the disposal of fixed assets (1) 221 303 180 (1) In 2020, the gains on disposal of fixed assets related to the sale and leaseback transactions amount to 143 million euros (195 million euros as December 31, 2019) and mainly comprise property asset disposals in France as well as mobile site disposals in Spain. These transactions fall within the context of the Group asset portfolio review. 9.2 Depreciation and amortization (in millions of euros) Depreciation and amortization of intangible assets (in millions of euros) Depreciation and amortization of property, plant and equipment (in millions of euros) Accounting policies Assets are amortized to expense their cost (generally with no residual value deducted) on a basis that reflects the pattern in which their future economic benefits are expected to be consumed. The straight-line basis is usually applied. The useful lives are reviewed annually and are adjusted if current estimated useful lives differ from previous estimates. This may be the case for outlooks on the implementation of new technologies (for example, the replacement of copper local loop by optical fiber). These changes in accounting estimates are recognized prospectively. Main assets Depreciation period (average) Brands acquired Up to 15 years, except for the Orange brand with an indefinite useful life Customer bases acquired Expected life of the commercial relationship: 3 to 16 years Mobile network licenses Grant period from the date when the network is technically ready and the service can be marketed Indefeasible Rights of Use of submarine and terrestrial cables Shorter of the expected period of use and the contractual period, generally less than 20 years Patents 20 years maximum Software 5 years maximum Development costs 3 to 5 years Buildings 10 to 30 years Transmission and other network equipment 5 to 10 years Copper cables, optical fiber and civil works 10 to 30 years Computer hardware 3 to 5 years 9.3 Impairment of fixed assets (in millions of euros) 2020 2019 2018 France (15) — — International Carriers & Shared Services (7) — — Poland (7) (12) 1 Niger — — (43) Egypt 1 89 (4) Other (2) (4) (2) Total of impairment of fixed assets (30) 73 (49) The impairment of fixed assets resulting from impairment tests on Cash-Generating Units (CGUs) are described in Note 8.1. Key assumptions and sensitivity of the recoverable amount of the Orange brand The key assumptions and sources of sensitivity used in the assessment of the recoverable amount of the Orange brand are similar to those used for the goodwill of consolidated activities (see Note 8.3), which affect the revenue base and potentially the level of brand royalties. Other assumptions that affect the assessment of the recoverable amount are as follows: December 31, December 31, December 31, 2020 2019 2018 Basis of recoverable amount Value in use Value in use Value in use Source used Internal plan Internal plan Internal plan Methodology Discounted net fees Discounted net fees Discounted net fees Perpetuity growth rate 1.2 % 1.1 % 1.2 % Post-tax discount rate 6.9 % 7.4 % 7.4 % Pre-tax discount rate 8.3 % 8.8 % 8.8 % The sensitivity analysis did not highlight any risk of impairment of the Orange brand. Accounting policies Given the nature of its assets and businesses, most of the Group’s individual assets do not generate cash flow independent of the cash flows generated by Cash-Generating Units. The recoverable amount is therefore determined at the level of the CGU (or group of CGUs) to which the assets belong, according to a method similar to that described for goodwill. The Orange brand has an indefinite useful life and is not amortized but is tested for impairment at least annually. Its recoverable amount is assessed based on the expected contractual royalties (and included in the business plan) discounted in perpetuity, less the costs attributable to the brand’s owner. 9.4 Other intangible assets (in millions of euros) December 31, 2020 December 31, December 31, 2019 2018 Accumulated depreciation and Accumulated Net book Net book Net book Gross value amortization impairment value value value Telecommunications licenses 12,168 (5,800) (46) 6,322 6,043 5,917 Software 13,149 (8,842) (19) 4,288 4,250 4,046 Orange brand 3,133 — — 3,133 3,133 3,133 Other brands 1,099 (121) (899) 78 88 89 Customer bases 5,265 (4,785) (11) 469 597 449 Other intangible assets 2,564 (1,543) (177) 844 626 439 Total 37,378 (21,090) (1,152) 15,135 14,737 14,073 (in millions of euros) 2020 2019 2018 Net book value of other intangible assets - in the opening balance 14,737 14,073 14,339 Acquisitions of other intangible assets 2,935 2,385 1,895 o/w telecommunications licenses (1) 969 519 200 Impact of changes in the scope of consolidation (2) 31 328 69 Disposals (4) (10) (0) Depreciation and amortization (2,309) (2,286) (2,256) Impairment (3) (24) 88 (10) Translation adjustment (176) 106 7 Reclassifications and other items (55) 52 29 Net book value of other intangible assets - in the closing balance 15,135 14,737 14,073 (1) Relates in 2020 to the acquisition of the 5G license for 875 million euros in France and in Slovakia for 37 million euros. In 2019, related to licenses for 296 million euros in Spain, for 119 million euros in Burkina Faso and for 82 million euros in Guinea. In 2018, related to the acquisition of the 5G license for 142 million euros in Spain. (2) In 2019, mainly relates to the effects of SecureLink and SecureData acquisition (see Note 4.2). (3) Includes impairment detailed in Note 8.1. Internal costs capitalized as intangible assets Internal costs capitalized as intangible assets relate to labor expenses and amounted to 405 million euros in 2020, 389 million euros in 2019 and 382 million euros in 2018. Information on telecommunications licenses at December 31, 2020 Orange’s principal commitments under licenses awarded are disclosed in Note 16. (in millions of euros) Residual Gross value Net book value useful life (1) 5G 875 870 14.9 LTE (2) 2,180 1,596 10.8 to 15.9 UMTS 914 159 0.7 and 9.4 GSM 266 3 0.5 France 4,235 2,628 5G 459 459 10.0 and 17.9 LTE 529 328 10.0 to 10.3 GSM 285 123 10.0 Spain 1,273 910 LTE 745 494 7.0 to 10.1 UMTS 365 43 3.0 GSM 131 45 6.6 and 8.5 Poland 1,241 582 LTE 413 317 11.0 UMTS 142 46 11.0 GSM 401 114 11.0 Egypt 956 477 LTE 60 47 14.2 UMTS 28 11 11.5 GSM 744 170 10.3 Morocco 832 228 LTE 184 101 8.3 UMTS 91 50 8.3 GSM 292 120 8.3 Romania 567 271 LTE 82 51 9.4 UMTS 132 73 4.2 to 12.3 GSM 177 87 8.0 Jordan 391 211 LTE (2 licenses) 140 90 6.4 and 12.9 UMTS 149 2 0.3 GSM 76 2 0.2 Belgium 365 94 5G 37 37 4.5 and 19.5 LTE 76 44 8.9 UMTS 46 12 1.6 to 5.4 GSM 66 15 4.7 Slovensko 225 108 Other 2,083 813 Total 12,168 6,322 (1) In number of years, at December 31, 2020. (2) Comprises the 700 MHz license of which the spectrum is technologically neutral. Accounting policies Intangible assets mainly consist of acquired brands, acquired customer bases, telecommunications licenses and software, as well as operating rights granted under certain concession agreement. Intangible assets are initially recognized at acquisition or production cost. The payments indexed to revenue, especially for some telecommunications licenses, are expensed in the relevant periods. The operating rights granted under certain concession arrangements are booked under other intangible assets and give right to charge users of the public service (see Note 5.1). 9.5 Property, plant and equipment (in millions of euros) December 31, 2020 December 31, December 31, 2019 2018 Accumulated depreciation and Accumulated Net book Net book Net book Gross value amortization impairment value value value Networks and terminals 90,991 (64,999) (167) 25,825 25,137 23,962 Land and buildings 7,295 (5,067) (210) 2,018 2,026 2,479 IT equipment 3,942 (3,140) (0) 801 803 817 Other property, plant and equipment 1,687 (1,251) (6) 431 456 435 Total property, plant and 103,915 (74,456) (384) 29,075 28,423 27,693 (in millions of euros) 2020 2019 2018 Net book value of property, plant and equipment - in the opening balance 28,423 27,693 26,665 IFRS 16 transition impact (1) — (574) — Net book value of property, plant and equipment - including IFRS 16 transition impact 28,423 27,119 26,665 Acquisitions of property, plant and equipment 5,848 6,181 5,883 o/w finance leases — — 136 o/w financed assets 241 144 — Impact of changes in the scope of consolidation (2) 0 (52) 63 Disposals and retirements (154) (164) (44) Depreciation and amortization (4,880) (4,838) (4,791) o/w fixed assets (4,825) (4,824) (4,791) o/w financed assets (55) (14) — Impairment (3) (6) (15) (39) Translation adjustment (319) 115 (27) Reclassifications and other items 164 78 (17) Net book value of property, plant and equipment - in the closing balance 29,075 28,423 27,693 (1) Following IFRS 16 application as of January 1, 2019, financial lease contracts have been reclassified in right-of-use assets. (2) Mainly relates in 2019 to the disposal of Orange Niger. In 2018, mainly related to Basefarm entities acquisition (see Note 4.2). (3) Includes impairment detailed in Note 8.1. Financed assets Financed assets include as of December 31, 2020 the set-up boxes in France which are financed by an intermediary bank: they meet the standard criterion of a tangible asset according to IAS 16. The debts associated to these financed assets are presented in financial liabilities and are included in the definition of the net financial debt. Property, plant and equipment held under finance leases Property, plant and equipment held under finance leases amounted to 574 million euros at December 31, 2018, of which 423 million euros related to “Land and buildings” “Networks and terminals” “IT equipment”. Internal costs capitalized as property, plant and equipment Internal costs capitalized as property, plant and equipment relate to labor expenses and amounted to 462 million euros in 2020, 459 million euros in 2019 and 460 million euros in 2018. Accounting policies Property, plant and equipment are made up of tangible fixed assets and financed assets. They mainly comprise network facilities and equipment. The gross value of property, plants and equipment is made up of their acquisition or production cost, which includes study and construction fees as well as enhancement costs that increase the capacity of equipment and facilities. Maintenance and repair costs are expensed as incurred, except where they serve to increase the asset’s productivity or extend its useful life. The cost of property, plant and equipment also includes the estimated cost of dismantling, removing and restoring the site occupied due to the obligation incurred by the Group. The roll-out of assets by stage, especially for network assets, in the Group’s assessment, does not generally require a substantial period of preparation. As a result, the Group does not generally capitalize the interest expense incurred during the construction and acquisition phase for its property, plant and equipment and intangible assets. In France, the regulatory framework governing the optical fiber network roll-out (Fiber To The Home – FTTH) organizes the access by commercial operators to the last mile of networks rolled-out by another operator on a co-funding basis ( ab initio a posteriori The Group has entered into network sharing arrangements with other mobile operators on a reciprocal basis, which may cover passive infrastructure sharing, active equipment or even spectrum. As a reminder, before applying IFRS 16, the accounting principles related to the assets acquired in form of finance lease and in operating lease were the following: The assets acquired in form of finance lease did not affect the cash flow on acquisition. However, the subsequent rental payments during the leasing period represented interest payments (cash flow on operating activities) and capital repayments (cash flow on financing activities). The majority of the assets held under finance lease were office and network buildings. The land and buildings hosting radio sites could belong to the Group, or be held through a finance lease, or be available under an operating lease or be simply made available. The lease agreements of office buildings and points of sale generally were qualified as operating leases and the future lease payments were disclosed as unrecognized contractual commitments. Simultaneously the equipment, very often generic, of which the risks and rewards of ownership are transferred from the Group to third parties via a lease, was considered as sold. 9.6 Fixed assets payables (in millions of euros) 2020 2019 2018 Fixed assets payable in the opening balance 3,665 3,447 3,656 Business related variations (1) 1,002 200 (230) Changes in the scope of consolidation (0) (14) 0 Translation adjustment (50) 29 8 Reclassifications and other items 23 3 13 Fixed assets payable in the closing balance 4,640 3,665 3,447 o/w long-term fixed assets payable 1,291 817 612 o/w short-term fixed assets payable 3,349 2,848 2,835 (1) Includes 725 million euros in 2020 for the acquisition of the 5G license in France. Accounting policies These payables are generated from trading activities. The payment terms can be over several years in the case of infrastructure roll-out and license acquisition. The payables due in more than 12 months are presented in non-current items. For payables without specified interest rates, they are measured at nominal value if the interest component is immaterial. For interest bearing payables, the measurement is at amortized cost. Trade payables also include those that the supplier may have sold with or without notifying financial institutions in a direct or reverse factoring arrangement (see Note 6.6). Firm purchase commitments are disclosed as unrecognized contractual commitments(see Note 16), net of any prepayment, which are recognized as prepayment on fixed assets. 9.7 Dismantling provisions The asset dismantling obligations mainly relate to restoration of mobile telephony antenna sites, dismantling of telephone poles, treatment of electrical and electronic equipment waste and dismantling of telephone booths. (in millions of euros) 2020 2019 (1) 2018 Dismantling provisions - in the opening balance 827 776 789 Provision reversal with impact on income statement (0) (0) — Discounting with impact on income statement 2 5 13 Utilizations without impact on income statement (12) (24) (15) Changes in provision with impact on assets (2) 79 67 (19) Changes in the scope of consolidation — — — Translation adjustment (10) 2 (3) Reclassifications and other items 16 2 11 Dismantling provisions - in the closing balance 901 827 776 o/w non-current provisions 885 812 765 o/w current provisions 16 15 11 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). (2) Included in 2018 extinctions of obligations for (66) million euros. Accounting policies The Group is required to dismantle technical equipment and restore technical sites. When the obligation arises, a dismantlement asset is recognized in compensation for the dismantling provision. The provision is based on dismantling costs (on a per-unit basis for telephone poles, terminals and telephone booths, and on a per-site basis for mobile antennas) incurred by the Group to meet its environmental commitments over the asset dismantling and site restoration planning. The provision is assessed on the basis of the identified costs for the current fiscal year, extrapolated for future years using the best estimate of the commitment settlement. This estimate is revised annually and adjusted where appropriate against the asset to which it relates. The provision is present-discounted at a rate set by geographical area and equal to the average rate of risk-free investments in 15-year State bonds. In case of extinguishment of the obligation, the provision is reversed in compensation for the net carrying value of the dismantling asset and of the net carrying value of the underlying assets if the dismantling asset is less than the reversal of the provision. |
Lease agreements
Lease agreements | 12 Months Ended |
Dec. 31, 2020 | |
Presentation of leases for lessee [abstract] | |
Lease agreements | Note 10 Lease agreements In the course of its activities, the Group regularly enters into leases as a lessee. These leases concern the following asset categories: − − − − Accounting policies The main accounting positions relating to the IFRS IC Committee's decision published in December 2019 on the terms of IFRS 16 leases are set out in Note 2.3.1. As a reminder, the new IFRS 16 "Leases" has been mandatory since January 1, 2019. The main effects of the implementation of IFRS 16 compared to the principles previously applied under IAS 17 (former standard) relate to the recognition of leases as lessee (see effects on the financial statements presented in Note 2.3.1). IFRS 16, which defines a lease as a contract that confers to the lessee the right to control the use of an identified asset, significantly changes the recognition of these contracts in the financial statements. Lease recognition rules for lessors are unchanged compared with IAS 17. All leases are recognized in the balance sheet as an asset reflecting the right to use the leased assets and a corresponding liability reflecting the related lease liabilities (see Notes 10.1 and 10.2). In the consolidated income statement, depreciation of right-of-use assets (see Note 10.1) is presented separately from the interest expenses on lease liabilities. In the consolidated statement of cash flows, cash outflows relating to interest expenses impact operating cash flows, while repayments of the lease liability impact financing cash flows. On first-time application, the Group adopted the simplified retrospective method and applied the following authorized practical expedients: − − − When the Group carries out a transaction qualified as sale and leaseback in accordance with IFRS 16, a right-of-use asset is recognized in proportion to the previous carrying value of the asset corresponding to the right-of-use asset retained as counterparty to a lease liability. A gain (or loss) on disposal of fixed assets is recognized in the income statement in proportion to the rights transferred to the buyer-lessor. The adjustment of the gain (or loss) on disposal recognized in the income statement for the share on which the Group retains its user rights via the lease relates to the difference between the right-of-use asset and the lease liability recognized in the balance sheet. Finally, the Group applies the two exemptions provided for in IFRS 16, concerning leases with a term of 12 months or less and leases where the value, when new, of the underlying asset is less than approximately 5,000 euros. Leases covered by either of these exemptions are presented in off-balance sheet commitments and an expense is recognized in external purchases in the consolidated income statement. The Group classifies as a lease a contract that confers to the lessee the right to control the use of an identified asset for a given period, including a service contract if it contains a lease component. The Group has defined four major categories of leases: − three − − − 10.1 Right-of-use assets (in millions of euros) December 31, 2020 December 31, 2019 Gross value Accumulated Accumulated Net book Net book value depreciation impairment value and amortization Land and buildings 7,035 (1,937) (233) 4,865 4,959 Networks and terminals 2,540 (609) — 1,931 1,524 IT equipment 120 (90) (0) 30 29 Other right-of-use 304 (121) (0) 184 188 Total right-of-use assets 9,999 (2,757) (233) 7,009 6,700 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). (in millions of euros) 2020 2019 (1) Net book value of right-of-use assets - in the opening balance 6,700 6,790 Increase (new right-of-use assets) 1,529 1,014 Impact of changes in the scope of consolidation 1 18 Depreciation and amortization (2) (1,384) (1,274) Impairment (3) (57) (33) Impact of changes in the assessments 331 187 Translation adjustment (104) 26 Reclassifications and other items (7) (28) Net book value of right-of-use assets - in the closing balance 7,009 6,700 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). (2) Including in 2020, right-of-use assets depreciation and amortization expenses of land and buildings for (947) million euros, networks and terminals for (358) million euros, IT equipment for (13) million euros and other right-of-use assets for (65) million euros. Including in 2019, right-of-use assets depreciation and amortization expenses of land and buildings for (908) million euros, networks and terminals for (301) million euros, IT equipment for (12) million euros and other right-of-use assets for (53) million euros. (3) Impairment losses on right-of-use assets concern real estate leases qualified as onerous contracts. In 2020, the rental expense recognized in external purchases in the income statement amounts to (151) million euros compared to (241) million euros in 2019. It includes lease payments on contracts of 12 months or less, contracts where the new value of the underlying asset is less than 5,000 euros, and variable lease payments which were not figured into the measurement of the lease liability. Accounting policies A right-of use is recognized as an asset, with a corresponding lease liability (see Note 10.2). This right-of-use asset is equal to the amount of the lease liability, plus any direct costs incurred under certain leases such as fees, lease negotiation expenses or administration costs and less rent-free period liabilities and lessor financial contributions. Work performed by the lessee and modifications to the leased asset, as well as guarantee deposits, are not components of the right-of-use asset and are recognized in accordance with other standards. Finally, the right-of-use asset is amortized in the consolidated income statement on a straight-line basis over the lease term adopted by the Group. 10.2 Lease liabilities As of December 31, 2020, lease liabilities amount to 7,371 million euros, including non-current lease liabilities of 5,875 million euros and current lease liabilities of 1,496 million euros. (in millions of euros) 2020 2019 (1) Lease liabilities - in the opening balance 6,932 6,531 Increase with counterpart in right of use 1,582 1,580 Impact of changes in the scope of consolidation 1 18 Decrease in lease liabilities following rental payments (1,400) (1,429) Impact of changes in the assessments 326 187 Translation adjustment (96) 24 Reclassifications and other items 26 21 Lease liabilities - in the closing balance 7,371 6,932 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). The following table details the undiscounted future cash flows of lease liabilities: (in millions of euros) December 2021 2022 2023 2024 2025 2026 and 31, 2020 beyond Undiscounted lease liabilities 8,025 1,581 1,273 1,047 879 763 2,482 Accounting policies The Group recognizes a liability (i.e. a lease liability) at the date the underlying asset is made available. This lease liability is equal to the present value of fixed and in-substance fixed payments not paid at that date, plus any amounts that Orange is reasonably certain to pay at the end of the lease, such as the exercise price of a purchase option (where it is reasonably certain to be exercised), or penalties payable to the lessor for terminating the lease (where such termination option is reasonably certain to be exercised). The Group only takes the lease component into account when measuring the lease liability. For certain asset classes where leases include both service and lease components, the Group may recognize a single contract, classified as a lease (i.e. without distinguishing between the service and lease components). Orange systematically determines the lease term as the period during which leases cannot be canceled, plus periods covered by any extension options that the lessee is reasonably certain to exercise and by any termination options that the lessee is reasonably certain not to exercise. In the case of “3/6/9” leases in France, the term adopted is assessed on a contract-by-contract basis. This period is also defined taking into account any laws and practices specific to each jurisdiction and business sector regarding the firm lease commitment term granted by lessors. The Group nonetheless assesses the enforceable period, based on the circumstances of each lease, taking into account certain indicators such as the existence of more than insignificant penalties in the event of termination by the lessee. To determine the length of this enforceable period, the Group considers the economic importance of the leased asset and the assumptions made in its strategic plan. When non-removable leasehold improvements have been made to leased assets, the Group assesses, on a case-by-case basis, whether these improvements provide an economic benefit when determining the enforceable period of the lease. When a lease includes a purchase option, the Group considers the enforceable period to be equal to the useful life of the underlying asset where the Group is reasonably certain to exercise the purchase option. For each lease, the discount rate used is determined based on the yield rate on government bonds in the lessee country, in accordance with the lease term and currency, to which the Group’s credit spread is added. After the lease commencement date, the amount of the lease liability may be reassessed to reflect changes introduced in the following main cases: − − − − |
Taxes
Taxes | 12 Months Ended |
Dec. 31, 2020 | |
Major components of tax expense (income) [abstract] | |
Taxes | Note 11 Taxes 11.1 Operating taxes and levies 11.1.1 Operating taxes and levies recognized in the income statement (in millions of euros) 2020 2019 2018 Territorial Economic Contribution, IFER (1) (795) (758) (820) Spectrum fees (341) (329) (309) Levies on telecommunication services (319) (276) (286) Other operating taxes and levies (469) (465) (425) Total (1,924) (1,827) (1,840) (1) Including (320) million euros regarding the company value-added contribution in 2020. Although comprising a directly identifiable counterpart, the periodic spectrum fees are presented within the operating taxes and levies as they are set by and paid to the States and Local Authorities.The breakdown of operating taxes and levies per geographical area is the following: (in millions of euros) 11.1.2 Operating taxes and levies in the statement of financial position (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Value added tax 966 996 953 Other operating taxes and levies 138 94 74 Operating taxes and levies - receivables 1,104 1,090 1,027 Value added tax (652) (649) (647) Territorial Economic Contribution, IFER and similar taxes (1) (87) (90) (94) Spectrum fees (21) (22) (29) Levies on telecommunication services (128) (118) (113) Other operating taxes and levies (391) (408) (439) Operating taxes and levies - payables (1,279) (1,287) (1,322) Operating taxes and levies - net (175) (197) (295) (1) Including ( 19 ) million euros regarding the company value-added contribution in 2020. Developments in tax disputes and audits In the same way as other telecom operators, the Group regularly deals with disagreements concerning the taxation of its network in various countries. Orange in Spain is involved in various tax disputes related to local taxes on mobile and fixed services: − − Changes in operating taxes and levies (in millions of euros) 2020 2019 2018 Net operating taxes and levies (payables) in the opening balance (197) (295) (217) Operating taxes and levies recognized in profit or loss (1,924) (1,827) (1,840) Operating taxes and levies paid 1,929 1,939 1,777 Changes in the scope of consolidation — 3 (13) Translation adjustment 20 (16) (3) Reclassifications and other items (3) (1) 1 Net operating taxes and levies (payables) in the closing balance (175) (197) (295) Accounting policies VAT (Value Added Tax) receivables and payables correspond to the VAT collected or deductible from the various states. Collections and repayments to states have no impact on the income statement. In the normal course of business, the Group regularly deals with differences of interpretation of tax law with the tax authorities, which can lead to tax reassessments or tax disputes. Operating taxes and levies are measured by the Group at the amount expected to be paid or recovered from the tax authorities of each country, based on its interpretation with regard to the application of tax legislation. The Group calculates the tax assets, liabilities and accruals recognized in the statement of financial position based on the technical merits of the positions it defends versus that of the tax authorities. 11.2 Income taxes 11.2.1 Income taxes (in millions of euros) 2020 2019 2018 Orange SA tax group 1,556 (875) (702) • Current tax 1,801 (559) (595) • Deferred tax (246) (316) (107) Spanish tax group (146) (123) (164) • Current tax (40) (84) (65) • Deferred tax (106) (39) (99) Africa & Middle East (341) (296) (255) • Current tax (343) (294) (258) • Deferred tax 2 (1) 3 United Kingdom (137) (66) (66) • Current tax (75) (66) (66) • Deferred tax (63) (0) (0) Other subsidiaries (83) (86) (122) • Current tax (99) (89) (128) • Deferred tax 16 3 6 Total Income taxes 848 (1,447) (1,309) • Current tax 1,245 (1,093) (1,112) • Deferred tax (396) (354) (197) In 2020, the Orange group's current tax amounted to 1,245 million euros and included tax income of 2,246 million euros related to the tax dispute in France for fiscal years 2005-2006. In the absence of this income, the tax expense for the Orange group would be (1,397) million euros (including (1,001) million euros in current tax), and the tax expense for the Orange SA tax group would be (690) million euros (including (444) million euros in current tax expense). The breakdown of current tax by geographical area or by tax group (excluding the 2,246 million euros tax income related to the 2005-2006 tax dispute) is the following: (in millions of euros) Orange SA tax group The corporate income tax rate applicable for the 2020 fiscal year was 32.02%. The decrease in the tax rate in France resulted in a reduction in the current tax expense of (36) million euros in 2020. In 2019, the tax rate was 34.43%. As part of the law enacted on July 11, 2019 concerning the creation of a digital services tax, the French government instituted an exceptional new measure maintaining the corporate income tax rate of 34.43% for the 2019 fiscal year instead of the 32.02% corporate tax rate originally planned. This measure resulted in an additional tax expense for the Group of (35) million euros in 2019. In 2018, the tax rate was 34.43%. Current tax expense The current tax expense reflects the requirement to pay income tax calculated on the basis of 100% of taxable income due to the depletion of tax loss carry forwards. In 2020, the current tax expense included tax income of 2,246 million euros, as a result of the decision issued by the Conseil d'État Deferred tax expense Deferred taxes are recorded at the tax rate expected at the time of their reversal. The 2018 French Finance Act, that passed in late December 2017, included a gradual reduction in the corporate tax rate with an expected tax rate of 25.82% as of 2022 for the Group. The 2021 Finance Law passed at the end of December 2020 confirms the trajectory initially planned, i.e. a rate of 28.41% in 2021 and a rate of 25.82% from 2022. Developments in tax disputes and audits in France Tax audits Orange SA was subject to a tax audit covering fiscal years 2015 to 2016. An amending proposal was issued covering the calculation of trademark fees paid by Orange SA to the British company Orange Brand Services Ltd and deducted from its taxable income. The administration questions the inclusion of revenue from the roaming contract with Free and revenue from the fixed PSTN business. This rectification request is contested by Orange SA, which has requested the opening of out-of-court proceedings and arbitration between the French and British tax authorities. The additional tax charge would effectively result in double taxation that would fail to comply with the provisions of the Franco-British tax agreement and the European arbitration agreement. Orange SA is currently subject to a tax audit covering fiscal years 2017 to 2018. Disputes in progress concerning fiscal years 2000-2006 In the context of the absorption of Cogecom by Orange SA and pursuant to an adverse ruling by the Court of Montreuil on July 4, 2013 which triggered the payment of the amounts claimed by the Tax authority, Orange SA had to pay in 2013 the remaining balance on principal and late payment interest claimed for a total amount of 2.1 billion euros. Over the last few years, the main developments in terms of legal proceedings brought before the Versailles Administrative Court of Appeal were the following: – concerning fiscal years 2000-2004: – in a ruling given on July 24, 2018, the Administrative Court of Appeal of Versailles upheld the request from Orange. As the Tax administration did not appeal in cassation, this litigation is now closed. The accounting consequences were taken into account in the 2018 consolidated financial statements with no material impact. – concerning fiscal years 2005-2006: – in a ruling of February 18, 2016, the Administrative Court of Appeal of Versailles upheld the judgment of July 4, 2013, despite the contrary conclusions of the appointed Rapporteur Conseil d’État – in a ruling dated December 5, 2016, the Conseil d’État – in a ruling dated July 24, 2018, the Administrative Court of Appeal of Versailles made an adverse decision against Orange, despite the contrary conclusions of the appointed Rapporteur Conseil d’État – in a ruling dated November 13, 2020, the Conseil d'État Spanish tax group Current tax expense The corporate tax rate applicable is 25% and the current income tax expense mainly represents the obligation to pay a minimum level of tax calculated on the basis of 75% of taxable income due to the 25% restriction on the utilization of tax loss carry forwards. Deferred tax expense In 2020, a deferred tax expense of (102) million euros was recognized to reflect the negative impact on the recoverable amount of deferred taxes of updated business plans projections (see Note 8). In 2019 , a deferred tax expense of (42) million euros was recognized to reflect evolution of future perspectives for the recoverability of the deferred tax assets. In 2018, a deferred tax expense of (86) million euros was recognized in order to reflect the negative effect on the recoverable value of deferred tax assets of a strong competitive pressure. Africa & Middle East The main contributors to the income tax expense are Côte d'Ivoire, Mali, Senegal and Guinea: – in Côte d’Ivoire, the corporate tax rate is 30% and the current tax expense stands at ( 77 ) million euros; – – in Senegal, the corporate tax rate is 30% and the current tax expense stands at ( 54 ) million euros; – in Guinea, the corporate tax rate is 35% and the current tax expense stands at ( 47 ) million euros. United Kingdom Current tax expense The current income tax expense primarily reflects the taxation of activities related to Orange’s brand activities. The corporate tax rate has been 19% since April 1, 2017. Deferred tax expense In 2020, the deferred tax expense includes an increase of (63) million euros in deferred tax liabilities recognized in the United Kingdom on the Orange brand. The British government canceled the tax reduction from 19% to 17% in 2020, provided for by the 2016 Finance Act, thus maintaining the rate at 19% . The deferred tax liabilities on the brand are now recorded at a 19% tax rate. Group tax proof (in millions of euros) Note 2020 2019 2018 Profit before tax 4,207 4,669 3,467 Statutory tax rate in France 32.02 % 34.43 % 34.43 % Theoretical income tax (1,347) (1,608) (1,194) Reconciling items : Impairment of goodwill (1) 8.1 — (19) (19) Impairment of BT shares 13.7 — (34) (30) Share of profits (losses) of associates and joint ventures (1) 3 1 Adjustment of prior-year taxes 1 10 23 Recognition / (derecognition) of deferred tax assets (98) (36) (151) Difference in tax rates (2) 157 192 189 Change in applicable tax rates (3) (92) 43 (84) Tax income related to the 2005-2006 tax dispute (4) 2,246 — — Other reconciling items (18) 2 (44) Effective income tax 848 (1,447) (1,309) Effective tax rate (20.17) % 30.99 % 37.75 % (1) Reconciliation item calculated based on the tax rate applicable to the parent company of the Group. The difference between the tax rate of the parent company and the local tax rate of subsidiaries is presented below in "Difference in tax rates". (2) The Group is present in jurisdictions in which tax rates are different from the French tax rate. This mainly includes the United Kingdom (tax rate of 19%) and Spain (tax rate of 25%) . (3) Takes into account the remeasurement of the deferred tax due to change of tax rate in tax legislation, as well as the impact of the booking over the period of deferred tax at tax rates that differ from the rate applicable in the current fiscal year. (4) Relates to the tax income of 2,246 million euros (including interests) recognized in 2020 following the favorable decision handed down on November 13, 2020 by the Conseil d'Etat on the tax dispute in respect of fiscal years 2005-2006. The impact of this tax income on the effective tax rate is (53.3) basis points. Excluding this item, the Group effective tax rate would be 33.2% . 11.2.2 Income tax on other comprehensive income (in millions of euros) 2020 2019 2018 Gross Deferred Gross Deferred Gross Deferred amount tax amount tax amount tax Actuarial gains and losses on post-employment benefits (31) 6 (109) 30 45 (6) Assets at fair value 94 — (16) — (30) — Cash flow hedges 22 (10) 144 (47) (67) 18 Translation adjustment (414) — 78 — (7) — Other comprehensive income of associates and joint ventures — — — — — — Total presented in other comprehensive income (328) (4) 97 (17) (59) 12 11.2.3 Tax position in the statement of financial position (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Assets Liabi-lities Net Assets Liabi-lities Net Assets Liabi-lities Net Orange SA tax group • Current tax — 359 (359) — 385 (385) — 438 (438) • Deferred tax (1) 384 — 384 633 — 633 977 — 977 Spanish tax group • Current tax 12 — 12 — 32 (32) — 4 (4) • Deferred tax (2) — 95 (95) 11 — 11 50 — 50 Africa & Middle East • Current tax 45 228 (183) 43 212 (168) 32 182 (150) • Deferred tax 103 55 48 92 55 37 84 42 42 United Kingdom • Current tax — 4 (4) — 30 (30) — 34 (34) • Deferred tax (3) — 600 (600) 1 539 (538) — 531 (531) Other subsidiaries • Current tax 70 82 (12) 76 90 (14) 87 97 (10) • Deferred tax 244 105 139 255 108 147 255 58 197 Total • Current tax 128 673 (545) 120 748 (629) 119 755 (636) • Deferred tax 731 855 (124) 992 703 289 1,366 631 735 (1) Mainly includes deferred tax assets on employee benefits. (2) The recognized deferred tax assets are offset by the deferred tax liabilities on the goodwill which is tax deductible. (3) Mainly deferred tax liabilities on the Orange brand. Change in net current tax (in millions of euros) 2020 2019 2018 Net current tax assets / (liabilities) in the opening balance (629) (636) (464) Cash tax payments (1) (1,160) 1,079 928 Change in income statement (2) 1,245 (1,093) (1,116) Change in other comprehensive income — — — Change in retained earnings (3) (2) 48 0 Changes in the scope of consolidation (0) (1) 19 Translation adjustment 4 (1) (3) Reclassification and other items (4) (24) — Net current tax assets / (liabilities) in the closing balance (545) (629) (636) (1) Includes in 2020 the reimbursement of 2,246 million euros in respect of the tax dispute for 2005-2006. (2) Includes a tax income of 2,246 million euros in 2020 in respect of the tax dispute for 2005-2006. (3) Mainly corresponds to the tax effect relating to the remeasurement of the portion of subordinated notes denominated in foreign currency and the tax effects of transaction costs and premium paid related to the refinancing of subordinated notes. Change in net deferred tax (in millions of euros) 2020 2019 2018 Net deferred tax assets / (liabilities) in the opening balance 289 735 931 Change in income statement (396) (354) (197) Change in other comprehensive income (4) (17) 12 Change in retained earnings — 4 — Change in the scope of consolidation (2) (76) (10) Translation adjustment (10) 0 (7) Reclassification and other items (2) (3) 6 Net deferred tax assets / (liabilities) in the closing balance (124) 289 735 Deferred tax assets and liabilities by type (in millions of euros) December 31, 2020 December 31, 2019 (1) December 31, 2018 Income Income Income Assets Liabilities state-ment Assets Liabilities state-ment Assets Liabilities state-ment Provisions for employee benefit obligations 556 — (154) 704 — (169) 833 — (25) Fixed assets 552 1,275 (111) 614 1,216 (68) 721 1,123 (26) Tax losses carryforward 3,887 — 8 3,895 — 8 3,914 — (105) Other temporary differences 2,690 2,821 (71) 2,812 2,858 (83) 1,245 1,146 (42) Deferred tax 7,685 4,096 (327) 8,025 4,074 (312) 6,713 2,269 (198) Depreciation of deferred tax assets (3,714) — (69) (3,661) — (41) (3,709) — 1 Netting (3,241) (3,241) — (3,372) (3,372) — (1,638) (1,638) — Total 731 855 (396) 992 703 (354) 1,366 631 (197) (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). At December 31, 2020, the tax loss carryforwards mainly related to Spain and Belgium, the stock of tax loss carryforwards in France having been used up by 2018. At December 31, 2020, the unrecognized deferred tax assets mainly related to Spain for 2.1 billion euros and Belgium (Belgian subsidiaries other than Orange Belgium) for 0.8 billion euros, and mostly included tax losses that can be carried forward indefinitely. In Spain, tax losses carryforwards for which a deferred tax asset has been recognized are expected to be fully utilized by 2025, unless affected by changes in tax rules and changes in business projections. The deferred tax assets recognized for Spain amounted to 0.5 billion euros at December 31, 2020. Most of the other tax losses carryforwards for which no deferred tax assets have been recognized will expire beyond 2025. Accounting policies Current income tax and deferred tax are measured by the Group at the amount expected to be paid or recovered from the tax authorities of each country, based on its interpretation with regard to the application of tax legislation. The Group calculates the tax assets and liabilities recognized in the statement of financial position based on the technical merits of the positions it defends versus that of the tax authorities. Deferred taxes are recognized for all temporary differences between the carrying values of assets and liabilities and their tax basis, as well as for unused tax losses, using the liability method. Deferred tax assets are recognized only when their recovery is considered probable. A deferred tax liability is recognized for all taxable temporary differences associated with investments in subsidiaries, interests in joint ventures and associates, except to the extent that both of the following conditions are satisfied: – – Accordingly, for fully consolidated companies, a deferred tax liability is only recognized in the amount of the taxes payable on planned dividend distributions by the Group. Deferred tax assets and liabilities are not discounted. At each period end, the Group reviews the recoverable amount of the deferred tax assets carried by certain tax entities with significant tax losses carryforwards. The recoverability of the deferred tax assets is assessed in the light of the business plans used for impairment testing. This plan may be adjusted for any tax specificities. Deferred tax assets arising on these tax losses are not recognized under certain circumstances specific to each company/tax consolidation group concerned, and particularly where: – – – – |
Interests in associates and joi
Interests in associates and joint ventures | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of interests in associates and joint ventures [abstract] | |
Interests in associates and joint ventures | Note 12 Interests in associates and joint ventures The table below shows the value of the main interests in associates and joint ventures: (in millions of euros) Company Main activity Main co-shareholders 2020 2020 2019 2018 Entities jointly controlled Mauritius Telecom Telecommunications operator in Mauritius Mauritius government (33)% 40 % 70 83 81 Other 10 5 2 Entities under significant influence Odyssey Music Group (Deezer) Streaming platform AI European Holdings SARL (45)% 11 % 5 7 13 IRISnet Telecommunications operator in Belgium MRBC (53)% 15 % 5 5 4 Other 8 3 4 TOTAL 98 103 104 The change in interests in associates and joint ventures is as follows: (in millions of euros) 2020 2019 2018 Interests in associates - in the opening balance 103 104 77 Dividends (4) (2) (3) Share of profits (losses) (2) 8 3 Impairment (0) (0) — Change in components of other comprehensive income — — — Changes in the scope of consolidation 0 2 (1) Translation adjustment (12) (4) 5 Reclassifications and other items 13 (5) 23 Interests in associates - in the closing balance 98 103 104 The unrecognized contractual commitments entered into by the Group relating to the interests in associates and joint ventures are described in Note 15. The operations performed between the Group and the interests in associates and joint ventures are reflected as follow in Orange’s consolidated financial statements: (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Assets Non-current financial assets 9 — (0) Trade receivables 39 37 31 Current financial assets 5 2 (1) Other current assets — 1 — Liabilities Current financial liabilities 0 — 7 Trade payables 5 10 9 Other current liabilities 0 0 0 Customer contract liabilities 3 0 0 Income statement Revenue 14 10 13 External purchases and other operating expenses (29) (10) (66) Other operating income 8 7 8 Finance costs, net 0 1 — Accounting policies The carrying amount accounted for under the equity method corresponds to the initial acquisition cost increased by the share of profit or loss in the period. If an associate incurs losses and the carrying amount of the investment is reduced to zero, the Group ceases to recognize the additional share of losses since it has no commitment beyond its investment. An impairment test is performed at least annually and when there is objective evidence of impairment, for instance a decrease in the quoted price when the investee is listed, significant financial difficulty of the entity, observable data indicating that there is a measurable decrease in the estimated future cash flows, or information about significant changes having an adverse effect on the entity. An impairment loss is recorded when the recoverable amount is lower than the carrying amount, the recoverable amount being the higher of the value in use and the fair value less costs to sell. The unit of account is the whole investment. Any impairment is recognized as “Share of profits (losses) of associates and joint ventures”. Impairment losses shall be reversed once the recoverable amount exceeds the carrying amount. |
Financial assets, liabilities a
Financial assets, liabilities and financial results (excluding Orange Bank) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [abstract] | |
Financial assets, liabilities and financial results (telecom activities) | Note 13 Financial assets, liabilities and financial results (telecom activities) 13.1 Financial assets and liabilities of telecom activities In order to improve the readability of financial statements and to be able to distinguish the performance of telecom activities from the performance of the mobile financial services activities, the notes related to financial assets and liabilities as well as financial income or expenses are split to respect these two business areas. Note 13 presents the financial assets, liabilities and related gains and losses specific to telecom activities and Note 17 concerns the activities of Mobile Financial Services with regard to its assets and liabilities, with net financial income being not material. The following table reconciles the contributive balances of assets and liabilities for each of these two areas to the consolidated balance sheet (intra-group transactions between telecom activities and mobile financial services activities are not eliminated) with the consolidated statement of financial position as of December 31, 2020. (in millions of euros) Orange O/w Note O/w Mobile Note O/w eliminations consolidated telecom Financial telecom financial activities Services activities /mobile statements financial services Non-current financial assets related to Mobile Financial Services activities 1,210 — 1,210 17.1.1 — Non-current financial assets 1,516 1,544 13.7 — (27) (1) Non-current derivatives assets 132 132 13.8 — 17.1.3 — Current financial assets related to Mobile Financial Services activities 2,075 — 2,077 17.1.1 (2) Current financial assets 3,259 3,259 13.7 — — Current derivatives assets 162 162 13.8 — 17.1.3 — Cash and cash equivalents 8,145 7,891 14.3 254 — Non-current financial liabilities related to Mobile Financial Services activities — — 27 17.1.2 (27) (1) Non-current financial liabilities 30,089 30,089 13.3 — — Non-current derivatives liabilities 844 769 13.8 75 17.1.3 — Current financial liabilities related to Mobile Financial Services activities 3,128 — 3,128 17.1.2 — Current financial liabilities 5,170 5,172 13.3 — (2) Current derivatives liabilities 35 35 13.8 — 17.1.3 — (1) Loan granted by Orange SA to Orange Bank. 13.2 Profits and losses related to financial assets and liabilities The cost of net financial debt consists of gains and losses related to the components of net financial debt (described in Note 13.3) during the period. Foreign exchange gains and losses related to the components of net financial debt correspond mainly to the revaluation in euros of bonds denominated in foreign currencies (Note 13.5) as well as to the symmetrical revaluation of associated hedges. The net foreign exchange financial loss mostly reflects the effect of revaluation of the economic hedges of foreign exchange risk on notional amounts of subordinated notes denominated in pounds sterling and recognized in equity at their historical value (see Note 15.4). Other financial expenses mainly comprise interest on lease liabilities in the amount of (120) million euros in 2020 and (129) million euros in 2019 (see Note 10.2) and the impact of the Group's investment in BT shares for (119) million euros corresponding to the impairment loss, net of the foreign exchange hedge and of the income related to BT dividends in 2019 compared to (51) million euros in 2018 (see Note 13.7). Finally, other comprehensive income includes the revaluation of financial assets at fair value through other comprehensive income (Note 13.7) and cash flow hedges (Note 13.8.2). Other gains and losses related to financial assets and liabilities are recognized in the operating income (foreign exchange gains and losses on trade receivables, trade payables and the associated derivative hedges) for 16 million euros in 2020, versus (7) million euros in 2019 and 3 million euros in 2018. (in millions of euros) Other compre- Finance costs, net hensive income Cost of Gains Cost of net Foreign Other net Finance Reserves gross (losses) on financial exchange financial costs, net financial assets debt gains expenses (2) debt (1) contributing (losses) to net financial debt 2020 Financial assets — (1) (1) (151) 39 94 Financial liabilities (1,152) — (1,152) 623 (0) — Lease liabilities — — — — (120) — Derivatives 52 — 52 (576) 0 22 Discounting expense — — — — (29) — Total (1,100) (1) (1,102) (103) (110) (1,314) 116 2019 (3) Financial assets — 5 5 31 (65) (25) Financial liabilities (1,255) — (1,255) (351) — — Lease liabilities — — — — (129) — Derivatives 146 — 146 397 — 144 Discounting expense — — — — (39) — Total (1,109) 5 (1,104) 76 (233) (1,261) 119 2018 Financial assets — 9 9 (17) 16 (22) Financial liabilities (1,395) — (1,395) (353) — — Derivatives 54 — 54 366 — (67) Discounting expense — — — — (42) — Total (1,341) 9 (1,332) (4) (26) (1,362) (89) (1) Include interests on debt relating to financed assets for (1) million euros in 2020 and 2019. (2) Include interest on lease liabilities for (120) million euros in 2020 and (129) million euros in 2019 and effects related to the investment in BT for (119) million euros in 2019, and (51) million euros in 2018. (3) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). 13.3 Net financial debt As a reminder, since January 1, 2019, the definition of the net financial debt excludes the lease liabilities included in the scope of IFRS 16 (see Note 10.2) and includes the debts relating to financed assets. Net financial debt is one of the indicators of financial position used by the Group. This aggregate, not defined by IFRS, may not be comparable to similarly entitled indicators used by other companies. It is provided as additional information only and should not be considered as a substitute for an analysis of all the Group’s assets and liabilities. Net financial debt as defined and used by Orange does not include mobile financial services activities for which the concept is not relevant. It consists of (a) financial liabilities excluding operating payables (translated into euros at the year-end closing rate) including derivative instruments (assets and liabilities), less (b) cash collateral paid, cash, cash equivalents and financial assets at fair value. Furthermore, financial instruments designated as cash flow hedges included in net financial debt are set up to hedge in particular items that are not included therein, such as future cash flows. As a consequence, the portion of these unmatured hedging instruments recorded in other comprehensive income is added to the gross financial debt to offset this temporary difference. (in millions of euros) Note December 31, December 31, December 31, 2020 2019 2018 TDIRA 13.4 636 822 822 Bonds 13.5 29,848 30,893 27,070 Bank loans and from development organizations and multilateral lending institutions 13.6 3,671 4,013 3,664 Debt relating to financed assets 295 125 — Finance lease liabilities — — 584 Cash collateral received 14.5 31 261 82 NEU Commercial Paper (1) 555 158 1,116 Bank overdrafts 154 203 318 Other financial liabilities 70 602 (2) 363 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 35,260 37,076 34,019 Current and non-current Derivatives (liabilities) 13.8 804 436 845 Current and non-current Derivatives (assets) 13.8 (294) (573) (385) Other comprehensive income components related to unmatured hedging instruments 13.8 (541) (542) (721) Gross financial debt after derivatives (a) 35,229 36,397 33,758 Cash collateral paid (3) 14.5 (642) (123) (553) Investments at fair value (4) 14.3 (3,206) (4,696) (2,683) Cash equivalents 14.3 (5,140) (3,651) (2,523) Cash (2,751) (2,462) (2,558) Assets included in the calculation of net financial debt (b) (11,740) (10,931) (8,317) Net financial debt (a) + (b) 23,489 25,466 25,441 (1) Negotiable European Commercial Paper (formerly called "commercial paper"). (2) As of December 31, 2019, included 500 million euros of subordinated notes reclassified as a short term liability and redeemed on February 7, 2020 (first call date). (3) Only cash collateral paid, included in non-current financial assets of the consolidated statement of financial position, are deducted from gross financial debt. (4) Only investments at fair value, included in current financial assets of the consolidated statement of financial position, are deducted from gross financial debt (Note 14.3). Net financial debt is mostly carried by Orange S.A. in the amount of 22,843 million euros, representing over 97% of the Group's net financial debt. Debt maturity schedules are presented in Note 14.3. Changes in financial assets or financial liabilities whose cash flows are disclosed in financing activities in the cash-flow statement are the following (see Note 1.8): (in millions of euros) December 31, Cash Other changes with no impact December 31, 2019 flows on cash flows 2020 Changes in Foreign the scope of exchange consolidation movement Other TDIRA 822 (185) — — (1) 636 Bonds 30,893 (389) — (624) (31) (1) 29,848 Bank loans and from development organizations and multilateral lending institutions 4,013 (322) — (25) 5 3,671 Debt relating to financed assets 125 (60) — — 231 295 Cash collateral received 261 (230) — — (0) 31 NEU Commercial Paper 158 397 — — (0) 555 Bank overdrafts 203 (37) (0) (12) — 154 Other financial liabilities 602 (484) — (2) (46) 70 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 37,076 (1,311) (0) (663) 157 35,260 Net derivatives (138) 37 — 641 (29) 510 Cash collateral paid (123) (519) — 0 — (642) Cash flows from financing activities (1,793) (1) Mainly corresponding to changes in accrued interests not yet due. (in millions of euros) December 31,2018 Cash Other changes with no impact December 31, 2019 Changes in Foreign Other TDIRA 822 — — — — 822 Bonds 27,070 3,391 148 346 (63) (1) 30,893 Bank loans and from development organizations and multilateral lending institutions 3,664 335 (30) 36 8 4,013 Finance lease liabilities 584 — — — (584) — Debt relating to financed assets — (17) — — 143 125 Cash collateral received 82 179 — — (0) 261 NEU Commercial Paper 1,116 (958) — — (1) 158 Bank overdrafts 318 (123) (4) 5 7 203 Other financial liabilities 363 (10) 9 10 229 602 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 34,019 2,797 123 398 (261) 37,076 Net derivatives 460 26 (2) (376) (246) (138) Cash collateral paid (555) 430 — (0) — (123) Cash flows from financing activities 3,253 (1) Mainly corresponding to changes in accrued interests not yet due. (in millions of euros) December 31, Cash Other changes with no impact December 31, 2017 flows on cash flows 2018 Changes in Foreign the scope of exchange consolidation movement Other TDIRA 1,234 (443) — — 31 822 Bonds 25,703 1,136 5 321 (95) (1) 27,070 Bank loans and from development organizations and multilateral lending institutions 2,961 613 14 20 56 3,664 Finance lease liabilities 571 (123) 2 (1) 135 584 Cash collateral received 21 61 — — — 82 NEU Commercial Paper 1,358 (243) — (0) 1 1,116 Bank overdrafts 193 82 38 5 — 318 Other financial liabilities 434 (153) 135 8 (61) 363 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 32,475 930 194 353 67 34,019 Net derivatives 729 8 — (339) 62 460 Cash collateral paid (695) 140 — — — (555) Cash flows from financing activities 1,078 (1) Mainly corresponding to changes in accrued interests not yet due. Net financial debt by currency The net financial debt by currency is presented in the table below, after foreign exchange effects of hedging derivatives (excluding instruments set up to hedge operational items). (equivalent value in millions of euros at year-end closing rate) EUR USD GBP PLN EGP JOD MAD Other Total Gross financial debt after derivatives 24,822 4,342 3,331 35 201 139 485 1,875 35,229 Financial assets included in the calculation of net financial debt (10,558) (104) (113) (83) (27) (42) (43) (770) (11,740) Net debt by currency before effect of foreign exchange derivatives (1) 14,263 4,238 3,218 (49) 174 97 442 1,105 23,489 Effect of foreign exchange derivatives 7,858 (4,281) (4,364) 1,289 — — — (502) — Net financial debt by currency after effect of foreign exchange derivatives 22,121 (43) (1,146) 1,240 174 97 442 603 23,489 (1) Including the market value of derivatives in local currency. Accounting policies Cash and cash equivalents The Group classifies investments as cash equivalent in the statement of financial position and statement of cash flows when they comply with the conditions of IAS 7 (see cash management detailed in Notes 14.3 and 14.5): – – Bonds, bank loans and loans from multilateral lending institutions Among financial liabilities, only commitments to redeem non-controlling interests are recognized at fair value in profit or loss. Borrowings are recognized upon origination at the discounted value of the sums to be paid and subsequently measured at amortized cost using the effective interest rate method. Transaction costs that are directly attributable to the acquisition or issue of the financial liability are deducted from the liability’s carrying value. The costs are subsequently amortized over the life of the debt, using the effective interest rate method. Some financial liabilities at amortized cost, mainly borrowings, are subject to hedging. This relates mostly to borrowings hedged against the exposure of their future cash flows to foreign exchange risk (cash flow hedge). 13.4 TDIRA The perpetual bonds redeemable for shares (“ TDIRAs Commission des Opérations de Bourse Autorité des Marchés Financiers TDIRA The TDIRA TDIRA TDIRA Since January 1, 2010, the interest rate on the TDIRAs The TDIRA (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Number of securities 44,880 57,981 57,981 Equity component before deferred taxes 152 196 196 Debt component 636 822 822 o/w accrued interests not yet due 3 4 4 Paid interest 14 18 27 Accounting policies Some Group financial instruments include both a liability component and an equity component. This relates to perpetual bonds redeemable for shares (TDIRA). On initial recognition, the liability component is measured at its market value, corresponding to the value of the contractually determined future cash flows discounted at the market rate applied at the date of issue to comparable instruments providing substantially the same conditions, but without the option to convert or redeem in shares. This liability component is subsequently recognized at amortized cost. The carrying amount of the equity component is determined at inception by deducting the fair value of the financial liability from the notional value of the instrument. This does not change throughout the life of the instrument. 13.5 Bonds In 2020, the Group carried out the following bond issues: Initial nominal amount Amounts (in millions Interest rate in millions Notional currency of currency) Maturity (%) Issuer Type of operations of euros EUR 750 July 7, 2027 1.250 Orange SA Issuance 750 XOF 100,000 July 15, 2027 6.500 Sonatel Issuance 152 EUR 500 September 16, 2029 0.125 Orange SA Sustainable bond 500 EUR 750 April 7, 2032 1.625 Orange SA Issuance 750 Total of issuances 2,152 EUR 25 February 10, 2020 4.200 Orange SA Repayment at maturity (25) EUR 25 February 10, 2020 10Y CMS + 0.80 Orange SA Repayment at maturity (25) EUR 1,000 April 9, 2020 3.875 Orange SA Repayment at maturity (1,000) GBP 450 November 10, 2020 7.250 Orange SA Repayment at maturity (267) (1) EUR 650 January 15, 2022 0.500 Orange SA Partial repayment (35) EUR 150 February 6, 2023 EUR 3M + 5.5 SecureLink Early repayment (150) EUR 1,000 June 15, 2022 3.000 Orange SA Early repayment (1,000) MAD 1,090 December 18, 2025 3.970 Médi Telecom Regular annual basis repayment (9) MAD 720 December 18, 2025 1Y BDT + 1.00 Médi Telecom Regular annual basis repayment (14) MAD 1,002 December 10, 2026 3.400 Médi Telecom Regular annual basis repayment (13) MAD 788 December 10, 2026 1Y BDT + 0.85 Médi Telecom Regular annual basis repayment (10) Total of repayments (2,548) (1) On November 10, 2020, the Group redeemed the residual amount 238 million pounds sterling ( 267 million euros) on an original nominal amount of 450 million pounds sterling. Unmatured bonds at December 31, 2020, presented below, were all issued by Orange SA, with the exception of two obligations (each with a fixed-rate tranche and a variable-rate tranche) denominated in Moroccan dirhams held by Médi Telecom, and one in CFA francs issued by Sonatel. With the exception of the commitments made by Médi Telecom, which are redeemable on a regular annual basis, as of December 31, 2020, the bonds issued by the Group were redeemable at maturity. No specific guarantee had been given in relation to their issuance. Some bonds may be redeemed in advance, at the request of the issuer. Notional Initial nominal Maturity Interest rate (%) Outstanding amount currency amount December 31, December 31, December 31, (in millions of 2020 2019 2018 currency units) Bonds matured before December 31, 2020 — 2,479 6,715 EUR 1,250 January 14, 2021 3.875 1,250 1,250 1,250 GBP (1) 517 June 27, 2021 0.375 575 608 578 USD 1,000 September 14, 2021 4.125 815 890 873 EUR 255 October 13, 2021 10Y CMS + 0.69 255 255 255 EUR 272 December 21, 2021 10Y TEC + 0.50 272 272 272 EUR 650 January 15, 2022 0.500 615 650 — EUR 500 September 16, 2022 3.375 500 500 500 EUR 500 March 1, 2023 2.500 500 500 500 EUR 750 September 11, 2023 0.750 750 750 750 HKD 700 October 6,2023 3.230 74 80 78 HKD 410 December 22, 2023 3.550 43 47 46 EUR 650 January 9, 2024 3.125 650 650 650 EUR 1,250 July 15,2024 1.125 1,250 1,250 — EUR 750 May 12, 2025 1.000 750 750 750 EUR 800 September 12, 2025 1.000 800 800 800 NOK 500 September 17, 2025 3.350 48 51 50 CHF 400 November 24, 2025 0.200 370 369 — GBP 350 December 5, 2025 5.250 292 308 293 MAD (2) 1,090 December 18, 2025 3.97 72 87 100 MAD (2) 720 December 18, 2025 1Y BDT + 1.00 47 57 66 EUR 750 September 4, 2026 0.000 750 750 — EUR 75 November 30, 2026 4.125 75 75 75 MAD (2) 1,002 December 10, 2026 3.4 79 93 — MAD (2) 788 December 10, 2026 1Y BDT + 0.85 62 73 — EUR 750 February 3, 2027 0.875 750 750 750 EUR 750 July 7, 2027 1.250 750 — — XOF 100,000 July 15, 2027 6.500 152 — — EUR 500 September 9, 2027 1.500 500 500 500 EUR 1,000 March 20, 2028 1.375 1,000 1,000 1,000 EUR 50 April 11, 2028 3.220 50 50 50 NOK 800 July 24, 2028 2.955 76 81 80 GBP 500 November 20, 2028 8.125 556 588 559 EUR 1,250 January 15, 2029 2.000 1,250 1,250 — EUR 150 April 11, 2029 3.300 150 150 150 CHF 100 June 22, 2029 0.625 93 92 — EUR 500 September 16, 2029 0.125 500 — — EUR 1,000 January 16, 2030 1.375 1,000 1,000 1,000 EUR 1,200 September 12, 2030 1.875 1,200 1,200 1,200 EUR 105 September 17, 2030 2.600 105 105 105 (1) Exchangeable bonds in BT shares (see below). (2) Bonds issued by Médi Telecom.Bonds bearing 1Y BDT rate corresponds to 52 weeks Moroccan treasury bonds rate (recalculated once a year). Notional Initial nominal Maturity Interest rate (%) Outstanding amount currency amount December 31, December 31, December 31, (in millions of 2020 2019 2018 currency units) EUR 100 November 6, 2030 0.091 (3) 100 100 100 USD 2,500 March 1, 2031 9.000 (4) 2,006 2,191 2,150 EUR 300 May 29, 2031 1.342 300 300 — EUR 50 December 5, 2031 4.300 (zero coupon) 72 69 67 EUR 50 December 8, 2031 4.350 (zero coupon) 73 70 67 EUR 50 January 5, 2032 4.450 (zero coupon) 71 68 65 GBP 750 January 15, 2032 3.250 834 882 — EUR 750 April 7, 2032 1.625 750 — — EUR 1,000 September 4, 2032 0.500 1,000 1,000 — EUR 1,500 January 28, 2033 8.125 1,500 1,500 1,500 EUR 55 September 30, 2033 3.750 55 55 55 GBP 500 January 23, 2034 5.625 556 588 559 HKD 939 June 12, 2034 3.070 99 107 — EUR 300 July 11, 2034 1.200 300 300 — EUR 50 April 16, 2038 3.500 50 50 50 USD 900 January 13, 2042 5.375 733 801 786 USD 850 February 6, 2044 5.500 693 757 742 EUR 750 September 4, 2049 1.375 750 750 — GBP 500 November 22, 2050 5.375 556 588 559 Outstanding amount of bonds 29,524 30,537 26,695 Accrued interest 487 532 527 Amortized cost (163) (176) (152) Total 29,848 30,893 27,070 (3) Bond bearing interests at a fixed rate of 2% until 2017 and then at CMS 10 years x 166% ( -0.45% until November 2021), but the variable rate is floored at 0% and capped at 4% until 2023 and at 5% beyond. (4) Bond with a step-up clause (clause that triggers a change in interest payments of Orange's credit rating from the rating agencies changes, see Note 14.3). As a reminder, in June 2017, the Group issued bonds exchangeable for BT securities for a notional amount of 517 million pounds sterling (i.e. 585 million euros at the ECB daily reference rate) bearing a coupon of 0.375% and having as underlying 133 million BT shares. The Bonds mature in June 2021 and have been redeemable on demand by investors since August 7, 2017, in cash, BT securities or a combination of the two, at Orange's choice. Under IFRS, this operation was split between a financial liability at amortized cost and a derivative instrument (sale of call option) revalued at fair value through profit or loss. In the first half of 2019, Orange purchased call options with the same characteristics as the sale of call options included in the bonds exchangeable for BT securities. The purchase of calls offsets the sale of the initial call options, so the Group is no longer exposed to any change in value of BT securities linked to the bonds exchangeable for BT shares. 13.6 Loans from development organizations and multilateral lending institutions (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Sonatel 292 380 343 Orange Mali 227 203 200 Médi Telecom 220 282 335 Orange Côte d’Ivoire 172 237 225 Orange Egypt 163 213 210 Orange Cameroon 111 82 105 Orange Jordanie 61 77 31 Orange Burkina Faso 56 46 — Other 81 104 127 Bank loans 1,384 1,625 1,574 Orange SA (1) 2,288 2,356 2,023 Orange Espagne — 33 67 Loans from development organizations and multilateral lending institutions (2) 2,288 2,389 2,090 Total 3,671 4,013 3,664 (1) In 2020, Orange SA has redeemed at maturity a loan of 400 million euros and has negotiated with the European Investment Bank a new loan of 350 million euros (maturity in 2027). In 2019, Orange SA negotiated a loan of 350 million euros (maturity in 2026) and two loans in 2018 for a total notional of 650 million euros (maturity in 2025). (2) Primarily the European Investment Bank. 13.7 Financial assets The financial assets break down as follows: (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Non-current Current Total Total Total Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss 431 — 431 277 254 Investments securities 431 — 431 277 254 Financial assets at fair value through profit or loss 784 3,206 3,990 4,953 4,041 Investments at fair value (1) — 3,206 3,206 4,696 2,683 Investments securities 141 — 141 133 805 Cash collateral paid (2) 642 — 642 123 553 Financial assets at amortized cost 329 53 382 772 762 Receivables related to investments (3) 44 11 55 70 55 Other (4) 285 42 327 702 707 Total financial assets 1,544 3,259 4,803 6,001 5,057 (1) NEUCP and bonds only (see Note 14.3). (2) See Note 14.5. (3) Including loan from Orange SA to Orange Bank for 27 million euros. (4) The escrowed amount of 346 million euros booked in 2018 in relation with the Digicel litigation has been fully paid in 2020 (see Note 18). Investment securities Investment securities measured at fair value through other comprehensive income that may not be reclassified to profit or loss (in millions of euros) 2020 2019 2018 Investment securities measured at fair value through other comprehensive income that may not be reclassified to profit or loss - in the opening balance 277 254 208 Acquisitions 81 52 75 Changes in fair value 94 (25) (22) Sales (20) (2) (7) Other movements (2) (2) — Investment securities measured at fair value through other comprehensive income that may not be reclassified to profit or loss - in the closing balance 431 277 254 Investment securities measured at fair value through other comprehensive income that may not be reclassified to profit or loss included numerous shares in companies held by investment funds. Investment securities measured at fair value through profit or loss (in millions of euros) 2020 2019 2018 Investment securities measured at fair value through profit or loss - in the opening balance 133 805 1,005 Changes in fair value 8 17 (101) Sale of BT shares — (659) (53) Other movements (0) (29) (46) Investment securities measured at fair value through profit or loss - in the closing balance 141 133 805 BT shares On January 29, 2016, following the sale of EE, Orange received 4% of the share capital of BT Group Plc (BT), i.e. approximately 399 million shares for the equivalent of 2,462 million euros. In 2017, the Orange group sold, for a net amount of 433 million euros, 133 million shares with a fair value of 570 million euros at December 31, 2016. The impact on profit or loss related to securities sold amounted to (126) million euros. In 2018, the Orange group sold, for a net amount of 53 million euros, 18 million shares with a fair value of 55 million euros at December 31, 2017. The impact on profit or loss in 2018 related to securities sold amounted to (2) million euros. On June 28, 2019, the Group sold its residual stake of 2.49% in the share capital of BT Group Plc, i.e.a net amount of 543 million euros. At December 31, 2018 the fair value of these securities amounted to 659 million euros. The impact on the income statement in 2019 amounted to (119) million euros. The impact on consolidated net finance costs of the investment in BT in 2018 and 2019 is detailed below: (in millions of euros) 2019 2018 Impact of 2018 sale — (2) Impact of 2019 sale (119) (93) Dividends received — 44 Effect in the consolidated financial net income of the investment in BT (119) (51) Accounting policies Financial assets – Certain investment securities which are not consolidated or equity-accounted, and cash investments such as negotiable debt securities, deposits and mutual funds (UCITS), that are compliant with the Group’s risk management policy or investment strategy, may be designated by Orange as being recognized at fair value through profit or loss. These assets are recognized at fair value at inception and subsequently. All changes in fair value are recorded in net financial expenses. – Investment securities which are not consolidated or equity-accounted are, subject to exceptions, recognized as assets at fair value through other comprehensive income that may not be reclassified to profit/loss. They are recognized at fair value at inception and subsequently. Temporary changes in value and gains (losses) on disposals are recorded in other comprehensive income that may not be reclassified to profit/loss. – This category mainly includes loans and receivables. These instruments are recognized at fair value at inception and are subsequently measured at amortized cost using the effective interest method. If there is any objective evidence of impairment of these assets, the value of the asset is reviewed at the end of each reporting period. An impairment loss is recognized in the income statement when impairment tests demonstrate that the financial asset carrying amount is higher than its recoverable amount. For theses financial assets, the provisioning system also covers expected losses according to IFRS 9. 13.8 Derivatives instruments 13.8.1 Market value of derivatives (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Net Net Net Hedging derivatives (311) 324 (162) Cash flow hedge derivatives (311) 328 (160) Fair value hedge derivatives (0) (4) (2) Derivatives held for trading (1) (199) (187) (298) Net derivatives (2) (510) 138 (460) (1) Mainly due to the foreign exchange effects of the economic hedges against the revaluation of subordinated notes denominated in pounds sterling (equity instruments recognized at their historical value - see Note 15.4) for (210) million euros in 2020, (136) million euros in 2019 and (246) million euros in 2018. (2) Of which foreign exchange effects of the cross currency swaps (classified as hedging or held for trading) hedging foreign exchange risk on gross debt notional for 251 million euros in 2020, 822 million euros in 2019 and 512 million euros in 2018. The foreign exchange effects of the cross currency swaps is the difference between the notional converted at the closing rate and its notional converted at the opening rate (or at the trading day spot rate in case of new instrument). The risks hedged by these derivative instruments are described in Note 14. These derivatives are associated with cash-collateral agreements, the effects of which are described in Note 14.5. Accounting policies Derivative instruments are measured at fair value in the statement of financial position and presented according to their maturity date, regardless of whether they qualify for hedge accounting under IFRS 9 (hedging instruments versus trading instruments). Derivatives are classified as a separate line item in the statement of financial position. Trading derivatives are non-qualified economic hedges. Changes in the value of these instruments are recognized directly in profit and loss. Hedge accounting is applicable when: – – There are three types of hedge accounting: – – – For transactions qualified as fair value hedges and economic hedges, the foreign exchange impact of changes in the fair value of derivatives is booked in operating income when the underlying hedged item results from operational transactions and in net finance costs when the underlying hedged item is a financial asset or liability. Hedge accounting can be terminated when the hedged item is no longer recognized, i.e. when the Group revokes the designation of the hedging relationship or when the hedging instrument is terminated or exercised. The accounting consequences are as follows: – – In both cases, subsequent changes in the value of the hedging instrument are recorded in profit or loss. Concerning the effects of the Foreign Currency Basis Spread, cross-currency swaps designated as cash flow hedges, |
Information on market risk and
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [abstract] | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | Note 14 Information on market risk and fair value of financial assets and liabilities (telecom activities) The Group uses financial position or performance indicators that are not specifically defined by IFRS, such as EBITDAaL (see Note 1.9) and net financial debt (see Note 13.3). Market risks are monitored by Orange’s Treasury and Financing Committee, which reports to the Executive Committee. The Committee is chaired by the Group’s Executive Committee Member in charge of Finance, Performance and Development and meets on a quarterly basis. It sets the guidelines for managing the Group’s debt, especially in respect of its interest rate, foreign exchange, liquidity and counterparty risk exposure for the coming months, and reviews past management (transactions realized, financial results). The health crisis has not called into question the risk management policy relating to financial instruments. The Group continued to set up and manage hedging instruments in order to limit its exposure to operational and financial foreign exchange and interest rate risks, while maintaining a diversified financing policy. 14.1 Interest rate risk management Management of fixed-rate/variable-rate debt Orange Group seeks to manage its fixed-rate/variable-rate exposure in euros in order to minimize interest costs by using firm and conditional interest rate derivatives such as swaps, futures, caps and floors. The fixed-rate component of gross financial debt, excluding cash collateral received and agreements to buy back non-controlling interests, was estimated at 89% at December 31, 2020, 91% at December 31, 2019 and 87% at December 31, 2018. Sensitivity analysis of the Group’s position to changes in interest rates The sensitivity of the Group’s financial assets and liabilities to interest rate risk is only analyzed for the components of net financial debt that are interest-bearing and therefore exposed to interest rate risk. Sensitivity of financial expenses Based on a constant amount of debt and a constant management policy, a 1% rise in interest rates would reduce the annual cost of gross financial debt by 2 million euros, while a decrease of 1% would improve it by 2 million euros. Sensitivity of cash flow hedge reserves A 1% rise in euro interest rates would increase the market value of derivatives designated as cash flow hedges and the associated cash flow hedge reserves by approximately 1,282 million euros. A 1% fall in euro interest rates would lead to a decrease in their market value and in the cash flow hedge reserves of approximately 1,278 million euros. 14.2 Foreign exchange risk management Operational foreign exchange risk The Group’s foreign operations are carried out by entities that operate in their own country and mainly in their own currency. Their operational exposure to foreign exchange risk is therefore limited to certain types of flows: purchases of equipment or network capacity, purchases of terminals and equipment sold or leased to customers, purchases from or sales to international operators. Whenever possible, the entities of the Orange Group have put in place policies to hedge this exposure (see Note 13.8). Financial foreign exchange risk Financial foreign exchange risk mainly relates to: – – – Lastly, the Group economically hedges foreign exchange risk on its subordinated notes denominated in pound sterling that are recorded in equity at their historical value (see Note 15.4), with cross-currency swaps, for a notional amount of 988 million pounds sterling. The table below shows the main exposures to foreign exchange fluctuations of the net financial debt in foreign currencies of Orange SA, excluding the hedging effects of the subordinated notes described above and of Orange Polska and also shows the sensitivity of the entity to a 10% change in the foreign exchange rates of the currencies to which it is exposed. Orange SA is the entity bearing the major foreign exchange risk, including internal operations which generate a net foreign exchange gain or loss in the consolidated annual financial statements. (in millions of currency units) Exposure in currency units (1) Sensitivity analysis EUR USD GBP PLN Total 10% gain in 10% loss in translated euro euro Orange SA — 7 8 15 17 (2) 2 Orange Polska (160) (5) — — (164) 15 (18) Total (euros) (160) 1 9 3 (147) (1) Excluding FX hedge of subordinated notes denominated in pounds sterling. Foreign exchange risk to assets Due to its international presence, the Orange Group’s statement of financial position is exposed to foreign exchange fluctuations, as these affect the translation of subsidiaries’ assets and equity interests denominated in foreign currencies. The currencies concerned are mainly the pound sterling, the zloty, the Egyptian pound, the US dollar, the Jordanian dinar and the Moroccan dirham. To hedge its largest foreign asset exposures, Orange has issued debt in the relevant currencies. The amounts presented below take into account the activities of Mobile Financial Services (activities mainly in euros). (in millions of euros) Contribution to consolidated net assets Sensitivity analysis EUR USD GBP PLN EGP JOD MAD Other Total 10% 10% currencies gain in loss in euro euro Net assets excluding net debt (a) (1) 51,679 165 (1,053) 3,195 933 519 948 4,141 60,527 (804) 983 Net debt by currency including derivatives (b) (2) (22,121) 43 1,146 (3) (1,240) (174) (97) (442) (603) (23,489) 124 (152) Net assets by currency (a) + (b) 29,558 209 93 1,955 (4) 758 421 506 3,538 37,038 (680) 831 (1) Excluding net debt by currency do not include components of net financial debt. (2) The net financial debt as defined by Orange group does not include Mobile Financial Services activities for which this concept is not relevant (see Note 13.3). (3) Of which economic hedge of subordinated note denominated in pounds sterling for 988 million pounds sterling (equivalent 1,099 million euros). (4) Share of net assets attributable to owners of the parent company in zlotys amounts to 991 million euros. Due to its international presence, the Orange Group income statement is also exposed to risk arising from changes in foreign exchange rates due to the conversion, in the consolidated financial statements, of its foreign subsidiaries’ financial statements. (in millions of euros) Contribution to consolidated financial income statement Sensitivity analysis EUR USD GBP PLN EGP JOD MAD Other Total 10% gain 10% loss currencies in euro in euro Revenue 31,866 1,105 275 2,559 878 386 585 4,616 42,270 (946) 1,156 EBITDAaL 9,816 54 19 635 317 141 158 1,541 12,680 (260) 318 Operating income 4,257 15 1 91 128 57 18 954 5,521 (115) 140 14.3 Liquidity risk management Diversification of sources of funding Orange has diversified sources of funding: – – – – one Liquidity of investments Orange invests its cash surpluses in cash equivalents that meet IAS 7 cash equivalent criteria or in fair value investments (negotiable debt securities, bonds with a maturity of no more than two years, UCITS and term deposits). These investments prioritize minimizing the risk of capital loss over performance. Cash, cash equivalents and fair value investments are held mainly in France and other European Union countries, which are not subject to restrictions on convertibility or exchange controls. Smoothing debt maturities The policy followed by Orange is to apportion the maturities of debt evenly over the years to come. The following table shows undiscounted future cash flows for each financial liability shown on the statement of financial position. The key assumptions used in this schedule are: – – – – – (in millions of euros) Note December 31, 2021 2022 2023 2024 2025 2026 and Other 2020 beyond items (1) TDIRA 13.4 636 3 — — — — — 633 Bonds 13.5 29,848 3,701 1,152 1,450 1,984 2,337 19,388 (163) Bank loans and from development organizations and multilateral lending institutions 13.6 3,671 633 324 1,005 260 750 703 (4) Debt relating to financed assets 13.3 295 70 75 75 58 17 — — Cash collateral received 13.3 31 31 — — — — — — NEU commercial papers (2) 13.3 555 555 — — — — — — Bank overdrafts 13.3 154 154 — — — — — — Other financial liabilities 13.3 70 48 3 3 1 1 15 — Derivatives (liabilities) 13.3 804 15 133 99 — 34 39 — Derivatives (assets) 13.3 (294) (155) — (10) (19) (14) (153) — Other Comprehensive Income related to unmatured hedging instruments 13.3 (541) — — — — — — — Gross financial debt after derivatives 35,229 5,054 1,686 2,623 2,283 3,124 19,991 466 Trade payables 11,051 9,760 243 212 87 362 388 — Total financial liabilities (including derivatives assets) 46,280 14,814 (3) 1,929 2,834 2,370 3,486 20,379 466 Future interests on financial liabilities (4) — 1,525 914 851 807 855 5,472 — (1) Undated items: TDIRA notional. Non-cash items: amortized cost on bonds and bank loans, and discounting effect on long term trade payables. (2) Negotiable European Commercial Papers (formerly called "commercial papers"). (3) Amounts presented for 2021 correspond to notional and accrued interests for 502 million euros. (4) Mainly future interests on bonds for 9,712 million euros, on bank loans for 284 million euros and on derivatives instruments for (842) million euros. The liquidity position is one of the indicators of financial position used by the Group. This aggregate, not defined by IFRS, may not be comparable to similarly entitled indicators used by other groups. At December 31, 2020, the liquidity position of Orange’s telecom activities amounts to 17,243 million euros and exceeds the repayment obligations of its gross financial debt in 2021. It breaks down as follows: Liquidity position (in millions of euros) At December 31, 2020, the Orange group's telecom activities had access to credit facilities in the form of bilateral credit lines and syndicated credit lines. Most of these lines bear interest at variable rates. Available undrawn amount of credit facilities amounts to 6,146 million euros (including 6,000 million euros for Orange SA). Cash equivalents amounted to 5,140 million euros, mainly at Orange SA for 4,329 million euros in UCITS, 450 million euros in term deposits and 170 million euros in negotiable debt securities. Investments at fair value amounted to 3,206 million euros exclusively at Orange SA, with 3,105 million euros in NEU Commercial Paper and 101 million euros in bonds. Any specific contingent commitments in terms of financial ratios are presented in Note 14.4. Orange’s credit ratings Orange’s credit rating is an additional performance indicator used to assess the Group’s financial policy and risk management policy and, in particular, its solvency and liquidity risk, and is not a substitute for an analysis carried out by investors. Rating agencies revise the ratings they assign on a regular basis. Any change in the rating could produce an impact on the cost of future financing or restrict access to liquidity. In addition, a change in Orange’s credit rating will, for certain outstanding financing, affect the compensation paid to investors: – – At December 31, 2020, neither Orange's credit ratings nor the outlook had changed compared with December 31, 2019. Standard Moody’s Fitch & Poor’s Ratings Long-term debt BBB+ Baa1 BBB+ Outlook Stable Stable Stable Short-term debt A2 P2 F2 14.4 Financial ratios Main commitments with regard to financial ratios Orange SA does not have any credit line or loan subject to specific covenant with regard to financial ratios. Certain subsidiaries of Orange SA are committed to comply with certain financial ratios related to indicators defined in the contracts with the banks. The breach of these ratios constitutes an event of default that can lead to early repayment of the line of credit or loan concerned. The main obligations are as follows: – – – – These ratios were complied with at December 31, 2020. Clauses related to instances of default or material adverse changes Most of Orange’s financing agreements, including in particular the 6 billion euros syndicated credit facility set up on December 21, 2016, as well as bond issues, are not subject to early redemption obligations in the event of a material adverse change, or cross default provisions. Most of these contracts include cross acceleration provisions. Thus, the mere occurrence of events of default in other financing agreements would not automatically trigger an accelerated repayment under such contracts. 14.5 Credit risk and counterparty risk management The Group could be exposed to a concentration of counterparty risk in respect of its trade receivables, cash and cash equivalents, investments and derivatives. Orange considers that it has limited concentration in credit risk with respect to trade receivables due to its large and diverse customer base (residential, professional and large business customers) operating in numerous industries and located in many French regions and foreign countries. In addition, the maximum value of the counterparty risk on these financial assets is equal to their recognized net carrying value. An analysis of net trade receivables past due is provided in Note 5.3. For loans and other receivables, amounts past due but not provisioned are not material. Orange SA is exposed to bank counterparty risk through its investments and derivatives. Therefore, it performs a strict selection based on the credit rating of public, financial or industrial institutions in which it invests or with which it enters into derivatives agreements. – – – For derivatives, master agreements relating to financial instruments (French Banking Federation) are signed with all counterparties and provide for a net settlement of debts and receivables, in case of failure of one of the parties, as well as for calculation of a final balance to be received or paid. These agreements include a CSA (Credit Support Annex) cash collateral clause that can lead to either a deposit (collateral paid) or collection (collateral received), on a daily basis. These payment amounts correspond to the change in market value of all derivatives. As a rule, investments are negotiated with high-grade banks. Exceptionally, subsidiaries occasionally deal with counterparties with the highest ratings available locally. Effect of mechanisms to offset exposure to credit risk and counterparty risk of the derivatives (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Collateralised Derivatives (net) (a) (520) 144 (455) Fair value of collateralised derivatives assets 283 570 383 Fair value of collateralised derivatives liabilities (803) (426) (838) Amount of cash collateral paid/(received) (b) 611 (138) 471 Amount of cash collateral paid 642 123 553 Amount of cash collateral received (31) (261) (82) Residual exposure to counterparty risk (a) + (b) (1) 91 7 16 Non collateralised Derivatives (net) 10 (6) (5) Fair value of non collateralised derivatives assets 11 3 2 Fair value of non collateralised derivatives liabilities (1) (10) (7) (1) The residual exposure to counterparty risk is mainly due to a time difference between the valuation of derivatives at the closing date and the date on which the cash collateral exchanges were made. Changes in net cash collateral between 2019 and 2020 stem mainly from the depreciation of the US dollar and the pound sterling against the euro. Sensitivity analysis of cash collateral deposits to changes in market interest rates and exchange rates A change in market rates (mainly euro) of +/- 1% would (in millions of euros) Rate decrease of 1% Rate increase of 1% Change of fair value of derivatives (1,314) 1,318 Rate decrease of 1% Rate increase of 1% Amount of cash collateral received (paid) 1,314 (1,318) A change in the euro exchange rate of +/-10% (in millions of euros) 10% loss in euro 10% gain in euro Change of fair value of derivatives 1,536 (1,257) 10% loss in euro 10% gain in euro Amount of cash collateral received (paid) (1,536) 1,257 14.6 Equity market risk Orange SA had no options to purchase its own shares, no forward purchase of shares and at December 31, 2020, held 1,265,099 treasury shares. Orange SA owns subsidiaries listed on equity markets whose share value may be affected by general trends in these markets. In particular, the market value of these listed subsidiaries’ shares is one of the measurement variables used in impairment testing. The mutual funds (UCITS) in which Orange invests for cash management purposes contain no equities. Orange is also exposed to equity risk through certain retirement plan assets (see Note 7.2). At December 31, 2020, the Group was not significantly exposed to market risk on the shares of listed companies. The Group’s prior exposure had been significantly reduced in 2019, with the disposal in June 2019 of its residual 2.49% stake in the share capital of BT (see Note 13.7). 14.7 Capital management Orange SA and its non-financial subsidiaries are not subject to regulatory requirements related to equity (other than the usual standards applicable to any commercial company). Its financial subsidiaries (like electronic money institutions) are subject to regulatory equity requirements specific to their sector and jurisdiction. Like any company, Orange manages its financial resources (both equity and net financial debt) as part of a balanced financial policy, aiming to ensure flexible access to capital markets, including for the purpose of selectively investing in development projects, and to provide a return to shareholders. In terms of net financial debt (see Note 13.3), this policy translates into liquidity management as described in Note 14.3 and a specific attention to credit ratings assigned by rating agencies. This policy is also reflected, in some markets, by the presence of minority shareholders in the capital of subsidiaries controlled by Orange. This serves to limit the Group’s debt while providing a benefit from the presence of local shareholders. 14.8 Fair value of financial assets and liabilities The market value of the net financial debt carried by Orange is estimated at 30.1 billion euros at December 31, 2020, for a carrying amount of 23.5 billion euros. (in millions of euros) December 31, 2020 Note Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 (1) value fair and value cash Trade receivables AC 5,645 5,645 — 5,645 — Financial assets 13.7 4,803 4,803 185 4,372 247 Equity securities FVOCI 431 431 185 — 247 Equity securities FVR 141 141 — 141 — Investments at fair value FVR 3,206 3,206 — 3,206 — Cash collateral paid FVR 642 642 — 642 — Financial assets at amortized cost AC 382 382 — 382 — Cash and Cash equivalents 13.3 7,891 7,891 7,891 — — Cash AC 2,751 2,751 2,751 — — Cash equivalents FVR 5,140 5,140 5,140 — — Trade payables AC (11,051) (11,051) — (11,051) — Financial liabilities 13.3 (35,260) (41,884) (34,708) (7,162) (14) Financial debts AC (35,247) (41,870) (34,708) (7,162) — Other FVR (14) (14) — — (14) Derivatives (net amount) (2) 13.8 (510) (510) — (510) — (1) AC" stands for "amortized cost", "FVR " stands for "fair value through profit or loss", "FVOCI" stands for "fair value through other comprehensive income that will not be reclassified to profit or loss". (2) IFRS 9 classification for derivatives instruments depends on their hedging qualification. The table below provides an analysis of the change in level 3 market values for financial assets and liabilities measured at fair value in the statement of financial position. (in millions of euros) Equity securities Financial liabilities at fair value through profit or loss, excluding derivatives Level 3 fair values at December 31, 2019 198 (64) Gains (losses) taken to profit or loss — 50 Gains (losses) taken to other comprehensive income (28) — Acquisition (sale) of securities 80 — Other (2) — Level 3 fair values at December 31, 2020 247 (14) The market value of the net financial debt carried by Orange was estimated at 30.8 billion euros as at December 31, 2019, for a carrying amount of 25.5 billion euros. (in millions of euros) December 31, 2019 Note Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 value fair value and cash Trade receivables AC 5,343 5,343 — 5,343 — Financial assets 13.7 6,001 6,002 79 5,725 198 Equity securities FVOCI 277 277 79 — 198 Equity securities FVR 133 134 — 134 — Investments at fair value FVR 4,696 4,696 — 4,696 — Cash collateral paid FVR 123 123 — 123 — Financial assets at amortized cost AC 772 772 — 772 — Cash and Cash equivalents 13.3 6,112 6,112 6,112 — — Cash AC 2,462 2,462 2,462 — — Cash equivalents FVR 3,651 3,651 3,651 — — Trade payables AC (10,246) (10,246) — (10,246) — Financial liabilities 13.3 (37,076) (42,455) (34,554) (7,837) (64) Financial debts AC (37,007) (42,386) (34,554) (7,811) (21) Bonds at fair value FVR (26) (26) — (26) — Other FVR (43) (43) — — (43) Derivatives (net amount) 13.8 138 138 — 138 — The market value of the net financial debt carried by Orange was estimated at 28.7 billion euros as at December 31, 2018, for a carrying amount of 25.4 billion euros. December 31, 2018 (in millions of euros) Note Classification Book Estimated Level 1 under IFRS 9 value fair value and cash Level 2 Level 3 Trade receivables AC 5,329 5,329 — 5,329 — Financial assets 13.7 5,057 5,057 692 4,144 221 Equity securities FVOCI 254 254 33 — 221 Equity securities FVR 805 805 659 146 — Investments at fair value FVR 2,683 2,683 — 2,683 — Cash collateral paid FVR 553 553 — 553 — Financial assets at amortized cost AC 762 762 — 762 — Cash and Cash equivalents 13.3 5,081 5,081 5,081 — — Cash AC 2,558 2,558 2,558 — — Cash equivalents FVR 2,523 2,523 2,523 — — Trade payables AC (10,082) (10,082) — (10,082) — Financial liabilities 13.3 (34,019) (37,292) (29,012) (7,988) (292) Financial debts (33,721) (36,994) (29,012) (7,961) (21) Bonds at fair value FVR (27) (27) — (27) — Other FVR (271) (271) — — (271) Derivatives (net amount) 13.8 (460) (460) — (460) — Accounting policies The financial assets and liabilities measured at fair value in the statement of financial position have been classified based on the three hierarchy levels: – – – The fair value of the financial assets at fair value through other comprehensive income ("FVOCI") For financial assets at amortized cost ("AC"), Among financial assets at fair value through profit or loss ("FVR"), The fair value of investment securities is the quoted price at year-end for listed securities and, for non-listed securities, uses a valuation technique determined according to the most appropriate financial criteria in each case (comparable transactions, multiples for comparable companies, shareholders’ agreement, discounted present value of future cash flows). For financial liabilities at amortized cost – – The Group considers the carrying value of trade payables and deposits received from customers to be a reasonable approximation of fair value, due to the high liquidity of these elements. The fair value of long-term trade payables is the value of future cash flows discounted at the interest rates observed by the Group at the end of the period. Financial liabilities at fair value through profit or loss The fair value derivatives When there are no reliable market data which identify the probability of default, the CVA (Credit Value Adjustment) and the DVA (Debit Value Adjustment) are measured based on historical default charts and CDS (Credit Default Swap) trends. Counterparty credit risk and the Group’s own specific default risk are also continuously monitored based on the monitoring of debt security credit spreads on the secondary market and other market information. Given the implementation of collateralization, and based on counterparty policies and the management of indebtedness and liquidity risk described in Note 14, CVA and DVA estimates are not material compared to the measurement of the related financial instruments. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2020 | |
Shareholders' equity [abstract] | |
