Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2022 € / shares shares | |
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, 2022 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 001-14712 |
Entity Registrant Name | ORANGE |
Entity Address, Address Line One | 111 quai du Président Roosevelt |
Entity Address, Postal Zip Code | 92130 |
Entity Address, City or Town | Issy-les-Moulineaux |
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 | 2022 |
Document Fiscal Period Focus | FY |
Amendment Flag | false |
ICFR Auditor Attestation Flag | true |
Auditor Name | KPMG SA |
Auditor Firm ID | 1253 |
Auditor Location | Paris La Défense, France |
Deloitte & Associes | |
Document Information [Line Items] | |
Auditor Name | Deloitte & Associés |
Auditor Firm ID | 1756 |
Auditor Location | Paris La Défense, France |
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 | 111 quai du Président Roosevelt |
Entity Address, Postal Zip Code | 92130 |
Entity Address, City or Town | Issy-les-Moulineaux |
Entity Address, Country | FR |
Consolidated income statement
Consolidated income statement - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit (loss) [abstract] | |||
Revenue | € 43,471 | € 42,522 | € 42,270 |
External purchases | (18,732) | (17,973) | (17,691) |
Other operating income | 747 | 783 | 604 |
Other operating expenses | (413) | (700) | (789) |
Labor expenses | (8,920) | (9,917) | (8,490) |
Operating taxes and levies | (1,882) | (1,926) | (1,924) |
Gains (losses) on disposal of fixed assets, investments and activities | 233 | 2,507 | 228 |
Restructuring costs | (125) | (331) | (25) |
Depreciation and amortization of fixed assets | (7,035) | (7,074) | (7,134) |
Depreciation and amortization of financed assets | (107) | (84) | (55) |
Depreciation and amortization of right-of-use assets | (1,507) | (1,481) | (1,384) |
Impairment of goodwill | (817) | (3,702) | |
Impairment of fixed assets | (56) | (17) | (30) |
Impairment of right-of-use assets | (54) | (91) | (57) |
Share of profits (losses) of associates and joint ventures | (2) | 3 | (2) |
Operating income | 4,801 | 2,521 | 5,521 |
Cost of gross financial debt excluding financed assets | (775) | (829) | (1,099) |
Interests on debts related to financed assets | (3) | (1) | (1) |
Gains (losses) on assets contributing to net financial debt | 48 | (3) | (1) |
Foreign exchange gain (loss) | (97) | 65 | (103) |
Interests on lease liabilities | (145) | (120) | (120) |
Other net financial expenses | 52 | 106 | 11 |
Finance costs, net | (920) | (782) | (1,314) |
Income taxes | (1,265) | (962) | 848 |
Consolidated net income | 2,617 | 778 | 5,055 |
Net income attributable to owners of the parent company | 2,146 | 233 | 4,822 |
Non-controlling interests | € 471 | € 545 | € 233 |
Earnings per share [abstract] | |||
Net income - basic (in euros per share) | € 0.73 | € 0 | € 1.72 |
Net income - diluted (in euros per share) | € 0.73 | € 0 | € 1.71 |
Consolidated statement of compr
Consolidated statement of comprehensive income - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Consolidated statement of comprehensive income | |||
Consolidated net income | € 2,617 | € 778 | € 5,055 |
Other comprehensive income [abstract] | |||
Remeasurements of the net defined benefit liability | 176 | 59 | (13) |
Assets at fair value | (116) | 9 | 94 |
Income tax relating to items that will not be reclassified | (47) | (14) | 1 |
Share of other comprehensive income in associates and joint ventures that will not be reclassified | (4) | ||
Items that will not be reclassified to profit or loss (a) | 13 | 51 | 82 |
Assets at fair value | 4 | 1 | 1 |
Cash flow hedges | 295 | 317 | 22 |
Translation adjustment gains and losses | (374) | 200 | (414) |
Income tax relating to items that are or may be reclassified | (70) | (84) | (10) |
Share of other comprehensive income in associates and joint ventures that are or may be reclassified | 51 | 5 | |
Items that are or may be reclassified subsequently to profit or loss (b) | (93) | 439 | (401) |
Other consolidated comprehensive income (a) + (b) | (80) | 490 | (319) |
Consolidated comprehensive income | 2,537 | 1,267 | 4,736 |
Comprehensive income attributable to [abstract] | |||
Comprehensive income attributable to the owners of the parent company | 2,050 | 687 | 4,578 |
Comprehensive income attributable to non-controlling interests | € 487 | € 580 | € 158 |
Consolidated statement of finan
Consolidated statement of financial position - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Assets | |||
Goodwill | € 23,113 | € 24,192 | € 27,596 |
Other intangible assets | 14,946 | 14,940 | 15,135 |
Property, plant and equipment | 31,640 | 30,484 | 29,075 |
Right-of-use assets | 7,936 | 7,702 | 7,009 |
Interests in associates and joint ventures | 1,486 | 1,440 | 98 |
Non-current financial assets related to Mobile Financial Services activities | 656 | 900 | 1,210 |
Non-current financial assets | 977 | 950 | 1,516 |
Non-current derivatives assets | 1,458 | 683 | 132 |
Other non-current assets | 216 | 254 | 136 |
Deferred tax assets | 421 | 692 | 674 |
Total non-current assets | 82,847 | 82,236 | 82,582 |
Inventories | 1,048 | 952 | 814 |
Trade receivables | 6,305 | 6,029 | 5,620 |
Other customer contract assets | 1,570 | 1,460 | 1,236 |
Current financial assets related to Mobile Financial Services activities | 2,742 | 2,381 | 2,075 |
Current financial assets | 4,541 | 2,313 | 3,259 |
Current derivatives assets | 112 | 7 | 162 |
Other current assets | 2,217 | 1,875 | 1,701 |
Operating taxes and levies receivables | 1,265 | 1,163 | 1,104 |
Current taxes assets | 149 | 181 | 128 |
Prepaid expenses | 851 | 851 | 850 |
Cash and cash equivalent | 6,004 | 8,621 | 8,145 |
Total current assets | 26,803 | 25,834 | 25,094 |
Total assets | 109,650 | 108,071 | 107,676 |
Equity and liabilities | |||
Share capital | 10,640 | 10,640 | 10,640 |
Share premiums and statutory reserve | 16,859 | 16,859 | 16,859 |
Subordinated notes | 4,950 | 5,497 | 5,803 |
Retained earnings | (666) | (656) | 1,255 |
Equity attributable to the owners of the parent company | 31,784 | 32,341 | 34,557 |
Non-controlling interests | 3,172 | 3,020 | 2,643 |
Total equity | 34,956 | 35,361 | 37,200 |
Non-current financial liabilities | 31,930 | 31,922 | 30,089 |
Non-current derivatives liabilities | 397 | 220 | 844 |
Non-current lease liabilities | 6,901 | 6,696 | 5,875 |
Non-current fixed assets payables | 1,480 | 1,370 | 1,291 |
Non-current financial liabilities related to Mobile Financial Services activities | 82 | ||
Non-current employee benefits | 2,567 | 2,798 | 1,984 |
Non-current dismantling provisions | 670 | 876 | 885 |
Non-current restructuring provisions | 43 | 61 | 53 |
Other non-current liabilities | 276 | 306 | 307 |
Deferred tax liabilities | 1,124 | 1,185 | 855 |
Total non-current liabilities | 45,471 | 45,434 | 42,182 |
Current financial liabilities | 4,702 | 3,421 | 5,170 |
Current derivatives liabilities | 51 | 124 | 35 |
Current lease liabilities | 1,509 | 1,369 | 1,496 |
Current fixed assets payables | 3,101 | 3,111 | 3,349 |
Trade payables | 7,067 | 6,738 | 6,475 |
Customer contract liabilities | 2,579 | 2,512 | 1,984 |
Current financial liabilities related to Mobile Financial Services activities | 3,034 | 3,161 | 3,128 |
Current employee benefits | 2,418 | 2,316 | 2,192 |
Current dismantling provisions | 26 | 21 | 16 |
Current restructuring provisions | 119 | 124 | 64 |
Other current liabilities | 2,526 | 2,338 | 2,267 |
Operating taxes and levies payables | 1,405 | 1,436 | 1,279 |
Current taxes payables | 538 | 425 | 673 |
Deferred income | 149 | 180 | 165 |
Total current liabilities | 29,223 | 27,276 | 28,294 |
Total equity and liabilities | € 109,650 | € 108,071 | € 107,676 |
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 | |||
Equity at beginning of period (Previously stated) at Dec. 31, 2019 | € 31,875,000,000 | € 10,640,000,000 | € 16,859,000,000 | € 5,803,000,000 | € (961,000,000) | € (467,000,000) | € 2,687,000,000 | € 2,452,000,000 | € 234,000,000 | € 34,561,000,000 | |||
Equity at beginning of period at Dec. 31, 2019 | (467,000,000) | 234,000,000 | € 34,561,000,000 | ||||||||||
Equity at beginning of period (in shares) (Previously stated) at Dec. 31, 2019 | 2,660,056,599 | ||||||||||||
Consolidated comprehensive income | 4,578,000,000 | 4,822,000,000 | (244,000,000) | [1] | 158,000,000 | 233,000,000 | (75,000,000) | [1] | € 4,736,000,000 | ||||
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) | (12,000,000) | (12,000,000) | ||||||||||
Subordinated notes remuneration | (258,000,000) | (258,000,000) | (258,000,000) | ||||||||||
Changes in ownership interests with 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 | 34,557,000,000 | 10,640,000,000 | 16,859,000,000 | 5,803,000,000 | 1,966,000,000 | (711,000,000) | 2,643,000,000 | 2,484,000,000 | 159,000,000 | € 37,200,000,000 | |||
Equity at end of period (in shares) at Dec. 31, 2020 | 2,660,056,599 | ||||||||||||
Consolidated comprehensive income | 687,000,000 | 233,000,000 | 454,000,000 | [1] | 580,000,000 | 545,000,000 | 36,000,000 | [1] | € 1,267,000,000 | ||||
Share-based compensation | 165,000,000 | 165,000,000 | 6,000,000 | 6,000,000 | 171,000,000 | ||||||||
Purchase of treasury shares | (179,000,000) | (179,000,000) | (179,000,000) | ||||||||||
Dividends | (2,127,000,000) | (2,127,000,000) | (218,000,000) | (218,000,000) | (2,345,000,000) | ||||||||
Issues and purchases of subordinated notes | (311,000,000) | (306,000,000) | (6,000,000) | (311,000,000) | |||||||||
Subordinated notes remuneration | (238,000,000) | (238,000,000) | (238,000,000) | ||||||||||
Changes in ownership interests with no gain/loss of control | [2] | (185,000,000) | (185,000,000) | (213,000,000) | (213,000,000) | (398,000,000) | |||||||
Changes in ownership interests with gain/loss of control | [3] | 249,000,000 | 249,000,000 | 249,000,000 | |||||||||
Other movements | (28,000,000) | (28,000,000) | (28,000,000) | (28,000,000) | (55,000,000) | ||||||||
Equity at end of period at Dec. 31, 2021 | 32,341,000,000 | 10,640,000,000 | 16,859,000,000 | 5,497,000,000 | (399,000,000) | (257,000,000) | 3,020,000,000 | 2,825,000,000 | 195,000,000 | € 35,361,000,000 | |||
Equity at end of period (in shares) at Dec. 31, 2021 | 2,660,056,599 | ||||||||||||
Consolidated comprehensive income | 2,050,000,000 | 2,146,000,000 | (96,000,000) | [1] | 487,000,000 | 471,000,000 | 16,000,000 | [1] | € 2,537,000,000 | ||||
Share-based compensation | 11,000,000 | 11,000,000 | 3,000,000 | 3,000,000 | 14,000,000 | ||||||||
Purchase of treasury shares | (7,000,000) | (7,000,000) | (7,000,000) | ||||||||||
Dividends | (1,861,000,000) | (1,861,000,000) | (328,000,000) | (328,000,000) | (2,189,000,000) | ||||||||
Issues and purchases of subordinated notes | (496,000,000) | (547,000,000) | 51,000,000 | (496,000,000) | |||||||||
Subordinated notes remuneration | (215,000,000) | (215,000,000) | (215,000,000) | ||||||||||
Changes in ownership interests with no gain/loss of control | (10,000,000) | (10,000,000) | (10,000,000) | ||||||||||
Other movements | (29,000,000) | (29,000,000) | (10,000,000) | (10,000,000) | (39,000,000) | ||||||||
Equity at end of period at Dec. 31, 2022 | € 31,784,000,000 | € 10,640,226,396 | € 16,859,000,000 | € 4,950,000,000 | € (313,000,000) | € (353,000,000) | € 3,172,000,000 | € 2,960,000,000 | € 211,000,000 | € 34,956,000,000 | |||
Equity at end of period (in shares) at Dec. 31, 2022 | 2,660,056,599 | ||||||||||||
[1] Including in 2022 a variation of 363 million euros related to hedging instruments (of which 187 million euros of hedging in American dollar and pound sterling held by Orange SA), an actuarial gain of 176 million euros mainly related to the increase in discount rates and a foreign exchange loss of (374) million euros mainly due to the depreciation of the Egyptian pound. Including the partial buy-out of minority interests in Orange Belgium and the buy-out of minority interests in Orange Bank (see Note 3.2). Related to the takeover of Telekom Romania Communications (see Note 3.2). |
Analysis of changes in sharehol
Analysis of changes in shareholders' equity related to components of the other comprehensive income - EUR (€) € in Millions | o/w other comprehensive income | Accumulated other comprehensive income, attributable to owners of parent company | Assets at fair value, attributable to owners of the parent company | Hedging instruments, attributable to owners of the parent company | Translation adjustments, attributable to owners of the parent company | Actuarial gains and losses, attributable to owners of the parent company | Deferred tax, attributable to owners of the parent company | Other comprehensive income of associates and joint ventures, attributable to owners of the parent company | Total accumulated other comprehensive income, attributable to non-controlling interests | Assets at fair value, attributable to non-controlling interests | Hedging instruments, attributable to non-controlling interests | Translation adjustment, attributable to non-controlling interests | Actuarial gains and losses, attributable to non-controlling interests | Deferred tax, attributable to non-controlling interests | Other comprehensive income of associates and joint ventures, attributable to non-controlling interests | Total | |||||||||||||||
Equity at beginning of period at Dec. 31, 2019 | € (233) | € (467) | € (28) | € (117) | € 78 | € (563) | € 203 | € (40) | € 234 | € (2) | € (6) | € 251 | € (10) | € 1 | € 34,561 | ||||||||||||||||
Variation | (319) | [1] | (244) | [1] | 95 | [1] | 18 | [1] | (334) | [1] | (15) | [1] | (8) | [1] | (75) | [1] | (1) | [1] | 4 | [1] | (80) | [1] | 2 | [1] | 4,736 | ||||||
Equity at end of period at Dec. 31, 2020 | (552) | (711) | 68 | (98) | (256) | (579) | 195 | (40) | 159 | (3) | (2) | 171 | (8) | 37,200 | |||||||||||||||||
Variation | 490 | [1] | 454 | [1] | 11 | [1] | 318 | [1] | 160 | [1] | 63 | [1] | (98) | [1] | 1 | [1] | 36 | [1] | 0 | [1] | (1) | [1] | 40 | [1] | (4) | [1] | 0 | [1] | € 0 | [1] | 1,267 |
Equity at end of period at Dec. 31, 2021 | (62) | (257) | 78 | 220 | (96) | (516) | 97 | (39) | 195 | (3) | (3) | 212 | (11) | 1 | 35,361 | ||||||||||||||||
Variation | (80) | [1] | (96) | [1] | (111) | [1] | 267 | [1] | (360) | [1] | 179 | [1] | (112) | [1] | 42 | [1] | 16 | [1] | 28 | [1] | (14) | [1] | (3) | [1] | (4) | [1] | 9 | [1] | 2,537 | ||
Equity at end of period at Dec. 31, 2022 | € (142) | € (353) | € (33) | € 487 | € (455) | € (337) | € (16) | € 3 | € 211 | € (4) | € 25 | € 198 | € (14) | € (4) | € 9 | € 34,956 | |||||||||||||||
[1] Including in 2022 a variation of 363 million euros related to hedging instruments (of which 187 million euros of hedging in American dollar and pound sterling held by Orange SA), an actuarial gain of 176 million euros mainly related to the increase in discount rates and a foreign exchange loss of (374) million euros mainly due to the depreciation of the Egyptian pound. |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Hedging instruments | € 363 | € 317 | |
Translation adjustment gains and losses | (374) | 200 | € (414) |
Change in assets available at fair value | 94 | ||
Change in actuarial gains and losses | 176 | 59 | € (13) |
Actuarial gains related to increase in discount rates | 176 | ||
USD and GBP hedging instruments | |||
Hedging instruments | € 319 | ||
USD and GBP hedging instruments | Orange SA | |||
Hedging instruments | € 187 |
Consolidated statement of cash
Consolidated statement of cash flows - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Operating activities | ||||
Consolidated net income | € 2,617 | € 778 | € 5,055 | |
Changes in working capital and operating banking activities | ||||