Shareholders' equity | Note 15 Equity At December 31, 2020, Orange SA’s share capital, based on the number of issued shares at this date, amounted to 10,640,226,396 euros, divided into 2,660,056,599 ordinary shares with a par value of 4 euros each. At December 31, 2020, the share capital and voting rights of Orange SA broke down as follows: 15.1 Changes in share capital No new shares were issued during the 2020 year. 15.2 Treasury shares As authorized by the Shareholders’ Meeting of May 19, 2020, the Board of Directors instituted a new share buyback program (the 2020 Buyback Program) and canceled the 2019 Buyback Program, with immediate effect. This authorization is granted for a period of 18 months as from the aforementioned Shareholders' Meeting. The 2020 Buyback Program is described in the Orange Universal Registration Document filed with the French Financial Markets Authority ( Autorité des marchés financiers During the year, Orange granted the majority of shares to the beneficiaries of the Orange Vision plan. At the same time, share buybacks were carried out by Orange mainly in respect of the free share award plans (Long Term Incentive Plan – LTIP) LTIP 2018-2020, 2019-2021 and 2020-2022 (see Note 7.3). At December 31, 2020, the Company held 1,265,099 treasury shares (of which 170,000 shares in respect of the liquidity contract and 1,095,099 in respect of the LTIP 2018-2020, 2019-2021 and 2020-2022 free share award plans). At December 31, 2019, the Company held 9,742,968 treasury shares (of which 853,500 shares in respect of the liquidity contract and 8,889,468 in respect of the Orange Vision 2020 and LTIP 2018-2020 and 2019-2021 free share award plans). At December 31, 2018, the Company held 7,214,000 treasury shares (of which 309,609 shares in respect of the liquidity contract and 6,882,999 in respect of the Orange Vision 2020 and LTIP 2018-2020 free share award plans) and at December 31, 2017 it held 497,625 treasury shares (of which 476,000 in respect of the liquidity contract). Accounting policies Treasury shares are recorded as a deduction from equity, at acquisition cost. Gains and losses arising from the sale of treasury shares are recognized in consolidated reserves, net of tax. 15.3 Dividends Full Year Approved by Description Dividend Payout How Total per share date paid (in millions (in euro) of euros) 2020 Board of Directors Meeting on October 28, 2020 2020 interim dividend 0.40 December 9, 2020 Cash 1,064 Shareholders' Meeting on May 19, 2020 Balance for 2019 0.20 June 4, 2020 Cash 532 Total dividends paid in 2020 1,595 2019 Board of Directors Meeting on July 24, 2019 2019 interim dividend 0.30 December 4, 2019 Cash 796 Shareholders' Meeting on May 21, 2019 Balance for 2018 0.40 June 6, 2019 Cash 1,061 Total dividends paid in 2019 1,857 2018 Board of Directors Meeting on July 25, 2018 2018 interim dividend 0.30 December 6, 2018 Cash 796 Shareholders' Meeting on May 4, 2018 Balance for 2017 0.40 June 7, 2018 Cash 1,064 Total dividends paid in 2018 1,860 2017 Board of Directors Meeting on July 26, 2017 2017 interim dividend 0.25 December 7, 2017 Cash 665 Shareholders' Meeting on June 1, 2017 Balance for 2016 0.40 June 14, 2017 Cash 1,064 Total dividends paid in 2017 1,729 The amount available to provide a return to shareholders in the form of dividends is calculated on the basis of the total net income and retained earnings, under French GAAP, of the entity Orange SA, the Group’s parent company. 15.4 Subordinated notes Nominal value of subordinated notes Issues and purchases of subordinated notes are presented below: Issue Issue Initial nominal value Initial nominal value Initial curren- December 31, 2018 Redemp- December 31, 2019 Redemp- December 31, 2020 Residual nominal value Initial issue date (in millions of currency) (in millions of euros) cy Rate (in millions of euros) tion (in millions of euros) tion (in millions of euros) (in millions of currency) 2/7/2014 1,000 1,000 EUR 4.25 % 1,000 (1,000) — — — — 2/7/2014 1,000 1,000 EUR 5.25 % 1,000 — 1,000 — 1,000 1,000 2/7/2014 650 782 GBP 5.875 % 782 — 782 (268) 514 427 10/1/2014 1,000 1,000 EUR 4.00 % 1,000 (500) 500 (382) 118 118 10/1/2014 1,250 1,250 EUR 5.00 % 1,250 — 1,250 — 1,250 1,250 10/1/2014 600 771 GBP 5.75 % 771 — 771 (50) 721 561 4/15/2019 1,000 1,000 EUR 2.375 % — 1,000 1,000 — 1,000 1,000 9/19/2019 500 500 EUR 1.75 % — 500 500 — 500 500 10/15/2020 700 700 EUR 1.75 % — — — 700 700 700 Issues and purchases of subordinated notes 5,803 5,803 5,803 – Orange has a call option on each of these tranches respectively from February 7, 2020, February 7, 2024, and February 7, 2022 and upon the occurrence of certain contractually-defined events. Step-up clauses provide for coupon adjustments of 0.25% in 2025 and an additional 0.75% in 2040 for the first tranche, 0.25% in 2024 and an additional 0.75% in 2044 for the second tranche, and 0.25% in 2027 and an additional 0.75% in 2042 for the third tranche. On October 1, 2014, as part of its EMTN program, Orange issued the equivalent of 3 billion euros of deeply subordinated notes in three tranches. A revision of interest rates based on market conditions is provided for contractually on each call option exercise date. Orange has a call option on each of these tranches respectively from October 1, 2021, October 1, 2026, and April 1, 2023 and upon the occurrence of certain contractually-defined events. Step-up clauses provide for coupon adjustments of 0.25% in 2026 and an additional 0.75% in 2041 for the first tranche, 0.25% in 2026 and an additional 0.75% in 2046 for the second tranche, and 0.25% in 2028 and an additional 0.75% in 2043 for the third tranche. Both issuances were the subject of a prospectus approved by the AMF under visa nos. 14-036 and 14-525. Under IFRS, these instruments are recognized at their historical value. The tranches denominated in pounds sterling were recognized at the ECB fix rate on the issue date (0.8314 for the issue of February 7, 2014 and 0.7782 for the issue of October 1, 2014) and will not be re-measured through the life of the note. – Orange has a call option on this tranche from April 15, 2025 (first date for the revision of the rates of the tranche in question) and upon the occurrence of certain contractually-defined events. Step-up clauses provide for a coupon adjustment of 0.25% in 2030 and an additional 0.75% in 2045. On September 19, 2019, as part of its EMTN program, Orange issued the equivalent of 500 million euros of deeply subordinated notes. A revision of interest rates based on market conditions is provided for contractually on each call option exercise date. Orange has a call option on this tranche from March 19, 2027 (first date for the revision of the rates of the tranche in question), and upon the occurrence of certain contractually-defined events. Step-up clauses provide for a coupon adjustment of 0.25% in 2032 and an additional 0.75% in 2047. These issuances were the subject of a prospectus approved by the AMF (under visa nos. 14-036, 14-525, 19-152 and 19-442 respectively). On December 12, 2019, the Group announced its intention to exercise, on February 7, 2020, in accordance with contractual provisions, its call option concerning the remaining 500 million euros of the tranche with an initial nominal value of 1 billion euros, already partially bought back in April 2019. As a result of Orange’s commitment to buy back this last tranche, it was reclassified as a debt instrument and is therefore presented as a short-term financial liability at December 31, 2019. The coupons due relating to this tranche were recognized in other current liabilities for 21 million euros at December 31, 2020 and were paid in 2020. – Orange has a call option on this tranche from July 15, 2028 (first date for the revision of the rates of the tranche in question), and upon the occurrence of certain contractually-defined events. Step-up clauses provide for a coupon adjustment of 0.25% in 2033 and an additional 0.75% in 2048. This issuance of subordinated notes was the subject of a prospectus approved by the AMF (visa no. 20-509). All notes, listed on Euronext Paris, are deeply subordinated notes (senior compared to ordinary shares): the holders will only be remunerated (whether for the nominal, interest or any other amount) after all other creditors, including holders of participating loans and securities, simply subordinated or not, representing a claim on Orange. At each interest payment date, settlement may be either paid or deferred, at the option of the issuer. Deferred coupons are capitalized and become due and payable in full under certain circumstances defined contractually and under the control of Orange. Gains (losses) on disposal, premiums and issuance costs related to issues/redemptions of subordinated notes are presented under “reserves” in equity. The Group understands that some rating agencies assign an “equity” component from 0 to 50% to capital instruments. Subordinated notes remuneration The remuneration of holders is recorded in equity five working days before the annual payment date, unless Orange exercises its right to defer the payment. The tax impact relating to the remuneration of subordinated notes is recorded through profit or loss in the period. Since their issuance, Orange has not exercised its right to defer the coupon payments related to subordinated notes. The remuneration of subordinated notes is as follows: 2020 2019 2018 Initial nominal value Initial nominal value Initial Initial issue date (in millions of currency) (in millions of euros) currency Rate (in millions of currency) (in millions of euros) (in millions of currency) (in millions of euros) (in millions of currency) (in millions of euros) 2/7/2014 1,000 1,000 EUR 4.25 % (21) (21) (46) (46) (42) (42) 2/7/2014 1,000 1,000 EUR 5.25 % (53) (53) (52) (52) (52) (52) 2/7/2014 650 782 GBP 5.88 % (47) (55) (38) (44) (38) (44) 10/1/2014 1,000 1,000 EUR 4.00 % (21) (21) (31) (31) (40) (40) 10/1/2014 1,250 1,250 EUR 5.00 % (63) (63) (63) (63) (63) (63) 10/1/2014 600 771 GBP 5.75 % (36) (39) (35) (39) (35) (39) 4/15/2019 1,000 1,000 EUR 2.38 % (24) (24) — — — — 9/19/2019 500 500 EUR 1.75 % (4) (4) — — — — 10/15/2020 700 700 EUR 1.75 % — — — — — — Subordinated notes remuneration paid (279) (276) (280) Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 21 (21) - Subordinated notes remuneration classified in equity (258) (297) (280) The tax effects from the conversion of subordinated notes whose par value is denominated in pounds sterling, and from the gains and losses on disposal, premiums and issuance costs on subordinated notes that have been refinanced, are presented under “other movements” in the consolidated statement of changes in shareholders’ equity and amounted to (2) million euros in 2020, and 51 million euros in 2019 (including 25 million euros related to the conversion). Accounting policies Subordinated notes The Group issued subordinated notes in several tranches. These instruments have no maturity and the coupon settlement may be deferred at the option of the issuer. They are booked in equity. As equity instruments are recognized at historical value, the tranche denominated in foreign currency is never re-measured. Where appropriate, a translation adjustment impact is booked in equity when a call option is exercised. The remuneration of holders is recorded directly in equity at the time of the decision to pay the coupons. The tax impact related to the remuneration is accounted for through profit or loss, and that related to the remeasurement of the foreign currency portion is accounted for in equity. Equity component of perpetual bonds redeemable for shares (TDIRAs) (see Note 13.4) The equity component is determined as the difference between the fair value of the instrument taken as a whole and the fair value of the debt component. The equity component thus determined and recognized at inception is not subsequently re-measured and remains in equity, even when the instrument is extinguished. 15.5 Translation adjustment (in millions of euros) 2020 2019 2018 Gain (loss) recognized in other comprehensive income during the period (414) 90 (6) Reclassification to net income for the period 0 (12) (1) Total translation adjustments (414) 78 (7) (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Polish zloty 668 807 785 Egyptian pound (503) (455) (532) Slovak koruna 220 220 220 Leone (143) (120) (95) Other (327) (123) (126) Total translation adjustments (85) 329 252 o/w share attributable to the owners of the parent company (256) 78 15 o/w share attributable to non-controlling interests 171 251 237 Accounting policies The functional currency of foreign operations located outside the euro area is generally the local currency, unless the major cash flows are made with reference to another currency (such as the Orange entities in Romania – euros and in the Democratic Republic of the Congo – US dollars). The financial statements of foreign operations whose functional currency is neither the euro nor the currency of a hyper-inflationary economy are translated into euros (the Group’s presentation currency) as follows: – – – The translation adjustments are reclassified to profit or loss when the entity disposes or partially disposes (loss of control, loss of joint control, loss of significant influence) of its interest in a foreign operation through the sale, liquidation, repayment of capital or abandon of all, or part of, that activity. The reduction in the carrying value of a foreign operation, either because of its own losses or because of the recognition of an impairment loss, does not lead to a reclassification through profit or loss of the accumulated translation adjustments. Recycling of translation adjustments is presented in profit or loss within: – – – 15.6 Non-controlling interests The data presented below concern all entities of the following groups: (in millions of euros) 2020 2019 (1) 2018 Credit part of net income attributable to non-controlling interests (a) 297 290 271 o/ w Sonatel 197 191 188 o/ w Orange Belgium 26 16 15 o/ w Côte d'Ivoire 43 36 25 o/ w Jordan Telecom 11 12 12 o/ w Orange Polska — 11 — Debit part of net income attributable to non-controlling interests (b) (63) (71) (67) o/ w Orange Bank (51) (65) (59) o/ w Orange Polska (3) — (2) Total part of net income attributable to non-controlling interests (a) + (b) 233 218 204 Credit part of comprehensive income attributable to non-controlling interests (a) 256 299 297 o/ w Sonatel 176 181 195 o/ w Orange Belgium 25 16 15 o/ w Côte d’Ivoire 39 36 26 o/ w Jordan Telecom — 15 20 o/ w Orange Polska — 12 — Debit part of comprehensive income attributable to non-controlling interests (b) (98) (69) (84) o/ w Orange Bank (50) (62) (62) o/ w Orange Polska (35) — (17) o/ w Jordan Telecom (3) — — Total part of comprehensive income attributable to non-controlling interests (a) + (b) 158 230 213 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). (in millions of euros) 2020 2019 2018 Dividends paid to minority shareholders 225 248 246 o/ w Sonatel 165 192 190 o/ w Médi Telecom 24 22 20 o/ w Orange Belgium 14 14 14 o/ w Jordan Telecom 9 13 14 (in millions of euros) December 31, December 31, December 31, 2020 2019 (1) 2018 Credit part of equity attributable to non-controlling interests (a) 2,653 2,700 2,594 o/ w Orange Polska 953 986 973 o/ w Sonatel 755 736 744 o/ w Orange Belgium 285 275 273 o/ w Jordan Telecom 154 166 164 o/ w Médi Telecom 127 148 153 Debit part of equity attributable to non-controlling interests (b) (10) (13) (14) Total equity attributable to non-controlling interests (a) + (b) 2,643 2,687 2,580 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). Accounting policies Commitments to purchase non-controlling interests (put options) When the Group grants firm or contingent commitments to purchase holdings from non-controlling shareholders, the carrying value of the non-controlling interests is reclassified to financial debt. When the amount of the commitment exceeds the amount of the non-controlling interests, the difference is recorded as a reduction in equity attributable to the owners of the parent company. Financial debt is re-measured at each reporting period end in accordance with the contractual arrangements (at fair value or at present value if fixed price) and, in the absence of any guidance provided by IFRS, with a counterparty in net finance costs. Non-controlling interests that are debtors Total comprehensive income of a subsidiary is attributed to the owners of the parent company and to the non-controlling interests. In accordance with IFRS 10, this can result in the non-controlling interests having a deficit balance. Transactions with owners Each transaction with minority shareholders of an entity controlled by the Group, when not resulting in a loss of control, is accounted for as an equity transaction with no effect on consolidated comprehensive income. 15.7 Earnings per share Net income Net income, Group share, used for calculating basic and diluted earnings per share is determined according to the following method: (in millions of euros) 2020 2019 2018 Net income - basic 4,822 3,004 1,954 Effect of subordinated notes (255) (268) (293) Net income attributable to the owners of the parent company - basic (adjusted) 4,567 2,736 1,661 Impact of dilutive instruments: TDIRA 9 12 — Net income attributable to the owners of the parent company - diluted 4,577 2,747 1,661 Number of shares The weighted average number of shares used for calculating the basic and diluted earnings per share is presented below: (number of shares) 2020 2019 2018 Weighted average number of ordinary shares outstanding 2,656,122,534 2,652,532,564 2,656,683,856 Impact of dilutive instruments on number of ordinary shares: TDIRA 26,945,386 33,780,544 — Free share award plan (LTIP) 720,936 1,662,103 1,419,415 Weighted average number of shares outstanding - diluted 2,683,788,856 2,687,975,211 2,658,103,271 The average market price of the Orange share in 2020 was higher than the fair value adopted under the LTIP 2019-2021 and 2020-2022 free share award plans (see Note 7.3). The number of shares corresponding to this difference is dilutive at December 31, 2020. The average market price of the Orange share in 2019 and 2018 was higher than the fair value adopted under the Orange Vision 2020, LTIP 2018-2020 and 2019-2021 free share award plans (see Note 7.3). The number of shares corresponding to this difference was dilutive at December 31, 2019 and December 31, 2018. The TDIRAs were included in the calculation of diluted net earnings per share at December 31, 2020 and December 31, 2019, since they are dilutive. Earnings per share (in euros) 2020 2019 2018 Earning per share - basic 1.72 1.03 0.63 Earning per share diluted 1.71 1.02 0.62 Accounting policies Earnings per share The Group discloses both basic earnings per share and diluted earnings per share for continuing operations and discontinued operations: – – When basic earnings per share are negative, diluted earnings per share are identical to basic earnings per share. In the event of a capital increase at a price lower than the market price, and in order to ensure comparability of the reporting periods shown, the weighted average numbers of shares outstanding in current and previous periods are adjusted. Treasury shares owned, which are deducted from the consolidated equity, do not enter into the calculation of earnings per share. |
Unrecognized contractual commit
Unrecognized contractual commitments (excluding Orange Bank) | 12 Months Ended |
Dec. 31, 2020 | |
Unrecognized contractual commitments [abstract] | |
Unrecognized contractual commitments (excluding Orange Bank) | Note 16 Unrecognized contractual commitments (telecom activities) At December 31, 2020, Orange is not aware of having entered into any commitment involving entities controlled by the Group that may have a material effect on its current or future financial position, other than the commitments described in this note. 16.1 Operating activities commitments (in millions of euros) Total Less than From one More than one year to five years five years Operating activities commitments 13,720 4,007 4,695 5,018 Operating leases commitments 489 66 191 233 Handsets purchase commitments 568 557 9 2 Transmission capacity purchase commitments 1,767 202 522 1,043 Other goods and services purchase commitments 3,240 928 1,428 884 Investment commitments 1,739 498 820 422 Public initiative networks commitments 4,423 1,160 1,424 1,839 Guarantees granted to third parties in the ordinary course of business 1,493 596 302 595 Lease commitments Lease commitments include real estate leases relating to contracts for which the underlying asset will be available after December 31, 2020 and leases for which the Group applies the exemptions allowed by IFRS 16 (see Note 10). (in millions of euros) Minimum future lease payments Property lease commitments 459 o/w technical activities 21 o/w shops/offices activities 438 Maturities are set forth below: (in millions of euros) Minimum Less than 1-2 2-3 3-4 4-5 More than future one year years years years years five years lease payments Property lease commitments 459 52 47 44 43 41 232 The lease commitments correspond to the outstanding minimum future lease payments until the normal date of renewal of the leases or the earliest possible termination date. Real estate lease commitments in France represent 90% of all real estate lease commitments. Transmission capacity purchase commitments Transmission capacity purchase commitments as at December 31, 2020 represented 1,767 million euros. They included 408 million euros for the provision of satellite transmission capacity (the term of these commitments extends until 2029 depending on the contracts) as well as an agreement on the use of an FTTH network in Spain in the amount of 915 million euros. Other goods and services purchase commitments The Group’s other goods and services purchase commitments mainly relate to network maintenance and management, as well as the acquisition of content. At December 31, 2020, these commitments include: – – – – – – – Investment commitments At the end of December 2020, investment commitments amounted to 1,739 million euros. In addition to these commitments, which are expressed in monetary terms, the Group made certain commitments to the national regulatory authorities such as ensuring certain coverage of the population concerning by fixed or mobile networks, particularly in the context of assignment of licenses and quality of service. These commitments will require investment expenditure in future years to roll out and enhance the networks. They are not shown in the table above if they have not been expressed in monetary terms, which is usually the case. The Group has accordingly agreed to meet the following conditions: In France: – – the rollout of sites (3,000 sites by the end of 2022, 8,000 sites by the end of 2024 and 10,500 sites by the end of 2025), of which 25% must be located in rural areas or industrial areas outside of very densely populated areas; – widespread availability of a 5G service at all sites by the end of 2030, an obligation that may be met either with the 3.4-3.8 GHz band or another band; – the provision of a speed of at least 240 Mbps per sector from 75% of sites by the end of 2022, 85% of sites by the end of 2024, 90% of sites by the end of 2025, and 100% of sites by the end of 2030; – coverage of the main highways by the end of 2025, major roads by the end of 2027; – the provision of differentiated services and activation of the IPv6 network protocol (Internet Protocol version 6). In addition, the commitments made by Orange to participate in the first stage of the procedure and which made it possible to obtain 50 MHz at a reserve price became obligations in the authorization issued: – from the end of 2023, Orange will have to provide a fixed offer from sites using the 3.5 GHz band and a fixed offer to cover the premises that benefit from fixed-access radio network services; – Orange will have to meet reasonable requests for the provision of services from private sector companies and public sector structures, provide indoor coverage, offer hosting for mobile virtual network operators (MVNOs) and be transparent about network failures and planned rollouts. – – Orange proposed that it commit to ensuring that, within its FTTH deployment scope in the AMII area, unless refused by third parties, that 100% of homes and professional premises would have access to FTTH sales offers by the end of 2020 (including a maximum 8% of premises connectable on demand) and that 100% of homes and professional premises would be made connectable by the end of 2022. Subsequent to the Arcep opinion, these proposals were accepted by the government in July 2018; – Outside of the AMII area, Orange proposed that it make deployment commitments within the AMEL area the Vienne, Haute-Vienne, Deux-Sèvres and Lot-et-Garonne departments; – Lastly, Orange proposed to make commitments outside of the AMII and AMEL areas in the following departments: Orne, Hautes-Pyrénées, Yvelines, Territoire-de-Belfort, Guadeloupe and Martinique. – – targeted programs for the improvement of coverage, with the coverage of 5,000 areas by operators by 2029; – the generalization of 4G by the end of 2020 on almost all existing mobile sites; – the acceleration of the coverage of the transport routes, ensuring that the main road and rail routes have 4G coverage; – the supply of a fixed 4G service and the extension of the service to 500 additional sites upon request from the government by 2020; – the widespread use of telephone coverage inside buildings, proposing voice over Wi-Fi and SMS over Wi-Fi offers and offers involving the indoor coverage of buildings upon request; – the improvement of reception quality throughout the country, particularly in rural areas, with good coverage (according to the Arcep decision No. 2016-1678 relative to publications giving information on mobile coverage) by 2024/2027. – – coverage obligations in “priority deployment areas” (40% of the country within 5 years, 92% within 12 years and 97.7% within 15 years) and in “white area” not yet covered by a broadband network (100% within 12 years), at the level of priority road routes (100% within 15 years) and at the level of the national rail network (60% within 7 years, 80% within 12 years and 90% within 15 years). – – an optional commitment to host mobile virtual network operators (MVNOs) on certain technical and pricing terms under Full MVNO schemes; – an obligation to provide mobile coverage with theoretical maximum download speeds – for the 800 MHz band, specifically: a coverage obligation in priority areas (40% of the country within 5 years, 90% within 10 years) with no obligation to provide roaming services, a coverage obligation in each department (90% within 12 years, 95% within 15 years) and an obligation to pool resources in communities covered by the “white area” program. In Europe: – – an obligation to provide 5G services using a new radio access network within two years of the award; – an obligation to cover 95% of the population of the regional capitals by the end of 2025, 90% of the population outside the regional capitals and 70% of the total population by the end of 2027. In Africa & Middle-East: – – a coverage obligation of 90% of the population in 3 years; – an obligation to cover in 5 years all territory in the inhabited border areas of Senegal whose number of inhabitants is equal to or greater than 200; – a coverage obligation on national roads and highways in 2 years. – – Non-compliance with these obligations could result in fines and other sanctions ultimately including the withdrawal of licenses awarded. Management believes that the Group has the ability to fulfill these commitments towards government authorities. Commitments related to Public Initiative Networks As part of the deployment of the High and Very High Speed network in France, the Group entered into contracts via Public Initiative Networks (mainly public service delegation and public-private partnerships contracts as well as public design, construction, operation and maintenance contracts). The commitments relating to these network construction, concession and operation contracts amounted to 4,423 million euros at December 31, 2020. In addition to the guarantees given by Orange on behalf of the Public Initiative Networks, the commitments will result in the recognition of 1,448 million euros of intangible assets, 2,420 million euros of expenses and 555 million euros of financial receivables. Maturities are staggered to 2043. Guarantees granted to third parties in the ordinary course of business Commitments made by the Group to third parties in the ordinary course of business represented 1,493 million euros at December 31, 2020. They include performance guarantees granted to some of its Enterprise customers, in particular in the context of network security and remote access, and also include 350 million euros in respect of the guarantee granted by the Group to the ARCEP corresponding to the reserve price of a 5G frequency block as part of the auction process in 2020. The amount of guarantees granted by the Group to third parties (financial institutions, partners, customers and government agencies) to cover the performance of the contractual obligations of non-consolidated entities is not significant. Guarantees granted by the Group to cover the performance of the contractual obligations of the consolidated subsidiaries are not considered as unrecognized contractual commitments, as they would not increase the Group’s commitments in comparison to the underlying obligations of the consolidated subsidiaries. 16.2 Consolidation scope commitments Asset and liability warranties granted in relation to disposals Under the terms of agreements between certain Group companies and the acquirers of certain assets, the Group is subject to warranty clauses relating to assets and liabilities. Nearly all material sale agreements provide for ceilings on these warranties. At December 31, 2020, the main warranties in effect were the following: – – 50/50 – – Orange believes that the risk of these warranties being enforced is remote and that the potential consequences of their being called are not material with respect to the Group’s results and financial position. Commitments relating to securities Under the terms of agreements with third parties, Orange can make or receive commitments to purchase or to sell securities. The on-going commitments at December 31, 2020 are not likely to have material impacts on the Group’s financial position. Orange Tunisie Under the terms of the shareholders’ agreement with Investec dated May 20, 2009, Orange has a call option giving it the right to purchase at market value 1% of the share capital of Orange Tunisie plus one share, subject to regulatory authorizations. If this option were to be exercised, Orange would take control of Orange Tunisie. Investec would then have the right to sell to Orange 15% of the share capital of Orange Tunisie at market value. 16.3 Financing commitments The Group’s main commitments related to borrowings are set out in Note 14. Orange has pledged (or given as guarantees) certain investment securities and other assets to financial institutions or used them as collateral to cover bank loans and credit facilities. Guarantees granted to some lending institutions to finance consolidated subsidiaries are not set out below. Assets covered by commitments The items presented below do not include the impact of the regulation on the transferability of the assets or the possibility of contractual restrictions in network asset sharing agreements. As of December 31, 2020 Orange has no material pledge on its subsidiaries’ securities. (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Assets held under finance leases 716 636 574 Non-current pledged, mortgaged or receivership assets (1) 20 366 453 Collateralized current assets 2 2 21 Total 739 1,004 1,048 (1) Non-current pledged, mortgaged or receivership assets are shown excluding cash collateral deposits, which are presented in Note 13.7. Non-current pledged or mortgaged assets comprise the following assets given as guarantees: December 31, 2020 Total in statement of Amount of asset pledged, Percentage (in millions of euros) financial position (a) mortgaged or receivership (b) (b)/(a) Intangibles assets, net (excluding goodwill) 15,042 18 0 % Property, plant and equipment, net 29,069 1 0 % Non-current financial assets 1,516 — — Other (1) 35,627 — — Total 81,255 20 0 % (1) This item mainly includes net goodwill, interests in associates, net deferred tax assets, non-current derivatives assets and rights of use. |
Mobile Financial Services activ
Mobile Financial Services activities | 12 Months Ended |
Dec. 31, 2020 | |
Banking activities [abstract] | |
Mobile Financial Services activities | Note 17 Mobile Financial Services activities 17.1 Financial assets and liabilities of Mobile Financial Services The financial statements of Mobile Financial Services activities were put into the format of Orange group’s consolidated financial statements and therefore differ from a presentation that complies with the banking format. In order to improve the readiness of financial statements and to be able to distinguish the performance of telecom activities from the performance of Mobile Financial Services, the notes related to financial assets and liabilities as well as financial income or expenses are split to respect these two business areas. Note 13 presents the financial assets, liabilities and related gains and losses specific to telecom activities and Note 17 concerns the activities of Mobile Financial Services with regard to its assets and liabilities, with net financial income being not material. The following table reconciles the contributive balances of assets and liabilities for each of these two areas (intra-group transactions between telecom activities and Mobile Financial Services activities are not eliminated) with the consolidated statement of financial position as of December 31, 2020. (in millions of euros) Orange O/w telecom Note O/w Mobile Note O/w eliminations consolidated activities Financial telecom financial Services activities / mobile statements financial services Non-current financial assets related to Mobile Financial Services activities 1,210 — 1,210 17.1.1 — Non-current financial assets 1,516 1,544 13.7 — (27) (1) Non-current derivatives assets 132 132 13.8 — 17.1.3 — Current financial assets related to Mobile Financial Services activities 2,075 — 2,077 17.1.1 (2) Current financial assets 3,259 3,259 13.7 — — Current derivatives assets 162 162 13.8 — 17.1.3 — Cash and cash equivalents 8,145 7,891 14.3 254 — Non-current financial liabilities related to Mobile Financial Services activities — — 27 17.1.2 (27) (1) Non-current financial liabilities 30,089 30,089 13.3 — — Non-current derivatives liabilities 844 769 13.8 75 17.1.3 — Current financial liabilities related to Mobile Financial Services activities 3,128 — 3,128 17.1.2 — Current financial liabilities 5,170 5,172 13.3 — (2) Current derivatives liabilities 35 35 13.8 — 17.1.3 — (1) Loan granted by Orange SA to Orange Bank. The Mobile Financial Services segment includes Orange Bank and other entities. As the contribution of other entities to the statement of financial position of the Mobile Financial Services segment and a fortiori of the Group was not material, only Orange Bank data is presented in detail below. Accounting policies Since the concept of current or non-current is non-existent in bank accounting, financial assets and liabilities related to loans and borrowings to customers or credit institutions (the ordinary activities of a bank) are classified as current for all periods presented. With regard to other financial assets and liabilities, classification as current and non-current has been made in light of both the original intention of management and the nature of the assets and liabilities in question. For instance, with regard to Orange Bank’s other financial assets, since investments are managed by portfolio, only the transaction portfolios (financial assets at fair value through profit or loss) have been recognized in current financial assets. 17.1.1 Financial assets related to Orange Bank transactions (excluding derivatives) The financial assets in connection with the transactions of Orange Bank break down as follows: (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Non-current Current Total Total Total Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss 2 — 2 2 1 Investments securities 2 — 2 2 1 Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss 538 3 540 656 925 Debt securities 538 3 540 656 925 Financial assets at fair value through profit or loss 94 — 94 179 152 Investments at fair value — — — 79 72 Cash collateral paid 74 — 74 76 57 Other 20 — 20 25 23 Financial assets at amortized cost 577 2,074 2,651 3,519 3,614 Fixed-income securities 577 2 579 506 614 Loans and receivables to customers — 2,000 2,000 1,937 2,000 Loans and receivables to credit institutions — 70 70 1,073 1,000 Other — 2 2 3 — Total financial assets related to Orange Bank activities 1,210 2,077 3,288 4,357 4,692 Debt securities at fair value through other comprehensive income that may be reclassified subsequently to profit or loss (in millions of euros) 2020 2019 2018 Debt securities measured at fair value through other comprehensive income that may be reclassified to profit or loss - in the opening balance 656 925 786 Acquisitions 386 165 487 Repayments and disposals (500) (442) (333) Changes in fair value 1 9 (8) Other items (3) (1) (7) Debt securities measured at fair value through other comprehensive income that may be reclassified to profit or loss - in the closing balance 540 656 925 (in millions of euros) 2020 2019 2018 Profit (loss) recognized in other comprehensive income during the period 1 8 (8) Reclassification in net income during the period 0 1 — Other comprehensive income related to Orange Bank 1 9 (8) Loans and receivables of Orange Bank Loans and receivables of Orange Bank are composed of loans and receivables to customers and credit institutions. In the context of adapting the bank’s accounts into the Group’s financial statements, the following have been considered as loans and advances to customers: clearing accounts and other amounts due, as well as amounts related to securities transactions on behalf of customers. (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Overdrafts 802 869 910 Housing loans 869 876 824 Investment loans 129 163 206 Installment receivables (1) 183 — — Current accounts 10 17 21 Other 7 12 39 Total loans and receivables to customers 2,000 (2) 1,937 2,000 Overnight deposits and loans — 945 850 Loans and receivables 52 85 85 Other 18 43 65 Total loans and receivables to credit institutions 70 1,073 1,000 (1) Purchase of Orange Spain receivables. (2) At December 31, 2020, Orange Bank is engaged in a self-subscribed securitization program of a portfolio of French personal loans for approximately 600 million euros. Accounting policies Financial assets – Certain investment securities which are not consolidated or equity-accounted, and cash investments such as negotiable debt securities, deposits and mutual funds (UCITS), that are compliant with the Group’s risk management policy or investment strategy, may be designated by Orange Bank as being recognized at fair value through profit or loss. These assets are recognized at fair value at inception and subsequently. All changes in fair value are recorded in profit or loss. – Investment securities which are not consolidated or equity-accounted are, subject to exceptions, recognized as assets at fair value through other comprehensive income that may not be reclassified to profit or loss. They are recognized at fair value at inception and subsequently. Temporary changes in value and gains (losses) on disposals are recorded in other comprehensive income that may not be reclassified to profit or loss. – (FVOCIR) Assets at fair value through other comprehensive income that are or may be reclassified subsequently to profit or loss mainly include investments in debt securities. They are recognized at fair value at inception and subsequently. Temporary changes in value are recorded in other comprehensive income that are or may be reclassified subsequently to profit or loss. In case of disposal, the cumulative profit (or loss) recognized in other comprehensive income is reclassified to profit or loss. – This category primarily comprises miscellaneous loans and receivables as well as fixed-income securities held with the aim of collecting contractual flows. These instruments are recognized at fair value at inception and are subsequently measured at amortized cost using the effective interest method. Impairment and provisions are recorded as soon as loans are granted or commitments are concluded, without waiting for the appearance of an objective indication of impairment. Impairment and provisions are updated as the credit risk evolves (see below "Impairment of financial assets"). Impairment of financial assets In accordance with IFRS 9, debt instruments classified as financial assets at amortized cost or as financial assets at fair value through other comprehensive income, rental receivables, financing commitments and financial guarantees given are systematically subject to impairment or a provision for expected credit loss. These impairments and provisions are recorded as soon as loans are granted, commitments are concluded or bond securities are acquired, without waiting for the appearance of an objective indication of impairment. To do this, the financial assets concerned are split into three categories according to the change in credit risk observed since their initial recognition and a depreciation is recorded on the amount outstanding of each of these categories as follows: - - - 17.1.2 Financial liabilities related to Orange Bank transactions (excluding derivatives) (in millions of euros) December 31, 2020 December 31, 2019 December 31,2018 Payables to customers 1,883 (1) 3,357 3,396 Debts with financial institutions 885 448 1,103 Deposit certificate 358 475 335 Other 30 28 28 Total Financial liabilities related to Orange Bank activities (2) 3,155 4,307 4,862 (1) The decrease on payables to customers is mainly due to the discontinuation of Groupama group companies' account-holding activities. (2) Including 28 million euros of non-current financial liabilities in 2020, 2019 and 2018. Debts related to Orange Bank transactions are composed of customer deposits and bank debts with financial institutions. (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Current accounts 949 2,546 2,538 Passbooks and special savings accounts 908 781 776 Other 26 30 82 Total payables to customers 1,883 3,357 3,396 Term borrowings and advances 615 448 467 Securities delivered under repurchase agreements 270 — 636 Total debts with financial institutions 885 448 1,103 17.1.3 Derivatives qualified as fair value hedges The main unmatured fair value hedges at the end of 2020 and set up by Orange Bank concern the following interest rate swaps: – – Obligations Assimilables du Trésor indexées sur l'inflation française – Obligations Assimilables du Trésor – – The ineffective portion of these hedges recognized in profit or loss in 2020 was not material. Cash flow hedge derivatives At January 1, 2020, Orange Bank had documented a micro-hedge of its issues with interest rate swaps which, at the end of 2020, represented: – Trading Derivatives – – – 17.2 Information on market risk management with respect to Orange Bank activities Orange Bank has its own risk management system in accordance with banking regulations. In terms of banking regulation, Orange Bank is under the supervision of the French Prudential Supervision and Resolution Authority ( Autorité de contrôle prudentiel et de résolution Orange Bank’s activities expose it to all of the risks defined by the ordinance of November 3, 2014, relating to the internal control of companies in the banking, payment services and investment services sector subject to the control of the ACPR: – – – – – – The size of the bank and its moderate risk profile led to the choice of standard methods regarding the application of Regulation No. 575/2013 of the European Parliament and of the Council on June 26, 2013. Orange Bank does not intervene on complex products. For market operations, the strategy defines, on one hand, the limits implemented and controlled and, on the other hand, the quality of the authorized signatories. In addition, the Bank has defined and regularly tests its business continuity system. The Bank has also undertaken, as comprehensively as possible, the identification and assessment of its operational risks, for which it also monitors occurrences. In line with regulations, and in particular Titles IV and V of the Ordinance of November 3, 2014, the bank’s Executive Committee, upon recommendation of the Risk Management Department, sets the institution’s risk policy, in particular regarding selection of customers and risks, modalities and rules for granting loans, and delegations of authority. The Risk Management Department analyzes and monitors risks, carries out the necessary controls and produces reports for various committees: the Credit Committee (management of counterparty risk), Risks and Audit Committee (management of operational risks), ALM Committee (management of market, interest rate and liquidity risks) and the Executive Committee. 17.2.1 Market risk management Orange Bank does not carry out trading operations on its own behalf, its market activity only concerns investments to optimize liquidity management and purchases mainly of interest rate hedges. Since the start of the health crisis, Orange Bank has noted an increase in credit risk for all counterparties issuing on the financial markets. The rise in expected and unexpected loss during the health crisis has increased the average probability of default of the securities portfolio. To ensure the quality of the investments held by the bank, a stress test was carried out on the portfolio and the results showed good resistance to the various simulated shocks. Nevertheless, as a precautionary measure, the investment rules have been reviewed, in particular by reducing the limits on the sectors most affected by the pandemic, reviewing the maturities and reassessing the probability of default of each counterparty. Market risk was characterized by increased volatility on all financial markets with a return to normal at the end of 2020. The absence of exposure to trading portfolios, the bank’s low exposure in terms of its investment portfolios and the fact that it has a significant proportion of low-risk government securities have made it possible to minimize the potential risks. 17.2.2 Liquidity risk management The onset of the health crisis was characterized by difficulty in accessing liquidity on the financial markets. Orange Bank anticipated this situation by deciding to retain significant liquidity and continued to manage its liquidity prudently throughout the crisis. At the end of December 2020, the LCR ratio (short-term liquidity ratio) was 435%, thus providing sufficient liquidity to cover any short-term needs. The Net Stable Funding Ratio (NSFR) was 150%. In order to anticipate future liquidity needs, Orange Bank intensified the diversification of its funding sources, notably with the launch of a securitization program and an increase in deposit receipts (unaudited regulatory ratios). 17.2.3 Credit risk management Orange Bank has maintained a cautious provisioning policy. At the end of 2020, and in line with the requirements of IFRS 9 to take into account economic forecasts in estimating future losses, the bank reviewed the economic scenarios used to determine the provisions for credit risk relating to commitments to customers. Provisions have been increased to anticipate the expected increase in defaults in 2021. The cost of credit risk amounted to (30) million euros (i.e. 1.6% of average outstandings), of which (15) million euros related to the health crisis (i.e. 0.8% of average outstandings). In France, a provision of 6 million euros was recognized on consumer loans at December 31, 2020. It takes into account three scenarios (central, optimistic and pessimistic) weighted respectively at 70%, 20% and 10% on the provisioning model of the economic forecasts of GDP in France published by the Banque de France and the OECD. For mortgage loans and other markets (large companies, professionals and private banking), Orange Bank recognized a provision of 5 million euros for sectors deemed vulnerable, such as hotels and commercial real estate. Despite the quality of borrowers and existing guarantees, the bank estimates that the health crisis could still lead to business failures. In Spain, Orange Bank recognized a provision of 4 million euros to cover the impacts of the health crisis on the portfolio of installment receivables. Orange Bank has also recorded a provision of 4 million euros on the consumer credit portfolio with the aim of taking into account the impact of the entry into force of the new definition of default from January 1, 2021. In addition, and in response to the health crisis, Orange Bank has adapted its credit management practices by adhering to the FBF-ASF market protocol concerning deferral and rescheduling of loans to companies and professionals. At December 31, 2020, the total exposure related to customers whose payments had been deferred amounted to 15 million euros (1.8% of the portfolio) for mortgage loans, 22 million euros (2.7% of outstandings) for consumer loans and 66 million euros (25% of the portfolio) for company and professional portfolios. The majority of postponements have expired and the resumption of repayments took place without significant incidents. 17.2.4 Remaining term to maturity The following table details the remaining terms of Orange Bank’s financial assets and liabilities, calculated on the basis of the contractual maturity dates: – – – (in millions of euros) Note December 31, 2021 2022 to 2026 2020 2025 and beyond Investments securities 17.1.1 2 — 2 — Debt securities 17.1.1 540 161 359 20 Investments at fair value 17.1.1 — — — — Fixed-income securities 17.1.1 579 183 232 165 Loans and receivables to customers 17.1.1 2,000 306 1,006 688 Loans and receivables to credit institutions 17.1.1 70 70 — — Other financial assets and derivatives 96 76 3 17 Total financial assets 3,288 796 1,602 890 Payable to customers 17.1.2 1,883 1,883 — — Debts with financial institutions 17.1.2 885 278 606 — Deposit certificate 17.1.2 358 190 168 — Other financial liabilities and derivatives 105 1 52 52 Total financial liabilities 3,230 2,352 826 52 17.2.5 Fair value of financial assets and liabilities of Orange Bank (in millions of euros) December 31, 2020 Classification Book value Estimated Level 1 and Level 2 Level 3 under IFRS fair value cash 9 (1) Loans and receivables 17.1.1 AC 2,070 2,070 — 2,070 — Financial assets at amortized cost 17.1.1 AC 581 580 580 — — Financial assets at fair value through profit or loss 17.1.1 FVR 94 94 94 — — Debt securities 17.1.1 FVOCIR 540 540 540 — — Investments securities 17.1.1 FVOCI 2 2 2 — — Cash and cash equivalent (2) 17.1 AC 254 254 254 — — Financial liabilities related to Orange Bank activities 17.1.2 AC (3,155) (3,155) — (3,155) — Derivatives (net amount) (3) 17.1.3 (75) (75) — (75) — (1) "AC" stands for "amortized cost", "FVR " stands for "fair value through profit or loss", "FVOCI" stands for "fair value through other comprehensive income that will not be reclassified to profit or loss", "FVOCIR" stands for "fair value through other comprehensive income that may be reclassified to profit or loss". (2) Includes only cash. (3) The classification for derivatives instruments depends on their hedging qualification. (in millions of euros) December 31, 2019 Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 (1) value fair value and cash Loans and receivables 17.1.1 AC 3,010 3,010 — 3,010 — Financial assets at amortized cost 17.1.1 AC 509 501 501 — — Financial assets at fair value through profit or loss 17.1.1 FVR 179 179 179 — — Debt securities 17.1.1 FVOCIR 656 656 628 28 — Investments securities 17.1.1 FVOCI 2 2 2 — — Cash and cash equivalent (2) AC 369 369 369 — — Financial liabilities related to Orange Bank activities 17.1.2 AC (4,307) (4,307) — (4,307) — Derivatives (net amount) (3) (74) (74) — (74) — (2) "AC" stands for "amortized cost", "FVR " stands for "fair value through profit or loss", "FVOCI" stands for "fair value through other comprehensive income that will not be reclassified to profit or loss", "FVOCIR" stands for "fair value through other comprehensive income that may be reclassified to profit or loss". (3) Includes only cash. (4) The classification for derivatives instruments depends on their hedging qualification. (in millions of euros) December 31, 2018 Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 (1) value fair value and cash Loans and receivables 17.1.1 AC 3,000 3,000 — 3,000 — Financial assets at amortized cost 17.1.1 AC 614 641 605 36 — Financial assets at fair value through profit or loss 17.1.1 FVR 152 152 152 — — Debt securities 17.1.1 FVOCIR 925 925 862 63 — Investments securities 17.1.1 FVOCI 1 1 1 — — Cash and cash equivalent (2) AC 553 553 553 — — Financial liabilities related to Orange Bank activities 17.1.2 AC (4,862) (4,862) — (4,862) — Derivatives (net amount) (3) (46) (46) — (29) (17) (1) "AC" stands for "amortized cost", "FVR " stands for "fair value through profit or loss", "FVOCI" stands for "fair value through other comprehensive income that will not be reclassified to profit or loss", "FVOCIR" stands for "fair value through other comprehensive income that may be reclassified to profit or loss". (2) Includes only cash. (3) The classification for derivatives instruments depends on their hedging qualification. 17.3 Orange Bank’s unrecognized contractual commitments As at December 31, 2020, Orange Bank is not aware of having entered into any commitment that may have a material effect on its current or future financial position, other than the commitments mentioned below. Commitments given (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Financing commitments (1) 87 421 444 Guarantee commitments 8 8 12 On behalf of financial institutions 4 4 8 On behalf of customers 3 4 4 Property lease commitments — 23 37 Total 94 452 493 (1) Corresponds to credit commitments granted to customers, credits granted but not yet released and unused portion of financing granted. As at December 31, 2019, these commitments also included a financing commitment for Groupama of 320 million euros, a commitment which ended in 2020 due to the discontinuation of the account-keeping activity that Orange Bank provided with entities of the Groupama group. Commitments received (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Received from financial institutions (1) 770 747 681 Received from customers 102 149 153 Total 872 896 834 (1) Corresponds to guarantees received from Crédit Logement to counter-guarantee the mortgages distributed. Assets covered by commitments (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Assets pledged as security to lending financial institutions as guarantees for bank loans 1,160 1,126 715 Total 1,160 1,126 715 |
Litigation
Litigation | 12 Months Ended |
Dec. 31, 2020 | |
Legal proceedings provision [abstract] | |
Litigation | Note 18 Litigation This note presents all of the significant disputes in which the Group is involved with the exception of litigation relating to disputes between Orange and the tax or social administrations in relation to operational or income taxes or social contributions. These disputes are described, respectively, in Notes 11 and 7.2. As at December 31, 2020, the provisions for risks recorded by the Group for all the disputes (except those presented in Notes 11 and 7.2) amounted to 525 million euros (versus 643 million euros at December 31, 2019 and 572 million euros at December 31, 2018). Orange believes that any disclosure on a case-by-case basis could seriously harm the Group’s position. The balance and overall movements on provisions are presented in Note 6.2. France Mobile services – – inter alia Fixed-line services – – Other proceedings in France – – – – – Poland – – Romania – Middle East and Africa – – In order to provide its telecommunication services, the Group sometimes uses fixed assets of other parties. Terms of use of these assets are not always formalized. The Group is sometimes subject of claims and might be subject to future claims in this respect, which could result in a cash outflow in the future. The amount of the potential obligations or future commitments cannot be measured with sufficient reliability due to legal complexities involved. Other than proceedings that may be initiated in respect of tax and social audits (see Notes 7.2 and 11), there are no other administrative, legal or arbitration proceedings, including any proceedings that are pending, suspended or threatened, of which Orange is aware of, which may have or have had in the last 12 months a material impact on the Company’s and/or Group’s financial position or profitability. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of non-adjusting events after reporting period [abstract] | |
Subsequent events | Note 19 Subsequent events Orange Concessions On January 22, 2021, Orange has entered into an exclusive agreement with La Banque des Territoires (Caisse des Dépôts) |
Main consolidated entities
Main consolidated entities | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of subsidiaries [abstract] | |
Main consolidated entities | Note 20 Main consolidated entities As at December 31, 2020, the scope of consolidation consisted of 418 entities. The main changes in the scope of consolidation in 2020 are presented in Note 4.2. Regarding subsidiaries with minority interests: – – Pursuant to ANC Regulation No. 2016-09 of December 2, 2016 of the French Accounting Standards Authority, the full list of the companies included in the scope of consolidation, the companies excluded from the scope of consolidation and the non-consolidated equity investments, is available on the Group’s website (https://gallery.orange.com/finance#lang=en&v=5c6a1b51-a537-454e-b2d3-6e4664be2c6a) The list of the principal operating entities shown below was determined based on their contributions to the following financial indicators: revenue and EBITDAaL. Company Country Orange SA Parent company France Main consolidated entities France % Interest Country Orange SA – Business Unit France 100.00 France Orange Caraïbe 100.00 France Générale de Téléphone 100.00 France Alliance Très Haut Débit 100.00 France Auvergne Très Haut Débit 100.00 France Gironde Très Haut Débit 100.00 France Europe % Interest Country Orange Belgium 52.91 Belgium Orange Communications Luxembourg 52.91 Luxembourg Orange Spain and its subsidiaries 100.00 Spain Orange Moldova 94.41 Moldova Orange Polska and its subsidiaries 50.67 Poland Orange Romania 99.20 Romania Orange Slovensko 100.00 Slovakia Africa & Middle-East % Interest Country Orange Burkina Faso 85.80 Burkina Faso Orange Cameroon 94.40 Cameroon Orange RDC 100.00 Congo Orange Côte d'Ivoire 72.50 Côte d'Ivoire Orange Egypt for Telecommunications and its subsidiaries 99.96 Egypt Orange Guinée (1) 37.64 Guinea Orange Bissau (1) 38.04 Guinea-Bissau Jordan Telecom and its subsidiaries 51.00 Jordan Orange Mali (1) 29.37 Mali Médi Telecom (2) 49.00 Morocco Sonatel (1) 42.33 Senegal Enterprise % Interest Country Orange SA – Business Unit Enterprise 100.00 France Globecast Holding and its subsidiaries 100.00 France Orange Business Services SA and its subsidiaries 100.00 France Business & Decision and its subsidiaries 100.00 France Basefarm and its subsidiaries 100.00 Norway Orange Business Services Participations and its subsidiaries 100.00 United Kingdom SecureData and its subsidiaries 100.00 United Kingdom SecureLink and its subsidiaries 100.00 Netherlands International Carriers & Shared Services % Interest Country Orange SA - Business Unit IC&SS 100.00 France FT IMMO H 100.00 France Orange Marine 100.00 France Orange Studio 100.00 France OCS 66.67 France Orange Brand Services 100.00 United Kingdom Mobile Financial Services % Interest Country Orange Bank 75.86 France (1) Orange SA controls Sonatel and its subsidiaries, which are fully consolidated, under the terms of the shareholders' agreement as supplemented by the Strategic Committee Charter dated July 13, 2005 (Orange SA owns and controls 100% of Orange MEA, which owns and controls 42.33% of Sonatel Group). (2) Orange SA controls Medi Telecom and its subsidiaries, following the acquisition in December 2010 of 40% and the acquisition in July 2015 of additional interests for 9% and 1.1% of usufruct (Orange SA owns and controls 100% of Orange MEA, which owns and controls, via its subsidiary Atlas Country Support, 49% of Medi Telecom). |
Auditors' fees
Auditors' fees | 12 Months Ended |
Dec. 31, 2020 | |
Auditors' fees | |
Auditors' fees | Note 21 Auditors’ fees As required by Decree no. 2008-1487 of December 30, 2008, the following table shows the amount of fees of the auditors of the parent company and their partner firms in respect of the fully consolidated subsidiaries. (in millions of euros) Audit and related services Other services Total Statutory audit fees, certification, Services required Sub-total rendered by auditing of the accounts by the law auditors' networks to o/w issuer o/w issuer fully-consolidated EY subsidiaries 2020 10.0 5.2 0.0 0.0 10.1 0.4 10.5 % 96 % 50 % 0 % 0 % 93 % 4 % 100 % 2019 10.2 5.1 0.3 — 10.5 0.4 10.8 % 94 % 48 % 3 % 0 % 97 % 3 % 100 % 2018 10.6 5.4 0.3 — 10.8 0.4 11.3 % 94 % 48 % 2 % 0 % 96 % 4 % 100 % KPMG 2020 10.2 5.1 0.5 0.2 10.7 0.1 10.8 % 94 % 47 % 5 % 2 % 99 % 1 % 100 % 2019 9.8 5.1 0.4 0.2 10.2 0.1 10.3 % 95 % 49 % 4 % 2 % 99 % 1 % 100 % 2018 10.9 6.3 0.5 0.3 11.4 0.1 11.5 % 95 % 55 % 4 % 2 % 99 % 1 % 100 % The services provided by the statutory auditors were authorized pursuant to the rules adopted by the Audit Committee and updated each year since October 2016. No fiscal services were provided by the statutory auditors. |
Basis of preparation of the con
Basis of preparation of the consolidated financial statements (Policies) | 12 Months Ended |
Dec. 31, 2020 | |
Document Information [Line Items] | |
Segment information (1.9) | Operating performance indicators The Group has applied IFRS 16 “Leases” since January 1, 2019. In 2019, this change in the standard led the Group to modify its key operating performance indicators and to define others: EBITDAaL (“EBITDA after Leases”) and eCapex (“economic CAPEX”). Reported EBITDA, adjusted EBITDA and CAPEX remain the performance indicators used for prior periods. Since 2019, these key operating performance indicators have accordingly been used by the Group to: – – The Group’s management believes that the presentation of these indicators is relevant as it provides readers with the same management indicators as those used internally. EBITDAaL relates to operating income (loss) before depreciation and amortization of fixed assets, effects resulting from business combinations, reclassification of translation adjustment from liquidated entities, impairment of goodwill and fixed assets, share of profits (losses) of associates and joint ventures, and after interests on debts related to financed assets and on lease liabilities, adjusted for: – – – – – – This measurement indicator allows for the effects of certain specific factors to be isolated, irrespective of their recurrence and the type of income and expense, when they are linked to: – – – – – – EBITDAaL is not a financial indicator defined by IFRS and may not be comparable to similarly-titled indicators used by other groups. It is provided as additional information only and should not be considered as a substitute for operating income or cash flow provided by operating activities. eCapex relates to acquisitions of property, plant and equipment and intangible assets excluding telecommunication licenses and financed assets, minus the disposal price of fixed assets. It is used internally as an indicator to allocate resources. eCAPEX is not a financial indicator defined by IFRS and may not be comparable to similarly-titled indicators used by other companies. The Group uses organic cash flow from telecom activities as an operating performance measure for telecom activities as a whole. Organic cash flow from telecom activities relates to net cash provided by telecom activities minus (i) repayment of lease liabilities and debts related to financed assets, (ii) purchases and disposals of property, plant and equipment and intangible assets, net of the change in fixed asset payables, (iii) excluding the effect of telecommunication licenses paid and principal litigations paid (and received). Organic cash flow is not a financial indicator defined by IFRS and may not be comparable to similarly-titled indicators used by other groups. Operating performance indicators used in 2018 Reported EBITDA related to operating income before depreciation and amortization, effects resulting from business combinations, reclassification of translation adjustment from liquidated entities, impairment of goodwill and fixed assets and share of profits (losses) of associates and joint ventures. Adjusted EBITDA related to reported EBITDA, adjusted for significant litigation, specific labor expenses, investment and business portfolio review, restructuring and integration costs and, where appropriate, other specific items. This measurement indicator allowed the effects of certain specific factors to be isolated from reported EBITDA, irrespective of their recurrence and the type of income or expense, when they were linked to: – – – – – Adjusted EBITDA and reported EBITDA were not financial indicators as defined by IFRS and were not comparable to similarly-titled indicators used by other groups. They were provided as additional information only and should not be considered as a substitute for operating income or cash flow provided by operating activities. CAPEX related to the acquisition of property plant and equipment and intangible assets excluding telecommunication licenses and investments financed through finance leases and were used internally as an indicator to allocate resources. CAPEX is not a financial indicator defined by IFRS and may not be comparable to similarly-titled indicators used by other companies. Assets and liabilities Inter-segment assets and liabilities are reported in each business segment. Non-allocated assets and liabilities for telecom activities mainly include external financial debt, external cash and cash equivalents, current and deferred tax assets and liabilities, as well as equity. Financial debt and investments between these segments are presented as non-allocated elements. For Mobile Financial Services, the line “other” includes the assets and liabilities listed above as well as loans and receivables and payables related to Mobile Financial Services transactions. The other accounting policies are presented within each note to which they refer. |
Basis of preparation of the financial statements (2.2) | 2.2 Basis of preparation of the financial statements The consolidated financial statements were approved by the Board of Directors’ Meeting on February 17, 2021 and will be submitted for approval at the Shareholders’ Meeting on May 18, 2021. The 2020 consolidated annual financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRSs) as endorsed by the European Union. Comparative figures are presented for 2019 and 2018 using the same basis of preparation. The data are presented in millions of euros, without a decimal. Rounding to the nearest million may in some cases lead to non-significant discrepancies in the totals and subtotals shown in the tables. For the reported periods, the accounting standards and interpretations endorsed by the European Union are similar to the compulsory standards and interpretations published by the International Accounting Standards Board (IASB) with the exception of the texts currently being endorsed, that have no effect on the Group accounts. Consequently, the Group financial statements are prepared in accordance with the IFRS standards and interpretations, as published by the IASB. The principles applied to prepare the 2020 financial data are based on: – – – Standard Alternative used IAS 1 Accretion expense on operating liabilities (employee benefits, environmental liabilities and licenses) Classification as financial expenses IAS 2 Inventories Measurement of inventories determined by the weighted average unit cost method IAS 7 Interest paid and received dividends Classification as net operating cash flows IAS 16 Property, plant and equipment Measurement at amortized historical cost IAS 38 Intangible assets Measurement at amortized historical cost IFRS 3R Non-controlling interests At the acquisition date, measurement either at fair value or at the portion of the net identifiable asset of the acquired entity – Topic Note Presentation of consolidated financial statements Financial statements and segment information Operating taxes and levies 11.1 Income taxes 11.2 Non-controlling interests: change in ownership interest in a subsidiary and transactions with owners 4 and 15.6 In the absence of any accounting standard or interpretation, management uses its judgment to define and apply an accounting policy that will result in relevant and reliable information, such that the financial statements: – – – – – |
Use of judgment and estimates (2.5.1) | 2.5.1 Use of judgment In addition to the alternatives or accounting positions mentioned above in 2.2, Management exercises judgment in order to define the accounting policies for certain transactions: Topic Nature of accounting judgment Notes 4 and 20 Control Requiring judgment in certain circumstances with respect to the existence or not of the control Continuous control assessment which can affect the scope of consolidation, as for instance when a shareholders’ agreement is revised or terminated, or when protective rights turn into substantive rights Note 5 Revenue Splitting transaction price between mobile and service Identification of distinct or non-distinct performance obligations Notes 6, 11 and 18 Purchases and other expenses, tax and litigation Litigation and tax: measurement of technical merits of the interpretations and legislative positions and qualification of the facts and circumstances Onerous supplier contracts: trigger event, nature of unavoidable costs Note 6 Purchases and other expenses Reverse factoring: distinguishing operating debt and financial debt Note 9 Fixed assets Qualifying network, sites or equipment sharing among operators as joint operations Note 10 Leases Determination of the non-cancellable lease term and assessment of the exercise or not of termination, extension and purchase option Separation of service and lease components of leases "TowerCos" arrangements: electing the unit of account (tower or used space) and analyzing the arrangements in order to determine whether they contain a lease Notes 13 and 15 Financial assets and liabilities and net finance costs Equity Distinguishing equity and debt: assessing specific contractual clauses 2.5.2 Use of estimates In preparing the Group’s consolidated annual financial statements, Orange’s management makes estimates, insofar as many elements included in the financial statements cannot be measured precisely. Management revises these estimates if the underlying circumstances evolve or in light of new information or more experience. Consequently, the estimates made at December 31, 2020 may subsequently be changed. The consequences of the health crisis on the economic environment have led the Group’s management to review some of its estimates (see Note 3). Topic Key sources of estimates on future income and/or cash flows Note 5 Revenue Deciding duration of legally binding rights and obligations Notes 6, 11 and 18 Risk of resources outflow linked to claims and litigation and to tax legislation Onerous contracts Underlying assumptions of the assessment of legal and fiscal positions Identifying and releasing of uncertain legal and tax positions Underlying assumptions of the assessment Notes 8.3, 8.4, 9.3, 9.4, 9.5 and 12 Measurement of the recoverable values for the impairment tests (goodwill, tangible and intangible assets, investments accounted for under the equity method) Sensitivity to discount rates, perpetual growth rate and business plans’ assumptions which affect the expected cash flows (revenues, EBITDAaL and investments) Assessing the competitive, economic and financial environment of the countries where the Group operates Note 11.2 Measurement of the recoverable value of deferred tax assets Assessing the deferred tax assets’ recovery timeline when a tax entity reverts to profitability or when the tax legislation limits the use of tax loss carryforward Note 9 Fixed assets Assessing assets’ useful life according to the change in the technological, regulatory or economic environment (notably the migration from the copper local loop into fiber and other greater bandwidth technologies, radio technology migration) Provision for dismantling and restoring sites: dismantling timeframe, discount rate, expected cost Note 10 Leases Determination of the incremental borrowing rate of the lease when the implied interest rate is not identifiable in the lease Determination of the term of certain leases Note 7.2 Employee benefits Sensitivity to discount rates Sensitivity to sign-up rate senior plans Notes 14 and 17 Fair value of financial assets and liabilities Models, selection of parameters, fair value hierarchy, evaluation of non-performance risks Furthermore, aside from the elements linked to the level of activity, income and future cash flows are sensitive to changes in financial market risks, notably interest rate and foreign exchange risks (see Note 13). |
Changes in scope of consolidation (4.3) | Changes in the scope of consolidation Entities are fully consolidated if the Group has the following: – – – When assessing control, IFRS 10 requires judgment and continuous assessment. Clarifications of when the ownership interest does not imply a de facto presumption are provided in Note 20 which lists the main consolidated entities. Joint ventures and companies over which the Group exercises significant influence (generally corresponding to an ownership interest of 20% to 50%) are accounted for using the equity method. When assessing the level of control or significant influence exercised over a subsidiary or associate, the existence and effect of any exercisable or convertible potential voting rights at the closing date is taken into account. |
Takeovers (business combinations) (4.3) | Takeovers (business combinations) Business combinations are accounted for using the acquisition method: – – " " " " " " For each business combination with an ownership interest below 100%, non-controlling interest is measured: – – Acquisition-related costs are directly recognized in operating income in the period in which they are incurred. When a business combination is achieved in stages, the previously held equity interest is re-measured at fair value at the acquisition date through operating income. The related other comprehensive income, if any, is fully reclassified to profit or loss. |
Internal transfer of consolidated shares (4.3) | Internal transfer of consolidated shares IFRS do not address the accounting treatment for the transfer of consolidated shares within the Group resulting in changes in ownership interest. The Group applies the following accounting policy: – – |
Assets held for sale (4.3) | Assets held for sale The Group qualifies an asset or group of assets as “held for sale” when: – – – Thus, when the Group is committed to a plan to sell involving the loss of control or significant influence over one of its assets, it classifies all assets and liabilities of the entities concerned under a separate line in the statement of financial position: "Assets/Liabilities held for sale", at a value equal to the lower of the net carrying value and the fair value net of disposal costs. In addition, when the asset or group of assets held for sale represents a major line of an operating segment, its contribution to the income statement is presented separately below “consolidated net income of continuing operations” and its cash flow contribution is presented in the statement of cash flows. |
Revenues (5.1) | Most revenue falls within the application scope of IFRS 15 “Revenue from contracts with customers.” Orange’s products and services are offered to customers under service-only contracts and contracts combining the equipment used to access services and/or other service offers. Revenue is recognized net of VAT and other taxes collected on behalf of governments. – Standalone service offers Orange offers its B2C and B2B customers a range of fixed and mobile telephony services, fixed and mobile Internet access offers and content offers (TV, video, media, added-value audio service, etc.). Some contracts are for a fixed term (generally twelve Service revenue is recognized when the service is provided, based on use (e.g. minutes of traffic or bytes of data processed) or the period (e.g. monthly service costs). Under some content offers, Orange may act solely as an agent enabling the supply by a third-party of goods or services to the customer and not as a principal in the supply of the content. In such cases, revenue is recognized net of amounts transferred to the third-party. Contracts with customers generally do not include a material right, as the price invoiced for contracts and the services purchased and consumed by the customer beyond the specific scope (e.g. additional consumption, options, etc.) generally reflect their standalone selling prices. There is no significant impact from contract modification for this type of service contract. Service obligations transferred to the customer at the same pace are treated as a single obligation. When contracts include contractual clauses covering commercial discounts (initial discount on signature of the lease or conditional on attaining a consumption threshold) or free offers (e.g. three months of subscription free of charge), the Group spreads these discounts or free offers over the enforceable period of the contract (period during which the Group and the customer have a firm commitment). Where applicable, the consideration payable to the customer is recognized as a deduction from revenue in accordance with the specific terms and conditions of each contract. If the performance obligations are not classified as distinct, the offer revenue is recognized on a straight-line basis over the contract term. One of the main applications of this method is the initial service connection in the context of a service contract and communication. It is not generally separable from the service contract and communication offer and is therefore recognized in income over the average term of the expected contractual relationship. – Separate equipment sales Orange offers its B2C and B2B customers several ways to buy their equipment (primarily mobile phones): equipment sales may be separate from or bundled with a service offer. When separate from a service offer, the amount invoiced is recognized in revenue on delivery and receivable immediately or in instalments over a period of up to 24 months. Where payment is received in instalments, the offer comprises a financial component and gives rise to the calculation of interest deducted from the amount invoiced and recognized over the payment period in net finance costs. Where Orange purchases and sells equipment to indirect channels, the Group generally considers that Orange maintains control until resale to the end-customer (the distributor acts as an agent), even where ownership is transferred to the distributor. Sale proceeds are therefore recognized when the end-customer takes possession of the equipment (on activation). – Bundled equipment and service offers Orange proposes numerous offers to its B2C and B2B customers comprising equipment (e.g. a mobile handset) and services (e.g. a communication contract). Equipment revenue is recognized separately from service revenue if the two components are distinct (i.e. if the customer can receive one or other of the services separately). Where one of the components in the offer is not at its separate selling price, revenue is allocated to each component in proportion to their individual selling prices. This is notably the case in offers combining the sale of a mobile phone at a reduced price, where the individual selling price of the mobile phone is considered equal to its purchase cost and logistics expenses plus a commercial margin based on market practice. The amount allocated to equipment sales is recognized under revenue on delivery in exchange for a contract asset, spread over the term of the service contract. The provision of a Livebox® (proprietary Internet box) is neither a separate component of the Internet access service offer nor a lease, as Orange maintains control of the box. – Services including a build and run phase For business clients, some contracts have two phases: construction and then management (operation and maintenance) of assets built and delivered to customers. Revenue recognition requires an analysis of the facts and circumstances of each contract in order to determine whether distinct performance obligations exist. Under these contracts, if the construction phase is classified as separate, the Group recognizes the revenue of this phase according to the percentage of completion. However, if the Group does not have a certain right to payment and/or if there is no continuous transfer of control of the asset under construction, then revenue for this phase is recognized upon completion. These contracts are generally multi-year, with scalable offers. On each contract modification, we assess the scope of the modification or its impact on the contract price in order to determine whether the modification should be treated as a distinct contract, as though the existing contract were terminated and a new contract signed, or whether the modification should be considered as a change to the existing contract. – Service offers to carriers (wholesale) Three types of commercial agreements are entered into with Carrier customers for domestic wholesale activities and International carrier offers: – pay-as-you-go model: contract generally applied to “legacy” regulated activities (bitstream call termination, local loop access, roaming and certain data solution contracts), where contract services are not covered by a firm volume commitment. Revenue is recognized as the services are provided (which relates to transfer of control) over the contractual term; – send-or-pay model: contract where the price, volume and term are defined. The customer has a commitment to pay the amount indicated in the contract irrespective of actual traffic consumed over the commitment period. This contract category notably includes certain MVNO (Mobile Virtual Network Operator), IDD (International Direct Dialing) or hubbing (call free floating) contracts. Related revenue is recognized progressively based on actual traffic during the period, to reflect transfer of control to the customer; – mix model: hybrid contract combining the “pay-as-you-go” and “send-or-pay” models, comprising a fixed entry fee paid by the customer providing access to preferential pricing conditions for a given volume (“send-or-pay” component). In addition to this entry fee, an amount is invoiced based on traffic consumption (“pay-as-you-go” component). The amount invoiced for the entry fee included in this type of commercial agreement is recognized progressively in revenue based on actual traffic over the period. Current agreements between major transit carriers are not billed or cross-billed (free peering) and are therefore not recognized in revenue. – Service level commitment clause The contracts entered into by Group and its customers include service level commitments regarding the processing of orders, delivery and after sales support (delivery time, performance, service reinstatement time). If the Group fails to comply with one of these commitments, it then pays compensation to the customer, which is usually a tariff reduction. The projected amount of these penalties is recognized as a deduction from revenue whenever it is expected that the commitment will not be fulfilled. – Public-private service concession arrangements The Group rolls out and/or operates certain networks under service concessions, such as the public initiative networks implemented in France to roll out fiber-optic networks in less populated areas. Some contracts are analyzed in accordance with IFRIC 12 “Service concession arrangements.” When the Group builds a network, construction revenue is recognized as counterparty to a right to receive a consideration from either a public entity or users of the public service. This right is accounted for as: – an intangible asset in respect of the right to receive payments from public service users amounting to the fair value of the corresponding infrastructure. This asset is amortized over the term of the contract; and/or – a financial receivable in respect of the unconditional right to receive royalties from the public entity, for the fair value of the consideration expected from the public entity. This receivable is recognized at amortized cost. – Leases Orange’s lease income is related either to its regulatory obligations to lease technical sites to its competitors, to the supply of equipment in certain contracts with business clients, or to the granting of rights of use meeting the criteria for leasing network equipment, i.e. occasional leases of surplus space in certain buildings to third parties. Lease revenues are recognized on a straight-line basis over the contract term, except for certain equipment leases to business clients, which are classified as finance leases; in such cases the equipment is considered sold on credit. |
Trade receivables (5.3) | Trade receivables are mainly short-term with no stated interest rate and are measured in the statement of financial position at original invoice amount, in accordance with IFRS 15. Those trade receivables which include deferred payment terms over 12 or 24 months for the benefit of customers buying a mobile telephone are discounted and classified as current items in the statement of financial position. Receivables from financial leases on equipment leased to companies are recognized as current operating receivables because they are acquired in the normal course of business. In order to meet the requirements of IFRS 9, the impairment of trade receivables is based on three methods: – – – Identification of impairment losses for a group of receivables represents the step preceding identification of impairment for individual receivables. As soon as information is available (clients in bankruptcy or subject to equivalent judicial proceedings), these receivables are then excluded from the statistical impairment database and individually impaired. The trade receivables may be part of non-recourse program. When they are sold to consolidated securitization mutual funds, they remain on the statement of financial position. Other sales to financial institutions may lead to their de-recognition in the event that legal ownership and almost all the risks and benefits of the receivables are transferred as described by IFRS 9. |
Customer contract net assets and liabilities (5.4) | Customer contract net assets and liabilities The timing of revenue recognition may differ from customer invoicing. Trade receivables presented in the consolidated statement of financial position represent an unconditional right to receive consideration (primarily cash), i.e. the services and goods promised to the customer have been transferred. In contrast, contract assets mainly refer to amounts allocated under IFRS 15 as compensation for goods or services provided to customers, but for which the right to collect payment is subject to providing other services or goods under that same contract (or group of contracts). This is the case in a bundled offer combining the sale of a mobile phone and mobile communication services for a fixed period, where the mobile phone is invoiced at a reduced price leading to the reallocation of a portion of amounts invoiced for telephone communication services to the supply of the mobile phone. The excess of the amount allocated to the mobile phone over the price invoiced is recognized as a contract asset and transferred to trade receivables as the service is invoiced. Contract assets, like trade receivables, are subject to impairment for credit risk. The recoverability of contract assets is also verified, especially to cover the risk of impairment should the contract be interrupted. Recoverability may also be impacted by a change in the legal environment governing offers. Contract liabilities represent amounts paid by customers to Orange before receiving the goods and/or services promised in the contract. This is typically the case for advances received from customers or amounts invoiced and paid for goods or services not yet transferred, such as contracts payable in advance or prepaid contracts (previously recognized in deferred income). Customer contract assets and liabilities are presented, respectively, in current assets and current liabilities since they are a normal part of the Group’s operations. |
Cost of obtaining a contract (5.4) | Where a telecommunication service contract is signed via a third-party distributor, this distributor may receive business provider remuneration, generally paid in the form of a commission for each contract or invoice-indexed commission. Where the Group considers the commission incremental and believes that it would not have been paid in the absence of the customer contract, the commission cost is estimated and capitalized in the balance sheet. It should be noted that the Group has adopted the simplification measure authorized by IFRS 15 to recognize the costs of obtaining contracts as an expense at the time they are incurred if the amortization period of the asset that the Group would have recognized in respect of them, does not exceed one year. The costs of obtaining fixed-period mobile service contracts are capitalized and recognized prorata temporis over the enforceable period of the contract, as these costs are generally incurred each time a customer renews the fixed period. The costs of obtaining fixed-line contracts for a pre-determined term for B2C market customers are expensed prorata temporis over the estimated period of the customer relationship. The costs of obtaining B2B and operator solution contracts are not material. |
Costs to fulfill a contract (5.4) | Contract fulfillment costs consist of all the initial contractual costs necessary to fulfill one or more performance obligations of a contract. These costs, when they are directly related to a contract, are capitalized and recognized prorata temporis over the enforceable period of the contract. At Group level, these costs mainly concern contracts for business clients, with, for example, design, installation, connection and migration fees that relate to a future performance obligation of the contract. The assumptions underlying the period over which the costs of fulfilling a contract are expensed are periodically reviewed and adjusted in line with observations; termination of the contractual relationship with the customer results in the immediate expensing of the remaining deferred costs. Where the carrying value of deferred costs exceeds the remaining consideration expected to be received for the transfer of the related goods and services, less expected costs relating directly to the transfer of these goods and services yet to be incurred, the excess amount is similarly immediately expensed. |
Unfulfilled performance obligations (5.4) | Unfulfilled performance obligations During allocation of the total contract transaction price to identified performance obligations, a portion of the total transaction price can be allocated to performance obligations that are unsatisfied or partially satisfied at the end of the reporting period. We have elected to apply certain available practical expedients when disclosing unfulfilled performance obligations, including the option to exclude expected revenues from unsatisfied obligations of contracts with an original expected duration of one year or less. These contracts are primarily monthly service contracts. In addition, certain contracts offer customers the ability to purchase additional services. These additional services are not included in the transaction price and are recognized when the customer exercises the option (generally on a monthly basis). They are not therefore included in unfulfilled performance obligations. Some multi-year service contracts with B2B and operator customers include fixed monthly costs and variable user fees. These variable user fees are excluded from the table of unfulfilled performance obligations. |
Other assets (5.6) | Other assets relating to “Submarine cable consortiums” Orange Money Since 2016, the Orange group has become an Electronic Money Issuer (“EMI”) in some of the countries in which it operates, via dedicated, approved, internal subsidiaries. Regulations state that EMIs, as last-resort guarantors for the reimbursement of e-money holders, are obliged to restrict the funds collected in exchange for the issue of e-money (obligation to protect holders). The e-money distribution model relies on Orange’s subsidiaries and third-party distributors. EMIs issue e-money (or units of value “UV”) at the request of these distributors in exchange for funds collected therefrom. The distributors then transfer the e-money to end holders. Within the Orange group, this restriction includes the protection of third-party holders (distributors and customers). These transactions have no impact on the Group's net financial debt and are listed under the following headings: – – These two headings are presented under “other assets” and “other liabilities” and under operating activities as “change in working capital requirement”. |
External purchases (6.1) | Firm purchase commitments are disclosed as unrecognized contractual commitments (see Note 16). Advertising, promotion, sponsoring, communication and brand development costs are recorded as expenses during the period in which they are incurred. At January 1, 2019, lease expenses include rental payments on leases with an enforceable period, with no option to extend, of 12 months or less, leases where the value, when new, of the underlying asset is less than approximately 5,000 euros, and variable lease payments which were not included in the measurement of the lease liability (see Note 10). |
Litigation (6.2) | Litigation In the ordinary course of business, the Group is involved in a number of legal and arbitration proceedings and administrative actions described in Note 18. The costs which may result from these proceedings are accrued at the reporting date if the Group has a present obligation towards a third party resulting from a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and the amount of that liability can be quantified or estimated within a reasonable range. The amount of provision recorded is based on a case-by-case assessment of the risk level, and events arising during the course of legal proceedings may require a reassessment of this risk. Where appropriate, litigation cases may be analyzed as contingent liabilities, which correspond to: – – Acquisition and integration costs Acquisition and integration costs are incurred at the time of acquisition of legal entities (costs linked to the acquisition of the entity, consultancy fees, training costs for new staff, migration costs associated with customer offers, labor expenses associated with the transition). They are incurred over a maximum period of 12 months following the acquisition date. |
Restructuring, and acquisition and integration costs (6.2 and 6.3) | Restructuring costs The adjustment of Group activities in line with changes in the business environment may also incur other types of transformation costs. These actions may have a negative effect on the period during which they are announced or implemented; for instance but not limited to, some of the transformation plans approved by the internal governance bodies. Provisions are recognized only when the restructuring has been announced and the Group has drawn up or started to implement a detailed formal plan prior to the end of the reporting period. The types of costs approved by the Group as restructuring costs primarily consist of: – – – – – |
Broadcasting rights and equipment inventories (6.4) | Network maintenance equipment and equipment intended for sale to customers are measured at the lower of cost or likely realizable value. The cost corresponds to the purchase or production cost determined by the weighted average cost method. Handset inventories include inventories treated as consignment with distributors when these are qualified, for accounting purposes, as agents in the sales of handsets bought from the Group. Film or sports broadcasting rights are recognized in the statement of financial position when they are available for exhibition and expensed when broadcast. |
Trade payables (6.6) | Trade payables resulting from trade transactions and settled in the normal operating cycle are classified as current items. They include those that have been financed by the supplier (with or without notification of transfer to financial institutions) under direct or reverse factoring, and those for which the supplier proposed an extended payment period to Orange and for which Orange confirmed the payment arrangement under the agreed terms. Orange considers these financial liabilities to carry the characteristics of trade payables, in particular due to the ongoing trade relationship, the payment schedules ultimately consistent with the operational cycle of a telecommunications operator in particular for the purchase of primary infrastructures, the supplier’s autonomy in the anticipated relationship and a financial cost borne by Orange that corresponds to the compensation of the supplier for the extended payment schedule agreed. For payables without specified interest rates, they are measured at nominal value if the interest component is negligible. For interest bearing payables, the measurement is at amortized cost. |
Employee benefits (7.2.3) | Post-employment benefits – – – their calculation is based on demographic (employee turnover, mortality, gender parity, etc.) and financial assumptions (salary increases, rate of inflation, etc.) defined at the level of each entity concerned; – the discount rate is defined by country or geographical area and by reference to market yields on high quality corporate bonds (or government bonds where no active market exists). Its computation is based on external indices commonly used as reference for the Eurozone; – actuarial gains and losses on post-employment benefits are fully recorded in other comprehensive income; – the Group’s defined benefit plans are generally not financed. In the rare cases where they are, hedging plan assets are set up by employer and employee contributions which are managed by separate legal entities whose investments are subject to fluctuations in the financial markets. These entities are generally administrated by joint committees comprising representatives of the Group and of the beneficiaries. Each committee adopts its own investment strategy which is designed to strike the optimum strategies to match assets and liabilities, based on specific studies performed by external experts. It is generally carried out by fund managers selected by the committees and depends on the market opportunities. Assets are measured at fair value, determined by reference to quoted prices, since they are mostly invested in listed securities (primarily shares and bonds) and the use of other asset categories is limited. Other long-term benefits may be granted Termination benefits |
Share-based payment (7.3) | Employee share-based compensation The determined amount is recognized in labor expenses on a straight-line basis over the vesting period, with as counterparty: – – |
Goodwill (8.4) | Goodwill recognized as an asset in the statement of financial position comprises the excess calculated: – – Goodwill is not amortized. It is tested for impairment at least annually and more frequently when there is an indication that it may be impaired. Thus, changes in general economic and financial trends, the different levels of resilience of the telecommunication operators with respect to the deterioration of local economic environments, changes in the market capitalization of telecommunication operators, as well as financial performance compared to market expectations represent external impairment indicators that are analyzed by the Group, together with internal performance indicators, in order to assess whether an impairment test should be performed more than once a year. These tests are performed at the level of each Cash-Generating Unit (CGU) (or group of CGUs). These generally correspond to business segments or to each country in the Africa and Middle East region and Europe. This is reviewed if the Group changes the level at which it monitors return on investment for goodwill testing purposes. To determine whether an impairment loss should be recognized, the carrying value of the assets and liabilities of the CGUs or groups of CGUs is compared to their recoverable amount, for which Orange uses mostly the value in use. Value in use is estimated as the present value of the expected future cash flows. Cash flow projections are based on economic and regulatory assumptions, license renewal assumptions and sales activity and investment forecasts drawn up by the Group’s management, as follows: – three- -five-year – – The key operating assumptions used to determine the value in use are common across Group’s business segments. Key assumptions for most CGUs include: – – – Tested net carrying values include goodwill, land and assets with finite useful lives (property, plant and equipment, intangible assets and net working capital requirements including intra-group balances). The Orange brand, an asset with an indefinite useful life, is subject to a specific test, see Note 9.3. If an entity partially owned by the Group includes goodwill attributable to non-controlling interests, the impairment loss is allocated between the shareholders of Orange SA and the non-controlling interests on the same basis as that on which profit or loss is allocated (i.e. ownership interest). Impairment loss for goodwill is recorded definitively in operating income. |
Depreciation and amortization (9.2) | Assets are amortized to expense their cost (generally with no residual value deducted) on a basis that reflects the pattern in which their future economic benefits are expected to be consumed. The straight-line basis is usually applied. The useful lives are reviewed annually and are adjusted if current estimated useful lives differ from previous estimates. This may be the case for outlooks on the implementation of new technologies (for example, the replacement of copper local loop by optical fiber). These changes in accounting estimates are recognized prospectively. Main assets Depreciation period (average) Brands acquired Up to 15 years, except for the Orange brand with an indefinite useful life Customer bases acquired Expected life of the commercial relationship: 3 to 16 years Mobile network licenses Grant period from the date when the network is technically ready and the service can be marketed Indefeasible Rights of Use of submarine and terrestrial cables Shorter of the expected period of use and the contractual period, generally less than 20 years Patents 20 years maximum Software 5 years maximum Development costs 3 to 5 years Buildings 10 to 30 years Transmission and other network equipment 5 to 10 years Copper cables, optical fiber and civil works 10 to 30 years Computer hardware 3 to 5 years |
Key assumptions and sensitivity of the recoverable amount of the Orange brand (9.3) | Given the nature of its assets and businesses, most of the Group’s individual assets do not generate cash flow independent of the cash flows generated by Cash-Generating Units. The recoverable amount is therefore determined at the level of the CGU (or group of CGUs) to which the assets belong, according to a method similar to that described for goodwill. The Orange brand has an indefinite useful life and is not amortized but is tested for impairment at least annually. Its recoverable amount is assessed based on the expected contractual royalties (and included in the business plan) discounted in perpetuity, less the costs attributable to the brand’s owner. |
Other intangible assets (9.4) | Intangible assets mainly consist of acquired brands, acquired customer bases, telecommunications licenses and software, as well as operating rights granted under certain concession agreement. Intangible assets are initially recognized at acquisition or production cost. The payments indexed to revenue, especially for some telecommunications licenses, are expensed in the relevant periods. The operating rights granted under certain concession arrangements are booked under other intangible assets and give right to charge users of the public service (see Note 5.1). |
Property, plant and equipment (9.5) | Property, plant and equipment are made up of tangible fixed assets and financed assets. They mainly comprise network facilities and equipment. The gross value of property, plants and equipment is made up of their acquisition or production cost, which includes study and construction fees as well as enhancement costs that increase the capacity of equipment and facilities. Maintenance and repair costs are expensed as incurred, except where they serve to increase the asset’s productivity or extend its useful life. The cost of property, plant and equipment also includes the estimated cost of dismantling, removing and restoring the site occupied due to the obligation incurred by the Group. The roll-out of assets by stage, especially for network assets, in the Group’s assessment, does not generally require a substantial period of preparation. As a result, the Group does not generally capitalize the interest expense incurred during the construction and acquisition phase for its property, plant and equipment and intangible assets. In France, the regulatory framework governing the optical fiber network roll-out (Fiber To The Home – FTTH) organizes the access by commercial operators to the last mile of networks rolled-out by another operator on a co-funding basis ( ab initio a posteriori The Group has entered into network sharing arrangements with other mobile operators on a reciprocal basis, which may cover passive infrastructure sharing, active equipment or even spectrum. As a reminder, before applying IFRS 16, the accounting principles related to the assets acquired in form of finance lease and in operating lease were the following: The assets acquired in form of finance lease did not affect the cash flow on acquisition. However, the subsequent rental payments during the leasing period represented interest payments (cash flow on operating activities) and capital repayments (cash flow on financing activities). The majority of the assets held under finance lease were office and network buildings. The land and buildings hosting radio sites could belong to the Group, or be held through a finance lease, or be available under an operating lease or be simply made available. The lease agreements of office buildings and points of sale generally were qualified as operating leases and the future lease payments were disclosed as unrecognized contractual commitments. Simultaneously the equipment, very often generic, of which the risks and rewards of ownership are transferred from the Group to third parties via a lease, was considered as sold. |
Fixed asset payables (9.6) | These payables are generated from trading activities. The payment terms can be over several years in the case of infrastructure roll-out and license acquisition. The payables due in more than 12 months are presented in non-current items. For payables without specified interest rates, they are measured at nominal value if the interest component is immaterial. For interest bearing payables, the measurement is at amortized cost. Trade payables also include those that the supplier may have sold with or without notifying financial institutions in a direct or reverse factoring arrangement (see Note 6.6). Firm purchase commitments are disclosed as unrecognized contractual commitments(see Note 16), net of any prepayment, which are recognized as prepayment on fixed assets. |
Current provisions for dismantling (9.7) | The Group is required to dismantle technical equipment and restore technical sites. When the obligation arises, a dismantlement asset is recognized in compensation for the dismantling provision. The provision is based on dismantling costs (on a per-unit basis for telephone poles, terminals and telephone booths, and on a per-site basis for mobile antennas) incurred by the Group to meet its environmental commitments over the asset dismantling and site restoration planning. The provision is assessed on the basis of the identified costs for the current fiscal year, extrapolated for future years using the best estimate of the commitment settlement. This estimate is revised annually and adjusted where appropriate against the asset to which it relates. The provision is present-discounted at a rate set by geographical area and equal to the average rate of risk-free investments in 15-year State bonds. In case of extinguishment of the obligation, the provision is reversed in compensation for the net carrying value of the dismantling asset and of the net carrying value of the underlying assets if the dismantling asset is less than the reversal of the provision. |
Leases (10) | The main accounting positions relating to the IFRS IC Committee's decision published in December 2019 on the terms of IFRS 16 leases are set out in Note 2.3.1. As a reminder, the new IFRS 16 "Leases" has been mandatory since January 1, 2019. The main effects of the implementation of IFRS 16 compared to the principles previously applied under IAS 17 (former standard) relate to the recognition of leases as lessee (see effects on the financial statements presented in Note 2.3.1). IFRS 16, which defines a lease as a contract that confers to the lessee the right to control the use of an identified asset, significantly changes the recognition of these contracts in the financial statements. Lease recognition rules for lessors are unchanged compared with IAS 17. All leases are recognized in the balance sheet as an asset reflecting the right to use the leased assets and a corresponding liability reflecting the related lease liabilities (see Notes 10.1 and 10.2). In the consolidated income statement, depreciation of right-of-use assets (see Note 10.1) is presented separately from the interest expenses on lease liabilities. In the consolidated statement of cash flows, cash outflows relating to interest expenses impact operating cash flows, while repayments of the lease liability impact financing cash flows. On first-time application, the Group adopted the simplified retrospective method and applied the following authorized practical expedients: − − − When the Group carries out a transaction qualified as sale and leaseback in accordance with IFRS 16, a right-of-use asset is recognized in proportion to the previous carrying value of the asset corresponding to the right-of-use asset retained as counterparty to a lease liability. A gain (or loss) on disposal of fixed assets is recognized in the income statement in proportion to the rights transferred to the buyer-lessor. The adjustment of the gain (or loss) on disposal recognized in the income statement for the share on which the Group retains its user rights via the lease relates to the difference between the right-of-use asset and the lease liability recognized in the balance sheet. Finally, the Group applies the two exemptions provided for in IFRS 16, concerning leases with a term of 12 months or less and leases where the value, when new, of the underlying asset is less than approximately 5,000 euros. Leases covered by either of these exemptions are presented in off-balance sheet commitments and an expense is recognized in external purchases in the consolidated income statement. The Group classifies as a lease a contract that confers to the lessee the right to control the use of an identified asset for a given period, including a service contract if it contains a lease component. The Group has defined four major categories of leases: − three − − − A right-of use is recognized as an asset, with a corresponding lease liability (see Note 10.2). This right-of-use asset is equal to the amount of the lease liability, plus any direct costs incurred under certain leases such as fees, lease negotiation expenses or administration costs and less rent-free period liabilities and lessor financial contributions. Work performed by the lessee and modifications to the leased asset, as well as guarantee deposits, are not components of the right-of-use asset and are recognized in accordance with other standards. Finally, the right-of-use asset is amortized in the consolidated income statement on a straight-line basis over the lease term adopted by the Group. The Group recognizes a liability (i.e. a lease liability) at the date the underlying asset is made available. This lease liability is equal to the present value of fixed and in-substance fixed payments not paid at that date, plus any amounts that Orange is reasonably certain to pay at the end of the lease, such as the exercise price of a purchase option (where it is reasonably certain to be exercised), or penalties payable to the lessor for terminating the lease (where such termination option is reasonably certain to be exercised). The Group only takes the lease component into account when measuring the lease liability. For certain asset classes where leases include both service and lease components, the Group may recognize a single contract, classified as a lease (i.e. without distinguishing between the service and lease components). Orange systematically determines the lease term as the period during which leases cannot be canceled, plus periods covered by any extension options that the lessee is reasonably certain to exercise and by any termination options that the lessee is reasonably certain not to exercise. In the case of “3/6/9” leases in France, the term adopted is assessed on a contract-by-contract basis. This period is also defined taking into account any laws and practices specific to each jurisdiction and business sector regarding the firm lease commitment term granted by lessors. The Group nonetheless assesses the enforceable period, based on the circumstances of each lease, taking into account certain indicators such as the existence of more than insignificant penalties in the event of termination by the lessee. To determine the length of this enforceable period, the Group considers the economic importance of the leased asset and the assumptions made in its strategic plan. When non-removable leasehold improvements have been made to leased assets, the Group assesses, on a case-by-case basis, whether these improvements provide an economic benefit when determining the enforceable period of the lease. When a lease includes a purchase option, the Group considers the enforceable period to be equal to the useful life of the underlying asset where the Group is reasonably certain to exercise the purchase option. For each lease, the discount rate used is determined based on the yield rate on government bonds in the lessee country, in accordance with the lease term and currency, to which the Group’s credit spread is added. After the lease commencement date, the amount of the lease liability may be reassessed to reflect changes introduced in the following main cases: − − − − |
Tax disputes (11.1.2) | VAT (Value Added Tax) receivables and payables correspond to the VAT collected or deductible from the various states. Collections and repayments to states have no impact on the income statement. In the normal course of business, the Group regularly deals with differences of interpretation of tax law with the tax authorities, which can lead to tax reassessments or tax disputes. Operating taxes and levies are measured by the Group at the amount expected to be paid or recovered from the tax authorities of each country, based on its interpretation with regard to the application of tax legislation. The Group calculates the tax assets, liabilities and accruals recognized in the statement of financial position based on the technical merits of the positions it defends versus that of the tax authorities. |
Income taxes (11.2.3) | Current income tax and deferred tax are measured by the Group at the amount expected to be paid or recovered from the tax authorities of each country, based on its interpretation with regard to the application of tax legislation. The Group calculates the tax assets and liabilities recognized in the statement of financial position based on the technical merits of the positions it defends versus that of the tax authorities. Deferred taxes are recognized for all temporary differences between the carrying values of assets and liabilities and their tax basis, as well as for unused tax losses, using the liability method. Deferred tax assets are recognized only when their recovery is considered probable. A deferred tax liability is recognized for all taxable temporary differences associated with investments in subsidiaries, interests in joint ventures and associates, except to the extent that both of the following conditions are satisfied: – – Accordingly, for fully consolidated companies, a deferred tax liability is only recognized in the amount of the taxes payable on planned dividend distributions by the Group. Deferred tax assets and liabilities are not discounted. At each period end, the Group reviews the recoverable amount of the deferred tax assets carried by certain tax entities with significant tax losses carryforwards. The recoverability of the deferred tax assets is assessed in the light of the business plans used for impairment testing. This plan may be adjusted for any tax specificities. Deferred tax assets arising on these tax losses are not recognized under certain circumstances specific to each company/tax consolidation group concerned, and particularly where: – – – – |
Interests in associates and joint ventures (12) | The carrying amount accounted for under the equity method corresponds to the initial acquisition cost increased by the share of profit or loss in the period. If an associate incurs losses and the carrying amount of the investment is reduced to zero, the Group ceases to recognize the additional share of losses since it has no commitment beyond its investment. An impairment test is performed at least annually and when there is objective evidence of impairment, for instance a decrease in the quoted price when the investee is listed, significant financial difficulty of the entity, observable data indicating that there is a measurable decrease in the estimated future cash flows, or information about significant changes having an adverse effect on the entity. An impairment loss is recorded when the recoverable amount is lower than the carrying amount, the recoverable amount being the higher of the value in use and the fair value less costs to sell. The unit of account is the whole investment. Any impairment is recognized as “Share of profits (losses) of associates and joint ventures”. Impairment losses shall be reversed once the recoverable amount exceeds the carrying amount. |
Cash and cash equivalents (13.3) | Cash and cash equivalents The Group classifies investments as cash equivalent in the statement of financial position and statement of cash flows when they comply with the conditions of IAS 7 (see cash management detailed in Notes 14.3 and 14.5): – – |
Bonds, loans, loans from multilateral lending institutions, and subordinated notes (13.3 and 15.4) | Bonds, bank loans and loans from multilateral lending institutions Among financial liabilities, only commitments to redeem non-controlling interests are recognized at fair value in profit or loss. Borrowings are recognized upon origination at the discounted value of the sums to be paid and subsequently measured at amortized cost using the effective interest rate method. Transaction costs that are directly attributable to the acquisition or issue of the financial liability are deducted from the liability’s carrying value. The costs are subsequently amortized over the life of the debt, using the effective interest rate method. Some financial liabilities at amortized cost, mainly borrowings, are subject to hedging. This relates mostly to borrowings hedged against the exposure of their future cash flows to foreign exchange risk (cash flow hedge). Subordinated notes The Group issued subordinated notes in several tranches. These instruments have no maturity and the coupon settlement may be deferred at the option of the issuer. They are booked in equity. As equity instruments are recognized at historical value, the tranche denominated in foreign currency is never re-measured. Where appropriate, a translation adjustment impact is booked in equity when a call option is exercised. The remuneration of holders is recorded directly in equity at the time of the decision to pay the coupons. The tax impact related to the remuneration is accounted for through profit or loss, and that related to the remeasurement of the foreign currency portion is accounted for in equity. |
Perpetual bonds redeemable for shares (TDIRA) (13.4 and 15.4) | Some Group financial instruments include both a liability component and an equity component. This relates to perpetual bonds redeemable for shares (TDIRA). On initial recognition, the liability component is measured at its market value, corresponding to the value of the contractually determined future cash flows discounted at the market rate applied at the date of issue to comparable instruments providing substantially the same conditions, but without the option to convert or redeem in shares. This liability component is subsequently recognized at amortized cost. The carrying amount of the equity component is determined at inception by deducting the fair value of the financial liability from the notional value of the instrument. This does not change throughout the life of the instrument. Equity component of perpetual bonds redeemable for shares (TDIRAs) (see Note 13.4) The equity component is determined as the difference between the fair value of the instrument taken as a whole and the fair value of the debt component. The equity component thus determined and recognized at inception is not subsequently re-measured and remains in equity, even when the instrument is extinguished. |
Derivatives (13.8) | Derivative instruments are measured at fair value in the statement of financial position and presented according to their maturity date, regardless of whether they qualify for hedge accounting under IFRS 9 (hedging instruments versus trading instruments). Derivatives are classified as a separate line item in the statement of financial position. Trading derivatives are non-qualified economic hedges. Changes in the value of these instruments are recognized directly in profit and loss. Hedge accounting is applicable when: – – There are three types of hedge accounting: – – – For transactions qualified as fair value hedges and economic hedges, the foreign exchange impact of changes in the fair value of derivatives is booked in operating income when the underlying hedged item results from operational transactions and in net finance costs when the underlying hedged item is a financial asset or liability. Hedge accounting can be terminated when the hedged item is no longer recognized, i.e. when the Group revokes the designation of the hedging relationship or when the hedging instrument is terminated or exercised. The accounting consequences are as follows: – – In both cases, subsequent changes in the value of the hedging instrument are recorded in profit or loss. Concerning the effects of the Foreign Currency Basis Spread, cross-currency swaps designated as cash flow hedges, the Group has chosen to designate them as costs of hedge. This option enables recognizing these effects in comprehensive income and amortizing the cost of the Basis Spread to profit/loss over the period of the hedge. |
Fair value measurement (14.8) | The financial assets and liabilities measured at fair value in the statement of financial position have been classified based on the three hierarchy levels: – – – The fair value of the financial assets at fair value through other comprehensive income ("FVOCI") For financial assets at amortized cost ("AC"), Among financial assets at fair value through profit or loss ("FVR"), The fair value of investment securities is the quoted price at year-end for listed securities and, for non-listed securities, uses a valuation technique determined according to the most appropriate financial criteria in each case (comparable transactions, multiples for comparable companies, shareholders’ agreement, discounted present value of future cash flows). For financial liabilities at amortized cost – – The Group considers the carrying value of trade payables and deposits received from customers to be a reasonable approximation of fair value, due to the high liquidity of these elements. The fair value of long-term trade payables is the value of future cash flows discounted at the interest rates observed by the Group at the end of the period. Financial liabilities at fair value through profit or loss The fair value derivatives When there are no reliable market data which identify the probability of default, the CVA (Credit Value Adjustment) and the DVA (Debit Value Adjustment) are measured based on historical default charts and CDS (Credit Default Swap) trends. Counterparty credit risk and the Group’s own specific default risk are also continuously monitored based on the monitoring of debt security credit spreads on the secondary market and other market information. Given the implementation of collateralization, and based on counterparty policies and the management of indebtedness and liquidity risk described in Note 14, CVA and DVA estimates are not material compared to the measurement of the related financial instruments. |
Treasury shares (15.2) | Treasury shares are recorded as a deduction from equity, at acquisition cost. Gains and losses arising from the sale of treasury shares are recognized in consolidated reserves, net of tax. |
Translation adjustment (15.5) | The functional currency of foreign operations located outside the euro area is generally the local currency, unless the major cash flows are made with reference to another currency (such as the Orange entities in Romania – euros and in the Democratic Republic of the Congo – US dollars). The financial statements of foreign operations whose functional currency is neither the euro nor the currency of a hyper-inflationary economy are translated into euros (the Group’s presentation currency) as follows: – – – The translation adjustments are reclassified to profit or loss when the entity disposes or partially disposes (loss of control, loss of joint control, loss of significant influence) of its interest in a foreign operation through the sale, liquidation, repayment of capital or abandon of all, or part of, that activity. The reduction in the carrying value of a foreign operation, either because of its own losses or because of the recognition of an impairment loss, does not lead to a reclassification through profit or loss of the accumulated translation adjustments. Recycling of translation adjustments is presented in profit or loss within: – – – |
Non-controlling interests (15.6) | Commitments to purchase non-controlling interests (put options) When the Group grants firm or contingent commitments to purchase holdings from non-controlling shareholders, the carrying value of the non-controlling interests is reclassified to financial debt. When the amount of the commitment exceeds the amount of the non-controlling interests, the difference is recorded as a reduction in equity attributable to the owners of the parent company. Financial debt is re-measured at each reporting period end in accordance with the contractual arrangements (at fair value or at present value if fixed price) and, in the absence of any guidance provided by IFRS, with a counterparty in net finance costs. Non-controlling interests that are debtors Total comprehensive income of a subsidiary is attributed to the owners of the parent company and to the non-controlling interests. In accordance with IFRS 10, this can result in the non-controlling interests having a deficit balance. Transactions with owners Each transaction with minority shareholders of an entity controlled by the Group, when not resulting in a loss of control, is accounted for as an equity transaction with no effect on consolidated comprehensive income. |
Earnings per share (15.7) | Earnings per share The Group discloses both basic earnings per share and diluted earnings per share for continuing operations and discontinued operations: – – When basic earnings per share are negative, diluted earnings per share are identical to basic earnings per share. In the event of a capital increase at a price lower than the market price, and in order to ensure comparability of the reporting periods shown, the weighted average numbers of shares outstanding in current and previous periods are adjusted. Treasury shares owned, which are deducted from the consolidated equity, do not enter into the calculation of earnings per share. |
Financial assets and liabilities of Orange Bank (17.1) | Since the concept of current or non-current is non-existent in bank accounting, financial assets and liabilities related to loans and borrowings to customers or credit institutions (the ordinary activities of a bank) are classified as current for all periods presented. With regard to other financial assets and liabilities, classification as current and non-current has been made in light of both the original intention of management and the nature of the assets and liabilities in question. For instance, with regard to Orange Bank’s other financial assets, since investments are managed by portfolio, only the transaction portfolios (financial assets at fair value through profit or loss) have been recognized in current financial assets. |
Impairment of financial assets (17.1.1) | Impairment of financial assets In accordance with IFRS 9, debt instruments classified as financial assets at amortized cost or as financial assets at fair value through other comprehensive income, rental receivables, financing commitments and financial guarantees given are systematically subject to impairment or a provision for expected credit loss. These impairments and provisions are recorded as soon as loans are granted, commitments are concluded or bond securities are acquired, without waiting for the appearance of an objective indication of impairment. To do this, the financial assets concerned are split into three categories according to the change in credit risk observed since their initial recognition and a depreciation is recorded on the amount outstanding of each of these categories as follows: - - - |
Telecom activities, operating segment [member] | |
Document Information [Line Items] | |
Financial assets (13.7 and 17.1.1) | Financial assets – Certain investment securities which are not consolidated or equity-accounted, and cash investments such as negotiable debt securities, deposits and mutual funds (UCITS), that are compliant with the Group’s risk management policy or investment strategy, may be designated by Orange as being recognized at fair value through profit or loss. These assets are recognized at fair value at inception and subsequently. All changes in fair value are recorded in net financial expenses. – Investment securities which are not consolidated or equity-accounted are, subject to exceptions, recognized as assets at fair value through other comprehensive income that may not be reclassified to profit/loss. They are recognized at fair value at inception and subsequently. Temporary changes in value and gains (losses) on disposals are recorded in other comprehensive income that may not be reclassified to profit/loss. – This category mainly includes loans and receivables. These instruments are recognized at fair value at inception and are subsequently measured at amortized cost using the effective interest method. If there is any objective evidence of impairment of these assets, the value of the asset is reviewed at the end of each reporting period. An impairment loss is recognized in the income statement when impairment tests demonstrate that the financial asset carrying amount is higher than its recoverable amount. For theses financial assets, the provisioning system also covers expected losses according to IFRS 9. |
Mobile Financial Services, operating segment [member] | |
Document Information [Line Items] | |
Financial assets (13.7 and 17.1.1) | Financial assets – Certain investment securities which are not consolidated or equity-accounted, and cash investments such as negotiable debt securities, deposits and mutual funds (UCITS), that are compliant with the Group’s risk management policy or investment strategy, may be designated by Orange Bank as being recognized at fair value through profit or loss. These assets are recognized at fair value at inception and subsequently. All changes in fair value are recorded in profit or loss. – Investment securities which are not consolidated or equity-accounted are, subject to exceptions, recognized as assets at fair value through other comprehensive income that may not be reclassified to profit or loss. They are recognized at fair value at inception and subsequently. Temporary changes in value and gains (losses) on disposals are recorded in other comprehensive income that may not be reclassified to profit or loss. – (FVOCIR) Assets at fair value through other comprehensive income that are or may be reclassified subsequently to profit or loss mainly include investments in debt securities. They are recognized at fair value at inception and subsequently. Temporary changes in value are recorded in other comprehensive income that are or may be reclassified subsequently to profit or loss. In case of disposal, the cumulative profit (or loss) recognized in other comprehensive income is reclassified to profit or loss. – This category primarily comprises miscellaneous loans and receivables as well as fixed-income securities held with the aim of collecting contractual flows. These instruments are recognized at fair value at inception and are subsequently measured at amortized cost using the effective interest method. Impairment and provisions are recorded as soon as loans are granted or commitments are concluded, without waiting for the appearance of an objective indication of impairment. Impairment and provisions are updated as the credit risk evolves (see below "Impairment of financial assets"). |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of operating segments [abstract] | |
Schedule of segment information | 1.1 Segment revenue (in millions of euros) Other European Eliminations France Spain countries Europe December 31, 2020 Revenue (3) 18,461 4,951 5,638 (9) Convergence services 4,559 1,984 733 — Mobile services only 2,245 1,012 2,026 — Fixed services only 3,959 (4) 471 611 — IT & integration services — 8 301 — Wholesale 5,866 916 1,017 (9) Equipment sales 1,187 547 828 — Other revenue 644 12 122 — External 17,794 4,908 5,559 — Inter-operating segments 667 43 79 (9) December 31, 2019 Revenue (3) 18,154 5,280 5,783 (12) Convergence services 4,397 2,092 623 — Mobile services only 2,324 1,161 2,143 — Fixed services only 4,086 (4) 501 644 — IT & integration services — 6 232 — Wholesale 5,487 901 1,071 (12) Equipment sales 1,351 620 898 — Other revenue 509 0 173 — External 17,492 5,230 5,695 — Inter-operating segments 662 50 88 (12) December 31, 2018 Revenue (3) 18,211 5,349 5,687 (13) Convergence services 4,458 2,143 467 — Mobile services only 2,348 1,215 2,194 — Fixed services only 4,168 (4) 496 697 — IT & integration services — 1 158 — Wholesale 5,342 810 1,150 (13) Equipment sales 1,410 684 868 — Other revenue 485 — 153 — External 17,615 5,299 5,601 — Inter-operating segments 596 50 86 (13) (1) Including, in 2020, revenue of 5,071 million euros in France, 13 million euros in Spain, 1,287 million euros in other European countries and 1,436 million euros in other countries. Including, in 2019, revenue of 5,233 million euros in France, 21 million euros in Spain, 1,077 million euros in other European countries and 1,489 million euros in other countries. Including, in 2018, revenue of 5,207 million euros in France, 21 million euros in Spain, 665 million euros in other European countries and 1,399 million euros in other countries. (2) Including revenue of 1,305 million euros in France in 2020, 1,374 million euros in 2019 and 1,412 million euros in 2018. (3) The description of different sources of revenue is presented in Note 5.1. (4) Including, in 2020, fixed only broadband revenue of 2,748 million euros and fixed only narrowband revenue of 1,212 million euros. Including, in 2019, fixed only broadband revenue of 2,699 million euros and fixed only narrowband revenue of 1,387 million euros. Including, in 2018, fixed only broadband revenue of 2,565 million euros and fixed only narrowband revenue of 1,603 million euros. (5) Including, in 2020, revenue of 1,237 million euros from voice services and revenue of 2,614 million euros from data services. Including, in 2019, revenue of 1,289 million euros from voice services and revenue of 2,674 million euros from data services. Including, in 2018, revenue of 1,385 million euros from voice services and revenue of 2,612 million euros from data services. (in millions of euros) Europe Africa & Enterpri-se (1) International Eliminations Total telecom Mobile Eliminations Orange Total Middle-East Carriers activities Financial telecom consolidated & Shared Services activities / mobile financial Services (2) finance services statements December 31, 2020 Revenue (3) 10,580 5,834 7,807 1,450 (1,855) 42,277 — (7) 42,270 Convergence services 2,717 — — — — 7,276 — — 7,276 Mobile services only 3,038 4,420 649 — (35) 10,317 — (0) 10,317 Fixed services only 1,083 562 3,851 (5) — (177) 9,278 — (0) 9,277 IT & integration services 310 25 3,086 — (164) 3,256 — (4) 3,252 Wholesale 1,924 695 45 1,038 (1,313) 8,255 — — 8,255 Equipment sales 1,375 89 175 — (5) 2,821 — (0) 2,821 Other revenue 134 43 — 412 (160) 1,073 — (2) 1,072 External 10,467 5,660 7,405 944 — 42,270 — — 42,270 Inter-operating segments 113 175 402 506 (1,855) 7 — (7) — December 31, 2019 Revenue (3) 11,051 5,646 7,820 1,498 (1,926) 42,242 — (4) 42,238 Convergence services 2,714 — — — — 7,111 — — 7,111 Mobile services only 3,304 4,230 727 — (40) 10,545 — (0) 10,544 Fixed services only 1,145 493 3,963 (5) — (178) 9,509 — (0) 9,508 IT & integration services 239 14 2,909 — (155) 3,006 — (3) 3,004 Wholesale 1,959 780 34 1,077 (1,404) 7,933 — — 7,933 Equipment sales 1,518 96 187 - (6) 3,146 — (0) 3,146 Other revenue 173 32 — 421 (142) 992 — (1) 991 External 10,925 5,430 7,437 955 — 42,238 — — 42,238 Inter-operating segments 126 216 383 543 (1,926) 4 — (4) — December 31, 2018 Revenue (3) 11,023 5,190 7,292 1,534 (1,866) 41,384 — (3) 41,381 Convergence services 2,610 — — — — 7,068 — — 7,068 Mobile services only 3,409 3,809 743 — (37) 10,272 — — 10,272 Fixed services only 1,193 435 3,997 (5) — (189) 9,604 — — 9,604 IT & integration services 159 21 2,312 — (141) 2,351 — (2) 2,349 Wholesale 1,947 811 35 1,150 (1,354) 7,931 — — 7,931 Equipment sales 1,552 85 205 — (7) 3,245 — — 3,245 Other revenue 153 29 — 384 (138) 913 — (1) 912 External 10,900 4,980 6,914 972 — 41,381 — — 41,381 Inter-operating segments 123 210 378 562 (1,866) 3 — (3) — 1.2 Segment revenue to consolidated net income in 2020 (in millions of euros) France Europe Other Elimina- European tions Spain countries Europe Total Revenue 18,461 4,951 5,638 (9) 10,580 External purchases (7,101) (2,774) (3,194) 9 (5,959) Other operating income 1,303 141 153 (0) 293 Other operating expenses (592) (185) (173) 0 (358) Labor expenses (3,663) (280) (632) — (912) Operating taxes and levies (955) (148) (90) — (238) Gains (losses) on disposal of fixed assets, investments and activities — — — — — Restructuring costs — — — — — Depreciation and amortization of financed assets (55) — — — — Depreciation and amortization of right-of-use assets (225) (260) (183) — (443) Impairment of right-of-use assets — — — — — Interests on debts related to financed assets (3) (1) — — — — Interests on lease liabilities (3) (8) (12) (19) — (30) EBITDAaL (1) 7,163 1,433 1,499 — 2,932 Significant litigations (1) (199) — — — — Specific labour expenses (1) (7) — 2 — 2 Fixed assets, investments and businesses portfolio review (1) 21 22 14 — 36 Restructuring programs costs (1) (5) (0) (2) — (2) Acquisition and integration costs (1) (1) — (7) — (7) Depreciation and amortization of fixed assets (3,157) (1,059) (1,129) — (2,187) Reclassification of translation adjustment from liquidated entities — — — — — Impairment of goodwill — — — — — Impairment of fixed assets (15) 0 (8) — (8) Share of profits (losses) of associates and joint ventures (1) — 0 — 0 Elimination of interests on debts related to financed assets (3) 1 — — — — Elimination of interests on lease liabilities (3) 8 12 19 — 30 Operating Income 3,809 407 389 — 796 Cost of gross financial debt except financed assets Interests on debts related to financed assets (3) Gains (losses) on assets contributing to net financial debt Foreign exchange gain (loss) Interests on lease liabilities (3) Other net financial expenses Finance costs, net Income Tax Consolidated net income (1) See Note 1.9. for EBITDAaL adjustments. (2) Mobile Financial Services's net banking income is recognized in other operating income and amounts to 69 million euros in 2020. The cost of risk is included in other operating expenses and amounts to (31) million euros in 2020. (3) Presentation adjustments allow the reallocation of the lines of specific items identified in the segment information to the operating revenue and expense lines presented in the consolidated income statement. Interests on debts related to financed assets and interests on lease liabilities are included in segment EBITDAaL. They are excluded from segment operating income and included in net finance costs presented in the consolidated income statement. (in millions of euros) Elimina- tions Interna- telecom Orange tional activites / consoli- Africa & Carriers & Elimination Total Mobile mobile Presenta- dated Middle- Shared telecom telecom Financial financial tion adjust- financial East Enterprise Services activities activities Services (2) services Total ments (3) statements Revenue 5,834 7,807 1,450 (1,855) 42,277 — (7) 42,270 — 42,270 External purchases (2,443) (4,019) (1,951) 3,891 (17,582) (108) 6 (17,684) (6) (17,691) Other operating income 76 161 2,076 (3,371) 539 75 (9) 604 — 604 Other operating expenses (212) (646) (51) 1,335 (524) (47) 11 (560) (229) (789) Labor expenses (514) (2,027) (1,274) — (8,390) (75) — (8,465) (25) (8,490) Operating taxes and levies (552) (102) (75) — (1,923) (1) — (1,924) — (1,924) Gains (losses) on disposal of fixed assets, investments and activities — — — — — — — — 228 228 Restructuring costs — — — — — — — — (25) (25) Depreciation and amortization of financed assets — — — — (55) — — (55) — (55) Depreciation and amortization of right-of-use assets (158) (145) (410) — (1,380) (3) — (1,384) — (1,384) Impairment of right-of-use assets — — — — — — — — (57) (57) Interests on debts related to financed assets (3) — — — — (1) — — (1) 1 n/a Interests on lease liabilities (3) (67) (5) (9) — (120) (0) — (120) 120 n/a EBITDAaL (1) 1,964 1,023 (244) — 12,839 (160) 1 12,680 6 n/a Significant litigations (1) — — (13) — (211) — — (211) 211 n/a Specific labour expenses (1) (0) 2 (9) — (12) (0) — (12) 12 n/a Fixed assets, investments and businesses portfolio review (1) 6 14 151 — 228 — — 228 (228) n/a Restructuring programs costs (1) (5) (9) (59) — (80) (3) — (83) 83 n/a Acquisition and integration costs (1) (2) (6) (15) — (32) (5) — (37) 37 n/a Depreciation and amortization of fixed assets (1,011) (410) (342) — (7,106) (28) — (7,134) — (7,134) Reclassification of translation adjustment from liquidated entities — — — — — — — — — — Impairment of goodwill — — — — — — — — — — Impairment of fixed assets (0) — (7) — (30) — — (30) — (30) Share of profits (losses) of associates and joint ventures 8 1 (9) — (2) — — (2) — (2) Elimination of interests on debts related to financed assets (3) — — — — 1 — — 1 (1) n/a Elimination of interests on lease liabilities (3) 67 5 9 — 120 0 — 120 (120) n/a Operating Income 1,027 621 (538) — 5,715 (195) 1 5,521 — 5,521 Cost of gross financial debt except financed assets (1,099) Interests on debts related to financed assets (3) (1) Gains (losses) on assets contributing to net financial debt (1) Foreign exchange gain (loss) (103) Interests on lease liabilities (3) (120) Other net financial expenses 11 Finance costs, net (1,314) Income Tax 848 Consolidated net income 5,055 1.3 Segment revenue to consolidated net income in 2019 (in millions of euros) France Europe Other European Elimina-tions Spain countries Europe Total Revenue 18,154 5,280 5,783 (12) 11,051 External purchases (7,036) (2,907) (3,318) 12 (6,213) Other operating income 1,392 221 148 (0) 369 Other operating expenses (553) (207) (173) 0 (380) Labor expenses (3,730) (271) (678) — (949) Operating taxes and levies (893) (160) (84) — (244) Gains (losses) on disposal of fixed assets, investments and activities — — — — — Restructuring costs — — — — — Depreciation and amortization of financed assets (14) — — — — Depreciation and amortization of right-of-use assets (175) (298) (168) — (466) Impairment of right-of-use assets — — — — — Interests on debts related to financed assets (3) (1) — — — — Interests on lease liabilities (3) (9) (12) (21) — (32) EBITDAaL (1) 7,135 1,646 1,489 — 3,136 Significant litigations (1) — — — — — Specific labour expenses (1) (32) — 2 — 2 Fixed assets, investments and businesses portfolio review (1) 4 56 63 — 120 Restructuring programs costs (1) (45) (12) (55) — (67) Acquisition and integration costs (1) — — (5) — (5) Depreciation and amortization of fixed assets (3,179) (1,076) (1,119) — (2,195) Reclassification of translation adjustment from liquidated entities — — — — — Impairment of goodwill — — — — — Impairment of fixed assets (1) — (15) — (15) Share of profits (losses) of associates and joint ventures — — 1 — 1 Elimination of interests on debts related to financed assets (3) 1 — — — — Elimination of interests on lease liabilities (3) 9 12 21 — 32 Operating Income 3,892 626 383 — 1,009 Cost of gross financial debt except financed assets — — — — — Interests on debts related to financed assets (3) — — — — — Gains (losses) on assets contributing to net financial debt — — — — — Foreign exchange gain (loss) — — — — — Interests on lease liabilities (3) — — — — — Other net financial expenses — — — — — Effects resulting from BT sale — — — — — Finance costs, net — — — — — Income Taxes — — — — — Consolidated net income — — — — — (1) See Note 1.9. for EBITDAaL adjustments. (2) Mobile Financial Services's net banking income is recognized in other operating income and amounts to 40 million euros in 2019. The cost of risk is included in other operating expenses and amounts to (10) million euros in 2019. (3) Presentation adjustments allow the reallocation of the lines of specific items identified in the segment information to the operating revenue and expense lines presented in the consolidated income statement. Interests on debts related to financed assets and interests on lease liabilities are included in segment EBITDAaL. They are excluded from segment operating income and included in net finance costs presented in the consolidated income statement. (in millions of euros) Africa & Entreprise Interna-tional Elimina-tion Total Mobile Elimina-tions Total Presenta-tion Orange Middle-East Carriers & telecom telecom Financial telecom adjust- consoli- Shared activities activities Services (2) activities/mobile ments (3) dated financial Services financial services statements Revenue 5,646 7,820 1,498 (1,926) 42,242 — (4) 42,238 — 42,238 External purchases (2,451) (3,991) (2,041) 3,962 (17,769) (96) 5 (17,860) — (17,860) Other operating income 72 169 2,088 (3,396) 694 43 (17) 720 — 720 Other operating expenses (245) (634) (63) 1,360 (515) (29) 17 (527) (72) (599) Labor expenses (507) (1,949) (1,261) — (8,397) (73) — (8,470) (24) (8,494) Operating taxes and levies (495) (115) (80) — (1,827) (1) — (1,827) — (1,827) Gains (losses) on disposal of fixed assets, investments and activities — — — — — — — — 277 277 Restructuring costs — — — — — — — — (132) (132) Depreciation and amortization of financed assets — — — — (14) — — (14) — (14) Depreciation and amortization of right-of-use assets (135) (104) (391) — (1,272) (3) — (1,274) — (1,274) Impairment of right-of-use assets — — — — — — — — (33) (33) Interests on debts related to financed assets (3) — — — — (1) — — (1) 1 n/a Interests on lease liabilities (3) (72) (4) (10) — (128) — — (129) 129 n/a EBITDAaL (1) 1,814 1,191 (261) — 13,015 (160) 1 12,856 144 n/a Significant litigations (1) — — (49) — (49) — — (49) 49 n/a Specific labour expenses (1) — 1 6 — (23) — — (23) 23 n/a Fixed assets, investments and businesses portfolio review (1) (19) — 172 — 277 — — 277 (277) n/a Restructuring programs costs (1) (4) (16) (31) — (163) (2) — (165) 165 n/a Acquisition and integration costs (1) — (11) (8) — (24) — — (24) 24 n/a Depreciation and amortization of fixed assets (972) (399) (340) — (7,086) (24) — (7,110) — (7,110) Reclassification of translation adjustment from liquidated entities 2 — 10 — 12 — — 12 — 12 Impairment of goodwill (54) — — — (54) — — (54) — (54) Impairment of fixed assets 89 1 (1) — 73 — — 73 — 73 Share of profits (losses) of associates and joint ventures 12 1 (7) — 8 — — 8 — 8 Elimination of interests on debts related to financed assets (3) — — — — 1 — — 1 (1) n/a Elimination of interests on lease liabilities (3) 72 4 10 — 128 — — 129 (129) n/a Operating Income 940 772 (499) — 6,114 (186) 1 5,930 — 5,930 Cost of gross financial debt except financed assets — — — — — — — — (1,108) Interests on debts related to financed assets (3) — — — — — — — — (1) Gains (losses) on assets contributing to net financial debt — — — — — — — — 5 Foreign exchange gain (loss) — — — — — — — — 76 Interests on lease liabilities (3) — — — — — — — — (129) Other net financial expenses — — — — — — — — 15 Effects resulting from BT sale — — — — — — — — (119) Finance costs, net — — — — — — — — (1,261) Income Taxes — — — — — — — — (1,447) Consolidated net income — — — — — — — — 3,222 1.4 Segment revenue to segment operating income in 2018 (in millions of euros) France Europe Other European Elimina-tions Spain countries Europe Total December 31, 2018 Revenue 18,211 5,349 5,687 (13) 11,023 External purchases (7,167) (3,204) (3,412) 15 (6,601) Other operating income 1,377 155 130 (2) 283 Other operating expenses (535) (211) (168) — (379) Labor expenses (3,833) (263) (681) — (944) Operating taxes and levies (977) (161) (93) — (254) Gains (losses) on disposal of fixed assets, investments and activities — 35 45 — 80 Restructuring and integration costs — — — — — Adjusted EBITDA (1) 7,076 1,700 1,508 — 3,208 Significant litigations — (31) — — (31) Specific labour expenses (614) — — — — Investments and businesses portfolio review — — — — — Restructuring and integration costs (114) (9) (6) — (15) Reported EBITDA (1) 6,348 1,660 1,502 — 3,162 Depreciation and amortization (3,148) (1,105) (1,164) — (2,269) Reclassification of cumulative translation adjustment from liquidated entities — — — — — Impairment of goodwill — — — — — Impairment of fixed assets (2) — 1 — 1 Share of profits (losses) of associates and joint ventures — — — — — Operating income 3,198 555 339 — 894 (1) See Note 1.9. for EBITDA adjustments. (2) Mobile Financial Services's net banking income is recognized in other operating income and amounts to 43 million euros in 2018. The cost of risk is included in other operating expenses and amounts to (7) million euros in 2018. (3) Presentation adjustments allow the reallocation of the lines of specific items identified in the segment information to the operating revenue and expense lines presented in the consolidated income statement. (4) In 2018, mainly related to the effect of the three-year extension of the 2015 French part-time for seniors plans (see Note 7.2). (in millions of euros) Africa & Enterprise International Elimina-tion Total Mobile Elimina-tions Total Presenta-tion Orange Middle-East Carriers & telecom telecom Financial telecom adjust-ments (3) consolidated Shared activities activities Services (2) activities/mobile financial Services financial services statements December 31, 2018 Revenue 5,190 7,292 1,534 (1,866) 41,384 — (3) 41,381 — 41,381 External purchases (2,521) (3,696) (2,469) 3,975 (18,479) (87) 3 (18,563) — (18,563) Other operating income 68 148 2,146 (3,466) 556 44 (20) 580 — 580 Other operating expenses (231) (661) (35) 1,357 (484) (33) 21 (496) (9) (505) Labor expenses (468) (1,718) (1,235) — (8,198) (70) — (8,268) (806) (9,074) Operating taxes and levies (391) (120) (66) — (1,808) (1) — (1,809) (31) (1,840) Gains (losses) on disposal of fixed assets, investments and activities 20 — 80 — 180 — — 180 17 197 Restructuring and integration costs — — — — — — — — (199) (199) Adjusted EBITDA (1) 1,667 1,245 (45) — 13,151 (147) 1 13,005 (1,028) — Significant litigations — — (2) — (33) — — (33) 33 — Specific labour expenses — (68) (129) — (811) (1) — (812) (4) 812 — Investments and businesses portfolio review — — 17 — 17 — — 17 (17) — Restructuring and integration costs (12) (24) (35) — (200) — — (200) 200 — Reported EBITDA (1) 1,655 1,153 (194) — 12,124 (148) 1 11,977 — 11,977 Depreciation and amortization (906) (387) (316) — (7,026) (21) — (7,047) — (7,047) Reclassification of cumulative translation adjustment from liquidated entities — — 1 — 1 — — 1 — 1 Impairment of goodwill (56) — — — (56) — — (56) — (56) Impairment of fixed assets (46) — (2) — (49) — — (49) — (49) Share of profits (losses) of associates and joint ventures 12 (1) (8) — 3 — — 3 — 3 Operating income 659 765 (519) — 4,997 (169) 1 4,829 — 4,829 1.5 Segment investments (in millions of euros) France Spain Other Elimina- European tions countries Europe December 31, 2020 eCapex (1) 3,748 969 878 — Elimination of proceeds from sales of property, plant and equipment and intangible assets 136 75 22 — Telecommunications licenses 876 6 67 — Financed assets 241 — — — Total investments (5) 5,001 1,050 967 — December 31, 2019 eCapex (1) 4,052 812 869 — Elimination of proceeds from sales of property, plant and equipment and intangible assets 95 185 103 — Telecommunications licenses 0 298 9 — Financed assets 144 — — — Total investments (6) 4,291 1,296 982 — December 31, 2018 Capex (2) 3,656 1,120 953 — Telecommunications licenses (1) 149 10 — Finance leases 1 70 32 — Total investments (7) 3,656 1,339 995 — (1) See Note 1.9. for eCapex definition. (2) See Note 1.9. for Capex definition. (3) Including investments in intangible assets and property, plant and equipment in France for 218 million euros in 2020, 254 million euros in 2019 and 275 million euros in 2018. (4) Including investments in intangible assets and property, plant and equipment in France for 303 million euros in 2020, 336 million euros in 2019 and 312 million euros in 2018. (5) Including 2,940 million euros for other intangible assets and 5,848 million euros for tangible assets. (6) Including 2,385 million euros for other intangible assets and 6,181 million euros for tangible assets. (7) Including 1,895 million euros for other intangible assets and 5,883 million euros for tangible assets. (in millions of euros) Europe Africa & Enterprise (3) International Eliminations Total Mobile Eliminations Orange Total Middle-East Carriers telecom telecom Financial telecom consolidated & Shared activities activities Services activities / financial Services (4) and mobile statements unallocated financial items services December 31, 2020 eCapex (1) 1,847 1,036 339 133 — 7,102 30 — 7,132 Elimination of proceeds from sales of property, plant and equipment and intangible assets 97 9 23 180 — 444 — — 444 Telecommunications licenses 73 20 0 0 — 969 — — 969 Financed assets — — — — — 241 — — 241 Total investments (5) 2,017 1,065 362 313 — 8,757 30 — 8,787 December 31, 2019 eCapex (1) 1,681 987 404 141 — 7,265 28 — 7,293 Elimination of proceeds from sales of property, plant and equipment and intangible assets 289 13 5 208 — 610 — — 610 Telecommunications licenses 308 212 0 0 — 519 — — 519 Financed assets — — — — — 144 — — 144 Total investments (6) 2,277 1,211 410 348 — 8,538 28 — 8,565 December 31, 2018 Capex (2) 2,073 1,008 353 316 — 7,406 36 — 7,442 Telecommunications licenses 159 42 — — — 200 — — 200 Finance leases 102 2 31 — — 136 — — 136 Total investments (7) 2,334 1,052 384 316 — 7,742 36 — 7,778 1.6 Segment assets (in millions of euros) France Spain Other European Elimina-tions countries Europe December 31, 2020 Goodwill 14,364 6,872 2,640 — Other intangible assets 4,957 1,852 1,795 — Property, plant and equipment 16,038 3,750 3,903 — Right-of-use assets 1,523 1,129 1,052 — Interests in associates and joint ventures 9 — 5 — Non-current assets included in the calculation of net financial debt — — — — Other 9 17 25 — Total non-current assets 36,900 13,619 9,421 — Inventories 361 57 162 — Trade receivables 1,975 645 1,046 (0) Other customer contract assets 386 154 367 — Prepaid expenses 53 492 51 — Current assets included in the calculation of net financial debt — — — — Other 803 117 79 — Total current assets 3,578 1,465 1,705 (0) Total assets 40,477 15,085 11,126 (0) December 31, 2019 Goodwill 14,364 6,872 2,665 — Other intangible assets 3,968 1,961 1,941 — Property, plant and equipment 15,308 3,673 4,109 — Right-of-use assets 1,174 1,123 1,068 — Interests in associates and joint ventures 3 — 5 — Non-current assets included in the calculation of net financial debt — — — — Other 10 17 22 — Total non-current assets 34,827 13,645 9,811 — Inventories 463 61 149 — Trade receivables 1,477 667 1,210 3 Other customer contract assets 432 150 380 — Prepaid expenses 41 401 43 — Current assets included in the calculation of net financial debt — — — — Other 699 62 74 — Total current assets 3,113 1,341 1,855 3 Total assets 37,940 14,986 11,666 3 December 31, 2018 Goodwill 14,364 6,840 2,581 — Other intangible assets 3,921 1,778 2,015 — Property, plant and equipment 14,306 3,730 4,150 — Interests in associates and joint ventures — 1 4 — Non-current assets included in the calculation of net financial debt — — — — Other 11 17 15 — Total non-current assets 32,602 12,366 8,765 — Inventories 505 79 171 — Trade receivables 1,506 699 1,227 2 Other customer contract assets 443 140 363 — Prepaid expenses 68 241 35 — Current assets included in the calculation of net financial debt — — — — Other 776 60 75 (1) Total current assets 3,298 1,219 1,871 1 Total assets 35,900 13,585 10,636 1 (1) Including intangible and tangible assets for 573 million euros in France in 2020, 642 million euros in 2019 and 632 million euros in 2018. (2) Including intangible and tangible assets for 1,731 million euros in France in 2020, 1,736 million euros in 2019 and 2,151 million euros in 2018. Intangible assets also include the Orange brand for 3,133 million euros. (in millions of euros) Europe Africa & Enterprise International Eliminations Total Mobile Eliminations Orange Total Middle-East Carriers telecom telecom Financial telecom consolidated & Shared activities activities Services activities / financial Services and mobile statements unallocated financial items services December 31, 2020 Goodwill 9,512 1,443 2,225 18 — 27,561 35 — 27,596 Other intangible assets 3,647 2,046 640 (1) 3,753 (2) — 15,042 93 — 15,135 Property, plant and equipment 7,653 3,751 488 (1) 1,139 (2) — 29,069 6 — 29,075 Right-of-use assets 2,181 921 456 1,898 — 6,979 30 — 7,009 Interests in associates and joint ventures 5 70 2 12 0 98 — — 98 Non-current assets included in the calculation of net financial debt — — — — 774 774 — — 774 Other 42 26 31 20 1,633 1,760 1,219 (4) (27) 2,952 Total non-current assets 23,040 8,257 3,840 6,840 2,406 81,283 1,383 (27) 82,639 Inventories 219 77 57 100 — 814 — — 814 Trade receivables 1,691 769 1,081 890 (761) 5,645 30 (55) 5,620 Other customer contract assets 521 13 317 — — 1,236 — — 1,236 Prepaid expenses 542 131 77 66 (28) 841 9 (1) 850 Current assets included in the calculation of net financial debt — — — — 11,260 11,260 — — 11,260 Other 197 1,196 200 386 155 2,937 2,381 (5) (4) 5,313 Total current assets 3,170 2,185 1,733 1,442 10,627 22,734 2,421 (61) 25,094 Total assets 26,210 10,442 5,573 8,282 13,033 104,017 3,804 (88) 107,733 December 31, 2019 Goodwill 9,537 1,481 2,245 18 — 27,644 — — 27,644 Other intangible assets 3,903 2,318 695 (1) 3,766 (2) — 14,649 88 — 14,737 Property, plant and equipment 7,782 3,674 526 (1) 1,128 (2) — 28,418 5 — 28,423 Right-of-use assets 2,190 1,107 387 1,815 — 6,674 26 — 6,700 Interests in associates and joint ventures 5 84 1 10 0 103 — — 103 Non-current assets included in the calculation of net financial debt — — — — 685 685 — — 685 Other 39 22 25 19 2,104 (3) 2,219 1,268 (4) (27) 3,460 Total non-current assets 23,456 8,686 3,878 6,757 2,789 80,394 1,387 (27) 81,753 Inventories 211 76 60 96 — 906 — — 906 Trade receivables 1,879 720 1,067 974 (773) 5,343 1 (24) 5,320 Other customer contract assets 529 11 237 — — 1,209 — — 1,209 Prepaid expenses 444 87 143 26 (16) 725 5 (0) 730 Current assets included in the calculation of net financial debt — — — — 10,820 10,820 — — 10,820 Other 136 968 216 330 145 2,494 3,511 (5) (3) 6,002 Total current assets 3,199 1,862 1,723 1,426 10,176 21,498 3,517 (28) 24,987 Total assets 26,655 10,549 5,601 8,182 12,965 101,892 4,904 (55) 106,741 December 31, 2018 Goodwill 9,421 1,542 1,830 17 — 27,174 — — 27,174 Other intangible assets 3,793 2,106 388 (1) 3,780 (2) 1 13,989 84 — 14,073 Property, plant and equipment 7,880 3,443 540 (1) 1,519 (2) — 27,688 5 — 27,693 Interests in associates and joint ventures 5 82 — 17 — 104 — — 104 Non-current assets included in the calculation of net financial debt — — — — 816 816 — — 816 Other 32 23 23 19 3,123 (3) 3,231 1,637 (4) (27) 4,841 Total non-current assets 21,131 7,196 2,781 5,352 3,940 73,002 1,726 (27) 74,701 Inventories 249 82 49 79 — 965 — — 965 Trade receivables 1,928 761 821 946 (633) 5,329 — (34) 5,295 Other customer contract assets 503 8 212 — — 1,166 — — 1,166 Prepaid expenses 276 89 71 82 (17) 569 2 — 571 Current assets included in the calculation of net financial debt — — — — 7,886 7,886 — — 7,886 Other 135 811 174 374 52 2,321 3,687 (5) — 6,008 Total current assets 3,091 1,751 1,327 1,481 7,288 18,236 3,689 (34) 21,891 Total assets 24,222 8,947 4,108 6,833 11,228 91,238 5,415 (61) 96,592 (3) Including BT shares in the amount of 659 million euros in 2018. All BT shares have been sold in 2019 (see Note 13.7). (4) Including 1,210 million euros of non-current financial assets related to Mobile Financial Services in 2020, 1,259 million euros in 2019 and 1,617 million euros in 2018 (see Note 17.1.1). (5) Including 2,077 million euros of current financial assets related to Mobile Financial Services in 20 |
Description of business and b_2
Description of business and basis of preparation of the consolidated financial statements (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Description of business and basis of preparation of consolidated financial statements [abstract] | |
Schedule of impact of IFRS 16 lease term on the consolidated income statement | (in millions of euros) Historical data Effects of IFRS IC Restated data 2019 (1) decision 2019 Revenue 42,238 — 42,238 External purchases (17,897) 37 (17,860) Other operating income 720 — 720 Other operating expenses (599) — (599) Labor expenses (8,494) — (8,494) Operating taxes and levies (1,827) — (1,827) Gains (losses) on disposal of fixed assets, investments and activities 277 — 277 Restructuring costs (132) — (132) Depreciation and amortization of fixed assets (7,110) — (7,110) Depreciation and amortization of financed assets (14) — (14) Depreciation and amortization of right-of-use assets (1,239) (35) (1,274) Reclassification of translation adjustment from liquidated entities 12 — 12 Impairment of goodwill (54) — (54) Impairment of fixed assets 73 — 73 Impairment of financed assets — — — Impairment of right-of-use assets (33) — (33) Share of profits (losses) of associates and joint ventures 8 — 8 Operating income 5,927 2 5,930 Cost of gross financial debt excluding financed assets (1,108) — (1,108) Interests on debts related to financed assets (1) — (1) Gains (losses) on assets contributing to net financial debt 5 — 5 Foreign exchange gain (loss) 76 — 76 Interests on lease liabilities (122) (6) (129) Other net financial expenses 15 — 15 Effects resulting from BT stake (119) — (119) Finance costs, net (1,254) (6) (1,261) Income taxes (1,447) 1 (1,447) Consolidated net income 3,226 (3) 3,222 (1) Published data as of December 31, 2019 |
Schedule of impact on the consolidated statement of financial position | (in millions of euros) December 31, Effects of Effects of IFRS January 1, 2019 Effects of IFRS December 31, 2018 historical IFRS 16 IC decision 2019 restated variation IC decision 2019 restated data application January 1, 2019 data on 2019 data Assets Property, plant and equipment 27,693 (574) — 27,119 1,304 — 28,423 Right-of-use assets — 6,349 443 6,792 (86) (6) 6,700 Deferred tax assets 1,366 1,527 — 2,893 (1,902) 1 992 Total non-current assets 74,701 7,303 443 82,446 (688) (5) 81,753 Prepaid expenses 571 (36) — 536 195 — 730 Total current assets 21,891 (36) — 21,855 3,132 — 24,987 Total assets 96,592 7,267 443 104,302 2,444 (5) 106,741 Liabilities o/w reserves (2,062) 2 — (2,060) 987 (2) (1,075) o/w net income 1,954 — — 1,954 3,006 (2) 3,004 o/w translation adjustment 15 — — 15 64 (0) 79 Equity attributable to owners of the parent company 30,669 2 — 30,671 1,056 (2) 31,725 o/w reserves 2,357 — — 2,357 97 (2) 2,452 o/w net income 204 — — 204 220 (2) 218 o/w translation adjustment 237 — — 237 14 (0) 251 Equity attributable to non-controlling interests 2,580 — — 2,580 108 (2) 2,686 Total Equity 33,249 2 — 33,251 1,164 (3) 34,412 Non-current financial liabilities 26,749 (427) — 26,322 6,826 — 33,148 Non-current lease liabilities — 5,239 369 5,609 (14) (2) 5,593 Non-current dismantling provisions 765 — 1 766 45 0 812 Non-current restructuring provisions 230 (112) — 118 (23) — 96 Deferred tax liabilities 631 1,525 — 2,156 (1,453) — 703 Current lease liabilities 33,047 6,226 371 39,644 4,919 (2) 44,561 Current financial liabilities 7,270 (167) — 7,103 (3,177) — 3,925 Current lease liabilities — 1,291 72 1,363 (24) — 1,339 Trade payables 6,736 (39) — 6,697 (15) — 6,682 Current restructuring provisions 159 (31) — 128 (7) — 120 Other current liabilities 1,788 (15) — 1,774 321 — 2,095 Total current liabilities 30,296 1,039 72 31,407 (3,640) — 27,767 Total equity and liabilities 96,592 7,267 443 104,302 2,444 (5) 106,741 – (in millions of euros) December 31, 2019 Effects of IFRS IC December 31, 2019 historical data decision restated data Operating activities Consolidated net income 3,226 (3) 3,222 Non-monetary items and reclassified items for presentation Depreciation and amortization of right-of-use assets 1,239 35 1,275 Finance costs, net 1,254 6 1,261 Other net cash out Interest paid and interest rates effects on derivatives, net (1,312) (6) (1,318) Net cash provided by operating activities (a) 10,159 31 10,190 Investing activities Net cash used in investing activities (b) (9,370) — (9,370) Financing activities Repayments of lease liabilities (1,398) (31) (1,429) Net cash used in financing activities (c) 55 (31) 24 Net change in cash and cash equivalents (a) + (b) + (c) 844 — 844 Net change in cash and cash equivalents Cash and cash equivalents in the opening balance 5,634 — 5,634 Cash change in cash and cash equivalents 844 — 844 Non-cash change in cash and cash equivalents 3 — 3 Cash and cash equivalents in the closing balance 6,481 — 6,481 |
Schedule of impact of IFRS 16 lease term on the consolidated statement of cash flows | (in millions of euros) December 31, 2019 Effects of IFRS IC December 31, 2019 historical data decision restated data Operating activities Consolidated net income 3,226 (3) 3,222 Non-monetary items and reclassified items for presentation Depreciation and amortization of right-of-use assets 1,239 35 1,275 Finance costs, net 1,254 6 1,261 Other net cash out Interest paid and interest rates effects on derivatives, net (1,312) (6) (1,318) Net cash provided by operating activities (a) 10,159 31 10,190 Investing activities Net cash used in investing activities (b) (9,370) — (9,370) Financing activities Repayments of lease liabilities (1,398) (31) (1,429) Net cash used in financing activities (c) 55 (31) 24 Net change in cash and cash equivalents (a) + (b) + (c) 844 — 844 Net change in cash and cash equivalents Cash and cash equivalents in the opening balance 5,634 — 5,634 Cash change in cash and cash equivalents 844 — 844 Non-cash change in cash and cash equivalents 3 — 3 Cash and cash equivalents in the closing balance 6,481 — 6,481 |
Gains and losses on disposal _2
Gains and losses on disposal and main changes in scope of consolidation (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of detailed information about business combination [line items] | |
Schedule of gains (losses) on disposal of fixed assets, investments and activities | (in millions of euros) 2020 2019 2018 Gains (losses) on disposal of fixed assets (see Note 9.1) 221 303 180 Gains (losses) on disposal of investments and activities 7 (26) 17 Gain (losses) on disposal of fixed assets, investments and activities 228 277 197 |
SecureLink and SecureData [member] | |
Disclosure of detailed information about business combination [line items] | |
Disclosure of detailed information about business combinations | At acquisition date SecureLink SecureData (in millions of euros) Acquisition cost 377 100 Cash acquired net of transaction costs (6) (5) Cash paid for investment securities, net of cash acquired 371 95 Goodwill was recognized in the amount of 392 million euros as a result of the acquisition of Securelink and 97 million euros as a result of the acquisition of SecureData, after allocation of the purchase price to identifiable assets acquired and liabilities assumed. At acquisition date SecureLink SecureData (in millions of euros) Acquisition cost (a) 377 100 Net book value acquired (153) (32) Effects of fair value measurement: Customer relationship (1) 181 43 Trademark — — Other intangibles — — Net deferred tax (43) (8) Net asset remeasured at fair value (b) (15) 3 Goodwill (a)-(b) 392 97 (1) Depreciation between 12 and 16 years according to the type of clients. |
Basefarm Holding AS [member] | |
Disclosure of detailed information about business combination [line items] | |
Disclosure of detailed information about business combinations | (in millions of euros) At acquisition date Acquisition cost 234 Cash acquired net of transaction costs (4) Cash paid for investment securities, net of cash acquired 230 In accordance with IFRS 3R – Business Combinations, the fair value measurement of identifiable assets acquired and liabilities assumed was finalized during fiscal year 2019. The final allocation of the acquisition cost was as follow: (in millions of euros) At acquisition date Acquisition cost (a) 234 Net book value acquired (58) Effects of fair value measurement: Customer relationship (1) 58 Trademark (2) 28 Other intangibles (3) 7 Net deferred tax (25) Net asset remeasured at fair value (b) 10 Goodwill (a)-(b) 224 (1) Depreciation over 15 years . (2) Depreciation over 5 years . (3) Depreciation over 7 years . |
Business and Decision [member] | |
Disclosure of detailed information about business combination [line items] | |
Disclosure of detailed information about business combinations | (in millions of euros) At acquisition date Acquisition cost 81.8% 50 Cash acquired net of transaction costs (18) Cash paid for investment securities, net of cash acquired 32 Goodwill was recognized in the amount of 29 million euros, after allocation of the purchase price to identifiable assets acquired and liabilities assumed: (in millions of euros) At acquisition date Acquisition cost 81.8 % 50 Fair value of non-controlling interests 12 Acquisition cost (a) 62 Net book value acquired 7 Effects of fair value measurement: Customer relationship (1) 18 Trademark (2) 8 Other intangibles (3) 4 Net deferred tax (4) Net asset remeasured at fair value (b) 33 Goodwill (a)-(b) 29 (1) Depreciation over 10 years . (2) Depreciation over 7 years . (3) Specific technology depreciated over 9 years . |
Sales (Tables)
Sales (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Revenue [abstract] | |
Schedule of other operating income | (in millions of euros) 2020 2019 2018 Income from client collection 101 110 84 Net banking income (NBI) 79 55 56 Rebilling of network sharing costs 54 50 45 Tax credits and subsidies 31 33 42 Income from universal service 4 5 14 Other income 336 466 339 Total 604 720 580 Income from client collection mainly includes interest charged to customers for late payments and recovery of trade receivables previously recognized as loss. |
Schedule of trade receivables | (in millions of euros) 2020 2019 2018 Net book value of trade receivables in the opening balance 5,320 5,295 5,175 IFRS 9 transition impact — — (22) Net book value of trade receivables including IFRS 9 transition impact 5,320 5,295 5,153 Business related variations 379 1 65 Changes in the scope of consolidation 4 50 90 Translation adjustment (90) 28 (12) Reclassifications and other items 7 (53) (1) Net book value of trade receivables in the closing balance 5,620 5,320 5,295 |
Schedule of categories of trade receivables | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Net trade receivables depreciated according to their age 1,145 1,233 1,050 Net trade receivables depreciated according to other criteria 400 579 600 Net trade receivables past due 1,544 1,812 1,650 Not past due (1) 4,076 3,508 3,645 Net trade receivables 5,620 5,320 5,295 o/w short-term trade receivables 5,382 5,044 4,995 o/w long-term trade receivables (2) 238 276 300 o/w net trade receivables from telecom activities 5,620 5,320 5,295 o/w net trade receivables from Mobile Financial Services — — — (1) Not past due receivables are presented net of the balance of expected losses on trade receivables, which amounted to (56) million euros at December 31, 2020, (23) million euros at December 31, 2019 and (25) million euros at December 31, 2018. (2) Includes receivables from sales of handsets with payment on instalments that are payable in more than 12 months and receivables from equipment financial lease offers for business (see accounting policies). |
Schedule of allowances on trade receivables | (in millions of euros) 2020 2019 2018 Allowances on trade receivables - in the opening balance (888) (816) (760) IFRS 9 transition impact — — (22) Allowances on trade receivables - including IFRS 9 transition impact (888) (816) (782) Net addition with impact on income statement (1) (383) (332) (286) Losses on trade receivables 275 271 255 Changes in the scope of consolidation 0 (1) (2) Translation adjustment 13 (5) (1) Reclassifications and other items 0 (5) (0) Allowances on trade receivables - in the closing balance (983) (888) (816) (1) The change in provision for expected losses, in accordance with IFRS 9, for the 2020 fiscal year amounts to (33) million euros in connection with the health crisis (it amounted to 2 million euros in 2019 and (3) million euros in 2018). |
Schedule of customer contract net assets and liabilities | (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Customer contract net assets (1) 709 771 784 Costs of obtaining a contract 262 258 233 Costs to fulfill a contract 265 181 149 Total customer contract net assets 1,236 1,209 1,166 Prepaid telephone cards (197) (212) (221) Connection fees (589) (665) (706) Loyalty programs (25) (38) (38) Other deferred revenue (2) (1,158) (1,163) (1,025) Other customer contract liabilities (15) (15) (12) Total deferred revenue related to customer contracts (1,984) (2,093) (2,002) Total customer contract net assets and liabilities (748) (884) (836) (1) Assets net of remaining performance obligations. (2) Includes in particular subscription contracts. |
Schedule of reconciliation of customer contract net assets | (in millions of euros) 2020 2019 2018 Customer contract net assets - in the opening balance 771 784 815 Business related variations (1) (60) (13) (36) Changes in the scope of consolidation — — — Translation adjustment (3) 1 (1) Reclassifications and other items (0) 0 6 Customer contract net assets - in the closing balance 709 771 784 (1) Mainly includes new contract assets net of related liabilities, transfer of net contract assets directly to trade receivables and impairment in the period. |
Schedule of deferred revenue related to customer contracts | (in millions of euros) 2020 2019 2018 Deferred revenue related to customer contracts - in the opening balance 2,093 2,002 2,021 Business related variations (73) (20) (18) Changes in the scope of consolidation (1) — 101 7 Translation adjustment (31) 13 2 Reclassifications and other items (6) (3) (10) Deferred revenue related to customer contracts - in the closing balance 1,984 2,093 2,002 |
Schedule of reconciliation of cost of obtaining a contract and costs to fulfil a contract | (in millions of euros) 2020 2019 2018 Costs of obtaining a contract - in the opening balance 258 233 250 Business related variations 11 21 (14) Changes in the scope of consolidation — 1 — Translation adjustment (7) 1 (3) Reclassifications and other items — 1 0 Costs of obtaining a contract - in the closing balance 262 258 233 (in millions of euros) 2020 2019 2018 Costs to fulfill a contract - in the opening balance 181 149 140 Business related variations 21 30 22 Changes in the scope of consolidation — — — Translation adjustment (12) 2 3 Reclassifications and other items (1) 75 — (16) Costs to fulfill a contract - in the closing balance 265 181 149 (1) Mainly includes reclassifications from prepaid expenses to contract fulfilment costs. |
Schedule of disclosure of transaction price allocated to remaining performance obligations | (in millions of euros) December 31, 2020 Less than one year 5,782 Between 1 and 2 years 2,570 Between 2 and 3 years 875 Between 3 and 4 years 520 Between 4 and 5 years 312 More than 5 years 306 Total remaining performance obligations 10,366 |
Schedule of deferred income | (in millions of euros) 2020 2019 2018 Deferred income in the opening balance 51 58 76 Business related variations (1) 115 (0) (42) Changes in the scope of consolidation — 0 2 Translation adjustment (3) (0) — Reclassifications and other items 1 (6) 22 Deferred income in the closing balance 165 51 58 (1) Including deferred income in 2020 under a transmission capacity agreement for an FTTH network in Spain . |
Schedule of other assets | December 31, December 31, December 31, (in millions of euros) 2020 2019 2018 Advances and downpayments 116 101 84 Submarine cable consortiums (1) 258 168 130 Security deposits paid 93 93 97 Orange Money - isolation of electronic money (1) 825 613 497 Other (2) 545 408 473 Total 1,837 1,383 1,281 (1) These receivables are offset by the liabilities of the same amount (see accounting policies below and Note 6.7). (2) Including in 2020 a receivable under a transmission capacity agreement for an FTTH network in Spain. (in millions of euros) 2020 2019 2018 Other assets in the opening balance 1,383 1,281 1,204 Business related variations (1) 495 97 74 Changes in the scope of consolidation 0 0 7 Translation adjustment (32) 3 1 Reclassifications and other items (9) 2 (5) Other assets in the closing balance 1,837 1,383 1,281 o/w other non-current assets 136 125 129 o/w other current assets 1,701 1,258 1,152 (1) Including in 2020 a receivable under a transmission capacity agreement for an FTTH network in Spain. |
Purchases and other expenses (T
Purchases and other expenses (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Purchases and other expenses [abstract] | |
Schedule of external purchases | (in millions of euros) 2020 2019 (1) 2018 Commercial, equipment expenses and content rights (6,868) (7,293) (7,228) o/w costs of terminals and other equipment sold (3,575) (4,042) (4,123) o/w advertising, promotional, sponsoring and rebranding costs (736) (823) (850) Service fees and inter-operator costs (4,529) (4,608) (4,923) o/w interconnexion costs (3,186) (3,212) (3,335) Other network expenses, IT expenses (3,503) (3,253) (3,192) Other external purchases (2,791) (2,706) (3,220) o/w rental expenses (151) (241) (1,181) Total (17,691) (17,860) (18,563) (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). |
Schedule of other operating expenses | (in millions of euros) 2020 2019 2018 Allowances and losses on trade receivables – telecom activities (383) (315) (277) Litigation (238) (107) (10) Cost of bank credit risk (31) (10) (7) Expenses from universal service (19) (21) (38) Acquisition and integration costs (1) (18) (17) — Operating foreign exchange gains (losses) 19 (4) 3 Other expenses (119) (124) (176) Total (789) (599) (505) (1) Since January 1, 2019, acquisition and integration costs are presented in other operating expenses. In 2018, those costs were presented in restructuring costs (see Note 6.3). |
Schedule of provisions for litigations | (in millions of euros) 2020 2019 2018 Provisions for litigation - in the opening balance 643 572 779 Additions with impact on income statement 119 99 35 Reversals with impact on income statement (29) (8) (25) Discounting with impact on income statement 0 — 3 Utilizations without impact on income statement (1) (205) (22) (221) Changes in consolidation scope — 1 1 Translation adjustment (2) 0 3 Reclassifications and other items — 1 (3) Provisions for litigation - in the closing balance 525 643 572 o/w non-current provisions 46 45 67 o/w current provisions 479 598 505 (1) In 2020, mainly related to the Digicel litigation (see Note 18). In 2018, mainly related to the payment of the fine in Poland for 152 million euros. |
Schedule of restructuring costs | (in millions of euros) 2020 2019 2018 Restructuring costs (25) (132) (189) Departure plans (1) (15) (68) (30) Lease property restructuring (2) 2 5 (28) Distribution channels (3) (5) (26) (11) Other (8) (43) (120) Acquisition and integration costs (4) — — (10) Acquisition costs of investments — — (10) Total restructuring costs (25) (132) (199) (1) Mainly voluntary departure plans of Orange Polska in 2019 (approximately 2,100 people). (2) Essentially related to vacant leases in France. (3) Essentially concerns the costs related to the end of the relationship with some distributors. (4) From January, 1 2019, acquisition and integration costs are presented in "Other operating expenses". Some restructuring and integration costs are directly recorded in operating income and are not included in the following movements of provisions: (in millions of euros) 2020 2019 2018 Restructuring provisions - in the opening balance 216 389 377 Additions with impact on income statement 12 97 162 Reversals releases with impact on income statement (17) (13) (15) Discounting with impact on income statement 4 1 — Utilizations without impact on income statement (95) (124) (143) Translation adjustment (3) 1 (1) Reclassifications and other items (1) — (135) 9 Restructuring provisions - in the closing balance 117 216 389 o/w non-current provisions 53 96 230 o/w current provisions 64 120 159 (1) Starting January 1, 2019, following IFRS 16 application, restructuring provisions related to leases are presented in "Impairment of right-of-use assets". Only rental charges and taxes are presented in restructuring provisions. |
Schedule of broadcasting rights and equipment inventories | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Handset inventories (1) 485 534 678 Other products/services sold 75 78 41 Available broadcasting rights 93 89 73 Other supplies 223 270 242 Gross value 874 970 1,034 Depreciation (60) (63) (69) Net book value 814 906 965 (1) Of which inventories treated as consignment with distributors amounting to 40 million euros as at December 31, 2020, 35 million euros as at December 31, 2019 and 49 million euros as at December 31, 2018. (in millions of euros) 2020 2019 2018 Net balance of inventories in the opening balance 906 965 827 Business related variations (1) (70) (64) 138 Changes in the scope of consolidation — 2 2 Translation adjustment (8) 2 (1) Reclassifications and other items (14) 1 (1) Net balance of inventories in the closing balance 814 906 965 (1) Business related variations include depreciations on inventories. |
Schedule of prepaid expenses | December 31, December 31, December 31, (in millions of euros) 2020 2019 2018 Prepaid external purchases 651 678 522 Other prepaid operating expenses 199 52 49 Total 850 730 571 (in millions of euros) 2020 2019 2018 Prepaid expenses in the opening balance 730 571 455 Business related variations 171 127 93 Changes in the scope of consolidation 0 65 6 Translation adjustment (12) 5 0 Reclassifications and other items (1) (40) (38) 17 Prepaid expenses in the closing balance 850 730 571 (1) Including the effect of the reclassification of prepaid expenses as costs to fulfill contracts (see Note 5.4). |
Schedule of trade payables | (in millions of euros) 2020 2019 2018 Trade payables in the opening balance 6,682 6,736 6,527 Business related variations (122) (85) 189 Changes in the scope of consolidation 1 36 18 Translation adjustment (80) 27 1 Reclassifications and other items (6) (32) 1 Trade payables in the closing balance 6,475 6,682 6,736 o/w trade payables from telecoms activities 6,395 6,580 6,635 o/w trade payables from Mobile Financial Services 80 102 101 |
Schedule of other liabilities | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Provisions for litigations (1) 525 643 572 Cable network access fees (URI) 59 103 152 Submarine cable consortium (2) 258 168 130 Security deposits received 134 147 160 Orange Money – units in circulation (2) 823 613 497 Other 775 774 739 Total 2,574 2,448 2,250 o/w other non-current liabilities 307 353 462 o/w other current liabilities 2,267 2,095 1,788 (1) See Note 6.2. (2) These liabilities are offset by the receivables of the same amount (see accounting policies in Note 5.6). (in millions of euros) 2020 2019 2018 Other liabilities in the opening balance 2,448 2,250 2,456 Business related variations 176 190 (166) Changes in the scope of consolidation — 12 16 Translation adjustment (35) 4 (2) Reclassifications and other items (15) (8) (54) Other liabilities in the closing balance 2,574 2,448 2,250 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of defined benefit plans [line items] | |
Schedule of labor expenses | (in millions of euros) Note 2020 2019 2018 Average number of employees (full-time equivalents) (1) 133,787 135,619 135,943 Wages and employee benefit expenses (8,331) (8,240) (8,828) o/w wages and salaries (6,224) (6,199) (6,017) o/w social security charges (2) (2,118) (2,079) (2,068) o/w French part-time for seniors plans 7.2 23 6 (773) o/w capitalized costs (3) 866 848 842 o/w other labor expenses (4) (879) (816) (812) Employee profit sharing (142) (181) (180) Share-based compensation 7.3 (18) (73) (66) Total in operating income (8,490) (8,494) (9,074) Net interest on the net defined liability in finance costs (12) (20) (16) Actuarial (gains)/losses in other comprehensive income (31) (109) 45 (1) Of whom 34% were Orange SA's French civil servants ( 36% at December 31, 2019 and 40% at December 31, 2018). (2) Net of approximately 85 million euros for competitiveness and employment tax credit for 2018 in France. (3) Capitalized costs correspond to labor expenses included in the cost of assets produced by the Group (see Notes 9.4 and 9.5). (4) Other labor expenses comprise other short-term allowances and benefits, payroll taxes, post-employment benefits and other long term benefits (except French part-time for seniors plans). |
Schedule of employee benefits payable | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Post-employment benefits (1) 1,149 1,105 989 Other long-term benefits 1,407 1,867 2,434 o/w French part-time for seniors plans 802 1,233 1,784 Provisions for employment termination benefits 1 2 3 Other employee-related payables and payroll taxes due 1,779 1,782 1,715 Provisions for social risks and litigation 58 59 74 Total 4,395 4,815 5,215 o/w non-current employee benefits 2,202 2,554 2,823 o/w current employee benefits 2,192 2,261 2,392 (1) Does not include defined contribution plans. |
Schedule of benefits to be paid | (in millions of euros) Schedule of benefits to be paid, undiscounted 2021 2022 2023 2024 2025 2026 and beyond Post-employment benefits 68 50 38 50 54 2,622 Other long-term benefits (1) 386 279 244 138 31 27 o/w French part-time for seniors plans 305 215 192 90 15 5 Total 454 330 283 188 85 2,649 (1) Provisions for Time Saving Account (CET) and long-term leave and long-term sick leave not included. |
Schedule of key assumptions | The discount rates used for the euro zone (which accounts for 86% of Orange’s pension and other long-term employee benefit obligations) are as follows: December 31, December 31, December 31, 2020 2019 2018 More than 10 years 0.55% to 0.90 % 0.70% to 0.90 % 1.70% à 1.85 % Less than 10 years -0.35% to 0.70 % (1) -0.33% to 0.70 % -0.20% à 1.30 % (1) A -0.25% rate has been used to value the obligation regarding the French part-time for seniors plans ( -0.25% as at December 31, 2019). The discount rates used for the euro zone are based on corporate bonds rated AA with a duration equivalent to the duration of the obligations. The increase in annuities of the Equant plans in the United Kingdom is based on inflation (2.90% used) up to 5%. The main capital-based defined benefit plan (retirement bonuses for employees under private-law contracts in France) is principally sensitive to employment policy assumptions (Orange has historically had high numbers of staff at retirement age). The estimated increase in the capital of this plan is based on a long-term inflation assumption of 2% associated with the effect of a higher “GVT” (acronym for Wage drift - Seniority - Job-skills). “Wage drift - Seniority - Job-skills” refers to annual change in total payroll costs independent of general or categorical increases in wages and salaries, due to in-grade promotions, out of grade promotions and the aging of existing staff. The impacts on pension benefit obligations of changes in key assumptions would be as follows: (in millions of euros) Rate increase by 50 points Rate decrease by 50 points Discount rates (1) (111) 123 Rate decrease by 5 % Rate increase by 5 % Sign-up rates for French part-time for seniors plans (2) (26) 26 (1) Includes 7 million euros for the French part-time for seniors plans (short term duration). (2) Sensitivity is performed on future entries in French part-time for seniors plans (TPS). |
Schedule of obligations | (in millions of euros) Post-employment benefits Long-term benefits French part- Annuity- time for based Capital-based seniors plans plans plans Other (TPS) Other 2020 2019 2018 Total benefit obligations in the opening balance 543 1,003 17 1,233 634 3,430 3,837 3,727 Service cost 1 60 0 32 57 150 146 786 Net interest on the defined benefit liability 6 12 0 (3) 1 17 27 23 Actuarial losses/(gains) arising from changes of assumptions 17 49 — 37 (0) 102 82 (34) o/w arising from change in discount rate 34 29 — (0) 1 63 182 (38) Actuarial losses/(gains) arising from experience 1 (11) — (92) (1) (1) (103) 5 78 Benefits paid (21) (33) (1) (405) (95) (555) (687) (746) Translation adjustment and other (18) (4) (0) 0 10 (11) 20 3 Total benefit obligations in the closing balance (a) 529 1,076 17 802 605 3,029 3,430 3,837 o/w benefit obligations in respect of employee benefit plans that are wholly or partly funded 529 20 — — — 549 562 507 o/w benefit obligations in respect of employee benefit plans that are wholly unfunded — 1,056 17 802 605 2,480 2,868 3,330 Weighted average duration of the plans (in years) 13 14 18 2 3 8 9 6 (1) In 2020, actuarial gains related to experience effects take into account a slowdown in the number of entries into the TPS plans. |
Schedule of fair value of plan assets | (in millions of euros) Post-employment benefits Long-term benefits French part- Annuity- time for based Capital-based seniors plans plans plans Other (TPS) Other 2020 2019 2018 Fair value of plan assets in the opening balance 458 0 — — — 458 414 409 Net interest on the defined benefit liability 6 0 — — — 6 8 7 (Gains)/Losses arising from experience 25 0 — — — 25 26 2 Employer contributions 18 — — — — 18 16 16 Benefits paid by the fund (18) — — — — (18) (19) (17) Translation adjustment and other (16) — — — — (16) 13 (3) Fair value of plan assets in the closing balance (b) 473 1 — — — 474 458 414 |
Schedule of employee benefits | (in millions of euros) Post-employment benefits Long-term benefits French part- Annuity- Capital- time for based based seniors plans plans plans Other (TPS) Other 2020 2019 2018 Employee benefits in the opening balance 85 1,003 17 1,233 634 2,972 3,423 3,318 Net expense for the period 1 72 1 (26) 57 105 117 889 Employer contributions (18) — — — — (18) (16) (16) Benefits directly paid by the employer (3) (33) (1) (405) (95) (538) (668) (729) Actuarial (gains)/losses generated during the year through other comprehensive income (7) 38 — — — 31 109 (45) Translation adjustment and other (2) (4) (0) 0 10 4 7 6 Employee benefits in the closing balance - Net unfunded status (a) - (b) 56 1,076 17 802 605 2,556 2,972 3,423 o/w non-current 34 1,031 16 497 596 2,174 2,397 2,722 o/w current 22 45 1 305 9 382 575 701 |
Schedule of net expense | (in millions of euros) Post-employment benefits Long-term benefits French part- Annuity- Capital- time for based based seniors plans plans plans Other (TPS) Other 2020 2019 2018 Service cost (1) (60) (0) (32) (57) (151) (146) (786) Net interest on the net defined benefit liability (1) (12) (0) 3 (1) (11) (19) (16) Actuarial gains/(losses) — — — 55 1 57 48 (87) Total (1) (72) (1) 26 (57) (105) (117) (889) o/w expenses in operating income (1) (60) (0) 23 (56) (94) (98) (873) o/w net interest on the net defined liability in finance cost (1) (12) (0) 3 (1) (11) (19) (16) |
Schedule of executive compensation | (in millions of euros) December 31, December 31, December 31, 2020 (4) 2019 2018 Short-term benefits excluding employer social security contributions (1) (16) (13) (15) Short-term benefits: employer’s social security contributions (5) (4) (5) Post-employment benefits (2) (0) (0) (0) Share-based compensation (3) (2) (2) (1) (1) Includes all compensation: gross salaries including the variable component, bonuses, attendance fees and benefits in kind, incentive scheme and profit-sharing, cash settled Long Term Incentive Plan (LTIP) in 2020 and 2018. (2) Service cost. (3) Includes employee shareholding plans and shares settled Long Term Incentive Plan (LTIP). (4) In 2020, an amount of (2) million euros relating to termination benefits was paid. These termination benefits are not presented in the compensation table above. |
Long Term Incentive Plan (LTIP) 2018 - 2020 [member] | |
Disclosure of defined benefit plans [line items] | |
Schedule of share-based payment | LTIP 2020 - 2022 LTIP 2019 - 2021 LTIP 2018 - 2020 Measurement date July 29, 2020 July 24, 2019 July 25, 2018 Vesting date December 31, 2022 December 31, 2021 December 31, 2020 Price of underlying instrument at measurement date 10.47 euros 13.16 euros 13.98 euros Price of underlying instrument at closing date 9.73 euros 9.73 euros 9.73 euros Expected dividends (% of the share price) 6.7 % 5.3 % 5.0 % Risk free yield (0.61) % (0.70) % (0.33) % Fair value per share of benefit granted to employees 6.06 euros 7.80 euros 11.23 euros o/w fair value of internal performance condition 8.58 euros 11.10 euros 11.94 euros o/w fair value of external performance condition 2.27 euros 4.50 euros 4.50 euros |
Impairment losses and goodwill
Impairment losses and goodwill (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Goodwill [abstract] | |
Schedule of goodwill impairment losses | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Jordan — (54) (56) Total of impairment of goodwill — (54) (56) |
Schedule of goodwill | (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Accumulated impairment Gross value losses Net book value Net book value Net book value France 14,377 (13) 14,364 14,364 14,364 Europe 13,463 (3,951) 9,512 9,537 9,420 Spain 6,986 (114) 6,872 6,872 6,840 Romania 1,806 (570) 1,236 1,236 1,236 Slovakia 806 — 806 806 806 Belgium 1,049 (713) 336 350 298 Poland 2,672 (2,536) 136 140 111 Moldova 76 — 76 83 79 Luxembourg 68 (19) 50 50 50 Africa & Middle East 2,510 (1,066) 1,443 1,481 1,542 Burkina Faso 428 — 428 428 428 Côte d’Ivoire 417 (42) 375 375 375 Morocco 253 — 253 257 251 Sierra Leone 118 — 118 134 152 Jordan 257 (154) 103 112 163 Cameroon 134 (90) 44 44 44 Other 903 (781) 122 131 129 Enterprise 2,871 (647) 2,225 2,245 1,830 International Carriers & Shared Services 18 — 18 18 18 Mobile Financial Services 35 — 35 — — Goodwill 33,273 (5,678) 27,596 27,644 27,174 (in millions of euros) December 31, December 31, December 31, Note 2020 2019 2018 Gross value in the opening balance 33,579 32,949 32,687 Acquisitions 26 520 353 Disposals — (4) (12) Translation adjustment (331) 111 (39) Reclassifications and other items — 3 (40) Gross value in the closing balance 33,273 33,579 32,949 Accumulated impairment losses in the opening balance (5,935) (5,775) (5,776) Impairment 8.1 — (54) (56) Disposals — 4 12 Translation adjustment 257 (110) 45 Accumulated impairment losses in the closing balance (5,678) (5,935) (5,775) Net book value of goodwill 27,596 27,644 27,174 |
Schedule of the parameters used for the determination of recoverable amounts | Belgium/ December 31, 2020 France Spain Poland Enterprise Luxembourg Romania Morocco Basis of recoverable amount Value in use Fair value Value in use Source used Internal plan NA Internal plan Methodology Discounted cash flow NA Discounted cash flow Perpetuity growth rate 0.8 % 1.5 % 1.5 % 0.3 % NA 2.3 % 2.8 % Post-tax discount rate 5.5 % (1) 6.5 % 7.3 % 7.5 % NA 7.5 % 7.3 % Pre-tax discount rate 7.4 % 8.1 % 8.5 % 10.2 % NA 8.5 % 8.6 % Sierra December 31, 2019 France Spain Poland Enterprise Belgium Leone Liberia Basis of recoverable amount Value in use Source used Internal plan Methodology Discounted cash flow Perpetuity growth rate 0.8 % 1.5 % 1.5 % 0.3 % 0.5 % 3.8 % 3.8 % Post-tax discount rate 6.0 % (1) 7.3 % 8.3 % 7.5 % 7.5 % 13.0 % 13.0 % Pre-tax discount rate 8.1 % 9.1 % 9.7 % 10.0 % 9.6 % 15.9 % 15.9 % December 31, 2018 France Spain Poland Enterprise Belgium Romania Egypt Basis of recoverable amount Value in use Source used Internal plan Methodology Discounted cash flow Perpetuity growth rate 0.8 % 1.5 % 1.0 % 0.3 % 0.5 % 2.3 % 4.0 % Post-tax discount rate 6.0 % (1) 7.0 % 8.0 % 7.5 % 6.8 % 8.3 % 13.8 % Pre-tax discount rate 7.8 % 8.8 % 9.5 % 10.2 % 8.6 % 9.3 % 16.1 % (1) The after-tax discount rate for France includes a corporate tax reduction of 25.82% by 2022. |
Schedule of sensitivity analysis of recoverable amounts of cash generating unit | Decrease in th e discounted cash Increase in discount rate Decrease in the perpetual growth flows of the terminal value for the recoverable amount to be rate order for the recoverable amount to equal to the net carrying value (in amount to be equal to the net be equal to the net carrying value basis points) carrying value (in basis points) (in %) December 31, 2020 France +141 bp (124) bp -28 % Spain +1 bp (1) bp 0 % Poland +189 bp (151) bp -23 % Enterprise +1,067 bp (1,691) bp -82 % Romania +49 bp (49) bp -9 % Morocco +354 bp (433) bp -53 % Belgium NA NA NA December 31, 2019 France +252 bp (243) bp -34 % Spain +54 bp (63) bp -11 % Poland +200 bp (178) bp -24 % Enterprise +1,130 bp (1,783) bp -74 % Belgium +856 bp (711) bp -69 % Sierra Leone +50 bp (86) bp -9 % Liberia +83 bp (154) bp -15 % December 31, 2018 France +347 bp (399) bp -48 % Spain +144 bp (173) bp -26 % Poland +354 bp (312) bp -33 % Belgium +301 bp (324) bp -38 % Enterprise +1,299 bp (3,573) bp -88 % |
Fixed assets (Tables)
Fixed assets (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Other intangible assets and property, plant and equipment [abstract] | |
Schedule of gains (losses) on disposal of fixed assets | (in millions of euros) 2020 2019 2018 Transfer price 444 610 224 Net book value of assets sold (223) (307) (44) Proceeds from the disposal of fixed assets (1) 221 303 180 (1) In 2020, the gains on disposal of fixed assets related to the sale and leaseback transactions amount to 143 million euros (195 million euros as December 31, 2019) and mainly comprise property asset disposals in France as well as mobile site disposals in Spain. These transactions fall within the context of the Group asset portfolio review. |
Schedule of depreciation periods | Main assets Depreciation period (average) Brands acquired Up to 15 years, except for the Orange brand with an indefinite useful life Customer bases acquired Expected life of the commercial relationship: 3 to 16 years Mobile network licenses Grant period from the date when the network is technically ready and the service can be marketed Indefeasible Rights of Use of submarine and terrestrial cables Shorter of the expected period of use and the contractual period, generally less than 20 years Patents 20 years maximum Software 5 years maximum Development costs 3 to 5 years Buildings 10 to 30 years Transmission and other network equipment 5 to 10 years Copper cables, optical fiber and civil works 10 to 30 years Computer hardware 3 to 5 years |
Schedule of impairment of fixed assets | (in millions of euros) 2020 2019 2018 France (15) — — International Carriers & Shared Services (7) — — Poland (7) (12) 1 Niger — — (43) Egypt 1 89 (4) Other (2) (4) (2) Total of impairment of fixed assets (30) 73 (49) |
Schedule of other assumptions that affect the assessment of the recoverable amount | December 31, December 31, December 31, 2020 2019 2018 Basis of recoverable amount Value in use Value in use Value in use Source used Internal plan Internal plan Internal plan Methodology Discounted net fees Discounted net fees Discounted net fees Perpetuity growth rate 1.2 % 1.1 % 1.2 % Post-tax discount rate 6.9 % 7.4 % 7.4 % Pre-tax discount rate 8.3 % 8.8 % 8.8 % The sensitivity analysis did not highlight any risk of impairment of the Orange brand. |
Schedule of other intangible assets, information on telecommunication licenses, and capitalized expenditure on intangible assets | (in millions of euros) December 31, 2020 December 31, December 31, 2019 2018 Accumulated depreciation and Accumulated Net book Net book Net book Gross value amortization impairment value value value Telecommunications licenses 12,168 (5,800) (46) 6,322 6,043 5,917 Software 13,149 (8,842) (19) 4,288 4,250 4,046 Orange brand 3,133 — — 3,133 3,133 3,133 Other brands 1,099 (121) (899) 78 88 89 Customer bases 5,265 (4,785) (11) 469 597 449 Other intangible assets 2,564 (1,543) (177) 844 626 439 Total 37,378 (21,090) (1,152) 15,135 14,737 14,073 (in millions of euros) 2020 2019 2018 Net book value of other intangible assets - in the opening balance 14,737 14,073 14,339 Acquisitions of other intangible assets 2,935 2,385 1,895 o/w telecommunications licenses (1) 969 519 200 Impact of changes in the scope of consolidation (2) 31 328 69 Disposals (4) (10) (0) Depreciation and amortization (2,309) (2,286) (2,256) Impairment (3) (24) 88 (10) Translation adjustment (176) 106 7 Reclassifications and other items (55) 52 29 Net book value of other intangible assets - in the closing balance 15,135 14,737 14,073 (1) Relates in 2020 to the acquisition of the 5G license for 875 million euros in France and in Slovakia for 37 million euros. In 2019, related to licenses for 296 million euros in Spain, for 119 million euros in Burkina Faso and for 82 million euros in Guinea. In 2018, related to the acquisition of the 5G license for 142 million euros in Spain. (2) In 2019, mainly relates to the effects of SecureLink and SecureData acquisition (see Note 4.2). (3) Includes impairment detailed in Note 8.1. Internal costs capitalized as intangible assets Internal costs capitalized as intangible assets relate to labor expenses and amounted to 405 million euros in 2020, 389 million euros in 2019 and 382 million euros in 2018. Information on telecommunications licenses at December 31, 2020 Orange’s principal commitments under licenses awarded are disclosed in Note 16. (in millions of euros) Residual Gross value Net book value useful life (1) 5G 875 870 14.9 LTE (2) 2,180 1,596 10.8 to 15.9 UMTS 914 159 0.7 and 9.4 GSM 266 3 0.5 France 4,235 2,628 5G 459 459 10.0 and 17.9 LTE 529 328 10.0 to 10.3 GSM 285 123 10.0 Spain 1,273 910 LTE 745 494 7.0 to 10.1 UMTS 365 43 3.0 GSM 131 45 6.6 and 8.5 Poland 1,241 582 LTE 413 317 11.0 UMTS 142 46 11.0 GSM 401 114 11.0 Egypt 956 477 LTE 60 47 14.2 UMTS 28 11 11.5 GSM 744 170 10.3 Morocco 832 228 LTE 184 101 8.3 UMTS 91 50 8.3 GSM 292 120 8.3 Romania 567 271 LTE 82 51 9.4 UMTS 132 73 4.2 to 12.3 GSM 177 87 8.0 Jordan 391 211 LTE (2 licenses) 140 90 6.4 and 12.9 UMTS 149 2 0.3 GSM 76 2 0.2 Belgium 365 94 5G 37 37 4.5 and 19.5 LTE 76 44 8.9 UMTS 46 12 1.6 to 5.4 GSM 66 15 4.7 Slovensko 225 108 Other 2,083 813 Total 12,168 6,322 (1) In number of years, at December 31, 2020. (2) Comprises the 700 MHz license of which the spectrum is technologically neutral. |