Non-monetary items and reclassified items for presentation | 13,298 | 14,592 | 10,310 | |
Operating taxes and levies | 1,882 | 1,926 | 1,924 | |
Gains (losses) on disposal of fixed assets, investments and activities | (233) | (2,507) | (228) | |
Other gains and losses | (22) | (28) | (23) | |
Depreciation and amortization of fixed assets | 7,035 | 7,074 | 7,134 | |
Depreciation and amortization of financed assets | 107 | 84 | 55 | |
Depreciation and amortization of right-of-use assets | 1,507 | 1,481 | 1,384 | |
Changes in provisions | (133) | 803 | (504) | |
Impairment of goodwill | 817 | 3,702 | ||
Impairment of fixed assets | 56 | 17 | 30 | |
Impairment of right-of-use assets | 54 | 91 | 57 | |
Share of profits (losses) of associates and joint ventures | (2) | 3 | (2) | |
Operational net foreign exchange and derivatives | 28 | 30 | (11) | |
Finance costs, net | 920 | 782 | 1,314 | |
Income tax | 1,265 | 962 | (848) | |
Share-based compensation | 14 | 179 | 23 | |
Changes in working capital and operating banking activities(1) | [1] | (792) | (177) | (640) |
Decrease (increase) in inventories, gross | (108) | (126) | 72 | |
Decrease (increase) in trade receivables, gross | (289) | 64 | (488) | |
Increase (decrease) in trade payables | 297 | 36 | (122) | |
Changes in other customer contract assets and liabilities | (26) | 140 | (41) | |
Changes in other assets and liabilities (2) | [2] | (666) | (292) | (62) |
Other net cash out | (3,888) | (3,956) | (2,028) | |
Operating taxes and levies paid | (1,906) | (1,880) | (1,929) | |
Dividends received | 13 | 12 | 6 | |
Interest paid and interest rates effects on derivatives, net (3) | [3] | (963) | (1,134) | (1,264) |
Tax dispute for fiscal years 2005-2006 | 2,246 | |||
Income tax paid excluding the effect of the tax litigation for years 2005 - 2006 | (1,033) | (954) | (1,086) | |
Net cash provided by operating activities (a) | 11,235 | 11,236 | 12,697 | |
Investing activities | ||||
Purchases and sales of property, plant and equipment and intangible assets | (8,282) | (8,580) | (7,176) | |
Purchases of property, plant and equipment and intangible assets (4) | [4] | (8,777) | (8,749) | (8,546) |
Increase (decrease) in fixed assets payables | 170 | (72) | 958 | |
Investing donations received in advance | 1 | 24 | 39 | |
Sales of property, plant and equipment and intangible assets (5) | [5] | 324 | 217 | 374 |
Cash paid for investment securities, net of cash acquired | (58) | (211) | (49) | |
Investments in associates and joint ventures | (10) | (3) | (7) | |
Purchases of investment securities measured at fair value | (34) | (76) | (67) | |
Proceeds from sales of investment securities, net of cash transferred | 12 | 891 | 1 | |
Other | 2 | |||
Other proceeds from sales of investment securities at fair value | 5 | 95 | 18 | |
Decrease (increase) in securities and other financial assets | 2,081 | (1,908) | (1,716) | |
Investments at fair value, excluding cash equivalents | (2,256) | 936 | 1,568 | |
Other(6) | [6] | 175 | 972 | 148 |
Net cash used in investing activities (b) | (10,448) | (5,976) | (5,564) | |
Financing activities | ||||
Medium and long-term debt issuances | 1,809 | 2,523 | 2,694 | |
Medium and long-term debt redemptions and repayments(7) | [7] | (1,088) | (4,572) | (3,476) |
Repayments of lease liabilities | (1,519) | (1,625) | (1,398) | |
Increase (decrease) of bank overdrafts and short-term borrowings | (400) | 1,143 | (413) | |
o/w redemption of subordinated notes reclassified in 2019 as short-term borrowings | (500) | |||
Decrease (increase) of cash collateral deposits | 771 | 988 | (747) | |
Exchange rates effects on derivatives, net | (91) | 201 | 37 | |
Subordinated notes issuances (purchases) and other related fees | (451) | (311) | (12) | |
Coupon on subordinated notes | (213) | (238) | (280) | |
Proceeds (purchases) treasury shares | 14 | (199) | 7 | |
o/w | ||||
Capital increase (decrease) - non-controlling interests | 5 | 2 | ||
Changes in ownership interests with no gain / loss of control | (11) | (403) | (3) | |
Dividends paid to owners of the parent company | (1,861) | (2,127) | (1,595) | |
Dividends paid to non-controlling interests | (304) | (218) | (226) | |
Net cash used in financing activities (c) | (3,343) | (4,834) | (5,410) | |
Net change in cash and cash equivalents (a) + (b) + (c) | (2,556) | 427 | 1,724 | |
Net change in cash and cash equivalents | ||||
Cash and cash equivalents in the opening balance | 8,621 | 8,145 | 6,481 | |
Cash change in cash and cash equivalents | (2,556) | 427 | 1,724 | |
Non-cash change in cash and cash equivalents | (61) | 50 | (59) | |
o/w effect of exchange rates changes and other non-monetary effects | (61) | 50 | (59) | |
Cash and cash equivalents in the closing balance | 6,004 | 8,621 | 8,145 | |
Orange Concessions | ||||
Investing activities | ||||
Proceeds from sales of investment securities, net of cash transferred | (8) | 758 | ||
Swiatlowod Inwestycje | ||||
Investing activities | ||||
Proceeds from sales of investment securities, net of cash transferred | 18 | 132 | ||
Telekom Roumania Communications [Member] | ||||
Investing activities | ||||
Cash paid for investment securities, net of cash acquired | 11 | (206) | ||
Other business combinations [member] | ||||
Investing activities | ||||
Cash paid for investment securities, net of cash acquired | € (68) | € (5) | € (49) | |
[1] Operating banking activities mainly include transactions with customers and credit institutions. They are presented in changes in other assets and liabilities. Excluding operating tax receivables and payables Including interests paid on lease liabilities for (141) million euros in 2022, (120) million euros in 2021 and (131) million euros in 2020 and interests paid on financed asset liabilities for (3) million euros in 2022 and (1) million euros in 2021 and 2020. Acquisitions of financed assets for 229 million euros in 2022, 40 million euros in 2021 and 241 million euros in 2020 have no effect on the net cash used in investing activities. Including proceeds from sale and lease-back transactions for 14 million euros in 2022, 10 million euros in 2021 and 227 million euros in 2020. Includes the reimbursement in 2021 of loans granted to Orange Concessions and its subsidiaries for approximately 663 million euros, of which 620 million euros reimbursed by Orange Concessions and 43 million euros by the HIN consortium (see Note 3.2), the reimbursement in 2020 of 97 million euros received by Orange in the context of the dispute with Digicel (see Note 18). Including TDIRA buy-backs in 2020 (see Note 13.4). |
Consolidated statement of cas_2
Consolidated statement of cash flows (Parenthetical) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Statement of cash flows [line items] | ||||
Interests paid on lease liabilities | € (141) | € (120) | € (131) | |
Interests paid on financed asset liabilities | (3) | (1) | (1) | |
Purchase of financed assets | 229 | 40 | 241 | |
Purchases of property, plant and equipment and intangible assets | [1] | 8,777 | 8,749 | 8,546 |
Proceeds from sale and lease-back transactions | € 14 | 10 | 227 | |
Reimbursements | 663 | |||
Orange Concessions | ||||
Statement of cash flows [line items] | ||||
Reimbursements | 620 | |||
HIN Consortium [Member] | ||||
Statement of cash flows [line items] | ||||
Reimbursements | € 43 | |||
Digicel, anti-competitive practices action [member] | ||||
Statement of cash flows [line items] | ||||
Litigations, cash inflows from reimbursements | € 97 | |||
[1] Acquisitions of financed assets for 229 million euros in 2022, 40 million euros in 2021 and 241 million euros in 2020 have no effect on the net cash used in investing activities. |
Segment information
Segment information | 12 Months Ended |
Dec. 31, 2022 | |
Segment information | |
Segment information | Note 1 Segment information 1.1 Changes in segment information In February 2021, Orange announced the creation of Totem, a European TowerCo that operates a tower portfolio consisting of approximately 27,000 sites in France and Spain at December 31, 2022. The TowerCo’s entry into the operational phase resulted in a change in internal reporting by management, and the segment information now presented reflects the Group’s decision to present Totem as a separate segment. This change has also modified the composition of the France and Spain cash-generating units (CGUs). The goodwill initially assigned to the France and Spain CGUs was thus partially reassigned to the Totem CGU, i.e. 1,624 million euros, based on the expected future cash flows of the transferred activity. 1.2 Segment revenue (in millions of euros) France (1) Europe Spain (1) Other Eliminations European Europe countries (3) December 31, 2022 Revenue (4) 17,983 4,647 6,329 (14) Convergence services 4,857 1,870 959 — Mobile-only services 2,332 790 2,079 — Fixed-only services 3,787 (7) 436 783 — IT & integration services — 41 430 — Wholesale 4,938 878 964 (14) Equipment sales 1,323 632 927 — Other revenue 746 1 185 — External 17,238 4,586 6,219 — Inter-operating segments 745 61 109 (14) December 31, 2021 Revenue (4) 18,092 4,720 5,870 (11) Convergence services 4,697 1,870 850 — Mobile-only services 2,276 880 2,007 — Fixed-only services 3,872 (7) 435 652 — IT & integration services — 14 338 — Wholesale 5,313 900 998 (11) Equipment sales 1,226 621 869 — Other revenue 708 1 155 — External 17,489 4,672 5,776 — Inter-operating segments 603 48 94 (11) December 31, 2020 Revenue (4) 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 (7) 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) (1) Since January 1, 2022, Totem's figures are presented in a distinct operating segment. In 2021 and 2020, Totem's figures are included in France, Spain and International Carriers & Shared Services segments (see Note 1.1). (2) Including in 2022, revenue of 473 million euros in France and 212 million euros in Spain. (3) In 2021, the segment includes the contribution of Telekom Romania Communications since September 30, 2021. (4) The description of different sources of revenue is presented in Note 4.1. (5) Including, in 2022, revenue of 5,126 million euros in France, 19 million euros in Spain, 1,413 million euros in other European countries and 1,023 million euros in other countries. Including, in 2021, revenue of 5,118 million euros in France, 13 million euros in Spain, 1,294 million euros in other European countries and 1,331 million euros in other countries. 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. (6) Including revenue of 1,361 million euros in France, 1,353 million euros in 2021 and 1,305 million euros in 2020. (7) Including, in 2022, fixed only broadband revenue of 2,955 million euros and fixed only narrowband revenue of 831 million euros. Including, in 2021, fixed only broadband revenue of 2,862 million euros and fixed only narrowband revenue of 1,010 million euros. Including, in 2020, fixed only broadband revenue of 2,748 million euros and fixed only narrowband revenue of 1,212 million euros. (8) Including, in 2022, revenue of 1,018 million euros from voice services and revenue of 2,448 million euros from data services. Including, in 2021, revenue of 1,106 million euros from voice services and revenue of 2,527 million euros from data services. Including, in 2020, revenue of 1,237 million euros from voice services and revenue of 2,614 million euros from data services. (in millions of euros) Europe Africa & Enterpri-se (5) Totem (1)(2) International Eliminations Total Mobile Eliminations Orange Total Middle- East Carriers & telecom Financial telecom consolidated Shared activities Services activities / financial Services (1)(6) mobile statements financial services December 31, 2022 Revenue (4) 10,962 6,918 7,930 685 1,540 (2,538) 43,480 — (9) 43,471 Convergence services 2,830 — — — — — 7,687 — — 7,687 Mobile-only services 2,869 5,272 659 — — (38) 11,093 — — 11,093 Fixed-only services 1,219 800 3,466 (8) — — (150) 9,121 — (1) 9,120 IT & integration services 471 40 3,489 — — (184) 3,817 — (6) 3,811 Wholesale 1,828 663 41 685 1,060 (1,859) 7,356 — — 7,356 Equipment sales 1,559 104 275 — — (7) 3,255 — — 3,254 Other revenue 187 39 — — 480 (299) 1,152 — (2) 1,150 External 10,805 6,750 7,548 113 1,017 — 43,471 — — 43,471 Inter-operating segments 157 168 383 572 523 (2,538) 9 — (9) — December 31, 2021 Revenue (4) 10,579 6,381 7,757 n/a 1,515 (1,795) 42,530 — (7) 42,522 Convergence services 2,720 — — n/a — — 7,417 — — 7,417 Mobile-only services 2,887 4,884 636 n/a — (31) 10,652 — — 10,652 Fixed-only services 1,087 664 3,633 (8) n/a — (168) 9,089 — (1) 9,088 IT & integration services 352 31 3,195 n/a — (167) 3,411 — (4) 3,407 Wholesale 1,886 654 42 n/a 1,056 (1,249) 7,702 — — 7,702 Equipment sales 1,490 112 250 n/a — (8) 3,070 — — 3,070 Other revenue 157 36 — n/a 460 (172) 1,188 — (2) 1,186 External 10,449 6,216 7,371 n/a 998 — 42,522 — — 42,522 Inter-operating segments 131 165 386 n/a 517 (1,795) 7 — (7) — December 31, 2020 Revenue (4) 10,580 5,834 7,807 n/a 1,450 (1,855) 42,277 — (7) 42,270 Convergence services 2,717 — — n/a — — 7,276 — — 7,276 Mobile services only 3,038 4,420 649 n/a — (35) 10,317 — — 10,317 Fixed services only 1,083 562 3,851 (8) n/a — (177) 9,278 — — 9,277 IT & integration services 310 25 3,086 n/a — (164) 3,256 — (4) 3,252 Wholesale 1,924 695 45 n/a 1,038 (1,313) 8,255 — — 8,255 Equipment sales 1,375 89 175 n/a — (5) 2,821 — — 2,821 Other revenue 134 43 — n/a 412 (160) 1,073 — (2) 1,072 External 10,467 5,660 7,405 n/a 944 — 42,270 — — 42,270 Inter-operating segments 113 175 402 n/a 506 (1,855) 7 — (7) — 1.3 Segment revenue to consolidated net income in 2022 (in millions of euros) France Europe Other Elimina- Spain European tions Total countries (2) Europe Revenue 17,983 4,647 6,329 (14) 10,962 External purchases (7,429) (2,879) (3,684) 14 (6,550) Other operating income 1,229 97 270 — 367 Other operating expenses (486) (162) (187) — (350) Labor expenses (3,435) (266) (736) — (1,002) Operating taxes and levies (834) (140) (101) — (241) Gains (losses) on disposal of fixed assets, investments and activities — — — — — Restructuring costs — — — — — Depreciation and amortization of financed assets (107) — — — — Depreciation and amortization of right-of-use assets (254) (169) (201) — (371) Impairment of right-of-use assets — — — — — Interests on debts related to financed assets (5) (3) — — — — Interests on lease liabilities (5) (18) (17) (27) — (44) EBITDAaL (3) 6,645 1,111 1,662 — 2,772 Significant litigations (3) (3) — — — — Specific labour expenses (3) (330) — — — — Fixed assets, investments and businesses portfolio review (3) — — 29 — 29 Restructuring programs costs (3) (18) (8) (14) — (22) Acquisition and integration costs (3) — — (41) — (41) Depreciation and amortization of fixed assets (2,922) (1,107) (1,057) — (2,164) Impairment of goodwill — — (789) — (789) Impairment of fixed assets (15) — (3) — (3) Share of profits (losses) of associates and joint ventures (18) — (3) — (3) Elimination of interests on debts related to financed assets (5) 3 — — — — Elimination of interests on lease liabilities (5) 18 17 27 — 44 Operating Income 3,361 12 (190) — (177) Cost of gross financial debt except financed assets Interests on debts related to financed assets (5) Gains (losses) on assets contributing to net financial debt Foreign exchange gain (loss) Interests on lease liabilities (5) Other net financial expenses Finance costs, net Income Tax Consolidated net income (1) Since January 1, 2022, Totem's figures are presented in a distinct operating segment (see Note 1.1). (2) In 2021, the segment includes the contribution of Telekom Romania Communications since September 30, 2021. (3) See Note 1.10. for EBITDAaL adjustments. (4) Mobile Financial Services' net