Schedule of property, plant and equipment | (in millions of euros) December 31, 2020 December 31, December 31, 2019 2018 Accumulated depreciation and Accumulated Net book Net book Net book Gross value amortization impairment value value value Networks and terminals 90,991 (64,999) (167) 25,825 25,137 23,962 Land and buildings 7,295 (5,067) (210) 2,018 2,026 2,479 IT equipment 3,942 (3,140) (0) 801 803 817 Other property, plant and equipment 1,687 (1,251) (6) 431 456 435 Total property, plant and 103,915 (74,456) (384) 29,075 28,423 27,693 (in millions of euros) 2020 2019 2018 Net book value of property, plant and equipment - in the opening balance 28,423 27,693 26,665 IFRS 16 transition impact (1) — (574) — Net book value of property, plant and equipment - including IFRS 16 transition impact 28,423 27,119 26,665 Acquisitions of property, plant and equipment 5,848 6,181 5,883 o/w finance leases — — 136 o/w financed assets 241 144 — Impact of changes in the scope of consolidation (2) 0 (52) 63 Disposals and retirements (154) (164) (44) Depreciation and amortization (4,880) (4,838) (4,791) o/w fixed assets (4,825) (4,824) (4,791) o/w financed assets (55) (14) — Impairment (3) (6) (15) (39) Translation adjustment (319) 115 (27) Reclassifications and other items 164 78 (17) Net book value of property, plant and equipment - in the closing balance 29,075 28,423 27,693 (1) Following IFRS 16 application as of January 1, 2019, financial lease contracts have been reclassified in right-of-use assets. (2) Mainly relates in 2019 to the disposal of Orange Niger. In 2018, mainly related to Basefarm entities acquisition (see Note 4.2). (3) Includes impairment detailed in Note 8.1. |
Schedule of reconciliation of fixed asset payable | (in millions of euros) 2020 2019 2018 Fixed assets payable in the opening balance 3,665 3,447 3,656 Business related variations (1) 1,002 200 (230) Changes in the scope of consolidation (0) (14) 0 Translation adjustment (50) 29 8 Reclassifications and other items 23 3 13 Fixed assets payable in the closing balance 4,640 3,665 3,447 o/w long-term fixed assets payable 1,291 817 612 o/w short-term fixed assets payable 3,349 2,848 2,835 (1) Includes 725 million euros in 2020 for the acquisition of the 5G license in France. |
Schedule of reconciliation of provisions for dismantling | (in millions of euros) 2020 2019 (1) 2018 Dismantling provisions - in the opening balance 827 776 789 Provision reversal with impact on income statement (0) (0) — Discounting with impact on income statement 2 5 13 Utilizations without impact on income statement (12) (24) (15) Changes in provision with impact on assets (2) 79 67 (19) Changes in the scope of consolidation — — — Translation adjustment (10) 2 (3) Reclassifications and other items 16 2 11 Dismantling provisions - in the closing balance 901 827 776 o/w non-current provisions 885 812 765 o/w current provisions 16 15 11 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). (2) Included in 2018 extinctions of obligations for (66) million euros. |
Lease agreements (Tables)
Lease agreements (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Presentation of leases for lessee [abstract] | |
Schedule of undiscounted future cash flows of lease liabilities | (in millions of euros) 2020 2019 (1) Lease liabilities - in the opening balance 6,932 6,531 Increase with counterpart in right of use 1,582 1,580 Impact of changes in the scope of consolidation 1 18 Decrease in lease liabilities following rental payments (1,400) (1,429) Impact of changes in the assessments 326 187 Translation adjustment (96) 24 Reclassifications and other items 26 21 Lease liabilities - in the closing balance 7,371 6,932 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). The following table details the undiscounted future cash flows of lease liabilities: (in millions of euros) December 2021 2022 2023 2024 2025 2026 and 31, 2020 beyond Undiscounted lease liabilities 8,025 1,581 1,273 1,047 879 763 2,482 |
Schedule of right-of-use-assets | (in millions of euros) December 31, 2020 December 31, 2019 Gross value Accumulated Accumulated Net book Net book value depreciation impairment value and amortization Land and buildings 7,035 (1,937) (233) 4,865 4,959 Networks and terminals 2,540 (609) — 1,931 1,524 IT equipment 120 (90) (0) 30 29 Other right-of-use 304 (121) (0) 184 188 Total right-of-use assets 9,999 (2,757) (233) 7,009 6,700 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). (in millions of euros) 2020 2019 (1) Net book value of right-of-use assets - in the opening balance 6,700 6,790 Increase (new right-of-use assets) 1,529 1,014 Impact of changes in the scope of consolidation 1 18 Depreciation and amortization (2) (1,384) (1,274) Impairment (3) (57) (33) Impact of changes in the assessments 331 187 Translation adjustment (104) 26 Reclassifications and other items (7) (28) Net book value of right-of-use assets - in the closing balance 7,009 6,700 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). (2) Including in 2020, right-of-use assets depreciation and amortization expenses of land and buildings for (947) million euros, networks and terminals for (358) million euros, IT equipment for (13) million euros and other right-of-use assets for (65) million euros. Including in 2019, right-of-use assets depreciation and amortization expenses of land and buildings for (908) million euros, networks and terminals for (301) million euros, IT equipment for (12) million euros and other right-of-use assets for (53) million euros. (3) Impairment losses on right-of-use assets concern real estate leases qualified as onerous contracts. |
Taxes (Tables)
Taxes (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Major components of tax expense (income) [abstract] | |
Operating taxes and levies recognized in the income statement | (in millions of euros) 2020 2019 2018 Territorial Economic Contribution, IFER (1) (795) (758) (820) Spectrum fees (341) (329) (309) Levies on telecommunication services (319) (276) (286) Other operating taxes and levies (469) (465) (425) Total (1,924) (1,827) (1,840) (1) Including (320) million euros regarding the company value-added contribution in 2020. |
Operating taxes and levies in the statement of financial position | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Value added tax 966 996 953 Other operating taxes and levies 138 94 74 Operating taxes and levies - receivables 1,104 1,090 1,027 Value added tax (652) (649) (647) Territorial Economic Contribution, IFER and similar taxes (1) (87) (90) (94) Spectrum fees (21) (22) (29) Levies on telecommunication services (128) (118) (113) Other operating taxes and levies (391) (408) (439) Operating taxes and levies - payables (1,279) (1,287) (1,322) Operating taxes and levies - net (175) (197) (295) (1) Including ( 19 ) million euros regarding the company value-added contribution in 2020. |
Net operating taxes and levies (payable) | (in millions of euros) 2020 2019 2018 Net operating taxes and levies (payables) in the opening balance (197) (295) (217) Operating taxes and levies recognized in profit or loss (1,924) (1,827) (1,840) Operating taxes and levies paid 1,929 1,939 1,777 Changes in the scope of consolidation — 3 (13) Translation adjustment 20 (16) (3) Reclassifications and other items (3) (1) 1 Net operating taxes and levies (payables) in the closing balance (175) (197) (295) |
Income tax in profit and loss | (in millions of euros) 2020 2019 2018 Orange SA tax group 1,556 (875) (702) • Current tax 1,801 (559) (595) • Deferred tax (246) (316) (107) Spanish tax group (146) (123) (164) • Current tax (40) (84) (65) • Deferred tax (106) (39) (99) Africa & Middle East (341) (296) (255) • Current tax (343) (294) (258) • Deferred tax 2 (1) 3 United Kingdom (137) (66) (66) • Current tax (75) (66) (66) • Deferred tax (63) (0) (0) Other subsidiaries (83) (86) (122) • Current tax (99) (89) (128) • Deferred tax 16 3 6 Total Income taxes 848 (1,447) (1,309) • Current tax 1,245 (1,093) (1,112) • Deferred tax (396) (354) (197) In 2020, the Orange group's current tax amounted to 1,245 million euros and included tax income of 2,246 million euros related to the tax dispute in France for fiscal years 2005-2006. In the absence of this income, the tax expense for the Orange group would be (1,397) million euros (including (1,001) million euros in current tax), and the tax expense for the Orange SA tax group would be (690) million euros (including (444) million euros in current tax expense). |
Effective income tax on continuing operations | (in millions of euros) Note 2020 2019 2018 Profit before tax 4,207 4,669 3,467 Statutory tax rate in France 32.02 % 34.43 % 34.43 % Theoretical income tax (1,347) (1,608) (1,194) Reconciling items : Impairment of goodwill (1) 8.1 — (19) (19) Impairment of BT shares 13.7 — (34) (30) Share of profits (losses) of associates and joint ventures (1) 3 1 Adjustment of prior-year taxes 1 10 23 Recognition / (derecognition) of deferred tax assets (98) (36) (151) Difference in tax rates (2) 157 192 189 Change in applicable tax rates (3) (92) 43 (84) Tax income related to the 2005-2006 tax dispute (4) 2,246 — — Other reconciling items (18) 2 (44) Effective income tax 848 (1,447) (1,309) Effective tax rate (20.17) % 30.99 % 37.75 % (1) Reconciliation item calculated based on the tax rate applicable to the parent company of the Group. The difference between the tax rate of the parent company and the local tax rate of subsidiaries is presented below in "Difference in tax rates". (2) The Group is present in jurisdictions in which tax rates are different from the French tax rate. This mainly includes the United Kingdom (tax rate of 19%) and Spain (tax rate of 25%) . (3) Takes into account the remeasurement of the deferred tax due to change of tax rate in tax legislation, as well as the impact of the booking over the period of deferred tax at tax rates that differ from the rate applicable in the current fiscal year. (4) Relates to the tax income of 2,246 million euros (including interests) recognized in 2020 following the favorable decision handed down on November 13, 2020 by the Conseil d'Etat on the tax dispute in respect of fiscal years 2005-2006. The impact of this tax income on the effective tax rate is (53.3) basis points. Excluding this item, the Group effective tax rate would be 33.2% . |
Corporate income tax on other comprehensive income | (in millions of euros) 2020 2019 2018 Gross Deferred Gross Deferred Gross Deferred amount tax amount tax amount tax Actuarial gains and losses on post-employment benefits (31) 6 (109) 30 45 (6) Assets at fair value 94 — (16) — (30) — Cash flow hedges 22 (10) 144 (47) (67) 18 Translation adjustment (414) — 78 — (7) — Other comprehensive income of associates and joint ventures — — — — — — Total presented in other comprehensive income (328) (4) 97 (17) (59) 12 |
Tax position in the statement of financial position | (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Assets Liabi-lities Net Assets Liabi-lities Net Assets Liabi-lities Net Orange SA tax group • Current tax — 359 (359) — 385 (385) — 438 (438) • Deferred tax (1) 384 — 384 633 — 633 977 — 977 Spanish tax group • Current tax 12 — 12 — 32 (32) — 4 (4) • Deferred tax (2) — 95 (95) 11 — 11 50 — 50 Africa & Middle East • Current tax 45 228 (183) 43 212 (168) 32 182 (150) • Deferred tax 103 55 48 92 55 37 84 42 42 United Kingdom • Current tax — 4 (4) — 30 (30) — 34 (34) • Deferred tax (3) — 600 (600) 1 539 (538) — 531 (531) Other subsidiaries • Current tax 70 82 (12) 76 90 (14) 87 97 (10) • Deferred tax 244 105 139 255 108 147 255 58 197 Total • Current tax 128 673 (545) 120 748 (629) 119 755 (636) • Deferred tax 731 855 (124) 992 703 289 1,366 631 735 (1) Mainly includes deferred tax assets on employee benefits. (2) The recognized deferred tax assets are offset by the deferred tax liabilities on the goodwill which is tax deductible. (3) Mainly deferred tax liabilities on the Orange brand. |
Change in net current tax | (in millions of euros) 2020 2019 2018 Net current tax assets / (liabilities) in the opening balance (629) (636) (464) Cash tax payments (1) (1,160) 1,079 928 Change in income statement (2) 1,245 (1,093) (1,116) Change in other comprehensive income — — — Change in retained earnings (3) (2) 48 0 Changes in the scope of consolidation (0) (1) 19 Translation adjustment 4 (1) (3) Reclassification and other items (4) (24) — Net current tax assets / (liabilities) in the closing balance (545) (629) (636) (1) Includes in 2020 the reimbursement of 2,246 million euros in respect of the tax dispute for 2005-2006. (2) Includes a tax income of 2,246 million euros in 2020 in respect of the tax dispute for 2005-2006. (3) Mainly corresponds to the tax effect relating to the remeasurement of the portion of subordinated notes denominated in foreign currency and the tax effects of transaction costs and premium paid related to the refinancing of subordinated notes. |
Change in net deferred tax | (in millions of euros) 2020 2019 2018 Net deferred tax assets / (liabilities) in the opening balance 289 735 931 Change in income statement (396) (354) (197) Change in other comprehensive income (4) (17) 12 Change in retained earnings — 4 — Change in the scope of consolidation (2) (76) (10) Translation adjustment (10) 0 (7) Reclassification and other items (2) (3) 6 Net deferred tax assets / (liabilities) in the closing balance (124) 289 735 |
Deferred tax assets and liabilities by type | (in millions of euros) December 31, 2020 December 31, 2019 (1) December 31, 2018 Income Income Income Assets Liabilities state-ment Assets Liabilities state-ment Assets Liabilities state-ment Provisions for employee benefit obligations 556 — (154) 704 — (169) 833 — (25) Fixed assets 552 1,275 (111) 614 1,216 (68) 721 1,123 (26) Tax losses carryforward 3,887 — 8 3,895 — 8 3,914 — (105) Other temporary differences 2,690 2,821 (71) 2,812 2,858 (83) 1,245 1,146 (42) Deferred tax 7,685 4,096 (327) 8,025 4,074 (312) 6,713 2,269 (198) Depreciation of deferred tax assets (3,714) — (69) (3,661) — (41) (3,709) — 1 Netting (3,241) (3,241) — (3,372) (3,372) — (1,638) (1,638) — Total 731 855 (396) 992 703 (354) 1,366 631 (197) (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). |
Interests in associates and j_2
Interests in associates and joint ventures (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of interests in associates and joint ventures [abstract] | |
Schedule of interests in associates and joint ventures | (in millions of euros) Company Main activity Main co-shareholders 2020 2020 2019 2018 Entities jointly controlled Mauritius Telecom Telecommunications operator in Mauritius Mauritius government (33)% 40 % 70 83 81 Other 10 5 2 Entities under significant influence Odyssey Music Group (Deezer) Streaming platform AI European Holdings SARL (45)% 11 % 5 7 13 IRISnet Telecommunications operator in Belgium MRBC (53)% 15 % 5 5 4 Other 8 3 4 TOTAL 98 103 104 The change in interests in associates and joint ventures is as follows: (in millions of euros) 2020 2019 2018 Interests in associates - in the opening balance 103 104 77 Dividends (4) (2) (3) Share of profits (losses) (2) 8 3 Impairment (0) (0) — Change in components of other comprehensive income — — — Changes in the scope of consolidation 0 2 (1) Translation adjustment (12) (4) 5 Reclassifications and other items 13 (5) 23 Interests in associates - in the closing balance 98 103 104 |
Schedule of operations performed between the Group and the interests in associates and joint ventures | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Assets Non-current financial assets 9 — (0) Trade receivables 39 37 31 Current financial assets 5 2 (1) Other current assets — 1 — Liabilities Current financial liabilities 0 — 7 Trade payables 5 10 9 Other current liabilities 0 0 0 Customer contract liabilities 3 0 0 Income statement Revenue 14 10 13 External purchases and other operating expenses (29) (10) (66) Other operating income 8 7 8 Finance costs, net 0 1 — |
Financial assets, liabilities_2
Financial assets, liabilities and financial result (excluding Orange Bank) (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of financial assets and liabilities | (in millions of euros) Orange O/w Note O/w Mobile Note O/w eliminations consolidated telecom Financial telecom financial activities Services activities /mobile statements financial services Non-current financial assets related to Mobile Financial Services activities 1,210 — 1,210 17.1.1 — Non-current financial assets 1,516 1,544 13.7 — (27) (1) Non-current derivatives assets 132 132 13.8 — 17.1.3 — Current financial assets related to Mobile Financial Services activities 2,075 — 2,077 17.1.1 (2) Current financial assets 3,259 3,259 13.7 — — Current derivatives assets 162 162 13.8 — 17.1.3 — Cash and cash equivalents 8,145 7,891 14.3 254 — Non-current financial liabilities related to Mobile Financial Services activities — — 27 17.1.2 (27) (1) Non-current financial liabilities 30,089 30,089 13.3 — — Non-current derivatives liabilities 844 769 13.8 75 17.1.3 — Current financial liabilities related to Mobile Financial Services activities 3,128 — 3,128 17.1.2 — Current financial liabilities 5,170 5,172 13.3 — (2) Current derivatives liabilities 35 35 13.8 — 17.1.3 — (1) Loan granted by Orange SA to Orange Bank. |
Schedule of credit rating | Standard Moody’s Fitch & Poor’s Ratings Long-term debt BBB+ Baa1 BBB+ Outlook Stable Stable Stable Short-term debt A2 P2 F2 |
Schedule of borrowing | Initial nominal amount Amounts (in millions Interest rate in millions Notional currency of currency) Maturity (%) Issuer Type of operations of euros EUR 750 July 7, 2027 1.250 Orange SA Issuance 750 XOF 100,000 July 15, 2027 6.500 Sonatel Issuance 152 EUR 500 September 16, 2029 0.125 Orange SA Sustainable bond 500 EUR 750 April 7, 2032 1.625 Orange SA Issuance 750 Total of issuances 2,152 EUR 25 February 10, 2020 4.200 Orange SA Repayment at maturity (25) EUR 25 February 10, 2020 10Y CMS + 0.80 Orange SA Repayment at maturity (25) EUR 1,000 April 9, 2020 3.875 Orange SA Repayment at maturity (1,000) GBP 450 November 10, 2020 7.250 Orange SA Repayment at maturity (267) (1) EUR 650 January 15, 2022 0.500 Orange SA Partial repayment (35) EUR 150 February 6, 2023 EUR 3M + 5.5 SecureLink Early repayment (150) EUR 1,000 June 15, 2022 3.000 Orange SA Early repayment (1,000) MAD 1,090 December 18, 2025 3.970 Médi Telecom Regular annual basis repayment (9) MAD 720 December 18, 2025 1Y BDT + 1.00 Médi Telecom Regular annual basis repayment (14) MAD 1,002 December 10, 2026 3.400 Médi Telecom Regular annual basis repayment (13) MAD 788 December 10, 2026 1Y BDT + 0.85 Médi Telecom Regular annual basis repayment (10) Total of repayments (2,548) (1) On November 10, 2020, the Group redeemed the residual amount 238 million pounds sterling ( 267 million euros) on an original nominal amount of 450 million pounds sterling. |
Schedule of financial assets | The financial assets break down as follows: (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Non-current Current Total Total Total Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss 431 — 431 277 254 Investments securities 431 — 431 277 254 Financial assets at fair value through profit or loss 784 3,206 3,990 4,953 4,041 Investments at fair value (1) — 3,206 3,206 4,696 2,683 Investments securities 141 — 141 133 805 Cash collateral paid (2) 642 — 642 123 553 Financial assets at amortized cost 329 53 382 772 762 Receivables related to investments (3) 44 11 55 70 55 Other (4) 285 42 327 702 707 Total financial assets 1,544 3,259 4,803 6,001 5,057 (1) NEUCP and bonds only (see Note 14.3). (2) See Note 14.5. (3) Including loan from Orange SA to Orange Bank for 27 million euros. (4) The escrowed amount of 346 million euros booked in 2018 in relation with the Digicel litigation has been fully paid in 2020 (see Note 18). Investment securities |
Schedule of investment securities measured at fair value through other comprehensive income that may not be reclassified to profit or loss | (in millions of euros) 2020 2019 2018 Investment securities measured at fair value through other comprehensive income that may not be reclassified to profit or loss - in the opening balance 277 254 208 Acquisitions 81 52 75 Changes in fair value 94 (25) (22) Sales (20) (2) (7) Other movements (2) (2) — Investment securities measured at fair value through other comprehensive income that may not be reclassified to profit or loss - in the closing balance 431 277 254 |
Schedule of investment securities measured at fair value through profit or loss | Investment securities measured at fair value through profit or loss (in millions of euros) 2020 2019 2018 Investment securities measured at fair value through profit or loss - in the opening balance 133 805 1,005 Changes in fair value 8 17 (101) Sale of BT shares — (659) (53) Other movements (0) (29) (46) Investment securities measured at fair value through profit or loss - in the closing balance 141 133 805 |
Schedule of change in cash flow hedge reserve | (in millions of euros) Hedged risk Total Exchange and interest Exchange risk Interest rate risk rate risk Hedging instruments (160) Cross Currency Swap Forward Interest rate swap FX swap Option Carrying amount - asset 353 351 2 — Carrying amount - liability (513) (479) (0) (34) Change in cash flow hedge reserve (67) (83) (7) 23 Gain (loss) recognized in other comprehensive income (53) (45) (15) 7 Reclassification in financial result (22) (38) — 16 Reclassification in operating income (1) — (1) — Reclassification in initial carrying amount of hedged item 9 — 9 — Cash flow hedge reserve (267) (245) 3 (25) o/w related to unmatured hedging instruments (721) (696) 3 (28) o/w related to discontinued hedges 454 451 0 3 Hedged item Bonds and credit lines Purchases of handsets Bonds and Finance and equipment Lease Current and non current Property, plant and Current and non current Balance sheet item financial liabilities equipment financial liabilities |
Schedule of hedges unmatured and their effects on financial statements | (in millions of euros) Hedged risk Total Exchange and interest rate risk Exchange risk Interest rate risk Hedging instruments (311) Cross Currency Swap Forward Interest rate swap FX swap Option Option Carrying amount - asset 223 216 6 1 Carrying amount – liability (534) (502) (1) (31) Change in cash flow hedge reserve 22 6 5 11 Gain (loss) recognized in other comprehensive income 3 (16) 8 11 Reclassification in financial result 21 22 (1) — Reclassification in operating income 1 — 1 — Reclassification in initial carrying amount of hedged item (3) — (3) — Cash flow hedge reserve (100) (91) 2 (11) o/w related to unmatured hedging instruments (541) (532) 2 (11) o/w related to discontinued hedges 440 440 — 0 Hedged item Bonds and credit lines Purchases of handsets and equipment Bonds and Lease liabilities Balance sheet item Current and non-current financial liabilities Property, plant and equipment Lease and Financial Liabilities - current and non-current The main hedges unmatured at December 31, 2019, as well as their effects on the financial statements, are detailed in the table below. (in millions of euros) Hedged risk Total Exchange and interest rate risk Exchange risk Interest rate risk Hedging instruments 328 Cross Currency Swap Forward Interest rate swap FX swap Option Option Carrying amount - asset 557 554 2 1 Carrying amount - liability (229) (190) (3) (36) Change in cash flow hedge reserve 144 148 (10) 7 Gain (loss) recognized in other comprehensive income 179 184 (12) 7 Reclassification in financial result (38) (36) (1) (1) Reclassification in operating income 1 — 1 — Reclassification in initial carrying amount of hedged item 2 — 2 — Cash flow hedge reserve (123) (95) (6) (22) o/w related to unmatured hedging instruments (542) (513) (6) (22) o/w related to discontinued hedges 418 418 — — Hedged item Bonds and credit lines Purchases of handsets Bonds and Lease and equipment liabilities Current and non-current Property, plant and Leasing and Financial Liabilities - Balance sheet item financial liabilities equipment current and non-current |
Schedule of maturity analysis | Notional amounts of hedging instruments per maturity (in millions of hedged currency units) 2021 2022 2023 2024 2025 and beyond Orange SA Cross currency swaps CHF — — — — 500 (1) GBP 517 — — — 2,512 (2) HKD — — 1,110 — 939 (3) NOK — — — — 1,300 (4) USD 1,000 — — — 4,200 (5) Interest rate swaps EUR 255 — — — 100 (6) FT Immo H Interest rate swaps EUR 20 41 — 33 — Orange Polska Forwards EUR 141 — — — — (1) 400 million Swiss francs with a maturity 2025 and 100 million Swiss francs with a maturity 2029. (2) 262 million pounds sterling with a maturity 2025, 500 million pounds sterling with a maturity 2028, 750 million pounds sterling with a maturity 2032, 500 million pounds sterling with a maturity 2034 and 500 million pounds sterling with a maturity 2050. (3) 939 million Hong Kong dollars with a maturity 2034. (4) 500 million Norwegian kroners with a maturity 2025 and 800 million Norwegian kroners with a maturity 2028. (5) 2,450 million US dollars with a maturity 2031, 900 million US dollars with a maturity 2042 and 850 million US dollars with a maturity 2044. (6) 100 million euros with a maturity 2030. |
Telecom activities, operating segment [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of net finance costs and other comprehensive income on financial assets and liabilities | (in millions of euros) Other compre- Finance costs, net hensive income Cost of Gains Cost of net Foreign Other net Finance Reserves gross (losses) on financial exchange financial costs, net financial assets debt gains expenses (2) debt (1) contributing (losses) to net financial debt 2020 Financial assets — (1) (1) (151) 39 94 Financial liabilities (1,152) — (1,152) 623 (0) — Lease liabilities — — — — (120) — Derivatives 52 — 52 (576) 0 22 Discounting expense — — — — (29) — Total (1,100) (1) (1,102) (103) (110) (1,314) 116 2019 (3) Financial assets — 5 5 31 (65) (25) Financial liabilities (1,255) — (1,255) (351) — — Lease liabilities — — — — (129) — Derivatives 146 — 146 397 — 144 Discounting expense — — — — (39) — Total (1,109) 5 (1,104) 76 (233) (1,261) 119 2018 Financial assets — 9 9 (17) 16 (22) Financial liabilities (1,395) — (1,395) (353) — — Derivatives 54 — 54 366 — (67) Discounting expense — — — — (42) — Total (1,341) 9 (1,332) (4) (26) (1,362) (89) (1) Include interests on debt relating to financed assets for (1) million euros in 2020 and 2019. (2) Include interest on lease liabilities for (120) million euros in 2020 and (129) million euros in 2019 and effects related to the investment in BT for (119) million euros in 2019, and (51) million euros in 2018. (3) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). |
Schedule of net financial debt | (in millions of euros) Note December 31, December 31, December 31, 2020 2019 2018 TDIRA 13.4 636 822 822 Bonds 13.5 29,848 30,893 27,070 Bank loans and from development organizations and multilateral lending institutions 13.6 3,671 4,013 3,664 Debt relating to financed assets 295 125 — Finance lease liabilities — — 584 Cash collateral received 14.5 31 261 82 NEU Commercial Paper (1) 555 158 1,116 Bank overdrafts 154 203 318 Other financial liabilities 70 602 (2) 363 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 35,260 37,076 34,019 Current and non-current Derivatives (liabilities) 13.8 804 436 845 Current and non-current Derivatives (assets) 13.8 (294) (573) (385) Other comprehensive income components related to unmatured hedging instruments 13.8 (541) (542) (721) Gross financial debt after derivatives (a) 35,229 36,397 33,758 Cash collateral paid (3) 14.5 (642) (123) (553) Investments at fair value (4) 14.3 (3,206) (4,696) (2,683) Cash equivalents 14.3 (5,140) (3,651) (2,523) Cash (2,751) (2,462) (2,558) Assets included in the calculation of net financial debt (b) (11,740) (10,931) (8,317) Net financial debt (a) + (b) 23,489 25,466 25,441 (1) Negotiable European Commercial Paper (formerly called "commercial paper"). (2) As of December 31, 2019, included 500 million euros of subordinated notes reclassified as a short term liability and redeemed on February 7, 2020 (first call date). (3) Only cash collateral paid, included in non-current financial assets of the consolidated statement of financial position, are deducted from gross financial debt. (4) Only investments at fair value, included in current financial assets of the consolidated statement of financial position, are deducted from gross financial debt (Note 14.3). |
Schedule of changes in financial liabilities whose cash flows are disclosed in financing activities in the cash flow statement | (in millions of euros) December 31, Cash Other changes with no impact December 31, 2019 flows on cash flows 2020 Changes in Foreign the scope of exchange consolidation movement Other TDIRA 822 (185) — — (1) 636 Bonds 30,893 (389) — (624) (31) (1) 29,848 Bank loans and from development organizations and multilateral lending institutions 4,013 (322) — (25) 5 3,671 Debt relating to financed assets 125 (60) — — 231 295 Cash collateral received 261 (230) — — (0) 31 NEU Commercial Paper 158 397 — — (0) 555 Bank overdrafts 203 (37) (0) (12) — 154 Other financial liabilities 602 (484) — (2) (46) 70 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 37,076 (1,311) (0) (663) 157 35,260 Net derivatives (138) 37 — 641 (29) 510 Cash collateral paid (123) (519) — 0 — (642) Cash flows from financing activities (1,793) (1) Mainly corresponding to changes in accrued interests not yet due. (in millions of euros) December 31,2018 Cash Other changes with no impact December 31, 2019 Changes in Foreign Other TDIRA 822 — — — — 822 Bonds 27,070 3,391 148 346 (63) (1) 30,893 Bank loans and from development organizations and multilateral lending institutions 3,664 335 (30) 36 8 4,013 Finance lease liabilities 584 — — — (584) — Debt relating to financed assets — (17) — — 143 125 Cash collateral received 82 179 — — (0) 261 NEU Commercial Paper 1,116 (958) — — (1) 158 Bank overdrafts 318 (123) (4) 5 7 203 Other financial liabilities 363 (10) 9 10 229 602 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 34,019 2,797 123 398 (261) 37,076 Net derivatives 460 26 (2) (376) (246) (138) Cash collateral paid (555) 430 — (0) — (123) Cash flows from financing activities 3,253 (1) Mainly corresponding to changes in accrued interests not yet due. (in millions of euros) December 31, Cash Other changes with no impact December 31, 2017 flows on cash flows 2018 Changes in Foreign the scope of exchange consolidation movement Other TDIRA 1,234 (443) — — 31 822 Bonds 25,703 1,136 5 321 (95) (1) 27,070 Bank loans and from development organizations and multilateral lending institutions 2,961 613 14 20 56 3,664 Finance lease liabilities 571 (123) 2 (1) 135 584 Cash collateral received 21 61 — — — 82 NEU Commercial Paper 1,358 (243) — (0) 1 1,116 Bank overdrafts 193 82 38 5 — 318 Other financial liabilities 434 (153) 135 8 (61) 363 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 32,475 930 194 353 67 34,019 Net derivatives 729 8 — (339) 62 460 Cash collateral paid (695) 140 — — — (555) Cash flows from financing activities 1,078 (1) Mainly corresponding to changes in accrued interests not yet due. |
Schedule of net financial debt by currency | (equivalent value in millions of euros at year-end closing rate) EUR USD GBP PLN EGP JOD MAD Other Total Gross financial debt after derivatives 24,822 4,342 3,331 35 201 139 485 1,875 35,229 Financial assets included in the calculation of net financial debt (10,558) (104) (113) (83) (27) (42) (43) (770) (11,740) Net debt by currency before effect of foreign exchange derivatives (1) 14,263 4,238 3,218 (49) 174 97 442 1,105 23,489 Effect of foreign exchange derivatives 7,858 (4,281) (4,364) 1,289 — — — (502) — Net financial debt by currency after effect of foreign exchange derivatives 22,121 (43) (1,146) 1,240 174 97 442 603 23,489 (1) Including the market value of derivatives in local currency. |
Schedule of difference between nominal amount and sum of equity and debt components | (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Number of securities 44,880 57,981 57,981 Equity component before deferred taxes 152 196 196 Debt component 636 822 822 o/w accrued interests not yet due 3 4 4 Paid interest 14 18 27 |
Schedule of consolidated net income of investment | (in millions of euros) 2019 2018 Impact of 2018 sale — (2) Impact of 2019 sale (119) (93) Dividends received — 44 Effect in the consolidated financial net income of the investment in BT (119) (51) |
Schedule of derivatives | (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Net Net Net Hedging derivatives (311) 324 (162) Cash flow hedge derivatives (311) 328 (160) Fair value hedge derivatives (0) (4) (2) Derivatives held for trading (1) (199) (187) (298) Net derivatives (2) (510) 138 (460) (1) Mainly due to the foreign exchange effects of the economic hedges against the revaluation of subordinated notes denominated in pounds sterling (equity instruments recognized at their historical value - see Note 15.4) for (210) million euros in 2020, (136) million euros in 2019 and (246) million euros in 2018. (2) Of which foreign exchange effects of the cross currency swaps (classified as hedging or held for trading) hedging foreign exchange risk on gross debt notional for 251 million euros in 2020, 822 million euros in 2019 and 512 million euros in 2018. The foreign exchange effects of the cross currency swaps is the difference between the notional converted at the closing rate and its notional converted at the opening rate (or at the trading day spot rate in case of new instrument). |
Bonds, financial liabilities [member] | Telecom activities, operating segment [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of borrowing | Notional Initial nominal Maturity Interest rate (%) Outstanding amount currency amount December 31, December 31, December 31, (in millions of 2020 2019 2018 currency units) Bonds matured before December 31, 2020 — 2,479 6,715 EUR 1,250 January 14, 2021 3.875 1,250 1,250 1,250 GBP (1) 517 June 27, 2021 0.375 575 608 578 USD 1,000 September 14, 2021 4.125 815 890 873 EUR 255 October 13, 2021 10Y CMS + 0.69 255 255 255 EUR 272 December 21, 2021 10Y TEC + 0.50 272 272 272 EUR 650 January 15, 2022 0.500 615 650 — EUR 500 September 16, 2022 3.375 500 500 500 EUR 500 March 1, 2023 2.500 500 500 500 EUR 750 September 11, 2023 0.750 750 750 750 HKD 700 October 6,2023 3.230 74 80 78 HKD 410 December 22, 2023 3.550 43 47 46 EUR 650 January 9, 2024 3.125 650 650 650 EUR 1,250 July 15,2024 1.125 1,250 1,250 — EUR 750 May 12, 2025 1.000 750 750 750 EUR 800 September 12, 2025 1.000 800 800 800 NOK 500 September 17, 2025 3.350 48 51 50 CHF 400 November 24, 2025 0.200 370 369 — GBP 350 December 5, 2025 5.250 292 308 293 MAD (2) 1,090 December 18, 2025 3.97 72 87 100 MAD (2) 720 December 18, 2025 1Y BDT + 1.00 47 57 66 EUR 750 September 4, 2026 0.000 750 750 — EUR 75 November 30, 2026 4.125 75 75 75 MAD (2) 1,002 December 10, 2026 3.4 79 93 — MAD (2) 788 December 10, 2026 1Y BDT + 0.85 62 73 — EUR 750 February 3, 2027 0.875 750 750 750 EUR 750 July 7, 2027 1.250 750 — — XOF 100,000 July 15, 2027 6.500 152 — — EUR 500 September 9, 2027 1.500 500 500 500 EUR 1,000 March 20, 2028 1.375 1,000 1,000 1,000 EUR 50 April 11, 2028 3.220 50 50 50 NOK 800 July 24, 2028 2.955 76 81 80 GBP 500 November 20, 2028 8.125 556 588 559 EUR 1,250 January 15, 2029 2.000 1,250 1,250 — EUR 150 April 11, 2029 3.300 150 150 150 CHF 100 June 22, 2029 0.625 93 92 — EUR 500 September 16, 2029 0.125 500 — — EUR 1,000 January 16, 2030 1.375 1,000 1,000 1,000 EUR 1,200 September 12, 2030 1.875 1,200 1,200 1,200 EUR 105 September 17, 2030 2.600 105 105 105 (1) Exchangeable bonds in BT shares (see below). (2) Bonds issued by Médi Telecom.Bonds bearing 1Y BDT rate corresponds to 52 weeks Moroccan treasury bonds rate (recalculated once a year). Notional Initial nominal Maturity Interest rate (%) Outstanding amount currency amount December 31, December 31, December 31, (in millions of 2020 2019 2018 currency units) EUR 100 November 6, 2030 0.091 (3) 100 100 100 USD 2,500 March 1, 2031 9.000 (4) 2,006 2,191 2,150 EUR 300 May 29, 2031 1.342 300 300 — EUR 50 December 5, 2031 4.300 (zero coupon) 72 69 67 EUR 50 December 8, 2031 4.350 (zero coupon) 73 70 67 EUR 50 January 5, 2032 4.450 (zero coupon) 71 68 65 GBP 750 January 15, 2032 3.250 834 882 — EUR 750 April 7, 2032 1.625 750 — — EUR 1,000 September 4, 2032 0.500 1,000 1,000 — EUR 1,500 January 28, 2033 8.125 1,500 1,500 1,500 EUR 55 September 30, 2033 3.750 55 55 55 GBP 500 January 23, 2034 5.625 556 588 559 HKD 939 June 12, 2034 3.070 99 107 — EUR 300 July 11, 2034 1.200 300 300 — EUR 50 April 16, 2038 3.500 50 50 50 USD 900 January 13, 2042 5.375 733 801 786 USD 850 February 6, 2044 5.500 693 757 742 EUR 750 September 4, 2049 1.375 750 750 — GBP 500 November 22, 2050 5.375 556 588 559 Outstanding amount of bonds 29,524 30,537 26,695 Accrued interest 487 532 527 Amortized cost (163) (176) (152) Total 29,848 30,893 27,070 (3) Bond bearing interests at a fixed rate of 2% until 2017 and then at CMS 10 years x 166% ( -0.45% until November 2021), but the variable rate is floored at 0% and capped at 4% until 2023 and at 5% beyond. (4) Bond with a step-up clause (clause that triggers a change in interest payments of Orange's credit rating from the rating agencies changes, see Note 14.3). |
Bank loans and from development organizations and multilateral lending institutions [member] | Telecom activities, operating segment [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of borrowing | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Sonatel 292 380 343 Orange Mali 227 203 200 Médi Telecom 220 282 335 Orange Côte d’Ivoire 172 237 225 Orange Egypt 163 213 210 Orange Cameroon 111 82 105 Orange Jordanie 61 77 31 Orange Burkina Faso 56 46 — Other 81 104 127 Bank loans 1,384 1,625 1,574 Orange SA (1) 2,288 2,356 2,023 Orange Espagne — 33 67 Loans from development organizations and multilateral lending institutions (2) 2,288 2,389 2,090 Total 3,671 4,013 3,664 (1) In 2020, Orange SA has redeemed at maturity a loan of 400 million euros and has negotiated with the European Investment Bank a new loan of 350 million euros (maturity in 2027). In 2019, Orange SA negotiated a loan of 350 million euros (maturity in 2026) and two loans in 2018 for a total notional of 650 million euros (maturity in 2025). (2) Primarily the European Investment Bank. |
Information on market risk an_2
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [abstract] | |
Schedule of sensitivity analysis of net financial debt | (in millions of currency units) Exposure in currency units (1) Sensitivity analysis EUR USD GBP PLN Total 10% gain in 10% loss in translated euro euro Orange SA — 7 8 15 17 (2) 2 Orange Polska (160) (5) — — (164) 15 (18) Total (euros) (160) 1 9 3 (147) (1) Excluding FX hedge of subordinated notes denominated in pounds sterling. |
Schedule of sensitivity analysis of financial position due to change in foreign currency exchange risk | (in millions of euros) Contribution to consolidated net assets Sensitivity analysis EUR USD GBP PLN EGP JOD MAD Other Total 10% 10% currencies gain in loss in euro euro Net assets excluding net debt (a) (1) 51,679 165 (1,053) 3,195 933 519 948 4,141 60,527 (804) 983 Net debt by currency including derivatives (b) (2) (22,121) 43 1,146 (3) (1,240) (174) (97) (442) (603) (23,489) 124 (152) Net assets by currency (a) + (b) 29,558 209 93 1,955 (4) 758 421 506 3,538 37,038 (680) 831 (1) Excluding net debt by currency do not include components of net financial debt. (2) The net financial debt as defined by Orange group does not include Mobile Financial Services activities for which this concept is not relevant (see Note 13.3). (3) Of which economic hedge of subordinated note denominated in pounds sterling for 988 million pounds sterling (equivalent 1,099 million euros). (4) Share of net assets attributable to owners of the parent company in zlotys amounts to 991 million euros. |
Schedule of sensitivity analysis of financial income statement due to change in foreign currency exchange risk | (in millions of euros) Contribution to consolidated financial income statement Sensitivity analysis EUR USD GBP PLN EGP JOD MAD Other Total 10% gain 10% loss currencies in euro in euro Revenue 31,866 1,105 275 2,559 878 386 585 4,616 42,270 (946) 1,156 EBITDAaL 9,816 54 19 635 317 141 158 1,541 12,680 (260) 318 Operating income 4,257 15 1 91 128 57 18 954 5,521 (115) 140 |
Schedule of undiscounted future cash flows for each financial liability shown on the statement of financial position | (in millions of euros) Note December 31, 2021 2022 2023 2024 2025 2026 and Other 2020 beyond items (1) TDIRA 13.4 636 3 — — — — — 633 Bonds 13.5 29,848 3,701 1,152 1,450 1,984 2,337 19,388 (163) Bank loans and from development organizations and multilateral lending institutions 13.6 3,671 633 324 1,005 260 750 703 (4) Debt relating to financed assets 13.3 295 70 75 75 58 17 — — Cash collateral received 13.3 31 31 — — — — — — NEU commercial papers (2) 13.3 555 555 — — — — — — Bank overdrafts 13.3 154 154 — — — — — — Other financial liabilities 13.3 70 48 3 3 1 1 15 — Derivatives (liabilities) 13.3 804 15 133 99 — 34 39 — Derivatives (assets) 13.3 (294) (155) — (10) (19) (14) (153) — Other Comprehensive Income related to unmatured hedging instruments 13.3 (541) — — — — — — — Gross financial debt after derivatives 35,229 5,054 1,686 2,623 2,283 3,124 19,991 466 Trade payables 11,051 9,760 243 212 87 362 388 — Total financial liabilities (including derivatives assets) 46,280 14,814 (3) 1,929 2,834 2,370 3,486 20,379 466 Future interests on financial liabilities (4) — 1,525 914 851 807 855 5,472 — (1) Undated items: TDIRA notional. Non-cash items: amortized cost on bonds and bank loans, and discounting effect on long term trade payables. (2) Negotiable European Commercial Papers (formerly called "commercial papers"). (3) Amounts presented for 2021 correspond to notional and accrued interests for 502 million euros. (4) Mainly future interests on bonds for 9,712 million euros, on bank loans for 284 million euros and on derivatives instruments for (842) million euros. |
Schedule of credit rating | Standard Moody’s Fitch & Poor’s Ratings Long-term debt BBB+ Baa1 BBB+ Outlook Stable Stable Stable Short-term debt A2 P2 F2 |
Schedule of effect of mechanisms to offset exposure to credit risk and counterparty risk | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Collateralised Derivatives (net) (a) (520) 144 (455) Fair value of collateralised derivatives assets 283 570 383 Fair value of collateralised derivatives liabilities (803) (426) (838) Amount of cash collateral paid/(received) (b) 611 (138) 471 Amount of cash collateral paid 642 123 553 Amount of cash collateral received (31) (261) (82) Residual exposure to counterparty risk (a) + (b) (1) 91 7 16 Non collateralised Derivatives (net) 10 (6) (5) Fair value of non collateralised derivatives assets 11 3 2 Fair value of non collateralised derivatives liabilities (1) (10) (7) (1) The residual exposure to counterparty risk is mainly due to a time difference between the valuation of derivatives at the closing date and the date on which the cash collateral exchanges were made. |
Schedule of sensitivity analysis of cash collateral deposits to change in market rates and exchange rates | (in millions of euros) Rate decrease of 1% Rate increase of 1% Change of fair value of derivatives (1,314) 1,318 Rate decrease of 1% Rate increase of 1% Amount of cash collateral received (paid) 1,314 (1,318) A change in the euro exchange rate of +/-10% (in millions of euros) 10% loss in euro 10% gain in euro Change of fair value of derivatives 1,536 (1,257) 10% loss in euro 10% gain in euro Amount of cash collateral received (paid) (1,536) 1,257 |
Schedule of fair value of financial assets and liabilities | (in millions of euros) December 31, 2020 Note Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 (1) value fair and value cash Trade receivables AC 5,645 5,645 — 5,645 — Financial assets 13.7 4,803 4,803 185 4,372 247 Equity securities FVOCI 431 431 185 — 247 Equity securities FVR 141 141 — 141 — Investments at fair value FVR 3,206 3,206 — 3,206 — Cash collateral paid FVR 642 642 — 642 — Financial assets at amortized cost AC 382 382 — 382 — Cash and Cash equivalents 13.3 7,891 7,891 7,891 — — Cash AC 2,751 2,751 2,751 — — Cash equivalents FVR 5,140 5,140 5,140 — — Trade payables AC (11,051) (11,051) — (11,051) — Financial liabilities 13.3 (35,260) (41,884) (34,708) (7,162) (14) Financial debts AC (35,247) (41,870) (34,708) (7,162) — Other FVR (14) (14) — — (14) Derivatives (net amount) (2) 13.8 (510) (510) — (510) — (1) AC" stands for "amortized cost", "FVR " stands for "fair value through profit or loss", "FVOCI" stands for "fair value through other comprehensive income that will not be reclassified to profit or loss". (2) IFRS 9 classification for derivatives instruments depends on their hedging qualification. December 31, 2018 (in millions of euros) Note Classification Book Estimated Level 1 under IFRS 9 value fair value and cash Level 2 Level 3 Trade receivables AC 5,329 5,329 — 5,329 — Financial assets 13.7 5,057 5,057 692 4,144 221 Equity securities FVOCI 254 254 33 — 221 Equity securities FVR 805 805 659 146 — Investments at fair value FVR 2,683 2,683 — 2,683 — Cash collateral paid FVR 553 553 — 553 — Financial assets at amortized cost AC 762 762 — 762 — Cash and Cash equivalents 13.3 5,081 5,081 5,081 — — Cash AC 2,558 2,558 2,558 — — Cash equivalents FVR 2,523 2,523 2,523 — — Trade payables AC (10,082) (10,082) — (10,082) — Financial liabilities 13.3 (34,019) (37,292) (29,012) (7,988) (292) Financial debts (33,721) (36,994) (29,012) (7,961) (21) Bonds at fair value FVR (27) (27) — (27) — Other FVR (271) (271) — — (271) Derivatives (net amount) 13.8 (460) (460) — (460) — |
Schedule of analysis of change in level 3 market value of financial assets and liabilities | (in millions of euros) Equity securities Financial liabilities at fair value through profit or loss, excluding derivatives Level 3 fair values at December 31, 2019 198 (64) Gains (losses) taken to profit or loss — 50 Gains (losses) taken to other comprehensive income (28) — Acquisition (sale) of securities 80 — Other (2) — Level 3 fair values at December 31, 2020 247 (14) The market value of the net financial debt carried by Orange was estimated at 30.8 billion euros as at December 31, 2019, for a carrying amount of 25.5 billion euros. (in millions of euros) December 31, 2019 Note Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 value fair value and cash Trade receivables AC 5,343 5,343 — 5,343 — Financial assets 13.7 6,001 6,002 79 5,725 198 Equity securities FVOCI 277 277 79 — 198 Equity securities FVR 133 134 — 134 — Investments at fair value FVR 4,696 4,696 — 4,696 — Cash collateral paid FVR 123 123 — 123 — Financial assets at amortized cost AC 772 772 — 772 — Cash and Cash equivalents 13.3 6,112 6,112 6,112 — — Cash AC 2,462 2,462 2,462 — — Cash equivalents FVR 3,651 3,651 3,651 — — Trade payables AC (10,246) (10,246) — (10,246) — Financial liabilities 13.3 (37,076) (42,455) (34,554) (7,837) (64) Financial debts AC (37,007) (42,386) (34,554) (7,811) (21) Bonds at fair value FVR (26) (26) — (26) — Other FVR (43) (43) — — (43) Derivatives (net amount) 13.8 138 138 — 138 — |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Shareholders' equity [abstract] | |
Schedule of dividends paid | Full Year Approved by Description Dividend Payout How Total per share date paid (in millions (in euro) of euros) 2020 Board of Directors Meeting on October 28, 2020 2020 interim dividend 0.40 December 9, 2020 Cash 1,064 Shareholders' Meeting on May 19, 2020 Balance for 2019 0.20 June 4, 2020 Cash 532 Total dividends paid in 2020 1,595 2019 Board of Directors Meeting on July 24, 2019 2019 interim dividend 0.30 December 4, 2019 Cash 796 Shareholders' Meeting on May 21, 2019 Balance for 2018 0.40 June 6, 2019 Cash 1,061 Total dividends paid in 2019 1,857 2018 Board of Directors Meeting on July 25, 2018 2018 interim dividend 0.30 December 6, 2018 Cash 796 Shareholders' Meeting on May 4, 2018 Balance for 2017 0.40 June 7, 2018 Cash 1,064 Total dividends paid in 2018 1,860 2017 Board of Directors Meeting on July 26, 2017 2017 interim dividend 0.25 December 7, 2017 Cash 665 Shareholders' Meeting on June 1, 2017 Balance for 2016 0.40 June 14, 2017 Cash 1,064 Total dividends paid in 2017 1,729 |
Schedule of issues and purchases of subordinated notes | Issue Issue Initial nominal value Initial nominal value Initial curren- December 31, 2018 Redemp- December 31, 2019 Redemp- December 31, 2020 Residual nominal value Initial issue date (in millions of currency) (in millions of euros) cy Rate (in millions of euros) tion (in millions of euros) tion (in millions of euros) (in millions of currency) 2/7/2014 1,000 1,000 EUR 4.25 % 1,000 (1,000) — — — — 2/7/2014 1,000 1,000 EUR 5.25 % 1,000 — 1,000 — 1,000 1,000 2/7/2014 650 782 GBP 5.875 % 782 — 782 (268) 514 427 10/1/2014 1,000 1,000 EUR 4.00 % 1,000 (500) 500 (382) 118 118 10/1/2014 1,250 1,250 EUR 5.00 % 1,250 — 1,250 — 1,250 1,250 10/1/2014 600 771 GBP 5.75 % 771 — 771 (50) 721 561 4/15/2019 1,000 1,000 EUR 2.375 % — 1,000 1,000 — 1,000 1,000 9/19/2019 500 500 EUR 1.75 % — 500 500 — 500 500 10/15/2020 700 700 EUR 1.75 % — — — 700 700 700 Issues and purchases of subordinated notes 5,803 5,803 5,803 |
Schedule of remuneration of subordinated notes | 2020 2019 2018 Initial nominal value Initial nominal value Initial Initial issue date (in millions of currency) (in millions of euros) currency Rate (in millions of currency) (in millions of euros) (in millions of currency) (in millions of euros) (in millions of currency) (in millions of euros) 2/7/2014 1,000 1,000 EUR 4.25 % (21) (21) (46) (46) (42) (42) 2/7/2014 1,000 1,000 EUR 5.25 % (53) (53) (52) (52) (52) (52) 2/7/2014 650 782 GBP 5.88 % (47) (55) (38) (44) (38) (44) 10/1/2014 1,000 1,000 EUR 4.00 % (21) (21) (31) (31) (40) (40) 10/1/2014 1,250 1,250 EUR 5.00 % (63) (63) (63) (63) (63) (63) 10/1/2014 600 771 GBP 5.75 % (36) (39) (35) (39) (35) (39) 4/15/2019 1,000 1,000 EUR 2.38 % (24) (24) — — — — 9/19/2019 500 500 EUR 1.75 % (4) (4) — — — — 10/15/2020 700 700 EUR 1.75 % — — — — — — Subordinated notes remuneration paid (279) (276) (280) Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 21 (21) - Subordinated notes remuneration classified in equity (258) (297) (280) |
Schedule of payments received by note holders | 2020 2019 2018 Initial nominal value Initial nominal value Initial Initial issue date (in millions of currency) (in millions of euros) currency Rate (in millions of currency) (in millions of euros) (in millions of currency) (in millions of euros) (in millions of currency) (in millions of euros) 2/7/2014 1,000 1,000 EUR 4.25 % (21) (21) (46) (46) (42) (42) 2/7/2014 1,000 1,000 EUR 5.25 % (53) (53) (52) (52) (52) (52) 2/7/2014 650 782 GBP 5.88 % (47) (55) (38) (44) (38) (44) 10/1/2014 1,000 1,000 EUR 4.00 % (21) (21) (31) (31) (40) (40) 10/1/2014 1,250 1,250 EUR 5.00 % (63) (63) (63) (63) (63) (63) 10/1/2014 600 771 GBP 5.75 % (36) (39) (35) (39) (35) (39) 4/15/2019 1,000 1,000 EUR 2.38 % (24) (24) — — — — 9/19/2019 500 500 EUR 1.75 % (4) (4) — — — — 10/15/2020 700 700 EUR 1.75 % — — — — — — Subordinated notes remuneration paid (279) (276) (280) Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 21 (21) - Subordinated notes remuneration classified in equity (258) (297) (280) |
Schedule of translation adjustment | (in millions of euros) 2020 2019 2018 Gain (loss) recognized in other comprehensive income during the period (414) 90 (6) Reclassification to net income for the period 0 (12) (1) Total translation adjustments (414) 78 (7) (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Polish zloty 668 807 785 Egyptian pound (503) (455) (532) Slovak koruna 220 220 220 Leone (143) (120) (95) Other (327) (123) (126) Total translation adjustments (85) 329 252 o/w share attributable to the owners of the parent company (256) 78 15 o/w share attributable to non-controlling interests 171 251 237 |
Schedule of non-controlling interests | (in millions of euros) 2020 2019 (1) 2018 Credit part of net income attributable to non-controlling interests (a) 297 290 271 o/ w Sonatel 197 191 188 o/ w Orange Belgium 26 16 15 o/ w Côte d'Ivoire 43 36 25 o/ w Jordan Telecom 11 12 12 o/ w Orange Polska — 11 — Debit part of net income attributable to non-controlling interests (b) (63) (71) (67) o/ w Orange Bank (51) (65) (59) o/ w Orange Polska (3) — (2) Total part of net income attributable to non-controlling interests (a) + (b) 233 218 204 Credit part of comprehensive income attributable to non-controlling interests (a) 256 299 297 o/ w Sonatel 176 181 195 o/ w Orange Belgium 25 16 15 o/ w Côte d’Ivoire 39 36 26 o/ w Jordan Telecom — 15 20 o/ w Orange Polska — 12 — Debit part of comprehensive income attributable to non-controlling interests (b) (98) (69) (84) o/ w Orange Bank (50) (62) (62) o/ w Orange Polska (35) — (17) o/ w Jordan Telecom (3) — — Total part of comprehensive income attributable to non-controlling interests (a) + (b) 158 230 213 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). (in millions of euros) 2020 2019 2018 Dividends paid to minority shareholders 225 248 246 o/ w Sonatel 165 192 190 o/ w Médi Telecom 24 22 20 o/ w Orange Belgium 14 14 14 o/ w Jordan Telecom 9 13 14 (in millions of euros) December 31, December 31, December 31, 2020 2019 (1) 2018 Credit part of equity attributable to non-controlling interests (a) 2,653 2,700 2,594 o/ w Orange Polska 953 986 973 o/ w Sonatel 755 736 744 o/ w Orange Belgium 285 275 273 o/ w Jordan Telecom 154 166 164 o/ w Médi Telecom 127 148 153 Debit part of equity attributable to non-controlling interests (b) (10) (13) (14) Total equity attributable to non-controlling interests (a) + (b) 2,643 2,687 2,580 (1) 2019 figures have been restated of the IFRS IC decision on lease term (see Note 2.3.1). |
Schedule of earnings per share | (in millions of euros) 2020 2019 2018 Net income - basic 4,822 3,004 1,954 Effect of subordinated notes (255) (268) (293) Net income attributable to the owners of the parent company - basic (adjusted) 4,567 2,736 1,661 Impact of dilutive instruments: TDIRA 9 12 — Net income attributable to the owners of the parent company - diluted 4,577 2,747 1,661 Number of shares The weighted average number of shares used for calculating the basic and diluted earnings per share is presented below: (number of shares) 2020 2019 2018 Weighted average number of ordinary shares outstanding 2,656,122,534 2,652,532,564 2,656,683,856 Impact of dilutive instruments on number of ordinary shares: TDIRA 26,945,386 33,780,544 — Free share award plan (LTIP) 720,936 1,662,103 1,419,415 Weighted average number of shares outstanding - diluted 2,683,788,856 2,687,975,211 2,658,103,271 The average market price of the Orange share in 2020 was higher than the fair value adopted under the LTIP 2019-2021 and 2020-2022 free share award plans (see Note 7.3). The number of shares corresponding to this difference is dilutive at December 31, 2020. The average market price of the Orange share in 2019 and 2018 was higher than the fair value adopted under the Orange Vision 2020, LTIP 2018-2020 and 2019-2021 free share award plans (see Note 7.3). The number of shares corresponding to this difference was dilutive at December 31, 2019 and December 31, 2018. The TDIRAs were included in the calculation of diluted net earnings per share at December 31, 2020 and December 31, 2019, since they are dilutive. Earnings per share (in euros) 2020 2019 2018 Earning per share - basic 1.72 1.03 0.63 Earning per share diluted 1.71 1.02 0.62 |
Unrecognized contractual comm_2
Unrecognized contractual commitments (excluding Orange Bank) (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of unrecognized contractual commitments [line items] | |
Schedule of operating leases and maturities | (in millions of euros) Minimum future lease payments Property lease commitments 459 o/w technical activities 21 o/w shops/offices activities 438 Maturities are set forth below: (in millions of euros) Minimum Less than 1-2 2-3 3-4 4-5 More than future one year years years years years five years lease payments Property lease commitments 459 52 47 44 43 41 232 |
Telecom activities, operating segment [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Schedule of commitments relating to operating activities | (in millions of euros) Total Less than From one More than one year to five years five years Operating activities commitments 13,720 4,007 4,695 5,018 Operating leases commitments 489 66 191 233 Handsets purchase commitments 568 557 9 2 Transmission capacity purchase commitments 1,767 202 522 1,043 Other goods and services purchase commitments 3,240 928 1,428 884 Investment commitments 1,739 498 820 422 Public initiative networks commitments 4,423 1,160 1,424 1,839 Guarantees granted to third parties in the ordinary course of business 1,493 596 302 595 |
Schedule of assets covered by commitments | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Assets held under finance leases 716 636 574 Non-current pledged, mortgaged or receivership assets (1) 20 366 453 Collateralized current assets 2 2 21 Total 739 1,004 1,048 (1) Non-current pledged, mortgaged or receivership assets are shown excluding cash collateral deposits, which are presented in Note 13.7. Non-current pledged or mortgaged assets comprise the following assets given as guarantees: December 31, 2020 Total in statement of Amount of asset pledged, Percentage (in millions of euros) financial position (a) mortgaged or receivership (b) (b)/(a) Intangibles assets, net (excluding goodwill) 15,042 18 0 % Property, plant and equipment, net 29,069 1 0 % Non-current financial assets 1,516 — — Other (1) 35,627 — — Total 81,255 20 0 % (1) This item mainly includes net goodwill, interests in associates, net deferred tax assets, non-current derivatives assets and rights of use. |
Mobile Financial Services act_2
Mobile Financial Services activities (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of financial assets and liabilities | (in millions of euros) Orange O/w telecom Note O/w Mobile Note O/w eliminations consolidated activities Financial telecom financial Services activities / mobile statements financial services Non-current financial assets related to Mobile Financial Services activities 1,210 — 1,210 17.1.1 — Non-current financial assets 1,516 1,544 13.7 — (27) (1) Non-current derivatives assets 132 132 13.8 — 17.1.3 — Current financial assets related to Mobile Financial Services activities 2,075 — 2,077 17.1.1 (2) Current financial assets 3,259 3,259 13.7 — — Current derivatives assets 162 162 13.8 — 17.1.3 — Cash and cash equivalents 8,145 7,891 14.3 254 — Non-current financial liabilities related to Mobile Financial Services activities — — 27 17.1.2 (27) (1) Non-current financial liabilities 30,089 30,089 13.3 — — Non-current derivatives liabilities 844 769 13.8 75 17.1.3 — Current financial liabilities related to Mobile Financial Services activities 3,128 — 3,128 17.1.2 — Current financial liabilities 5,170 5,172 13.3 — (2) Current derivatives liabilities 35 35 13.8 — 17.1.3 — (1) Loan granted by Orange SA to Orange Bank. |
Schedule of financial assets related to banking activities | (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Non-current Current Total Total Total Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss 2 — 2 2 1 Investments securities 2 — 2 2 1 Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss 538 3 540 656 925 Debt securities 538 3 540 656 925 Financial assets at fair value through profit or loss 94 — 94 179 152 Investments at fair value — — — 79 72 Cash collateral paid 74 — 74 76 57 Other 20 — 20 25 23 Financial assets at amortized cost 577 2,074 2,651 3,519 3,614 Fixed-income securities 577 2 579 506 614 Loans and receivables to customers — 2,000 2,000 1,937 2,000 Loans and receivables to credit institutions — 70 70 1,073 1,000 Other — 2 2 3 — Total financial assets related to Orange Bank activities 1,210 2,077 3,288 4,357 4,692 |
Schedule of debt securities measured at fair value through other comprehensive income that may be reclassified to profit or loss | (in millions of euros) 2020 2019 2018 Debt securities measured at fair value through other comprehensive income that may be reclassified to profit or loss - in the opening balance 656 925 786 Acquisitions 386 165 487 Repayments and disposals (500) (442) (333) Changes in fair value 1 9 (8) Other items (3) (1) (7) Debt securities measured at fair value through other comprehensive income that may be reclassified to profit or loss - in the closing balance 540 656 925 (in millions of euros) 2020 2019 2018 Profit (loss) recognized in other comprehensive income during the period 1 8 (8) Reclassification in net income during the period 0 1 — Other comprehensive income related to Orange Bank 1 9 (8) |
Schedule of assets available for sale | (in millions of euros) 2020 2019 2018 Profit (loss) recognized in other comprehensive income during the period 1 8 (8) Reclassification in net income during the period 0 1 — Other comprehensive income related to Orange Bank 1 9 (8) |
Schedule of loans and advances | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Overdrafts 802 869 910 Housing loans 869 876 824 Investment loans 129 163 206 Installment receivables (1) 183 — — Current accounts 10 17 21 Other 7 12 39 Total loans and receivables to customers 2,000 (2) 1,937 2,000 Overnight deposits and loans — 945 850 Loans and receivables 52 85 85 Other 18 43 65 Total loans and receivables to credit institutions 70 1,073 1,000 (1) Purchase of Orange Spain receivables. (2) At December 31, 2020, Orange Bank is engaged in a self-subscribed securitization program of a portfolio of French personal loans for approximately 600 million euros. |
Schedule of financial liabilities relating to banking activities | (in millions of euros) December 31, 2020 December 31, 2019 December 31,2018 Payables to customers 1,883 (1) 3,357 3,396 Debts with financial institutions 885 448 1,103 Deposit certificate 358 475 335 Other 30 28 28 Total Financial liabilities related to Orange Bank activities (2) 3,155 4,307 4,862 (1) The decrease on payables to customers is mainly due to the discontinuation of Groupama group companies' account-holding activities. (2) Including 28 million euros of non-current financial liabilities in 2020, 2019 and 2018. |
Schedule of debts related to banking activities | (in millions of euros) December 31, December 31, December 31, 2020 2019 2018 Current accounts 949 2,546 2,538 Passbooks and special savings accounts 908 781 776 Other 26 30 82 Total payables to customers 1,883 3,357 3,396 Term borrowings and advances 615 448 467 Securities delivered under repurchase agreements 270 — 636 Total debts with financial institutions 885 448 1,103 |
Schedule of remaining term to maturity of financial assets and liabilities | (in millions of euros) Note December 31, 2021 2022 to 2026 2020 2025 and beyond Investments securities 17.1.1 2 — 2 — Debt securities 17.1.1 540 161 359 20 Investments at fair value 17.1.1 — — — — Fixed-income securities 17.1.1 579 183 232 165 Loans and receivables to customers 17.1.1 2,000 306 1,006 688 Loans and receivables to credit institutions 17.1.1 70 70 — — Other financial assets and derivatives 96 76 3 17 Total financial assets 3,288 796 1,602 890 Payable to customers 17.1.2 1,883 1,883 — — Debts with financial institutions 17.1.2 885 278 606 — Deposit certificate 17.1.2 358 190 168 — Other financial liabilities and derivatives 105 1 52 52 Total financial liabilities 3,230 2,352 826 52 |
Schedule of the fair value of financial assets and liabilities | (in millions of euros) December 31, 2020 Classification Book value Estimated Level 1 and Level 2 Level 3 under IFRS fair value cash 9 (1) Loans and receivables 17.1.1 AC 2,070 2,070 — 2,070 — Financial assets at amortized cost 17.1.1 AC 581 580 580 — — Financial assets at fair value through profit or loss 17.1.1 FVR 94 94 94 — — Debt securities 17.1.1 FVOCIR 540 540 540 — — Investments securities 17.1.1 FVOCI 2 2 2 — — Cash and cash equivalent (2) 17.1 AC 254 254 254 — — Financial liabilities related to Orange Bank activities 17.1.2 AC (3,155) (3,155) — (3,155) — Derivatives (net amount) (3) 17.1.3 (75) (75) — (75) — (1) "AC" stands for "amortized cost", "FVR " stands for "fair value through profit or loss", "FVOCI" stands for "fair value through other comprehensive income that will not be reclassified to profit or loss", "FVOCIR" stands for "fair value through other comprehensive income that may be reclassified to profit or loss". (2) Includes only cash. (3) The classification for derivatives instruments depends on their hedging qualification. (in millions of euros) December 31, 2019 Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 (1) value fair value and cash Loans and receivables 17.1.1 AC 3,010 3,010 — 3,010 — Financial assets at amortized cost 17.1.1 AC 509 501 501 — — Financial assets at fair value through profit or loss 17.1.1 FVR 179 179 179 — — Debt securities 17.1.1 FVOCIR 656 656 628 28 — Investments securities 17.1.1 FVOCI 2 2 2 — — Cash and cash equivalent (2) AC 369 369 369 — — Financial liabilities related to Orange Bank activities 17.1.2 AC (4,307) (4,307) — (4,307) — Derivatives (net amount) (3) (74) (74) — (74) — (2) "AC" stands for "amortized cost", "FVR " stands for "fair value through profit or loss", "FVOCI" stands for "fair value through other comprehensive income that will not be reclassified to profit or loss", "FVOCIR" stands for "fair value through other comprehensive income that may be reclassified to profit or loss". (3) Includes only cash. (4) The classification for derivatives instruments depends on their hedging qualification. (in millions of euros) December 31, 2018 Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 (1) value fair value and cash Loans and receivables 17.1.1 AC 3,000 3,000 — 3,000 — Financial assets at amortized cost 17.1.1 AC 614 641 605 36 — Financial assets at fair value through profit or loss 17.1.1 FVR 152 152 152 — — Debt securities 17.1.1 FVOCIR 925 925 862 63 — Investments securities 17.1.1 FVOCI 1 1 1 — — Cash and cash equivalent (2) AC 553 553 553 — — Financial liabilities related to Orange Bank activities 17.1.2 AC (4,862) (4,862) — (4,862) — Derivatives (net amount) (3) (46) (46) — (29) (17) (1) "AC" stands for "amortized cost", "FVR " stands for "fair value through profit or loss", "FVOCI" stands for "fair value through other comprehensive income that will not be reclassified to profit or loss", "FVOCIR" stands for "fair value through other comprehensive income that may be reclassified to profit or loss". (2) Includes only cash. (3) The classification for derivatives instruments depends on their hedging qualification. |
Orange Bank, operating segment [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of commitments relating to operating activities | Commitments given (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Financing commitments (1) 87 421 444 Guarantee commitments 8 8 12 On behalf of financial institutions 4 4 8 On behalf of customers 3 4 4 Property lease commitments — 23 37 Total 94 452 493 (1) Corresponds to credit commitments granted to customers, credits granted but not yet released and unused portion of financing granted. As at December 31, 2019, these commitments also included a financing commitment for Groupama of 320 million euros, a commitment which ended in 2020 due to the discontinuation of the account-keeping activity that Orange Bank provided with entities of the Groupama group. Commitments received (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Received from financial institutions (1) 770 747 681 Received from customers 102 149 153 Total 872 896 834 (1) Corresponds to guarantees received from Crédit Logement to counter-guarantee the mortgages distributed. |
Schedule of assets covered by commitments | (in millions of euros) December 31, 2020 December 31, 2019 December 31, 2018 Assets pledged as security to lending financial institutions as guarantees for bank loans 1,160 1,126 715 Total 1,160 1,126 715 |
Main consolidated entities (Tab
Main consolidated entities (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of subsidiaries [abstract] | |
Schedule of principal operating entities based on contributions to revenue and EBITDAaL | Company Country Orange SA Parent company France Main consolidated entities France % Interest Country Orange SA – Business Unit France 100.00 France Orange Caraïbe 100.00 France Générale de Téléphone 100.00 France Alliance Très Haut Débit 100.00 France Auvergne Très Haut Débit 100.00 France Gironde Très Haut Débit 100.00 France Europe % Interest Country Orange Belgium 52.91 Belgium Orange Communications Luxembourg 52.91 Luxembourg Orange Spain and its subsidiaries 100.00 Spain Orange Moldova 94.41 Moldova Orange Polska and its subsidiaries 50.67 Poland Orange Romania 99.20 Romania Orange Slovensko 100.00 Slovakia Africa & Middle-East % Interest Country Orange Burkina Faso 85.80 Burkina Faso Orange Cameroon 94.40 Cameroon Orange RDC 100.00 Congo Orange Côte d'Ivoire 72.50 Côte d'Ivoire Orange Egypt for Telecommunications and its subsidiaries 99.96 Egypt Orange Guinée (1) 37.64 Guinea Orange Bissau (1) 38.04 Guinea-Bissau Jordan Telecom and its subsidiaries 51.00 Jordan Orange Mali (1) 29.37 Mali Médi Telecom (2) 49.00 Morocco Sonatel (1) 42.33 Senegal Enterprise % Interest Country Orange SA – Business Unit Enterprise 100.00 France Globecast Holding and its subsidiaries 100.00 France Orange Business Services SA and its subsidiaries 100.00 France Business & Decision and its subsidiaries 100.00 France Basefarm and its subsidiaries 100.00 Norway Orange Business Services Participations and its subsidiaries 100.00 United Kingdom SecureData and its subsidiaries 100.00 United Kingdom SecureLink and its subsidiaries 100.00 Netherlands International Carriers & Shared Services % Interest Country Orange SA - Business Unit IC&SS 100.00 France FT IMMO H 100.00 France Orange Marine 100.00 France Orange Studio 100.00 France OCS 66.67 France Orange Brand Services 100.00 United Kingdom Mobile Financial Services % Interest Country Orange Bank 75.86 France (1) Orange SA controls Sonatel and its subsidiaries, which are fully consolidated, under the terms of the shareholders' agreement as supplemented by the Strategic Committee Charter dated July 13, 2005 (Orange SA owns and controls 100% of Orange MEA, which owns and controls 42.33% of Sonatel Group). (2) Orange SA controls Medi Telecom and its subsidiaries, following the acquisition in December 2010 of 40% and the acquisition in July 2015 of additional interests for 9% and 1.1% of usufruct (Orange SA owns and controls 100% of Orange MEA, which owns and controls, via its subsidiary Atlas Country Support, 49% of Medi Telecom). |
Auditors' fees (Tables)
Auditors' fees (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Auditors' fees | |
Schedule of amount of fees of the auditors of the parent company and their partner firms included in the consolidated income statement | (in millions of euros) Audit and related services Other services Total Statutory audit fees, certification, Services required Sub-total rendered by auditing of the accounts by the law auditors' networks to o/w issuer o/w issuer fully-consolidated EY subsidiaries 2020 10.0 5.2 0.0 0.0 10.1 0.4 10.5 % 96 % 50 % 0 % 0 % 93 % 4 % 100 % 2019 10.2 5.1 0.3 — 10.5 0.4 10.8 % 94 % 48 % 3 % 0 % 97 % 3 % 100 % 2018 10.6 5.4 0.3 — 10.8 0.4 11.3 % 94 % 48 % 2 % 0 % 96 % 4 % 100 % KPMG 2020 10.2 5.1 0.5 0.2 10.7 0.1 10.8 % 94 % 47 % 5 % 2 % 99 % 1 % 100 % 2019 9.8 5.1 0.4 0.2 10.2 0.1 10.3 % 95 % 49 % 4 % 2 % 99 % 1 % 100 % 2018 10.9 6.3 0.5 0.3 11.4 0.1 11.5 % 95 % 55 % 4 % 2 % 99 % 1 % 100 % |
Segment information - Segment r
Segment information - Segment revenues - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | € 42,270 | € 42,238 | € 41,381 |
External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 42,270 | 42,238 | 41,381 |
Convergence services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,276 | 7,111 | 7,068 |
Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 10,317 | 10,544 | 10,272 |
Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 9,277 | 9,508 | 9,604 |
IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,252 | 3,004 | 2,349 |
Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 8,255 | 7,933 | 7,931 |
Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,821 | 3,146 | 3,245 |
Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,072 | 991 | 912 |
Telecom activities and Mobile Financial Services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 42,270 | 42,238 | 41,381 |
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 42,277 | 42,242 | 41,384 |
Inter-operating segments | 7 | 4 | 3 |
Telecom activities, operating segment [member] | Operating segments [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 42,270 | 42,238 | 41,381 |
Telecom activities, operating segment [member] | Operating segments [member] | Convergence services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,276 | 7,111 | 7,068 |
Telecom activities, operating segment [member] | Operating segments [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 10,317 | 10,545 | 10,272 |
Telecom activities, operating segment [member] | Operating segments [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 9,278 | 9,509 | 9,604 |
Telecom activities, operating segment [member] | Operating segments [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,256 | 3,006 | 2,351 |
Telecom activities, operating segment [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 8,255 | 7,933 | 7,931 |
Telecom activities, operating segment [member] | Operating segments [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,821 | 3,146 | 3,245 |
Telecom activities, operating segment [member] | Operating segments [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,073 | 992 | 913 |
France, operating segment [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 18,461 | 18,154 | 18,211 |
Inter-operating segments | 667 | 662 | 596 |
France, operating segment [member] | Operating segments [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 17,794 | 17,492 | 17,615 |
France, operating segment [member] | Operating segments [member] | Convergence services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 4,559 | 4,397 | 4,458 |
France, operating segment [member] | Operating segments [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,245 | 2,324 | 2,348 |
France, operating segment [member] | Operating segments [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,959 | 4,086 | 4,168 |
France, operating segment [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 5,866 | 5,487 | 5,342 |
France, operating segment [member] | Operating segments [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,187 | 1,351 | 1,410 |
France, operating segment [member] | Operating segments [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 644 | 509 | 485 |
Europe (excluding France), operating segment [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 10,580 | 11,051 | 11,023 |
Inter-operating segments | 113 | 126 | 123 |
Europe (excluding France), operating segment [member] | Operating segments [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 10,467 | 10,925 | 10,900 |
Europe (excluding France), operating segment [member] | Operating segments [member] | Convergence services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,717 | 2,714 | 2,610 |
Europe (excluding France), operating segment [member] | Operating segments [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,038 | 3,304 | 3,409 |
Europe (excluding France), operating segment [member] | Operating segments [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,083 | 1,145 | 1,193 |
Europe (excluding France), operating segment [member] | Operating segments [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 310 | 239 | 159 |
Europe (excluding France), operating segment [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,924 | 1,959 | 1,947 |
Europe (excluding France), operating segment [member] | Operating segments [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,375 | 1,518 | 1,552 |
Europe (excluding France), operating segment [member] | Operating segments [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 134 | 173 | 153 |
Spain, operating segment [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 4,951 | 5,280 | 5,349 |
Inter-operating segments | 43 | 50 | 50 |
Spain, operating segment [member] | Operating segments [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 4,908 | 5,230 | 5,299 |
Spain, operating segment [member] | Operating segments [member] | Convergence services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,984 | 2,092 | 2,143 |
Spain, operating segment [member] | Operating segments [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,012 | 1,161 | 1,215 |
Spain, operating segment [member] | Operating segments [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 471 | 501 | 496 |
Spain, operating segment [member] | Operating segments [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 8 | 6 | 1 |
Spain, operating segment [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 916 | 901 | 810 |
Spain, operating segment [member] | Operating segments [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 547 | 620 | 684 |
Spain, operating segment [member] | Operating segments [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 12 | 0 | |
Other European countries, operating segment [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 5,638 | 5,783 | 5,687 |
Inter-operating segments | 79 | 88 | 86 |
Other European countries, operating segment [member] | Operating segments [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 5,559 | 5,695 | 5,601 |
Other European countries, operating segment [member] | Operating segments [member] | Convergence services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 733 | 623 | 467 |
Other European countries, operating segment [member] | Operating segments [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,026 | 2,143 | 2,194 |
Other European countries, operating segment [member] | Operating segments [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 611 | 644 | 697 |
Other European countries, operating segment [member] | Operating segments [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 301 | 232 | 158 |
Other European countries, operating segment [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,017 | 1,071 | 1,150 |
Other European countries, operating segment [member] | Operating segments [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 828 | 898 | 868 |
Other European countries, operating segment [member] | Operating segments [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 122 | 173 | 153 |
Europe, operating segment eliminations [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (9) | (12) | (13) |
Inter-operating segments | (9) | (12) | (13) |
Europe, operating segment eliminations [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (9) | (12) | (13) |
Africa and Middle-East, operating segment [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 5,834 | 5,646 | 5,190 |
Inter-operating segments | 175 | 216 | 210 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 5,660 | 5,430 | 4,980 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 4,420 | 4,230 | 3,809 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 562 | 493 | 435 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 25 | 14 | 21 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 695 | 780 | 811 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 89 | 96 | 85 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 43 | 32 | 29 |
Enterprise, operating segment [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,807 | 7,820 | 7,292 |
Inter-operating segments | 402 | 383 | 378 |
Enterprise, operating segment [member] | Operating segments [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,405 | 7,437 | 6,914 |
Enterprise, operating segment [member] | Operating segments [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 649 | 727 | 743 |
Enterprise, operating segment [member] | Operating segments [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,851 | 3,963 | 3,997 |
Enterprise, operating segment [member] | Operating segments [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,086 | 2,909 | 2,312 |
Enterprise, operating segment [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 45 | 34 | 35 |
Enterprise, operating segment [member] | Operating segments [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 175 | 187 | 205 |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,450 | 1,498 | 1,534 |
Inter-operating segments | 506 | 543 | 562 |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 944 | 955 | 972 |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,038 | 1,077 | 1,150 |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 412 | 421 | 384 |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (1,855) | (1,926) | (1,866) |
Inter-operating segments | (1,855) | (1,926) | (1,866) |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (35) | (40) | (37) |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (177) | (178) | (189) |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (164) | (155) | (141) |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (1,313) | (1,404) | (1,354) |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (5) | (6) | (7) |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (160) | (142) | (138) |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Operating segments [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (7) | (4) | (3) |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (7) | (4) | (3) |
Inter-operating segments | (7) | (4) | (3) |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | Mobile services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 0 | 0 | |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | Fixed services only [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 0 | 0 | |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (4) | (3) | (2) |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 0 | 0 | |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | € (2) | € (1) | € (1) |
Segment information - Segment_2
Segment information - Segment revenues - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of operating segments [line items] | |||
Revenue | € 42,270 | € 42,238 | € 41,381 |
Operating segments [member] | Fixed only broadband [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 2,748 | 2,699 | 2,565 |
Operating segments [member] | Fixed only narrowband [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,212 | 1,387 | 1,603 |
Operating segments [member] | Voice services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,237 | 1,289 | 1,385 |
Operating segments [member] | Data services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 2,614 | 2,674 | 2,612 |
Operating segments [member] | Enterprise, operating segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 7,807 | 7,820 | 7,292 |
Operating segments [member] | Enterprise, operating segment [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Revenue | 5,071 | 5,233 | 5,207 |
Operating segments [member] | Enterprise, operating segment [member] | SPAIN | |||
Disclosure of operating segments [line items] | |||
Revenue | 13 | 21 | 21 |
Operating segments [member] | Enterprise, operating segment [member] | Europe, excluding France and Spain [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,287 | 1,077 | 665 |
Operating segments [member] | Enterprise, operating segment [member] | Countries other than Europe [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,436 | 1,489 | 1,399 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,450 | 1,498 | 1,534 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Revenue | € 1,305 | € 1,374 | € 1,412 |
Segment information - Segment_3
Segment information - Segment revenue to consolidated net income - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of operating segments [line items] | |||
Revenue | € 42,270 | € 42,238 | € 41,381 |
External purchases | (17,691) | (17,860) | (18,563) |
Other operating income | 604 | 720 | 580 |
Other operating expenses | (789) | (599) | (505) |
Labor expenses | (8,490) | (8,494) | (9,074) |
Operating taxes and levies | (1,924) | (1,827) | (1,840) |
Gains (losses) on disposal of fixed assets, investments and activities | 228 | 277 | 197 |
Restructuring costs | (25) | (132) | (189) |
Restructuring costs | (199) | ||
Depreciation and amortization of financed assets | (55) | (14) | |
Depreciation and amortization of right-of-use assets | (1,384) | (1,274) | |
Impairment of right-of-use assets | (57) | (33) | |
Depreciation and amortization of fixed assets | (7,134) | (7,110) | (7,047) |
Reclassification of translation adjustment from liquidated entities | 12 | 1 | |
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | (30) | 73 | (49) |
Share of profits (losses) of associates and joint ventures | (2) | 8 | 3 |
Operating income | 5,521 | 5,930 | 4,829 |
Cost of gross financial debt except financed assets | (1,099) | (1,108) | (1,341) |
Interests on debts related to financed assets | (1) | (1) | |
Gains (losses) on assets contributing to net financial debt | (1) | 5 | 9 |
Foreign exchange gain (loss) | (103) | 76 | (4) |
Interests on lease liabilities | (120) | (129) | |
Other net financial expenses | 11 | 15 | 25 |
Effects resulting from BT sale | (119) | (51) | |
Finance costs, net | (1,314) | (1,261) | (1,362) |
Income tax | 848 | (1,447) | (1,309) |
Consolidated net income | 5,055 | 3,222 | 2,158 |
Presentation adjustments [member] | |||
Disclosure of operating segments [line items] | |||
External purchases | (6) | ||
Other operating expenses | (229) | (72) | (9) |
Labor expenses | (25) | (24) | (806) |
Operating taxes and levies | (31) | ||
Gains (losses) on disposal of fixed assets, investments and activities | 228 | 277 | 17 |
Restructuring costs | (25) | (132) | |
Restructuring costs | (199) | ||
Impairment of right-of-use assets | (57) | (33) | |
Interests on debts related to financed assets | 1 | 1 | |
Interests on lease liabilities | 120 | 129 | |
EBITDAaL | 6 | 144 | |
Significant litigations | 211 | 49 | |
Specific labour expenses | 12 | 23 | |
Fixed assets, investments and businesses portfolio review | (228) | (277) | |
Restructuring programs costs | 83 | 165 | |
Acquisition and integration costs | 37 | 24 | |
Elimination of interests on debts related to financed assets | (1) | (1) | |
Elimination of interests on lease liabilities | (120) | (129) | |
Telecom activities and Mobile Financial Services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 42,270 | 42,238 | 41,381 |
External purchases | (17,684) | (17,860) | (18,563) |
Other operating income | 604 | 720 | 580 |
Other operating expenses | (560) | (527) | (496) |
Labor expenses | (8,465) | (8,470) | (8,268) |
Operating taxes and levies | (1,924) | (1,827) | (1,809) |
Gains (losses) on disposal of fixed assets, investments and activities | 180 | ||
Depreciation and amortization of financed assets | (55) | (14) | |
Depreciation and amortization of right-of-use assets | (1,384) | (1,274) | |
Interests on debts related to financed assets | (1) | (1) | |
Interests on lease liabilities | (120) | (129) | |
EBITDAaL | 12,680 | 12,856 | |
Significant litigations | (211) | (49) | |
Specific labour expenses | (12) | (23) | |
Fixed assets, investments and businesses portfolio review | 228 | 277 | |
Restructuring programs costs | (83) | (165) | |
Acquisition and integration costs | (37) | (24) | |
Depreciation and amortization of fixed assets | (7,134) | (7,110) | (7,047) |
Reclassification of translation adjustment from liquidated entities | 12 | 1 | |
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | (30) | 73 | (49) |
Share of profits (losses) of associates and joint ventures | (2) | 8 | 3 |
Elimination of interests on debts related to financed assets | 1 | 1 | |
Elimination of interests on lease liabilities | 120 | 129 | |
Operating income | 5,521 | 5,930 | 4,829 |
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 42,277 | 42,242 | 41,384 |
External purchases | (17,582) | (17,769) | (18,479) |
Other operating income | 539 | 694 | 556 |
Other operating expenses | (524) | (515) | (484) |
Labor expenses | (8,390) | (8,397) | (8,198) |
Operating taxes and levies | (1,923) | (1,827) | (1,808) |
Gains (losses) on disposal of fixed assets, investments and activities | 180 | ||
Depreciation and amortization of financed assets | (55) | (14) | |
Depreciation and amortization of right-of-use assets | (1,380) | (1,272) | |
Interests on debts related to financed assets | (1) | (1) | |
Interests on lease liabilities | (120) | (128) | |
EBITDAaL | 12,839 | 13,015 | |
Significant litigations | (211) | (49) | |
Specific labour expenses | (12) | (23) | |
Fixed assets, investments and businesses portfolio review | 228 | 277 | |
Restructuring programs costs | (80) | (163) | |
Acquisition and integration costs | (32) | (24) | |
Depreciation and amortization of fixed assets | (7,106) | (7,086) | (7,026) |
Reclassification of translation adjustment from liquidated entities | 12 | 1 | |
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | (30) | 73 | (49) |
Share of profits (losses) of associates and joint ventures | (2) | 8 | 3 |
Elimination of interests on debts related to financed assets | 1 | 1 | |
Elimination of interests on lease liabilities | 120 | 128 | |
Operating income | 5,715 | 6,114 | 4,997 |
Gains (losses) on assets contributing to net financial debt | (1) | 5 | 9 |
Foreign exchange gain (loss) | (103) | 76 | (4) |
Effects resulting from BT sale | (119) | (51) | |
Finance costs, net | (1,314) | (1,261) | (1,362) |
Consolidated net income | 5,252 | 3,407 | 2,326 |
France, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 18,461 | 18,154 | 18,211 |
External purchases | (7,101) | (7,036) | (7,167) |
Other operating income | 1,303 | 1,392 | 1,377 |
Other operating expenses | (592) | (553) | (535) |
Labor expenses | (3,663) | (3,730) | (3,833) |
Operating taxes and levies | (955) | (893) | (977) |
Depreciation and amortization of financed assets | (55) | (14) | |
Depreciation and amortization of right-of-use assets | (225) | (175) | |
Interests on debts related to financed assets | (1) | (1) | |
Interests on lease liabilities | (8) | (9) | |
EBITDAaL | 7,163 | 7,135 | |
Significant litigations | (199) | ||
Specific labour expenses | (7) | (32) | |
Fixed assets, investments and businesses portfolio review | 21 | 4 | |
Restructuring programs costs | (5) | (45) | |
Acquisition and integration costs | (1) | ||
Depreciation and amortization of fixed assets | (3,157) | (3,179) | (3,148) |
Impairment of fixed assets | (15) | (1) | (2) |
Share of profits (losses) of associates and joint ventures | (1) | ||
Elimination of interests on debts related to financed assets | 1 | 1 | |
Elimination of interests on lease liabilities | 8 | 9 | |
Operating income | 3,809 | 3,892 | 3,198 |
Europe (excluding France), operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 10,580 | 11,051 | 11,023 |
External purchases | (5,959) | (6,213) | (6,601) |
Other operating income | 293 | 369 | 283 |
Other operating expenses | (358) | (380) | (379) |
Labor expenses | (912) | (949) | (944) |
Operating taxes and levies | (238) | (244) | (254) |
Gains (losses) on disposal of fixed assets, investments and activities | 80 | ||
Depreciation and amortization of right-of-use assets | (443) | (466) | |
Interests on lease liabilities | (30) | (32) | |
EBITDAaL | 2,932 | 3,136 | |
Specific labour expenses | 2 | 2 | |
Fixed assets, investments and businesses portfolio review | 36 | 120 | |
Restructuring programs costs | (2) | (67) | |
Acquisition and integration costs | (7) | (5) | |
Depreciation and amortization of fixed assets | (2,187) | (2,195) | (2,269) |
Impairment of fixed assets | (8) | (15) | 1 |
Share of profits (losses) of associates and joint ventures | 0 | 1 | |
Elimination of interests on lease liabilities | 30 | 32 | |
Operating income | 796 | 1,009 | 894 |
Spain, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 4,951 | 5,280 | 5,349 |
External purchases | (2,774) | (2,907) | (3,204) |
Other operating income | 141 | 221 | 155 |
Other operating expenses | (185) | (207) | (211) |
Labor expenses | (280) | (271) | (263) |
Operating taxes and levies | (148) | (160) | (161) |
Gains (losses) on disposal of fixed assets, investments and activities | 35 | ||
Depreciation and amortization of right-of-use assets | (260) | (298) | |
Interests on lease liabilities | (12) | (12) | |
EBITDAaL | 1,433 | 1,646 | |
Fixed assets, investments and businesses portfolio review | 22 | 56 | |
Restructuring programs costs | 0 | (12) | |
Depreciation and amortization of fixed assets | (1,059) | (1,076) | (1,105) |
Impairment of fixed assets | 0 | ||
Elimination of interests on lease liabilities | 12 | 12 | |
Operating income | 407 | 626 | 555 |
Other European countries, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 5,638 | 5,783 | 5,687 |
External purchases | (3,194) | (3,318) | (3,412) |
Other operating income | 153 | 148 | 130 |
Other operating expenses | (173) | (173) | (168) |
Labor expenses | (632) | (678) | (681) |
Operating taxes and levies | (90) | (84) | (93) |
Gains (losses) on disposal of fixed assets, investments and activities | 45 | ||
Depreciation and amortization of right-of-use assets | (183) | (168) | |
Interests on lease liabilities | (19) | (21) | |
EBITDAaL | 1,499 | 1,489 | |
Specific labour expenses | 2 | 2 | |
Fixed assets, investments and businesses portfolio review | 14 | 63 | |
Restructuring programs costs | (2) | (55) | |
Acquisition and integration costs | (7) | (5) | |
Depreciation and amortization of fixed assets | (1,129) | (1,119) | (1,164) |
Impairment of fixed assets | (8) | (15) | 1 |
Share of profits (losses) of associates and joint ventures | 0 | 1 | |
Elimination of interests on lease liabilities | 19 | 21 | |
Operating income | 389 | 383 | 339 |
Europe, operating segment eliminations [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (9) | (12) | (13) |
External purchases | 9 | 12 | 15 |
Other operating income | 0 | 0 | (2) |
Other operating expenses | 0 | 0 | |
Africa and Middle-East, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 5,834 | 5,646 | 5,190 |
External purchases | (2,443) | (2,451) | (2,521) |
Other operating income | 76 | 72 | 68 |
Other operating expenses | (212) | (245) | (231) |
Labor expenses | (514) | (507) | (468) |
Operating taxes and levies | (552) | (495) | (391) |
Gains (losses) on disposal of fixed assets, investments and activities | 20 | ||
Depreciation and amortization of right-of-use assets | (158) | (135) | |
Interests on lease liabilities | (67) | (72) | |
EBITDAaL | 1,964 | 1,814 | |
Specific labour expenses | 0 | ||
Fixed assets, investments and businesses portfolio review | 6 | (19) | |
Restructuring programs costs | (5) | (4) | |
Acquisition and integration costs | (2) | ||
Depreciation and amortization of fixed assets | (1,011) | (972) | (906) |
Reclassification of translation adjustment from liquidated entities | 2 | ||
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | 0 | 89 | (46) |
Share of profits (losses) of associates and joint ventures | 8 | 12 | 12 |
Elimination of interests on lease liabilities | 67 | 72 | |
Operating income | 1,027 | 940 | 659 |
Enterprise, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 7,807 | 7,820 | 7,292 |
External purchases | (4,019) | (3,991) | (3,696) |
Other operating income | 161 | 169 | 148 |
Other operating expenses | (646) | (634) | (661) |
Labor expenses | (2,027) | (1,949) | (1,718) |
Operating taxes and levies | (102) | (115) | (120) |
Depreciation and amortization of right-of-use assets | (145) | (104) | |
Interests on lease liabilities | (5) | (4) | |
EBITDAaL | 1,023 | 1,191 | |
Specific labour expenses | 2 | 1 | |
Fixed assets, investments and businesses portfolio review | 14 | ||
Restructuring programs costs | (9) | (16) | |
Acquisition and integration costs | (6) | (11) | |
Depreciation and amortization of fixed assets | (410) | (399) | (387) |
Impairment of fixed assets | 1 | ||
Share of profits (losses) of associates and joint ventures | 1 | 1 | (1) |
Elimination of interests on lease liabilities | 5 | 4 | |
Operating income | 621 | 772 | 765 |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,450 | 1,498 | 1,534 |
External purchases | (1,951) | (2,041) | (2,469) |
Other operating income | 2,076 | 2,088 | 2,146 |
Other operating expenses | (51) | (63) | (35) |
Labor expenses | (1,274) | (1,261) | (1,235) |
Operating taxes and levies | (75) | (80) | (66) |
Gains (losses) on disposal of fixed assets, investments and activities | 80 | ||
Depreciation and amortization of right-of-use assets | (410) | (391) | |
Interests on lease liabilities | (9) | (10) | |
EBITDAaL | (244) | (261) | |
Significant litigations | (13) | (49) | |
Specific labour expenses | (9) | 6 | |
Fixed assets, investments and businesses portfolio review | 151 | 172 | |
Restructuring programs costs | (59) | (31) | |
Acquisition and integration costs | (15) | (8) | |
Depreciation and amortization of fixed assets | (342) | (340) | (316) |
Reclassification of translation adjustment from liquidated entities | 10 | 1 | |
Impairment of fixed assets | (7) | (1) | (2) |
Share of profits (losses) of associates and joint ventures | (9) | (7) | (8) |
Elimination of interests on lease liabilities | 9 | 10 | |
Operating income | (538) | (499) | (519) |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (1,855) | (1,926) | (1,866) |
External purchases | 3,891 | 3,962 | 3,975 |
Other operating income | (3,371) | (3,396) | (3,466) |
Other operating expenses | 1,335 | 1,360 | 1,357 |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (7) | (4) | (3) |
External purchases | 6 | 5 | 3 |
Other operating income | (9) | (17) | (20) |
Other operating expenses | 11 | 17 | 21 |
EBITDAaL | 1 | 1 | |
Operating income | 1 | 1 | 1 |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (7) | (4) | (3) |
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
External purchases | (108) | (96) | (87) |
Other operating income | 75 | 43 | 44 |
Other operating expenses | (47) | (29) | (33) |
Labor expenses | (75) | (73) | (70) |
Operating taxes and levies | (1) | (1) | (1) |
Depreciation and amortization of right-of-use assets | (3) | (3) | |
Interests on lease liabilities | 0 | ||
EBITDAaL | (160) | (160) | |
Specific labour expenses | 0 | ||
Restructuring programs costs | (3) | (2) | |
Acquisition and integration costs | (5) | ||
Depreciation and amortization of fixed assets | (28) | (24) | (21) |
Elimination of interests on lease liabilities | 0 | ||
Operating income | (195) | (186) | (169) |
Consolidated net income | € (196) | € (185) | € (168) |
Segment information - Segment_4
Segment information - Segment revenue to consolidated net income - Additional information (Details) - Operating segments [member] - Mobile Financial Services, operating segment [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of operating segments [line items] | |||
Net banking income included in miscellaneous operating income | € 69 | € 40 | € 43 |
Cost of risk included in miscellaneous operating expenses | € (31) | € (10) | € (7) |
Segment information - Segment_5
Segment information - Segment revenue to segment operating income - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of operating segments [line items] | |||
Revenue | € 42,270 | € 42,238 | € 41,381 |
External purchases | (17,691) | (17,860) | (18,563) |
Other operating income | 604 | 720 | 580 |
Other operating expenses | (789) | (599) | (505) |
Labor expenses | (8,490) | (8,494) | (9,074) |
Operating taxes and levies | (1,924) | (1,827) | (1,840) |
Gains (losses) on disposal of fixed assets, investments and activities | 228 | 277 | 197 |
Restructuring and integration costs | (199) | ||
Reported EBITDA | 11,977 | ||
Depreciation and amortization of fixed assets | (7,134) | (7,110) | (7,047) |
Reclassification of translation adjustment from liquidated entities | 12 | 1 | |
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | (30) | 73 | (49) |
Share of profits (losses) of associates and joint ventures | (2) | 8 | 3 |
Operating income | 5,521 | 5,930 | 4,829 |
Presentation adjustments [member] | |||
Disclosure of operating segments [line items] | |||
External purchases | (6) | ||
Other operating expenses | (229) | (72) | (9) |
Labor expenses | (25) | (24) | (806) |
Operating taxes and levies | (31) | ||
Gains (losses) on disposal of fixed assets, investments and activities | 228 | 277 | 17 |
Restructuring and integration costs | (199) | ||
Adjusted EBITDA | (1,028) | ||
Significant litigations | 33 | ||
Specific labor expenses | 812 | ||
Investments and businesses portfolio review | (17) | ||
Restructuring and integration costs | 200 | ||
Telecom activities and Mobile Financial Services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 42,270 | 42,238 | 41,381 |
External purchases | (17,684) | (17,860) | (18,563) |
Other operating income | 604 | 720 | 580 |
Other operating expenses | (560) | (527) | (496) |
Labor expenses | (8,465) | (8,470) | (8,268) |
Operating taxes and levies | (1,924) | (1,827) | (1,809) |
Gains (losses) on disposal of fixed assets, investments and activities | 180 | ||
Adjusted EBITDA | 13,005 | ||
Significant litigations | (33) | ||
Specific labor expenses | (812) | ||
Investments and businesses portfolio review | 17 | ||
Restructuring and integration costs | (200) | ||
Reported EBITDA | 11,977 | ||
Depreciation and amortization of fixed assets | (7,134) | (7,110) | (7,047) |
Reclassification of translation adjustment from liquidated entities | 12 | 1 | |
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | (30) | 73 | (49) |
Share of profits (losses) of associates and joint ventures | (2) | 8 | 3 |
Operating income | 5,521 | 5,930 | 4,829 |
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 42,277 | 42,242 | 41,384 |
External purchases | (17,582) | (17,769) | (18,479) |
Other operating income | 539 | 694 | 556 |
Other operating expenses | (524) | (515) | (484) |
Labor expenses | (8,390) | (8,397) | (8,198) |
Operating taxes and levies | (1,923) | (1,827) | (1,808) |
Gains (losses) on disposal of fixed assets, investments and activities | 180 | ||
Adjusted EBITDA | 13,151 | ||
Significant litigations | (33) | ||
Specific labor expenses | (811) | ||
Investments and businesses portfolio review | 17 | ||
Restructuring and integration costs | (200) | ||
Reported EBITDA | 12,124 | ||
Depreciation and amortization of fixed assets | (7,106) | (7,086) | (7,026) |
Reclassification of translation adjustment from liquidated entities | 12 | 1 | |
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | (30) | 73 | (49) |
Share of profits (losses) of associates and joint ventures | (2) | 8 | 3 |
Operating income | 5,715 | 6,114 | 4,997 |
France, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 18,461 | 18,154 | 18,211 |
External purchases | (7,101) | (7,036) | (7,167) |
Other operating income | 1,303 | 1,392 | 1,377 |
Other operating expenses | (592) | (553) | (535) |
Labor expenses | (3,663) | (3,730) | (3,833) |
Operating taxes and levies | (955) | (893) | (977) |
Adjusted EBITDA | 7,076 | ||
Specific labor expenses | (614) | ||
Restructuring and integration costs | (114) | ||
Reported EBITDA | 6,348 | ||
Depreciation and amortization of fixed assets | (3,157) | (3,179) | (3,148) |
Impairment of fixed assets | (15) | (1) | (2) |
Share of profits (losses) of associates and joint ventures | (1) | ||
Operating income | 3,809 | 3,892 | 3,198 |
Europe (excluding France), operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 10,580 | 11,051 | 11,023 |
External purchases | (5,959) | (6,213) | (6,601) |
Other operating income | 293 | 369 | 283 |
Other operating expenses | (358) | (380) | (379) |
Labor expenses | (912) | (949) | (944) |
Operating taxes and levies | (238) | (244) | (254) |
Gains (losses) on disposal of fixed assets, investments and activities | 80 | ||
Adjusted EBITDA | 3,208 | ||
Significant litigations | (31) | ||
Restructuring and integration costs | (15) | ||
Reported EBITDA | 3,162 | ||
Depreciation and amortization of fixed assets | (2,187) | (2,195) | (2,269) |
Impairment of fixed assets | (8) | (15) | 1 |
Share of profits (losses) of associates and joint ventures | 0 | 1 | |
Operating income | 796 | 1,009 | 894 |
Spain, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 4,951 | 5,280 | 5,349 |
External purchases | (2,774) | (2,907) | (3,204) |
Other operating income | 141 | 221 | 155 |
Other operating expenses | (185) | (207) | (211) |
Labor expenses | (280) | (271) | (263) |
Operating taxes and levies | (148) | (160) | (161) |
Gains (losses) on disposal of fixed assets, investments and activities | 35 | ||
Adjusted EBITDA | 1,700 | ||
Significant litigations | (31) | ||
Restructuring and integration costs | (9) | ||
Reported EBITDA | 1,660 | ||
Depreciation and amortization of fixed assets | (1,059) | (1,076) | (1,105) |
Impairment of fixed assets | 0 | ||
Operating income | 407 | 626 | 555 |
Other European countries, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 5,638 | 5,783 | 5,687 |
External purchases | (3,194) | (3,318) | (3,412) |
Other operating income | 153 | 148 | 130 |
Other operating expenses | (173) | (173) | (168) |
Labor expenses | (632) | (678) | (681) |
Operating taxes and levies | (90) | (84) | (93) |
Gains (losses) on disposal of fixed assets, investments and activities | 45 | ||
Adjusted EBITDA | 1,508 | ||
Restructuring and integration costs | (6) | ||
Reported EBITDA | 1,502 | ||
Depreciation and amortization of fixed assets | (1,129) | (1,119) | (1,164) |
Impairment of fixed assets | (8) | (15) | 1 |
Share of profits (losses) of associates and joint ventures | 0 | 1 | |
Operating income | 389 | 383 | 339 |
Europe, operating segment eliminations [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (9) | (12) | (13) |
External purchases | 9 | 12 | 15 |
Other operating income | 0 | 0 | (2) |
Other operating expenses | 0 | 0 | |
Africa and Middle-East, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 5,834 | 5,646 | 5,190 |
External purchases | (2,443) | (2,451) | (2,521) |
Other operating income | 76 | 72 | 68 |
Other operating expenses | (212) | (245) | (231) |
Labor expenses | (514) | (507) | (468) |
Operating taxes and levies | (552) | (495) | (391) |
Gains (losses) on disposal of fixed assets, investments and activities | 20 | ||
Adjusted EBITDA | 1,667 | ||
Restructuring and integration costs | (12) | ||
Reported EBITDA | 1,655 | ||
Depreciation and amortization of fixed assets | (1,011) | (972) | (906) |
Reclassification of translation adjustment from liquidated entities | 2 | ||
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | 0 | 89 | (46) |
Share of profits (losses) of associates and joint ventures | 8 | 12 | 12 |
Operating income | 1,027 | 940 | 659 |
Enterprise, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 7,807 | 7,820 | 7,292 |
External purchases | (4,019) | (3,991) | (3,696) |
Other operating income | 161 | 169 | 148 |
Other operating expenses | (646) | (634) | (661) |
Labor expenses | (2,027) | (1,949) | (1,718) |
Operating taxes and levies | (102) | (115) | (120) |
Adjusted EBITDA | 1,245 | ||
Specific labor expenses | (68) | ||
Restructuring and integration costs | (24) | ||
Reported EBITDA | 1,153 | ||
Depreciation and amortization of fixed assets | (410) | (399) | (387) |
Impairment of fixed assets | 1 | ||
Share of profits (losses) of associates and joint ventures | 1 | 1 | (1) |
Operating income | 621 | 772 | 765 |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,450 | 1,498 | 1,534 |
External purchases | (1,951) | (2,041) | (2,469) |
Other operating income | 2,076 | 2,088 | 2,146 |
Other operating expenses | (51) | (63) | (35) |
Labor expenses | (1,274) | (1,261) | (1,235) |
Operating taxes and levies | (75) | (80) | (66) |
Gains (losses) on disposal of fixed assets, investments and activities | 80 | ||
Adjusted EBITDA | (45) | ||
Significant litigations | (2) | ||
Specific labor expenses | (129) | ||
Investments and businesses portfolio review | 17 | ||
Restructuring and integration costs | (35) | ||
Reported EBITDA | (194) | ||
Depreciation and amortization of fixed assets | (342) | (340) | (316) |
Reclassification of translation adjustment from liquidated entities | 10 | 1 | |
Impairment of fixed assets | (7) | (1) | (2) |
Share of profits (losses) of associates and joint ventures | (9) | (7) | (8) |
Operating income | (538) | (499) | (519) |
Telecom activities, operating segment, eliminations [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (1,855) | (1,926) | (1,866) |
External purchases | 3,891 | 3,962 | 3,975 |
Other operating income | (3,371) | (3,396) | (3,466) |
Other operating expenses | 1,335 | 1,360 | 1,357 |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (7) | (4) | (3) |
External purchases | 6 | 5 | 3 |
Other operating income | (9) | (17) | (20) |
Other operating expenses | 11 | 17 | 21 |
Adjusted EBITDA | 1 | ||
Reported EBITDA | 1 | ||
Operating income | 1 | 1 | 1 |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (7) | (4) | (3) |
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
External purchases | (108) | (96) | (87) |
Other operating income | 75 | 43 | 44 |
Other operating expenses | (47) | (29) | (33) |
Labor expenses | (75) | (73) | (70) |
Operating taxes and levies | (1) | (1) | (1) |
Adjusted EBITDA | (147) | ||
Specific labor expenses | (1) | ||
Reported EBITDA | (148) | ||
Depreciation and amortization of fixed assets | (28) | (24) | (21) |
Operating income | € (195) | € (186) | € (169) |
Segment information - Segment i
Segment information - Segment investments - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of operating segments [line items] | |||
eCapex | € 7,132 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 444 | € 610 | |
Capex | 7,293 | € 7,442 | |
Telecommunications licenses | 2,940 | 2,385 | 1,895 |
Financed assets | 5,848 | 6,181 | 5,883 |
Total investments | 8,787 | 8,565 | 7,778 |
Financed assets [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 241 | 144 | |
Finance leases [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 144 | 136 | |
Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Telecommunications licenses | 969 | 519 | 200 |
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 7,102 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 444 | 610 | |
Capex | 7,265 | 7,406 | |
Total investments | 8,757 | 8,538 | 7,742 |
Telecom activities, operating segment [member] | Operating segments [member] | Financed assets [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 241 | ||
Telecom activities, operating segment [member] | Operating segments [member] | Finance leases [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 144 | 136 | |
Telecom activities, operating segment [member] | Operating segments [member] | Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Telecommunications licenses | 969 | 519 | 200 |
France, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 3,748 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 136 | 95 | |
Capex | 4,052 | 3,656 | |
Total investments | 5,001 | 4,291 | 3,656 |
France, operating segment [member] | Operating segments [member] | Financed assets [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 241 | ||
France, operating segment [member] | Operating segments [member] | Finance leases [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 144 | 1 | |
France, operating segment [member] | Operating segments [member] | Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Other increase (decrease) in other intangible assets | 0 | ||
Telecommunications licenses | 876 | (1) | |
Europe (excluding France), operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 1,847 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 97 | 289 | |
Capex | 1,681 | 2,073 | |
Total investments | 2,017 | 2,277 | 2,334 |
Europe (excluding France), operating segment [member] | Operating segments [member] | Finance leases [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 102 | ||
Europe (excluding France), operating segment [member] | Operating segments [member] | Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Telecommunications licenses | 73 | 308 | 159 |
Spain, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 969 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 75 | 185 | |
Capex | 812 | 1,120 | |
Total investments | 1,050 | 1,296 | 1,339 |
Spain, operating segment [member] | Operating segments [member] | Finance leases [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 70 | ||
Spain, operating segment [member] | Operating segments [member] | Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Telecommunications licenses | 6 | 298 | 149 |
Other European countries, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 878 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 22 | 103 | |
Capex | 869 | 953 | |
Total investments | 967 | 982 | 995 |
Other European countries, operating segment [member] | Operating segments [member] | Finance leases [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 32 | ||
Other European countries, operating segment [member] | Operating segments [member] | Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Telecommunications licenses | 67 | 9 | 10 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 1,036 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 9 | 13 | |
Capex | 987 | 1,008 | |
Total investments | 1,065 | 1,211 | 1,052 |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Finance leases [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 2 | ||
Africa and Middle-East, operating segment [member] | Operating segments [member] | Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Telecommunications licenses | 20 | 212 | 42 |
Enterprise, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 339 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 23 | 5 | |
Capex | 404 | 353 | |
Total investments | 362 | 410 | 384 |
Enterprise, operating segment [member] | Operating segments [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Total investments | 218 | 254 | 275 |
Enterprise, operating segment [member] | Operating segments [member] | Finance leases [member] | |||
Disclosure of operating segments [line items] | |||
Financed assets | 31 | ||
Enterprise, operating segment [member] | Operating segments [member] | Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Telecommunications licenses | 0 | 0 | |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 133 | ||
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 180 | 208 | |
Capex | 141 | 316 | |
Total investments | 313 | 348 | 316 |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Total investments | 303 | 336 | 312 |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | Licenses [member] | |||
Disclosure of operating segments [line items] | |||
Telecommunications licenses | 0 | 0 | |
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
eCapex | 30 | ||
Capex | 28 | 36 | |
Total investments | € 30 | € 28 | € 36 |
Segment information - Segment_6
Segment information - Segment reported EBITDA to segment operating income and segment investments - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2019 | |
Disclosure of operating segments [line items] | ||||
Total investments | € 8,787 | € 8,565 | € 7,778 | |
Acquisitions of other intangible assets | 2,940 | 2,385 | 1,895 | |
Tangible assets | 5,848 | 6,181 | 5,883 | |
Current lease liabilities | 1,496 | 1,339 | € 1,363 | |
Current fixed assets payables | 3,349 | 2,848 | 2,835 | |
Operating segments [member] | Enterprise, operating segment [member] | ||||
Disclosure of operating segments [line items] | ||||
Total investments | 362 | 410 | 384 | |
Current lease liabilities | 118 | 110 | ||
Current fixed assets payables | 60 | 72 | 58 | |
Operating segments [member] | Enterprise, operating segment [member] | FRANCE | ||||
Disclosure of operating segments [line items] | ||||
Total investments | 218 | 254 | 275 | |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | ||||
Disclosure of operating segments [line items] | ||||
Total investments | 313 | 348 | 316 | |
Current lease liabilities | 529 | 422 | ||
Current fixed assets payables | 135 | 135 | 138 | |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | FRANCE | ||||
Disclosure of operating segments [line items] | ||||
Total investments | € 303 | € 336 | € 312 |
Segment information - Segment a
Segment information - Segment assets - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of operating segments [line items] | ||||||
Goodwill | € 27,596 | € 27,644 | € 27,174 | |||
Other intangible assets | 15,135 | 14,737 | 14,073 | € 14,339 | ||
Property, plant and equipment | 29,075 | 28,423 | € 27,119 | 27,693 | 26,665 | |
Right-of-use assets | 7,009 | 6,700 | 6,792 | 6,790 | ||
Interests in associates and joint ventures | 98 | 103 | 104 | |||
Non-current assets included in the calculation of net financial debt | 774 | 685 | 816 | |||
Other | 2,952 | 3,460 | 4,841 | |||
Total non-current assets | 82,639 | 81,753 | 82,446 | 74,701 | ||
Inventories | 814 | 906 | 965 | 827 | ||
Trade receivables | 5,620 | 5,320 | 5,295 | € 5,153 | 5,175 | |
Other customer contract assets | 1,236 | 1,209 | 1,166 | |||
Prepaid expenses | 850 | 730 | 536 | 571 | € 455 | |
Current assets included in the calculation of net financial debt | 11,260 | 10,820 | 7,886 | |||
Other | 5,313 | 6,002 | 6,008 | |||
Total current assets | 25,094 | 24,987 | 21,855 | 21,891 | ||
Total assets | 107,733 | 106,741 | € 104,302 | 96,592 | ||
Telecom activities, operating segment [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Trade receivables | 5,620 | 5,320 | 5,295 | |||
Telecom activities, operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 27,561 | 27,644 | 27,174 | |||
Other intangible assets | 15,042 | 14,649 | 13,989 | |||
Property, plant and equipment | 29,069 | 28,418 | 27,688 | |||
Right-of-use assets | 6,979 | 6,674 | ||||
Interests in associates and joint ventures | 98 | 103 | 104 | |||
Non-current assets included in the calculation of net financial debt | 774 | 685 | 816 | |||
Other | 1,760 | 2,219 | 3,231 | |||
Total non-current assets | 81,283 | 80,394 | 73,002 | |||
Inventories | 814 | 906 | 965 | |||
Trade receivables | 5,645 | 5,343 | 5,329 | |||
Other customer contract assets | 1,236 | 1,209 | 1,166 | |||
Prepaid expenses | 841 | 725 | 569 | |||
Current assets included in the calculation of net financial debt | 11,260 | 10,820 | 7,886 | |||
Other | 2,937 | 2,494 | 2,321 | |||
Total current assets | 22,734 | 21,498 | 18,236 | |||
Total assets | 104,017 | 101,892 | 91,238 | |||
France, operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 14,364 | 14,364 | 14,364 | |||
Other intangible assets | 4,957 | 3,968 | 3,921 | |||
Property, plant and equipment | 16,038 | 15,308 | 14,306 | |||
Right-of-use assets | 1,523 | 1,174 | ||||
Interests in associates and joint ventures | 9 | 3 | ||||
Other | 9 | 10 | 11 | |||
Total non-current assets | 36,900 | 34,827 | 32,602 | |||
Inventories | 361 | 463 | 505 | |||
Trade receivables | 1,975 | 1,477 | 1,506 | |||
Other customer contract assets | 386 | 432 | 443 | |||
Prepaid expenses | 53 | 41 | 68 | |||
Other | 803 | 699 | 776 | |||
Total current assets | 3,578 | 3,113 | 3,298 | |||
Total assets | 40,477 | 37,940 | 35,900 | |||
Europe (excluding France), operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 9,512 | 9,537 | 9,421 | |||
Other intangible assets | 3,647 | 3,903 | 3,793 | |||
Property, plant and equipment | 7,653 | 7,782 | 7,880 | |||
Right-of-use assets | 2,181 | 2,190 | ||||
Interests in associates and joint ventures | 5 | 5 | 5 | |||
Other | 42 | 39 | 32 | |||
Total non-current assets | 23,040 | 23,456 | 21,131 | |||
Inventories | 219 | 211 | 249 | |||
Trade receivables | 1,691 | 1,879 | 1,928 | |||
Other customer contract assets | 521 | 529 | 503 | |||
Prepaid expenses | 542 | 444 | 276 | |||
Other | 197 | 136 | 135 | |||
Total current assets | 3,170 | 3,199 | 3,091 | |||
Total assets | 26,210 | 26,655 | 24,222 | |||
Spain, operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 6,872 | 6,872 | 6,840 | |||
Other intangible assets | 1,852 | 1,961 | 1,778 | |||
Property, plant and equipment | 3,750 | 3,673 | 3,730 | |||
Right-of-use assets | 1,129 | 1,123 | ||||
Interests in associates and joint ventures | 1 | |||||
Other | 17 | 17 | 17 | |||
Total non-current assets | 13,619 | 13,645 | 12,366 | |||
Inventories | 57 | 61 | 79 | |||
Trade receivables | 645 | 667 | 699 | |||
Other customer contract assets | 154 | 150 | 140 | |||
Prepaid expenses | 492 | 401 | 241 | |||
Other | 117 | 62 | 60 | |||
Total current assets | 1,465 | 1,341 | 1,219 | |||
Total assets | 15,085 | 14,986 | 13,585 | |||
Other European countries, operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 2,640 | 2,665 | 2,581 | |||
Other intangible assets | 1,795 | 1,941 | 2,015 | |||
Property, plant and equipment | 3,903 | 4,109 | 4,150 | |||
Right-of-use assets | 1,052 | 1,068 | ||||
Interests in associates and joint ventures | 5 | 5 | 4 | |||
Other | 25 | 22 | 15 | |||
Total non-current assets | 9,421 | 9,811 | 8,765 | |||
Inventories | 162 | 149 | 171 | |||
Trade receivables | 1,046 | 1,210 | 1,227 | |||
Other customer contract assets | 367 | 380 | 363 | |||
Prepaid expenses | 51 | 43 | 35 | |||
Other | 79 | 74 | 75 | |||
Total current assets | 1,705 | 1,855 | 1,871 | |||
Total assets | 11,126 | 11,666 | 10,636 | |||
Europe, operating segment eliminations [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Trade receivables | 0 | 3 | 2 | |||
Other | (1) | |||||
Total current assets | 0 | 3 | 1 | |||
Total assets | 0 | 3 | 1 | |||
Africa and Middle-East, operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 1,443 | 1,481 | 1,542 | |||
Other intangible assets | 2,046 | 2,318 | 2,106 | |||
Property, plant and equipment | 3,751 | 3,674 | 3,443 | |||
Right-of-use assets | 921 | 1,107 | ||||
Interests in associates and joint ventures | 70 | 84 | 82 | |||
Other | 26 | 22 | 23 | |||
Total non-current assets | 8,257 | 8,686 | 7,196 | |||
Inventories | 77 | 76 | 82 | |||
Trade receivables | 769 | 720 | 761 | |||
Other customer contract assets | 13 | 11 | 8 | |||
Prepaid expenses | 131 | 87 | 89 | |||
Other | 1,196 | 968 | 811 | |||
Total current assets | 2,185 | 1,862 | 1,751 | |||
Total assets | 10,442 | 10,549 | 8,947 | |||
Enterprise, operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 2,225 | 2,245 | 1,830 | |||
Other intangible assets | 640 | 695 | 388 | |||
Property, plant and equipment | 488 | 526 | 540 | |||
Right-of-use assets | 456 | 387 | ||||
Interests in associates and joint ventures | 2 | 1 | ||||
Other | 31 | 25 | 23 | |||
Total non-current assets | 3,840 | 3,878 | 2,781 | |||
Inventories | 57 | 60 | 49 | |||
Trade receivables | 1,081 | 1,067 | 821 | |||
Other customer contract assets | 317 | 237 | 212 | |||
Prepaid expenses | 77 | 143 | 71 | |||
Other | 200 | 216 | 174 | |||
Total current assets | 1,733 | 1,723 | 1,327 | |||
Total assets | 5,573 | 5,601 | 4,108 | |||
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 18 | 18 | 18 | |||
Other intangible assets | 3,753 | 3,766 | 3,780 | |||
Property, plant and equipment | 1,139 | 1,128 | 1,519 | |||
Right-of-use assets | 1,898 | 1,815 | ||||
Interests in associates and joint ventures | 12 | 10 | 17 | |||
Other | 20 | 19 | 19 | |||
Total non-current assets | 6,840 | 6,757 | 5,352 | |||
Inventories | 100 | 96 | 79 | |||
Trade receivables | 890 | 974 | 946 | |||
Prepaid expenses | 66 | 26 | 82 | |||
Other | 386 | 330 | 374 | |||
Total current assets | 1,442 | 1,426 | 1,481 | |||
Total assets | 8,282 | 8,182 | 6,833 | |||
Elimination of intersegment amounts and unallocated amounts [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Other intangible assets | 1 | |||||
Interests in associates and joint ventures | 0 | 0 | ||||
Non-current assets included in the calculation of net financial debt | 774 | 685 | 816 | |||
Other | 1,633 | 2,104 | 3,123 | |||
Total non-current assets | 2,406 | 2,789 | 3,940 | |||
Trade receivables | (761) | (773) | (633) | |||
Prepaid expenses | (28) | (16) | (17) | |||
Current assets included in the calculation of net financial debt | 11,260 | 10,820 | 7,886 | |||
Other | 155 | 145 | 52 | |||
Total current assets | 10,627 | 10,176 | 7,288 | |||
Total assets | 13,033 | 12,965 | 11,228 | |||
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Other | (27) | (27) | (27) | |||
Total non-current assets | (27) | (27) | (27) | |||
Trade receivables | (55) | (24) | (34) | |||
Prepaid expenses | (1) | 0 | ||||
Other | (4) | (3) | ||||
Total current assets | (61) | (28) | (34) | |||
Total assets | (88) | (55) | (61) | |||
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||||
Disclosure of operating segments [line items] | ||||||
Goodwill | 35 | |||||
Other intangible assets | 93 | 88 | 84 | |||
Property, plant and equipment | 6 | 5 | 5 | |||
Right-of-use assets | 30 | 26 | ||||
Other | 1,219 | 1,268 | 1,637 | |||
Total non-current assets | 1,383 | 1,387 | 1,726 | |||
Trade receivables | 30 | 1 | ||||
Prepaid expenses | 9 | 5 | 2 | |||
Other | 2,381 | 3,511 | 3,687 | |||
Total current assets | 2,421 | 3,517 | 3,689 | |||
Total assets | € 3,804 | € 4,904 | € 5,415 |
Segment information - Segment_7
Segment information - Segment assets - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 |
Disclosure of operating segments [line items] | ||||
Non-current financial assets related to Mobile Financial Services activities | € 1,210 | € 1,259 | € 1,617 | |
Current financial assets related to Mobile Financial Services activities | 2,075 | 3,095 | 3,075 | |
Operating segments [member] | Orange brand [member] | ||||
Disclosure of operating segments [line items] | ||||
Non-current financial assets related to Mobile Financial Services activities | 1,210 | 1,259 | 1,617 | |
Telecom activities, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Financial assets | 4,803 | 6,001 | € 5,057 | |
Enterprise, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Tangible and intangible assets | 573 | 642 | 632 | |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Tangible and intangible assets | 1,731 | 1,736 | 2,151 | |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | Orange brand [member] | ||||
Disclosure of operating segments [line items] | ||||
Intangible assets | 3,133 | 3,133 | 3,133 | |
Elimination of intersegment amounts and unallocated amounts [member] | Operating segments [member] | Investments securities, BT Shares [member] | ||||
Disclosure of operating segments [line items] | ||||
Financial assets | 659 | |||
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Non-current financial assets related to Mobile Financial Services activities | 1,210 | |||
Current financial assets related to Mobile Financial Services activities | 2,077 | € 3,098 | € 3,075 | |
Mobile Financial Services, operating segment [member] | Operating segments [member] | Installment receivables [member] | ||||
Disclosure of operating segments [line items] | ||||
Loans and advances to customers | € 183 |
Segment information - Segment e
Segment information - Segment equity and liabilities - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of operating segments [line items] | |||||
Equity | € 37,038 | € 34,412 | € 33,251 | € 33,249 | € 33,512 |
Non-current lease liabilities | 5,875 | 5,593 | 5,609 | ||
Fixed assets payable | 1,291 | 817 | 612 | ||
Non-current employee benefits | 2,202 | 2,554 | 2,823 | ||
Non-current liabilities included in the calculation of net financial debt | 30,858 | 33,562 | 27,461 | ||
Other | 2,175 | 2,035 | 2,151 | ||
Total non-current liabilities | 42,401 | 44,561 | 39,644 | 33,047 | |
Current lease liabilities | 1,496 | 1,339 | 1,363 | ||
Fixed assets payable | 3,349 | 2,848 | 2,835 | ||
Trade payables | 6,475 | 6,682 | 6,697 | 6,736 | 6,527 |
Customer contract liabilities | 1,984 | 2,093 | 2,002 | 2,021 | |
Current employee benefits | 2,192 | 2,261 | 2,392 | ||
Deferred income | 165 | 51 | 58 | € 76 | |
Current liabilities included in the calculation of net financial debt | 5,205 | 3,947 | 7,403 | ||
Other | 7,427 | 8,545 | 8,870 | ||
Total current liabilities | 28,294 | 27,767 | 31,407 | 30,296 | |
Total equity and liabilities | 107,733 | 106,741 | € 104,302 | 96,592 | |
Telecom activities, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Equity | 37,251 | 34,428 | 33,151 | ||
Non-current lease liabilities | 5,843 | 5,564 | |||
Fixed assets payable | 1,291 | 817 | 612 | ||
Non-current employee benefits | 2,194 | 2,544 | 2,815 | ||
Non-current liabilities included in the calculation of net financial debt | 30,858 | 33,562 | 27,461 | ||
Other | 2,092 | 1,954 | 2,080 | ||
Total non-current liabilities | 42,278 | 44,441 | 32,968 | ||
Current lease liabilities | 1,491 | 1,335 | |||
Fixed assets payable | 3,349 | 2,848 | 2,835 | ||
Trade payables | 6,411 | 6,581 | 6,635 | ||
Customer contract liabilities | 1,985 | 2,094 | 2,002 | ||
Current employee benefits | 2,166 | 2,254 | 2,384 | ||
Deferred income | 165 | 51 | 58 | ||
Current liabilities included in the calculation of net financial debt | 5,207 | 3,950 | 7,403 | ||
Other | 3,714 | 3,908 | 3,803 | ||
Total current liabilities | 24,488 | 23,021 | 25,120 | ||
Total equity and liabilities | 104,017 | 101,892 | 91,239 | ||
France, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 1,238 | 961 | |||
Fixed assets payable | 613 | 35 | 48 | ||
Non-current employee benefits | 1,171 | 1,461 | 1,726 | ||
Other | 583 | 574 | 635 | ||
Total non-current liabilities | 3,606 | 3,030 | 2,409 | ||
Current lease liabilities | 240 | 170 | |||
Fixed assets payable | 1,564 | 1,144 | 1,116 | ||
Trade payables | 2,646 | 2,682 | 2,598 | ||
Customer contract liabilities | 940 | 1,015 | 1,091 | ||
Current employee benefits | 1,166 | 1,224 | 1,307 | ||
Deferred income | 2 | 2 | 2 | ||
Other | 670 | 781 | 846 | ||
Total current liabilities | 7,229 | 7,017 | 6,960 | ||
Total equity and liabilities | 10,835 | 10,047 | 9,369 | ||
Europe (excluding France), operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 1,881 | 1,847 | |||
Fixed assets payable | 525 | 616 | 410 | ||
Non-current employee benefits | 23 | 51 | 44 | ||
Other | 367 | 382 | 369 | ||
Total non-current liabilities | 2,796 | 2,896 | 823 | ||
Current lease liabilities | 463 | 477 | |||
Fixed assets payable | 1,068 | 970 | 996 | ||
Trade payables | 1,867 | 1,989 | 1,983 | ||
Customer contract liabilities | 405 | 433 | 389 | ||
Current employee benefits | 138 | 142 | 140 | ||
Deferred income | 119 | 6 | 3 | ||
Other | 373 | 446 | 400 | ||
Total current liabilities | 4,432 | 4,461 | 3,911 | ||
Total equity and liabilities | 7,229 | 7,357 | 4,734 | ||
Spain, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 977 | 945 | |||
Fixed assets payable | 339 | 366 | 119 | ||
Non-current employee benefits | 9 | 17 | 11 | ||
Other | 65 | 80 | 126 | ||
Total non-current liabilities | 1,389 | 1,409 | 256 | ||
Current lease liabilities | 277 | 284 | |||
Fixed assets payable | 655 | 563 | 598 | ||
Trade payables | 987 | 1,051 | 1,055 | ||
Customer contract liabilities | 103 | 98 | 66 | ||
Current employee benefits | 38 | 33 | 38 | ||
Deferred income | 114 | ||||
Other | 131 | 178 | 148 | ||
Total current liabilities | 2,304 | 2,207 | 1,905 | ||
Total equity and liabilities | 3,692 | 3,616 | 2,161 | ||
Other European countries, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 904 | 902 | |||
Fixed assets payable | 186 | 251 | 291 | ||
Non-current employee benefits | 15 | 34 | 33 | ||
Other | 302 | 301 | 243 | ||
Total non-current liabilities | 1,407 | 1,487 | 567 | ||
Current lease liabilities | 186 | 192 | |||
Fixed assets payable | 413 | 407 | 398 | ||
Trade payables | 880 | 935 | 926 | ||
Customer contract liabilities | 303 | 335 | 322 | ||
Current employee benefits | 101 | 110 | 102 | ||
Deferred income | 5 | 6 | 3 | ||
Other | 242 | 268 | 253 | ||
Total current liabilities | 2,129 | 2,252 | 2,004 | ||
Total equity and liabilities | 3,536 | 3,739 | 2,571 | ||
Europe, operating segment eliminations [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Trade payables | 0 | 3 | 2 | ||
Other | (1) | ||||
Total current liabilities | 0 | 3 | 1 | ||
Total equity and liabilities | 0 | 3 | 1 | ||
Africa and Middle-East, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 825 | 979 | |||
Fixed assets payable | 153 | 166 | 154 | ||
Non-current employee benefits | 72 | 68 | 64 | ||
Other | 69 | 55 | 59 | ||
Total non-current liabilities | 1,119 | 1,268 | 277 | ||
Current lease liabilities | 141 | 157 | |||
Fixed assets payable | 523 | 529 | 528 | ||
Trade payables | 1,066 | 1,136 | 1,081 | ||
Customer contract liabilities | 126 | 123 | 127 | ||
Current employee benefits | 72 | 71 | 68 | ||
Deferred income | 36 | 36 | 44 | ||
Other | 1,435 | 1,211 | 1,069 | ||
Total current liabilities | 3,398 | 3,264 | 2,917 | ||
Total equity and liabilities | 4,517 | 4,532 | 3,194 | ||
Enterprise, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 346 | 288 | |||
Non-current employee benefits | 242 | 264 | 264 | ||
Other | 39 | 39 | 46 | ||
Total non-current liabilities | 628 | 590 | 310 | ||
Current lease liabilities | 118 | 110 | |||
Fixed assets payable | 60 | 72 | 58 | ||
Trade payables | 745 | 784 | 689 | ||
Customer contract liabilities | 422 | 412 | 283 | ||
Current employee benefits | 415 | 407 | 398 | ||
Deferred income | 1 | 1 | 2 | ||
Other | 257 | 283 | 273 | ||
Total current liabilities | 2,019 | 2,068 | 1,703 | ||
Total equity and liabilities | 2,647 | 2,658 | 2,013 | ||
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 1,553 | 1,490 | |||
Non-current employee benefits | 684 | 702 | 717 | ||
Other | 44 | 55 | 180 | ||
Total non-current liabilities | 2,282 | 2,247 | 897 | ||
Current lease liabilities | 529 | 422 | |||
Fixed assets payable | 135 | 135 | 138 | ||
Trade payables | 848 | 763 | 917 | ||
Customer contract liabilities | 119 | 126 | 129 | ||
Current employee benefits | 374 | 411 | 471 | ||
Deferred income | 6 | 7 | 7 | ||
Other | 900 | 846 | 833 | ||
Total current liabilities | 2,911 | 2,711 | 2,495 | ||
Total equity and liabilities | 5,193 | 4,958 | 3,392 | ||
Elimination of intersegment amounts and unallocated amounts [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Equity | 37,251 | 34,428 | 33,151 | ||
Non-current employee benefits | 0 | ||||
Non-current liabilities included in the calculation of net financial debt | 30,858 | 33,562 | 27,461 | ||
Other | 990 | 849 | 791 | ||
Total non-current liabilities | 31,847 | 34,411 | 28,252 | ||
Fixed assets payable | (1) | (1) | (1) | ||
Trade payables | (761) | (773) | (633) | ||
Customer contract liabilities | (27) | (15) | (16) | ||
Current employee benefits | 0 | ||||
Deferred income | 0 | 0 | |||
Current liabilities included in the calculation of net financial debt | 5,207 | 3,950 | 7,403 | ||
Other | 80 | 341 | 382 | ||
Total current liabilities | 4,498 | 3,501 | 7,135 | ||
Total equity and liabilities | 73,596 | 72,340 | 68,538 | ||
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | |||||
Disclosure of operating segments [line items] | |||||
Other | (27) | (27) | (27) | ||
Total non-current liabilities | (27) | (27) | (27) | ||
Trade payables | (55) | (24) | (34) | ||
Customer contract liabilities | (1) | 0 | |||
Current liabilities included in the calculation of net financial debt | (2) | (3) | |||
Other | (2) | 0 | |||
Total current liabilities | (61) | (28) | (34) | ||
Total equity and liabilities | (88) | (55) | (61) | ||
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Equity | (213) | (16) | 98 | ||
Non-current lease liabilities | 31 | 29 | |||
Non-current employee benefits | 8 | 9 | 8 | ||
Other | 110 | 109 | 98 | ||
Total non-current liabilities | 150 | 147 | 106 | ||
Current lease liabilities | 5 | 4 | |||
Trade payables | 120 | 125 | 135 | ||
Current employee benefits | 27 | 6 | 8 | ||
Other | 3,715 | 4,638 | 5,067 | ||
Total current liabilities | 3,867 | 4,773 | 5,210 | ||
Total equity and liabilities | € 3,804 | € 4,904 | € 5,414 |
Segment information - Segment_8
Segment information - Segment equity and liabilities - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of operating segments [line items] | |||
Current financial liabilities related to Mobile Financial Services activities | € 3,128 | € 4,279 | € 4,835 |
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Non-current financial liabilities | 27 | 101 | 90 |
Current financial liabilities related to Mobile Financial Services activities | € 3,128 | € 4,280 | € 4,835 |
Segment information - Simplifie
Segment information - Simplified statement of cash flows on telecommunication and banking activities - Tabular disclosure (Details) - EUR (€) € in Millions | Nov. 13, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Cash flows from (used in) operating activities [abstract] | ||||
Consolidated net income | € 5,055 | € 3,222 | € 2,158 | |
Non-monetary items and reclassified items for presentation | 10,310 | 12,221 | 11,497 | |
Adjustments to reconcile profit (loss) [abstract] | ||||
Decrease (increase) in inventories, gross | 72 | 69 | (152) | |
Decrease (increase) in trade receivables, gross | (488) | (45) | (97) | |
Increase (decrease) in trade payables | (122) | (85) | 177 | |
Changes in other customer contract assets and liabilities | (41) | (60) | 12 | |
Changes in other assets and liabilities | (62) | (813) | (176) | |
Operating taxes and levies paid | (1,929) | (1,939) | (1,777) | |
Dividends received | 6 | 17 | 51 | |
Interest paid and interest rates effects on derivatives, net | (1,264) | (1,318) | (1,259) | |
Tax dispute for fiscal years 2005-2006 | € 2,246 | 2,246 | ||
Income tax paid excluding the effect of the tax litigation for years 2005-2006 | (1,086) | (1,079) | (928) | |
Net cash provided by operating activities | 12,697 | 10,190 | 9,506 | |
Cash flows from (used in) investing activities [abstract] | ||||
Purchases and sales of property, plant and equipment and intangible assets | (7,176) | (7,582) | (7,692) | |
Purchases of property, plant and equipment and intangible assets | (8,546) | (8,422) | (7,642) | |
Repayments of lease liabilities | 1,398 | 1,429 | ||
Elimination of telecommunication licenses paid | 351 | 334 | 422 | |
Increase (decrease) in fixed assets payables | 958 | 179 | (289) | |
Investing donations received in advance | 39 | 32 | 47 | |
Sales of property, plant and equipment and intangible assets | 374 | 628 | 192 | |
Cash paid for investment securities, net of cash acquired | (49) | (559) | (284) | |
Investments in associates and joint ventures | (7) | (2) | (6) | |
Purchases of equity securities measured at fair value | (67) | (44) | (104) | |
Sales of investment securities, net of cash transferred | 19 | 529 | 110 | |
Decrease (increase) in securities and other financial assets | 1,716 | (1,711) | (576) | |
Net cash used in investing activities | (5,564) | (9,370) | (8,552) | |
Cash flows from (used in) financing activities [abstract] | ||||
Repayments of lease liabilities | (1,398) | (1,429) | ||
Other proceeds (purchases) from treasury shares | 7 | (7) | 3 | |
Capital increase (decrease) - non-controlling interests | 2 | 79 | 68 | |
Dividends paid to owners of the parent company | (1,595) | (1,857) | (1,860) | |
Dividends paid to non-controlling interests | (226) | (243) | (246) | |
Medium and long-term debt issuances | 2,694 | 8,351 | 5,214 | |
Medium and long-term debt redemptions and repayments | (3,476) | (4,650) | (4,095) | |
Increase (decrease) of bank overdrafts and short-term borrowings including redemption of subordinated notes reclassified in 2019 as short-term borrowings | (413) | (945) | (43) | |
Variation nette des dpts de cash collateral | (747) | 590 | 208 | |
Exchange rates effects on derivatives, net | 37 | 26 | 7 | |
Subordinated notes issuances (purchases) and other related fees | (12) | 419 | ||
Coupon on subordinated notes | (280) | (276) | (280) | |
Purchases of treasury shares - Orange Vision 2020 free share award plan | (27) | (101) | ||
Changes in ownership interests with no gain / loss of control | (3) | (7) | (6) | |
Net cash used in financing activities | (5,410) | 24 | (1,131) | |
Effect of exchange rate changes on cash and cash equivalents [abstract] | ||||
Cash and cash equivalents in the opening balance | 6,481 | 5,634 | 5,810 | |
Cash change in cash and cash equivalents | 1,724 | 844 | (177) | |
Effect of exchange rates changes on cash and cash equivalents and other non-monetary effects | (59) | 3 | 1 | |
Cash and cash equivalents in the closing balance | 8,145 | 6,481 | 5,634 | |
Adjustments for current tax of prior periods | € (2,246) | (2,246) | ||
Elimination of intersegment amounts [member] | ||||
Cash flows from (used in) operating activities [abstract] | ||||
Non-monetary items and reclassified items for presentation | 1 | 1 | ||
Adjustments to reconcile profit (loss) [abstract] | ||||
Decrease (increase) in trade receivables, gross | 23 | (10) | 25 | |
Increase (decrease) in trade payables | (22) | 10 | (25) | |
Changes in other customer contract assets and liabilities | (1) | 0 | ||
Interest paid and interest rates effects on derivatives, net | (1) | (1) | ||
Net cash provided by operating activities | (1) | |||
Cash flows from (used in) investing activities [abstract] | ||||
Decrease (increase) in securities and other financial assets | (2) | 3 | (152) | |
Net cash used in investing activities | (2) | 3 | (152) | |
Cash flows from (used in) financing activities [abstract] | ||||
Increase (decrease) of bank overdrafts and short-term borrowings including redemption of subordinated notes reclassified in 2019 as short-term borrowings | 2 | (3) | 152 | |
Net cash used in financing activities | 2 | (3) | 152 | |
Telecom activities, operating segment [member] | Operating segments [member] | ||||
Cash flows from (used in) operating activities [abstract] | ||||
Consolidated net income | 5,252 | 3,407 | 2,326 | |
Non-monetary items and reclassified items for presentation | 10,238 | 12,128 | 11,457 | |
Adjustments to reconcile profit (loss) [abstract] | ||||
Decrease (increase) in inventories, gross | 72 | 69 | (152) | |
Decrease (increase) in trade receivables, gross | (483) | (34) | (122) | |
Increase (decrease) in trade payables | (85) | (92) | 158 | |
Changes in other customer contract assets and liabilities | (40) | (59) | 12 | |
Changes in other assets and liabilities | 36 | (87) | (95) | |
Operating taxes and levies paid | (1,931) | (1,939) | (1,776) | |
Dividends received | 6 | 17 | 51 | |
Interest paid and interest rates effects on derivatives, net | (1,265) | (1,317) | (1,259) | |
Tax dispute for fiscal years 2005-2006 | 2,246 | |||
Income tax paid excluding the effect of the tax litigation for years 2005-2006 | (1,085) | (1,079) | (928) | |
Net cash provided by operating activities | 12,961 | 11,014 | 9,672 | |
Cash flows from (used in) investing activities [abstract] | ||||
Purchases and sales of property, plant and equipment and intangible assets | (7,146) | (7,555) | (7,655) | |
Purchases of property, plant and equipment and intangible assets | (8,516) | (8,394) | (7,606) | |
Repayments of lease liabilities | 1,394 | 1,426 | ||
Repayments of finance lease liabilities | 123 | |||
Repayments of debts relating to financed assets | 60 | 17 | ||
Elimination of telecommunication licenses paid | 351 | 334 | 422 | |
Increase (decrease) in fixed assets payables | 958 | 179 | (288) | |
Investing donations received in advance | 39 | 32 | 47 | |
Sales of property, plant and equipment and intangible assets | 374 | 628 | 192 | |
Cash paid for investment securities, net of cash acquired | (16) | (559) | (284) | |
Investments in associates and joint ventures | (7) | (2) | (6) | |
Purchases of equity securities measured at fair value | (65) | (39) | (90) | |
Sales of investment securities, net of cash transferred | 5 | 529 | 110 | |
Decrease (increase) in securities and other financial assets | 1,596 | (2,082) | (501) | |
Net cash used in investing activities | (5,634) | (9,707) | (8,426) | |
Cash flows from (used in) financing activities [abstract] | ||||
Repayments of lease liabilities | (1,394) | (1,426) | ||
Other proceeds (purchases) from treasury shares | 7 | (7) | 3 | |
Capital increase (decrease) - non-controlling interests | (195) | (108) | (87) | |
Dividends paid to owners of the parent company | (1,595) | (1,857) | (1,860) | |
Dividends paid to non-controlling interests | (225) | (243) | (246) | |
Medium and long-term debt issuances | 2,694 | 8,351 | 5,214 | |
Medium and long-term debt redemptions and repayments | (3,476) | (4,650) | (4,095) | |
Increase (decrease) of bank overdrafts and short-term borrowings including redemption of subordinated notes reclassified in 2019 as short-term borrowings | (299) | (1,082) | (251) | |
Variation nette des dpts de cash collateral | (749) | 609 | 203 | |
Exchange rates effects on derivatives, net | 37 | 26 | 7 | |
Subordinated notes issuances (purchases) and other related fees | (12) | 419 | ||
Coupon on subordinated notes | (280) | (276) | (280) | |
Purchases of treasury shares - Orange Vision 2020 free share award plan | (27) | (101) | ||
Changes in ownership interests with no gain / loss of control | (3) | (7) | (6) | |
Net cash used in financing activities | (5,490) | (278) | (1,499) | |
Effect of exchange rate changes on cash and cash equivalents [abstract] | ||||
Cash and cash equivalents in the opening balance | 6,112 | 5,081 | 5,333 | |
Cash change in cash and cash equivalents | 1,839 | 1,029 | (253) | |
Effect of exchange rates changes on cash and cash equivalents and other non-monetary effects | (59) | 3 | 1 | |
Cash and cash equivalents in the closing balance | 7,891 | 6,112 | 5,081 | |
Adjustments for current tax of prior periods | (2,246) | |||
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Cash flows from (used in) operating activities [abstract] | ||||
Consolidated net income | (196) | (185) | (168) | |
Non-monetary items and reclassified items for presentation | 70 | 91 | 40 | |
Adjustments to reconcile profit (loss) [abstract] | ||||
Decrease (increase) in trade receivables, gross | (28) | (1) | ||
Increase (decrease) in trade payables | (14) | (3) | 44 | |
Changes in other assets and liabilities | (98) | (726) | (81) | |
Operating taxes and levies paid | 2 | 0 | (1) | |
Interest paid and interest rates effects on derivatives, net | 2 | 0 | ||
Income tax paid excluding the effect of the tax litigation for years 2005-2006 | (1) | |||
Income tax (paid) | 0 | |||
Net cash provided by operating activities | (263) | (824) | (166) | |
Cash flows from (used in) investing activities [abstract] | ||||
Purchases and sales of property, plant and equipment and intangible assets | (30) | (28) | (37) | |
Purchases of property, plant and equipment and intangible assets | (30) | (28) | (36) | |
Repayments of lease liabilities | 4 | 4 | ||
Increase (decrease) in fixed assets payables | 0 | (1) | ||
Cash paid for investment securities, net of cash acquired | (32) | |||
Purchases of equity securities measured at fair value | (1) | (5) | (14) | |
Sales of investment securities, net of cash transferred | 14 | |||
Decrease (increase) in securities and other financial assets | 121 | 368 | 77 | |
Net cash used in investing activities | 72 | 335 | 26 | |
Cash flows from (used in) financing activities [abstract] | ||||
Repayments of lease liabilities | (4) | (4) | ||
Capital increase (decrease) - non-controlling interests | 197 | 187 | 155 | |
Dividends paid to non-controlling interests | (1) | |||
Increase (decrease) of bank overdrafts and short-term borrowings including redemption of subordinated notes reclassified in 2019 as short-term borrowings | (116) | 140 | 56 | |
Variation nette des dpts de cash collateral | 1 | (19) | 5 | |
Net cash used in financing activities | 78 | 305 | 216 | |
Effect of exchange rate changes on cash and cash equivalents [abstract] | ||||
Cash and cash equivalents in the opening balance | 369 | 553 | 477 | |
Cash change in cash and cash equivalents | (115) | (185) | 76 | |
Cash and cash equivalents in the closing balance | € 254 | € 369 | € 553 |
Segment information - Simplif_2
Segment information - Simplified statement of cash flows on telecommunication and Orange Bank activities - Additional information (Details) - EUR (€) € in Millions | Nov. 13, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of operating segments [line items] | ||||
Interests paid on lease liabilities | € (131) | € (104) | ||
Interests paid on financed asset liabilities | (1) | (1) | ||
Significant litigations paid and received | (2,217) | 5 | € (174) | |
Telecommunication licenses paid | (351) | (334) | (422) | |
Repayments of debts relating to financed assets | (60) | (17) | (123) | |
Capital increase (decrease) - non-controlling interests | 2 | 79 | 68 | |
Tax dispute for fiscal years 2005-2006 | € 2,246 | 2,246 | ||
Orange Bank [member] | ||||
Disclosure of operating segments [line items] | ||||
Capital increase (decrease) - non-controlling interests | 197 | 122 | 101 | |
Telecom activities, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Significant litigations paid and received | 2,217 | 5 | (174) | |
Telecommunication licenses paid | (351) | (334) | (422) | |
Finance leases liabilities repayments | (123) | |||
Capital increase (decrease) - non-controlling interests | (195) | € (108) | € (87) | |
Tax dispute for fiscal years 2005-2006 | € 2,246 |
Segment information - Organic c
Segment information - Organic cash flow from telecom activities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of operating segments [line items] | |||
Net cash provided by operating activities (telecom activities) | € 12,697 | € 10,190 | € 9,506 |
Purchases and sales of property, plant and equipment and intangible assets | (7,176) | (7,582) | (7,692) |
Lease liabilities repayment | (1,398) | (1,429) | |
Elimination of telecommunication licenses paid | 351 | 334 | 422 |
Elimination of significant litigation paid (and received) | 2,217 | (5) | 174 |
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Net cash provided by operating activities (telecom activities) | 12,961 | 11,014 | 9,672 |
Lease liabilities repayment | (1,394) | (1,426) | |
Finance leases liabilities repayments | (123) | ||
Debts relating to financed assets repayments | (60) | (17) | |
Elimination of telecommunication licenses paid | 351 | 334 | 422 |
Elimination of significant litigation paid (and received) | (2,217) | (5) | 174 |
Organic cash flow from telecom activities | € 2,494 | € 2,345 | € 2,490 |
Description of business and b_3
Description of business and basis of preparation of the consolidated financial statements - IFRS 16 - Effects on the consolidated income statement (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of initial application of standards or interpretations [line items] | |||
Revenue | € 42,270 | € 42,238 | € 41,381 |
External purchases | 17,691 | 17,860 | 18,563 |
Other operating income | 604 | 720 | 580 |
Other operating expenses | (789) | (599) | (505) |
Labor expenses | (8,490) | (8,494) | (9,074) |
Operating taxes and levies | (1,924) | (1,827) | (1,840) |
Gains (losses) on disposal of fixed assets, investments and activities | 228 | 277 | 197 |
Restructuring costs | (25) | (132) | (189) |
Depreciation and amortization of fixed assets | (7,134) | (7,110) | (7,047) |
Depreciation and amortization of financed assets | (55) | (14) | |
Depreciation and amortization of right-of-use assets | (1,384) | (1,274) | |
Reclassification of translation adjustment from liquidated entities | 12 | 1 | |
Impairment of goodwill | (54) | (56) | |
Impairment of fixed assets | (30) | 73 | (49) |
Impairment of financed assets | 30 | (73) | 49 |
Impairment of right-of-use assets | 57 | 33 | |
Share of profits (losses) of associates and joint ventures | (2) | 8 | 3 |
Operating income | 5,521 | 5,930 | 4,829 |
Cost of gross financial debt except financed assets | (1,099) | (1,108) | (1,341) |
Interests on debts related to financed assets | (1) | (1) | |
Gains (losses) on assets contributing to net financial debt | (1) | 5 | 9 |
Foreign exchange gain (loss) | (103) | 76 | (4) |
Interests on lease liabilities | (120) | (129) | |
Other net financial expenses | 11 | 15 | 25 |
Effects resulting from BT stake | (119) | (51) | |
Finance costs, net | (1,314) | (1,261) | (1,362) |
Income tax | 848 | (1,447) | (1,309) |
Consolidated net income | € (5,055) | (3,222) | € (2,158) |
Previously stated | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Revenue | 42,238 | ||
External purchases | 17,897 | ||
Other operating income | 720 | ||
Other operating expenses | (599) | ||
Labor expenses | (8,494) | ||
Operating taxes and levies | (1,827) | ||
Gains (losses) on disposal of fixed assets, investments and activities | 277 | ||
Restructuring costs | (132) | ||
Depreciation and amortization of fixed assets | (7,110) | ||
Depreciation and amortization of financed assets | (14) | ||
Depreciation and amortization of right-of-use assets | (1,239) | ||
Reclassification of translation adjustment from liquidated entities | 12 | ||
Impairment of goodwill | (54) | ||
Impairment of fixed assets | 73 | ||
Impairment of right-of-use assets | 33 | ||
Share of profits (losses) of associates and joint ventures | 8 | ||
Operating income | 5,927 | ||
Cost of gross financial debt except financed assets | (1,108) | ||
Interests on debts related to financed assets | (1) | ||
Gains (losses) on assets contributing to net financial debt | 5 | ||
Foreign exchange gain (loss) | 76 | ||
Interests on lease liabilities | (122) | ||
Other net financial expenses | 15 | ||
Effects resulting from BT stake | (119) | ||
Finance costs, net | (1,254) | ||
Income tax | (1,447) | ||
Consolidated net income | (3,226) | ||
Increase decrease due to application of Ifrs IC decision | |||
Disclosure of initial application of standards or interpretations [line items] | |||
External purchases | (37) | ||
Depreciation and amortization of right-of-use assets | (35) | ||
Operating income | 2 | ||
Interests on lease liabilities | (6) | ||
Finance costs, net | (6) | ||
Income tax | 1 | ||
Consolidated net income | € 3 |
Description of business and b_4
Description of business and basis of preparation of the consolidated financial statements - IFRS 16 - Impact on the consolidated financial position (Details) - EUR (€) € in Millions | Jan. 01, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of initial application of standards or interpretations [line items] | |||||
Property, plant and equipment | € 27,119 | € 29,075 | € 28,423 | € 27,693 | € 26,665 |
Right-of-use assets | 6,792 | 7,009 | 6,700 | 6,790 | |
Deferred tax assets | 2,893 | 731 | 992 | 1,366 | |
Total non-current assets | 82,446 | 82,639 | 81,753 | 74,701 | |
Current prepaid expenses | 536 | 850 | 730 | 571 | 455 |
Total current assets | 21,855 | 25,094 | 24,987 | 21,891 | |
Total assets | 104,302 | 107,733 | 106,741 | 96,592 | |
o/w reserves | (2,060) | (1,075) | |||
o/w net income | 1,954 | 4,822 | 3,004 | 1,954 | |
o/w translation adjustment | 15 | (256) | 78 | 15 | |
Equity attributable to owners of the parent company | 30,671 | 34,395 | 31,725 | 30,669 | |
o/w reserves | 2,357 | 2,452 | |||
o/w net income | 204 | 233 | 218 | 204 | |
o/w translation adjustment | 237 | 171 | 251 | 237 | |
Non-controlling interests | 2,580 | 2,643 | 2,687 | 2,580 | |
Total equity | 33,251 | 37,038 | 34,412 | 33,249 | 33,512 |
Non-current financial liabilities | 26,322 | 30,089 | 33,148 | 26,749 | |
Non-current lease liabilities | 5,609 | 5,875 | 5,593 | ||
Non-current dismantling provision | 766 | 885 | 812 | 765 | |
Non-current restructuring provision | 118 | 53 | 96 | 230 | |
Deferred tax liabilities | 2,156 | 855 | 703 | 631 | |
Total non-current liabilities | 39,644 | 42,401 | 44,561 | 33,047 | |
Current financial liabilities | 7,103 | 5,170 | 3,925 | 7,270 | |
Current lease liabilities | 1,363 | 1,496 | 1,339 | ||
Trade payables | 6,697 | 6,475 | 6,682 | 6,736 | € 6,527 |
Current restructuring provision | 128 | 64 | 120 | 159 | |
Other current liabilities | 1,774 | 2,267 | 2,095 | 1,788 | |
Total current liabilities | 31,407 | 28,294 | 27,767 | 30,296 | |
Total equity and liabilities | 104,302 | 107,733 | 106,741 | 96,592 | |
Replacement value of leased assets for which exemption has been used, maximum | 5,000 | ||||
Gross carrying amount [member] | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Property, plant and equipment | 103,915 | ||||
Right-of-use assets | 9,999 | ||||
Accumulated depreciation and amortisation [member] | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Property, plant and equipment | (74,456) | ||||
Right-of-use assets | (2,757) | ||||
Accumulated impairment [member] | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Property, plant and equipment | (384) | ||||
Right-of-use assets | € (233) | ||||
Previously stated | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Property, plant and equipment | 27,693 | ||||
Deferred tax assets | 1,366 | ||||
Total non-current assets | 74,701 | ||||
Current prepaid expenses | 571 | ||||
Total current assets | 21,891 | ||||
Total assets | 96,592 | ||||
o/w reserves | (2,062) | ||||
o/w net income | 1,954 | ||||
o/w translation adjustment | 15 | ||||
Equity attributable to owners of the parent company | 30,669 | ||||
o/w reserves | 2,357 | ||||
o/w net income | 204 | ||||
o/w translation adjustment | 237 | ||||
Non-controlling interests | 2,580 | ||||
Total equity | 33,249 | ||||
Non-current financial liabilities | 26,749 | ||||
Non-current dismantling provision | 765 | ||||
Non-current restructuring provision | 230 | ||||
Deferred tax liabilities | 631 | ||||
Total non-current liabilities | 33,047 | ||||
Current financial liabilities | 7,270 | ||||
Trade payables | 6,736 | ||||
Current restructuring provision | 159 | ||||
Other current liabilities | 1,788 | ||||
Total current liabilities | 30,296 | ||||
Total equity and liabilities | 96,592 | ||||
Increase (decrease) due to application of IFRS 16 [member] | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Property, plant and equipment | 1,304 | (574) | |||
Right-of-use assets | (86) | 6,349 | |||
Deferred tax assets | (1,902) | 1,527 | |||
Total non-current assets | (688) | 7,303 | |||
Current prepaid expenses | 195 | (36) | |||
Total current assets | 3,132 | (36) | |||
Total assets | 2,444 | 7,267 | |||
o/w reserves | 987 | 2 | |||
o/w net income | 3,006 | ||||
o/w translation adjustment | 64 | ||||
Equity attributable to owners of the parent company | 1,056 | 2 | |||
o/w reserves | 97 | ||||
o/w net income | 220 | ||||
o/w translation adjustment | 14 | ||||
Non-controlling interests | 108 | ||||
Total equity | 1,164 | 2 | |||
Non-current financial liabilities | 6,826 | (427) | |||
Non-current lease liabilities | (14) | 5,239 | |||
Non-current dismantling provision | 45 | ||||
Non-current restructuring provision | (23) | (112) | |||
Deferred tax liabilities | (1,453) | 1,525 | |||
Total non-current liabilities | 4,919 | 6,226 | |||
Current financial liabilities | (3,177) | (167) | |||
Current lease liabilities | (24) | 1,291 | |||
Trade payables | (15) | (39) | |||
Current restructuring provision | (7) | (31) | |||
Other current liabilities | 321 | (15) | |||
Total current liabilities | (3,640) | 1,039 | |||
Total equity and liabilities | 2,444 | € 7,267 | |||
Increase decrease due to application of Ifrs IC decision | |||||
Disclosure of initial application of standards or interpretations [line items] | |||||
Right-of-use assets | 443 | (6) | |||
Deferred tax assets | 1 | ||||
Total non-current assets | 443 | (5) | |||
Total assets | 443 | (5) | |||
o/w reserves | (2) | ||||
o/w net income | (2) | ||||
o/w translation adjustment | 0 | ||||
Equity attributable to owners of the parent company | (2) | ||||
o/w reserves | (2) | ||||
o/w net income | (2) | ||||
o/w translation adjustment | 0 | ||||
Non-controlling interests | (2) | ||||
Total equity | (3) | ||||
Non-current lease liabilities | 369 | (2) | |||
Non-current dismantling provision | 1 | 0 | |||
Total non-current liabilities | 371 | (2) | |||
Current lease liabilities | 72 | ||||
Total current liabilities | 72 | ||||
Total equity and liabilities | € 443 | € (5) |
Description of business and b_5
Description of business and basis of preparation of the consolidated financial statements - IFRS 16 - Impact on consolidated shareholders' equity (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Description of business and basis of preparation of consolidated financial statements [abstract] | |||
Lease liabilities | € 7,371 | € 6,932 | € 6,531 |
Replacement value of leased assets for which exemption has been used, maximum | € 5,000 |
Description of business and b_6
Description of business and basis of preparation of the consolidated financial statements - Intra group transactions (Details) € in Millions | Dec. 31, 2020EUR (€) |
Currency swap contract [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Notional amount | € 348 |
Interest rate swap contract [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Notional amount | 573 |
Adjustments for Early Adoption Of Amendments To IFRS 9, IFRS7 and IAS 39, Interest Rate Benchmark Reform [Member] | Perpetual bonds redeemable for shares [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Notional amount | € 633 |
Description of business and b_7
Description of business and basis of preparation of the consolidated financial statements - IFRS 16 - Effects on the Cash flow (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of initial application of standards or interpretations [line items] | |||
Consolidated net income | € 5,055 | € 3,222 | € 2,158 |
Cash flows from (used in) operating activities [abstract] | |||
Non-monetary items and reclassified items for presentation | 10,310 | 12,221 | 11,497 |
Depreciation and amortization of right-of-use assets | 1,384 | 1,275 | |
Finance costs, net | 1,314 | 1,261 | 1,362 |
Other net cash out | (2,028) | (4,319) | (3,913) |
Interest paid and interest rates effects on derivatives, net | (1,264) | (1,318) | (1,259) |
Net cash provided by operating activities | 12,697 | 10,190 | 9,506 |
Cash flows from (used in) investing activities [abstract] | |||
Net cash used in investing activities | (5,564) | (9,370) | (8,552) |
Cash flows from (used in) financing activities [abstract] | |||
Payments of lease liabilities | (1,398) | (1,429) | |
Net cash used in financing activities | (5,410) | 24 | (1,131) |
Cash change in cash and cash equivalents | 1,724 | 844 | (177) |
Effect of exchange rate changes on cash and cash equivalents [abstract] | |||
Cash and cash equivalents in the opening balance | 6,481 | 5,634 | 5,810 |
Cash change in cash and cash equivalents | 1,724 | 844 | (177) |
Non-cash change in cash and cash equivalents | (59) | 3 | 1 |
Cash and cash equivalents in the closing balance | 8,145 | 6,481 | 5,634 |
Previously stated | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Consolidated net income | 3,226 | ||
Cash flows from (used in) operating activities [abstract] | |||
Depreciation and amortization of right-of-use assets | 1,239 | ||
Finance costs, net | 1,254 | ||
Interest paid and interest rates effects on derivatives, net | (1,312) | ||
Net cash provided by operating activities | 10,159 | ||
Cash flows from (used in) investing activities [abstract] | |||
Net cash used in investing activities | (9,370) | ||
Cash flows from (used in) financing activities [abstract] | |||
Payments of lease liabilities | (1,398) | ||
Net cash used in financing activities | 55 | ||
Cash change in cash and cash equivalents | 844 | ||
Effect of exchange rate changes on cash and cash equivalents [abstract] | |||
Cash and cash equivalents in the opening balance | € 6,481 | 5,634 | |
Cash change in cash and cash equivalents | 844 | ||
Non-cash change in cash and cash equivalents | 3 | ||
Cash and cash equivalents in the closing balance | 6,481 | € 5,634 | |
Increase decrease due to application of Ifrs IC decision | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Consolidated net income | (3) | ||
Cash flows from (used in) operating activities [abstract] | |||
Depreciation and amortization of right-of-use assets | 35 | ||
Finance costs, net | 6 | ||
Interest paid and interest rates effects on derivatives, net | (6) | ||
Net cash provided by operating activities | 31 | ||
Cash flows from (used in) financing activities [abstract] | |||
Payments of lease liabilities | (31) | ||
Net cash used in financing activities | € (31) |
Impacts of the health crisis _2
Impacts of the health crisis related to the Covid-19 pandemic (Details) € in Millions | 12 Months Ended |
Dec. 31, 2020EUR (€) | |
Disclosure of operating segments [line items] | |
Purchases of equipment relating to the health and safety of employees | € (72) |
Donations and sponsorships | (9) |
Labor expenses, payment to certain employees of specific bonuses related to the health crisis | (10) |
Increases of trade receivables depreciation | (144) |
FRANCE | |
Disclosure of operating segments [line items] | |
Amount of fixed costs from suppliers partly offset | (19) |
Amount of fixed costs from suppliers recorded in investments | (24) |
Telecom activities, operating segment [member] | Operating segments [member] | |
Disclosure of operating segments [line items] | |
Increases of trade receivables depreciation | (129) |
Orange Bank, operating segment [member] | Operating segments [member] | |
Disclosure of operating segments [line items] | |
Increases of trade receivables depreciation | € (15) |
Gains and losses on disposal _3
Gains and losses on disposal and main changes in scope of consolidation - Gains (losses) on disposal of fixed assets, investments and activities - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about business combination [abstract] | |||
Gains (losses) on disposal of fixed assets | € 221 | € 303 | € 180 |
Gains (losses) on disposal of investments and activities | 7 | (26) | 17 |
Gains (losses) on disposal of fixed assets, investments and activities | € 228 | € 277 | € 197 |
Gains and losses on disposal _4
Gains and losses on disposal and main changes in scope of consolidation - Squeeze-out offer (Details) - Business and Decision [member] - EUR (€) € in Millions | May 28, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Jul. 19, 2018 | Jun. 05, 2018 |
Disclosure of detailed information about business combination [line items] | |||||
Percentage of ownership interest aimed to acquire at public offer | 6.38% | ||||
Acquisition cost | € 4 | € 3 | € 4 | € 50 | |
Ownership interest held | 100.00% |
Gains and losses on disposal _5
Gains and losses on disposal and main changes in scope of consolidation - General information (Details) - EUR (€) € in Millions | Nov. 22, 2019 | Jul. 19, 2018 | Jun. 19, 2018 | Dec. 31, 2019 | Dec. 31, 2020 | Jul. 08, 2019 | Jan. 31, 2019 | Aug. 14, 2018 | Jun. 05, 2018 |
Orange Niger [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Percentage of equity interest sold | 95.50% | ||||||||
SecureLink [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Percentage of voting equity interests acquired (as a percent) | 100.00% | ||||||||
Acquisition cost | € 377 | ||||||||
Goodwill recognized | 392 | ||||||||
Purchase consideration for acquiring remaining capital | € 377 | ||||||||
SecureData [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Percentage of voting equity interests acquired (as a percent) | 100.00% | ||||||||
Acquisition cost | € 100 | ||||||||
Goodwill recognized | 97 | ||||||||
Purchase consideration for acquiring remaining capital | € 100 | ||||||||
Basefarm Holding AS [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Percentage of voting equity interests acquired (as a percent) | 100.00% | ||||||||
Acquisition cost | € 234 | ||||||||
Goodwill recognized | 224 | ||||||||
Purchase consideration for acquiring remaining capital | € 234 | ||||||||
Business and Decision [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Capital stake equity interests acquired (as a percent) | 88.20% | 93.60% | 81.80% | ||||||
Acquisition cost | € 4 | € 3 | € 4 | € 50 | |||||
Capital stake equity interests to be acquired (as a percent) | 4.90% | ||||||||
Capital stake equity interests acquired during the period (as a percent) | 6.40% | 5.40% | |||||||
Ownership including reciprocal promises (as a percent) | 93.10% | ||||||||
Goodwill recognized | 29 | ||||||||
Purchase consideration for acquiring remaining capital | € 4 | € 3 | € 4 | € 50 |
Gains and losses on disposal _6
Gains and losses on disposal and main changes in scope of consolidation - Cash paid for investments, net of cash acquired (Details) - EUR (€) € in Millions | Jul. 08, 2019 | Jan. 31, 2019 | Aug. 14, 2018 | Jun. 05, 2018 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jul. 19, 2018 |
Disclosure of detailed information about business combination [line items] | ||||||||
Cash paid for investment securities, net of cash acquired | € 49 | € 559 | € 284 | |||||
SecureLink [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Acquisition cost | € 377 | |||||||
Cash acquired net of transaction costs | (6) | |||||||
Cash paid for investment securities, net of cash acquired | € 371 | 371 | ||||||
SecureData [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Acquisition cost | € 100 | |||||||
Cash acquired net of transaction costs | (5) | |||||||
Cash paid for investment securities, net of cash acquired | € 95 | 95 | ||||||
Basefarm Holding AS [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Acquisition cost | € 234 | |||||||
Cash acquired net of transaction costs | (4) | |||||||
Cash paid for investment securities, net of cash acquired | € 230 | 230 | ||||||
Business and Decision [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Acquisition cost | € 50 | € 4 | € 3 | € 4 | ||||
Cash acquired net of transaction costs | (18) | |||||||
Cash paid for investment securities, net of cash acquired | € 32 | € 36 |
Gains and losses on disposal _7
Gains and losses on disposal and main changes in scope of consolidation - Net assets acquired (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jul. 08, 2019 | Jan. 31, 2019 | Aug. 14, 2018 | Jul. 19, 2018 | Jun. 05, 2018 |
SecureLink [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Acquisition cost | € 377 | ||||||
Net book value acquired | (153) | ||||||
Net asset remeasured at fair value | (15) | ||||||
Goodwill | 392 | ||||||
SecureLink [member] | Net deferred tax liabilities [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, liabilities | (43) | ||||||
SecureLink [member] | Customer-related intangible assets [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, assets, net | € 181 | ||||||
SecureData [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Acquisition cost | € 100 | ||||||
Net book value acquired | (32) | ||||||
Net asset remeasured at fair value | 3 | ||||||
Goodwill | 97 | ||||||
SecureData [member] | Net deferred tax liabilities [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, liabilities | (8) | ||||||
SecureData [member] | Customer-related intangible assets [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, assets, net | € 43 | ||||||
Basefarm Holding AS [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Acquisition cost | € 234 | ||||||
Net book value acquired | (58) | ||||||
Net asset remeasured at fair value | 10 | ||||||
Goodwill | 224 | ||||||
Basefarm Holding AS [member] | Net deferred tax liabilities [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, liabilities | (25) | ||||||
Basefarm Holding AS [member] | Customer-related intangible assets [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, assets, net | 58 | ||||||
Basefarm Holding AS [member] | IFRS Trademarks [Member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, assets, net | 28 | ||||||
Basefarm Holding AS [member] | Other intangible assets [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, assets, net | € 7 | ||||||
Business and Decision [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Acquisition cost | € 4 | € 3 | € 4 | € 50 | |||
Fair value of non controlling interests | 12 | ||||||
Acquisition cost | 62 | ||||||
Net book value acquired | 7 | ||||||
Net asset remeasured at fair value | 33 | ||||||
Goodwill | 29 | ||||||
Business and Decision [member] | Net deferred tax liabilities [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, liabilities | (4) | ||||||
Business and Decision [member] | Customer-related intangible assets [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, assets, net | 18 | ||||||
Business and Decision [member] | IFRS Trademarks [Member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, assets, net | 8 | ||||||
Business and Decision [member] | Other intangible assets [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Effects of fair value measurement, assets, net | € 4 |
Gains and losses on disposal _8
Gains and losses on disposal and main changes in scope of consolidation - Depreciation (Details) | Jul. 08, 2019 | Jan. 31, 2019 | Aug. 14, 2018 | Jun. 05, 2018 | Dec. 31, 2020 |
Customer-related intangible assets [member] | Basefarm Holding AS [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Intangible assets, useful lives | 15 years | ||||
Customer-related intangible assets [member] | Business and Decision [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Intangible assets, useful lives | 10 years | ||||
IFRS Trademarks [Member] | Basefarm Holding AS [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Intangible assets, useful lives | 5 years | ||||
IFRS Trademarks [Member] | Business and Decision [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Intangible assets, useful lives | 7 years | ||||
Other intangible assets [member] | Basefarm Holding AS [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Intangible assets, useful lives | 7 years | ||||
Other intangible assets [member] | Business and Decision [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Intangible assets, useful lives | 9 years | ||||
Bottom of range [member] | Customer-related intangible assets [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Intangible assets, useful lives | 12 years | 12 years | 3 years | ||
Top of range [member] | Customer-related intangible assets [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Intangible assets, useful lives | 16 years | 16 years | 16 years |
Gains and losses on disposal _9
Gains and losses on disposal and main changes in scope of consolidation - Acquisitions - Revenue (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2018 | |
SecureLink [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Impact on revenues | € 154 | |
SecureData [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Impact on revenues | € 47 | |
Business and Decision [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Impact on revenues | € 108 |
Gains and losses on disposal_10
Gains and losses on disposal and main changes in scope of consolidation - Additional Information (Details) € / shares in Units, € in Millions | Jan. 22, 2021 | Dec. 02, 2020€ / shares | Nov. 09, 2020EUR (€) |
Orange Belgium [member] | |||
Disclosure of detailed information about business combination [line items] | |||
Percentage of ownership interest, voluntary public tender offer | 47.09 | ||
Voluntary public tender offer price per share | € / shares | € 22 | ||
Orange Concessions [member] | Disposal of major subsidiary [member] | |||
Disclosure of detailed information about business combination [line items] | |||
Percentage of equity interest sold | 50.00% | ||
Telekom Romania Communications | Orange Romania [member] | |||
Disclosure of detailed information about business combination [line items] | |||
Percentage of voting equity interests acquired (as a percent) | 54.00% | ||
Transaction price | € | € (268) |
Sales - Revenue (Details)
Sales - Revenue (Details) | 12 Months Ended |
Dec. 31, 2020item | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Terms of payment of discounted amount | 3 months |
Term of contractual clauses covering free offers | 3 months |
Number of wholesale commercial agreements | 3 |
Number of components of bundled offers | 2 |
Bottom of range [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Terms of contract | 12 months |
Top of range [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Terms of contract | 24 months |
Sales - Other operating income
Sales - Other operating income components (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Revenue [abstract] | |||
Proceeds from the disposal of fixed assets | € 221 | € 303 | € 180 |
Income from client collection | 101 | 110 | 84 |
Net banking income | 79 | 55 | 56 |
Rebilling of network sharing costs | 54 | 50 | 45 |
Tax credits and subsidies | 31 | 33 | 42 |
Income from universal service | 4 | 5 | 14 |
Other income | 336 | 466 | 339 |
Total | € 604 | € 720 | € 580 |
Sales - Trade receivables - Net
Sales - Trade receivables - Net book value reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenue [abstract] | ||||
Net book value of trade receivables in the opening balance | € 5,320 | € 5,295 | € 5,175 | |
IFRS 9 transition impact | € (22) | |||
Net book value of trade receivables - including IFRS 9 transition impact | 5,295 | |||
Business related variations | 379 | 1 | 65 | |
Changes in the scope of consolidation | 4 | 50 | 90 | |
Translation adjustment | (90) | 28 | (12) | |
Reclassifications and other items | 7 | (53) | (1) | |
Net book value of trade receivables in the closing balance | € 5,620 | € 5,320 | € 5,295 | € 5,175 |
Sales - Trade receivables - Add
Sales - Trade receivables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Revenue [abstract] | |||
Proceeds from the sale of receivables | € 640 | € 690 | € 615 |
Sales - Trade receivables - Cat
Sales - Trade receivables - Categories - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Revenue [abstract] | |||||
Net trade receivables depreciated according to their age | € 1,145 | € 1,233 | € 1,050 | ||
Net trade receivables depreciated according to other criteria | 400 | 579 | 600 | ||
Net trade receivables past due | 1,544 | 1,812 | 1,650 | ||
Not past due | 4,076 | 3,508 | 3,645 | ||
Net trade receivables | € 5,620 | € 5,320 | € 5,295 | € 5,153 | € 5,175 |
Sales - Trade receivables - Sho
Sales - Trade receivables - Short-term and long-term - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Revenue [abstract] | |||||
Net trade receivables | € 5,620 | € 5,320 | € 5,295 | € 5,153 | € 5,175 |
o/w short-term trade receivables | 5,382 | 5,044 | 4,995 | ||
o/w long-term trade receivables | € 238 | € 276 | € 300 |
Sales - Trade receivables - Seg
Sales - Trade receivables - Segments - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of operating segments [line items] | |||||
Net trade receivables | € 5,620 | € 5,320 | € 5,295 | € 5,153 | € 5,175 |
Telecom activities, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Net trade receivables | 5,620 | 5,320 | 5,295 | ||
Telecom activities, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Net trade receivables | 5,645 | 5,343 | € 5,329 | ||
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Net trade receivables | € 30 | € 1 |
Sales - Trade receivables - Not
Sales - Trade receivables - Not past due - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Revenue [abstract] | |||
IFRS 9 provision | € (56) | € (23) | € (25) |
Sales - Trade receivables - Lon
Sales - Trade receivables - Long-term trade receivables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2018 | |
Revenue [abstract] | ||
Long-term trade receivables, headset sales, installments, term, bottom of range | 12 months | |
Change in IFRS 9 provision | € 33 | € 3 |
Sales - Trade receivables - Agi
Sales - Trade receivables - Aging (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Net trade receivables past due and depreciated according to their age | € 1,145 | € 1,233 | € 1,050 |
Later than one month and not later than six months [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Net trade receivables past due and depreciated according to their age | 596 | 720 | 641 |
Later than six months and not later than one year [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Net trade receivables past due and depreciated according to their age | 213 | 305 | 206 |
Later than one year [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Net trade receivables past due and depreciated according to their age | € 335 | € 208 | € 203 |
Sales - Trade receivables - Imp
Sales - Trade receivables - Impairment (Details) € in Millions | 12 Months Ended |
Dec. 31, 2020EUR (€) | |
Disclosure of operating segments [line items] | |
Net addition with impact on income statement | € (383) |
Increases of trade receivables depreciation | (144) |
Telecom activities, operating segment [member] | Operating segments [member] | |
Disclosure of operating segments [line items] | |
Increases of trade receivables depreciation | € (129) |
Sales - Trade receivables - All
Sales - Trade receivables - Allowances reconciliation - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Revenue [abstract] | ||||
Opening balance | € (888) | € (816) | € (760) | |
FRS 9 transition impact | € (22) | |||
Allowances on trade receivables - including IFRS 9 transition impact | (782) | |||
Net addition with impact on income statement | (383) | (332) | (286) | |
Net addition with impact on income statement | (383) | |||
Losses on trade receivables | 275 | 271 | 255 | |
Changes in the scope of consolidation | 0 | (1) | (2) | |
Translation adjustment | 13 | (5) | (1) | |
Reclassifications and other items | 0 | (5) | 0 | |
Closing balance | € (983) | € (888) | € (816) | € (760) |
Sales - Trade receivables - A_2
Sales - Trade receivables - Allowances reconciliation - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2018 | |
Revenue [abstract] | ||
Change in IFRS 9 provision | € (33) | € (3) |
Sales - Trade receivables - Acc
Sales - Trade receivables - Accounting policies (Details) | 12 Months Ended |
Dec. 31, 2020item | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Number of methods of impairment of trade receivables | 3 |
Bottom of range [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Deferred payment terms | 12 months |
Top of range [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Deferred payment terms | 24 months |
Sales - Customer contract net a
Sales - Customer contract net assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [line items] | ||||
Customer contract net assets | € 709 | € 771 | € 784 | € 815 |
Total customer contract net assets | 1,236 | 1,209 | 1,166 | |
Prepaid telephone cards | (197) | (212) | (221) | |
Connection fees | (589) | (665) | (706) | |
Loyalty programs | (25) | (38) | (38) | |
Other deferred revenue | (1,158) | (1,163) | (1,025) | |
Other customer contract liabilities | (15) | (15) | (12) | |
Customer contract liabilities | (1,984) | (2,093) | (2,002) | (2,021) |
Total customer contract net assets and liabilities | (748) | (884) | (836) | |
Costs to obtain contracts with customers [member] | ||||
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [line items] | ||||
Cost to obtain or fulfil contracts with customers | 262 | 258 | 233 | 250 |
Costs to fulfil contracts with customers [member] | ||||
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [line items] | ||||
Cost to obtain or fulfil contracts with customers | € 265 | € 181 | € 149 | € 140 |
Sales - Reconciliation of custo
Sales - Reconciliation of customer contract net assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [abstract] | |||
Customer contract net assets at beginning of period | € 771 | € 784 | € 815 |
Business related variations | (60) | (13) | (36) |
Translation adjustment | (3) | 1 | (1) |
Reclassifications and other items | 0 | 0 | 6 |
Customer contract net assets at end of period | € 709 | € 771 | € 784 |
Sales - Reconciliation of costs
Sales - Reconciliation of costs of obtaining and to fulfill a contract (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Costs to obtain contracts with customers [member] | |||
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [line items] | |||
Cost to obtain or fulfil contracts with customers at beginning of period | € 258 | € 233 | € 250 |
Business related variations | 11 | 21 | (14) |
Changes in the scope of consolidation | 1 | ||
Translation adjustment | (7) | 1 | (3) |
Reclassifications and other items | 1 | 0 | |
Cost to obtain or fulfil contracts with customers at end of period | 262 | 258 | 233 |
Costs to fulfil contracts with customers [member] | |||
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [line items] | |||
Cost to obtain or fulfil contracts with customers at beginning of period | 181 | 149 | 140 |
Business related variations | 21 | 30 | 22 |
Translation adjustment | (12) | 2 | 3 |
Reclassifications and other items | 75 | (16) | |
Cost to obtain or fulfil contracts with customers at end of period | € 265 | € 181 | € 149 |
Sales - Reconciliation of defer
Sales - Reconciliation of deferred revenue related to customer contracts (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Revenue [abstract] | |||
Deferred revenue related to customer contracts at beginning of period | € 2,093 | € 2,002 | € 2,021 |
Business related variations | (73) | (20) | (18) |
Changes in the scope of consolidation | 101 | 7 | |
Translation adjustment | (31) | 13 | 2 |
Reclassifications and other items | (6) | (3) | (10) |
Deferred revenue related to customer contracts at end of period | € 1,984 | € 2,093 | € 2,002 |
Sales - Transaction price assig
Sales - Transaction price assigned to unfulfilled performance obligations (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | € 10,366 |
Not later than one year [member] | |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | 5,782 |
Later than one year and not later than two years [member] | |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | 2,570 |
Later than two years and not later than three years [member] | |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | 875 |
Later than three years and not later than four years [member] | |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | 520 |
Later than four years and not later than five years [member] | |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | 312 |
Later than five years [member] | |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | € 306 |
Sales - Deferred income - Recon
Sales - Deferred income - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Revenue [abstract] | |||
Deferred income in the opening balance | € 51 | € 58 | € 76 |
Business related variations | 115 | 0 | (42) |
Changes in the scope of consolidation | 0 | 2 | |
Translation adjustment | (3) | 0 | |
Reclassifications and other items | 1 | (6) | 22 |
Deferred income in the closing balance | € 165 | € 51 | € 58 |
Sales - Other assets - Componen
Sales - Other assets - Components (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Revenue [abstract] | ||||
Advances and down payments | € 116 | € 101 | € 84 | |
Submarine cable consortiums | 258 | 168 | 130 | |
Security deposits paid | 93 | 93 | 97 | |
Orange Money - isolation of electronic money | 825 | 613 | 497 | |
Others | 545 | 408 | 473 | |
Total | € 1,837 | € 1,383 | € 1,281 | € 1,204 |
Sales - Other assets - Reconcil
Sales - Other assets - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Revenue [abstract] | |||
Other assets in the opening balance | € 1,383 | € 1,281 | € 1,204 |
Business related variations | 495 | 97 | 74 |
Changes in the scope of consolidation | 0 | 0 | 7 |
Translation adjustment | (32) | 3 | 1 |
Reclassifications and other items | (9) | 2 | (5) |
Other assets in the closing balance | € 1,837 | € 1,383 | € 1,281 |
Sales - Other assets - Current
Sales - Other assets - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Revenue [abstract] | ||||
Total | € 1,837 | € 1,383 | € 1,281 | € 1,204 |
o/w other non-current assets | 136 | 125 | 129 | |
o/w other current assets | € 1,701 | € 1,258 | € 1,152 |
Purchases and other expenses -
Purchases and other expenses - External purchases components - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Commercial, equipments expenses and content rights | € (6,868) | € (7,293) | € (7,228) |
o/w costs of terminals and other equipment sold | (3,575) | (4,042) | (4,123) |
o/w advertising, promotional, sponsoring and rebranding costs | (736) | (823) | (850) |
Service fees and inter-operator costs | (4,529) | (4,608) | (4,923) |
o/w interconnexion costs | (3,186) | (3,212) | (3,335) |
Other network expenses, IT expenses | (3,503) | (3,253) | (3,192) |
Other external purchases | (2,791) | (2,706) | (3,220) |
o/w rental expenses | (151) | (241) | (1,181) |
Purchases and other expenses | € (17,691) | € (17,860) | € (18,563) |
Purchases and other expenses _2
Purchases and other expenses - External purchases components - Additional Information (Details) € in Millions | Dec. 31, 2019EUR (€) |
Purchases and other expenses [abstract] | |
New value of the underlying asset, maximum | € 5,000 |
Purchases and other expenses _3
Purchases and other expenses - Other operating expenses - Components - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Allowances and losses on trade receivables - telecom activities | € (383) | € (315) | € (277) |
Litigation | 238 | 107 | 10 |
Cost of bank credit risk | (31) | (10) | (7) |
Expenses from universal service | (19) | (21) | (38) |
Acquisition and integration costs | (18) | (17) | (10) |
Operating foreign exchange gains (losses) | 19 | (4) | 3 |
Other expenses | (119) | (124) | (176) |
Total | € (789) | € (599) | € (505) |
Purchases and other expenses _4
Purchases and other expenses - Provisions for litigation - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Provision for litigation - opening balance | € 643 | € 572 | € 779 |
Additions with impact on income statement | 119 | 99 | 35 |
Reversals with impact on income statement | (29) | (8) | (25) |
Discounting with impact on income statement | 0 | 3 | |
Utilizations without impact on income statement | (205) | (22) | (221) |
Changes in consolidation scope | 1 | 1 | |
Translation adjustment | (2) | 0 | 3 |
Reclassifications and other items | 1 | (3) | |
Provision for litigation - closing balance | € 525 | € 643 | € 572 |
Purchases and other expenses _5
Purchases and other expenses - Provisions for litigation - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Purchases and other expenses [abstract] | ||||
Total provision for litigation | € 525 | € 643 | € 572 | € 779 |
o/w non-current provision | 46 | 45 | 67 | |
o/w current provision | € 479 | € 598 | € 505 |
Purchases and other expenses _6
Purchases and other expenses - Provisions for litigation - Additional information (Details) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Orange Polska and subsidiaries [member] | POLAND | |
Disclosure of operating segments [line items] | |
Fines paid | € 152 |
Purchases and other expenses _7
Purchases and other expenses - Restructuring and integration costs - Components - Tabular information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Departure plans | € (15) | € (68) | € (30) |
Lease property restructuring | 2 | 5 | (28) |
Distribution channels | (5) | (26) | (11) |
Other | (8) | (43) | (120) |
Restructuring costs | (25) | (132) | (189) |
Acquisitions And Integration Costs | € 18 | € 17 | 10 |
Acquisition costs of investments | (10) | ||
Total restructuring costs | € (199) |
Purchases and other expenses _8
Purchases and other expenses - Restructuring and integration costs - Components - Additional information (Details) | 12 Months Ended |
Dec. 31, 2020employee | |
Orange Polska and subsidiaries [member] | |
Disclosure of subsidiaries [line items] | |
Number of people | 2,100 |
Purchases and other expenses _9
Purchases and other expenses - Restructuring and integration costs - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Restructuring provisions - in the opening balance | € 216 | € 389 | € 377 |
Additions with impact on income statement | 12 | 97 | 162 |
Reversals releases with impact on income statement | (17) | (13) | (15) |
Discounting with impact on income statement | 4 | 1 | |
Utilizations without impact on income statement | (95) | (124) | (143) |
Translation adjustment | (3) | 1 | (1) |
Reclassifications and other items | (135) | 9 | |
Restructuring provisions - in the closing balance | € 117 | € 216 | € 389 |
Purchases and other expenses_10
Purchases and other expenses - Restructuring and integration costs - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Purchases and other expenses [abstract] | |||||
Restructuring and integration provision | € 117 | € 216 | € 389 | € 377 | |
o/w non-current provision | 53 | 96 | € 118 | 230 | |
o/w current provision | € 64 | € 120 | € 128 | € 159 |
Purchases and other expenses_11
Purchases and other expenses - Broadcasting rights and equipment inventories - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Document Information [Line Items] | ||||
Inventories | € 814 | € 906 | € 965 | € 827 |
Gross carrying amount [member] | ||||
Document Information [Line Items] | ||||
Handset inventories | 485 | 534 | 678 | |
Other products/services sold | 75 | 78 | 41 | |
Available broadcasting rights | 93 | 89 | 73 | |
Other supplies | 223 | 270 | 242 | |
Inventories | 874 | 970 | 1,034 | |
Accumulated impairment [member] | ||||
Document Information [Line Items] | ||||
Inventories | € (60) | € (63) | € (69) |
Purchases and other expenses_12
Purchases and other expenses - Broadcasting rights and equipment inventories - Additional Information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Purchases and other expenses [abstract] | |||
Inventories treated as consignment with distributors | € 40 | € 35 | € 49 |
Purchases and other expenses_13
Purchases and other expenses - Broadcasting rights and equipment inventories - Net book value reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Inventories in the opening balance | € 906 | € 965 | € 827 |
Business related variations | (70) | (64) | 138 |
Changes in the scope of consolidation | 2 | 2 | |
Translation adjustment | (8) | 2 | (1) |
Reclassifications and other items | (14) | 1 | (1) |
Inventories in the closing balance | € 814 | € 906 | € 965 |
Purchases and other expenses_14
Purchases and other expenses - Prepaid expenses - Components (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Purchases and other expenses [abstract] | |||||
Prepaid external purchases | € 651 | € 678 | € 522 | ||
Other prepaid operating expenses | 199 | 52 | 49 | ||
Total | € 850 | € 730 | € 536 | € 571 | € 455 |
Purchases and other expenses_15
Purchases and other expenses - Prepaid expenses - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Prepaid expenses in the opening balance | € 730 | € 571 | € 455 |
Business related variations | 171 | 127 | 93 |
Changes in the scope of consolidation | 0 | 65 | 6 |
Translation adjustment | (12) | 5 | 0 |
Reclassifications and other items | (40) | (38) | 17 |
Prepaid expenses in the closing balance | € 850 | € 730 | € 571 |
Purchases and other expenses_16
Purchases and other expenses - Trade payables - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Trade payables in the opening balance | € 6,682 | € 6,736 | € 6,527 |
Business related variations | (122) | (85) | 189 |
Changes in the scope of consolidation | 1 | 36 | 18 |
Translation adjustment | (80) | 27 | 1 |
Reclassifications and other items | (6) | (32) | 1 |
Trade payables in the closing balance | € 6,475 | € 6,682 | € 6,736 |
Purchases and other expenses_17
Purchases and other expenses - Trade payables - Subsidiaries (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of subsidiaries [line items] | |||||
Trade payables | € 6,475 | € 6,682 | € 6,697 | € 6,736 | € 6,527 |
Telecoms activities [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Trade payables | 6,395 | 6,580 | 6,635 | ||
Orange Bank [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Trade payables | € 80 | € 102 | € 101 |
Purchases and other expenses_18
Purchases and other expenses - Trade payables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Extension period of payment | 6 months | ||
Impact on the change in working capital requirement | € 435 | € 525 | € 325 |
Purchases and other expenses_19
Purchases and other expenses - Other liabilities - Components (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Purchases and other expenses [abstract] | ||||
Provision for litigation | € 525 | € 643 | € 572 | € 779 |
Cable network access fees (IRU) | 59 | 103 | 152 | |
Submarine cable consortium | 258 | 168 | 130 | |
Security deposit received | 134 | 147 | 160 | |
Orange Money - units in circulation | 823 | 613 | 497 | |
Other | 775 | 774 | 739 | |
Total | € 2,574 | € 2,448 | € 2,250 | € 2,456 |
Purchases and other expenses_20
Purchases and other expenses - Other liabilities - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Purchases and other expenses [abstract] | |||||
Total | € 2,574 | € 2,448 | € 2,250 | € 2,456 | |
o/w other non-current liabilities | 307 | 353 | 462 | ||
o/w other current liabilities | € 2,267 | € 2,095 | € 1,774 | € 1,788 |
Purchases and other expenses_21
Purchases and other expenses - Other liabilities - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses [abstract] | |||
Other liabilities in the opening balance | € 2,448 | € 2,250 | € 2,456 |
Business related variations | 176 | 190 | (166) |
Changes in the scope of consolidation | 12 | 16 | |
Translation adjustment | (35) | 4 | (2) |
Reclassifications and other items | (15) | (8) | (54) |
Other liabilities in the closing balance | € 2,574 | € 2,448 | € 2,250 |
Employee benefits - Labor expen
Employee benefits - Labor expenses - Components - Tabular disclosure (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2020EUR (€)employee | Dec. 31, 2019EUR (€)employee | Dec. 31, 2018EUR (€)employee | |
Employee benefits [abstract] | |||
Average number of employees (full-time equivalents) | employee | 133,787 | 135,619 | 135,943 |
Wages and employee benefit expenses | € (8,331) | € (8,240) | € (8,828) |
o/w wages and salaries | (6,224) | (6,199) | (6,017) |
o/w social security charges | (2,118) | (2,079) | (2,068) |
o/w French part-time for senior plans | 23 | 6 | (773) |
o/w capitalized costs | 866 | 848 | 842 |
o/w other labor expenses | (879) | (816) | (812) |
Employee profit sharing | (142) | (181) | (180) |
Share-based compensation | (18) | (73) | (66) |
Total employee benefits expense | (8,490) | (8,494) | (9,074) |
Net interest on the net defined liability in finance costs | (12) | (20) | (16) |
Actuarial (gains)/losses in other comprehensive income | € (31) | € (109) | € 45 |
Employee benefits - Labor exp_2
Employee benefits - Labor expenses - Components - French civil servants (Details) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Employee benefits [abstract] | |||
Percentage of civil servant employees (as a percent) | 34.00% | 36.00% | 40.00% |
Employee benefits - Labor exp_3
Employee benefits - Labor expenses - Components - Benefit for competitiveness and employment tax credit (Details) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
FRANCE | |
Disclosure of geographical areas [line items] | |
Benefit for competitiveness and employment tax credit | € 85 |
Employee benefits - Employee be
Employee benefits - Employee benefits - Components - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Employee benefits [abstract] | |||
Post-employment benefits | € 1,149 | € 1,105 | € 989 |
Other long-term benefits | 1,407 | 1,867 | 2,434 |
Provision for employment termination benefits | 1 | 2 | 3 |
Other employee-related payables and payroll taxes due | 1,779 | 1,782 | 1,715 |
Provision for social risks and litigations | 58 | 59 | 74 |
Total employee benefits | € 4,395 | € 4,815 | € 5,215 |
Employee benefits - Employee _2
Employee benefits - Employee benefits - French part-time for seniors plans - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of geographical areas [line items] | |||
Other long-term benefits | € 1,407 | € 1,867 | € 2,434 |
French part-time for seniors plans [member] | |||
Disclosure of geographical areas [line items] | |||
Other long-term benefits | € 802 | € 1,233 | € 1,784 |
Employee benefits - Employee _3
Employee benefits - Employee benefits - Current and Non-current - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Employee benefits [abstract] | |||
Total employee benefits | € 4,395 | € 4,815 | € 5,215 |
o/w non-current employee benefits | 2,202 | 2,554 | 2,823 |
o/w current employee benefits | € 2,192 | € 2,261 | € 2,392 |
Employee benefits - Employee _4
Employee benefits - Employee benefits - Benefits to be paid by maturities (Details) € in Millions | Dec. 31, 2020EUR (€) |
Not later than one year [member] | |
Document Information [Line Items] | |
Post-employment benefits | € 68 |
Other long-term benefits | 386 |
Total employee benefits | 454 |
Later than one year and not later than two years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 50 |
Other long-term benefits | 279 |
Total employee benefits | 330 |
Later than two years and not later than three years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 38 |
Other long-term benefits | 244 |
Total employee benefits | 283 |
Later than three years and not later than four years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 50 |
Other long-term benefits | 138 |
Total employee benefits | 188 |
Later than four years and not later than five years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 54 |
Other long-term benefits | 31 |
Total employee benefits | 85 |
Later than five years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 2,622 |
Other long-term benefits | 27 |
Total employee benefits | 2,649 |
French part-time for seniors plans [member] | Not later than one year [member] | |
Document Information [Line Items] | |
Other long-term benefits | 305 |
French part-time for seniors plans [member] | Later than one year and not later than two years [member] | |
Document Information [Line Items] | |
Other long-term benefits | 215 |
French part-time for seniors plans [member] | Later than two years and not later than three years [member] | |
Document Information [Line Items] | |
Other long-term benefits | 192 |
French part-time for seniors plans [member] | Later than three years and not later than four years [member] | |
Document Information [Line Items] | |
Other long-term benefits | 90 |
French part-time for seniors plans [member] | Later than four years and not later than five years [member] | |
Document Information [Line Items] | |
Other long-term benefits | 15 |
French part-time for seniors plans [member] | Later than five years [member] | |
Document Information [Line Items] | |
Other long-term benefits | € 5 |
Employee benefits - Types of po
Employee benefits - Types of post-employment benefits and other long-term benefits (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2020EUR (€)employee | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | |
Disclosure of defined benefit plans [line items] | |||
Defined contribution plan expenses recognized | € 729 | € 724 | € 828 |
Annuity-based defined benefit plans, Equant plans, United Kingdom [member] | |||
Disclosure of defined benefit plans [line items] | |||
Benefit obligation | 326 | ||
Annuity-based defined benefit plans, senior management staff, France [member] | |||
Disclosure of defined benefit plans [line items] | |||
Benefit obligation | 196 | ||
Capital-based defined benefit plans, private-law contracts, France [member] | |||
Disclosure of defined benefit plans [line items] | |||
Benefit obligation | € 909 | ||
Percentage committed (as a percent) | 84.00% | ||
Capital-based defined benefit plans, civil servants, France [member] | |||
Disclosure of defined benefit plans [line items] | |||
Benefit obligation | € 27 | ||
Percentage committed (as a percent) | 3.00% | ||
French part-time for seniors plans [member] | |||
Disclosure of defined benefit plans [line items] | |||
Number of employees signed up | employee | 33,000 | ||
Number of employees passed | employee | 26,100 | ||
Estimated number of employees would participate | employee | 9,950 | ||
French part-time for seniors plans [member] | Bottom of range [member] | |||
Disclosure of defined benefit plans [line items] | |||
Period of time employee eligible for full retirement benefits | 3 years | ||
Period of time of employment service | 15 years | ||
Percentage employees have opportunity to work whilst receiving (as a percent) | 50.00% | ||
Percentage of base salary of full-time employment (as a percent) | 65.00% | ||
Plan term | 18 months | ||