banking income is recognized in other operating income and amounts to 116 million euros in 2022. The cost of risk is included in other operating expenses and amounts to (45) million euros in 2022. (5) 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 & Enterprise Totem (1) Interna- Elimination Total Mobile Elimina- Total Presenta- Orange Middle- tional telecom telecom Financial tions tion adjust- consoli- East Carriers & activities activities Services (4) telecom ments (5) dated Shared activites / financial Services mobile statements financial services Revenue 6,918 7,930 685 1,540 (2,538) 43,480 — (9) 43,471 — 43,471 External purchases (2,740) (4,240) (131) (1,997) 4,491 (18,594) (129) 15 (18,707) (24) (18,732) Other operating income 69 191 — 2,101 (3,331) 627 128 (10) 745 2 747 Other operating expenses (171) (657) — (49) 1,377 (335) (36) 4 (367) (47) (413) Labor expenses (575) (2,179) (14) (1,255) — (8,461) (76) — (8,537) (383) (8,920) Operating taxes and levies (660) (82) (5) (55) — (1,877) (2) — (1,879) (3) (1,882) Gains (losses) on disposal of fixed assets, investments and activities — — — — — — — — — 233 233 Restructuring costs — — — — — — — — — (125) (125) Depreciation and amortization of financed assets — — — — — (107) — — (107) — (107) Depreciation and amortization of right-of-use assets (194) (154) (159) (372) — (1,504) (3) — (1,507) — (1,507) Impairment of right-of-use assets — (1) — — — (1) — — (1) (52) (54) Interests on debts related to financed assets (5) — — — — — (3) — — (3) 3 n/a Interests on lease liabilities (5) (64) (6) (4) (10) — (144) — — (145) 145 n/a EBITDAaL (3) 2,584 804 371 (96) — 13,080 (118) 1 12,963 (251) n/a Significant litigations (3) — — — (6) — (9) — — (9) 9 n/a Specific labour expenses (3) — (35) — (9) — (373) 1 — (372) 372 n/a Fixed assets, investments and businesses portfolio review (3) 76 8 — 120 — 233 — — 233 (233) n/a Restructuring programs costs (3) (8) (47) — (89) — (184) 7 — (177) 177 n/a Acquisition and integration costs (3) — (1) (1) (33) — (76) 2 — (74) 74 n/a Depreciation and amortization of fixed assets (1,075) (398) (122) (311) — (6,992) (44) — (7,035) — (7,035) Impairment of goodwill — — — — — (789) (28) — (817) — (817) Impairment of fixed assets 2 (20) — — — (36) (21) — (56) — (56) Share of profits (losses) of associates and joint ventures 22 1 — (3) — (2) — — (2) — (2) Elimination of interests on debts related to financed assets (5) — — — — — 3 — — 3 (3) n/a Elimination of interests on lease liabilities (5) 64 6 4 10 — 144 — — 145 (145) n/a Operating Income 1,665 317 252 (417) — 5,000 (200) 1 4,801 — 4,801 Cost of gross financial debt except financed assets (775) Interests on debts related to financed assets (5) (3) Gains (losses) on assets contributing to net financial debt 48 Foreign exchange gain (loss) (97) Interests on lease liabilities (5) (145) Other net financial expenses 52 Finance costs, net (920) Income Tax (1,265) Consolidated net income 2,617 1.4 Segment revenue to consolidated net income in 2021 (in millions of euros) France Europe Spain Other Elimina- Total European tions countries Europe Revenue 18,092 4,720 5,870 (11) 10,579 External purchases (7,081) (2,768) (3,330) 11 (6,087) Other operating income 1,274 161 192 — 353 Other operating expenses (526) (171) (179) — (350) Labor expenses (3,657) (268) (665) — (932) Operating taxes and levies (838) (163) (96) — (259) Gains (losses) on disposal of fixed assets, investments and activities — — — — — Restructuring costs — — — — — Depreciation and amortization of financed assets (84) — — — — Depreciation and amortization of right-of-use assets (304) (248) (198) — (446) Impairment of right-of-use assets — — — — — Interests on debts related to financed assets (3) (1) — — — — Interests on lease liabilities (3) (8) (14) (15) — (29) EBITDAaL (1) 6,867 1,251 1,579 — 2,830 Significant litigations (1) (128) — — — — Specific labour expenses (1) (959) — (2) — (2) Fixed assets, investments and businesses portfolio review (1) (2) — 359 — 359 Restructuring programs costs (1) (10) (180) (31) — (211) Acquisition and integration costs (1) (7) — (25) — (25) Depreciation and amortization of fixed assets (3,108) (1,107) (1,097) — (2,204) Impairment of goodwill — (3,702) — — (3,702) Impairment of fixed assets (1) — (13) — (13) Share of profits (losses) of associates and joint ventures (8) — 5 — 5 Elimination of interests on debts related to financed assets (3) 1 — — — — Elimination of interests on lease liabilities (3) 8 14 15 — 29 Operating Income 2,653 (3,724) 791 — (2,933) 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 Taxes — — — — — Consolidated net income — — — — — (1) See Note 1.10. for EBITDAaL adjustments. (2) Mobile Financial Services's net banking income is recognized in other operating income and amounts to 109 million euros in 2021. The cost of risk is included in other operating expenses and amounts to (46) million euros in 2021. (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- Orange Middle-East Carriers & telecom telecom Financial telecom tion consoli- Shared activities activities Services (2) activities/mobile adjust- dated financial Services financial services ments (3) statements Revenue 6,381 7,757 1,515 (1,795) 42,530 — (7) 42,522 — 42,522 External purchases (2,502) (3,967) (2,000) 3,786 (17,849) (112) 10 (17,950) (23) (17,973) Other operating income 52 173 2,096 (3,328) 620 114 (4) 730 53 783 Other operating expenses (243) (640) (71) 1,336 (493) (44) 2 (535) (165) (700) Labor expenses (535) (2,119) (1,298) — (8,542) (84) — (8,626) (1,291) (9,917) Operating taxes and levies (644) (80) (66) — (1,887) (3) — (1,890) (36) (1,926) Gains (losses) on disposal of fixed assets, investments and activities — — — — — — — — 2,507 2,507 Restructuring costs — — — — — — — — (331) (331) Depreciation and amortization of financed assets — — — — (84) — — (84) — (84) Depreciation and amortization of right-of-use assets (176) (147) (407) — (1,478) (3) — (1,481) — (1,481) Impairment of right-of-use assets — — — — — — — — (91) (91) Interests on debts related to financed assets (3) — — — — (1) — — (1) 1 n/a Interests on lease liabilities (3) (67) (7) (8) — (119) — — (120) 120 n/a EBITDAaL (1) 2,265 970 (237) — 12,696 (131) 1 12,566 744 n/a Significant litigations (1) — — (6) — (134) — — (134) 134 n/a Specific labour expenses (1) — (123) (190) — (1,274) (3) — (1,276) 1,276 n/a Fixed assets, investments and businesses portfolio review (1) 2 3 2,146 — 2,507 — — 2,507 (2,507) n/a Restructuring programs costs (1) (41) (5) (145) — (412) (11) — (422) 422 n/a Acquisition and integration costs (1) — (1) (16) — (49) (2) — (51) 51 n/a Depreciation and amortization of fixed assets (1,012) (378) (335) — (7,038) (36) — (7,074) — (7,074) Impairment of goodwill — — — — (3,702) — — (3,702) — (3,702) Impairment of fixed assets (1) — (2) — (17) — — (17) — (17) Share of profits (losses) of associates and joint ventures 10 1 (5) — 3 — — 3 — 3 Elimination of interests on debts related to financed assets (3) — — — — 1 — — 1 (1) n/a Elimination of interests on lease liabilities (3) 67 7 8 — 119 — — 120 (120) n/a Operating Income 1,291 474 1,217 — 2,702 (182) 1 2,521 — 2,521 Cost of gross financial debt except financed assets — — — — — — — — — (829) Interests on debts related to financed assets (3) — — — — — — — — — (1) Gains (losses) on assets contributing to net financial debt — — — — — — — — — (3) Foreign exchange gain (loss) — — — — — — — — — 65 Interests on lease liabilities (3) — — — — — — — — — (120) Other net financial expenses — — — — — — — — — 106 Finance costs, net — — — — — — — — — (782) Income Taxes — — — — — — — — — (962) Consolidated net income — — — — — — — — — 778 1.5 Segment revenue to consolidated net income in 2020 (in millions of euros) France Europe Spain Other Elimina- Total European tions countries Europe 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 — 293 Other operating expenses (592) (185) (173) — (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) — (2) — (2) Acquisition and integration costs (1) (1) — (7) — (7) Depreciation and amortization of fixed assets (3,157) (1,059) (1,129) — (2,187) Impairment of goodwill — — — — — Impairment of fixed assets (15) — (8) — (8) Share of profits (losses) of associates and joint ventures (1) — — — — 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 Taxes — — — — — Consolidated net income — — — — — (1) See Note 1.10. 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) Africa & Enterprise Interna- Elimina- Total Mobile Elimina-tions Total Presenta-tion Orange Middle-East tional tion telecom telecom Financial telecom adjust- consoli-dated Carriers & activities activities Services (2) activities/ ments (3) financial Shared mobile statements Services financial services 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) — — (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) — 2 (9) — (12) — — (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) Impairment of goodwill — — — — — — — — — — Impairment of fixed assets — — (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 — — 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 Taxes — — — — — — — — — 848 Consolidated net income — — — — — — — — — 5,055 1.6 Segment investments (in millions of euros) France (1) Europe Spain (1) Other Elimina- European tions countries (3) Europe December 31, 2022 eCAPEX (4) 3,429 863 1,020 — Elimination of proceeds from sales of property, plant and equipment and intangible assets 126 — 56 — Telecommunications licenses 9 10 664 — Financed assets 229 — — — Total investments (7) 3,793 873 1,739 — December 31, 2021 eCAPEX (4) 4,117 980 913 — Elimination of proceeds from sales of property, plant and equipment and intangible assets 49 1 65 — Telecommunications licenses 264 618 32 — Financed assets 40 — — — Total investments (7) 4,471 1,598 1,010 — December 31, 2020 eCAPEX (4) 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 (7) 5,001 1,050 967 — (1) In 2021 and 2020, Totem's figures are included in France, Spain and International Carriers & Shared Services segments (see Note 1.1). (2) Including investments in intangible assets and property, plant and equipment in France for 110 million euros in 2022. (3) Other European countries segment includes the contribution of Telekom Romania Communications acquired on September 30, 2021. (4) See Note 1.10 for eCAPEX definition. (5) Including investments in intangible assets and property, plant and equipment in France for 209 million euros in 2022, 206 million euros in 2021 and 218 million euros in 2020. (6) Including investments in intangible assets and property, plant and equipment in France for 325 million euros in 2022, 271 million euros in 2021 and 303 million euros in 2020. (7) Including 2,678 million euros for other intangible assets and 6,329 million euros for tangible assets in 2022. Including 2,842 million euros for other intangible assets and 5,947 million euros for tangible assets in 2021. Including 2,940 million euros for other intangible assets and 5,848 million euros for tangible assets in 2020. (in millions of euros) Europe Africa & Enterprise (5) Totem (1)(2) International Eliminations Total Mobile Eliminations Orange Total Middle-East Carriers telecom telecom Financial telecom consolidated & Shared activities activities Services activities/ financial Services (1)(6) and mobile statements unallocated financial items services December 31, 2022 eCAPEX (4) 1,883 1,271 332 142 278 — 7,335 35 — 7,371 Elimination of proceeds from sales of property, plant and equipment and intangible assets 56 99 11 — 55 — 347 — — 347 Telecommunications licenses 674 377 — — — — 1,060 — — 1,060 Financed assets — — — — — — 229 — — 229 Total investments (7) 2,612 1,747 344 142 333 — 8,971 35 — 9,007 December 31, 2021 eCAPEX (4) 1,893 1,064 318 n/a 243 — 7,636 24 — 7,660 Elimination of proceeds from sales of property, plant and equipment and intangible assets 66 5 7 n/a 36 — 163 — — 163 Telecommunications licenses 650 12 — n/a — — 926 — — 926 Financed assets — — — n/a — — 40 — — 40 Total investments (7) 2,609 1,082 325 n/a 279 — 8,766 24 — 8,789 December 31, 2020 eCAPEX (4) 1,847 1,036 339 n/a 133 — 7,102 30 — 7,132 Elimination of proceeds from sales of property, plant and equipment and intangible assets 97 9 23 n/a 180 — 444 — — 444 Telecommunications licenses 73 20 — n/a — — 969 — — 969 Financed assets — — — n/a — — 241 — — 241 Total investments (7) 2,017 1,065 362 n/a 313 — 8,757 30 — 8,787 1.7 Segment assets (in millions of euros) France (1) Europe Spain (1) Other Elimina- European tions countries Europe December 31, 2022 Goodwill 13,176 2,734 1,852 — Other intangible assets 4,331 1,994 2,287 — Property, plant and equipment 16,906 3,640 4,239 — Right-of-use assets 1,946 1,035 1,023 — Interests in associates and joint ventures 1,070 — 313 — Non-current assets included in the calculation of net financial debt — — — — Other 9 12 43 — Total non-current assets 37,438 9,415 9,755 — Inventories 429 73 187 — Trade receivables 2,055 601 1,176 (1) Other customer contract assets 371 174 425 — Prepaid expenses 41 373 61 — Current assets included in the calculation of net financial debt — — — — Other 789 77 215 — Total current assets 3,685 1,298 2,064 (1) Total assets 41,123 10,714 11,819 (1) December 31, 2021 Goodwill 14,364 3,170 2,910 — Other intangible assets 4,543 2,259 1,727 — Property, plant and equipment 16,975 3,834 3,967 — Right-of-use assets 2,014 1,093 1,104 — Interests in associates and joint ventures 1,061 — 303 — Non-current assets included in the calculation of net financial debt — — — — Other 9 16 15 — Total non-current assets 38,966 10,372 10,025 — Inventories 438 61 176 — Trade receivables 2,125 643 1,147 1 Other customer contract assets 379 176 407 — Prepaid expenses 35 417 69 — Current assets included in the calculation of net financial debt — — — — Other 737 72 183 — Total current assets 3,713 1,368 1,982 1 Total assets 42,679 11,740 12,007 1 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 — 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 — Total assets 40,477 15,085 11,126 — (1) In 2021 and 2020, Totem's figures are included in France, Spain and International Carriers & Shared Services segments (see Note 1.1). (2) Including intangible and tangible assets for 748 million euros in France in 2022. (3) Including intangible and tangible assets in France for 526 million euros in 2022, 564 million euros in 2021 and 573 million euros |
Description of business and bas
Description of business and basis of preparation of the consolidated financial statements | 12 Months Ended |
Dec. 31, 2022 | |
Description of business and basis of preparation of the consolidated financial statements | |