Percentage of base compensation available to be invested in time saving account (as a percent) | 5.00% | ||
French part-time for seniors plans [member] | Middle of range [member] | |||
Disclosure of defined benefit plans [line items] | |||
Percentage of base compensation available to be invested in time saving account (as a percent) | 10.00% | ||
French part-time for seniors plans [member] | Top of range [member] | |||
Disclosure of defined benefit plans [line items] | |||
Period of time employee eligible for full retirement benefits | 5 years | ||
Percentage employees have opportunity to work whilst receiving (as a percent) | 60.00% | ||
Percentage of base salary of full-time employment (as a percent) | 80.00% | ||
Plan term | 5 years | ||
Percentage of base compensation available to be invested in time saving account (as a percent) | 15.00% |
Employee benefits - Actuarial a
Employee benefits - Actuarial assumptions - General information (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Percentage of discount rate used for euro zone | 86.00% |
French part-time for seniors plans [member] | |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Average sign-up rate (as a percent) | 70.00% |
Employee benefits - Actuarial_2
Employee benefits - Actuarial assumptions - Discount rates (Details) | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Bottom of range [member] | Later than ten years [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Discount rates (as a percent) | 0.55% | 0.70% | 1.70% |
Bottom of range [member] | Not later than ten years [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Discount rates, negative values (as a percent) | (0.35%) | (0.33%) | (0.20%) |
Top of range [member] | Later than ten years [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Discount rates (as a percent) | 0.90% | 0.90% | 1.85% |
Top of range [member] | Not later than ten years [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Discount rates (as a percent) | 0.70% | 0.70% | 1.30% |
Employee benefits - Actuarial_3
Employee benefits - Actuarial assumptions - Additional information (Details) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Annuity-based defined benefit plans, Equant plans, United Kingdom [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | ||
Long-term inflation assumption (as a percent) | 2.90% | |
Actuarial assumption of expected rates of inflation (as a percent) | 2.90% | |
Annuity-based defined benefit plans, Equant plans, United Kingdom [member] | Top of range [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | ||
Long-term inflation assumption (as a percent) | 5.00% | |
Actuarial assumption of expected rates of inflation (as a percent) | 5.00% | |
Capital-based defined benefit plans, private-law contracts, France [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | ||
Long-term inflation assumption (as a percent) | 2.00% | |
Actuarial assumption of expected rates of inflation (as a percent) | 2.00% | |
French part-time for seniors plans [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | ||
Percentage rate used to value the obligation (as a percent) | (0.25%) | |
French part-time for seniors plans [member] | Bottom of range [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | ||
Percentage rate used to value the obligation (as a percent) | (0.25%) |
Employee benefits - Actuarial_4
Employee benefits - Actuarial assumptions - Impacts on pension benefit obligations (Details) € in Millions | Dec. 31, 2020EUR (€) |
Actuarial assumption of discount rates [member] | |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Rate increase (as a percent) | 0.50% |
Rate decrease (as a percent) | 0.50% |
Increase (decrease) in benefit obligation, increase in assumption | € (111) |
Increase (decrease) in benefit obligation, decrease in assumption | € 123 |
Sign-up rate for French part-time seniors plans, actuarial assumptions [member] | |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Rate increase (as a percent) | 5.00% |
Rate decrease (as a percent) | 5.00% |
Increase (decrease) in benefit obligation, increase in assumption | € (26) |
Increase (decrease) in benefit obligation, decrease in assumption | € 26 |
Employee benefits - Actuarial_5
Employee benefits - Actuarial assumptions - Impacts on pension benefit obligations - Additional information (Details) - Actuarial assumption of discount rates [member] € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Increase (decrease) in benefit obligation, increase in assumption | € (111) |
Increase (decrease) in benefit obligation, decrease in assumption | 123 |
French part-time for seniors plans [member] | |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Increase (decrease) in benefit obligation, increase in assumption | € (7) |
Employee benefits - Net defined
Employee benefits - Net defined benefit obligations - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Changes in net defined benefit liability (asset) [abstract] | |||
Net interest on the defined benefit liability | € 12 | € 20 | € 16 |
Actuarial losses/(gains) arising from changes of assumptions | (31) | (109) | 45 |
Present value of defined benefit obligation [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 3,430 | 3,837 | 3,727 |
Service cost | 150 | 146 | 786 |
Net interest on the defined benefit liability | 17 | 27 | 23 |
Actuarial losses/(gains) arising from changes of assumptions | 102 | 82 | (34) |
(Gains)/Losses arising from experience | (103) | 5 | 78 |
Benefits paid | (555) | (687) | (746) |
Translation adjustment and other | (11) | 20 | 3 |
Total-closing balance | 3,029 | 3,430 | 3,837 |
Present value of defined benefit obligation [member] | Actuarial assumption of discount rates [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Actuarial losses/(gains) arising from changes of assumptions | 63 | 182 | € (38) |
Annuity-based defined benefit plans [member] | Present value of defined benefit obligation [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 543 | ||
Service cost | 1 | ||
Net interest on the defined benefit liability | 6 | ||
Actuarial losses/(gains) arising from changes of assumptions | 17 | ||
(Gains)/Losses arising from experience | 1 | ||
Benefits paid | (21) | ||
Translation adjustment and other | (18) | ||
Total-closing balance | 529 | 543 | |
Annuity-based defined benefit plans [member] | Present value of defined benefit obligation [member] | Actuarial assumption of discount rates [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Actuarial losses/(gains) arising from changes of assumptions | 34 | ||
Capital-based defined benefit plans [member] | Present value of defined benefit obligation [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 1,003 | ||
Service cost | 60 | ||
Net interest on the defined benefit liability | 12 | ||
Actuarial losses/(gains) arising from changes of assumptions | 49 | ||
(Gains)/Losses arising from experience | (11) | ||
Benefits paid | (33) | ||
Translation adjustment and other | (4) | ||
Total-closing balance | 1,076 | 1,003 | |
Capital-based defined benefit plans [member] | Present value of defined benefit obligation [member] | Actuarial assumption of discount rates [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Actuarial losses/(gains) arising from changes of assumptions | 29 | ||
Other post-employment benefits [member] | Present value of defined benefit obligation [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 17 | ||
Service cost | 0 | ||
Net interest on the defined benefit liability | 0 | ||
Benefits paid | (1) | ||
Translation adjustment and other | 0 | ||
Total-closing balance | 17 | 17 | |
French part-time for seniors plans [member] | Present value of defined benefit obligation [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 1,233 | ||
Service cost | 32 | ||
Net interest on the defined benefit liability | (3) | ||
Actuarial losses/(gains) arising from changes of assumptions | 37 | ||
(Gains)/Losses arising from experience | (92) | ||
Benefits paid | (405) | ||
Translation adjustment and other | 0 | ||
Total-closing balance | 802 | 1,233 | |
French part-time for seniors plans [member] | Present value of defined benefit obligation [member] | Actuarial assumption of discount rates [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Actuarial losses/(gains) arising from changes of assumptions | 0 | ||
Other long-term benefits [member] | Present value of defined benefit obligation [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 634 | ||
Service cost | 57 | ||
Net interest on the defined benefit liability | 1 | ||
Actuarial losses/(gains) arising from changes of assumptions | 0 | ||
(Gains)/Losses arising from experience | (1) | ||
Benefits paid | (95) | ||
Translation adjustment and other | 10 | ||
Total-closing balance | 605 | € 634 | |
Other long-term benefits [member] | Present value of defined benefit obligation [member] | Actuarial assumption of discount rates [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Actuarial losses/(gains) arising from changes of assumptions | € 1 |
Employee benefits - Net defin_2
Employee benefits - Net defined benefit obligations - Funded status (Details) - Present value of defined benefit obligation [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | € 3,029 | € 3,430 | € 3,837 | € 3,727 |
IFRS Funded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 549 | 562 | 507 | |
IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 2,480 | 2,868 | € 3,330 | |
Annuity-based defined benefit plans [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 529 | 543 | ||
Annuity-based defined benefit plans [member] | IFRS Funded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 529 | |||
Capital-based defined benefit plans [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 1,076 | 1,003 | ||
Capital-based defined benefit plans [member] | IFRS Funded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 20 | |||
Capital-based defined benefit plans [member] | IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 1,056 | |||
Other post-employment benefits [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 17 | 17 | ||
Other post-employment benefits [member] | IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 17 | |||
French part-time for seniors plans [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 802 | 1,233 | ||
French part-time for seniors plans [member] | IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 802 | |||
Other long-term benefits [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 605 | € 634 | ||
Other long-term benefits [member] | IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | € 605 |
Employee benefits - Net defin_3
Employee benefits - Net defined benefit obligations - Weighted average duration (Details) - Present value of defined benefit obligation [member] | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Changes in net defined benefit liability (asset) [abstract] | |||
Weighted average duration of the plans (in years) | 8 years | 9 years | 6 years |
Annuity-based defined benefit plans [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Weighted average duration of the plans (in years) | 13 years | ||
Capital-based defined benefit plans [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Weighted average duration of the plans (in years) | 14 years | ||
Other post-employment benefits [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Weighted average duration of the plans (in years) | 18 years | ||
French part-time for seniors plans [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Weighted average duration of the plans (in years) | 2 years | ||
Other long-term benefits [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Weighted average duration of the plans (in years) | 3 years |
Employee benefits - Fair value
Employee benefits - Fair value of plan assets - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of net defined benefit liability (asset) [abstract] | |||
Net interest on the net defined liability | € (12) | € (20) | € (16) |
Plan assets [member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 458 | 414 | 409 |
Net interest on the net defined liability | 6 | 8 | 7 |
(Gains)/Losses arising from experience | 25 | 26 | 2 |
Employer contributions | 18 | 16 | 16 |
Benefits paid | (18) | (19) | (17) |
Translation adjustment and other | (16) | 13 | (3) |
Total-closing balance | 474 | 458 | € 414 |
Annuity-based defined benefit plans [member] | Plan assets [member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 458 | ||
Net interest on the net defined liability | 6 | ||
(Gains)/Losses arising from experience | 25 | ||
Employer contributions | 18 | ||
Benefits paid | (18) | ||
Translation adjustment and other | (16) | ||
Total-closing balance | 473 | 458 | |
Capital-based defined benefit plans [member] | Plan assets [member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 0 | ||
Net interest on the net defined liability | 0 | ||
(Gains)/Losses arising from experience | 0 | ||
Total-closing balance | € 1 | € 0 |
Employee benefits - Funded plan
Employee benefits - Funded plan assets by location (Details) - Annuity-based defined benefit plans [member] - Plan assets [member] - IFRS Funded Plan [Member] | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure of fair value of plan assets [abstract] | |
Percentage where located (as a percent) | 18.00% |
UNITED KINGDOM | |
Disclosure of fair value of plan assets [abstract] | |
Percentage where located (as a percent) | 63.00% |
FRANCE | |
Disclosure of fair value of plan assets [abstract] | |
Percentage where located (as a percent) | 36.00% |
Employee benefits - Funded pl_2
Employee benefits - Funded plan assets by asset category (Details) - Annuity-based defined benefit plans [member] - Plan assets [member] - IFRS Funded Plan [Member] | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
IFRS Equity Securities [Member] | |||
Disclosure of fair value of plan assets [abstract] | |||
Percentage of assets funded (as a percent) | 31.20% | 30.80% | 35.80% |
Negotiable debt securities | |||
Disclosure of fair value of plan assets [abstract] | |||
Percentage of assets funded (as a percent) | 43.40% | 39.50% | 53.50% |
IFRS Money Market Funds [Member] | |||
Disclosure of fair value of plan assets [abstract] | |||
Percentage of assets funded (as a percent) | 2.50% | 2.10% | 4.10% |
Other funds [member] | |||
Disclosure of fair value of plan assets [abstract] | |||
Percentage of assets funded (as a percent) | 22.90% | 27.60% | 6.60% |
Employee benefits - Defined ben
Employee benefits - Defined benefit plans - Reconciliation - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Changes in net defined benefit liability (asset) [abstract] | |||
Employee benefits - opening balance | € 2,972 | € 3,423 | € 3,318 |
Net period expense | 105 | 117 | 889 |
Employer contributions | (18) | (16) | (16) |
Benefits directly paid by the employer | (538) | (668) | (729) |
Actuarial losses/(gains) arising from changes of assumptions | 31 | 109 | (45) |
Translation adjustment and other | 4 | 7 | 6 |
Employee benefits - closing balance | 2,556 | 2,972 | € 3,423 |
Annuity-based defined benefit plans [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Employee benefits - opening balance | 85 | ||
Net period expense | 1 | ||
Employer contributions | (18) | ||
Benefits directly paid by the employer | (3) | ||
Actuarial losses/(gains) arising from changes of assumptions | (7) | ||
Translation adjustment and other | (2) | ||
Employee benefits - closing balance | 56 | 85 | |
Capital-based defined benefit plans [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Employee benefits - opening balance | 1,003 | ||
Net period expense | 72 | ||
Benefits directly paid by the employer | (33) | ||
Actuarial losses/(gains) arising from changes of assumptions | 38 | ||
Translation adjustment and other | (4) | ||
Employee benefits - closing balance | 1,076 | 1,003 | |
Other post-employment benefits [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Employee benefits - opening balance | 17 | ||
Net period expense | 1 | ||
Benefits directly paid by the employer | (1) | ||
Translation adjustment and other | 0 | ||
Employee benefits - closing balance | 17 | 17 | |
French part-time for seniors plans [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Employee benefits - opening balance | 1,233 | ||
Net period expense | (26) | ||
Benefits directly paid by the employer | (405) | ||
Translation adjustment and other | 0 | ||
Employee benefits - closing balance | 802 | 1,233 | |
Other long-term benefits [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Employee benefits - opening balance | 634 | ||
Net period expense | 57 | ||
Benefits directly paid by the employer | (95) | ||
Translation adjustment and other | 10 | ||
Employee benefits - closing balance | € 605 | € 634 |
Employee benefits - Defined b_2
Employee benefits - Defined benefit plans - Current and non-current - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Total provisions for post-employment benefits and provisions for other long-term employee benefits | € 2,556 | € 2,972 | € 3,423 | € 3,318 |
o/w non-current | 2,174 | 2,397 | 2,722 | |
o/w current | 382 | 575 | € 701 | |
Annuity-based defined benefit plans [member] | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Total provisions for post-employment benefits and provisions for other long-term employee benefits | 56 | 85 | ||
o/w non-current | 34 | |||
o/w current | 22 | |||
Capital-based defined benefit plans [member] | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Total provisions for post-employment benefits and provisions for other long-term employee benefits | 1,076 | 1,003 | ||
o/w non-current | 1,031 | |||
o/w current | 45 | |||
Other post-employment benefits [member] | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Total provisions for post-employment benefits and provisions for other long-term employee benefits | 17 | 17 | ||
o/w non-current | 16 | |||
o/w current | 1 | |||
French part-time for seniors plans [member] | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Total provisions for post-employment benefits and provisions for other long-term employee benefits | 802 | 1,233 | ||
o/w non-current | 497 | |||
o/w current | 305 | |||
Other long-term benefits [member] | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Total provisions for post-employment benefits and provisions for other long-term employee benefits | 605 | € 634 | ||
o/w non-current | 596 | |||
o/w current | € 9 |
Employee benefits - Defined b_3
Employee benefits - Defined benefit plans - Net expense components (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | € (151) | € (146) | € (786) |
Net interest on the defined benefit liability | (11) | (19) | (16) |
Actuarial gains/(losses) | 57 | 48 | (87) |
Net expense | (105) | € (117) | € (889) |
Annuity-based defined benefit plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | (1) | ||
Net interest on the defined benefit liability | (1) | ||
Net expense | (1) | ||
Capital-based defined benefit plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | (60) | ||
Net interest on the defined benefit liability | (12) | ||
Net expense | (72) | ||
Other post-employment benefits [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | 0 | ||
Net interest on the defined benefit liability | 0 | ||
Net expense | (1) | ||
French part-time for seniors plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | (32) | ||
Net interest on the defined benefit liability | 3 | ||
Actuarial gains/(losses) | 55 | ||
Net expense | 26 | ||
Other long-term benefits [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | (57) | ||
Net interest on the defined benefit liability | (1) | ||
Actuarial gains/(losses) | 1 | ||
Net expense | € (57) |
Employee benefits - Defined b_4
Employee benefits - Defined benefit plans - Net expense location (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Net expense | € (105) | € (117) | € (889) |
o/w expenses in operating income | (94) | (98) | (873) |
o/w net interest on the net defined liability in finance cost | (11) | € (19) | € (16) |
Annuity-based defined benefit plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net expense | (1) | ||
o/w expenses in operating income | (1) | ||
o/w net interest on the net defined liability in finance cost | (1) | ||
Capital-based defined benefit plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net expense | (72) | ||
o/w expenses in operating income | (60) | ||
o/w net interest on the net defined liability in finance cost | (12) | ||
Other post-employment benefits [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net expense | (1) | ||
o/w expenses in operating income | 0 | ||
o/w net interest on the net defined liability in finance cost | 0 | ||
French part-time for seniors plans [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net expense | 26 | ||
o/w expenses in operating income | 23 | ||
o/w net interest on the net defined liability in finance cost | 3 | ||
Other long-term benefits [member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Net expense | (57) | ||
o/w expenses in operating income | (56) | ||
o/w net interest on the net defined liability in finance cost | € (1) |
Employee benefits - Share-based
Employee benefits - Share-based payment - General information (Details) € in Millions, shares in Millions | 12 Months Ended | 36 Months Ended | |||
Dec. 31, 2020EUR (€)employeecountryshares | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2020EUR (€)employeecountryshares | |
Orange Vision 2020 free share award plan [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Free share units authorized (in shares) | shares | 6.8 | 6.8 | |||
Estimated maximum issue of shares (in shares) | shares | 9.2 | 9.2 | |||
Estimated number of beneficiaries | employee | 144,000 | 144,000 | |||
Number of countries | country | 87 | 87 | |||
Percentage of adjusted EBITDA including banking activities (as a percent) | 50.00% | ||||
Organic cash-flow from telecom activities | 50.00% | ||||
Period of approval of budget | 3 years | ||||
Period of assessment of performance | 3 years | ||||
Charge of the plan (including social security contributions) | € | € 6 | € (53) | € (52) | € (11) | |
Charge of the plan recorded in equity | € | € 87 | € 87 | |||
Long Term Incentive Plan (LTIP) 2017 - 2019 [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Free share units authorized (in shares) | shares | 1.2 | 1.2 | |||
Estimated maximum issue of shares (in shares) | shares | 1.6 | 1.6 | |||
Estimated number of beneficiaries | employee | 1,200 | 1,200 | |||
Organic cash-flow from telecom activities | 50.00% | ||||
Total Shareholder Return (TSR) | 50.00% | ||||
Charge of the plan (including social security contributions) | € | € 1 | (6) | (6) | € (3) | |
Charge of the plan recorded in equity | € | € 12 | € 12 | |||
Long Term Incentive Plan (LTIP) 2018 - 2020 [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Free share units authorized (in shares) | shares | 1.7 | 1.7 | |||
Estimated number of beneficiaries | employee | 1,200 | 1,200 | |||
Organic cash-flow from telecom activities | 50.00% | ||||
Total Shareholder Return (TSR) | 50.00% | ||||
Long Term Incentive Plan (LTIP) 2019 - 2021 [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Free share units authorized (in shares) | shares | 1.7 | 1.7 | |||
Estimated number of beneficiaries | employee | 1,200 | 1,200 | |||
Organic cash-flow from telecom activities | 50.00% | ||||
Total Shareholder Return (TSR) | 50.00% | ||||
Long Term Incentive Plan (LTIP) 2020 - 2022 [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Free share units authorized (in shares) | shares | 1.7 | 1.7 | |||
Estimated number of beneficiaries | employee | 1,300 | 1,300 | |||
Organic cash-flow from telecom activities | 40.00% | ||||
Total Shareholder Return (TSR) | 40.00% | ||||
Corporate Social Responsability (CSR) | 20.00% | ||||
Free share award plans long term incentive plan [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Charge of the plan (including social security contributions) | € | (10) | € (15) | |||
Charge of the plan recorded in equity | € | € (13) | (8) | (3) | (13) | |
Charge of the plan recorded in social debt | € | € (2) | € (2) | € 0 | € (2) |
Employee benefits - Share-bas_2
Employee benefits - Share-based payment - Tabular disclosure (Details) - EUR (€) | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Orange Vision 2020 free share award plan [member] | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Price of underlying instrument at measurement date | € 13.74 | |||
Price of underlying instrument at vesting date | € 13.12 | |||
Price of underlying instrument at delivery date | € 11.14 | |||
Expected dividends (as a percent) | 4.50% | |||
Risk free yield (as a percent) | (0.45%) | |||
Fair value per share of benefit granted to employees (in euros per share) | € 12.45 | |||
Fair value of internal performance condition | € 12.45 | |||
Charge of the plan (including social security contributions) | € 6,000,000 | € (53,000,000) | € (52,000,000) | € (11,000,000) |
Charge of the plan recorded in equity | 87,000,000 | |||
Charge of the plan recorded in employee related payables | 23,000,000 | |||
Long Term Incentive Plan (LTIP) 2017 - 2019 [member] | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Price of underlying instrument at measurement date | € 14.33 | |||
Price of underlying instrument at vesting date | € 13.12 | |||
Price of underlying instrument at delivery date | € 11.14 | |||
Expected dividends (as a percent) | 4.50% | |||
Risk free yield (as a percent) | (0.32%) | |||
Fair value per share of benefit granted to employees (in euros per share) | € 9.55 | |||
Fair value of internal performance condition | 12.81 | |||
Fair value of external performance condition | € 6.29 | |||
Charge of the plan (including social security contributions) | € 1,000,000 | € (6,000,000) | € (6,000,000) | € (3,000,000) |
Charge of the plan recorded in equity | 12,000,000 | |||
Charge of the plan recorded in employee related payables | 2,000,000 | |||
Long Term Incentive Plan (LTIP) 2018 - 2020 [member] | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Price of underlying instrument at measurement date | € 13.98 | |||
Price of underlying instrument at closing date (in euros per share) | € 9.73 | |||
Expected dividends (as a percent) | 5.00% | |||
Risk free yield (as a percent) | (0.33%) | |||
Fair value per share of benefit granted to employees (in euros per share) | € 11.23 | |||
Fair value of internal performance condition | 11.94 | |||
Fair value of external performance condition | € 4.50 | |||
Long Term Incentive Plan (LTIP) 2019 - 2021 [member] | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Price of underlying instrument at measurement date | € 13.16 | |||
Price of underlying instrument at closing date (in euros per share) | € 9.73 | |||
Expected dividends (as a percent) | 5.30% | |||
Risk free yield (as a percent) | (0.70%) | |||
Fair value per share of benefit granted to employees (in euros per share) | € 7.80 | |||
Fair value of internal performance condition | 11.10 | |||
Fair value of external performance condition | € 4.50 | |||
Long Term Incentive Plan (LTIP) 2020 - 2022 [member] | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Price of underlying instrument at measurement date | € 10.47 | |||
Price of underlying instrument at closing date (in euros per share) | € 9.73 | |||
Expected dividends (as a percent) | 6.70% | |||
Risk free yield (as a percent) | (0.61%) | |||
Fair value per share of benefit granted to employees (in euros per share) | € 6.06 | |||
Fair value of internal performance condition | 8.58 | |||
Fair value of external performance condition | € 2.27 |
Employee benefits - Executive c
Employee benefits - Executive compensation - Components - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Employee benefits [abstract] | |||
Short-term benefits excluding employer social security contributions | € (16) | € (13) | € (15) |
Termination benefits | (2) | ||
Short-term benefits employer's social security contributions | (5) | (4) | (5) |
Post-employment benefits | 0 | 0 | 0 |
Share-based compensation | € (2) | € (2) | € (1) |
Employee benefits - Executive_2
Employee benefits - Executive compensation - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Employee benefits [abstract] | |||
Key management personnel compensation, contractual retirement bonuses and defined-benefit supplementary pension plan | € 4 | € 6 | € 6 |
Maximum number of months for contractual termination settlement of executive committee members | 15 months |
Impairment losses and goodwil_2
Impairment losses and goodwill - Impairment - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | ||
Impairment of goodwill | € (54) | € (56) |
Jordan Telecom and subsidiaries [member] | ||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | ||
Impairment of goodwill | € (54) | € (56) |
Impairment losses and goodwil_3
Impairment losses and goodwill - Impairment - Addititional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of goodwill | € 54 | € 56 | |
Impairment of non-current assets | € 30 | (73) | 49 |
Jordan Telecom and subsidiaries [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Effect on the recoverable amount | 800 | 700 | |
Impairment of goodwill | € 54 | € 56 | |
Net carrying value of asset tested (as a percent) | 100.00% | 100.00% | |
Niger, cash generating unit [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of non-current assets | € 43 | ||
Orange Egypt for Telecommunications and subsidiaries [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Reversal of impairment loss recognised in profit or loss, goodwill | € 89 | ||
Impairment of non-current assets | € (1) | € (89) | € 4 |
Orange Romania [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Terminal value cash flows | (9.00%) | ||
Spain, operating segment [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Terminal value cash flows | 0.00% | (11.00%) | (26.00%) |
Discount rate after tax | 0.01% | 0.54% | 1.44% |
Perpetual growth rate | (0.01%) | (0.63%) | (1.73%) |
Impairment losses and goodwil_4
Impairment losses and goodwill - Goodwill - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | € 27,596 | € 27,644 | € 27,174 | |
Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 33,273 | 33,579 | 32,949 | € 32,687 |
Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (5,678) | (5,935) | (5,775) | € (5,776) |
France, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 14,364 | 14,364 | 14,364 | |
France, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 14,377 | |||
France, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (13) | |||
Europe (excluding France), operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 9,512 | 9,537 | 9,421 | |
Europe (excluding France), operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 13,463 | |||
Europe (excluding France), operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (3,951) | |||
Spain, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 6,872 | 6,872 | 6,840 | |
Spain, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 6,986 | |||
Spain, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (114) | |||
Poland, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 136 | 140 | 111 | |
Poland, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,672 | |||
Poland, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (2,536) | |||
Orange Belgium [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 336 | 350 | 298 | |
Orange Belgium [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,049 | |||
Orange Belgium [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (713) | |||
Orange Romania [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,236 | 1,236 | 1,236 | |
Orange Romania [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,806 | |||
Orange Romania [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (570) | |||
Orange Slovakia [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 806 | 806 | 806 | |
Orange Slovakia [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 806 | |||
Orange Moldova [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 76 | 83 | 79 | |
Orange Moldova [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 76 | |||
Orange Luxembourg [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 50 | 50 | 50 | |
Orange Luxembourg [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 68 | |||
Orange Luxembourg [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (19) | |||
Africa and Middle-East, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,443 | 1,481 | 1,542 | |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,510 | |||
Africa and Middle-East, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (1,066) | |||
Orange Burkina Faso [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 428 | 428 | 428 | |
Orange Burkina Faso [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 428 | |||
Orange Cote d'Ivoire [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 375 | 375 | 375 | |
Orange Cote d'Ivoire [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 417 | |||
Orange Cote d'Ivoire [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (42) | |||
Jordan Telecom and subsidiaries [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 103 | 112 | 163 | |
Jordan Telecom and subsidiaries [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 257 | |||
Jordan Telecom and subsidiaries [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (154) | |||
Medi Telecom [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 253 | 257 | 251 | |
Medi Telecom [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 253 | |||
Orange Sierra Leone [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 118 | 134 | 152 | |
Orange Sierra Leone [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 118 | |||
Orange Cameroon [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 44 | 44 | 44 | |
Orange Cameroon [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 134 | |||
Orange Cameroon [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (90) | |||
Other African and Middle-East countries [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 122 | 131 | 129 | |
Other African and Middle-East countries [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 903 | |||
Other African and Middle-East countries [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (781) | |||
Enterprise, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,225 | 2,245 | 1,830 | |
Enterprise, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,871 | |||
Enterprise, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (647) | |||
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 18 | € 18 | € 18 | |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 18 | |||
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 35 | |||
Mobile Financial Services, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | € 35 |
Impairment losses and goodwil_5
Impairment losses and goodwill - Goodwill - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Changes in goodwill [abstract] | |||
Opening balance | € 27,644 | € 27,174 | |
Impairment of goodwill | (54) | € (56) | |
Closing balance | 27,596 | 27,644 | 27,174 |
Gross carrying amount [member] | |||
Changes in goodwill [abstract] | |||
Opening balance | 33,579 | 32,949 | 32,687 |
Acquisitions | 26 | 520 | 353 |
Disposals | (4) | (12) | |
Translation adjustment | (331) | 111 | (39) |
Reclassifications and other items | 3 | (40) | |
Closing balance | 33,273 | 33,579 | 32,949 |
Accumulated impairment [member] | |||
Changes in goodwill [abstract] | |||
Opening balance | (5,935) | (5,775) | (5,776) |
Impairment of goodwill | (54) | (56) | |
Disposals | 4 | 12 | |
Translation adjustment | 257 | (110) | 45 |
Closing balance | € (5,678) | € (5,935) | € (5,775) |
Impairment losses and goodwil_6
Impairment losses and goodwill - Goodwill - Net book value (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Goodwill [abstract] | |||
Net book value | € 27,596 | € 27,644 | € 27,174 |
Impairment losses and goodwil_7
Impairment losses and goodwill - Key assumptions used to determine recoverable amounts - Tabular disclosure (Details) | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
France, operating segment [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 0.80% | 0.80% | 0.80% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 5.50% | 6.00% | 6.00% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 7.40% | 8.10% | 7.80% |
Spain, operating segment [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 1.50% | 1.50% | 1.50% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 6.50% | 7.30% | 7.00% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 8.10% | 9.10% | 8.80% |
Poland, operating segment [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 1.50% | 1.50% | 1.00% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 7.30% | 8.30% | 8.00% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 8.50% | 9.70% | 9.50% |
Enterprise, operating segment [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 0.30% | 0.30% | 0.30% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 7.50% | 7.50% | 7.50% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 10.20% | 10.00% | 10.20% |
Orange Belgium [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 0.50% | 0.50% | |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 7.50% | 6.80% | |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 9.60% | 8.60% | |
Orange Romania [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 2.30% | 2.30% | |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 7.50% | 8.30% | |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 8.50% | 9.30% | |
Medi Telecom [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 2.80% | ||
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 7.30% | ||
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 8.60% | ||
Orange Sierra Leone [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 3.80% | ||
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 13.00% | ||
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 15.90% | ||
Orange Egypt for Telecommunications and subsidiaries [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 4.00% | ||
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 13.80% | ||
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 16.10% | ||
Orange Liberia [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 3.80% | ||
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 13.00% | ||
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 15.90% |
Impairment losses and goodwil_8
Impairment losses and goodwill - Key assumptions used to determine recoverable amounts - Tax rates (Details) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | ||||
Corporate tax rate (as a percent) | 19.00% | |||
France tax group subsidiaries [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Corporate tax rate (as a percent) | 25.82% | 32.02% | 34.43% | 34.43% |
Impairment losses and goodwil_9
Impairment losses and goodwill - Key assumptions used to determine recoverable amounts - Additional information (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Goodwill [abstract] | |
Threshold percentage of aggregated share of groups listed subsidiaries on consolidated revenues (as a percent) | 20.00% |
Threshold percentage of aggregated share of groups listed subsidiaries on consolidated operating income (as a percent) | 20.00% |
Threshold percentage of aggregated share of groups listed subsidiaries on consolidated net income (as a percent) | 20.00% |
Impairment losses and goodwi_10
Impairment losses and goodwill - Accounting policies (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Goodwill [abstract] | |
Percentage of recognition of goodwill relating to certain non-controlling interests (as a percent) | 100.00% |
Explanation of period over which management has projected cash flows | cash flow projections are based on three-to-five-year business plans |
Cash flow projections, business plan term, bottom of range | 3 years |
Cash flow projections, business plan term, top of range | 5 years |
Impairment losses and goodwi_11
Impairment losses and goodwill - Sensitivity of recoverable amounts (Details) - EUR (€) € in Billions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Sensitivity analysis, percentage used for cash flow projections in the terminal year | 10.00% | ||
Impairment risk exposure of cash generating unit, estimated percentage | 30.00% | ||
Percentage of other entities share of aggregated recoverable amount of consolidated entities | 3.00% | ||
France, operating segment [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible increase in discount rate, percentage | 1.41% | 2.52% | 3.47% |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (1.24%) | (2.43%) | (3.99%) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (28.00%) | (34.00%) | (48.00%) |
Spain, operating segment [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible increase in discount rate, percentage | 0.01% | 0.54% | 1.44% |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.01%) | (0.63%) | (1.73%) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | 0.00% | (11.00%) | (26.00%) |
Impairment risk exposure of cash generating unit, estimated percentage | 15.00% | ||
Poland, operating segment [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible increase in discount rate, percentage | 1.89% | 2.00% | 3.54% |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (1.51%) | (1.78%) | (3.12%) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (23.00%) | (24.00%) | (33.00%) |
Orange Belgium [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible increase in discount rate, percentage | 10.67% | 8.56% | 3.01% |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (16.91%) | (7.11%) | (3.24%) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (69.00%) | (38.00%) | |
Increase (decrease) in recoverable amount due to reasonably possible increase decrease in reference price per share | € 0.1 | ||
Enterprise, operating segment [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible increase in discount rate, percentage | 0.49% | 11.30% | 12.99% |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.49%) | (17.83%) | (35.73%) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (82.00%) | (74.00%) | (88.00%) |
Orange Romania [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (9.00%) | ||
Impairment risk exposure of cash generating unit, estimated percentage | 15.00% | ||
Medi Telecom [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (53.00%) | ||
Jordan Telecom and subsidiaries [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Reasonably possible increase in discount rate in order for unit's recoverable amount to be equal to net carrying value | 1.00% | ||
Reasonably possible decrease in perpetual growth rate in order for unit's recoverable amount to be equal to net carrying value | 1.00% | ||
Reasonably possible decrease in discounted cash flows of terminal value in order for unit's recoverable amount to be equal to net carrying value | 10.00% | ||
Impairment risk exposure of cash generating unit, estimated percentage | 20.00% | ||
Orange Sierra Leone [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible increase in discount rate, percentage | 3.54% | 0.50% | |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (4.33%) | (0.86%) | |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (9.00%) | ||
Orange Liberia [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Increase (decrease) in recoverable amount due to reasonably possible increase in discount rate, percentage | 0.83% | ||
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (1.54%) | ||
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (15.00%) |
Fixed assets - Gains (losses) o
Fixed assets - Gains (losses) on disposal of fixed assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Other intangible assets and property, plant and equipment [abstract] | |||
Transfer price | € 444 | € 610 | € 224 |
Net book value of assets sold | (223) | (307) | (44) |
Proceeds from the disposal of fixed assets | € 221 | € 303 | € 180 |
Fixed assets - Depreciation and
Fixed assets - Depreciation and amortization - Total - Graphic (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total depreciation and amortization expense | € (7,134) | € (7,110) | € (7,047) |
Depreciation and amortization | (2,309) | (2,286) | (2,256) |
Depreciation and amortization, property, plant and equipment | (4,880) | (4,838) | (4,791) |
Fixed assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total depreciation and amortization expense | (7,134) | (7,110) | (7,047) |
Depreciation and amortization | (2,309) | (2,286) | (2,256) |
Depreciation and amortization, property, plant and equipment | € (4,825) | € (4,824) | € (4,791) |
Fixed assets - Depreciation a_2
Fixed assets - Depreciation and amortization - Intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | € (2,309) | € (2,286) | € (2,256) |
Computer software [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | (1,468) | (1,428) | (1,447) |
Licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | (567) | (570) | (532) |
Customer-related intangible assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | (150) | (146) | (127) |
Other brands [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | (9) | (9) | (8) |
Other intangible assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | € (115) | € (133) | € (142) |
Fixed assets - Depreciation a_3
Fixed assets - Depreciation and amortization - Property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | € (4,880) | € (4,838) | € (4,791) |
Network infrastructure [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | (4,170) | (4,183) | (4,095) |
IFRS Technology Equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | (297) | (300) | (290) |
Buildings [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | (239) | (227) | (274) |
Other property, plant and equipment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | € (119) | € (114) | € (132) |
Fixed assets - Depreciation a_4
Fixed assets - Depreciation and amortization - Depreciation period - Intangible assets (Details) | Jul. 08, 2019 | Jan. 31, 2019 | Dec. 31, 2020 |
Copyrights, patents and other industrial property rights, service and operating rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, useful lives | 20 years | ||
Computer software [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, useful lives | 5 years | ||
Bottom of range [member] | Customer-related intangible assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, useful lives | 12 years | 12 years | 3 years |
Bottom of range [member] | Capitalised development expenditure [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, useful lives | 3 years | ||
Top of range [member] | Other brands [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, useful lives | 15 years | ||
Top of range [member] | Customer-related intangible assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, useful lives | 16 years | 16 years | 16 years |
Top of range [member] | Indefeasible rights of use of submarine and terrestrial cables [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, useful lives | 20 years | ||
Top of range [member] | Capitalised development expenditure [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets, useful lives | 5 years |
Fixed assets - Depreciation a_5
Fixed assets - Depreciation and amortization - Depreciation period - Property, plant and equipment (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Bottom of range [member] | Buildings [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property, plant and equipment, useful lives | 10 years |
Bottom of range [member] | Communication and network equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property, plant and equipment, useful lives | 5 years |
Bottom of range [member] | Copper cables, fiber optics and civil works [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property, plant and equipment, useful lives | 10 years |
Bottom of range [member] | Computer equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property, plant and equipment, useful lives | 3 years |
Top of range [member] | Buildings [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property, plant and equipment, useful lives | 30 years |
Top of range [member] | Communication and network equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property, plant and equipment, useful lives | 10 years |
Top of range [member] | Copper cables, fiber optics and civil works [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property, plant and equipment, useful lives | 30 years |
Top of range [member] | Computer equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property, plant and equipment, useful lives | 5 years |
Fixed assets - Impairment (Deta
Fixed assets - Impairment (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | € (30) | € 73 | € (49) |
International Carriers & Shared Services | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | (7) | ||
Orange Egypt for Telecommunications and subsidiaries [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | 1 | 89 | (4) |
France, operating segment [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | (15) | ||
Niger, cash generating unit [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | (43) | ||
Poland subsidiaries [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | (7) | (12) | 1 |
Other cash generating units excluding Niger, Democratic Republic of the Congo, and Egypt [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | € (2) | € (4) | € (2) |
Fixed assets - Other assumption
Fixed assets - Other assumptions that affect the assessment of the recoverable amount (Details) - Orange brand [member] | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about intangible assets [line items] | |||
Perpetuity growth rate | 1.20% | 1.10% | 1.20% |
Post-tax discount rate | 6.90% | 7.40% | 7.40% |
Pre-tax discount rate | 8.30% | 8.80% | 8.80% |
Fixed assets - Other intangible
Fixed assets - Other intangible assets - Net book value - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | € 15,135 | € 14,737 | € 14,073 | € 14,339 |
Licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 6,322 | 6,043 | 5,917 | |
Computer software [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 4,288 | 4,250 | 4,046 | |
Orange brand [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 3,133 | 3,133 | 3,133 | |
Other brands [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 78 | 88 | 89 | |
Customer-related intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 469 | 597 | 449 | |
Other intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 844 | € 626 | € 439 | |
Gross carrying amount [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 37,378 | |||
Gross carrying amount [member] | Licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 12,168 | |||
Gross carrying amount [member] | Computer software [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 13,149 | |||
Gross carrying amount [member] | Orange brand [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 3,133 | |||
Gross carrying amount [member] | Other brands [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,099 | |||
Gross carrying amount [member] | Customer-related intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 5,265 | |||
Gross carrying amount [member] | Other intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 2,564 | |||
Accumulated depreciation and amortisation [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (21,090) | |||
Accumulated depreciation and amortisation [member] | Licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (5,800) | |||
Accumulated depreciation and amortisation [member] | Computer software [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (8,842) | |||
Accumulated depreciation and amortisation [member] | Other brands [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (121) | |||
Accumulated depreciation and amortisation [member] | Customer-related intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (4,785) | |||
Accumulated depreciation and amortisation [member] | Other intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (1,543) | |||
Accumulated impairment [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (1,152) | |||
Accumulated impairment [member] | Licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (46) | |||
Accumulated impairment [member] | Computer software [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (19) | |||
Accumulated impairment [member] | Other brands [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (899) | |||
Accumulated impairment [member] | Customer-related intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (11) | |||
Accumulated impairment [member] | Other intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | € (177) |
Fixed assets - Other intangib_2
Fixed assets - Other intangible assets - Net book value reconciliation - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Other intangible assets and property, plant and equipment [abstract] | |||
Net book value of other intangible assets in the opening balance | € 14,737 | € 14,073 | € 14,339 |
Acquisitions of other intangible assets | 2,940 | 2,385 | 1,895 |
Acquisitions of other intangible assets | 2,935 | ||
Impact of changes in the scope of consolidation | 31 | 328 | 69 |
Disposals | (4) | (10) | 0 |
Depreciation and amortization | (2,309) | (2,286) | (2,256) |
Impairment losses | (24) | 88 | (10) |
Translation adjustment | (176) | 106 | 7 |
Reclassifications and other items | (55) | 52 | 29 |
Net book value of other intangible assets in the closing balance | € 15,135 | € 14,737 | € 14,073 |
Fixed assets - Other intangib_3
Fixed assets - Other intangible assets - Telecommunication licenses - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 2,940 | € 2,385 | € 1,895 |
Licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 969 | € 519 | € 200 |
Fixed assets - Other intangib_4
Fixed assets - Other intangible assets - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 2,940 | € 2,385 | € 1,895 |
Licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 969 | 519 | 200 |
FRANCE | Five G licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 875 | ||
Slovensko | Five G licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 37 | ||
SPAIN | Licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 296 | ||
SPAIN | Five G licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 142 | ||
BURKINA FASO | Licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 119 | ||
GUINEA | Licenses [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 82 |
Fixed assets - Internal costs c
Fixed assets - Internal costs capitalized as intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Other intangible assets and property, plant and equipment [abstract] | |||
Labor expenses | € 405 | € 389 | € 382 |
Fixed assets - Information on t
Fixed assets - Information on telecommunications licenses - Licenses (Details) | Dec. 31, 2020item |
FRANCE | Five G licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
FRANCE | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 4 |
FRANCE | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
FRANCE | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
SPAIN | Five G licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
SPAIN | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 3 |
SPAIN | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
POLAND | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 3 |
POLAND | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
POLAND | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
EGYPT | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
EGYPT | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
EGYPT | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
MOROCCO | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
MOROCCO | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
MOROCCO | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
ROMANIA | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
ROMANIA | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
ROMANIA | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
JORDAN | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
JORDAN | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 3 |
JORDAN | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
BELGIUM | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
BELGIUM | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
Slovensko | Five G licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
Slovensko | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
Slovensko | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
Slovensko | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
Fixed assets - Information on_2
Fixed assets - Information on telecommunications licenses - Value (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | € 15,135 | € 14,737 | € 14,073 | € 14,339 |
Licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 6,322 | € 6,043 | € 5,917 | |
FRANCE | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 2,628 | |||
FRANCE | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,596 | |||
FRANCE | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 159 | |||
FRANCE | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 3 | |||
FRANCE | Five G licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 870 | |||
SPAIN | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 910 | |||
SPAIN | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 328 | |||
SPAIN | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 123 | |||
SPAIN | Five G licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 459 | |||
POLAND | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 582 | |||
POLAND | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 494 | |||
POLAND | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 43 | |||
POLAND | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 45 | |||
EGYPT | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 477 | |||
EGYPT | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 317 | |||
EGYPT | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 46 | |||
EGYPT | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 114 | |||
MOROCCO | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 228 | |||
MOROCCO | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 47 | |||
MOROCCO | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 11 | |||
MOROCCO | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 170 | |||
ROMANIA | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 271 | |||
ROMANIA | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 101 | |||
ROMANIA | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 50 | |||
ROMANIA | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 120 | |||
JORDAN | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 211 | |||
JORDAN | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 51 | |||
JORDAN | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 73 | |||
JORDAN | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 87 | |||
BELGIUM | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 94 | |||
BELGIUM | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 90 | |||
BELGIUM | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 2 | |||
BELGIUM | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 2 | |||
Slovensko | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 108 | |||
Slovensko | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 44 | |||
Slovensko | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 12 | |||
Slovensko | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 15 | |||
Slovensko | Five G licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 37 | |||
Other countries excluding France, Spain, Poland, Egypt, Morocco, Romania, Jordan, and Belgium [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 813 | |||
Gross carrying amount [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 37,378 | |||
Gross carrying amount [member] | Licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 12,168 | |||
Gross carrying amount [member] | FRANCE | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 4,235 | |||
Gross carrying amount [member] | FRANCE | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 2,180 | |||
Gross carrying amount [member] | FRANCE | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 914 | |||
Gross carrying amount [member] | FRANCE | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 266 | |||
Gross carrying amount [member] | FRANCE | Five G licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 875 | |||
Gross carrying amount [member] | SPAIN | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,273 | |||
Gross carrying amount [member] | SPAIN | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 529 | |||
Gross carrying amount [member] | SPAIN | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 285 | |||
Gross carrying amount [member] | SPAIN | Five G licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 459 | |||
Gross carrying amount [member] | POLAND | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,241 | |||
Gross carrying amount [member] | POLAND | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 745 | |||
Gross carrying amount [member] | POLAND | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 365 | |||
Gross carrying amount [member] | POLAND | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 131 | |||
Gross carrying amount [member] | EGYPT | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 956 | |||
Gross carrying amount [member] | EGYPT | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 413 | |||
Gross carrying amount [member] | EGYPT | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 142 | |||
Gross carrying amount [member] | EGYPT | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 401 | |||
Gross carrying amount [member] | MOROCCO | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 832 | |||
Gross carrying amount [member] | MOROCCO | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 60 | |||
Gross carrying amount [member] | MOROCCO | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 28 | |||
Gross carrying amount [member] | MOROCCO | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 744 | |||
Gross carrying amount [member] | ROMANIA | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 567 | |||
Gross carrying amount [member] | ROMANIA | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 184 | |||
Gross carrying amount [member] | ROMANIA | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 91 | |||
Gross carrying amount [member] | ROMANIA | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 292 | |||
Gross carrying amount [member] | JORDAN | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 391 | |||
Gross carrying amount [member] | JORDAN | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 82 | |||
Gross carrying amount [member] | JORDAN | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 132 | |||
Gross carrying amount [member] | JORDAN | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 177 | |||
Gross carrying amount [member] | BELGIUM | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 365 | |||
Gross carrying amount [member] | BELGIUM | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 140 | |||
Gross carrying amount [member] | BELGIUM | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 149 | |||
Gross carrying amount [member] | BELGIUM | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 76 | |||
Gross carrying amount [member] | Slovensko | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 225 | |||
Gross carrying amount [member] | Slovensko | LTE licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 76 | |||
Gross carrying amount [member] | Slovensko | UMTS licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 46 | |||
Gross carrying amount [member] | Slovensko | GSM licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 66 | |||
Gross carrying amount [member] | Slovensko | Five G licenses [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 37 | |||
Gross carrying amount [member] | Other countries excluding France, Spain, Poland, Egypt, Morocco, Romania, Jordan, and Belgium [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | € 2,083 |
Fixed assets - Information on_3
Fixed assets - Information on telecommunications licenses - Residual useful life (Details) | 12 Months Ended |
Dec. 31, 2020 | |
FRANCE | LTE licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years 9 months 18 days |
FRANCE | LTE licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 15 years 10 months 24 days |
FRANCE | UMTS licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 8 months 12 days |
FRANCE | UMTS licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 9 years 4 months 24 days |
FRANCE | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 6 months |
FRANCE | Five G licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 14 years 10 months 24 days |
SPAIN | LTE licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years |
SPAIN | LTE licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years 3 months 18 days |
SPAIN | GSM licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years |
SPAIN | Five G licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years |
SPAIN | Five G licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 17 years 10 months 24 days |
POLAND | LTE licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 7 years |
POLAND | LTE licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years 1 month 6 days |
POLAND | UMTS licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 3 years |
POLAND | GSM licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 6 years 7 months 6 days |
POLAND | GSM licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 8 years 6 months |
EGYPT | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 11 years |
EGYPT | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 11 years |
EGYPT | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 11 years |
MOROCCO | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 14 years 2 months 12 days |
MOROCCO | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 11 years 6 months |
MOROCCO | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years 3 months 18 days |
ROMANIA | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 8 years 3 months 18 days |
ROMANIA | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 8 years 3 months 18 days |
ROMANIA | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 8 years 3 months 18 days |
JORDAN | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 9 years 4 months 24 days |
JORDAN | UMTS licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 4 years 2 months 12 days |
JORDAN | UMTS licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 12 years 3 months 18 days |
JORDAN | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 8 years |
BELGIUM | LTE licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 6 years 4 months 24 days |
BELGIUM | LTE licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 12 years 10 months 24 days |
BELGIUM | UMTS licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 3 months 18 days |
BELGIUM | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 2 months 12 days |
Slovensko | LTE licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 8 years 10 months 24 days |
Slovensko | UMTS licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 1 year 7 months 6 days |
Slovensko | UMTS licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 5 years 4 months 24 days |
Slovensko | GSM licenses [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 4 years 8 months 12 days |
Slovensko | Five G licenses [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 4 years 6 months |
Slovensko | Five G licenses [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 19 years 6 months |
Fixed assets - Information on_4
Fixed assets - Information on telecommunications licenses - Additional information (Details) | 12 Months Ended |
Dec. 31, 2020item | |
LTE licenses [member] | FRANCE | |
Disclosure of detailed information about intangible assets [line items] | |
Number of megahertz | 700 |
Fixed assets - Property, plant
Fixed assets - Property, plant and equipment - Net book value - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | € 29,075 | € 28,423 | € 27,119 | € 27,693 | € 26,665 |
Gross carrying amount [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 103,915 | ||||
Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | (74,456) | ||||
Accumulated impairment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | (384) | ||||
Network infrastructure [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 25,825 | 25,137 | 23,962 | ||
Network infrastructure [member] | Gross carrying amount [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 90,991 | ||||
Network infrastructure [member] | Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | (64,999) | ||||
Network infrastructure [member] | Accumulated impairment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | (167) | ||||
Land and buildings [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 2,018 | 2,026 | 2,479 | ||
Land and buildings [member] | Gross carrying amount [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 7,295 | ||||
Land and buildings [member] | Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | (5,067) | ||||
Land and buildings [member] | Accumulated impairment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | (210) | ||||
IFRS Technology Equipment [Member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 801 | 803 | 817 | ||
IFRS Technology Equipment [Member] | Gross carrying amount [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 3,942 | ||||
IFRS Technology Equipment [Member] | Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | (3,140) | ||||
IFRS Technology Equipment [Member] | Accumulated impairment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 0 | ||||
Other property, plant and equipment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 431 | € 456 | € 435 | ||
Other property, plant and equipment [member] | Gross carrying amount [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | 1,687 | ||||
Other property, plant and equipment [member] | Accumulated depreciation and amortisation [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | (1,251) | ||||
Other property, plant and equipment [member] | Accumulated impairment [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | € (6) |
Fixed assets - Property, plan_2
Fixed assets - Property, plant and equipment - Networks and terminals (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | € 29,075 | € 28,423 | € 27,119 | € 27,693 | € 26,665 |
Network infrastructure [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment | € 25,825 | € 25,137 | € 23,962 | ||
Wireline access network [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment (as a percent) | 56.00% | 55.00% | 52.00% | ||
Wireless access network [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment (as a percent) | 25.00% | 25.00% | 26.00% | ||
Core and transmission network [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment (as a percent) | 14.00% | 15.00% | 15.00% | ||
Terminals, customer-premises equipment and payphones [member] | |||||
Disclosure of detailed information about property, plant and equipment [line items] | |||||
Property, plant and equipment (as a percent) | 5.00% | 5.00% | 6.00% |
Fixed assets - Property, plan_3
Fixed assets - Property, plant and equipment - Net book value reconciliation - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Reconciliation of changes in property, plant and equipment [abstract] | |||
Net book value of property, plant and equipment in the opening balance | € 28,423 | € 27,693 | € 26,665 |
IFRS 16 transition impact (1) | (574) | ||
Net book value of property, plant and equipment - including IFRS 16 transition impact | 28,423 | 27,119 | 26,665 |
Financed assets | 5,848 | 6,181 | 5,883 |
Impact of changes in the scope of consolidation | 0 | (52) | 63 |
Disposals and retirements | (154) | (164) | (44) |
Depreciation and amortization, property, plant and equipment | (4,880) | (4,838) | (4,791) |
Impairment | (6) | (15) | (39) |
Translation adjustment | (319) | 115 | (27) |
Reclassifications and other items | 164 | 78 | (17) |
Net book value of property, plant and equipment in the closing balance | 29,075 | 28,423 | 27,693 |
Finance leases [member] | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Financed assets | 144 | 136 | |
Financed assets [member] | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Financed assets | 241 | 144 | |
Depreciation and amortization, property, plant and equipment | (55) | (14) | |
Fixed assets [member] | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Depreciation and amortization, property, plant and equipment | € (4,825) | € (4,824) | € (4,791) |
Fixed assets - Property, plan_4
Fixed assets - Property, plant and equipment held under finance leases - Net book value (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of quantitative information about right-of-use assets [line items] | |||
Property, plant and equipment held under finance leases | € 716 | € 636 | € 574 |
Land and buildings [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Property, plant and equipment held under finance leases | 423 | ||
Network infrastructure [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Property, plant and equipment held under finance leases | 115 | ||
IFRS Technology Equipment [Member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Property, plant and equipment held under finance leases | € 36 |
Fixed assets - Internal costs_2
Fixed assets - Internal costs capitalized as property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Other intangible assets and property, plant and equipment [abstract] | |||
Labor expenses | € 462 | € 459 | € 460 |
Fixed assets - Fixed assets pay
Fixed assets - Fixed assets payables - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Other intangible assets and property, plant and equipment [abstract] | |||
Fixed assets payable in the opening balance | € 3,665 | € 3,447 | € 3,656 |
Business related variations | 1,002 | 200 | (230) |
Changes in the scope of consolidation | 0 | (14) | 0 |
Translation adjustment | (50) | 29 | 8 |
Reclassifications and other items | 23 | 3 | 13 |
Fixed assets payable in the closing balance | € 4,640 | € 3,665 | € 3,447 |
Fixed assets - Fixed assets p_2
Fixed assets - Fixed assets payables - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Other intangible assets and property, plant and equipment [abstract] | ||||
Total fixed assets payable | € 4,640 | € 3,665 | € 3,447 | € 3,656 |
Non-current fixed assets payables | 1,291 | 817 | 612 | |
Current fixed assets payables | € 3,349 | € 2,848 | € 2,835 |
Fixed assets - Fixed assets p_3
Fixed assets - Fixed assets payables - Additional Information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Business related variations | € 1,002 | € 200 | € (230) |
Five G licenses [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Business related variations | € 725 |
Fixed assets - Fixed assets p_4
Fixed assets - Fixed assets payables - Accounting policies (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Other intangible assets and property, plant and equipment [abstract] | |
Payment term classified as non current | 12 months |
Fixed assets - Dismantling prov
Fixed assets - Dismantling provision - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Other intangible assets and property, plant and equipment [abstract] | |||
Dismantling provision in the opening balance | € 827 | € 776 | € 789 |
Provision reversal with impact on income statement | 0 | 0 | |
Discounting with impact on income statement | 2 | 5 | 13 |
Utilizations without impact on income statement | (12) | (24) | (15) |
Changes in provision with impact on assets | 79 | 67 | (19) |
Translation adjustment | (10) | 2 | (3) |
Reclassifications and other items | 16 | 2 | 11 |
Dismantling provision in the closing balance | € 901 | € 827 | € 776 |
Fixed assets - Dismantling pr_2
Fixed assets - Dismantling provision - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Other intangible assets and property, plant and equipment [abstract] | |||||
Total dismantling provisions | € 901 | € 827 | € 776 | € 789 | |
o/w non-current provisions | 885 | 812 | € 766 | 765 | |
o/w current provisions | € 16 | € 15 | € 11 |
Fixed assets - Dismantling pr_3
Fixed assets - Dismantling provision - Additional Information (Details) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Other intangible assets and property, plant and equipment [abstract] | |
Extinctions of obligations | € (66) |
Fixed assets - Dismantling pr_4
Fixed assets - Dismantling provision - Accounting policies (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Other intangible assets and property, plant and equipment [abstract] | |
Maturity period of investments | 15 years |
Lease agreements - Accounting p
Lease agreements - Accounting policies (Details) € in Millions | 12 Months Ended | |
Dec. 31, 2020item | Dec. 31, 2019EUR (€) | |
Disclosure Of Leases [Line Items] | ||
Number of major lease contract categories | item | 4 | |
Replacement value of leased assets for which exemption has been used, maximum | € | € 5,000 | |
FRANCE | ||
Disclosure Of Leases [Line Items] | ||
Commercial real estate leases, Term | 9 years | |
FRANCE | Bottom of range [member] | ||
Disclosure Of Leases [Line Items] | ||
Commercial real estate leases, Termination option period | 3 years | |
FRANCE | Top of range [member] | ||
Disclosure Of Leases [Line Items] | ||
Commercial real estate leases, Termination option period | 6 years |
Lease agreements - Right-of-use
Lease agreements - Right-of-use assets - Net book value (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | € 7,009 | € 6,700 | € 6,792 | € 6,790 |
Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 9,999 | |||
Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (2,757) | |||
Accumulated impairment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (233) | |||
Land and buildings [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 4,865 | 4,959 | ||
Land and buildings [member] | Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 7,035 | |||
Land and buildings [member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (1,937) | |||
Land and buildings [member] | Accumulated impairment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (233) | |||
Network infrastructure [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 1,931 | 1,524 | ||
Network infrastructure [member] | Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 2,540 | |||
Network infrastructure [member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (609) | |||
IFRS Technology Equipment [Member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 30 | 29 | ||
IFRS Technology Equipment [Member] | Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 120 | |||
IFRS Technology Equipment [Member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (90) | |||
IFRS Technology Equipment [Member] | Accumulated impairment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 0 | |||
Other right-of-use assets [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 184 | € 188 | ||
Other right-of-use assets [member] | Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 304 | |||
Other right-of-use assets [member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (121) | |||
Other right-of-use assets [member] | Accumulated impairment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | € 0 |
Lease agreements - Right-of-u_2
Lease agreements - Right-of-use assets - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Presentation of leases for lessee [abstract] | ||
Net book value of right-of-use assets - in the opening balance | € 6,700 | € 6,790 |
Increase (new right-of-use assets) | 1,529 | 1,014 |
Impact of changes in the scope of consolidation | 1 | 18 |
Depreciation and amortization | (1,384) | (1,274) |
Impairment | (57) | (33) |
Impact of changes in the assessments | 331 | 187 |
Translation adjustment | (104) | 26 |
Reclassifications and other items | (7) | (28) |
Net book value of right-of-use assets - in the closing balance | € 7,009 | € 6,700 |
Lease agreements - Lease liabil
Lease agreements - Lease liabilities - General information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Presentation of leases for lessee [abstract] | ||||
Total lease liabilities | € 7,371 | € 6,932 | € 6,531 | |
Non-current lease liabilities | 5,875 | 5,593 | € 5,609 | |
Current lease liabilities | € 1,496 | € 1,339 | € 1,363 |
Lease agreements - Lease liab_2
Lease agreements - Lease liabilities - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Presentation of leases for lessee [abstract] | ||
Lease liabilities - in the opening balance | € 6,932 | € 6,531 |
Increase with counterpart in right of use | 1,582 | 1,580 |
Impact of changes in the scope of consolidation | 1 | 18 |
Decrease in lease liabilites following rental payments | (1,400) | (1,429) |
Impact of changes in the assessments | 326 | 187 |
Translation adjustment | (96) | 24 |
Reclassifications and other items | 26 | 21 |
Lease liabilities - in the closing balance | € 7,371 | € 6,932 |
Lease agreements - Lease liab_3
Lease agreements - Lease liabilities - Undiscounted future cash flows of lease liabilities (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | € 8,025 |
Not later than one year [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 1,581 |
Later than one year and not later than two years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 1,273 |
Later than two years and not later than three years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 1,047 |
Later than three years and not later than four years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 879 |
Later than four years and not later than five years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 763 |
Later than five years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | € 2,482 |
Lease agreements - Right-of-u_3
Lease agreements - Right-of-use assets - Additional Information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Depreciation and amortization | € (1,384) | € (1,274) |
Rental expense recognized in external purchases | (151) | (241) |
Replacement value of leased assets for which exemption has been used, maximum | 5,000 | |
Land and buildings [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Depreciation and amortization | (947) | (908) |
Network infrastructure [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Depreciation and amortization | (358) | (301) |
IFRS Technology Equipment [Member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Depreciation and amortization | (13) | (12) |
Other right-of-use assets [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Depreciation and amortization | € (65) | € (53) |
Taxes - Operating taxes and lev
Taxes - Operating taxes and levies - Income statement components (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Major components of tax expense (income) [abstract] | |||
Territorial Economic Contribution, IFER and similar taxes | € (795) | € (758) | € (820) |
Spectrum fees | (341) | (329) | (309) |
Levies on telecommunication services | (319) | (276) | (286) |
Other operating taxes and levies | (469) | (465) | (425) |
Total | (1,924) | € (1,827) | € (1,840) |
Value-added contribution | € 320 |
Taxes - Operating taxes and l_2
Taxes - Operating taxes and levies - Geographical area (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | € (1,924) | € (1,827) | € (1,840) |
France tax group subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | (1,118) | (1,064) | (1,140) |
Africa & Middle-East subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | (552) | (495) | (391) |
Spain subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | (148) | (160) | (192) |
Other subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | € (106) | € (108) | € (117) |
Taxes - Operating taxes and l_3
Taxes - Operating taxes and levies - Statement of financial position components (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Major components of tax expense (income) [abstract] | ||||
Value added tax | € 966 | € 996 | € 953 | |
Other operating taxes and levies | 138 | 94 | 74 | |
Operating taxes and levies - receivables | 1,104 | 1,090 | 1,027 | |
Value added tax | (652) | (649) | (647) | |
Territorial Economic Contribution, IFER and similar taxes | (87) | (90) | (94) | |
Spectrum fees | (21) | (22) | (29) | |
Levies on telecommunication services | (128) | (118) | (113) | |
Other operating taxes and levies | (391) | (408) | (439) | |
Operating taxes and levies - payables | (1,279) | (1,287) | (1,322) | |
Operating taxes and levies - net | (175) | € (197) | € (295) | € (217) |
Value-added contribution payable | € 19 |
Taxes - Operating taxes and l_4
Taxes - Operating taxes and levies - Operating taxes and levies payable - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Major components of tax expense (income) [abstract] | |||
Net operating taxes and levies (payables) in the opening balance | € (197) | € (295) | € (217) |
Operating taxes and levies recognized in profit or loss | (1,924) | (1,827) | (1,840) |
Operating taxes and levies paid | 1,929 | 1,939 | 1,777 |
Changes in the scope of consolidation | 3 | (13) | |
Translation adjustment | 20 | (16) | (3) |
Reclassifications and other items | (3) | (1) | 1 |
Net operating taxes and levies (payables) in the closing balance | € (175) | € (197) | € (295) |
Taxes - Income tax - Tabular di
Taxes - Income tax - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | |||
Total Income tax | € 848 | € (1,447) | € (1,309) |
Current tax | 1,245 | (1,093) | (1,112) |
Deferred tax | (396) | (354) | (197) |
France tax group subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income tax | 1,556 | (875) | (702) |
Current tax | 1,801 | (559) | (595) |
Deferred tax | (246) | (316) | (107) |
Spain subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income tax | (146) | (123) | (164) |
Current tax | (40) | (84) | (65) |
Deferred tax | (106) | (39) | (99) |
Africa & Middle-East subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income tax | (341) | (296) | (255) |
Current tax | (343) | (294) | (258) |
Deferred tax | 2 | (1) | 3 |
United Kingdom subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income tax | (137) | (66) | (66) |
Current tax | (75) | (66) | (66) |
Deferred tax | (63) | 0 | 0 |
Other subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income tax | (83) | (86) | (122) |
Current tax | (99) | (89) | (128) |
Deferred tax | € 16 | € 3 | € 6 |
Taxes - Income tax - Current ta
Taxes - Income tax - Current tax by geographical area or by tax group (Details) - EUR (€) € in Millions | Nov. 13, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of subsidiaries [line items] | ||||
Total current tax expense (income) and adjustments for current tax of prior periods | € 1,245 | € (1,093) | € (1,112) | |
Tax dispute for fiscal years 2005-2006 | € 2,246 | 2,246 | ||
Current tax | (1,001) | |||
France tax group subsidiaries [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total current tax expense (income) and adjustments for current tax of prior periods | 1,801 | (559) | (595) | |
Tax dispute for fiscal years 2005-2006 | € 2,246,000 | 2,246 | ||
Current tax | (444) | (559) | (595) | |
Africa & Middle-East subsidiaries [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total current tax expense (income) and adjustments for current tax of prior periods | (343) | (294) | (258) | |
Current tax | (343) | (294) | (258) | |
United Kingdom subsidiaries [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total current tax expense (income) and adjustments for current tax of prior periods | (75) | (66) | (66) | |
Current tax | (75) | (66) | (66) | |
Spain subsidiaries [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total current tax expense (income) and adjustments for current tax of prior periods | (40) | (84) | (65) | |
Current tax | (40) | (84) | (65) | |
Other subsidiaries [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total current tax expense (income) and adjustments for current tax of prior periods | (99) | (89) | (128) | |
Current tax | € (99) | € (89) | € (128) |
Taxes - Income tax - Additional
Taxes - Income tax - Additional information (Details) - EUR (€) € in Millions | Nov. 13, 2020 | Apr. 01, 2017 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2013 |
Disclosure of subsidiaries [line items] | ||||||||
Current tax | € 1,001 | |||||||
Tax dispute for fiscal years 2005-2006 | € 2,246 | 2,246 | ||||||
Tax expense in absence of tax income related to the tax dispute | € (1,397) | |||||||
Corporate tax rate originally planned (as a percent) | 17.00% | |||||||
Corporate tax rate (as a percent) | 19.00% | |||||||
Increase of deferred tax liabilities | € (63) | |||||||
Interest related to tax income related to the tax dispute in France for fiscal years 2005-2006 | 646 | |||||||
Current tax expense | 1,001 | |||||||
France tax group subsidiaries [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Current tax | 444 | € 559 | € 595 | |||||
Tax dispute for fiscal years 2005-2006 | € 2,246,000 | 2,246 | ||||||
Tax expense in absence of tax income related to the tax dispute | € (690) | |||||||
Corporate tax rate originally planned (as a percent) | 32.02% | 32.02% | ||||||
Corporate tax rate (as a percent) | 25.82% | 32.02% | 34.43% | 34.43% | ||||
Increase (decrease) in current tax expense (income) due to change in applicable tax rate | € 36 | |||||||
Additional tax expense due to the exceptional surtax | € 35 | |||||||
Percentage of taxable income (as a percent) | 100.00% | |||||||
Principal and late payment interest claimed | € 2,100 | |||||||
Current tax expense | 444 | € 559 | € 595 | |||||
Spain subsidiaries [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Current tax | € 40 | 84 | 65 | |||||
Corporate tax rate (as a percent) | 25.00% | |||||||
Percentage of taxable income restriction (as a percent) | 25.00% | |||||||
Deferred tax charge | € 102 | 42 | 86 | |||||
Current tax expense | € 40 | 84 | 65 | |||||
Spain subsidiaries [member] | Bottom of range [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Percentage of taxable income (as a percent) | 75.00% | |||||||
Africa & Middle-East subsidiaries [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Current tax | € 343 | 294 | 258 | |||||
Current tax expense | 343 | 294 | 258 | |||||
United Kingdom subsidiaries [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Current tax | € 75 | 66 | 66 | |||||
Corporate tax rate (as a percent) | 19.00% | 19.00% | ||||||
Current tax expense | € 75 | € 66 | € 66 | |||||
Subsequent event [member] | France tax group subsidiaries [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Corporate tax rate originally planned (as a percent) | 25.82% | 28.41% | ||||||
Corporate tax rate (as a percent) | 25.82% | |||||||
SENEGAL | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Current tax | € 54 | |||||||
Corporate tax rate (as a percent) | 30.00% | |||||||
Current tax expense | € 54 | |||||||
MALI | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Current tax | € 62 | |||||||
Corporate tax rate (as a percent) | 30.00% | |||||||
Current tax expense | € 62 | |||||||
GUINEA | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Current tax | € 47 | |||||||
Corporate tax rate (as a percent) | 35.00% | |||||||
Current tax expense | € 47 | |||||||
Cte d'Ivoire | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Current tax | € 77 | |||||||
Corporate tax rate (as a percent) | 30.00% | |||||||
Current tax expense | € 77 |
Taxes - Income tax - Effective
Taxes - Income tax - Effective income tax on continuing operations - Statutory tax rate in France (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | ||||
Corporate tax rate (as a percent) | 19.00% | |||
Current income tax charge | € 1,001 | |||
Increase of deferred tax liabilities | € (63) | |||
Corporate tax rate originally planned (as a percent) | 17.00% | |||
France tax group subsidiaries [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Corporate tax rate (as a percent) | 25.82% | 32.02% | 34.43% | 34.43% |
Current income tax charge | € 444 | € 559 | € 595 | |
Corporate tax rate originally planned (as a percent) | 32.02% | 32.02% | ||
Africa & Middle-East subsidiaries [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current income tax charge | € 343 | € 294 | € 258 | |
Cte d'Ivoire | ||||
Disclosure of subsidiaries [line items] | ||||
Corporate tax rate (as a percent) | 30.00% | |||
Current income tax charge | € 77 | |||
MALI | ||||
Disclosure of subsidiaries [line items] | ||||
Corporate tax rate (as a percent) | 30.00% | |||
Current income tax charge | € 62 | |||
SENEGAL | ||||
Disclosure of subsidiaries [line items] | ||||
Corporate tax rate (as a percent) | 30.00% | |||
Current income tax charge | € 54 | |||
GUINEA | ||||
Disclosure of subsidiaries [line items] | ||||
Corporate tax rate (as a percent) | 35.00% | |||
Current income tax charge | € 47 |
Taxes - Income tax - Effectiv_2
Taxes - Income tax - Effective income tax on continuing operations - Tabular disclosure (Details) - EUR (€) € in Millions | Nov. 13, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Major components of tax expense (income) [abstract] | ||||
Profit before tax of continuing operations | € 4,207 | € 4,669 | € 3,467 | |
Statutory tax rate (as a percent) | 19.00% | |||
Theoretical income tax | € (1,347) | (1,608) | (1,194) | |
Impairment of goodwill | (19) | (19) | ||
Impairment of BT shares | (34) | (30) | ||
Share of profits (losses) of associates and joint ventures | (1) | 3 | 1 | |
Adjustment of prior-year taxes | 1 | 10 | 23 | |
Recognition / (derecognition) of deferred tax assets | (98) | (36) | (151) | |
Difference in tax rates | 157 | 192 | 189 | |
Change in applicable tax rates | (92) | 43 | (84) | |
Tax dispute for fiscal years 2005-2006 | € 2,246 | 2,246 | ||
Other reconciling items | (18) | 2 | (44) | |
Total Income tax | € 848 | € (1,447) | € (1,309) | |
Effective tax rate (as a percent) | (20.17%) | 30.99% | 37.75% |
Taxes - Income tax - Effectiv_3
Taxes - Income tax - Effective income tax on continuing operations - Additional information - Statutory rates (Details) | Apr. 01, 2017 | Dec. 31, 2022 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of subsidiaries [line items] | |||||
Statutory tax rate (as a percent) | 19.00% | ||||
Effective tax rate on tax dispute | (53.30%) | ||||
Effective tax rate excluding tax dispute | 33.20% | ||||
France tax group subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Statutory tax rate (as a percent) | 25.82% | 32.02% | 34.43% | 34.43% | |
United Kingdom subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Statutory tax rate (as a percent) | 19.00% | 19.00% | |||
Spain subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Statutory tax rate (as a percent) | 25.00% |
Taxes - Income tax - Corporate
Taxes - Income tax - Corporate income tax on other comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Major components of tax expense (income) [abstract] | |||
Actuarial gains and losses on post-employment benefits, gross amount | € (31) | € (109) | € 45 |
Assets at fair value, gross amount | 94 | (16) | (30) |
Cash flow hedges, gross amount | 22 | 144 | (67) |
Translation adjustment, gross amount | (414) | 78 | (7) |
Total presented in other comprehensive income, gross amount | (328) | 97 | (59) |
Actuarial gains and losses on post-employment benefits, deferred tax | 6 | 30 | (6) |
Cash flow hedges, deferred tax | (10) | (47) | 18 |
Total presented in other comprehensive income, deferred tax | € (4) | € (17) | € 12 |
Taxes - Income tax - Tax positi
Taxes - Income tax - Tax position in the statement of financial position (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | € 128 | € 120 | € 119 | ||
Current tax liabilities, current | 673 | 748 | 755 | ||
Net current tax | (545) | (629) | (636) | € (464) | |
Deferred tax asset | 731 | 992 | € 2,893 | 1,366 | |
Deferred tax liability | 855 | 703 | € 2,156 | 631 | |
Net deferred tax | (124) | 289 | 735 | € 931 | |
France tax group subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax liabilities, current | 359 | 385 | 438 | ||
Net current tax | (359) | (385) | (438) | ||
Deferred tax asset | 384 | 633 | 977 | ||
Net deferred tax | 384 | 633 | 977 | ||
Spain subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | 12 | ||||
Current tax liabilities, current | 32 | 4 | |||
Net current tax | 12 | (32) | (4) | ||
Deferred tax asset | 11 | 50 | |||
Deferred tax liability | 95 | ||||
Net deferred tax | (95) | 11 | 50 | ||
Africa & Middle-East subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | 45 | 43 | 32 | ||
Current tax liabilities, current | 228 | 212 | 182 | ||
Net current tax | (183) | (168) | (150) | ||
Deferred tax asset | 103 | 92 | 84 | ||
Deferred tax liability | 55 | 55 | 42 | ||
Net deferred tax | 48 | 37 | 42 | ||
United Kingdom subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax liabilities, current | 4 | 30 | 34 | ||
Net current tax | (4) | (30) | (34) | ||
Deferred tax asset | 1 | ||||
Deferred tax liability | 600 | 539 | 531 | ||
Net deferred tax | (600) | (538) | (531) | ||
Other subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | 70 | 76 | 87 | ||
Current tax liabilities, current | 82 | 90 | 97 | ||
Net current tax | (12) | (14) | (10) | ||
Deferred tax asset | 244 | 255 | 255 | ||
Deferred tax liability | 105 | 108 | 58 | ||
Net deferred tax | € 139 | € 147 | € 197 |
Taxes - Income tax - Net curren
Taxes - Income tax - Net current tax - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Major components of tax expense (income) [abstract] | |||
Net current tax assets / (liabilities) in the opening balance | € (629) | € (636) | € (464) |
Cash tax payments | 1,086 | 1,079 | 928 |
Cash tax payments including tax dispute reimbursement | (1,160) | ||
Change in income statement | 1,245 | (1,093) | (1,116) |
Change in retained earnings | (2) | 48 | 0 |
Changes in the scope of consolidation | 0 | (1) | 19 |
Translation adjustment | 4 | (1) | (3) |
Reclassifications and other items | (4) | (24) | |
Net current tax assets / (liabilities) in the closing balance | € (545) | € (629) | € (636) |
Taxes - Income tax - Net curr_2
Taxes - Income tax - Net current tax - Reconciliation - Additional information (Details) - EUR (€) € in Millions | Nov. 13, 2020 | Dec. 31, 2020 |
Disclosure of subsidiaries [line items] | ||
Tax dispute for fiscal years 2005-2006 | € 2,246 | € 2,246 |
France tax group subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Tax dispute for fiscal years 2005-2006 | € 2,246,000 | € 2,246 |
Taxes - Income tax - Net deferr
Taxes - Income tax - Net deferred tax - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Major components of tax expense (income) [abstract] | |||
Net deferred tax assets - opening balance | € 289 | € 735 | € 931 |
Change in income statement | (396) | (354) | (197) |
Change in other comprehensive income | (4) | (17) | 12 |
Change in retained earnings | 4 | ||
Change in the scope of consolidation | (2) | (76) | (10) |
Translation adjustment | (10) | 0 | (7) |
Reclassifications and other items | (2) | (3) | 6 |
Net deferred tax assets - closing balance | € (124) | € 289 | € 735 |
Taxes - Income tax - Deferred t
Taxes - Income tax - Deferred tax assets and liabilities by type - Assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Deferred tax asset | € 7,685 | € 8,025 | € 6,713 | |
Depreciation of deferred tax assets | (3,714) | (3,661) | (3,709) | |
Netting assets | (3,241) | (3,372) | (1,638) | |
Total asset | 731 | 992 | € 2,893 | 1,366 |
Deferred tax liability | 4,096 | 4,074 | 2,269 | |
Netting liabilities | (3,241) | (3,372) | (1,638) | |
Total liability | 855 | 703 | € 2,156 | 631 |
Provisions for employee benefit obligations [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Deferred tax asset | 556 | 704 | 833 | |
Fixed assets [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Deferred tax asset | 552 | 614 | 721 | |
Deferred tax liability | 1,275 | 1,216 | 1,123 | |
Unused tax losses [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Deferred tax asset | 3,887 | 3,895 | 3,914 | |
Other temporary differences [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Deferred tax asset | 2,690 | 2,812 | 1,245 | |
Deferred tax liability | € 2,821 | € 2,858 | € 1,146 |
Taxes - Income tax - Deferred_2
Taxes - Income tax - Deferred tax assets and liabilities by type - Income statement (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | € 327 | € 312 | € 198 |
Unrecognized deferred tax assets, income statement | (69) | (41) | 1 |
Total, income statement | (396) | (354) | (197) |
Provisions for employee benefit obligations [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | 154 | 169 | 25 |
Fixed assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | 111 | 68 | 26 |
Unused tax losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | (8) | (8) | 105 |
Other temporary differences [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | € 71 | € 83 | € 42 |
Taxes - Income tax - Deferred_3
Taxes - Income tax - Deferred tax assets and liabilities by type - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of subsidiaries [line items] | |||
Unrecognized deferred tax assets | € 3,714 | € 3,661 | € 3,709 |
Spain subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Unrecognized deferred tax assets | 2,100 | ||
Deferred tax assets recognized | 500 | ||
Belgian subsidiaries other than Orange Belgium [member] | |||
Disclosure of subsidiaries [line items] | |||
Unrecognized deferred tax assets | € 800 |
Interests in associates and j_3
Interests in associates and joint ventures - Interest joint ventures (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | |
Mauritius Telecom [member] | |||
Disclosure of joint ventures [line items] | |||
Main co-shareholders ownership interest in joint venture | 33 | ||
Ownership interest in joint venture | 40.00% | ||