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 and B2B customers and other telecommunication operators with a wide range of connectivity services, including fixed telephony, mobile telecommunication, data transmission and other value-added services, including Mobile Financial Services. In addition to its role as a supplier of connectivity, the Group provides enterprise services, primarily solutions in the fields of digital work, security and improving business line processes. Telecommunication operator activities are regulated and dependent upon the granting of licenses, just as Mobile Financial Services 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 at its meeting of February 15, 2023 and will be submitted for approval by the Shareholders' Meeting on May 23, 2023. The 2022 consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS) as endorsed by the European Union. Comparative figures are presented for 2021 and 2020 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’s financial statements. Consequently, the Group’s financial statements are prepared in accordance with the IFRS standards and interpretations, as published by the IASB. The principles applied to prepare the 2022 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 according to the weighted average unit cost method IAS 7 Interest paid and dividends received 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 3 Non-controlling interests At the acquisition date, measurement either at fair value or according to the portion of the identifiable net assets of the acquired entity – Topic Note Presentation of consolidated financial statements Financial statements and segment information Operating taxes and levies payables 10.1 Income taxes 10.2 Non-controlling interests: change in ownership interest in a subsidiary and transactions with owners 3 and 15.6 In the absence of any accounting standard or interpretation applicable to a specific transaction or event, the Group's management uses its judgment to define and apply an accounting policy that will result in relevant and reliable information, such that the financial statements: – – – – – Only the amendments of the standards applicable to the Group whose effective date is January 1, 2022 are described below. 2.3.1 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 the income statement. This amendment was adopted by the Group on January 1, 2022 and has had no material effect on Orange’s consolidated financial statements. 2.3.2 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 amount of 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 Group adopted this amendment on January 1, 2022 and did not identify any material impacts during implementation of this amendment. 2.3.3 IFRS IC decision on implementation costs of a cloud computing agreement – IAS 38 The IFRS IC has specified the cases in which configuration and adaptation costs for software acquired as part of SaaS (“Software as a Service”) may be capitalized as intangible assets. In accordance with this decision, only services that result in the creation of an additional code controlled by the customer may be capitalized. Other services would be recognized as expenses for the period or as prepaid expenses. The method used to expense the implementation costs of the Group’s SaaS contracts complies with the accounting provisions set out by the IFRS IC in its decision. 2.3.4 Annual Improvements to IFRSs 2018–2020 Cycle The 2018–2020 cycle of annual improvements to IFRSs resulted in the IASB making minor amendments or clarifications to the standards: – – – – The changes to the above standards have no impact on the consolidated financial statements of the Orange group, either because they do not apply to the Group or because they clarify accounting treatments already adopted by the Group. 2.4 Standards and interpretations compulsory after December 31, 2022 with no early adoption 2.4.1 Amendment to IAS 1: Classification of liabilities as current or non-current The amendment to the standard clarifies the current requirements of IAS 1 on the classification of liabilities in an entity’s balance sheet. This amendment is not expected to have a significant impact on the Group’s statement of financial position. However, the implementation of this amendment could lead to the reclassification of certain liabilities from current to non-current, and vice versa. The date of entry into force of this amendment is January 1, 2024. 2.4.2 Amendment to IAS 1: Disclosure of accounting policies The amendment to the standard indicates that an entity must now disclose their material accounting policies rather than their significant accounting policies. This amendment should only marginally change the information provided by the Group in its notes to the consolidated financial statements. The date of entry into force of this amendment is January 1, 2023. 2.4.3 Amendment to IAS 8: Definition of accounting estimates The amendment to the standard revised the definition of accounting estimates without changing the concept. This amendment is not expected to have any impact on the Group’s consolidated financial statements and will only marginally change the information provided by the Group in its notes to the consolidated financial statements. The date of entry into force of this amendment is January 1, 2023. 2.4.4 Amendment to IAS 12: Taxes — Deferred tax related to assets and liabilities acquired through a single transaction The amendment introduces a new exception to the exemption from the initial recognition of deferred taxes. As a result of this amendment, an entity does not apply the initial recognition exemption for transactions that give rise to deductible temporary differences. Under applicable tax law, equal taxable and deductible temporary differences may arise on initial recognition of an asset and a liability in a transaction that is not a business combination and that affects neither accounting profit nor taxable profit. For example, this may occur when the lease liability and the corresponding right-of-use asset are recognized under IFRS 16 at the inception of a lease. The Group's accounting policies are already aligned with the proposals of the amendment. The provisions of this amendment will apply as of January 1, 2023. 2.4.5 IFRS 17 and amendments to IFRS 9 “Insurance Contracts” The Group is not subject to the provisions of the new IFRS 17 on the recognition and measurement of insurance contracts. The amendment to IFRS 9 proposes provisions enabling the disclosure of comparative information to companies adopting IFRS 17 for the first time. The date of entry into force of this standard and the IFRS amendment is January 1, 2023. 2.4.6 Amendment to IFRS 16 “Leases” – Lease liability in a sale and leaseback The amendment introduces a new concept requiring variable rents to be taken into account when calculating the lease liability arising in a sale and leaseback transaction. Subsequent changes in variable rents will not result in the recognition of a gain or loss on the right-of-use, as the changes only impact the lease liability and the income statement for the difference between the reduction of the lease liability and the actual rents to be paid. The number of transactions resulting in a sale and leaseback remains limited in the Group and generally does not include a significant proportion of variable rent. The Group is completing its analysis before confirming that the implementation of this amendment should not have a material impact on its financial position. The provisions of this amendment will apply as of January 1, 2024. 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 estimates (1) 1 Segment information X 3 Changes in the scope of consolidation, takeovers (business combinations), internal transfer of consolidated shares, assets held for sale X X 4.1 Revenue X X 4.3 Trade receivables X X 4.4 Customer contract net assets and liabilities, costs of obtaining a contract and costs to fulfill a contract, unfulfilled performance obligations X X 4.5 Submarine cable consortiums, Orange Money X 5.1 Advertising, promotion, sponsoring, communication and brand marketing costs X 5.2 Litigation, acquisition and integration costs X X 5.3 Restructuring costs X X 5.4 Broadcasting rights and equipment inventories X 5.6 Trade payables (goods and services) X X 6.2 Employee benefits X X 6.3 Employee share-based compensation X 7 Goodwill, impairment of goodwill X X 8.2 Depreciation and amortization X 8.3 Impairment of fixed assets X X 8.4 Other intangible assets X X 8.5 Property,plant and equipment X X 8.6 Fixed assets payables X X 8.7 Dismantling provisions X X 9 Leases X X 9.1 Right-of-use assets X 9.2 Lease liabilities X X 10.1 Operating taxes and levies X X 10.2 Income taxes X X 11 Interests in associates and joint ventures X X 12 Related-party transactions 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 17.2.7 Fair value of financial assets and liabilities of Orange Bank X 18 Litigation X 20 Scope 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 3 and 20 Control Exercise of judgment in certain circumstances with respect to the existence or not of 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 4 Sales Splitting transaction price between mobile and service Identification of distinct or non-distinct performance obligations Notes 5, 10 and 18 Purchases and other expenses, tax and litigation Litigation (including tax disputes and audits): 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 5 Purchases and other expenses Reverse factoring: distinguishing operating debt and financial debt Note 8 Fixed assets Qualifying network, sites or equipment sharing among operators as joint operations Note 9 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, liabilities and financial results (telecom activities) Equity Distinguishing equity and debt: assessing specific contractual clauses 2.5.2 Use of estimates In preparing the Group's 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, 2022 may subsequently be changed. Topic Key sources of estimates on future income and/or cash flows Notes 4, 14 and 17 Sales Deciding duration of legally binding rights and obligations Notes 5, 10 and 18 Risk of resources outflow linked to litigation (including tax disputes and audits) Onerous contracts Underlying assumptions of the assessment of legal and tax positions Identifying and releasing of uncertain legal and tax positions Underlying assumptions of the assessment Notes 7.3, 7.4, 8.3, 8.4, 8.5 and 11 Measurement of the recoverable values for the impairment tests (goodwill, property, plant and equipment and intangible assets interests in associates and joint ventures) Sensitivity to the discount rate, perpetual growth rate and business plan assumptions affecting expected cash flows (revenue, EBITDAaL and investments) Assessing the competitive, economic and financial environment of the countries where the Group operates Note 10.2 Measurement of the recoverable value of deferred tax assets Assessing the time frame for recovering deferred tax assets when a tax entity returns to profit or when tax legislation limits the use of tax loss carryforwards Note 8 Fixed assets Assessing the useful life of assets based on changes 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) Site dismantling and restoration provisions: dismantling time frame, discount rate, expected cost Note 9 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 6.2 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, assessment 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 14). 2.5.3 Consideration of climate change risks Natural disasters and other accidental events related to climate change, such as fires, could lead to significant destruction of the Orange group's facilities, resulting in both service interruptions and high repair costs. The frequency and intensity of weather events related to climate change (e.g. floods, storms and heat waves) continue to increase, which could aggravate claims and increase the related damage. In the medium term, rising sea levels could affect sites and facilities located near the coast more often. While coverage of claims by insurers could decrease further, the damage caused by major disasters could result in significant costs to Orange, some of which could be at the expense of the Orange group and thus affect its financial position and outlook. The Group is therefore integrating climate change risks more systematically into its activities. This can be seen in the assessment of these risks on the value of some of its assets through their depreciation schedule or as an event that could lead to the identification of an impairment loss indicator or on the future prospects of obtaining financing. Consideration of climate risks is also reflected in the Group's commitment to Net Zero Carbon by 2040. This commitment has led to changes in certain investment choices related to its activity. Numerous projects have been initiated within the Group in order to understand the impacts of climate change on its operations. The implementation of actions to limit the effects of the Group's activities on climate change is also underway. The outcome of these projects could lead the Group to review certain accounting treatments, judgments or estimates of financial risks, the impact of which is still difficult to assess reliably. Climate resilience and adaptation are fast-growing topics and will requires the Group to better assess the risks to which it is exposed. The Group has begun a process of analysis in order to diagnose the exposure to climate risks of its various geographic locations based on the study of various impact scenarios related to climate change. At December 31, 2022, the Group had not identified any reliably estimated material impact on its financial statements at the stage of completion of the projects in progress. 2.5.4 Changes in the macroeconomic environment The judgment and the estimates made by the Group also take specific events into account. In the context of the war in Ukraine, the Group has paid particular attention to: – – – Provided that the conflict does not spread to other geographical areas, and given the Group’s limited presence in Ukraine as well as in Russia and Belarus, the direct impacts on the Group’s financial statements remain limited. |
Gains and losses on disposal an
Gains and losses on disposal and main changes in scope of consolidation | 12 Months Ended |
Dec. 31, 2022 | |
Gains and losses on disposal and main changes in scope of consolidation | |