Investments in joint ventures accounted for using equity method | € 70 | € 83 | € 81 |
Other joint venture [member] | |||
Disclosure of joint ventures [line items] | |||
Investments in joint ventures accounted for using equity method | € 10 | € 5 | € 2 |
Interests in associates and j_4
Interests in associates and joint ventures - Interest in associates (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | |
Odyssey Music Group [member] | |||
Disclosure of associates [line items] | |||
Main co-shareholders ownership interest in associate | 45 | ||
Ownership interest (as a percent) | 11.00% | ||
Investments in associates accounted for using equity method | € 5 | € 7 | € 13 |
IRISnet [member] | |||
Disclosure of associates [line items] | |||
Main co-shareholders ownership interest in associate | 53 | ||
Ownership interest (as a percent) | 15.00% | ||
Investments in associates accounted for using equity method | € 5 | 5 | 4 |
Other associates [member] | |||
Disclosure of associates [line items] | |||
Investments in associates accounted for using equity method | € 8 | € 3 | € 4 |
Interests in associates and j_5
Interests in associates and joint ventures - Total (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Investments accounted for using equity method [abstract] | |||
Total investments accounted for using equity method | € 98 | € 103 | € 104 |
Interests in associates and j_6
Interests in associates and joint ventures - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of interests in associates and joint ventures [abstract] | |||
Interests in associates in the opening balance | € 103 | € 104 | € 77 |
Dividends | (4) | (2) | (3) |
Share of profits (losses) | (2) | 8 | 3 |
Impairment | 0 | 0 | |
Change in components of other comprehensive income | 0 | ||
Changes in the scope of consolidation | 0 | 2 | (1) |
Translation adjustment | (12) | (4) | 5 |
Reclassifications and other items | 13 | (5) | 23 |
Interests in associates in the closing balance | € 98 | € 103 | € 104 |
Interests in associates and j_7
Interests in associates and joint ventures - Summarized asset and liability information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of interests in associates and joint ventures [abstract] | |||
Non-current financial assets | € 9 | € 0 | |
Trade receivables | 39 | € 37 | 31 |
Current financial assets | 5 | 2 | (1) |
Other current assets | 0 | 1 | |
Current financial liabilities | 0 | 7 | |
Trade payables | 5 | 10 | 9 |
Other current liabilities | 0 | 0 | 0 |
Deferred income | € 3 | € 0 | € 0 |
Interests in associates and j_8
Interests in associates and joint ventures - Summarized income statement information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of interests in associates and joint ventures [abstract] | |||
Revenue | € 14 | € 10 | € 13 |
External purchases and other operating expenses | (29) | (10) | (66) |
Other operating income | (8) | (7) | € (8) |
Finance cost, net | € 0 | € 1 |
Financial assets, liabilities_3
Financial assets, liabilities and financial result (excluding Orange Bank) - Financial assets and liabilities - Tabular disclosure - Segments (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | |||||
Noncurrent financial assets related to Mobile Financial Services activities | € 1,210 | € 1,259 | € 1,617 | ||
Non-current financial assets | 1,516 | 1,208 | 2,282 | ||
Non-current derivatives, assets | 132 | 562 | 263 | ||
Current financial assets related to Mobile Financial Services activities | 2,075 | 3,095 | 3,075 | ||
Current financial assets | 3,259 | 4,766 | 2,748 | ||
Current derivatives, assets | 162 | 12 | 139 | ||
Cash and cash equivalents | 8,145 | 6,481 | 5,634 | € 5,810 | |
Non-current financial liabilities related to Mobile Financial Services activities | 0 | 0 | |||
Non-current financial liabilities | 30,089 | 33,148 | € 26,322 | 26,749 | |
Non-current derivatives liabilities | 844 | 487 | 775 | ||
Current financial liabilities related to Mobile Financial Services activities | 3,128 | 4,279 | 4,835 | ||
Current financial liabilities | 5,170 | 3,925 | € 7,103 | 7,270 | |
Current derivatives liabilities | 35 | 22 | 133 | ||
Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | 1,544 | ||||
Non-current derivatives, assets | 132 | ||||
Current financial assets | 3,259 | ||||
Current derivatives, assets | 162 | ||||
Cash and cash equivalents | 7,891 | 6,112 | 5,081 | 5,333 | |
Non-current financial liabilities | 30,089 | ||||
Non-current derivatives liabilities | 769 | ||||
Current financial liabilities | 5,172 | ||||
Current derivatives liabilities | 35 | ||||
Operating segments [member] | Mobile Financial Services, operating segment [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Noncurrent financial assets related to Mobile Financial Services activities | 1,210 | ||||
Current financial assets related to Mobile Financial Services activities | 2,077 | 3,098 | 3,075 | ||
Cash and cash equivalents | 254 | 369 | 553 | € 477 | |
Non-current financial liabilities related to Mobile Financial Services activities | 27 | ||||
Non-current derivatives liabilities | 75 | ||||
Current financial liabilities related to Mobile Financial Services activities | 3,128 | € 4,280 | € 4,835 | ||
Elimination of intersegment amounts [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | (27) | ||||
Current financial assets related to Mobile Financial Services activities | (2) | ||||
Non-current financial liabilities related to Mobile Financial Services activities | (27) | ||||
Current financial liabilities | (2) | ||||
Elimination of intersegment amounts [member] | Telecom activities, operating segment [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | (27) | ||||
Current financial assets related to Mobile Financial Services activities | (2) | ||||
Non-current financial liabilities related to Mobile Financial Services activities | (27) | ||||
Current financial liabilities | € (2) |
Financial assets, liabilities_4
Financial assets, liabilities and financial result (excluding Orange Bank) - Profit and losses - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Gains (losses) on assets contributing to net financial debt | € (1) | € 5 | € 9 |
Foreign exchange gain (loss) | (103) | 76 | (4) |
Finance costs, net | (1,314) | (1,261) | (1,362) |
Operating segments [member] | Telecom activities, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Costs of gross financial debt | (1,100) | (1,109) | (1,341) |
Gains (losses) on assets contributing to net financial debt | (1) | 5 | 9 |
Costs of net financial debt | (1,102) | (1,104) | (1,332) |
Foreign exchange gain (loss) | (103) | 76 | (4) |
Other net financial expenses | (110) | (233) | (26) |
Finance costs, net | (1,314) | (1,261) | (1,362) |
Other comprehensive income | 116 | 119 | (89) |
Operating segments [member] | Telecom activities, operating segment [member] | Financial assets, class [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gains (losses) on assets contributing to net financial debt | (1) | 5 | 9 |
Costs of net financial debt | (1) | 5 | 9 |
Foreign exchange gain (loss) | (151) | 31 | (17) |
Other net financial expenses | 39 | (65) | 16 |
Other comprehensive income | 94 | (25) | (22) |
Operating segments [member] | Telecom activities, operating segment [member] | Financial liabilities, class [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Costs of gross financial debt | (1,152) | (1,255) | (1,395) |
Costs of net financial debt | (1,152) | (1,255) | (1,395) |
Foreign exchange gain (loss) | 623 | (351) | (353) |
Other net financial expenses | 0 | ||
Operating segments [member] | Telecom activities, operating segment [member] | Lease liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Other net financial expenses | (120) | (129) | |
Operating segments [member] | Telecom activities, operating segment [member] | Derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Costs of gross financial debt | 52 | 146 | 54 |
Costs of net financial debt | 52 | 146 | 54 |
Foreign exchange gain (loss) | (576) | 397 | 366 |
Other net financial expenses | 0 | ||
Other comprehensive income | 22 | 144 | (67) |
Operating segments [member] | Telecom activities, operating segment [member] | Discounting expense [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Other net financial expenses | € (29) | € (39) | € (42) |
Financial assets, liabilities_5
Financial assets, liabilities and financial result (excluding Orange Bank) - Other gains or losses (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Interests on debts related to financed assets | € (1) | € (1) | |
Interests on lease liabilities | (120) | (129) | |
Effects resulting from BT stake | (119) | € (51) | |
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Effects resulting from BT stake | (119) | (51) | |
Other gains and (losses), foreign exchange gains and (losses) on receivables, supplier payables and associated derivative hedges | € 16 | € (7) | € 3 |
Financial assets, liabilities_6
Financial assets, liabilities and financial result (excluding Orange Bank) - Net financial debt - Tabular disclosure (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | € 35,260 | € 37,076 | € 34,019 |
Derivatives liabilities current and non-current | 804 | 436 | 845 |
Derivative assets current and non-current | (294) | (573) | (385) |
Other comprehensive income components related to unmatured hedging instruments | (541) | (542) | (721) |
Gross financial debt after derivatives | 35,229 | 36,397 | 33,758 |
Assets included in the calculation of net financial debt | (11,740) | (10,931) | (8,317) |
Net financial debt | 23,489 | 25,466 | 25,441 |
Cash collateral paid [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (642) | (123) | (553) |
Investments at fair value [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (3,206) | (4,696) | (2,683) |
IFRS Cash Equivalents [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (5,140) | (3,651) | (2,523) |
IFRS Cash [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (2,751) | (2,462) | (2,558) |
TDIRA [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 636 | 822 | 822 |
Bonds, financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 29,848 | 30,893 | 27,070 |
Bank loans and from development organizations and multilateral lending institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 3,671 | 4,013 | 3,664 |
Debt relating to financed assets [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 295 | 125 | |
Finance lease liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 584 | ||
Cash collateral received [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 31 | 261 | 82 |
NEU Commercial Paper | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 555 | 158 | 1,116 |
IFRS Bank Overdrafts [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 154 | 203 | 318 |
Other financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | € 70 | € 602 | € 363 |
Financial assets, liabilities_7
Financial assets, liabilities and financial result (excluding Orange Bank) - Net financial debt - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Subordinated notes reclassified as a short term liability | € 500 | ||
Parent Company [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net financial debt | € 22,843 | ||
The proportion of the company's share of net financial debt to the Group's total net financial debt | 97.00% | ||
Operating segments [member] | Telecom activities, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net financial debt | € 23,489 | € 25,466 | € 25,441 |
Financial assets, liabilities_8
Financial assets, liabilities and financial result (excluding Orange Bank) - Cash flows disclosed in financing activities - Financial liabilities (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Cash flows | € (1,793) | € 3,253 | € 1,078 |
Financial liabilities, class [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 37,076 | 34,019 | 32,475 |
Cash flows | (1,311) | 2,797 | 930 |
Changes in the scope of consolidation | 0 | 123 | 194 |
Foreign exchange movement | (663) | 398 | 353 |
Other | 157 | (261) | 67 |
Balance at end of period | 35,260 | 37,076 | 34,019 |
TDIRA [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 822 | 822 | 1,234 |
Cash flows | (185) | (443) | |
Other | (1) | 31 | |
Balance at end of period | 636 | 822 | 822 |
Bonds, financial liabilities [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 30,893 | 27,070 | 25,703 |
Cash flows | (389) | 3,391 | 1,136 |
Changes in the scope of consolidation | 148 | 5 | |
Foreign exchange movement | (624) | 346 | 321 |
Other | (31) | (63) | (95) |
Balance at end of period | 29,848 | 30,893 | 27,070 |
Bank loans and from development organizations and multilateral lending institutions [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 4,013 | 3,664 | 2,961 |
Cash flows | (322) | 335 | 613 |
Changes in the scope of consolidation | (30) | 14 | |
Foreign exchange movement | (25) | 36 | 20 |
Other | 5 | 8 | 56 |
Balance at end of period | 3,671 | 4,013 | 3,664 |
Finance lease liabilities [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 584 | 571 | |
Cash flows | (123) | ||
Changes in the scope of consolidation | 2 | ||
Foreign exchange movement | (1) | ||
Other | (584) | 135 | |
Balance at end of period | 584 | ||
Debt relating to financed assets [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 125 | ||
Cash flows | (60) | (17) | |
Other | 231 | 143 | |
Balance at end of period | 295 | 125 | |
Cash collateral received [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 261 | 82 | 21 |
Cash flows | (230) | 179 | 61 |
Other | 0 | 0 | |
Balance at end of period | 31 | 261 | 82 |
NEU Commercial Paper | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 158 | 1,116 | 1,358 |
Cash flows | 397 | (958) | (243) |
Foreign exchange movement | 0 | ||
Other | 0 | (1) | 1 |
Balance at end of period | 555 | 158 | 1,116 |
IFRS Bank Overdrafts [Member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 203 | 318 | 193 |
Cash flows | (37) | (123) | 82 |
Changes in the scope of consolidation | 0 | (4) | 38 |
Foreign exchange movement | (12) | 5 | 5 |
Other | 7 | ||
Balance at end of period | 154 | 203 | 318 |
Other financial liabilities [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 602 | 363 | 434 |
Cash flows | (484) | (10) | (153) |
Changes in the scope of consolidation | 9 | 135 | |
Foreign exchange movement | (2) | 10 | 8 |
Other | (46) | 229 | (61) |
Balance at end of period | 70 | 602 | 363 |
Derivatives [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | (138) | ||
Cash flows | 37 | 26 | 8 |
Changes in the scope of consolidation | (2) | ||
Foreign exchange movement | 641 | (376) | (339) |
Other | (29) | (246) | 62 |
Balance at end of period | 510 | (138) | |
Cash collateral paid [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | (123) | ||
Cash flows | (519) | 430 | € 140 |
Foreign exchange movement | 0 | 0 | |
Balance at end of period | € (642) | € (123) |
Financial assets, liabilities_9
Financial assets, liabilities and financial result (excluding Orange Bank) - Cash flows disclosed in financing activities - Net derivatives (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | € (1,793) | € 3,253 | € 1,078 |
Financial liabilities, class [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (1,311) | 2,797 | 930 |
Acquisition | 0 | 123 | 194 |
Foreign exchange movement | (663) | 398 | 353 |
Other | 157 | (261) | 67 |
TDIRA [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (185) | (443) | |
Other | (1) | 31 | |
Bonds, financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (389) | 3,391 | 1,136 |
Acquisition | 148 | 5 | |
Foreign exchange movement | (624) | 346 | 321 |
Other | (31) | (63) | (95) |
Bank loans and from development organizations and multilateral lending institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (322) | 335 | 613 |
Acquisition | (30) | 14 | |
Foreign exchange movement | (25) | 36 | 20 |
Other | 5 | 8 | 56 |
Finance lease liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (123) | ||
Acquisition | 2 | ||
Foreign exchange movement | (1) | ||
Other | (584) | 135 | |
Cash collateral received [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (230) | 179 | 61 |
Other | 0 | 0 | |
NEU Commercial Paper | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | 397 | (958) | (243) |
Foreign exchange movement | 0 | ||
Other | 0 | (1) | 1 |
IFRS Bank Overdrafts [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (37) | (123) | 82 |
Acquisition | 0 | (4) | 38 |
Foreign exchange movement | (12) | 5 | 5 |
Other | 7 | ||
Other financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (484) | (10) | (153) |
Acquisition | 9 | 135 | |
Foreign exchange movement | (2) | 10 | 8 |
Other | (46) | 229 | (61) |
Derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Balance at beginning of period | (138) | 460 | 729 |
Cash flows | 37 | 26 | 8 |
Acquisition | (2) | ||
Foreign exchange movement | 641 | (376) | (339) |
Other | (29) | (246) | 62 |
Balance at end of period | (138) | 460 | |
Cash collateral paid [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (519) | 430 | € 140 |
Foreign exchange movement | € 0 | € 0 |
Financial assets, liabilitie_10
Financial assets, liabilities and financial result (excluding Orange Bank) - Cash flows disclosed in financing activities - Financial assets (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of financial assets [line items] | |||
Cash flows | € (1,793) | € 3,253 | € 1,078 |
Financial liabilities, class [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (1,311) | 2,797 | 930 |
Acquisition | 0 | 123 | 194 |
Other | 157 | (261) | 67 |
TDIRA [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (185) | (443) | |
Other | (1) | 31 | |
Bonds, financial liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (389) | 3,391 | 1,136 |
Acquisition | 148 | 5 | |
Other | (31) | (63) | (95) |
Bank loans and from development organizations and multilateral lending institutions [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (322) | 335 | 613 |
Acquisition | (30) | 14 | |
Other | 5 | 8 | 56 |
Finance lease liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (123) | ||
Acquisition | 2 | ||
Other | (584) | 135 | |
Cash collateral received [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (230) | 179 | 61 |
Other | 0 | 0 | |
NEU Commercial Paper | |||
Disclosure of financial assets [line items] | |||
Cash flows | 397 | (958) | (243) |
Other | 0 | (1) | 1 |
IFRS Bank Overdrafts [Member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (37) | (123) | 82 |
Acquisition | 0 | (4) | 38 |
Other | 7 | ||
Other financial liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (484) | (10) | (153) |
Acquisition | 9 | 135 | |
Other | (46) | 229 | (61) |
Derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | 37 | 26 | 8 |
Acquisition | (2) | ||
Other | (29) | (246) | 62 |
Cash collateral paid [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of period | (123) | (555) | (695) |
Cash flows | € (519) | 430 | 140 |
Balance at end of period | € (123) | € (555) |
Financial assets, liabilitie_11
Financial assets, liabilities and financial result (excluding Orange Bank) - Net financial debt by currency (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | € 35,229 | € 36,397 | € 33,758 |
Financial assets included in the calculation of net financial debt | (11,740) | (10,931) | (8,317) |
Net debt by currency before effect of foreign exchange derivatives | 23,489 | ||
Net financial debt | 23,489 | € 25,466 | € 25,441 |
Euro Member Countries, Euro | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 24,822 | ||
Financial assets included in the calculation of net financial debt | (10,558) | ||
Net debt by currency before effect of foreign exchange derivatives | 14,263 | ||
Effect of foreign exchange derivatives | 7,858 | ||
Net financial debt | 22,121 | ||
United States of America, Dollars | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 4,342 | ||
Financial assets included in the calculation of net financial debt | (104) | ||
Net debt by currency before effect of foreign exchange derivatives | 4,238 | ||
Effect of foreign exchange derivatives | (4,281) | ||
Net financial debt | (43) | ||
United Kingdom, Pounds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 3,331 | ||
Financial assets included in the calculation of net financial debt | (113) | ||
Net debt by currency before effect of foreign exchange derivatives | 3,218 | ||
Effect of foreign exchange derivatives | (4,364) | ||
Net financial debt | (1,146) | ||
Polish Zloty | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 35 | ||
Financial assets included in the calculation of net financial debt | (83) | ||
Net debt by currency before effect of foreign exchange derivatives | (49) | ||
Effect of foreign exchange derivatives | 1,289 | ||
Net financial debt | 1,240 | ||
Egyptian Pound | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 201 | ||
Financial assets included in the calculation of net financial debt | (27) | ||
Net debt by currency before effect of foreign exchange derivatives | 174 | ||
Net financial debt | 174 | ||
Jordan, Dinars | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 139 | ||
Financial assets included in the calculation of net financial debt | (42) | ||
Net debt by currency before effect of foreign exchange derivatives | 97 | ||
Net financial debt | 97 | ||
Morocco, Dirhams | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 485 | ||
Financial assets included in the calculation of net financial debt | (43) | ||
Net debt by currency before effect of foreign exchange derivatives | 442 | ||
Net financial debt | 442 | ||
Other currencies [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 1,875 | ||
Financial assets included in the calculation of net financial debt | (770) | ||
Net debt by currency before effect of foreign exchange derivatives | 1,105 | ||
Effect of foreign exchange derivatives | (502) | ||
Net financial debt | € 603 |
Financial assets, liabilitie_12
Financial assets, liabilities and financial result (excluding Orange Bank) - TDIRA - General information (Details) € in Millions | Dec. 31, 2020EUR (€)instrument | Dec. 31, 2019EUR (€)instrument | Dec. 31, 2018EUR (€)instrument | Jan. 01, 2010 | Feb. 24, 2003EUR (€) |
Disclosure of detailed information about borrowings [line items] | |||||
Number of TDIRA outstanding | instrument | 44,880 | ||||
Perpetual bonds redeemable for shares [member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Initial nominal value | € | € 633 | € 14,100 | |||
Number of TDIRA outstanding | instrument | 44,880 | 57,981 | 57,981 | ||
Number of shares issued on conversion of one bond | 590.600 | 300 | |||
Equity component before deferred taxes | € | € 152 | € 196 | € 196 | ||
Perpetual bonds redeemable for shares [member] | 3-month Euribor | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Adjustment to interest rate | 2.50% |
Financial assets, liabilitie_13
Financial assets, liabilities and financial result (excluding Orange Bank) - TDIRA - Tabular disclosure (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2020EUR (€)instrument | Dec. 31, 2019EUR (€)instrument | Dec. 31, 2018EUR (€)instrument | |
Disclosure of detailed information about borrowings [line items] | |||
Shares remain outstanding | instrument | 44,880 | ||
Perpetual bonds redeemable for shares [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Shares remain outstanding | instrument | 44,880 | 57,981 | 57,981 |
Equity component before deferred taxes | € 152 | € 196 | € 196 |
Debt component | 636 | 822 | 822 |
Accrued interests not yet due | 3 | 4 | 4 |
Paid interest | € 14 | € 18 | € 27 |
Financial assets, liabilitie_14
Financial assets, liabilities and financial result (excluding Orange Bank) - Bonds - Initial notional amount (Details) € in Millions, د.م. in Millions, £ in Millions, kr in Millions, $ in Millions, $ in Millions, in Millions | Dec. 31, 2020EUR (€) | Dec. 31, 2020XOF ( ) | Dec. 31, 2020GBP (£) | Dec. 31, 2020MAD (د.م.) | Dec. 31, 2020USD ($) | Dec. 31, 2020HKD ($) | Dec. 31, 2020NOK (kr) | Nov. 10, 2020GBP (£) | Jun. 27, 2017EUR (€) | Jun. 27, 2017GBP (£) |
Bonds maturing July 7, 2027 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | € 750 | |||||||||
Bonds maturing July 15, 2027 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 100,000 | 100,000 | ||||||||
Bonds maturing September 16, 2029 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 500 | |||||||||
Bonds maturing April 7, 2032 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 750 | |||||||||
Bonds maturing February 10, 2020, 4.2 percent [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 25 | |||||||||
Bonds maturing February 10, 2020, variable rate [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 25 | |||||||||
Bonds maturing April 9, 2020 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,000 | |||||||||
Bonds maturing November 10, 2020 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | £ | £ 450 | £ 450 | ||||||||
Bonds maturing January 14, 2021 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,250 | |||||||||
Bonds maturing June 27, 2021 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 517 | € 585 | £ 517 | |||||||
Bonds maturing September 14, 2021 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,000 | |||||||||
Bonds maturing October 13, 2021 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | £ | 255 | |||||||||
Bonds maturing December 21, 2021 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 272 | |||||||||
Bonds maturing January 15, 2022 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 650 | 650 | ||||||||
Bonds maturing June 15, 2022 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,000 | |||||||||
Bonds maturing September 16, 2022 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | $ | $ 500 | |||||||||
Bonds maturing February 6, 2023 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 150 | |||||||||
Bonds maturing March 1, 2023 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 500 | |||||||||
Bonds maturing September 11, 2023 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 750 | |||||||||
Bonds maturing October 6, 2023 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 700 | |||||||||
Bonds maturing December 22, 2023 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 410 | |||||||||
Bonds maturing January 9, 2024 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 650 | |||||||||
Bonds maturing July 15, 2024 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,250 | |||||||||
Bonds maturing May 12, 2025 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 750 | |||||||||
Bonds maturing September 12, 2025 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 800 | |||||||||
Bonds maturing September 17, 2025 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | $ | $ 500 | |||||||||
Bonds maturing November 24, 2025 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | $ | $ 400 | |||||||||
Bonds maturing December 5, 2025 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 350 | |||||||||
Bonds maturing December 18, 2025, 3.97 percent [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,090 | د.م. 1,090 | ||||||||
Bonds maturing December 18, 2025, variable rate [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 720 | 720 | ||||||||
Bonds maturing September 4, 2026 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 750 | |||||||||
Bonds maturing November 30, 2026 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | kr | kr 75 | |||||||||
Bonds maturing December 10, 2026 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,002 | 1,002 | ||||||||
Bonds maturing December 10, 2026, variable rate [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 788 | 788 | ||||||||
Bonds maturing February 3, 2027 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 750 | |||||||||
Bonds maturing September 9, 2027 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 500 | |||||||||
Bonds maturing March 20, 2028 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | د.م. | 1,000 | |||||||||
Bonds maturing April 11, 2028 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | د.م. | د.م. 50 | |||||||||
Bonds maturing July 24, 2028 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | kr | kr 800 | |||||||||
Bonds maturing November 20, 2028 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | £ | 500 | |||||||||
Bonds maturing January 15, 2029 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,250 | |||||||||
Bonds maturing April 11, 2029 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 150 | |||||||||
Bonds maturing June 22, 2029 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 100 | |||||||||
Bonds maturing January 16, 2030 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,000 | |||||||||
Bonds maturing September 12, 2030 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,200 | |||||||||
Bonds maturing September 17, 2030 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 105 | |||||||||
Bonds maturing November 6, 2030 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 100 | |||||||||
Bonds maturing March 1, 2031 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 2,500 | |||||||||
Bonds maturing May 29, 2031 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 300 | |||||||||
Bonds maturing December 5, 2031 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 50 | |||||||||
Bonds maturing December 8, 2031 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 50 | |||||||||
Bonds maturing January 5, 2032 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 50 | |||||||||
Bonds maturing January 15, 2032 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 750 | |||||||||
Bonds maturing September 4, 2032 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,000 | |||||||||
Bonds maturing January 28, 2033 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 1,500 | |||||||||
Bonds maturing September 30, 2033 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 55 | |||||||||
Bonds maturing January 23, 2034 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 500 | |||||||||
Bonds maturing June 12, 2034 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 939 | |||||||||
Bonds maturing July 11, 2034 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | £ | 300 | |||||||||
Bonds maturing April 16, 2038 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 50 | |||||||||
Bonds maturing January 13, 2042 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 900 | |||||||||
Bonds maturing February 6, 2044 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | 850 | |||||||||
Bonds maturing September 4, 2049 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | € 750 | |||||||||
Bonds maturing November 22, 2050 [member] | ||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||
Initial nominal value | £ | £ 500 |
Financial assets, liabilitie_15
Financial assets, liabilities and financial result (excluding Orange Bank) - Bonds - Interest rates (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Jun. 27, 2017 | Mar. 31, 2014 | |
Disclosure of detailed information about borrowings [line items] | |||
Total of issuances | € 2,152 | ||
Total of repayments | € (2,548) | ||
Bonds maturing February 10, 2020, 4.2 percent [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 4.20% | ||
Total of repayments | € (25) | ||
Bonds maturing February 10, 2020, variable rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total of repayments | € (25) | ||
Bonds maturing February 10, 2020, variable rate [member] | Ten year constant maturity swap rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate adjustment (as a percent) | 0.80% | ||
Bonds maturing April 9, 2020 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.875% | ||
Total of repayments | € (1,000) | ||
Bonds maturing November 10, 2020 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 7.25% | ||
Total of repayments | € (267) | ||
Bonds maturing January 14, 2021 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.875% | ||
Bonds maturing June 27, 2021 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.375% | 0.375% | |
Bonds maturing September 14, 2021 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 4.125% | ||
Bonds maturing October 13, 2021 [member] | Ten year constant maturity swap rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate adjustment (as a percent) | 0.69% | ||
Bonds maturing December 21, 2021 [member] | Ten year TEC rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate adjustment (as a percent) | 0.50% | ||
Bonds maturing January 15, 2022 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.50% | ||
Total of repayments | € (35) | ||
Bonds maturing June 15, 2022 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.00% | ||
Total of repayments | € (1,000) | ||
Bonds maturing September 16, 2022 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.375% | ||
Bonds maturing February 6, 2023 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total of repayments | € (150) | ||
Bonds maturing February 6, 2023 [member] | Three months Euribor [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate adjustment (as a percent) | 5.50% | ||
Bonds maturing March 1, 2023 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 2.50% | ||
Bonds maturing September 11, 2023 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.75% | ||
Bonds maturing October 6, 2023 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.23% | ||
Bonds maturing December 22, 2023 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.55% | ||
Bonds maturing January 9, 2024 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.125% | ||
Bonds maturing July 15, 2024 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.125% | ||
Bonds maturing May 12, 2025 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.00% | ||
Bonds maturing September 12, 2025 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.00% | ||
Bonds maturing September 17, 2025 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.35% | ||
Bonds maturing November 24, 2025 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.20% | ||
Bonds maturing December 5, 2025 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 5.25% | ||
Bonds maturing December 18, 2025, 3.97 percent [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.97% | ||
Total of repayments | € (9) | ||
Bonds maturing December 18, 2025, variable rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total of repayments | € (14) | ||
Bonds maturing December 18, 2025, variable rate [member] | One year BDT rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate adjustment (as a percent) | 1.00% | ||
Bonds maturing September 4, 2026 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.00% | ||
Bonds maturing November 30, 2026 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 4.125% | ||
Bonds maturing December 10, 2026 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.40% | ||
Total of repayments | € (13) | ||
Bonds maturing December 10, 2026, variable rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total of repayments | € (10) | ||
Bonds maturing December 10, 2026, variable rate [member] | One year BDT rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate adjustment (as a percent) | 0.85% | ||
Bonds maturing February 3, 2027 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.875% | ||
Bonds maturing July 7, 2027 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.25% | ||
Total of issuances | € 750 | ||
Bonds maturing July 15, 2027 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 6.50% | ||
Total of issuances | € 152 | ||
Bonds maturing September 9, 2027 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.50% | ||
Bonds maturing March 20, 2028 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.375% | ||
Bonds maturing April 11, 2028 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.22% | ||
Bonds maturing July 24, 2028 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 2.955% | ||
Bonds maturing November 20, 2028 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 8.125% | ||
Bonds maturing January 15, 2029 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 2.00% | ||
Bonds maturing April 11, 2029 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.30% | ||
Bonds maturing June 22, 2029 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.625% | ||
Bonds maturing September 16, 2029 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.125% | ||
Total of issuances | € 500 | ||
Bonds maturing January 16, 2030 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.375% | ||
Bonds maturing September 12, 2030 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.875% | ||
Bonds maturing September 17, 2030 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 2.60% | ||
Bonds maturing November 6, 2030 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.091% | ||
Bonds maturing November 6, 2030 [member] | Ten year constant maturity swap rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | (0.45%) | ||
Bonds maturing March 1, 2031 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 9.00% | 8.75% | |
Bonds maturing May 29, 2031 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.342% | ||
Bonds maturing December 5, 2031 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 4.30% | ||
Bonds maturing December 8, 2031 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 4.35% | ||
Bonds maturing January 5, 2032 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 4.45% | ||
Bonds maturing January 15, 2032 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.25% | ||
Bonds maturing April 7, 2032 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.625% | ||
Total of issuances | € 750 | ||
Bonds maturing September 4, 2032 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.50% | ||
Bonds maturing January 28, 2033 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 8.125% | ||
Bonds maturing September 30, 2033 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.75% | ||
Bonds maturing January 23, 2034 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 5.625% | ||
Bonds maturing June 12, 2034 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.07% | ||
Bonds maturing July 11, 2034 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.20% | ||
Bonds maturing April 16, 2038 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.50% | ||
Bonds maturing January 13, 2042 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 5.375% | ||
Bonds maturing February 6, 2044 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 5.50% | ||
Bonds maturing September 4, 2049 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.375% | ||
Bonds maturing November 22, 2050 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 5.375% |
Financial assets, liabilitie_16
Financial assets, liabilities and financial result (excluding Orange Bank) - Bonds - Outstanding amount (Details) € in Millions, $ in Billions | Dec. 31, 2020EUR (€) | Dec. 31, 2020USD ($) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) |
Bonds, financial liabilities [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | € 29,524 | € 30,537 | € 26,695 | |
Accrued interest | 487 | 532 | 527 | |
Amortized cost | (163) | (176) | (152) | |
Total debt amount in statement of financial position | 29,848 | 30,893 | 27,070 | |
Bonds matured before December 31, 2018 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 2,479 | 6,715 | ||
Bonds maturing January 14, 2021 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 1,250 | 1,250 | 1,250 | |
Bonds maturing June 27, 2021 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 575 | 608 | 578 | |
Bonds maturing September 14, 2021 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 815 | 890 | 873 | |
Bonds maturing October 13, 2021 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 255 | 255 | 255 | |
Bonds maturing December 21, 2021 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 272 | 272 | 272 | |
Bonds maturing January 15, 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 615 | 650 | ||
Bonds maturing September 16, 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 500 | 500 | 500 | |
Bonds maturing March 1, 2023 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 500 | 500 | 500 | |
Bonds maturing September 11, 2023 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 750 | 750 | 750 | |
Bonds maturing October 6, 2023 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 74 | 80 | 78 | |
Bonds maturing December 22, 2023 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 43 | 47 | 46 | |
Bonds maturing January 9, 2024 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 650 | 650 | 650 | |
Bonds maturing July 15, 2024 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 1,250 | 1,250 | ||
Bonds maturing May 12, 2025 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 750 | 750 | 750 | |
Bonds maturing September 12, 2025 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 800 | 800 | 800 | |
Bonds maturing September 17, 2025 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 48 | 51 | 50 | |
Bonds maturing November 24, 2025 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 370 | 369 | ||
Bonds maturing December 5, 2025 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 292 | 308 | 293 | |
Bonds maturing December 18, 2025, 3.97 percent [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 72 | 87 | 100 | |
Bonds maturing December 18, 2025, variable rate [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 47 | 57 | 66 | |
Bonds maturing September 4, 2026 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 750 | 750 | ||
Bonds maturing November 30, 2026 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 75 | 75 | 75 | |
Bonds maturing December 10, 2026 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 79 | 93 | ||
Bonds maturing December 10, 2026, variable rate [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 62 | 73 | ||
Bonds maturing February 3, 2027 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 750 | 750 | 750 | |
Bonds maturing July 7, 2027 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 750 | |||
Bonds maturing July 15, 2027 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 152 | |||
Bonds maturing September 9, 2027 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 500 | 500 | 500 | |
Bonds maturing March 20, 2028 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 1,000 | 1,000 | 1,000 | |
Bonds maturing April 11, 2028 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 50 | 50 | 50 | |
Bonds maturing July 24, 2028 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 76 | 81 | 80 | |
Bonds maturing November 20, 2028 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 556 | 588 | 559 | |
Bonds maturing January 15, 2029 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 1,250 | 1,250 | ||
Bonds maturing April 11, 2029 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 150 | 150 | 150 | |
Bonds maturing June 22, 2029 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 93 | 92 | ||
Bonds maturing September 16, 2029 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 500 | |||
Bonds maturing January 16, 2030 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 1,000 | 1,000 | 1,000 | |
Bonds maturing September 12, 2030 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 1,200 | 1,200 | 1,200 | |
Bonds maturing September 17, 2030 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 105 | 105 | 105 | |
Bonds maturing November 6, 2030 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 100 | 100 | 100 | |
Bonds maturing March 1, 2031 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 2,006 | 2,191 | 2,150 | |
Total debt amount in statement of financial position | 2,000 | $ 2.5 | ||
Bonds maturing May 29, 2031 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 300 | 300 | ||
Bonds maturing December 5, 2031 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 72 | 69 | 67 | |
Bonds maturing December 8, 2031 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 73 | 70 | 67 | |
Bonds maturing January 5, 2032 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 71 | 68 | 65 | |
Bonds maturing January 15, 2032 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 834 | 882 | ||
Bonds maturing April 7, 2032 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 750 | |||
Bonds maturing September 4, 2032 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 1,000 | 1,000 | ||
Bonds maturing January 28, 2033 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 1,500 | 1,500 | 1,500 | |
Bonds maturing September 30, 2033 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 55 | 55 | 55 | |
Bonds maturing January 23, 2034 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 556 | 588 | 559 | |
Bonds maturing June 12, 2034 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 99 | 107 | ||
Bonds maturing July 11, 2034 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 300 | 300 | ||
Bonds maturing April 16, 2038 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 50 | 50 | 50 | |
Bonds maturing January 13, 2042 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 733 | 801 | 786 | |
Bonds maturing February 6, 2044 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 693 | 757 | 742 | |
Bonds maturing September 4, 2049 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | 750 | 750 | ||
Bonds maturing November 22, 2050 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Outstanding amount of bond | € 556 | € 588 | € 559 |
Financial assets, liabilitie_17
Financial assets, liabilities and financial result (excluding Orange Bank) - Bonds - Supplemental information (Details) - Bonds maturing November 6, 2030 [member] | Dec. 31, 2020 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | ||
Interest rate (as a percent) | 0.091% | |
Bottom of range [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Interest rate basis, variable rate (as a percent) | 0.00% | |
Top of range [member] | Not later than six years [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Interest rate basis, variable rate (as a percent) | 4.00% | |
Top of range [member] | Later than six years [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Interest rate basis, variable rate (as a percent) | 5.00% | |
Fixed interest rate [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Interest rate (as a percent) | 2.00% | |
Ten year constant maturity swap rate [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Interest rate (as a percent) | (0.45%) | |
Interest rate basis, multiplier | 1.66 |
Financial assets, liabilitie_18
Financial assets, liabilities and financial result (excluding Orange Bank) - Bonds - Additional information (Details) € in Millions, £ in Millions, shares in Millions | Nov. 10, 2020EUR (€) | Nov. 10, 2020GBP (£) | Dec. 31, 2020EUR (€) | Dec. 31, 2020GBP (£) | Jun. 27, 2017EUR (€)shares | Jun. 27, 2017GBP (£)shares |
Bonds maturing June 27, 2021 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Initial nominal value | € 517 | € 585 | £ 517 | |||
Interest rate (as a percent) | 0.375% | 0.375% | 0.375% | 0.375% | ||
Underlying shares (in shares) | shares | 133 | 133 | ||||
Bonds maturing April 7, 2032 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Initial nominal value | € | € 750 | |||||
Interest rate (as a percent) | 1.625% | 1.625% | ||||
Bonds maturing November 10, 2020 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional amount redeemed | € 267 | £ 238 | ||||
Initial nominal value | £ | £ 450 | £ 450 | ||||
Interest rate (as a percent) | 7.25% | 7.25% |
Financial assets, liabilitie_19
Financial assets, liabilities and financial result (excluding Orange Bank) - Loans from development organizations and multilateral lending institutions - Tabular disclosure (Details) € in Millions, د.م. in Millions, £ in Millions, in Billions | Dec. 31, 2020EUR (€) | Dec. 31, 2020GBP (£) | Dec. 31, 2020MAD (د.م.) | Dec. 31, 2020XAF ( ) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) |
Medi Telecom [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional amount | € 220 | د.م. 2,396 | ||||
Orange Cote d'Ivoire [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional amount | 170 | |||||
Orange Egypt for Telecommunications and subsidiaries [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional amount | 164 | £ 3,150 | ||||
Orange Cameroon [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Notional amount | 110 | 72 | ||||
Bank loans and from development organizations and multilateral lending institutions [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 3,671 | € 4,013 | € 3,664 | |||
Bank loans [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 1,384 | 1,625 | 1,574 | |||
Bank loans [member] | Sonatel [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 292 | 380 | 343 | |||
Bank loans [member] | Medi Telecom [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 220 | 282 | 335 | |||
Bank loans [member] | Orange Cote d'Ivoire [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 172 | 237 | 225 | |||
Bank loans [member] | Orange Egypt for Telecommunications and subsidiaries [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 163 | 213 | 210 | |||
Bank loans [member] | Orange Mali [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 227 | 203 | 200 | |||
Bank loans [member] | Orange Cameroon [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 111 | 82 | 105 | |||
Bank loans [member] | Orange Jordanie [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 61 | 77 | 31 | |||
Bank loans [member] | Orange Burkina Faso [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 56 | 46 | ||||
Bank loans [member] | Other subsidiaries [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 81 | 104 | 127 | |||
Loans from development organizations and multilateral lending institutions [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 2,288 | 2,389 | 2,090 | |||
Loans from development organizations and multilateral lending institutions [member] | Parent Company [Member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | 2,288 | 2,356 | 2,023 | |||
Notional amount | € 350 | 350 | 650 | |||
Loans from development organizations and multilateral lending institutions [member] | Orange Espagne [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Outstanding amount | € 33 | € 67 |
Financial assets, liabilitie_20
Financial assets, liabilities and financial result (excluding Orange Bank) - Loans from development organizations and multilateral lending institutions - Additional information (Details) - Loans from development organizations and multilateral lending institutions [member] - Parent Company [Member] € in Millions | 12 Months Ended | ||
Dec. 31, 2020EUR (€) | Dec. 31, 2018EUR (€)loan | Dec. 31, 2019EUR (€) | |
Disclosure of detailed information about borrowings [line items] | |||
Number of loans | loan | 2 | ||
Initial nominal value | € 350 | € 650 | € 350 |
Loan redeemed at maturity | € 400 |
Financial assets, liabilitie_21
Financial assets, liabilities and financial result (excluding Orange Bank) - Financial assets of telecom activities - IFRS 9 applied - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | |||||
Non-current | € 1,516 | € 1,208 | € 2,282 | ||
Current | 3,259 | 4,766 | 2,748 | ||
Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 1,544 | ||||
Current | 3,259 | ||||
Total financial assets | 4,803 | 6,001 | € 5,057 | ||
Operating segments [member] | Telecom activities, operating segment [member] | Financial assets at fair value, class [member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 4,803 | 6,001 | 5,057 | ||
Financial assets at fair value through other comprehensive income, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 431 | ||||
Total financial assets | 431 | 277 | 254 | ||
Financial assets at fair value through other comprehensive income, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Equity investments [member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 431 | 277 | |||
Financial assets at fair value through other comprehensive income, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Investments securities [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 431 | ||||
Total financial assets | 431 | 277 | 254 | ||
Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 431 | 277 | 254 | € 208 | |
Financial assets at fair value through profit or loss, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 784 | ||||
Current | 3,206 | ||||
Total financial assets | 3,990 | 4,953 | 4,041 | ||
Financial assets at fair value through profit or loss, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Investments at fair value [member] | |||||
Disclosure of financial assets [line items] | |||||
Current | 3,206 | ||||
Total financial assets | 3,206 | 4,696 | 553 | 2,683 | |
Financial assets at fair value through profit or loss, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Equity investments [member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 141 | 133 | 805 | ||
Financial assets at fair value through profit or loss, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Cash collateral paid [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 642 | ||||
Total financial assets | 642 | 123 | 553 | ||
Financial assets at fair value through profit or loss, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Investments securities [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 141 | ||||
Total financial assets | 141 | 133 | 805 | 805 | € 1,005 |
Financial assets at amortised cost, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 329 | ||||
Current | 53 | ||||
Total financial assets | 382 | 772 | 762 | ||
Financial assets at amortised cost, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Other financial assets including receivables related to investments [member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 772 | ||||
Financial assets at amortised cost, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Receivables related to investments [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 44 | ||||
Current | 11 | ||||
Total financial assets | 55 | 70 | 55 | ||
Financial assets at amortised cost, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Other financial assets [member] | |||||
Disclosure of financial assets [line items] | |||||
Non-current | 285 | ||||
Current | 42 | ||||
Total financial assets | € 327 | € 702 | € 707 | ||
Loans and receivables, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Cash collateral paid [member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 2,683 | ||||
Loans and receivables, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Other financial assets including receivables related to investments [member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | 762 | ||||
Financial assets available-for-sale, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of financial assets [line items] | |||||
Total financial assets | € 254 |
Financial assets, liabilitie_22
Financial assets, liabilities and financial result (excluding Orange Bank) - Financial assets of telecom activities - IFRS 9 not applied - Tabular disclosure (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | |||||
Financial assets | € 4,803 | € 6,001 | € 5,057 | ||
Financial assets at fair value through other comprehensive income, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 431 | 277 | 254 | ||
Financial assets at fair value through profit or loss, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 3,990 | 4,953 | 4,041 | ||
Financial assets at amortised cost, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 382 | 772 | 762 | ||
Financial assets available-for-sale, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | € 254 | ||||
Financial assets at fair value, class [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 4,803 | 6,001 | 5,057 | ||
Investments at fair value [member] | Financial assets at fair value through profit or loss, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 3,206 | 4,696 | 553 | 2,683 | |
Equity investments [member] | Financial assets at fair value through other comprehensive income, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 431 | 277 | |||
Equity investments [member] | Financial assets at fair value through profit or loss, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 141 | 133 | 805 | ||
Cash collateral paid [member] | Financial assets at fair value through profit or loss, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 642 | 123 | 553 | ||
Cash collateral paid [member] | Loans and receivables, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 2,683 | ||||
Other financial assets including receivables related to investments [member] | Financial assets at amortised cost, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 772 | ||||
Other financial assets including receivables related to investments [member] | Loans and receivables, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 762 | ||||
Receivables related to investments [member] | Financial assets at amortised cost, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 55 | 70 | 55 | ||
Other financial assets [member] | Financial assets at amortised cost, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 327 | 702 | 707 | ||
Investments securities [member] | Financial assets at fair value through other comprehensive income, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | 431 | 277 | 254 | ||
Investments securities [member] | Financial assets at fair value through profit or loss, category [member] | |||||
Disclosure of financial assets [line items] | |||||
Financial assets | € 141 | € 133 | € 805 | € 805 | € 1,005 |
Financial assets, liabilitie_23
Financial assets, liabilities and financial result (excluding Orange Bank) - Financial assets of telecom activities - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | |||
Non-current | € 1,516 | € 1,208 | € 2,282 |
Digicel, anti-competitive practices action [member] | |||
Disclosure of financial assets [line items] | |||
Escrow deposits | 346 | ||
Elimination of intersegment amounts [member] | |||
Disclosure of financial assets [line items] | |||
Non-current | € (27) |
Financial assets, liabilitie_24
Financial assets, liabilities and financial result (excluding Orange Bank) - Investment securities FVOCI - Reconciliation (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | € 6,001 | ||
Financial assets at end of period | 4,803 | € 6,001 | |
Financial assets at fair value through other comprehensive income, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | 277 | ||
Financial assets at end of period | 431 | 277 | |
Financial assets at fair value through other comprehensive income, category [member] | Investments securities [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | 277 | ||
Financial assets at end of period | 431 | 277 | |
Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | 277 | 254 | € 208 |
Acquisitions | 81 | 52 | 75 |
Changes in fair value | (94) | 25 | 22 |
Sales | 20 | 2 | 7 |
Other items | (2) | (2) | |
Financial assets at end of period | € 431 | € 277 | € 254 |
Financial assets, liabilitie_25
Financial assets, liabilities and financial result (excluding Orange Bank) - Investment securities FV - Reconciliation (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | € 6,001 | ||
Financial assets at end of period | 4,803 | € 6,001 | |
Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | 4,953 | ||
Financial assets at end of period | 3,990 | 4,953 | |
Financial assets at fair value through profit or loss, category [member] | Investments securities [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | 133 | 805 | € 1,005 |
Changes in fair value | 8 | 17 | (101) |
Sale of BT shares | (659) | (53) | |
Other items | 0 | (29) | (46) |
Financial assets at end of period | € 141 | € 133 | € 805 |
Financial assets, liabilitie_26
Financial assets, liabilities and financial result (excluding Orange Bank) - Assets available for sale - Additional information (Details) - EUR (€) € in Millions, shares in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 29, 2016 |
Operating segments [member] | Financial assets available-for-sale, category [member] | Telecom activities, operating segment [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | € 254 | ||
Investments securities, BT Shares [member] | |||
Disclosure of financial assets [line items] | |||
Shares held (in shares) | 399 | ||
Financial assets, fair value | € 659 | ||
Investments securities, BT Shares [member] | Operating segments [member] | Financial assets available-for-sale, category [member] | Telecom activities, operating segment [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value, current shares held | € (119) |
Financial assets, liabilitie_27
Financial assets, liabilities and financial result (excluding Orange Bank) - BT securities (Details) € in Millions, £ in Millions, shares in Millions | Jun. 27, 2017EUR (€)shares | Jan. 29, 2016EUR (€) | Dec. 31, 2018EUR (€)shares | Dec. 31, 2017EUR (€) | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Jun. 28, 2019 | Jun. 27, 2017GBP (£)shares | Dec. 31, 2016EUR (€) |
Bonds maturing June 27, 2021 [member] | |||||||||
Disclosure of financial assets [line items] | |||||||||
Notional amount | € 585 | € 517 | £ 517 | ||||||
Interest rate (as a percent) | 0.375% | 0.375% | 0.375% | ||||||
Underlying shares (in shares) | shares | 133 | 133 | |||||||
Investments securities, BT Shares [member] | |||||||||
Disclosure of financial assets [line items] | |||||||||
Equity interest (as a percent) | 4.00% | 2.49% | 2.49% | ||||||
Shares sold (in shares) | shares | 133 | 18 | |||||||
Profit and loss on sale of investment | € (2) | ||||||||
Financial assets available-for-sale, category [member] | Investments securities, BT Shares [member] | |||||||||
Disclosure of financial assets [line items] | |||||||||
BT shares received as remuneration for the disposal of EE | € 2,462 | ||||||||
Telecom activities, operating segment [member] | Operating segments [member] | Financial assets at fair value through profit or loss, category [member] | Investments securities, BT Shares [member] | |||||||||
Disclosure of financial assets [line items] | |||||||||
Fair value of investment securities sold | € 55 | € 570 | |||||||
Telecom activities, operating segment [member] | Operating segments [member] | Financial assets available-for-sale, category [member] | Investments securities, BT Shares [member] | |||||||||
Disclosure of financial assets [line items] | |||||||||
Profit and loss on sale of investment | € (126) | ||||||||
Financial assets, fair value, current shares held | € (119) |
Financial assets, liabilitie_28
Financial assets, liabilities and financial result (excluding Orange Bank) - Net of the profit related to BT securities (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | ||
Effect in the consolidated net income of the investment in BT | € (119) | € (51) |
Telecom activities, operating segment [member] | Operating segments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Effect in the consolidated net income of the investment in BT | (119) | (51) |
Investments securities, BT Shares [member] | Financial assets available-for-sale, category [member] | Telecom activities, operating segment [member] | Operating segments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Impact of 2018 sale | (2) | |
Impact of 2019 sales | (93) | |
Dividends received | 44 | |
Effect in the consolidated net income of the investment in BT | € (51) | |
Investments securities, BT Shares [member] | Financial assets at fair value through profit or loss, category [member] | Telecom activities, operating segment [member] | Operating segments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Impact of 2019 sales | (119) | |
Effect in the consolidated net income of the investment in BT | € (119) |
Financial assets, liabilitie_29
Financial assets, liabilities and financial result (excluding Orange Bank) - Market value of derivatives - Components (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Hedging derivatives | € (311) | € 324 | € (162) |
Derivatives held for trading | (199) | (187) | (298) |
Net derivatives | (510) | 138 | (460) |
Cash flow hedges [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Hedging derivatives | (311) | 328 | (160) |
Fair value hedges [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Hedging derivatives | € 0 | € (4) | € (2) |
Financial assets, liabilitie_30
Financial assets, liabilities and financial result (excluding Orange Bank) - Market value of derivatives - Additional information (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives held for trading | € (199) | € (187) | € (298) |
Currency swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Foreign exchange effect | 251 | 822 | 512 |
Economic hedges [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives held for trading | € (210) | € (136) | € (246) |
Financial assets, liabilitie_31
Financial assets, liabilities and financial result (excluding Orange Bank) - Cash flow hedges (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount | € (311) | € 328 | € (160) |
Carrying amount - asset | 223 | 557 | 353 |
Carrying amount - liability | (534) | (229) | (513) |
Change in cash flow hedge reserve | 22 | 144 | (67) |
Gain (loss) recognized in other comprehensive income | 3 | 179 | (53) |
Reclassification in financial result | 21 | (38) | (22) |
Reclassification in operating income for the period | 1 | 1 | (1) |
Reclassification in initial carrying amount of hedged item | (3) | 2 | 9 |
Cash flow hedge reserve | (100) | (123) | (267) |
o/w related to unmatured hedging instruments | (541) | (542) | (721) |
o/w related to discontinued hedges | 440 | 418 | 454 |
Currency swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount - asset | 216 | 554 | 351 |
Carrying amount - liability | (502) | (190) | (479) |
Change in cash flow hedge reserve | 6 | 148 | (83) |
Gain (loss) recognized in other comprehensive income | (16) | 184 | (45) |
Reclassification in financial result | 22 | (36) | (38) |
Cash flow hedge reserve | (91) | (95) | (245) |
o/w related to unmatured hedging instruments | (532) | (513) | (696) |
o/w related to discontinued hedges | 440 | 418 | 451 |
Forward foreign exchange swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount - asset | 6 | 2 | 2 |
Carrying amount - liability | (1) | (3) | 0 |
Change in cash flow hedge reserve | 5 | (10) | (7) |
Gain (loss) recognized in other comprehensive income | 8 | (12) | (15) |
Reclassification in financial result | (1) | (1) | |
Reclassification in operating income for the period | 1 | 1 | (1) |
Reclassification in initial carrying amount of hedged item | (3) | 2 | 9 |
Cash flow hedge reserve | 2 | (6) | 3 |
o/w related to unmatured hedging instruments | 2 | (6) | 3 |
o/w related to discontinued hedges | 0 | ||
Interest rate swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount - asset | 1 | 1 | |
Carrying amount - liability | (31) | (36) | (34) |
Change in cash flow hedge reserve | 11 | 7 | 23 |
Gain (loss) recognized in other comprehensive income | 11 | 7 | 7 |
Reclassification in financial result | (1) | 16 | |
Cash flow hedge reserve | (11) | (22) | (25) |
o/w related to unmatured hedging instruments | (11) | € (22) | (28) |
o/w related to discontinued hedges | € 0 | € 3 |
Financial assets, liabilitie_32
Financial assets, liabilities and financial result (excluding Orange Bank) - Cash flow hedge - By maturities and currencies (Details) - Dec. 31, 2020 - Telecom activities, operating segment [member] - Operating segments [member] - Cash flow hedges [member] € in Millions, £ in Millions, kr in Millions, $ in Millions, $ in Millions | EUR (€) | GBP (£) | USD ($) | HKD ($) | NOK (kr) |
Interest rate swap contract [member] | FT IMMO H [member] | United Kingdom, Pounds | Not later than one year [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | € 20 | ||||
Interest rate swap contract [member] | FT IMMO H [member] | United Kingdom, Pounds | Later than one year and not later than two years [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | 41 | ||||
Interest rate swap contract [member] | FT IMMO H [member] | United Kingdom, Pounds | Later than three years and not later than four years [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | 33 | ||||
Interest rate swap contract [member] | Orange Polska and subsidiaries [member] | Euro Member Countries, Euro | Not later than one year [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | 141 | ||||
Parent Company [Member] | Currency swap contract [member] | United Kingdom, Pounds | Not later than one year [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | £ | £ 517 | ||||
Parent Company [Member] | Currency swap contract [member] | United Kingdom, Pounds | Later than four years [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | £ | £ 2,512 | ||||
Parent Company [Member] | Currency swap contract [member] | Hong Kong, Dollars | Later than two years and not later than three years [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | $ | $ 1,110 | ||||
Parent Company [Member] | Currency swap contract [member] | Hong Kong, Dollars | Later than four years [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | $ | $ 939 | ||||
Parent Company [Member] | Currency swap contract [member] | Norway, Krone | Later than four years [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | kr | kr 1,300 | ||||
Parent Company [Member] | Currency swap contract [member] | United States of America, Dollars | Not later than one year [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | $ | $ 1,000 | ||||
Parent Company [Member] | Currency swap contract [member] | United States of America, Dollars | Later than four years [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | $ | $ 4,200 | ||||
Parent Company [Member] | Interest rate swap contract [member] | Not later than one year [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | 255 | ||||
Parent Company [Member] | Interest rate swap contract [member] | Later than four years [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Notional amount | € 100 |
Financial assets, liabilitie_33
Financial assets, liabilities and financial result (excluding Orange Bank) - Cash flow hedge - Additional information (Details) - Dec. 31, 2020 - Telecom activities, operating segment [member] - Operating segments [member] - Cash flow hedges [member] € in Millions, £ in Millions, kr in Millions, SFr in Millions, $ in Millions, $ in Millions | EUR (€) | GBP (£) | USD ($) | HKD ($) | NOK (kr) | CHF (SFr) |
Later than twelve years and not later than thirteen years [member] | United Kingdom, Pounds | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | £ | £ 750 | |||||
Not later than one year [member] | FT IMMO H [member] | United Kingdom, Pounds | Interest rate swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | € | € 20 | |||||
Later than one year and not later than two years [member] | FT IMMO H [member] | United Kingdom, Pounds | Interest rate swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | € | 41 | |||||
Later than three years and not later than four years [member] | FT IMMO H [member] | United Kingdom, Pounds | Interest rate swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | € | 33 | |||||
Parent Company [Member] | Later than five years and not later than six years [member] | Switzerland, Francs | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | SFr | SFr 400 | |||||
Parent Company [Member] | Later than five years and not later than six years [member] | United Kingdom, Pounds | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | £ | 262 | |||||
Parent Company [Member] | Later than six years and not later than seven years [member] | Norway, Krone | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | kr | kr 500 | |||||
Parent Company [Member] | Later than nine years and not later than ten years [member] | Switzerland, Francs | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | SFr | 100 | |||||
Parent Company [Member] | Later than nine years and not later than ten years [member] | United Kingdom, Pounds | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | £ | 500 | |||||
Parent Company [Member] | Later than nine years and not later than ten years [member] | Norway, Krone | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | kr | 800 | |||||
Parent Company [Member] | Later than twelve years and not later than thirteen years [member] | Euro Member Countries, Euro | Interest rate swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | € | 100 | |||||
Parent Company [Member] | Later than thirteen years and not later than fourteen years [member] | United States of America, Dollars | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | $ 2,450 | |||||
Parent Company [Member] | Later than fourteen years and not later than fifteen years [member] | United Kingdom, Pounds | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | £ | 500 | |||||
Parent Company [Member] | Later than fourteen years and not later than fifteen years [member] | Hong Kong, Dollars | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | $ 939 | |||||
Parent Company [Member] | Later than twenty-four years and not later than twenty-five years [member] | United States of America, Dollars | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | 900 | |||||
Parent Company [Member] | Later than twenty-six years and not later than twenty-seven years [member] | United States of America, Dollars | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | 850 | |||||
Parent Company [Member] | Later than thirty-two years and not later than thirty-three years [member] | United Kingdom, Pounds | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | £ | 500 | |||||
Parent Company [Member] | Not later than one year [member] | Interest rate swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | € | 255 | |||||
Parent Company [Member] | Not later than one year [member] | United Kingdom, Pounds | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | £ | 517 | |||||
Parent Company [Member] | Not later than one year [member] | United States of America, Dollars | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | 1,000 | |||||
Parent Company [Member] | Later than two years and not later than three years [member] | Hong Kong, Dollars | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | 1,110 | |||||
Parent Company [Member] | Later than four years [member] | Interest rate swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | € | € 100 | |||||
Parent Company [Member] | Later than four years [member] | Switzerland, Francs | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | SFr | SFr 500 | |||||
Parent Company [Member] | Later than four years [member] | United Kingdom, Pounds | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | £ | £ 2,512 | |||||
Parent Company [Member] | Later than four years [member] | Hong Kong, Dollars | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | $ 939 | |||||
Parent Company [Member] | Later than four years [member] | Norway, Krone | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | kr | kr 1,300 | |||||
Parent Company [Member] | Later than four years [member] | United States of America, Dollars | Currency swap contract [member] | ||||||
Disclosure of detailed information about financial instruments [line items] | ||||||
Notional amount | $ 4,200 |
Financial assets, liabilitie_34
Financial assets, liabilities and financial result (excluding Orange Bank) - Fair value hedges (Details) - EUR (€) € in Millions | Jun. 28, 2018 | Jun. 19, 2017 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jun. 28, 2019 | Jan. 29, 2016 |
Disclosure of detailed information about financial instruments [line items] | |||||||
Proceeds from sales of investment securities, net of cash transferred | € 19 | € 529 | € 110 | ||||
Investments securities, BT Shares [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Equity interest (as a percent) | 2.49% | 2.49% | 4.00% | ||||
Proceeds from sales of investment securities, net of cash transferred | € 543 | € 433 | € 543 | 53 | |||
Financial assets, at fair value | € 659 |
Information on market risk an_3
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Interest rate risk management (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Fixed rate component of gross financial debt (as a percent) | 89.00% | 91.00% | 87.00% |
Interest rate risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Increase in euro interest rates (as a percent) | 1.00% | ||
Decrease in euro interest rates (as a percent) | 1.00% | ||
Interest rate risk [member] | Net financial debt [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Increase (decrease) in financial debt | € 2 | ||
Increase (decrease) in financial debt | 2 | ||
Reserve of cash flow hedges [member] | Interest rate risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Increase (decrease) in financial debt | (1,278) | ||
Increase (decrease) in financial debt | € 1,282 |
Information on market risk an_4
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Foreign exchange risk management (Details) - Dec. 31, 2020 - IFRS Subordinated Debt [Member] € in Millions, £ in Millions | EUR (€) | GBP (£) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Initial nominal value | € 1,099 | £ 988 |
Currency risk [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Initial nominal value | £ 988 |
Information on market risk an_5
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Changes in foreign exchange rates (Details) - Currency risk [member] € in Millions | Dec. 31, 2020EUR (€) |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | € (147) |
Increase in euro interest rates (as a percent) | 10.00% |
Decrease in euro interest rates (as a percent) | 10.00% |
Euro Member Countries, Euro | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | € (160) |
Increase in euro interest rates (as a percent) | 10.00% |
Decrease in euro interest rates (as a percent) | 10.00% |
United States of America, Dollars | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | € 1 |
United Kingdom, Pounds | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 9 |
Polish Zloty | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 3 |
Orange SA Business Unit Enterprise [member] | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 17 |
Orange SA Business Unit Enterprise [member] | Euro Member Countries, Euro | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Appreciation of sensitivity | (2) |
Depreciation of sensitivity | 2 |
Orange SA Business Unit Enterprise [member] | United States of America, Dollars | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 7 |
Orange SA Business Unit Enterprise [member] | United Kingdom, Pounds | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 8 |
Orange SA Business Unit Enterprise [member] | Polish Zloty | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 15 |
Orange Polska and subsidiaries [member] | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | (164) |
Orange Polska and subsidiaries [member] | Euro Member Countries, Euro | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | (160) |
Appreciation of sensitivity | 15 |
Depreciation of sensitivity | (18) |
Orange Polska and subsidiaries [member] | United States of America, Dollars | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | € (5) |
Information on market risk an_6
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Translation risk - Tabular disclosure (Details) - Translation risk [member] € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | € 60,527 |
Net debt including derivatives | 23,489 |
Net assets by currency | 37,038 |
Euro Member Countries, Euro | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 51,679 |
Net debt including derivatives | 22,121 |
Net assets by currency | € 29,558 |
Increase in euro interest rates (as a percent) | 10.00% |
Assets excluding net debt, appreciation | € (804) |
Net debt by currency including derivatives, appreciation | (124) |
Net assets by currency, appreciation | € (680) |
Decrease in euro interest rates (as a percent) | 10.00% |
Assets excluding net debt, depreciation | € 983 |
Net debt by currency including derivatives, depreciation | (152) |
Net assets by currency, depreciation | 831 |
United States of America, Dollars | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 165 |
Net debt including derivatives | (43) |
Net assets by currency | 209 |
United Kingdom, Pounds | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | (1,053) |
Net debt including derivatives | (1,146) |
Net assets by currency | 93 |
Polish Zloty | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 3,195 |
Net debt including derivatives | 1,240 |
Net assets by currency | 1,955 |
Egyptian Pound | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 933 |
Net debt including derivatives | 174 |
Net assets by currency | 758 |
Jordan, Dinars | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 519 |
Net debt including derivatives | 97 |
Net assets by currency | 421 |
Morocco, Dirhams | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 948 |
Net debt including derivatives | 442 |
Net assets by currency | 506 |
Other currencies [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 4,141 |
Net debt including derivatives | 603 |
Net assets by currency | € 3,538 |
Information on market risk an_7
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Translation risk - Additional information (Details) - Dec. 31, 2020 € in Millions, £ in Millions | EUR (€) | GBP (£) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Share of net assets attributable to owners of parent company | € 991 | |
IFRS Subordinated Debt [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Initial nominal value | € 1,099 | £ 988 |
Information on market risk an_8
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Translation risk - Income statement (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | € 42,270 | € 42,238 | € 41,381 |
Reported EBITDA | 11,977 | ||
Operating income | 5,521 | € 5,930 | € 4,829 |
Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 42,270 | ||
Reported EBITDA | 12,680 | ||
Operating income | 5,521 | ||
Euro Member Countries, Euro | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 31,866 | ||
Reported EBITDA | 9,816 | ||
Operating income | € 4,257 | ||
Increase in euro interest rates (as a percent) | 10.00% | ||
Revenues. appreciation | € (946) | ||
Reported EBITDA, appreciation | (260) | ||
Operating income, appreciation | € (115) | ||
Decrease in euro interest rates (as a percent) | 10.00% | ||
Revenues. depreciation | € 1,156 | ||
Reported EBITDA, depreciation | 318 | ||
Operating income, depreciation | 140 | ||
United States of America, Dollars | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 1,105 | ||
Reported EBITDA | 54 | ||
Operating income | 15 | ||
United Kingdom, Pounds | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 275 | ||
Reported EBITDA | 19 | ||
Operating income | 1 | ||
Polish Zloty | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 2,559 | ||
Reported EBITDA | 635 | ||
Operating income | 91 | ||
Egyptian Pound | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 878 | ||
Reported EBITDA | 317 | ||
Operating income | 128 | ||
Jordan, Dinars | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 386 | ||
Reported EBITDA | 141 | ||
Operating income | 57 | ||
Morocco, Dirhams | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 585 | ||
Reported EBITDA | 158 | ||
Operating income | 18 | ||
Other currencies [member] | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 4,616 | ||
Reported EBITDA | 1,541 | ||
Operating income | € 954 |
Information on market risk an_9
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Liquidity risk management (Details) € in Billions | Dec. 21, 2016EUR (€)Optionsitem | Dec. 31, 2016EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Number of international banks | item | 24 | |
Number of options that can be extended | Options | 2 | |
Option extension period | 1 year | |
Credit facility [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Initial nominal value | € | € 6 | € 6 |
Information on market risk a_10
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Financial liabilities - Tabular disclosure (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | € 804 |
Derivative (assets) | (294) |
Other Comprehensive Income related to unmatured hedging instruments | (541) |
Gross financial debt after derivatives | 35,229 |
Trade payables | 11,051 |
Total financial liabilities (including derivatives assets) | 46,280 |
TDIRA [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 636 |
Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 29,848 |
Bank loans and from development organizations and multilateral lending institutions [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 3,671 |
Debt relating to financed assets [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 295 |
Cash collateral received [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 31 |
NEU Commercial Paper | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 555 |
IFRS Bank Overdrafts [Member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 154 |
Other financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 70 |
Not later than one year [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | (15) |
Derivative (assets) | (155) |
Gross financial debt after derivatives | 5,054 |
Trade payables | 9,760 |
Total financial liabilities (including derivatives assets) | 14,814 |
Future interests on financial lease liabilities | 1,525 |
Not later than one year [member] | TDIRA [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 3 |
Not later than one year [member] | Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 3,701 |
Not later than one year [member] | Bank loans and from development organizations and multilateral lending institutions [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 633 |
Not later than one year [member] | Debt relating to financed assets [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 70 |
Not later than one year [member] | Cash collateral received [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 31 |
Not later than one year [member] | NEU Commercial Paper | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 555 |
Not later than one year [member] | IFRS Bank Overdrafts [Member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 154 |
Not later than one year [member] | Other financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 48 |
Later than one year and not later than two years [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | (133) |
Gross financial debt after derivatives | 1,686 |
Trade payables | 243 |
Total financial liabilities (including derivatives assets) | 1,929 |
Future interests on financial lease liabilities | 914 |
Later than one year and not later than two years [member] | Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1,152 |
Later than one year and not later than two years [member] | Bank loans and from development organizations and multilateral lending institutions [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 324 |
Later than one year and not later than two years [member] | Debt relating to financed assets [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 75 |
Later than one year and not later than two years [member] | Other financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 3 |
Later than two years and not later than three years [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | (99) |
Derivative (assets) | (10) |
Gross financial debt after derivatives | 2,623 |
Trade payables | 212 |
Total financial liabilities (including derivatives assets) | 2,834 |
Future interests on financial lease liabilities | 851 |
Later than two years and not later than three years [member] | Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1,450 |
Later than two years and not later than three years [member] | Bank loans and from development organizations and multilateral lending institutions [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1,005 |
Later than two years and not later than three years [member] | Debt relating to financed assets [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 75 |
Later than two years and not later than three years [member] | Other financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 3 |
Later than three years and not later than four years [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (assets) | (19) |
Gross financial debt after derivatives | 2,283 |
Trade payables | 87 |
Total financial liabilities (including derivatives assets) | 2,370 |
Future interests on financial lease liabilities | 807 |
Later than three years and not later than four years [member] | Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1,984 |
Later than three years and not later than four years [member] | Bank loans and from development organizations and multilateral lending institutions [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 260 |
Later than three years and not later than four years [member] | Debt relating to financed assets [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 58 |
Later than three years and not later than four years [member] | Other financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1 |
Later than four years and not later than five years [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | (34) |
Derivative (assets) | (14) |
Gross financial debt after derivatives | 3,124 |
Trade payables | 362 |
Total financial liabilities (including derivatives assets) | 3,486 |
Future interests on financial lease liabilities | 855 |
Later than four years and not later than five years [member] | Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 2,337 |
Later than four years and not later than five years [member] | Bank loans and from development organizations and multilateral lending institutions [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 750 |
Later than four years and not later than five years [member] | Debt relating to financed assets [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 17 |
Later than four years and not later than five years [member] | Other financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1 |
Later than five years [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | (39) |
Derivative (assets) | (153) |
Gross financial debt after derivatives | 19,991 |
Trade payables | 388 |
Total financial liabilities (including derivatives assets) | 20,379 |
Future interests on financial lease liabilities | 5,472 |
Later than five years [member] | Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 19,388 |
Later than five years [member] | Bank loans and from development organizations and multilateral lending institutions [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 703 |
Later than five years [member] | Other financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 15 |
Undefined maturity [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Gross financial debt after derivatives | 466 |
Total financial liabilities (including derivatives assets) | 466 |
Undefined maturity [member] | TDIRA [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 633 |
Undefined maturity [member] | Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | (163) |
Undefined maturity [member] | Bank loans and from development organizations and multilateral lending institutions [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | € (4) |
Information on market risk a_11
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Financial liabilities - Additional information (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of detailed information about financial instruments [abstract] | |
Notional and accrued interest | € 502 |
Future interest on bonds | 9,712 |
Future interest on bank loans | (842) |
Future interest on derivative instruments | € 284 |
Information on market risk a_12
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Liquidity position (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of detailed information about financial instruments [abstract] | |
Available undrawn amount of credit facilities | € 6,146 |
Investments at fair value | 3,206 |
Cash | 2,751 |
Cash equivalents | 5,140 |
Liquidity position | € 17,243 |
Information on market risk a_13
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Available undrawn credit facilities (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Available undrawn amount of credit facilities | € 6,146 |
Cash equivalents | 5,140 |
Investments at fair value | 3,206 |
UCITS | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Cash equivalents | 4,329 |
Term deposits | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Cash equivalents | 450 |
Negotiable debt securities | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Cash equivalents | 170 |
NEU Commercial Paper | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Investments at fair value | 3,105 |
Bonds | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Investments at fair value | 101 |
Parent Company [Member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Available undrawn amount of credit facilities | € 6,000 |
Information on market risk a_14
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Credit ratings (Details) € in Millions, $ in Billions | Dec. 31, 2020EUR (€) | Dec. 31, 2020USD ($) | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | Dec. 31, 2016EUR (€) | Dec. 21, 2016EUR (€) | Mar. 31, 2014 |
Bonds, financial liabilities [member] | |||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||||
Outstanding amount | € 29,848 | € 30,893 | € 27,070 | ||||
Bonds maturing March 1, 2031 [member] | |||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||||
Outstanding amount | € 2,000 | $ 2.5 | |||||
Interest rate (as a percent) | 9.00% | 9.00% | 8.75% | ||||
Initial nominal value | € 2,500 | ||||||
Credit facility [member] | |||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||||||
Initial nominal value | € 6,000 | € 6,000 |
Information on market risk a_15
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Management of covenants (Details) € in Millions, د.م. in Millions, £ in Millions, in Billions | Dec. 31, 2020EUR (€) | Dec. 31, 2020GBP (£) | Dec. 31, 2020MAD (د.م.) | Dec. 31, 2020XAF ( ) | Dec. 31, 2016EUR (€) | Dec. 21, 2016EUR (€) |
Orange Egypt for Telecommunications and subsidiaries [member] | ||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||
Initial nominal value | € 164 | £ 3,150 | ||||
Medi Telecom [member] | ||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||
Initial nominal value | 220 | د.م. 2,396 | ||||
Orange Cote d'Ivoire [member] | ||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||
Initial nominal value | 170 | |||||
Orange Cote d'Ivoire [member] | Switzerland, Francs | ||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||
Initial nominal value | | 112 | |||||
Orange Cameroon [member] | ||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||
Initial nominal value | € 110 | 72 | ||||
Credit facility [member] | ||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||
Initial nominal value | € 6,000 | € 6,000 |
Information on market risk a_16
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Effect of mechanisms to offset exposure (Details) - Counterparty risk [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Collateralised derivatives [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Derivatives (net) | € (520) | € 144 | € (455) |
Fair value of derivative assets | 283 | 570 | 383 |
Fair value of derivative liabilities | (803) | (426) | (838) |
Amount of cash collateral paid/(received) | 611 | (138) | 471 |
Amount of cash collateral paid | 642 | 123 | 553 |
Amount of cash collateral received | (31) | (261) | (82) |
Residual exposure to counterparty risk | 91 | 7 | 16 |
Non collateralised derivatives [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Derivatives (net) | 10 | (6) | (5) |
Fair value of derivative assets | 11 | 3 | 2 |
Fair value of derivative liabilities | € (1) | € (10) | € (7) |
Information on market risk a_17
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Sensitivity analysis of cash collateral deposits (Details) € in Millions | Dec. 31, 2020EUR (€) |
Market risk [member] | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Increase in euro interest rates (as a percent) | 1.00% |
Decrease in euro interest rates (as a percent) | 1.00% |
Change in fair value of derivatives, appreciation | € 1,318 |
Change in fair value of derivatives, depreciation | (1,314) |
Amount of cash collateral received (paid), appreciation | (1,318) |
Amount of cash collateral received (paid), depreciation | € 1,314 |
Currency risk [member] | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Increase in euro interest rates (as a percent) | 10.00% |
Decrease in euro interest rates (as a percent) | 10.00% |
Change in fair value of derivatives, appreciation | € (1,257) |
Change in fair value of derivatives, depreciation | 1,536 |
Amount of cash collateral received (paid), appreciation | 1,257 |
Amount of cash collateral received (paid), depreciation | € (1,536) |
Information on market risk a_18
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Equity market risk (Details) - shares | Dec. 31, 2020 | Dec. 31, 2019 | Jun. 28, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 29, 2016 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||
Treasury shares held (in shares) | 1,265,099 | 9,742,968 | 7,214,000 | 497,625 | ||
Investments securities, BT Shares [member] | ||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||
Equity interest (as a percent) | 2.49% | 2.49% | 4.00% |
Information on market risk a_19
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Book value of financial assets (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2018 |
Disclosure of financial assets [line items] | ||||
Financial assets | € 4,803 | € 6,001 | € 5,057 | |
Financial assets available-for-sale, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | € 254 | |||
Financial assets at amortised cost, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 382 | 772 | 762 | |
Financial assets at fair value through other comprehensive income, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 431 | 277 | 254 | |
Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 3,990 | 4,953 | 4,041 | |
Trade receivables [member] | Loans and receivables, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 5,329 | |||
Trade receivables [member] | Financial assets at amortised cost, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 5,645 | 5,343 | ||
Financial assets at fair value, class [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 4,803 | 6,001 | 5,057 | |
Equity investments [member] | Financial assets at fair value through other comprehensive income, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 431 | 277 | ||
Equity investments [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 141 | 133 | 805 | |
Cash collateral paid [member] | Loans and receivables, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 2,683 | |||
Cash collateral paid [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 642 | 123 | 553 | |
Investments at fair value [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 3,206 | 4,696 | 553 | € 2,683 |
Other financial assets including receivables related to investments [member] | Loans and receivables, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 762 | |||
Other financial assets including receivables related to investments [member] | Financial assets at amortised cost, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 772 | |||
IFRS Cash and Cash Equivalents [Member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 7,891 | 6,112 | 5,081 | |
IFRS Cash Equivalents [Member] | Financial assets at amortised cost, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | 2,751 | 2,462 | ||
IFRS Cash Equivalents [Member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | € 5,140 | 2,558 | ||
IFRS Cash [Member] | Loans and receivables, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | € 2,523 | |||
IFRS Cash [Member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial assets | € 3,651 |
Information on market risk a_20
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Fair value of financial assets (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | € 254 | ||
Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | € 382 | ||
Level 1 of fair value hierarchy [member] | Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 33 | ||
Level 2 of fair value hierarchy [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 382 | ||
Level 3 of fair value hierarchy [member] | Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 221 | ||
Trade receivables [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,329 | ||
Trade receivables [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,645 | € 5,343 | |
Trade receivables [member] | Level 2 of fair value hierarchy [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,329 | ||
Trade receivables [member] | Level 2 of fair value hierarchy [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,645 | 5,343 | |
Financial assets at fair value, class [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 4,803 | 6,002 | 5,057 |
Financial assets at fair value, class [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 185 | 79 | 692 |
Financial assets at fair value, class [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 4,372 | 5,725 | 4,144 |
Financial assets at fair value, class [member] | Level 3 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 247 | 198 | 221 |
Equity investments [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 141 | 134 | 805 |
Equity investments [member] | Financial assets at fair value through other comprehensive income, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 431 | 277 | |
Equity investments [member] | Level 1 of fair value hierarchy [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 659 | ||
Equity investments [member] | Level 1 of fair value hierarchy [member] | Financial assets at fair value through other comprehensive income, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 185 | 79 | |
Equity investments [member] | Level 2 of fair value hierarchy [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 141 | 134 | 146 |