Gains and losses on disposal and main changes in scope of consolidation | Note 3 Gains and losses on disposal and main changes in scope of consolidation 3.1 Gains (losses) on disposal of fixed assets, investments and activities (in millions of euros) Note 2022 2021 2020 Gains (losses) on disposal of fixed assets 8.1 159 52 221 Gains (losses) on disposal of investments and activities 3.2 74 2,455 7 Gain (losses) on disposal of fixed assets, investments and activities 233 2,507 228 3.2 Main changes in the scope of consolidation Changes in the scope of consolidation during 2022 Merger by incorporation of Deezer by the SPAC I2PO and initial public offering of the global music streaming platform On April 19, 2022, I2PO, a SPAC (special purpose acquisition company) publicly traded since July 2021, and Deezer (the global music and audio streaming platform) announced that they had reached a definitive agreement for a business combination. On July 4, 2022, Deezer’s shareholders contributed their shares to the SPAC in exchange for newly issued shares of the latter. A capital increase was carried out at the same time. The merged entity, renamed Deezer, was floated on the stock exchange on July 5, 2022, and is now listed on the professional compartment of the Euronext Paris regulated market. Before the initial public offering, the transaction valued Deezer’s shares at 1.05 billion euros. Prior to the transaction, the Group held an equity interest of 10.42% in Deezer and exercised a significant influence over the entity due to its presence on the Board of Directors. After the transaction, Orange holds 8.13% of the new entity and no longer exercises a significant influence. Pursuant to IAS 28 and IFRS 9, the transaction entailed the disposal of all of Deezer’s interests in associates and joint ventures and the purchase at fair value of 9,061,723 shares in the new entity. Orange also purchased 500,000 additional shares by participating in the capital increase that followed the merger. The Deezer shares had been fully impaired in the Group’s financial statements and the fair value of the I2PO shares was calculated on the basis of the price proposed for the initial public offering of July 5, 2022, i.e. 8.50 euros per share. This transaction thus resulted in the Orange group recognizing a gain on disposal of 77 million euros in the income statement for the second half-year. The shares of the new entity are presented in the balance sheet as investment securities at fair value through other comprehensive income. The fair value at the closing date corresponds to the stock market price at December 31, 2022 (2.92 euros). This led to a decrease in fair value of (54) million euros recognized in other comprehensive income. Ongoing transactions at December 31, 2022 Signing of an agreement between Orange and MásMóvil to combine their activities in Spain Following exclusive negotiations that began on March 8, 2022, Orange and MásMóvil signed an agreement on July 23 relating to the combination of their activities in Spain (excluding Totem Espagne and MásMóvil Portugal). This business combination will take the form of a 50-50 joint venture, co-controlled by Orange and Lorca JVCo, with equal governance rights in the new company. The transaction is based on an enterprise value of 18.6 billion euros, of which 7.8 billion euros for Orange Espagne and 10.9 billion euros for MásMóvil. The transaction is supported by a 6.6 billion euros of non-recourse debt package that will finance among other things, an upfront payment of 5.85 billion euros to Orange and to the shareholders of MásMóvil (Lorca JVCo). This distribution to the shareholders will be asymmetric as it also embeds an equalization payment in favor of Orange. MásMóvil’s existing debt will remain in place. The agreement includes the right of both parties to trigger an initial public offering (IPO) after a pre-defined period and under certain conditions, with an option for the Orange group to take control and thus fully consolidate the new entity created in the event of an IPO. The Group cannot either be forced to sell its stake or to exercise this option. This joint venture between MásMóvil and Orange will create a sustainable player with the financial capacity and scale to continue investing to foster the future of infrastructure competition in Spain for the benefit of consumers and businesses. This joint venture between two complementary businesses will lead to significant efficiency gains, allowing the combined company to accelerate investments in FTTH and 5G that will benefit Spanish consumers and businesses. On completion of the transaction, the joint venture would then be consolidated using the equity method in the Orange group’s financial statements (due to Orange’s loss of exclusive control over the activities concerned). This transaction is subject to the approval of the European Commission and other competent administrative, regulatory and competition authorities and to the relevant and/or contractual conditions precedent. It is expected to complete in the second half of 2023. In view of the progress of the transaction and the need to obtain the green light from the relevant competition and administrative authorities, the Group considers that the IFRS 5 criteria relating to the classification of the assets concerned as “discontinued operations” are not met at December 31, 2022 Signing of an agreement with Nethys for the acquisition of a majority block of approximately 75% of the capital of VOO in Belgium On December 24, 2021, Orange Belgium announced the signing of an agreement to acquire 75% of the capital minus one share of VOO SA. This transaction is intended to support Orange Belgium’s national convergent strategy and is expected to generate significant synergies, mainly related to the transfer of VOO’s MVNO business to the Orange Belgium network. Completion of the transaction is subject to customary conditions precedent, including the approval of the European Commission, expected in the first quarter of 2023. The transaction values VOO SA at an enterprise value of 1.8 billion euros for 100% of the capital. At the end of the transaction, Nethys will retain a minority interest in VOO and governance rights to ensure the completion of the industrial and social project. The transaction also includes the option for Nethys to convert its stake in VOO into Orange Belgium shares. Changes in the scope of consolidation during 2021 Disposal of 50% of the capital of Orange Concessions On November 3, 2021, after receiving final approvals from the antitrust and local authorities, the Orange group sold a 50% stake in Orange Concessions to the HIN consortium (bringing together La Banque des Territoires, CNP Assurances and EDF Invest) for an amount of 1,053 million euros, resulting in the loss of Orange's exclusive control over this entity and its subsidiaries. In accordance with standard practice in this type of transaction, the amount received by Orange is subject to price adjustments in the months following the transaction. The transaction also includes a call option for the acquisition of an additional 1%, exercisable by Orange during the second quarter of the years 2025 to 2027. Guarantees, which are customary in this type of transaction, have also been granted (see Note 16 "Contractual obligations and off-balance sheet commitments"). As part of the transaction, 43 million euros was also received as compensation for a shareholder loan between Orange and Orange Concessions that existed prior to the disposal date. In addition, in November 2021, Orange Concessions repaid approximately 620 million euros of loans contracted, before the transaction date, with Orange SA following the issuance of bank loans by Orange Concessions. Following this transaction, Orange Concessions is 50% owned by Orange and 50% owned by the consortium, which have joint control over this entity, which combines 24 subsidiaries that hold Public Initiative Networks (PIN) contracts with local authorities in mainland France and the French overseas territories. This investment has been accounted for using the equity method since November 3, 2021. The fair value of the remaining stake retained by the Orange group (corresponding to 50% of the capital of Orange Concessions) amounted to 1,053 million euros at the transaction date (see Note 11 "Interests in associates and joint ventures"). This transaction was reflected in the Group's consolidated income statement as follows: (in millions of euros) At disposal date Sale price of 50% of Orange Concessions' shares to the Consortium 1,053 Reameasurement at fair value of remaining interests held by Orange 1,053 Fair value of Orange Concessions at the disposal date (a) 2,107 Net book value and transaction costs related to sale of Orange Concessions (b) 17 Gain resulting from the loss of exclusive control on Orange Concessions (a)+(b) 2,124 Tax cost related to sale of the shares (47) Net gain resulting from the loss of exclusive control on Orange Concessions 2,077 The effects of the disposal of Orange Concessions shares presented in the cash flow statement are as follows: (in millions of euros) At disposal date Sale price of sold shares, net of transaction costs 1,046 Tax costs related to sale of Orange Concessions' shares (47) Transferred cash of Orange Concessions (242) Sales of investment securities, net of cash transferred 758 The following assets and liabilities of Orange Concessions and its subsidiaries were derecognized on the date of disposal: (in millions of euros) At disposal date Assets 1,374 Intangible and tangible assets 925 Financial assets 76 Trade receivables 71 Other assets 60 Cash and cash equivalents 242 Liabilities 1,374 Net equity (62) Trade payables 632 Financial liabilities 710 Other liabilities 94 Income statement Revenues 471 Operating Income (23) Finance cost, net (21) Income taxes (11) Net income (55) Disposal of 50% of a subsidiary of Orange Polska in the context of the creation of a FiberCo in Poland On August 31, 2021, Orange Polska and the APG Group finalized a share sale agreement under which the Group sold a 50% stake in Światłowód Inwestycje Sp. z o.o., Orange Polska's wholly owned "FiberCo" entity, whose scope of activity includes building fiber infrastructure and offering wholesale access services to other operators. The net tax gain associated with the loss of control in the FiberCo, recognized in the consolidated income statement, amounted to 310 million euros and breaks down as follows: (in millions of euros) At disposal date Sale price of 50% of FiberCo's shares sold to APG Group 292 Reameasurement at fair value of remaining interests hold by Orange Polska 292 Fair value of the FiberCo shares at the disposal date (a) 584 Net book value and transaction costs related to sale of the FiberCo (b) (244) Gain resulting from the loss of control on the FiberCo (a)+(b) 340 Tax cost related to sale of the shares (30) Net gain resulting from the loss of exclusive control on FiberCo 310 The sale price of the shares sold amounts to 292 million euros, of which 202 million euros was received in cash and 90 million euros to be received during the fiscal years 2022 through 2026, subject to compliance with the Fiberco entity's network deployment schedule. Below are the effects of the disposal of FiberCo's shares in the cash flow statement (cash-flows related to investment activities): (in millions of euros) At disposal date Sale price of sold shares, net of transaction costs 288 Tax costs related to the transaction (VAT and income tax) (61) Transferred cash of the sold entity (5) Receivables on sale of shares (90) Sales of investment securities, net of cash transferred 132 The following assets and liabilities of FiberCo were derecognized on the date of disposal: (in millions of euros) At disposal date Assets 297 Tangible assets 87 Operating taxes assets 46 Prepaid expenses 154 Other assets 5 Cash and cash equivalents 5 Liabilities 297 Equity 240 Non current financial liabilities 36 Other liabilities 21 Guarantees, customary in this kind of transaction, were granted. The transaction also includes: ● an obligation on each party to refinance the entity for around 66 million euros between 2023 and 2026, ● a call option for an additional stake of approximately 1 % in Światłowód Inwestycje exercisable by Orange Polska over the fiscal years 2027 through 2029. As of August 31, 2021, Światłowód Inwestycje became a jointly controlled entity with the APG Group accounted for using the equity method (see Note 11 "Interests in associates and joint ventures"). Completion of the purchase price allocation for Telekom Romania Communications On September 30, 2021, Orange Romania completed the acquisition of a 54% majority block in Telekom Romania Communications and the takeover of an MVNO contract previously concluded between Telekom Romania Communications and Telekom Romania Mobile, for an amount of 296 million euros. This transaction aims to accelerate Orange Romania's ambitions to become a major convergent operator for customers in the Romanian market. In accordance with standard practice in this type of transaction, the amount paid by Orange Romania was subject to price adjustments in the months following the transaction. (in millions of euros) At acquisition date Acquisition cost 296 Acquisition cost adjustment (11) Cash acquired (90) Cash paid for investment securities, net of cash acquired 195 In accordance with IFRS 3 – Business Combinations the fair value measurement of the identifiable assets acquired and liabilities assumed was finalized in the 2022 fiscal year. The final purchase price allocation is as follows: (in millions of euros) At acquisition date Purchase price related to the acquisition of the 54% share (1) 285 Fair value of the non-controlling interests 245 Acquisition price (a) 530 Net book value acquired 261 Effects of fair value measurement: Tangible assets (2) 261 Customer relationship 29 Other intangibles 2 Others (3) Net deferred tax (20) Net asset remeasured at fair value (b) 530 Goodwill (a)-(b) — (1) The amount paid by Orange Romania as of September 30, 2021 had been subject to price adjustments in the months following the transaction. (2) The fair value measurement of property, plant and equipment mainly relates to land and buildings. Liability guarantees, which are customary in this type of transaction, were also granted to Orange. Conditional voluntary public tender offer on shares of Orange Belgium On April 8, 2021, Orange SA launched a conditional voluntary public tender offer for 46.97% of the capital of Orange Belgium, corresponding to the balance of remaining shares not held directly and indirectly, at a price of 22 euros per share. The offer was opened from April 8 to April 23, 2021 and then voluntarily reopened from April 28 to May 4, under the same conditions. Following this offer, Orange SA directly and indirectly held 76.97% of the share capital of Orange Belgium. The total acquisition cost of these shares amounted to 316 million euros. This share offer did not change the Orange group's pre-existing control over Orange Belgium, its subsidiaries and non-consolidated shares. Thus, in the Consolidated Financial Statements, this transaction resulted in an effect of (316) million euros on equity (including (172) million euros relating to the portion attributable to owners of the parent company and (144) million euros relating to the portion attributable to minority shareholders). The cash paid out to acquire these minority interests in Orange has been presented in the financing flows in the statement of cash flows. 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 share 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. Accounting policies Changes in the scope of consolidation Entities are fully consolidated if the Group has the following: – – – IFRS 10 requires the exercise of judgment and continuous assessment of the control situation. 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 are taken into account. Takeovers (business combinations) Business combinations are accounted for using the acquisition method: – – For each takeover involving an equity investment below 100%, the fraction of the interest not acquired (non-controlling interests) is measured: – – Costs directly attributable to the acquisition are recognized directly in operating expenses in the period in which they are incurred. When a takeover 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. Loss of exclusive control resulting from the partial disposal of consolidated shares A loss of exclusive control by the Group over one of its subsidiaries results in the recognition in profit or loss of a capital gain or loss on the disposal, and in the remeasurement at fair value of the residual interest retained in accordance with the requirements of IFRS 10 applicable in the event of a loss of control. Loss of significant influence or joint control leading to the discontinuation of the equity method while retaining a residual interest A loss of significant influence or joint control by the Group over one of its associates or joint ventures while retaining a residual interest results in the recognition in profit or loss of a capital gain or loss on the disposal of the shares sold, and, in accordance with the provisions of IAS 28, the remeasurement at fair value of the residual interest retained. The fair value of the retained interest constitutes the entry value of the financial asset within the scope of IFRS 9. Internal transfer of consolidated shares The IFRS do not address the accounting treatment of a 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 entity concerned on 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 is a major component of a business segment, its contribution to the income statement is presented separately below “net income from continuing operations” and its cash flow contribution is presented in the statement of cash flows. |
Trade receivables
Trade receivables | 12 Months Ended |
Dec. 31, 2022 | |
Sales | |
Sales | 4.1 Revenue Revenue is presented by category and segment in Note 1. 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 services-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, value-added audio service, etc.). Some contracts are for a fixed term (generally 12 or 24 months), while others may be terminated at short notice (i.e. monthly arrangements or portions of services). 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). For some content services, 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 subscriptions 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 relating to commercial discounts (initial discount on signing the contract or conditional on reaching a consumption threshold) or items provided free of charge (for example: a free three-month subscription 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 subscription and communication offer. It is not generally separable from the subscription and communication offer and its invoicing 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 devices): 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 installments over a period of up to 24 months. Where payment is received in installments, 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 finance costs, net. 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 device) and services (e.g. a talk & text plan). 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 both a build and run phase For B2B customers, some contracts have two phases: build 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 build 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 being built, then revenues for this phase are recognized upon completion. These contracts are generally multi-year, with scalable offers. On each contract modification, we assess the scope of the modification and its impact on the contract price in order to determine whether the modification should be treated as a separate 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 wholesale customers for domestic wholesale activities or international carrier offers: – – – Current agreements between major transit carriers are not invoiced or cross-invoiced (“free peering”) and are therefore not recognized in revenue. – Quality of service commitment clause The contracts entered into by the Group and its customers include service level commitments regarding the processing of orders, delivery and after-sales support (delivery time, performance, recovery time). If the Group fails to comply with one of these commitments, it then compensates the customer, usually in the form of a price 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 in consideration of a right to receive compensation from either a public entity or users of the public service. This right is accounted for as: – – – Leases Orange’s lease revenue is related either to its regulatory obligations to lease technical sites to its competitors, to the supply of equipment in certain contracts with B2B customers, 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 revenue is recognized on a straight-line basis over the contract term, except for certain equipment leases to B2B customers, which are classified as finance leases; in such cases the equipment is considered sold on credit. |
Other operating income | 4.2 Other operating income (in millions of euros) 2022 2021 2020 Net banking income (NBI) 124 119 79 Income from customer collection 91 89 101 Site rentals and franchises income 34 87 54 Tax credits and subsidies 48 44 31 Income from universal service 3 4 4 Other income 447 441 336 Total 747 783 604 Net banking income (NBI) represents the net balance between income from banking operations (fees charged to customers, interest from loans, banking activities retail commissions and other income from banking operations) and expenses from banking operations (interest paid on loans, commissions paid and other bank operating expenses). It is prepared in accordance with accounting practices that are commonly used in France in the banking sector. Income from customer collection mainly includes interest charged to customers for late payments and recovery of trade receivables previously recognized as losses. Other income is predominantly comprises re-invoicing of network sharing costs, income received from litigation and income relating to line damage. |
Trade receivables | 4.3 Trade receivables (in millions of euros) 2022 2021 2020 Net book value of trade receivables - in the opening balance 6,029 5,620 5,320 Business related variations 299 (53) 379 Changes in the scope of consolidation (1) (3) 389 4 Translation adjustment (76) 36 (90) Reclassifications and other items 56 36 7 Net book value of trade receivables - in the closing balance 6,305 6,029 5,620 (1) Changes in the scope of consolidation in 2021 included the externalization of Orange SA's trade receivables from concession contracts resulting from the loss of sole control over Orange Concessions for 288 million euros and the integration of Telekom Romania Communications for 100 million euros. Sales of receivables program Orange has set up non-recourse programs for the sales of its receivables due in installments in several countries. These are no longer recorded on the balance sheet. The amount received for the receivables disposed of was around 640 million euros in 2022, 740 million euros in 2021, 640 million euros in 2020 and mainly related to Spain, Poland, Romania and France. Since 2020, Orange Spain has had in place a non-recourse program with Orange Bank for the disposal of receivables due in installments, replacing an existing program with a third-party bank. This program led to these receivables being derecognized from the balance sheet of Orange Spain (within telecom activities) and presented 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, 2022 2021 2020 Net trade receivables, depreciated according to their age 1,191 1,204 1,145 Net trade receivables, depreciated according to other criteria 324 422 400 Net trade receivables past due 1,515 1,627 1,544 Net trade receivables not past due (1) 4,790 4,402 4,076 Net trade receivables 6,305 6,029 5,620 o/w short-term trade receivables 6,022 5,793 5,382 o/w long-term trade receivables 283 236 238 (1) Not past due receivables are presented net of the balance of expected losses on trade receivables, which amounted to (46) million euros at December 31, 2022, (54) million euros at December 31, 2021 and (56) million euros at December 31, 2020. Shown below is the ageing table of the net trade receivables which are past due and impaired according to their maturity: (in millions of euros) The Group assessed the risk of non-recovery of trade receivables at December 31, 2022 and recognized impairment and losses on trade receivables in the income statement for an amount of (208) million euros over the period. For Mobile Financial Services, the bank credit risk is described in Note 17.2.1. The table below provides an analysis of the change in impairment for trade receivables in the statement of financial position: (in millions of euros) 2022 2021 2020 Allowances on trade receivables - in the opening balance (1,012) (983) (888) Net addition with impact on income statement (1) (208) (212) (383) Losses on trade receivables 218 283 275 Changes in the scope of consolidation (2) (6) (91) — Translation adjustment 16 (7) 13 Reclassifications and other items (4) (1) — Allowances on trade receivables - in the closing balance (996) (1,012) (983) (1) In 2020, the change in impairment of trade receivables included an effect of (129) million euros on the telecoms business in connection with the impact of the health crisis. (2) In 2021, the change in scope of consolidation is mainly related to the integration of Telekom Romania Communications. Accounting policies Trade receivables are mainly short-term with no stated interest rate and are measured in the statement of financial position at the par value of the receivable, in accordance with IFRS 15. Those trade receivables which include deferred payment terms over 12 or 24 months for customers buying a mobile phone are discounted and classified as current items in the statement of financial position. Receivables from B2B equipment finance leases 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: – – – Recognition of impairment losses for a group of receivables is the step preceding identification of impairment losses on individual receivables. As soon as information is available (customers in bankruptcy or subject to court-ordered liquidation), these receivables are then excluded from the statistical impairment database and individually impaired. The trade receivables may be part of non-recourse programs. When they are assigned to consolidated securitization mutual funds, they remain on the statement of financial position. Other disposals 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 | 4.4 Customer contract net assets and liabilities (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Customer contract net assets (1) 733 740 709 Costs of obtaining a contract 298 294 262 Costs to fulfill a contract 539 426 265 Total customer contract net assets 1,570 1,460 1,236 Prepaid telephone cards (175) (186) (197) Connection fees (507) (563) (589) Loyalty programs (31) (29) (25) Other deferred revenue (2) (1,847) (1,717) (1,158) Other customer contract liabilities (19) (17) (15) Total deferred revenue related to customer contracts (2,579) (2,512) (1,984) Total customer contract net assets and liabilities (1,009) (1,052) (748) (1) Assets net of performance obligations. (2) Includes in particular subscriptions. The change in Other deferred revenue is detailed below. The following tables give an analysis of the balances of customer contract net assets and the costs of acquiring and fulfilling contracts in the statement of financial position. (in millions of euros) 2022 2021 2020 Customer contract net assets - in the opening balance 740 709 771 Business related variations (1) (1) 30 (60) Changes in the scope of consolidation — 4 — Translation adjustment (1) — (3) Reclassifications and other items (6) (3) — Customer contract net assets - in the closing balance 733 740 709 (1) Mainly includes new contract assets net of related liabilities, transfer of net contract assets directly to trade receivables and impairment in the period. (in millions of euros) 2022 2021 2020 Costs of obtaining a contract - in the opening balance 294 262 258 Business related variations 6 20 11 Changes in the scope of consolidation — 12 — Translation adjustment (2) (1) (7) Reclassifications and other items — — — Costs of obtaining a contract - in the closing balance 298 294 262 (in millions of euros) 2022 2021 2020 Costs to fulfill a contract - in the opening balance 426 265 181 Business related variations 122 31 21 Changes in the scope of consolidation — — — Translation adjustment (5) 11 (12) Reclassifications and other items (4) 118 75 Costs to fulfill a contract - in the closing balance 539 426 265 Below is presented the change in deferred income related to customer contracts (prepaid telephone cards, connection fees, loyalty programs and other unearned income) in the statement of financial position: (in millions of euros) 2022 2021 2020 Deferred revenue related to customer contracts - in the opening balance 2,512 1,984 2,093 Business related variations (1) 101 220 (73) Changes in the scope of consolidation (2) 1 183 — Translation adjustment (23) 13 (31) Reclassifications and other items (13) 112 (6) Deferred revenue related to customer contracts - in the closing balance 2,579 2,512 1,984 (1) In 2022, business-related changes mainly concern contracts for the provision of the Orange network in Spain. (2) In 2021, changes in the scope of consolidation mainly concerned prepayment of services for the construction of the network of FiberCo in Poland to Orange Polska and the integration of Telekom Romania Communications. Accounting policies Customer contract net assets and liabilities The timing of income recognition may differ from the timing of 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 provided. In contrast, contract assets mainly refer to amounts allocated under IFRS 15 as consideration for goods or services provided to customers, but for which the right to collect payment is contingent on the provision of other services or goods under the same contract (or group of contracts). This is the case in a bundled offer combining the sale of a mobile phone and mobile telecommunication 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 the telecommunication service to the supply of the mobile phone. The excess 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, including to cover the risk of impairment loss 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 received for goods or services not yet provided, for example for subscriptions 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. Costs 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 subscription or invoice-indexed commission. Where the Group considers that these commissions are incremental and 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 a contract as an expense at the time they are incurred, if the amortization period of the asset that the Group would recognize for them does not exceed one year. The costs of obtaining fixed-period mobile services contracts are capitalized and expensed on a pro rata basis 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 services contracts for a pre-determined term for B2C market customers are expensed on a pro rata basis 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 Costs to fulfill a contract 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 expensed on a pro rata basis over the enforceable period of the contract. At Group level, these costs mainly concern contracts for B2B customers, with, for example, design, installation, connection and migration costs 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, 2022. 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, 2022 Less than one year 6,589 Between 1 and 2 years 2,739 Between 2 and 3 years 943 Between 3 and 4 years 433 Between 4 and 5 years 216 More than 5 years 184 Total remaining performance obligations 11,104 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. |
Other assets | 4.5 Other assets December 31, December 31, December 31, (in millions of euros) 2022 2021 2020 Advances and downpayments 177 147 116 Submarine cable consortiums (1) 230 194 258 Security deposits paid 96 105 93 Orange Money - isolation of electronic money (1) 1,242 1,030 825 Other (2) 688 654 545 Total 2,433 2,130 1,837 (1) These receivables are offset by the liabilities of the same amount (see accounting policies below and Note 5.7). (2) Includes a receivable due under a transmission capacity agreement for an FTTH network in Spain in 2020. (in millions of euros) 2022 2021 2020 Other assets - in the opening balance 2,130 1,837 1,383 Business related variations (1) 304 236 495 Changes in the scope of consolidation 5 24 0 Translation adjustment (17) 28 (32) Reclassifications and other items 11 5 (9) Other assets - in the closing balance 2,433 2,130 1,837 o/w other non-current assets 216 254 136 o/w other current assets 2,217 1,875 1,701 (1) Includes a receivable due under a transmission capacity agreement for an FTTH network in Spain in 2020. 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”. |
Purchases and other expenses
Purchases and other expenses | 12 Months Ended |
Dec. 31, 2022 | |
Purchases and other expenses | |