Equity investments [member] | Level 3 of fair value hierarchy [member] | Financial assets at fair value through other comprehensive income, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 247 | 198 | |
Cash collateral paid [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 2,683 | ||
Cash collateral paid [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 642 | 123 | |
Cash collateral paid [member] | Level 2 of fair value hierarchy [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 2,683 | ||
Cash collateral paid [member] | Level 2 of fair value hierarchy [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 642 | 123 | |
Investments at fair value [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 3,206 | 4,696 | 553 |
Investments at fair value [member] | Level 2 of fair value hierarchy [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 3,206 | 4,696 | 553 |
Other financial assets including receivables related to investments [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 762 | ||
Other financial assets including receivables related to investments [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 772 | ||
Other financial assets including receivables related to investments [member] | Level 2 of fair value hierarchy [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 762 | ||
Other financial assets including receivables related to investments [member] | Level 2 of fair value hierarchy [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 772 | ||
IFRS Cash and Cash Equivalents [Member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 7,891 | 6,112 | 5,081 |
IFRS Cash and Cash Equivalents [Member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 7,891 | 6,112 | 5,081 |
IFRS Cash Equivalents [Member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,140 | 2,558 | |
IFRS Cash Equivalents [Member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 2,751 | 2,462 | |
IFRS Cash Equivalents [Member] | Level 1 of fair value hierarchy [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,140 | 2,558 | |
IFRS Cash Equivalents [Member] | Level 1 of fair value hierarchy [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | € 2,751 | 2,462 | |
IFRS Cash [Member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 2,523 | ||
IFRS Cash [Member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 3,651 | ||
IFRS Cash [Member] | Level 1 of fair value hierarchy [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | € 2,523 | ||
IFRS Cash [Member] | Level 1 of fair value hierarchy [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | € 3,651 |
Information on market risk a_21
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Book value of financial liabilities (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial liabilities [line items] | |||
Financial liabilities | € 35,260 | € 37,076 | € 34,019 |
Trade payables and fixed asset payables [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | 11,051 | 10,246 | 10,082 |
Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | 35,260 | 37,076 | 34,019 |
Financial debt at amortized cost [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | 35,247 | 37,007 | 33,721 |
Bonds at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | 26 | 27 | |
Other financial liabilities at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | € 14 | € 43 | € 271 |
Information on market risk a_22
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Fair value of financial liabilities (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Trade payables and fixed asset payables [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | € (11,051) | € (10,246) | € (10,082) |
Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (41,884) | (42,455) | (37,292) |
Financial debt at amortized cost [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (41,870) | (42,386) | (36,994) |
Bonds at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (26) | (27) | |
Other financial liabilities at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (14) | (43) | (271) |
Level 1 of fair value hierarchy [member] | Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (34,708) | (34,554) | (29,012) |
Level 1 of fair value hierarchy [member] | Financial debt at amortized cost [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (34,708) | (34,554) | (29,012) |
Level 2 of fair value hierarchy [member] | Trade payables and fixed asset payables [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (11,051) | (10,246) | (10,082) |
Level 2 of fair value hierarchy [member] | Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (7,162) | (7,837) | (7,988) |
Level 2 of fair value hierarchy [member] | Financial debt at amortized cost [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (7,162) | (7,811) | (7,961) |
Level 2 of fair value hierarchy [member] | Bonds at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (26) | (27) | |
Level 3 of fair value hierarchy [member] | Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (14) | (64) | (292) |
Level 3 of fair value hierarchy [member] | Financial debt at amortized cost [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (21) | (21) | |
Level 3 of fair value hierarchy [member] | Other financial liabilities at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | € (14) | € (43) | € (271) |
Information on market risk a_23
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Book value of derivatives, net (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives, net amount | € (510) | € 138 | € (460) |
Derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives, net amount | (510) | € (460) | |
Level 2 of fair value hierarchy [member] | Derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives, net amount | € (510) |
Information on market risk a_24
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Fair value of derivatives, net (Details) - Telecom activities, operating segment [member] - Derivatives [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount, fair value | € 138 | € (460) |
Level 2 of fair value hierarchy [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount, fair value | € 138 | € (460) |
Information on market risk a_25
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Fair value of net financial debt (Details) - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Net financial debt [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | € 30,100 | ||
Financial liabilities | 23,500 | ||
Operating segments [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | € 35,260 | € 37,076 | € 34,019 |
Operating segments [member] | Net financial debt [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | 30,800 | 28,700 | |
Financial liabilities | € 25,500 | € 25,400 |
Information on market risk a_26
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Level 3 market values for financial assets (Details) € in Millions | 12 Months Ended |
Dec. 31, 2020EUR (€) | |
Reconciliation of changes in fair value measurement, assets [abstract] | |
Assets at beginning of period | € 106,741 |
Assets at end of period | 107,733 |
Operating segments [member] | Telecom activities, operating segment [member] | |
Reconciliation of changes in fair value measurement, assets [abstract] | |
Assets at beginning of period | 101,892 |
Assets at end of period | 104,017 |
Operating segments [member] | Telecom activities, operating segment [member] | Financial assets available-for-sale, category [member] | Level 3 of fair value hierarchy [member] | |
Reconciliation of changes in fair value measurement, assets [abstract] | |
Assets at beginning of period | 198 |
Gains (losses) taken to other comprehensive income | (28) |
Acquisition (sale) of securities | 80 |
Other | (2) |
Assets at end of period | € 247 |
Information on market risk a_27
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) - Level 3 market values for financial liabilities (Details) - Operating segments [member] - Financial liabilities at fair value through profit or loss, category [member] - Level 3 of fair value hierarchy [member] - Telecom activities, operating segment [member] € in Millions | 12 Months Ended |
Dec. 31, 2020EUR (€) | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |
Liabilities at beginning of period | € (64) |
Gains (losses) taken to profit or loss | 50 |
Liabilities at end of period | € (14) |
Equity - General information (D
Equity - General information (Details) - EUR (€) | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of classes of share capital [line items] | |||||
Equity | € 37,038,000,000 | € 34,412,000,000 | € 33,251,000,000 | € 33,249,000,000 | € 33,512,000,000 |
Shares issued (in shares) | 2,660,056,599 | 2,660,056,599 | 2,660,056,599 | 2,660,056,599 | |
Par value (in euros per share) | € 4 | ||||
Issued capital [member] | |||||
Disclosure of classes of share capital [line items] | |||||
Equity | € 10,640,226,396 | € 10,640,000,000 | € 10,640,000,000 | € 10,640,000,000 |
Equity - Voting rights (Details
Equity - Voting rights (Details) | Dec. 31, 2020 |
Float, issued capital excluding treasury shares, state and employees [member] | |
Disclosure of classes of share capital [line items] | |
Shareholder ownership percentage of share capital (as a percent) | 70.86% |
Shareholder ownership percentage of voting rights (as a percent) | 60.90% |
French State [member] | |
Disclosure of classes of share capital [line items] | |
Shareholder ownership percentage of share capital (as a percent) | 22.95% |
Shareholder ownership percentage of voting rights (as a percent) | 29.43% |
French State Group employees [member] | |
Disclosure of classes of share capital [line items] | |
Shareholder ownership percentage of share capital (as a percent) | 6.14% |
Shareholder ownership percentage of voting rights (as a percent) | 9.67% |
Treasury shares [member] | |
Disclosure of classes of share capital [line items] | |
Shareholder ownership percentage of share capital (as a percent) | 0.05% |
Equity - Changes in share capit
Equity - Changes in share capital (Details) | 12 Months Ended |
Dec. 31, 2020shares | |
Shareholders' equity [abstract] | |
New shares issued during the period (in shares) | 0 |
Equity - Treasury shares (Detai
Equity - Treasury shares (Details) - shares | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of classes of share capital [line items] | ||||
Valid authorization period from Shareholder's meeting for 2019 Buyback Program | 18 months | |||
Treasury shares held (in shares) | 1,265,099 | 9,742,968 | 7,214,000 | 497,625 |
Ordinary shares, liquidity contract [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Treasury shares held (in shares) | 170,000 | 853,500 | 309,609 | 476,000 |
Ordinary shares, Orange Vision 2020, Long Term Incentive Plan 2018-2020 and LTIP 2019-2021 free share award plan [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Treasury shares held (in shares) | 8,889,468 | |||
Ordinary shares, Long Term Incentive Plans 2018-2020, 2019-2021, 2020-2022, and free share award plans [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Treasury shares held (in shares) | 1,095,099 | |||
Ordinary shares, Orange Vision 2020 free share award plan and Long Term Incentive Plan 2018-2020 [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Treasury shares held (in shares) | 6,882,999 |
Equity - Dividends - Dividends
Equity - Dividends - Dividends per share (Details) - € / shares | Oct. 28, 2020 | May 19, 2020 | Jul. 24, 2019 | May 21, 2019 | Jul. 25, 2018 | May 04, 2018 | Jul. 26, 2017 | Jun. 01, 2017 |
Shareholders' equity [abstract] | ||||||||
Interim dividend per share, current year (in euros per share) | € 0.40 | € 0.30 | € 0.30 | € 0.25 | ||||
Dividend per share, balance for prior year (in euros per share) | € 0.20 | € 0.40 | € 0.40 | € 0.40 |
Equity - Dividends - Dividend_2
Equity - Dividends - Dividends paid (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Shareholders' equity [abstract] | ||||
Interim dividend, current year | € 1,064 | € 796 | € 796 | € 665 |
Dividend, balance for prior year | 532 | 1,061 | 1,064 | 1,064 |
Total dividends | € 1,595 | € 1,857 | € 1,860 | € 1,729 |
Equity - Subordinated notes - G
Equity - Subordinated notes - General information (Details) € in Millions, £ in Millions | 12 Months Ended | |||||||||||
Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 31, 2020GBP (£) | Oct. 15, 2020EUR (€) | Dec. 12, 2019EUR (€) | Sep. 19, 2019EUR (€) | Apr. 15, 2019EUR (€) | Dec. 31, 2018EUR (€) | Oct. 01, 2014EUR (€)tranche | Oct. 01, 2014GBP (£)tranche | Feb. 07, 2014EUR (€)tranche | Feb. 07, 2014GBP (£)tranche | |
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 | € 21 | € (21) | ||||||||||
Subordinated notes | € 5,803 | 5,803 | € 5,803 | |||||||||
Top of range [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Equity component percentage assigned by some rating agencies (as a percent) | 50.00% | 50.00% | ||||||||||
Bottom of range [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Equity component percentage assigned by some rating agencies (as a percent) | 0.00% | 0.00% | ||||||||||
IFRS Subordinated Debt [Member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 1,099 | £ 988 | ||||||||||
Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 | 21 | |||||||||||
Subordinated debt, issued February 2014 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 2,800 | |||||||||||
Number of tranches within notes issued | tranche | 3 | 3 | ||||||||||
Subordinated debt, 4.25 percent, issued February 2014 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 1,000 | |||||||||||
Rate | 4.25% | 4.25% | ||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | 0.25% | ||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | 0.75% | ||||||||||
Subordinated notes | 1,000 | |||||||||||
Subordinated debt, 5.25 percent, issued February 2014 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 1,000 | |||||||||||
Rate | 5.25% | 5.25% | ||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | 0.25% | ||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | 0.75% | ||||||||||
Subordinated notes | 1,000 | 1,000 | 1,000 | |||||||||
Subordinated debt, 5.875 percent, issued February 2014 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 782 | £ 650 | ||||||||||
Rate | 5.875% | 5.875% | ||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | 0.25% | ||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | 0.75% | ||||||||||
ECB fix rate | 0.8314% | 0.8314% | ||||||||||
Subordinated notes | 514 | 782 | 782 | |||||||||
Subordinated debt, issued October 2014 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 3,000 | |||||||||||
Number of tranches within notes issued | tranche | 3 | 3 | ||||||||||
Subordinated debt, 4 percent, issued October 2014 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 1,000 | |||||||||||
Rate | 4.00% | 4.00% | ||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | 0.25% | ||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | 0.75% | ||||||||||
Subordinated notes | 118 | 500 | 1,000 | |||||||||
Subordinated debt, 5 percent, issued October 2014 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 1,250 | |||||||||||
Rate | 5.00% | 5.00% | ||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | 0.25% | ||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | 0.75% | ||||||||||
Subordinated notes | 1,250 | 1,250 | 1,250 | |||||||||
Subordinated debt, 5.75 percent, issued October 2014 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 771 | £ 600 | ||||||||||
Rate | 5.75% | 5.75% | ||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | 0.25% | ||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | 0.75% | ||||||||||
ECB fix rate | 0.7782% | 0.7782% | ||||||||||
Subordinated notes | 721 | 771 | € 771 | |||||||||
Subordinated debt, 2.375 percent, issued April 2019 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 1 | € 1,000 | ||||||||||
Rate | 2.375% | |||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||
Redemption value | € 500 | |||||||||||
Subordinated notes | 1,000 | 1,000 | ||||||||||
Subordinated debt, 1.75 percent, issued September 2019 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 700 | € 500 | ||||||||||
Rate | 1.75% | |||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||
Subordinated notes | 500 | € 500 | ||||||||||
Subordinated debt, 1.75 percent, issued October 2020 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Initial nominal value | € 700 | |||||||||||
Rate | 1.75% | |||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||
Subordinated notes | € 700 |
Equity - Subordinated notes - T
Equity - Subordinated notes - Tabular disclosure - General information (Details) € in Millions, £ in Millions, $ in Millions | 12 Months Ended | |||||||||||||
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2020EUR (€) | Dec. 31, 2020GBP (£) | Oct. 15, 2020EUR (€) | Dec. 31, 2019EUR (€) | Dec. 12, 2019EUR (€) | Sep. 19, 2019EUR (€) | Apr. 15, 2019EUR (€) | Dec. 31, 2018EUR (€) | Oct. 01, 2014EUR (€) | Oct. 01, 2014GBP (£) | Feb. 07, 2014EUR (€) | Feb. 07, 2014GBP (£) | |
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Subordinated notes | € 5,803 | € 5,803 | € 5,803 | |||||||||||
IFRS Subordinated Debt [Member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | 1,099 | £ 988 | ||||||||||||
Subordinated debt, issued February 2014 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 2,800 | |||||||||||||
Subordinated debt, 4.25 percent, issued February 2014 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 1,000 | |||||||||||||
Rate | 4.25% | 4.25% | ||||||||||||
Subordinated notes | 1,000 | |||||||||||||
Subordinated notes, issue or (redemption) value | $ | $ (1,000) | |||||||||||||
Subordinated debt, 5.25 percent, issued February 2014 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 1,000 | |||||||||||||
Rate | 5.25% | 5.25% | ||||||||||||
Subordinated notes | 1,000 | 1,000 | 1,000 | |||||||||||
Subordinated notes, residual nominal value | 1,000 | |||||||||||||
Subordinated debt, 5.875 percent, issued February 2014 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 782 | £ 650 | ||||||||||||
Rate | 5.875% | 5.875% | ||||||||||||
Subordinated notes | 514 | 782 | 782 | |||||||||||
Subordinated notes, issue or (redemption) value | $ | $ (268) | |||||||||||||
Subordinated notes, residual nominal value | £ | 427 | |||||||||||||
Subordinated debt, issued October 2014 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 3,000 | |||||||||||||
Subordinated debt, 4 percent, issued October 2014 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 1,000 | |||||||||||||
Rate | 4.00% | 4.00% | ||||||||||||
Subordinated notes | 118 | 500 | 1,000 | |||||||||||
Subordinated notes, issue or (redemption) value | $ | (382) | (500) | ||||||||||||
Subordinated notes, residual nominal value | 118 | |||||||||||||
Subordinated debt, 5 percent, issued October 2014 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 1,250 | |||||||||||||
Rate | 5.00% | 5.00% | ||||||||||||
Subordinated notes | 1,250 | 1,250 | 1,250 | |||||||||||
Subordinated notes, residual nominal value | 1,250 | |||||||||||||
Subordinated debt, 5.75 percent, issued October 2014 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 771 | £ 600 | ||||||||||||
Rate | 5.75% | 5.75% | ||||||||||||
Subordinated notes | 721 | 771 | € 771 | |||||||||||
Subordinated notes, issue or (redemption) value | $ | (50) | |||||||||||||
Subordinated notes, residual nominal value | £ | £ 561 | |||||||||||||
Subordinated debt, 2.375 percent, issued April 2019 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 1 | € 1,000 | ||||||||||||
Rate | 2.375% | |||||||||||||
Subordinated notes | 1,000 | 1,000 | ||||||||||||
Subordinated notes, issue or (redemption) value | $ | 1,000 | |||||||||||||
Subordinated notes, residual nominal value | 1,000 | |||||||||||||
Subordinated debt, 1.75 percent, issued September 2019 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 700 | € 500 | ||||||||||||
Rate | 1.75% | |||||||||||||
Subordinated notes | 500 | € 500 | ||||||||||||
Subordinated notes, issue or (redemption) value | $ | $ 500 | |||||||||||||
Subordinated notes, residual nominal value | 500 | |||||||||||||
Subordinated debt, 1.75 percent, issued October 2020 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 700 | |||||||||||||
Rate | 1.75% | |||||||||||||
Subordinated notes | 700 | |||||||||||||
Subordinated notes, issue or (redemption) value | $ | $ 700 | |||||||||||||
Subordinated notes, residual nominal value | € 700 |
Equity - Subordinated notes -_2
Equity - Subordinated notes - Tabular disclosure - Paid coupons (Details) € in Millions, £ in Millions | 12 Months Ended | |||||
Dec. 31, 2020EUR (€) | Dec. 31, 2020GBP (£) | Dec. 31, 2019EUR (€) | Dec. 31, 2019GBP (£) | Dec. 31, 2018EUR (€) | Dec. 31, 2018GBP (£) | |
Disclosure of detailed information about borrowings [line items] | ||||||
Remuneration of subordinated notes | € 280 | € 276 | € 280 | |||
Subordinated debt, 4.25 percent, issued February 2014 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Remuneration of subordinated notes | 21 | 46 | 42 | |||
Subordinated debt, 5.25 percent, issued February 2014 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Remuneration of subordinated notes | 53 | 52 | 52 | |||
Subordinated debt, 5.875 percent, issued February 2014 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Remuneration of subordinated notes | 55 | £ 47 | 44 | £ 38 | 44 | £ 38 |
Subordinated debt, 4 percent, issued October 2014 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Remuneration of subordinated notes | 21 | 31 | 40 | |||
Subordinated debt, 5 percent, issued October 2014 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Remuneration of subordinated notes | 63 | 63 | 63 | |||
Subordinated debt, 5.75 percent, issued October 2014 [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Remuneration of subordinated notes | € 39 | £ 36 | € 39 | £ 35 | € 39 | £ 35 |
Equity - Subordinated notes -_3
Equity - Subordinated notes - Tabular disclosure - Remuneration of Subordinated Notes (Details) € in Millions, £ in Millions | 12 Months Ended | ||||||||||||||
Dec. 31, 2020EUR (€) | Dec. 31, 2020GBP (£) | Dec. 31, 2019EUR (€) | Dec. 31, 2019GBP (£) | Dec. 31, 2018EUR (€) | Dec. 31, 2018GBP (£) | Dec. 31, 2020GBP (£) | Oct. 15, 2020EUR (€) | Dec. 12, 2019EUR (€) | Sep. 19, 2019EUR (€) | Apr. 15, 2019EUR (€) | Oct. 01, 2014EUR (€) | Oct. 01, 2014GBP (£) | Feb. 07, 2014EUR (€) | Feb. 07, 2014GBP (£) | |
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Coupon on subordinated notes | € (280) | € (276) | € (280) | ||||||||||||
Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 | 21 | (21) | |||||||||||||
Subordinated notes remuneration | (258) | (297) | (280) | ||||||||||||
IFRS Subordinated Debt [Member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | 1,099 | £ 988 | |||||||||||||
Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 | 21 | ||||||||||||||
Subordinated debt, issued February 2014 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 2,800 | ||||||||||||||
Subordinated debt, 4.25 percent, issued February 2014 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 1,000 | ||||||||||||||
Rate | 4.25% | 4.25% | |||||||||||||
Coupon on subordinated notes | (21) | (46) | (42) | ||||||||||||
Subordinated debt, 5.25 percent, issued February 2014 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 1,000 | ||||||||||||||
Rate | 5.25% | 5.25% | |||||||||||||
Coupon on subordinated notes | (53) | (52) | (52) | ||||||||||||
Subordinated debt, 5.875 percent, issued February 2014 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 782 | £ 650 | |||||||||||||
Rate | 5.875% | 5.875% | |||||||||||||
Coupon on subordinated notes | (55) | £ (47) | (44) | £ (38) | (44) | £ (38) | |||||||||
Subordinated debt, issued October 2014 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 3,000 | ||||||||||||||
Subordinated debt, 4 percent, issued October 2014 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 1,000 | ||||||||||||||
Rate | 4.00% | 4.00% | |||||||||||||
Coupon on subordinated notes | (21) | (31) | (40) | ||||||||||||
Subordinated debt, 5 percent, issued October 2014 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 1,250 | ||||||||||||||
Rate | 5.00% | 5.00% | |||||||||||||
Coupon on subordinated notes | (63) | (63) | (63) | ||||||||||||
Subordinated debt, 5.75 percent, issued October 2014 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 771 | £ 600 | |||||||||||||
Rate | 5.75% | 5.75% | |||||||||||||
Coupon on subordinated notes | (39) | £ (36) | € (39) | £ (35) | € (39) | £ (35) | |||||||||
Subordinated debt, 2.375 percent, issued April 2019 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 1 | € 1,000 | |||||||||||||
Rate | 2.375% | ||||||||||||||
Coupon on subordinated notes | (24) | ||||||||||||||
Subordinated debt, 1.75 percent, issued September 2019 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 700 | € 500 | |||||||||||||
Rate | 1.75% | ||||||||||||||
Coupon on subordinated notes | € (4) | ||||||||||||||
Subordinated debt, 1.75 percent, issued October 2020 [member] | |||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||
Initial nominal value | € 700 | ||||||||||||||
Rate | 1.75% |
Equity - Subordinated notes - A
Equity - Subordinated notes - Additional information (Details) - IFRS Subordinated Debt [Member] - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about borrowings [line items] | ||
Tax effect of the conversion of subordinated notes whose face value is denominated in pounds sterling | € (25) | |
Various tax effects on subordinated notes | € (2) | € 51 |
Equity - Translation adjustment
Equity - Translation adjustment - Gains (losses) on exchange differences (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Exchange differences on translation [abstract] | |||
Gain (loss) recognized in other comprehensive income during the period | € (414) | € 90 | € (6) |
Reclassification to net income for the period | 0 | (12) | (1) |
Total transaction adjustments for continuing operations | € (414) | € 78 | € (7) |
Equity - Translation adjustme_2
Equity - Translation adjustment - Reserve of exchange differences (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of classes of share capital [line items] | ||||
Total translation adjustments | € (85) | € 329 | € 252 | |
Total translation adjustments accumulated in equity attributable to parent | (256) | 78 | € 15 | 15 |
Total translation adjustments accumulated in equity attributable to non-controlling interests | 171 | 251 | € 237 | 237 |
Polish Zloty | ||||
Disclosure of classes of share capital [line items] | ||||
Total translation adjustments | 668 | 807 | 785 | |
Egyptian Pound | ||||
Disclosure of classes of share capital [line items] | ||||
Total translation adjustments | (503) | (455) | (532) | |
Slovak koruna [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Total translation adjustments | 220 | 220 | 220 | |
Leone | ||||
Disclosure of classes of share capital [line items] | ||||
Total translation adjustments | (143) | (120) | (95) | |
Other currencies [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Total translation adjustments | € (327) | € (123) | € (126) |
Equity - Non-controlling intere
Equity - Non-controlling interests - Net income (Details) - EUR (€) € in Millions | Jan. 01, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of classes of share capital [line items] | ||||
Credit part of net income attributable to n on-controlling interests | € 297 | € 290 | € 271 | |
Debit part of net income attributable to non-controlling interests. | (63) | (71) | (67) | |
Total part of net income attributable to non-controlling interests | € 204 | 233 | 218 | 204 |
Sonatel [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of net income attributable to n on-controlling interests | 197 | 191 | 188 | |
Orange Belgium [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of net income attributable to n on-controlling interests | 26 | 16 | 15 | |
Orange Cote d'Ivoire [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of net income attributable to n on-controlling interests | 43 | 36 | 25 | |
Jordan Telecom and subsidiaries [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of net income attributable to n on-controlling interests | 11 | 12 | 12 | |
Orange Bank [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Debit part of net income attributable to non-controlling interests. | (51) | (65) | (59) | |
Orange Polska and subsidiaries [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of net income attributable to n on-controlling interests | € 11 | |||
Debit part of net income attributable to non-controlling interests. | € (3) | € (2) |
Equity - Non-controlling inte_2
Equity - Non-controlling interests - Comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | € 256 | € 299 | € 297 |
Debit part of comprehensive income attributable to non-controlling interests | (98) | (69) | (84) |
Total part of comprehensive income attributable to non-controlling interests | 158 | 230 | 213 |
Sonatel [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 176 | 181 | 195 |
Orange Belgium [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 25 | 16 | 15 |
Orange Cote d'Ivoire [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 39 | 36 | 26 |
Orange Bank [member] | |||
Disclosure of classes of share capital [line items] | |||
Debit part of comprehensive income attributable to non-controlling interests | (50) | (62) | (62) |
Jordan Telecom and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 15 | 20 | |
Debit part of comprehensive income attributable to non-controlling interests | (3) | ||
Orange Polska and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | € 12 | ||
Debit part of comprehensive income attributable to non-controlling interests | € (35) | € (17) |
Equity - Non-controlling inte_3
Equity - Non-controlling interests - Dividends (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | € 225 | € 248 | € 246 |
Sonatel [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | 165 | 192 | 190 |
Medi Telecom [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | 24 | 22 | 20 |
Orange Belgium [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | 14 | 14 | 14 |
Jordan Telecom and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | € 9 | € 13 | € 14 |
Equity - Earnings per share - N
Equity - Earnings per share - Net income from continuing operations (Details) - EUR (€) € in Millions | Jan. 01, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Shareholders' equity [abstract] | ||||
Net income of continuing operations | € 1,954 | € 4,822 | € 3,004 | € 1,954 |
Effect of subordinated notes | (255) | (268) | (293) | |
Net income attributable to the owners of the parent company - basic (adjusted) | € 4,567 | € 2,736 | € 1,661 |
Equity - Non-controlling inte_4
Equity - Non-controlling interests - Equity (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of classes of share capital [line items] | ||||
Credit part of equity attributable to non-controlling interests | € 2,653 | € 2,700 | € 2,594 | |
Debit part of equity attributable to non-controlling interests | (10) | (13) | (14) | |
Total equity attributable to non-controlling interests | 2,643 | 2,687 | € 2,580 | 2,580 |
Orange Polska and subsidiaries [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of equity attributable to non-controlling interests | 953 | 986 | 973 | |
Sonatel [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of equity attributable to non-controlling interests | 755 | 736 | 744 | |
Orange Belgium [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of equity attributable to non-controlling interests | 285 | 275 | 273 | |
Jordan Telecom and subsidiaries [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of equity attributable to non-controlling interests | 154 | 166 | 164 | |
Medi Telecom [member] | ||||
Disclosure of classes of share capital [line items] | ||||
Credit part of equity attributable to non-controlling interests | € 127 | € 148 | € 153 |
Equity - Earnings per share -_2
Equity - Earnings per share - Net income attributable to the owners of the parent company - Diluted - Components (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Shareholders' equity [abstract] | |||
Net income attributable to the owners of the parent company - basic (adjusted) | € 4,567 | € 2,736 | € 1,661 |
TDIRA | 9 | 12 | |
Net income attributable to the owners of the parent company - diluted | € 4,577 | € 2,747 | € 1,661 |
Equity - Earnings per share -_3
Equity - Earnings per share - Net income attributable to the owners of the parent company - Diluted - Continuing and Discontinued Operations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Shareholders' equity [abstract] | |||
Net income attributable to the owners of the parent company - diluted | € 4,577 | € 2,747 | € 1,661 |
Equity - Weighted average numbe
Equity - Weighted average number of shares outstanding (Details) - shares | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Shareholders' equity [abstract] | |||
Weighted average number of ordinary shares outstanding - basic (in shares) | 2,656,122,534 | 2,652,532,564 | 2,656,683,856 |
TDIRA (in shares) | 26,945,386 | 33,780,544 | |
Free share award plan (in shares) | 720,936 | 1,662,103 | 1,419,415 |
Weighted average number of shares outstanding - diluted (in shares) | 2,683,788,856 | 2,687,975,211 | 2,658,103,271 |
Equity - Earnings per share - C
Equity - Earnings per share - Continuing and discontinued operations (Details) - € / shares | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Shareholders' equity [abstract] | |||
Net income - basic (in euros per share) | € 1.72 | € 1.03 | € 0.63 |
Net income - diluted (in euros per share) | € 1.71 | € 1.02 | € 0.62 |
Unrecognized contractual comm_3
Unrecognized contractual commitments (excluding Orange Bank) - Operating activities commitments - Tabular disclosure (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of unrecognized contractual commitments [line items] | |
Operating activities commitments | € 13,720 |
Operating leases commitments | 489 |
Investment commitments | 1,739 |
Public initiative networks commitments | 4,423 |
Guarantees granted to third parties in the ordinary course of business | 1,493 |
Not later than one year [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Operating activities commitments | 4,007 |
Operating leases commitments | 66 |
Investment commitments | 498 |
Public initiative networks commitments | 1,160 |
Guarantees granted to third parties in the ordinary course of business | 596 |
Later than one year and not later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Operating activities commitments | 4,695 |
Operating leases commitments | 191 |
Investment commitments | 820 |
Public initiative networks commitments | 1,424 |
Guarantees granted to third parties in the ordinary course of business | 302 |
Later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Operating activities commitments | 5,018 |
Operating leases commitments | 233 |
Investment commitments | 422 |
Public initiative networks commitments | 1,839 |
Guarantees granted to third parties in the ordinary course of business | 595 |
Purchase commitment, handsets [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 568 |
Purchase commitment, handsets [member] | Not later than one year [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 557 |
Purchase commitment, handsets [member] | Later than one year and not later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 9 |
Purchase commitment, handsets [member] | Later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 2 |
Purchase commitment, transmission capacity [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,767 |
Purchase commitment, transmission capacity [member] | Not later than one year [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 202 |
Purchase commitment, transmission capacity [member] | Later than one year and not later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 522 |
Purchase commitment, transmission capacity [member] | Later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,043 |
Purchase commitment, other goods and services [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 3,240 |
Purchase commitment, other goods and services [member] | Not later than one year [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 928 |
Purchase commitment, other goods and services [member] | Later than one year and not later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,428 |
Purchase commitment, other goods and services [member] | Later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | € 884 |
Unrecognized contractual comm_4
Unrecognized contractual commitments (excluding Orange Bank) - Property lease commitments - Minimum future lease payments (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | € 489 |
Operating lease, property [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 459 |
Operating lease, property, technical activities [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 21 |
Operating lease, property, shops and office activities [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | € 438 |
Unrecognized contractual comm_5
Unrecognized contractual commitments (excluding Orange Bank) - Property lease commitments - Maturities (Details) € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | € 489 |
Not later than one year [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 66 |
Later than five years [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 233 |
Operating lease, property [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 459 |
Operating lease, property [member] | Not later than one year [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 52 |
Operating lease, property [member] | Later than one year and not later than two years [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 47 |
Operating lease, property [member] | Later than two years and not later than three years [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 44 |
Operating lease, property [member] | Later than three years and not later than four years [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 43 |
Operating lease, property [member] | Later than four years and not later than five years [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 41 |
Operating lease, property [member] | Later than five years [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | € 232 |
Unrecognized contractual comm_6
Unrecognized contractual commitments (excluding Orange Bank) - Property lease commitments - Composition (Details) | Dec. 31, 2020 |
FRANCE | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Percentage of total property lease commitments (as a percent) | 90.00% |
Unrecognized contractual comm_7
Unrecognized contractual commitments (excluding Orange Bank) - Purchase commitments (Details) € in Millions | Dec. 31, 2020EUR (€) |
Purchase commitment, handsets [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | € 568 |
Purchase commitment, transmission capacity [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,767 |
Purchase commitment, satellite transmission capacity [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 408 |
Purchase commitment, agreement on use of FTTH network [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 915 |
Purchase commitment, other goods and services [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 3,240 |
Purchase commitment, TowerCos site management [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 365 |
Purchase commitment, network maintenance [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 298 |
Purchase commitment, submarine cable maintenance [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 197 |
Purchase commitment, broadcasting rights [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 670 |
Purchase commitment, energy purchase commitments [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 279 |
Purchase commitment, Built-to-suit agreement commitments [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 248 |
Purchase commitment, commitments to partners in the field of sports [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | € 153 |
Unrecognized contractual comm_8
Unrecognized contractual commitments (excluding Orange Bank) - Investment commitments (Details) | Jan. 14, 2018item | Dec. 31, 2020EUR (€)itemsite | Dec. 31, 2016 | Dec. 31, 2015item | Dec. 31, 2011item | Nov. 15, 2018item |
Disclosure of unrecognized contractual commitments [line items] | ||||||
Investment commitments | € | € 1,739,000,000 | |||||
FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Housing and professional premises in AMII by 2020 (as a percent) | 100.00% | |||||
Threshold connectable on demand percentage (as a percent) | 8.00% | |||||
Housing and professional premises in AMII by 2022 (as a percent) | 100.00% | |||||
Not later than one year [member] | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Investment commitments | € | € 498,000,000 | |||||
Not later than one year [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Additional sites | 500 | |||||
Not later than eight years [member] | BURKINA FASO | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Number of new localities where 4G license was granted | 60 | |||||
Not later than ten years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Number of areas for coverage commitment of mobile services | 5,000 | |||||
Frequency band, 700 MHz [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 700 | |||||
Frequency band, 700 MHz [member] | Europe, excluding France and Spain [member] | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 700 | |||||
Obligation to cover population of the regional capitals by the end of 2025 (as a percent) | 95.00% | |||||
Obligation to cover population outside the regional capitals | 90.00% | |||||
Obligation to cover total population by the end of 2027 | 70.00% | |||||
Frequency band, 700 MHz [member] | Priority Deployment Areas [Member] | Not later than five years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 40.00% | |||||
Frequency band, 700 MHz [member] | Priority Deployment Areas [Member] | Not later than twelve years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 92.00% | |||||
Frequency band, 700 MHz [member] | Priority Deployment Areas [Member] | Not later than fifteen years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 97.70% | |||||
Frequency band, 700 MHz [member] | Areas Not Yet Covered By Broadband Network [Member] | Not later than twelve years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 100.00% | |||||
Frequency band, 700 MHz [member] | Areas At Level Of Priority Main Roads [Member] | Not later than fifteen years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 100.00% | |||||
Frequency band, 700 MHz [member] | Areas At Level Of National Rail Network [Member] | Not later than seven years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 60.00% | |||||
Frequency band, 700 MHz [member] | Areas At Level Of National Rail Network [Member] | Not later than twelve years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 80.00% | |||||
Frequency band, 700 MHz [member] | Areas At Level Of National Rail Network [Member] | Not later than fifteen years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 90.00% | |||||
Frequency band, 800 MHz [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 800 | |||||
Frequency band, 800 MHz [member] | FRANCE | Bottom of range [member] | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Theoretical maximum download speed the entity has committed to provide for mobile coverage in Mbps | 60 | |||||
Frequency band, 800 MHz [member] | Not later than twelve years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of mobile services coverage commitment (as a percent) | 98.00% | |||||
Frequency band, 800 MHz [member] | Not later than fifteen years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of mobile services coverage commitment (as a percent) | 99.60% | |||||
Frequency band, 800 MHz [member] | Priority Deployment Areas [Member] | Not later than five years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 40.00% | |||||
Frequency band, 800 MHz [member] | Priority Deployment Areas [Member] | Not later than ten years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 90.00% | |||||
Frequency band, 800 MHz [member] | Department [Member] | Not later than twelve years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 90.00% | |||||
Frequency band, 800 MHz [member] | Department [Member] | Not later than fifteen years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 95.00% | |||||
Frequency bands, 900 Mhz [member] | Rural Areas [member] | Not later than three years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 900 | |||||
Frequency bands, 900 Mhz [member] | Rural Areas [member] | Later than three years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 900 | |||||
Frequency bands, 1800 Mhz [member] | Rural Areas [member] | Not later than three years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 1,800 | |||||
Frequency bands, 1800 Mhz [member] | Rural Areas [member] | Later than three years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 1,800 | |||||
Frequency bands, 2100 Mhz [member] | Rural Areas [member] | Not later than three years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 2,100 | |||||
Frequency bands, 2100 Mhz [member] | Rural Areas [member] | Later than three years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in MHz | 2,100 | |||||
Frequency band, 2.6 GHz [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in GHz | 2.6 | |||||
Frequency band, 2.6 GHz [member] | FRANCE | Bottom of range [member] | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Theoretical maximum download speed the entity has committed to provide for mobile coverage in Mbps | 60 | |||||
Frequency band, 2.6 GHz [member] | Not later than four years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of mobile services coverage commitment (as a percent) | 25.00% | |||||
Frequency band, 2.6 GHz [member] | Not later than twelve years [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of mobile services coverage commitment (as a percent) | 75.00% | |||||
Frequency bands 2 GHz and 8 GHz [member] | Not later than one year [member] | EGYPT | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 11.00% | |||||
Frequency bands 2 GHz and 8 GHz [member] | Not later than three years [member] | SENEGAL | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 90.00% | |||||
Frequency bands 2 GHz and 8 GHz [member] | Not later than four years [member] | EGYPT | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 42.50% | |||||
Frequency bands 2 GHz and 8 GHz [member] | Not later than six years [member] | EGYPT | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 69.50% | |||||
Frequency bands 2 GHz and 8 GHz [member] | Not later than ten years [member] | EGYPT | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Percentage of network services coverage commitment (as a percent) | 70.00% | |||||
5G Frequency bands of 3.4-3.8 GHz [member] | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Rollout of sites by the end of 2022 | site | 3,000 | |||||
Rollout of sites by the end of 2024 | € | 8,000 | |||||
Rollout of sites by the end of 2025 | € | 10,500 | |||||
Percentage of sites that must be located in rural areas or industrial areas outside of very densely populated areas | 25.00% | |||||
5G Frequency bands of 3.4-3.8 GHz [member] | FRANCE | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Provision for speed of at least 240 Mbps per sector of sites by the end of 2022 (as a percent) | 75.00% | |||||
Provision for speed of at least 240 Mbps per sector of sites by the end of 2024 (as a percent) | 85.00% | |||||
Provision for speed of at least 240 Mbps per sector of sites by the end of 2025 (as a percent) | 90.00% | |||||
Provision for speed of at least 240 Mbps per sector of sites by the end of 2030 (as a percent) | 100.00% | |||||
5G Frequency bands of 3.4-3.8 GHz [member] | FRANCE | Bottom of range [member] | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in GHz | 3.4 | |||||
5G Frequency bands of 3.4-3.8 GHz [member] | FRANCE | Top of range [member] | ||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||
Frequency expressed in GHz | 3.8 |
Unrecognized contractual comm_9
Unrecognized contractual commitments (excluding Orange Bank) - Public initiative networks commitments (Details) € in Millions | 12 Months Ended |
Dec. 31, 2020EUR (€) | |
Unrecognized contractual commitments [abstract] | |
Public-private service concession commitments, intangible assets | € 1,448 |
Public-private service concession commitments, expenses | 2,420 |
Public-private service concession commitments, financial receivables | 555 |
Public-private service concession commitments, financial debt securities | € 2,043 |
Unrecognized contractual com_10
Unrecognized contractual commitments (excluding Orange Bank) - Guarantees granted to third parties (Details) € in Millions | Dec. 31, 2020EUR (€) |
Unrecognized contractual commitments [abstract] | |
Guarantees granted to third parties in the ordinary course of business | € 1,493 |
Performance guarantees granted to third parties to secure networks and remote access | € 350 |
Unrecognized contractual com_11
Unrecognized contractual commitments (excluding Orange Bank) - Asset and liability warranties in relation to disposals (Details) € in Billions, £ in Billions | 12 Months Ended | ||
Dec. 31, 2020GBP (£) | Dec. 31, 2015 | Dec. 31, 2020EUR (€) | |
Warranty contingent liability, disposal of assets [member] | EE [member] | BT Group Plc [member] | |||
Disclosure of unrecognized contractual commitments [line items] | |||
Percentage of the given warranty for which the entity is responsible | 50.00% | ||
Warranty contingent liability, disposal of assets [member] | EE [member] | BT Group Plc [member] | Top of range [member] | |||
Disclosure of unrecognized contractual commitments [line items] | |||
Estimated warranty in effect | £ 5.1 | € 5.7 | |
Warranty contingent liability, disposal of assets, standard [member] | Dailymotion [member] | |||
Disclosure of unrecognized contractual commitments [line items] | |||
Voting interests disposed of (as a percent) | 10.00% | 90.00% |
Unrecognized contractual com_12
Unrecognized contractual commitments (excluding Orange Bank) - Commitments relating to securities (Details) - Investec [member] - Orange Tunisie [member] | May 20, 2009shares |
Disclosure of unrecognized contractual commitments [line items] | |
Percentage of additional share capital that can be purchased under a call option | 1.00% |
Number of additional shares over the percentage of additional share capital that can be purchased under a call option | 1 |
Percentage of additional share capital that minority interest may sell to the entity if call option is exercised | 15.00% |
Unrecognized contractual com_13
Unrecognized contractual commitments (excluding Orange Bank) - Financing commitments - Pledged or mortgaged assets (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Unrecognized contractual commitments [abstract] | |||
Assets held under finance leases | € 716 | € 636 | € 574 |
Non-current pledged, mortgaged or receivership assets | 20 | 366 | 453 |
Collateralized current assets | 2 | 2 | 21 |
Total | € 739 | € 1,004 | € 1,048 |
Unrecognized contractual com_14
Unrecognized contractual commitments (excluding Orange Bank) - Financing commitments - Non-current pledged or mortgaged assets (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of operating segments [line items] | |||||
Intangibles assets, net (excluding goodwill) | € 15,135 | € 14,737 | € 14,073 | € 14,339 | |
Property, plant and equipment, net | 29,075 | 28,423 | € 27,119 | 27,693 | € 26,665 |
Total non-current assets | 82,639 | 81,753 | € 82,446 | 74,701 | |
Non-current pledged or mortgaged assets | 20 | € 366 | € 453 | ||
Telecom activities, operating segment, after eliminations [member] | |||||
Disclosure of operating segments [line items] | |||||
Intangibles assets, net (excluding goodwill) | 15,042 | ||||
Property, plant and equipment, net | 29,069 | ||||
Non-current financial assets | 1,516 | ||||
Other | 35,627 | ||||
Total non-current assets | 81,255 | ||||
Amount of asset pledged, mortgaged or receivership, intangible assets, net (excluding goodwill) | 18 | ||||
Amount of asset pledged, mortgaged or receivership, property, plant and equipment, net | 1 | ||||
Non-current pledged or mortgaged assets | € 20 | ||||
Percentage of asset pledged or mortgaged, intangible assets, net (excluding goodwill) (as a percent) | 0.00% | ||||
Percentage of proprety, plant and equipment pledged or mortgaged | 0.00% | ||||
Percentage of non-current assets pledged or mortgaged (as a percent) | 0.00% |
Mobile Financial Services act_3
Mobile Financial Services activities- Financial assets and liabilities - General information (Details) | 12 Months Ended |
Dec. 31, 2020segment | |
Banking activities [abstract] | |
Number of business areas | 2 |
Mobile Financial Services act_4
Mobile Financial Services activities - Financial assets and liabilities - Tabular disclosure - Segments (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets related to Mobile Financial Services activities | € 1,210 | € 1,259 | € 1,617 | ||
Non-current financial assets | 1,516 | 1,208 | 2,282 | ||
Non-current derivatives, assets | 132 | 562 | 263 | ||
Current financial assets related to Mobile Financial Services activities | 2,075 | 3,095 | 3,075 | ||
Current financial assets | 3,259 | 4,766 | 2,748 | ||
Current derivatives, assets | 162 | 12 | 139 | ||
Cash and cash equivalents | 8,145 | 6,481 | 5,634 | € 5,810 | |
Non-current financial liabilities related to Mobile Financial Services activities | 0 | 0 | |||
Non-current financial liabilities | 30,089 | 33,148 | € 26,322 | 26,749 | |
Non-current derivatives liabilities | 844 | 487 | 775 | ||
Current financial liabilities related to Mobile Financial Services activities | 3,128 | 4,279 | 4,835 | ||
Current financial liabilities | 5,170 | 3,925 | € 7,103 | 7,270 | |
Current derivatives liabilities | 35 | 22 | 133 | ||
Elimination of intersegment amounts [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | (27) | ||||
Current financial assets related to Mobile Financial Services activities | (2) | ||||
Non-current financial liabilities related to Mobile Financial Services activities | (27) | ||||
Current financial liabilities | (2) | ||||
Telecom activities, operating segment [member] | Operating segments [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | 1,544 | ||||
Non-current derivatives, assets | 132 | ||||
Current financial assets | 3,259 | ||||
Current derivatives, assets | 162 | ||||
Cash and cash equivalents | 7,891 | 6,112 | 5,081 | 5,333 | |
Non-current financial liabilities | 30,089 | ||||
Non-current derivatives liabilities | 769 | ||||
Current financial liabilities | 5,172 | ||||
Current derivatives liabilities | 35 | ||||
Telecom activities, operating segment [member] | Elimination of intersegment amounts [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | (27) | ||||
Current financial assets related to Mobile Financial Services activities | (2) | ||||
Non-current financial liabilities related to Mobile Financial Services activities | (27) | ||||
Current financial liabilities | (2) | ||||
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets related to Mobile Financial Services activities | 1,210 | ||||
Current financial assets related to Mobile Financial Services activities | 2,077 | 3,098 | 3,075 | ||
Cash and cash equivalents | 254 | 369 | 553 | € 477 | |
Non-current financial liabilities related to Mobile Financial Services activities | 27 | ||||
Non-current derivatives liabilities | 75 | ||||
Current financial liabilities related to Mobile Financial Services activities | € 3,128 | € 4,280 | € 4,835 |
Mobile Financial Services act_5
Mobile Financial Services activities - Financial assets related to Orange Bank - After IFRS (Details) - EUR (€) € in Millions | Jan. 01, 2018 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | € 2,075 | € 3,095 | € 3,075 | |
Noncurrent financial assets related to Mobile Financial Services activities | 1,210 | 1,259 | 1,617 | |
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 2,077 | 3,098 | € 3,075 | |
Noncurrent financial assets related to Mobile Financial Services activities | 1,210 | |||
Orange Bank, operating segment [member] | Operating segments [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 2,077 | |||
Noncurrent financial assets related to Mobile Financial Services activities | 1,210 | |||
Financial assets related to Mobile Financial Services activities | € 4,692 | 3,288 | 4,357 | |
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through other comprehensive income, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 3 | |||
Noncurrent financial assets related to Mobile Financial Services activities | 538 | |||
Financial assets related to Mobile Financial Services activities | 925 | 540 | 656 | |
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Noncurrent financial assets related to Mobile Financial Services activities | 2 | |||
Financial assets related to Mobile Financial Services activities | 1 | 2 | 2 | |
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Noncurrent financial assets related to Mobile Financial Services activities | 94 | |||
Financial assets related to Mobile Financial Services activities | 152 | 94 | 179 | |
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at amortised cost, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 2,074 | |||
Noncurrent financial assets related to Mobile Financial Services activities | 577 | |||
Financial assets related to Mobile Financial Services activities | 3,614 | 2,651 | 3,519 | |
Orange Bank, operating segment [member] | Operating segments [member] | Debt securities [member] | Financial assets at fair value through other comprehensive income, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 3 | |||
Noncurrent financial assets related to Mobile Financial Services activities | 538 | |||
Financial assets related to Mobile Financial Services activities | 925 | 540 | 656 | |
Orange Bank, operating segment [member] | Operating segments [member] | Cash collateral paid [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Noncurrent financial assets related to Mobile Financial Services activities | 74 | |||
Financial assets related to Mobile Financial Services activities | 57 | 74 | 76 | |
Orange Bank, operating segment [member] | Operating segments [member] | Other financial assets including receivables related to investments [member] | Financial assets at amortised cost, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 2 | |||
Financial assets related to Mobile Financial Services activities | 2 | 3 | ||
Orange Bank, operating segment [member] | Operating segments [member] | Other financial assets [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Noncurrent financial assets related to Mobile Financial Services activities | 20 | |||
Financial assets related to Mobile Financial Services activities | 23 | 20 | 25 | |
Orange Bank, operating segment [member] | Operating segments [member] | Investments securities [member] | Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Noncurrent financial assets related to Mobile Financial Services activities | 2 | |||
Financial assets related to Mobile Financial Services activities | 1 | 2 | 2 | |
Orange Bank, operating segment [member] | Operating segments [member] | Investments at fair value [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets related to Mobile Financial Services activities | 72 | 79 | ||
Orange Bank, operating segment [member] | Operating segments [member] | IFRS Fixed Income Securities [Member] | Financial assets at amortised cost, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 2 | |||
Noncurrent financial assets related to Mobile Financial Services activities | 577 | |||
Financial assets related to Mobile Financial Services activities | 614 | 579 | 506 | |
Orange Bank, operating segment [member] | Operating segments [member] | Loans and receivables to customers [member] | Financial assets at amortised cost, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 2,000 | |||
Financial assets related to Mobile Financial Services activities | 2,000 | 2,000 | 1,937 | |
Orange Bank, operating segment [member] | Operating segments [member] | Loans and receivables to credit institutions [member] | Financial assets at amortised cost, category [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Current financial assets related to Mobile Financial Services activities | 70 | |||
Financial assets related to Mobile Financial Services activities | € 1,000 | € 70 | € 1,073 |
Mobile Financial Services act_6
Mobile Financial Services activities - Financial assets - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | € 1,210 | € 1,259 | € 1,617 | |
Current financial assets related to Mobile Financial Services activities | 2,075 | 3,095 | 3,075 | |
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 1,210 | |||
Current financial assets related to Mobile Financial Services activities | 2,077 | 3,098 | 3,075 | |
Orange Bank, operating segment [member] | Operating segments [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 1,210 | |||
Current financial assets related to Mobile Financial Services activities | 2,077 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through other comprehensive income, category [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 538 | |||
Current financial assets related to Mobile Financial Services activities | 3 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through other comprehensive income, category [member] | Debt securities [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 538 | |||
Current financial assets related to Mobile Financial Services activities | 3 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 2 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | Investments securities [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 2 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss [member] | Debt securities [member] | ||||
Categories of financial assets [abstract] | ||||
Total | 540 | € 656 | € 925 | € 786 |
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through profit or loss, category [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 94 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through profit or loss, category [member] | Cash collateral paid [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 74 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at fair value through profit or loss, category [member] | Other financial assets [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 20 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at amortised cost, category [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 577 | |||
Current financial assets related to Mobile Financial Services activities | 2,074 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at amortised cost, category [member] | Loans and receivables to customers [member] | ||||
Categories of financial assets [abstract] | ||||
Current financial assets related to Mobile Financial Services activities | 2,000 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at amortised cost, category [member] | Loans and receivables to credit institutions [member] | ||||
Categories of financial assets [abstract] | ||||
Current financial assets related to Mobile Financial Services activities | 70 | |||
Orange Bank, operating segment [member] | Operating segments [member] | Financial assets at amortised cost, category [member] | IFRS Fixed Income Securities [Member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Financial Services activities | 577 | |||
Current financial assets related to Mobile Financial Services activities | € 2 |
Mobile Financial Services act_7
Mobile Financial Services activities - Financial assets related to Orange Bank (Details) - Operating segments [member] - Orange Bank, operating segment [member] - EUR (€) € in Millions | Jan. 01, 2018 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets related to Mobile Financial Services activities | € 4,692 | € 3,288 | € 4,357 |
Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets related to Mobile Financial Services activities | 152 | 94 | 179 |
Financial assets at fair value through profit or loss, category [member] | Investments at fair value [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets related to Mobile Financial Services activities | 72 | 79 | |
Financial assets at fair value through profit or loss, category [member] | Cash collateral paid [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets related to Mobile Financial Services activities | 57 | 74 | 76 |
Financial assets at fair value through profit or loss, category [member] | Other financial assets [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial assets related to Mobile Financial Services activities | € 23 | € 20 | € 25 |
Mobile Financial Services act_8
Mobile Financial Services activities - Assets available for sale - At fair value (Details) - Orange Bank, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Categories of financial assets [abstract] | |||
Changes in fair value | € 1 | € 8 | € (8) |
Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss [member] | Debt securities [member] | |||
Categories of financial assets [abstract] | |||
Financial assets at beginning of period | 656 | 925 | 786 |
Acquisitions | 386 | 165 | 487 |
Repayments and disposals | (500) | (442) | (333) |
Changes in fair value | 1 | 9 | (8) |
Other items | (3) | (1) | (7) |
Financial assets at end of period | € 540 | € 656 | € 925 |
Mobile Financial Services act_9
Mobile Financial Services activities - Assets available for sale - Other comprehensive income (Details) - Operating segments [member] - Orange Bank, operating segment [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Available-for-sale financial assets [abstract] | |||
Profit (loss) recognized in other comprehensive income during the period | € 1 | € 8 | € (8) |
Reclassification in net income during the period | 0 | 1 | |
Other comprehensive income | 1 | 9 | (8) |
Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss [member] | Debt securities [member] | |||
Available-for-sale financial assets [abstract] | |||
Profit (loss) recognized in other comprehensive income during the period | € 1 | € 9 | € (8) |
Mobile Financial Services ac_10
Mobile Financial Services activities - Loans and receivables components (Details) - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | € 2,000 | € 1,937 | € 2,000 |
Total loans and receivables to credit institutions | 70 | 1,073 | 1,000 |
Overdraft [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 802 | 869 | 910 |
Mortgage loans | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 869 | 876 | 824 |
Securities lending [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 129 | 163 | 206 |
Installment receivables [member] | Mobile Financial Services, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 183 | ||
Installment receivables [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 183 | ||
Current accounts [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 10 | 17 | 21 |
Overnight deposits and loans [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to credit institutions | 945 | 850 | |
Loans and receivables [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to credit institutions | 52 | 85 | 85 |
Other loans and advances [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 7 | 12 | 39 |
Total loans and receivables to credit institutions | € 18 | € 43 | € 65 |
Mobile Financial Services ac_11
Mobile Financial Services activities - Financial liabilities (Details) - Orange Bank, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Payables to customers | € 1,883 | € 3,357 | € 3,396 |
Debts with financial institutions | 885 | 448 | 1,103 |
Deposit certificate | 358 | 475 | 335 |
Other | 30 | 28 | 28 |
Financial liabilities relating to banking activities | € 3,155 | € 4,307 | € 4,862 |
Mobile Financial Services ac_12
Mobile Financial Services activities - Financial debts (Details) - Operating segments [member] - Orange Bank, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Customers borrowings and deposits | € 1,883 | € 3,357 | € 3,396 |
Debts with financial institutions | 885 | 448 | 1,103 |
Deposit certificate | 358 | 475 | 335 |
Balances on current accounts from customers [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Customers borrowings and deposits | 949 | 2,546 | 2,538 |
Passbooks and special savings accounts [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Customers borrowings and deposits | 908 | 781 | 776 |
Balances on other deposits from customers [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Customers borrowings and deposits | 26 | 30 | 82 |
Term borrowings and advances with financial institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debts with financial institutions | 615 | € 448 | 467 |
Securities delivered under repurchase agreements [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debts with financial institutions | € 270 | € 636 |
Mobile Financial Services ac_13
Mobile Financial Services activities - Derivatives (Details) - Operating segments [member] € in Millions | Dec. 31, 2020EUR (€) |
Fair value hedges [member] | Portfolio of OATi | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | € 20 |
Fair value of derivative designated as hedging instrument | (5) |
Orange Bank, operating segment [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 202 |
Orange Bank, operating segment [member] | Housing loans and consumer loans portfolio [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 502 |
Orange Bank, operating segment [member] | Fungible treasury Bonds [member] | Later than one year and not later than five years [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 10 |
Orange Bank, operating segment [member] | Fungible treasury Bonds [member] | Later than five years [member] | |
Disclosure of detailed information about hedges [line items] | |
Fair value of derivative not designated as hedging instrument | (1) |
Orange Bank, operating segment [member] | Negotiable Debt | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 10 |
Fair value of derivative not designated as hedging instrument | (1) |
Orange Bank, operating segment [member] | Trading swaps [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 28 |
Orange Bank, operating segment [member] | Fair value hedges [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 5 |
Fair value of derivative designated as hedging instrument | (1) |
Orange Bank, operating segment [member] | Fair value hedges [member] | Housing loans and consumer loans portfolio [member] | |
Disclosure of detailed information about hedges [line items] | |
Fair value of derivative designated as hedging instrument | (16) |
Orange Bank, operating segment [member] | Fair value hedges [member] | Housing loans and consumer loans portfolio [member] | Not later than one year [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 14 |
Orange Bank, operating segment [member] | Fair value hedges [member] | Housing loans and consumer loans portfolio [member] | Later than one year and not later than five years [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 14 |
Orange Bank, operating segment [member] | Fair value hedges [member] | Housing loans and consumer loans portfolio [member] | Later than five years [member] | |
Disclosure of detailed information about hedges [line items] | |
Fair value of derivative designated as hedging instrument | 474 |
Orange Bank, operating segment [member] | Fair value hedges [member] | French inflation-indexed fungible treasury bonds [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 210 |
Fair value of derivative designated as hedging instrument | (47) |
Orange Bank, operating segment [member] | Fair value hedges [member] | Fungible treasury Bonds [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 182 |
Orange Bank, operating segment [member] | Fair value hedges [member] | Fungible treasury Bonds [member] | Not later than one year [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 32 |
Orange Bank, operating segment [member] | Fair value hedges [member] | European inflation-indexed fungible treasury bonds [member] | |
Disclosure of detailed information about hedges [line items] | |
Fair value of derivative designated as hedging instrument | (6) |
Orange Bank, operating segment [member] | Fair value hedges [member] | European inflation-indexed fungible treasury bonds [member] | Later than one year and not later than five years [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 50 |
Orange Bank, operating segment [member] | Fair value hedges [member] | Trading swaps [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 18 |
Orange Bank, operating segment [member] | Cash flow hedges [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 242 |
Fair value of derivative designated as hedging instrument | 0 |
Orange Bank, operating segment [member] | Cash flow hedges [member] | Not later than one year [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | 94 |
Orange Bank, operating segment [member] | Cash flow hedges [member] | Later than one year and not later than five years [member] | |
Disclosure of detailed information about hedges [line items] | |
Initial nominal value | € 148 |
Mobile Financial Services ac_14
Mobile Financial Services activities - Market Risk Management (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2020EUR (€)item | Dec. 31, 2019EUR (€) | Dec. 31, 2018EUR (€) | |
Disclosure of detailed information about financial instruments [line items] | |||
Cost of risk | € 31 | € 10 | € 7 |
Operating segments [member] | Consumer loans | |||
Disclosure of detailed information about financial instruments [line items] | |||
Number of scenarios | item | 3 | ||
Central scenario weighted on provisioning model of the economic forecasts | 70.00% | ||
Optimistic scenario weighted on provisioning model of the economic forecasts | 20.00% | ||
Pessimistic scenario weighted on provisioning model of the economic forecasts | 10.00% | ||
Orange Bank, operating segment [member] | Credit risk [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Provision on consumer credit portfolio | € 4 | ||
Orange Bank, operating segment [member] | Operating segments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
LCR ratio (short-term liquidity ratio) | 435.00% | ||
Net Stable Funding Ratio | 150.00% | ||
Provision to cover the impacts of the health crisis on installment receivables | € 4 | ||
Orange Bank, operating segment [member] | Operating segments [member] | Mortgage loans | |||
Disclosure of detailed information about financial instruments [line items] | |||
Provision for sectors deemed vulnerable | 5 | ||
Total exposure related to customers whose payments had been deferred | € 15 | ||
Total exposure related to customers whose payments had been deferred as a percent of portfolio | 1.80% | ||
Orange Bank, operating segment [member] | Operating segments [member] | Consumer loans | |||
Disclosure of detailed information about financial instruments [line items] | |||
Provision recognized | € 6 | ||
Total exposure related to customers whose payments had been deferred | € 22 | ||
Total exposure related to customers whose payments had been deferred as a percent of portfolio | 2.70% | ||
Orange Bank, operating segment [member] | Operating segments [member] | Company and professional portfolios | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total exposure related to customers whose payments had been deferred | € 66 | ||
Total exposure related to customers whose payments had been deferred as a percent of portfolio | 25.00% | ||
Orange Bank, operating segment [member] | Operating segments [member] | Credit risk [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cost of risk | € (30) | ||
Cost of risk as a percentage of average outstandings | 1.60% | ||
Cost of risk related to the health crisis | € (15) | ||
Cost of risk related to the health crisis as a percentage of average outstandings | 0.80% |
Mobile Financial Services ac_15
Mobile Financial Services activities - Maturities of financial assets - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | |||
Other current financial assets | € 3,259 | € 4,766 | € 2,748 |
Derivative financial assets, undiscounted cash flows | € 294 |
Mobile Financial Services ac_16
Mobile Financial Services activities - Maturities of financial assets - Tabular disclosure (Details) - Orange Bank, operating segment [member] - Operating segments [member] € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | € 3,288 |
Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 796 |
Later than two years and not later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 1,602 |
Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 890 |
Investments securities [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 2 |
Investments securities [member] | Later than two years and not later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 2 |
Debt securities [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 540 |
Debt securities [member] | Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 161 |
Debt securities [member] | Later than two years and not later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 359 |
Debt securities [member] | Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 20 |
IFRS Fixed Income Securities [Member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 579 |
IFRS Fixed Income Securities [Member] | Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 183 |
IFRS Fixed Income Securities [Member] | Later than two years and not later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 232 |
IFRS Fixed Income Securities [Member] | Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 165 |
Loans and receivables to customers [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 2,000 |
Loans and receivables to customers [member] | Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 306 |
Loans and receivables to customers [member] | Later than two years and not later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 1,006 |
Loans and receivables to customers [member] | Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 688 |
Loans and receivables to credit institutions [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 70 |
Loans and receivables to credit institutions [member] | Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 70 |
Other financial assets and derivatives [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 96 |
Other financial assets and derivatives [member] | Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 76 |
Other financial assets and derivatives [member] | Later than two years and not later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 3 |
Other financial assets and derivatives [member] | Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | € 17 |
Mobile Financial Services ac_17
Mobile Financial Services activities - Maturities of financial liabilities - Tabular disclosure (Details) - Operating segments [member] - Orange Bank, operating segment [member] € in Millions | Dec. 31, 2020EUR (€) |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | € 3,230 |
Payable to customers [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 1,883 |
Debts with financial institutions [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 885 |
Deposit certificate [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 358 |
Other financial liabilities and derivatives [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 105 |
Not later than one year [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 2,352 |
Not later than one year [member] | Payable to customers [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 1,883 |
Not later than one year [member] | Debts with financial institutions [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 278 |
Not later than one year [member] | Deposit certificate [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 190 |
Not later than one year [member] | Other financial liabilities and derivatives [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 1 |
Later than two years and not later than five years [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 826 |
Later than two years and not later than five years [member] | Debts with financial institutions [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 606 |
Later than two years and not later than five years [member] | Deposit certificate [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 168 |
Later than two years and not later than five years [member] | Other financial liabilities and derivatives [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 52 |
Later than five years [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 52 |
Later than five years [member] | Other financial liabilities and derivatives [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | € 52 |
Mobile Financial Services ac_18
Mobile Financial Services activities - Maturities of financial liabilities - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of financial liabilities [line items] | ||||
Derivative financial liabilities, undiscounted cash flows | € 804 | |||
Non-current financial liabilities | € 30,089 | € 33,148 | € 26,322 | € 26,749 |
Mobile Financial Services ac_19
Mobile Financial Services activities - Book value of financial assets (Details) - Operating segments [member] - Orange Bank, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Cash and cash equivalent [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | € 553 | ||
Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | € 581 | € 509 | |
Financial assets at amortised cost, category [member] | Loans and receivables [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 2,070 | ||
Financial assets at amortised cost, category [member] | Cash and cash equivalent [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 254 | 369 | |
Financial assets at amortised cost, category [member] | Loans and advances [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 3,010 | ||
Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 94 | 179 | 925 |
Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss [member] | Debt securities [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 540 | 656 | |
Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | IFRS Equity Securities [Member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | € 2 | € 2 | |
Loans and receivables, category [member] | Loans and advances [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 3,000 | ||
Loans and receivables, category [member] | Other financial assets excluding derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 1 | ||
Held-to-maturity investments, category [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 614 | ||
Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | € 152 |
Mobile Financial Services ac_20
Mobile Financial Services activities - Fair value of financial assets (Details) - Orange Bank, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Cash and cash equivalent [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | € 553 | ||
Cash and cash equivalent [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 553 | ||
Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | € 580 | € 501 | |
Financial assets at amortised cost, category [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 580 | 501 | |
Financial assets at amortised cost, category [member] | Loans and receivables [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 2,070 | ||
Financial assets at amortised cost, category [member] | Loans and receivables [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 2,070 | ||
Financial assets at amortised cost, category [member] | Loans and advances [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 3,010 | ||
Financial assets at amortised cost, category [member] | Loans and advances [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 3,010 | ||
Financial assets at amortised cost, category [member] | Cash and cash equivalent [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 254 | 369 | |
Financial assets at amortised cost, category [member] | Cash and cash equivalent [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 254 | 369 | |
Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 94 | 179 | 925 |
Financial assets at fair value through profit or loss, category [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 94 | 179 | 862 |
Financial assets at fair value through profit or loss, category [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 63 | ||
Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss [member] | Debt securities [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 540 | 656 | |
Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss [member] | Debt securities [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 540 | 628 | |
Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss [member] | Debt securities [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 28 | ||
Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | IFRS Equity Securities [Member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 2 | 2 | |
Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | IFRS Equity Securities [Member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | € 2 | € 2 | |
Loans and receivables, category [member] | Loans and advances [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 3,000 | ||
Loans and receivables, category [member] | Loans and advances [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 3,000 | ||
Loans and receivables, category [member] | Other financial assets excluding derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 1 | ||
Loans and receivables, category [member] | Other financial assets excluding derivatives [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 1 | ||
Held-to-maturity investments, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 641 | ||
Held-to-maturity investments, category [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 605 | ||
Held-to-maturity investments, category [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 36 | ||
Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 152 | ||
Financial assets available-for-sale, category [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | € 152 |
Mobile Financial Services ac_21
Mobile Financial Services activities - Book value of financial liabilities (Details) - Orange Bank, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial liabilities [line items] | |||
Financial liabilities relating to banking activities | € (3,155) | € (4,307) | € (4,862) |
Financial liabilities at amortised cost, category [member] | Debts [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities relating to banking activities | € (3,155) | € (4,307) | |
Financial liabilities | € (4,862) |
Mobile Financial Services ac_22
Mobile Financial Services activities - Fair value of financial liabilities (Details) - Operating segments [member] - Orange Bank, operating segment [member] - Financial liabilities at amortised cost, category [member] - Debts [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of financial liabilities [line items] | |||
Fair value of financial liabilities related to Orange Bank's activities | € (3,155) | € (4,307) | |
Financial liabilities, fair value | € (4,862) | ||
Level 2 of fair value hierarchy [member] | |||
Disclosure of financial liabilities [line items] | |||
Fair value of financial liabilities related to Orange Bank's activities | € (3,155) | € (4,307) | |
Financial liabilities, fair value | € (4,862) |
Mobile Financial Services ac_23
Mobile Financial Services activities - Book value of derivatives, net (Details) - Derivatives [member] - Orange Bank, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives, net amount | € (75) | € (74) | € (46) |
Level 2 of fair value hierarchy [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives, net amount | € (75) |
Mobile Financial Services ac_24
Mobile Financial Services activities - Fair value of derivatives, net (Details) - Derivatives [member] - Orange Bank, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount, fair value | € (74) | € (46) |
Level 2 of fair value hierarchy [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount, fair value | € (74) | (29) |
Level 3 of fair value hierarchy [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount, fair value | € (17) |
Mobile Financial Services ac_25
Mobile Financial Services activities - Unrecognized contractual commitments - Commitments given - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Operating leases commitments | € 489 | ||
Operating segments [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financing commitments | 87 | € 421 | € 444 |
Guarantee commitments | 8 | 8 | 12 |
On behalf of banks | 4 | 4 | 8 |
On behalf of customers | 3 | 4 | 4 |
Operating leases commitments | 23 | 37 | |
Total | € 94 | € 452 | € 493 |
Mobile Financial Services ac_26
Mobile Financial Services activities - Unrecognized contractual commitments - Commitments given - Additional information (Details) € in Millions | Dec. 31, 2020EUR (€) |
Operating segments [member] | Orange Bank, operating segment [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Confirmed credit lines | € 320 |
Mobile Finance Services activit
Mobile Finance Services activities - Unrecognized contractual commitments - Commitments received (Details) - Operating segments [member] - Orange Bank, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Received from banks | € 770 | € 747 | € 681 |
Received from customers | 102 | 149 | 153 |
Total | € 872 | € 896 | € 834 |
Mobile Finance Services activ_2
Mobile Finance Services activities - Unrecognized contractual commitments - Assets covered by commitments (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Operating segments [member] | Orange Bank, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets pledged as security to lending financial institutions as guarantees for bank loans | € 1,160 | € 1,126 | € 715 |
Litigation - Provisions (Detail
Litigation - Provisions (Details) - EUR (€) € in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Legal proceedings provision [abstract] | ||||
Legal provisions | € 525 | € 643 | € 572 | € 779 |
Litigation - France (Details)
Litigation - France (Details) - FRANCE € in Millions | Oct. 16, 2020EUR (€) | Jun. 08, 2018EUR (€) | Dec. 18, 2017EUR (€) | Apr. 12, 2016EUR (€) | Dec. 17, 2015EUR (€)item | Feb. 12, 2014EUR (€) | Aug. 31, 2020EUR (€)patent | Sep. 30, 2018EUR (€) | Nov. 30, 2015EUR (€) | Mar. 31, 2015EUR (€) | Jul. 31, 2013EUR (€) | Oct. 31, 2010EUR (€) | Dec. 31, 2009EUR (€) | Mar. 31, 2009EUR (€) | Dec. 31, 2013EUR (€) | Dec. 31, 2012EUR (€) | Dec. 31, 2020item |
French Competition Authority, anti-competitive practices judicial inquiry [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Fines imposed | € 350 | € 63 | |||||||||||||||
Number of anti-competitive practices cited | item | 4 | ||||||||||||||||
French Competition Authority, anti-competitive practices judicial inquiry [member] | Societe francaise du radiotelephone [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Fines imposed | € 60 | ||||||||||||||||
Societe francaise du radiotelephone, anti-competitive practices litigation [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Damages sought | € 512 | ||||||||||||||||
Fines reimbursed | 3,100 | ||||||||||||||||
Revised amount of damages awarded | € 3,000 | ||||||||||||||||
Digicel, anti-competitive practices action [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Losses on litigation settlements | € 180 | ||||||||||||||||
Damages sought | € 493 | € 329 | |||||||||||||||
Fines reimbursed | 97 | ||||||||||||||||
Damages awarded including capitalized interest | € 346 | ||||||||||||||||
Outremer Telecom, anti-competitive practices action [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Losses on litigation settlements | € 8 | ||||||||||||||||
Damages sought | € 75 | ||||||||||||||||
Revised amount of damages awarded | € 3 | ||||||||||||||||
Verizon, fixed-line services litigation [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Fines reimbursed | € 1 | ||||||||||||||||
Payment ordered for services provided | € 1 | ||||||||||||||||
Societe francaise du radiotelephone, fixed-line services litigation [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Losses on litigation settlements | € 51 | ||||||||||||||||
Damages sought | € 257 | € 218 | |||||||||||||||
Revised amount of damages awarded | € 54 | € 53 | |||||||||||||||
Evaluation and Compensation Committee, individual requests received from natural persons [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Individual requests received | item | 1,700 | ||||||||||||||||
Individual requests received, closed subsequent to agreement | item | 470 | ||||||||||||||||
Iliad, mobile handsets pricing litigation [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Damages sought | € 790 | ||||||||||||||||
ASSIA, patent litigation [member] | |||||||||||||||||
Disclosure of contingent liabilities [line items] | |||||||||||||||||
Damages sought | € 500 | ||||||||||||||||
Patents, number | patent | 2 |
Litigation - Banking activities
Litigation - Banking activities (Details) - Orange Bank [member] € in Millions | 12 Months Ended |
Dec. 31, 2019EUR (€)lawsuit | |
Disclosure of contingent liabilities [line items] | |
Number of claims or lawsuits filed | lawsuit | 2 |
Damages sought | € | € 350 |
Litigation - Poland (Details)
Litigation - Poland (Details) - POLAND € in Millions, zł in Millions | Dec. 28, 2020EUR (€) | Dec. 28, 2020PLN (zł) | Nov. 26, 2016EUR (€) | Nov. 26, 2016PLN (zł) | Dec. 31, 2018EUR (€) | Dec. 31, 2018PLN (zł) | Dec. 31, 2015EUR (€)claim | Dec. 31, 2015PLN (zł)claim | Dec. 31, 2013item |
Magna Polonia, collusion litigation [member] | |||||||||
Disclosure of contingent liabilities [line items] | |||||||||
Damages sought | € 144 | zł 618 | |||||||
P4, pricing litigation [member] | |||||||||
Disclosure of contingent liabilities [line items] | |||||||||
Damages sought | € 70 | zł 316 | € 138 | zł 630 | |||||
Number of claims or lawsuits filed | claim | 2 | 2 | |||||||
Number of operators under investigation | item | 3 | ||||||||
Orange Polska and subsidiaries [member] | P4, pricing litigation [member] | |||||||||
Disclosure of contingent liabilities [line items] | |||||||||
Damages sought | € 69 | zł 314 |
Litigation - Romania (Details)
Litigation - Romania (Details) - Dec. 18, 2018 € in Millions, in Millions | EUR (€) | RON ( ) |
Orange Romania [member] | ROMANIA | ||
Disclosure of contingent liabilities [line items] | ||
Fines imposed | € 13 | 65 |
Litigation - Middle East and Af
Litigation - Middle East and Africa (Details) € in Millions, JD in Millions | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 2009item | Sep. 30, 2008item | Dec. 31, 2020JOD (JD) | Dec. 31, 2020EUR (€) | |
JORDAN | Zain, telecom regulator litigation [Member] | ||||
Disclosure of contingent liabilities [line items] | ||||
Damages awarded | JD 250 | € 288 | ||
EGYPT | ||||
Disclosure of contingent liabilities [line items] | ||||
Number of decrees imposing rate adjustments to agreements | 1 | 1 |
Subsequent events (Details)
Subsequent events (Details) | Jan. 22, 2021 |
Disposal of major subsidiary [member] | Orange Concessions [member] | |
Disclosure of non-adjusting events after reporting period [line items] | |
Percentage of equity interest sold | 50.00% |
Main consolidated entities - Ge
Main consolidated entities - General information (Details) | 12 Months Ended |
Dec. 31, 2020entity | |
Disclosure of subsidiaries [abstract] | |
Number of consolidated entities | 418 |
Main consolidated entities - Ta
Main consolidated entities - Tabular information (Details) | 1 Months Ended | 12 Months Ended |
Dec. 31, 2010 | Dec. 31, 2020 | |
Orange SA Business Unit France [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Caraibe [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Generale de Telephone [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Alliance Trs Haut Dbit [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Auvergne Trs Haut Dbit [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Gironde Trs Haut Dbit [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Spain and Subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Belgium [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 52.91% | |
Orange Communications Luxembourg [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 52.91% | |
Orange Moldova [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 94.41% | |
Orange Polska and subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 50.67% | |
Orange Romania [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 99.20% | |
Orange Slovakia [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Airtel in Burkina Faso [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 85.80% | |
Orange Cameroon [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 94.40% | |
Orange RDC [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Cote d'Ivoire [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 72.50% | |
Orange Egypt for Telecommunications and subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 99.96% | |
Orange Guinee [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 37.64% | |
Orange Bissau [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 38.04% | |
Jordan Telecom and subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 51.00% | |
Orange Mali [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 29.37% | |
Medi Telecom [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 40.00% | 49.00% |
Sonatel [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 42.33% | |
Orange SA Business Unit Enterprise [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Globecast Holding and subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Business Services SA and its subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Business and Decision and its subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Basefarm and its subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Business Services Participations and subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Secure Data and Subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Secure Link and Subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange SA Business Unit IC and SS [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
FT IMMO H [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Marine [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Studio [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
OCS [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 66.67% | |
Orange Brand Services Ltd [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 100.00% | |
Orange Bank [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership percentage (as a percent) | 75.86% |
Main consolidated entities - Ad
Main consolidated entities - Additional information (Details) | 1 Months Ended | 12 Months Ended | |
Jul. 31, 2015 | Dec. 31, 2010 | Dec. 31, 2020 | |
Orange MEA [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership percentage (as a percent) | 100.00% | ||
Sonatel [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership percentage (as a percent) | 42.33% | ||
Sonatel [member] | Orange MEA [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership percentage (as a percent) | 42.33% | ||
Medi Telecom [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership percentage (as a percent) | 40.00% | 49.00% | |
Ownership percentage, additional interests acquired (as a percent) | 9.00% | ||
Usufruct acquired, percentage (as a percent) | 1.10% | ||
Medi Telecom [member] | Orange MEA [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership percentage (as a percent) | 49.00% |
Auditors' fees - Fees of the au
Auditors' fees - Fees of the auditors (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Ernst and Young [member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 10 | € 10.2 | € 10.6 |
Services required by the law | 0 | 0.3 | 0.3 |
Subtotal | 10.1 | 10.5 | 10.8 |
Other services | 0.4 | 0.4 | 0.4 |
Total | € 10.5 | € 10.8 | € 11.3 |
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 96.00% | 94.00% | 94.00% |
Services required by the law, percent of total (as a percent) | 0.00% | 3.00% | 2.00% |
Subtotal, percent of total (as a percent) | 93.00% | 97.00% | 96.00% |
Other services, percent of total (as a percent) | 4.00% | 3.00% | 4.00% |
Total (as a percent) | 100.00% | 100.00% | 100.00% |
Ernst and Young [member] | Parent Company [Member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 5.2 | € 5.1 | € 5.4 |
Services required by the law | € 0 | ||
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 50.00% | 48.00% | 48.00% |
Services required by the law, percent of total (as a percent) | 0.00% | 0.00% | 0.00% |
KPMG [member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 10.2 | € 9.8 | € 10.9 |
Services required by the law | 0.5 | 0.4 | 0.5 |
Subtotal | 10.7 | 10.2 | 11.4 |
Other services | 0.1 | 0.1 | 0.1 |
Total | € 10.8 | € 10.3 | € 11.5 |
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 94.00% | 95.00% | 95.00% |
Services required by the law, percent of total (as a percent) | 5.00% | 4.00% | 4.00% |
Subtotal, percent of total (as a percent) | 99.00% | 99.00% | 99.00% |
Other services, percent of total (as a percent) | 1.00% | 1.00% | 1.00% |
Total (as a percent) | 100.00% | 100.00% | 100.00% |
KPMG [member] | Parent Company [Member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 5.1 | € 5.1 | € 6.3 |
Services required by the law | € 0.2 | € 0.2 | € 0.3 |
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 47.00% | 49.00% | 55.00% |
Services required by the law, percent of total (as a percent) | 2.00% | 2.00% | 2.00% |
Auditors' fees - Tax services (
Auditors' fees - Tax services (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Auditors' fees | |||
Tax services | € 0 | € 0 | € 0 |