External purchases | 5.1 External purchases (in millions of euros) 2022 2021 2020 Commercial, equipment expenses and content rights (7,772) (7,385) (6,868) o/w costs of terminals and other equipment sold (1) (4,459) (4,234) (3,841) o/w advertising, promotional, sponsoring and rebranding costs (804) (783) (736) Service fees and inter-operator costs (4,251) (4,349) (4,529) o/w interconnexion costs (2,703) (2,956) (3,186) Other network expenses, IT expenses (3,590) (3,530) (3,503) Other external purchases (3,119) (2,709) (2,791) o/w building cost for resale (1,236) (1,047) (883) o/w overhead (1,172) (1,044) (1,099) o/w rental expenses (134) (147) (151) Total external purchases (18,732) (17,973) (17,691) (1) Reclassification of presentation, in 2022 and comparative years, to include in this line item the costs of other goods sold amounting to 434 million euros in 2022, 292 million euros in 2021 and 265 million euros in 2020. 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 9). |
Other operating expenses | 5.2 Other operating expenses (in millions of euros) 2022 2021 2020 Litigation (50) (218) (238) Allowances and losses on trade receivables – telecom activities (206) (213) (382) Cost of bank credit risk (49) (48) (31) Expenses from universal service (28) (22) (19) Operating foreign exchange gains (losses) (23) (20) 19 Acquisition and integration costs (40) (14) (18) Other expenses (17) (165) (119) Total other operating expenses (413) (700) (789) Impairment and losses on trade receivables from telecom activities are detailed in Note 4.3. The cost of credit risk 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 (see Note 17.2.1). Certain expenses related to litigation are directly recorded in operating income and are not included in the following movements of provisions: (in millions of euros) 2022 2021 2020 Provisions for litigation - in the opening balance 405 525 643 Additions with impact on income statement 26 162 119 Reversals with impact on income statement (12) (10) (29) Discounting with impact on income statement 1 — — Utilizations without impact on income statement (1) (34) (317) (205) Changes in consolidation scope 2 — — Translation adjustment 0 1 (2) Reclassifications and other items — 44 — Provisions for litigation - in the closing balance 387 405 525 o/w non-current provisions 47 51 46 o/w current provisions 340 353 479 (1) Corresponded mainly to the conviction linked to anti-competitive practices in the "enterprise" market segment in 2021 and to the conviction in the Digicel litigation in 2020 (see Note 18). 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 toward 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 at any time. 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 employees, 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 integration costs | 5.3 Restructuring and integration costs (in millions of euros) 2022 2021 2020 Departure plans (1) (54) (241) (15) Lease property restructuring (2) (21) (6) 2 Distribution channels (3) (12) (22) (5) Other (38) (63) (8) Total restructuring costs (125) (331) (25) (1) Mainly departure plans for Equant (around 300 people) in 2022, Orange Spain (around 400 people) and Orange Polska (around 1,400 people) in 2021. (2) Essentially related to onerous contracts due to vacant leases in France. (3) Essentially concerns the closure of sales outlets in Spain in 2022 and 2021. Some restructuring costs are directly recorded in operating income and are not included in the following movements of provisions: (in millions of euros) 2022 2021 2020 Restructuring provisions - in the opening balance 185 117 216 Additions with impact on income statement (1) 98 277 12 Reversals with impact on income statement (26) (17) (17) Discounting with impact on income statement (5) (1) 4 Utilizations without impact on income statement (90) (191) (95) Translation adjustment (1) — (3) Reclassifications and other items — (1) — Restructuring provisions - in the closing balance 162 185 117 o/w non-current provisions 43 61 53 o/w current provisions 119 124 64 (1) Mainly corresponds to costs relating to Equant departure plans amounting to (30) million euros in 2022, (155) million euros in Spain and (29) million euros in Poland in 2021. Accounting policies Restructuring costs The adaptation of the Group's activities to changes in the environment may generate costs related to the discontinuation or major transformation of an activity. 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: – – – – – |
Equipment inventories and Broadcasting rights | 5.4 Equipment inventories and Broadcasting rights (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Device inventories (1) 629 593 485 Other products/services sold 125 77 75 Available broadcasting rights 102 102 93 Other supplies 258 242 223 Gross value 1,114 1,015 874 Depreciation (67) (64) (60) Net book value of equipment inventories and broadcasting rights 1,048 952 814 (1) Of which inventories treated as consignment with distributors amounting to 42 million euros as at December 31, 2022, 68 million euros as at December 31, 2021 and 40 million euros as at December 31, 2020. (in millions of euros) 2022 2021 2020 Net balance of inventories - in the opening balance 952 814 906 Business related variations 104 125 (70) Changes in the scope of consolidation 3 9 - Translation adjustment (4) 3 (8) Reclassifications and other items (6) (1) (14) Net balance of inventories - in the closing balance 1,048 952 814 Accounting policies Network maintenance equipment and equipment intended for sale to customers are measured at the lower of cost or likely realizable net book 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 | 5.5 Prepaid expenses December 31, December 31, December 31, (in millions of euros) 2022 2021 2020 Prepaid external purchases 780 611 651 Other prepaid operating expenses 72 240 199 Total prepaid expenses 851 851 850 (in millions of euros) 2022 2021 2020 Prepaid expenses - in the opening balance 851 850 730 Business related variations (1) 57 5 171 Changes in the scope of consolidation 0 — - Translation adjustment (49) 10 (12) Reclassifications and other items (2) (8) (13) (40) Prepaid expenses - in the closing balance 851 851 850 (1) In 2020, the change included a prepaid expense recognized in respect of an agreement for the provision of FTTH capacity in Spain. (2) Including the effect of the reclassification of prepaid expenses as costs to fulfill contract (see Note 4.4). |
Trade payables | 5.6 Trade payables (in millions of euros) 2022 2021 2020 Trade payables - in the opening balance 6,738 6,475 6,682 Business related variations 297 41 (122) Changes in the scope of consolidation (1) 9 125 1 Translation adjustment (71) 47 (80) Reclassifications and other items 95 49 (6) Trade payables - in the closing balance 7,067 6,738 6,475 o/w trade payables from telecoms activities 6,951 6,652 6,395 o/w trade payables from Mobile Financial Services 116 86 80 (1) Of which 108 million euros related to the integration of Telekom Romania Communications in 2021. Supplier payment terms are mutually agreed between the suppliers and Orange in accordance with the regulations 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 requirement at the end of the period, amounted to approximately 377 million euros at December 31, 2022, 460 million euros at December 31, 2021, and 435 million euros at the end of 2020. Accounting policies Trade payables resulting from commercial transactions and settled in the normal operating cycle are classified as current items. They include payables that the supplier may have assigned, with or without notification, to financial institutions as part of 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 have the characteristics of trade payables, in particular due to the ongoing commercial relationship, the payment schedules ultimately consistent with the operating cycle of a telecommunication operator, in particular for the purchase of primary infrastructure, 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. |
Other liabilities | 5.7 Other liabilities (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Provisions for litigations (1) 387 405 525 Cable network access fees (URI) 25 38 59 Submarine cable consortium (2) 230 191 258 Security deposits received 111 128 134 Orange Money – units in circulation (2) 1,244 1,030 823 Other 804 852 775 Total 2,802 2,644 2,574 o/w other non-current liabilities 276 306 307 o/w other current liabilities 2,526 2,338 2,267 (1) See Note 5.2. (2) These liabilities are offset by the receivables of the same amount (see accounting policies in Note 4.5). (in millions of euros) 2022 2021 2020 Other liabilities - in the opening balance 2,644 2,574 2,448 Business related variations 129 54 176 Changes in the scope of consolidation 6 9 — Translation adjustment — 29 (35) Reclassifications and other items 23 (22) (15) Other liabilities - in the closing balance 2,802 2,644 2,574 |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2022 | |
Employee benefits | |
Employee benefits | Note 6 Employee benefits 6.1 Labor expenses (in millions of euros) Note 2022 2021 2020 Average number of employees (full-time equivalents) (1) 130,307 132,002 133,787 Wages and employee benefit expenses (8,754) (9,587) (8,331) o/w wages and salaries (6,328) (6,232) (6,224) o/w social security charges (2,132) (2,148) (2,118) o/w French part-time for seniors plans 6.2 (313) (1,209) 23 o/w capitalized costs (2) 818 849 866 o/w other labor expenses (3) (799) (847) (879) Employee profit sharing (149) (145) (142) Share-based compensation (4) 6.3 (16) (185) (18) o/w free share award plans (16) (13) (18) o/w employee shareholding plan Together 2021 — (172) — Total in operating income (8,920) (9,917) (8,490) Net interest on the net defined liability in finance costs (13) (10) (12) Actuarial (gains)/losses in other comprehensive income 176 59 (13) (1) Of whom 28% were Orange SA's civil servants at December 31, 2022 (compared with 31% at December 31, 2021 and 34% at December 31, 2020). (2) Capitalized costs correspond to labor expenses included in the cost of assets produced by the Group (see Notes 8.4 and 8.5). (3) 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). (4) Includes social security contributions of (1) million euros in 2022, (13) million euros in 2021 and 5 million euros in 2020, whose corresponding entry in the balance sheet is not presented in equity. 6.2 Employee benefits (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Post-employment benefits (1) 739 881 930 Other long-term benefits 2,358 2,318 1,407 o/w French part-time for seniors plans 1,753 1,720 802 Provisions for employment termination benefits 1 2 1 Other employee-related payables and payroll taxes due 1,857 1,862 1,779 Provisions for social risks and litigation 29 50 58 Total 4,985 5,113 4,176 o/w non-current employee benefits 2,567 2,798 1,984 o/w current employee benefits 2,418 2,316 2,192 (1) Does not include defined contribution plans. The accrued post-employment and other long-term benefits are presented below. These are estimated based on Group headcounts at December 31, 2022, including vested and unvested rights at December 31, 2022, but which the Group estimates will be vested by approximately 2050: (in millions of euros) Schedule of benefits to be paid, undiscounted 2023 2024 2025 2026 2027 2028 and beyond Post-employment benefits 73 56 49 63 79 2,586 Other long-term benefits (1) 508 571 482 392 226 45 o/w French part-time for seniors plans 434 487 427 337 197 24 Total 581 627 532 455 305 2,631 (1) Provisions for Time Savings Account (Compte Épargne Temps (CET)) and long-term sick leave and long-term leave not included. 6.2.1 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 Temps Partiel Senior (TPS) French part-time for seniors plans As part of the renegotiations of the intergenerational agreement, a French part-time for seniors (TPS) plan was signed on December 17, 2021, resulting in the recognition of an employee benefit liability of 1,225 million euros at December 31, 2021. The French part-time for seniors plans are accessible to civil servants and employees under private contract with French entities who are eligible for full retirement benefits from January 1, 2028 and who have at least 15 years of service at the Group. 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 5 years. The beneficiaries may decide to invest part of their base compensation (5%, 10% or 15%) in a Time Savings Account ( Compte Épargne Temps (CET) CET At December 31, 2022, 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 at approximately 10,400 employees. 6.2.2 Key assumptions used to calculate 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. Unlike previous years, sensitivity to the sign-up rate for the French part-time for seniors plans is not presented as the deadline for requesting to sign up for the French part-time for seniors plan signed at the end of 2021 was set at December 31, 2022. The discount rates used for the French entities (which accounts for 91% of Orange’s pension and other long-term employee benefit obligations at December 31, 2022) are as follows: December 31, December 31, December 31, 2022 2021 2020 More than 10 years 3.75% to 3.85 % 0.80% to 1.05 % 0.55% to 0.90 % Less than 10 years 3.20% to 3.75 % (1) -0.15% to 0.40 % -0.35% to 0.70 % (1) Rates of 3.40% and 3.55% , respectively, were used to value commitments relating to the 2018 and 2021 French part-time for seniors plans (compared with -0.15% at December 31, 2021 and -0.25% at December 31, 2020). 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 (3.05% 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 employees of retirement age), salary revaluation and long-term inflation of 2%. The impacts on pension benefit obligations of a change in the key assumption would be as follows: (in millions of euros) Rate increase by 100 points Rate decrease by 100 points Discount rates (1) (128) 145 (1) Including (31) million euros and 32 million euros for the French part-time for seniors plans (TPS) (short-term duration). 6.2.3 Commitments and plan assets (in millions of euros) Post-employment benefits Long-term benefits 2022 2021 2020 Annuity- Capital- Other French part- Other based based time for plans plans seniors plans (TPS) Total benefit obligations in the opening balance 550 856 16 1,720 598 3,740 2,812 3,229 Service cost — 67 (6) 10 61 131 1,379 (3) 150 Net interest on the defined benefit liability 6 14 0 (2) 0 19 15 17 Actuarial losses/(gains) arising from changes of assumptions (144) (230) (6) (110) (1) (490) (5) 102 o/w arising from change in discount rate (132) (234) (4) (124) (1) (495) (1) (76) 63 Actuarial losses/(gains) arising from experience 20 31 (2) 410 (1) 459 (2) (47) (121) (4) Benefits paid (20) (30) (1) (276) (49) (374) (439) (555) Translation adjustment and other (13) 2 (0) (0) (3) (14) 25 (11) Total benefit obligations in the closing balance (a) 401 710 2 1,753 605 3,471 3,740 2,811 o/w benefit obligations in respect of employee benefit plans that are wholly or partly funded 401 18 — — — 419 571 549 o/w benefit obligations in respect of employee benefit plans that are wholly unfunded — 691 2 1,753 605 3,052 3,169 2,262 Weighted average duration of the plans (in years) 8 11 14 2 3 4 6 8 (1) Including (352) million euros in France and (130) million euros in the United Kingdom related to the increase in discount rates in 2022. (2) Actuarial gains related to experience effects mainly take into account an increase in the number of sign-ups for the French part-time for seniors plans, and particularly the plan signed in 2021. (3) Including 1,225 million euros related to the French part-time for seniors plan signed in December 2021. (4) Actuarial gains related to experience effects take into account a slowdown in the number of sign-ups for the French part-time for seniors plans. (in millions of euros) Post-employment benefits Long-term benefits 2022 2021 2020 Annuity- Capital- Other French part- Other based based time for plans plans seniors plans (TPS) Fair value of plan assets in the opening balance 540 1 — — — 541 474 458 Net interest on the defined benefit liability 7 — — — — 7 4 6 (Gains)/Losses arising from experience (154) (0) — — — (154) 40 25 Employer contributions 11 — — — — 11 20 18 Benefits paid by the fund (18) — — — — (18) (20) (18) Translation adjustment and other (13) — — — — (13) 23 (16) Fair value of plan assets in the closing balance (b) 373 1 — — — 373 541 474 Funded annuity-based plans represent 12 % of Group social commitments. The funded annuity-based plans are primarily located in the United Kingdom (54%) and France (45%) 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 any asset capping adjustment for the periods presented. (in millions of euros) Post-employment benefits Long-term benefits 2022 2021 2020 Annuity- Capital- Other French part- Other based based time for plans plans seniors plans (TPS) Employee benefits in the opening balance 10 855 16 1,720 598 3,199 2,337 2,771 Net expense for the period — 81 (6) 308 59 443 1,356 105 Employer contributions (11) — — — — (11) (20) (18) Benefits directly paid by the employer (1) (30) (1) (276) (49) (355) (419) (538) Actuarial (gains)/losses generated during the year through other comprehensive income 31 (199) (8) — — (176) (59) 13 Translation adjustment and other — 2 — — (3) (2) 3 4 Employee benefits in the closing balance - Net position (a) - (b) 28 709 2 1,753 605 3,097 3,199 2,337 o/w non-current 26 658 2 1,319 600 2,605 2,799 1,955 o/w current 2 52 — 434 5 492 400 382 The following table details the net expense: Post-employment benefits Long-term benefits 2022 2021 2020 Annuity- Capital- Other French part- Other based based time for plans plans seniors plans (in millions of euros) (TPS) Service cost — (67) 6 (10) (61) (131) (1,379) (1) (151) Net interest on the net defined benefit liability — (14) — 2 — (12) (10) (11) Actuarial gains/(losses) — — — (301) 2 (299) 33 57 Total — (81) 6 (308) (59) (443) (1,356) (105) o/w expenses in operating income — (67) 6 (311) (59) (430) (1,346) (94) o/w net interest on the net defined liability in finance cost — (14) — 2 — (12) (10) (11) (1) Including ( 1,225 ) million euros related to the French part-time for seniors plan signed on December 17, 2021. Accounting policies Post-employment benefits – – – – – – Other long-term employee benefits Termination benefits 6.3 Share-based compensation Free share award plans in force at December 31, 2022 The Board of Directors approved the implementation of free share award plans (Long-Term Incentive Plans – LTIP) reserved for the Executive Committee, Corporate Officers and senior executives designated as “Executives” or “Leaders.” Main characteristics LTIP 2022 - 2024 LTIP 2021 - 2023 LTIP 2020 - 2022 Implementation date by the Board of Directors July 27, 2022 July 28, 2021 July 29, 2020 Maximum number of free share units (1) 1.8 million 1.8 million 1.7 million Estimated number of beneficiaries 1,300 1,300 1,300 Acquisition date of the rights by the beneficiaries December 31, 2024 December 31, 2023 December 31, 2022 Delivery date of the shares to the beneficiaries March 31, 2025 March 31, 2024 March 31, 2023 (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 market price of Orange stock at the delivery date of the shares. Continued employment condition The allocation of rights to beneficiaries is subject to a continued employment condition: LTIP 2021 - 2023 LTIP 2021 - 2023 LTIP 2020 - 2022 Assessment of the employment continuation From July 27, 2022 From July 28, 2021 From July 29, 2020 to December 31, 2024 to December 31, 2023 to December 31, 2022 Performance conditions Depending on the plans, the allocation of rights to beneficiaries is subject to the achievement of internal and external performance conditions, i.e.: – – – Rights subject to the achievement of performance conditions (as a % of the total entitlement): LTIP 2022 - 2024 LTIP 2021 - 2023 LTIP 2020 - 2022 Organic cash-flow from telecom activities 50 % 50 % 40 % Total Shareholder Return (TSR) 30 % 30 % 40 % Corporate Social Responsability (CSR) 20 % 20 % 20 % All performance conditions are estimated to be met at the end of the three years of the plan, with the exception of the condition relating to the TSR of the 2020–2022 plan. Valuation assumptions LTIP 2022 - 2024 LTIP 2021 - 2023 LTIP 2020 - 2022 Measurement date July 27, 2022 July 28, 2021 July 29, 2020 Vesting date December 31, 2024 December 31, 2023 December 31, 2022 Price of underlying instrument at measurement date 10.16 euros 9.63 euros 10.47 euros Price of underlying instrument at closing date 9.28 euros 9.28 euros 9.28 euros Expected dividends (% of the share price) 6.9 % 7.3 % 6.7 % Risk free yield -0.59 % -0.68 % -0.61 % Fair value per share of benefit granted to employees 7.53 euros 6.33 euros 6.06 euros o/w fair value of internal performance condition 8.30 euros 7.74 euros 8.58 euros o/w fair value of external performance condition 5.74 euros 3.04 euros 2.27 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, 2022. The 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, the fair value was determined based on the market price of Orange shares. Accounting effect In 2022, an expense of (11) million euros (including social security contributions) was recognized with corresponding entries in equity (10 million euros) and employee benefits (1 million euros). In 2021, an expense of (11) million euros (including social security contributions) was recognized with corresponding entries in equity (10 million euros) and employee benefits (1 million euros). In 2020, an expense of (15) million euros (including social security contributions) was recognized with corresponding entries in equity (13 million euros) and employee benefits (2 million euros). Closure of the free share award plan LTIP 2019–2021 In 2019, the Board of Directors approved the implementation of 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, 2022. Main characteristics LTIP 2019 - 2021 Implementation date by the Board of Directors July 24, 2019 Maximum number of free share units (1) 1.7 million Estimated number of beneficiaries at the beginning 1,200 Number of free share units delivered at delivery date (1) 0.7 million Number of beneficiaries 1,094 Acquisition date of the rights by the beneficiaries December 31, 2021 Delivery date of the shares to the beneficiaries March 31, 2022 (1) In countries where the regulatory conditions, tax codes or labor laws do not permit awards of stock, the beneficiaries of the plan received a cash amount value based on the market price of Orange stock at the delivery date of the shares, on March 31, 2022. Continued employment condition The allocation of rights to beneficiaries was subject to a continued employment condition: LTIP 2019 - 2021 From July 24, 2019 Assessment of the employment continuation to December 31, 2021 Performance conditions Depending on the plans, the allocation of rights to beneficiaries was subject to the achievement of internal and external performance conditions, i.e.: – – Rights subject to the achievement of performance conditions (as a % of the total entitlement): LTIP 2019 - 2021 Organic cash-flow from telecom activities 50 % Total Shareholder Return (TSR) 50 % Performance was assessed for the years 2019, 2020 and 2021 in relation to the budget for each of these three years, as approved in advance by the Board of Directors. The condition relating to organic cash flow from telecom activities was met for 2019, 2020 and 2021. In addition, the condition relating to TSR was not met for the period 2019–2021. Valuation assumptions LTIP 2019 - 2021 Measurement date July 24, 2019 Vesting date December 31, 2021 Price of underlying instrument at measurement date 13.16 euros Price of underlying instrument at vesting date 9.41 euros Price of underlying instrument at delivery date 10.70 euros Expected dividends (% of the share price) 5.3 % Risk free yield -0.7 % Fair value per share of benefit granted to employees 7.80 euros o/w fair value of internal performance condition 11.10 euros o/w fair value of external performance condition 4.50 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 award date and the expected dividends discounted to December 31, 2021. 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 the portion of the plans remitted in the form of cash, the fair value was determined on the basis of the Orange share price. Accounting effect The cost of the plan including social security contributions is presented below: (in millions of euros) 2022 2021 2020 2019 LTIP 2019 - 2021 (1) 1 (6) (6) (3) (1) 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 2022. Together 2021 Employee Shareholding Plan On April 21, 2021, the Board of Directors approved the implementation of the Together 2021 Employee Shareholding Plan, designed to strengthen the Group’s employee shareholding. The offer covered a maximum of 260 million euros of subscriptions including matching contributions, expressed as the reference price before discount, and was carried out by buying back existing shares of Orange SA. The number of shares subscribed at the price of 6.64 euros (taking into account a discount of 30% on the reference market price) amounted to 12 million shares, to which were added 14 million shares allocated free of charge in the form of a matching contribution, i.e. a total of 26 million shares. The average fair value of the benefit granted to employees and former employees of the Group was at 6.47 euros per share allocated (including free shares), i.e. an expense of (172) million euros (including social security contributions) recognized though equity for 169 million euros and through employee benefits for 3 million euros at December 31, 2021. 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 corresponding entries for: – – 6.4 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, 2022 2021 2020 (4) Short-term benefits excluding employer social security contributions (1) (12) (14) (16) Short-term benefits: employer’s social security contributions (4) (5) (5) Post-employment benefits (2) — — — Share-based compensation (3) (1) (2) (2) (1) Includes all compensation: gross salaries, the variable component, bonuses and benefits (excluding termination benefits), benefits in kind, incentives and profit-sharing, attendance compensation and the share-based Long Term Incentive Plan (LTIP) which matured at December 31, 2021 and was paid out in 2022. (2) Service cost. (3) Includes employee shareholding plans and share-based Long-Term Incentive Plans (LTIP) in force. (4) In 2020, (2) million euros relating to termination benefits had been paid. These termination benefits are not presented in the compensation table above. The total amount of retirement benefits (contractual retirement bonuses and supplementary defined-benefit pension plan) provided in respect of persons who were members of the Board of Directors or Executive Committee at the end of the fiscal year was 2 million euros in 2022 (compared with 4 million euros in 2021 and 4 million euros in 2020). The Chief Executive Officer, appointed on April 4, 2022, does not have an employment contract. In the event of dismissal or non-renewal of the corporate office not motivated by serious misconduct or gross negligence, Orange will pay the Chief Executive Officer gross severance pay equal to 12 months of fixed compensation and annual variable compensation paid, with the latter being calculated based on the average annual variable compensation paid for the last 24 months prior to departure from the Company. This severance pay will only be due if the performance conditions for annual variable compensation for the two years prior to departure from the Company were achieved at an average of at least 90%. In accordance with the Afep-Medef Code, the total amount of severance pay and non-compete compensation that would be paid to the Chief Executive Officer may not exceed 24 months of fixed compensation and annual variable compensation. The employment contract of the Delegate Chief Executive Officer was suspended at the date of his appointment as a Corporate Officer. His employment contract may be reinstated at the end of his term of office, with recovery of rights. 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). Orange has not acquired any other goods or services from persons who are, 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 losses and goodwill
Impairment losses and goodwill | 12 Months Ended |
Dec. 31, 2022 | |
Impairment losses and goodwill | |
Impairment losses and goodwill | Note 7 Impairment losses and goodwill 7.1 Impairment losses (in millions of euros) 2022 2021 2020 Romania (789) — — Mobile Financial Services (28) — — Spain — (3,702) — Total of impairment of goodwill (817) (3,702) — Impairment tests on Cash-Generating Units (CGUs) may result in impairment losses on goodwill (see Note 7.2) and on fixed assets (see Note 8.3). At December 31, 2022 Romania In Romania, the goodwill impairment of (789) million euros mainly reflects: − − − Following the impairment of goodwill in Romania, the net carrying value of the assets of the CGU has been reduced to the value in use of current and long-term assets at 100% at December 31, 2022, i.e. 1.7 billion euros. Mobile Financial Services Impairment of (49) million euros was recorded on Mobile Financial Services (including (28) million euros on goodwill and (21) million euros on fixed assets) due to deterioration of the business plan. At December 31, 2022, the net carrying value of goodwill was reduced to zero and the value in use of the CGU amounted to 0.4 billion euros. At December 31, 2021 In Spain, the business plan has been significantly revised downward since December 31, 2020, in view of: − a deteriorating competitive environment despite market consolidation operations (affected by the erosion of average revenue per user); and − uncertainties surrounding the continuation of the health crisis (delay in the forecasts for economic recovery). The revision of the business plan in Spain has led to the recognition during the first semester of (3,702) million euros impairment of goodwill, bringing the net book value of tested assets down to the value in use of current and long-term assets, i.e. 7.7 billion euros. At December 31, 2020 At December 31, 2020, impairment tests did not result in the Group recognizing any impairment losses. 7.2 Goodwill (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Gross value Accumulated Net book value Net book value Net book value impairment losses France 13,189 (13) 13,176 14,364 14,364 Europe 12,962 (8,377) 4,586 6,079 9,512 Spain 6,550 (3,816) 2,734 3,170 6,872 Slovakia 806 — 806 806 806 Romania 1,806 (1,359) 447 1,504 1,236 Belgium 1,049 (713) 336 336 336 Poland 2,605 (2,470) 135 135 136 Moldova 78 — 78 80 76 Luxembourg 68 (19) 50 50 50 Africa & Middle-East 2,379 (958) 1,420 1,465 1,443 Burkina Faso 428 — 428 428 428 Côte d’Ivoire 417 (42) 375 375 375 Morocco 249 — 249 265 253 Jordan 293 (175) 118 111 103 Sierra Leone 73 — 73 114 118 Cameroon 134 (90) 44 44 44 Other 784 (651) 133 128 122 Enterprise 2,941 (651) 2,289 2,237 2,225 Totem(1) 1,624 — 1,624 N/A N/A International Carriers and Shared Services 18 — 18 18 18 Mobile Financial Services 28 (28) — 28 35 Goodwill 33,140 (10,028) 23,113 24,192 27,596 (1) (in millions of euros) December 31, December 31, December 31, Note 2022 2021 2020 Gross Value in the opening balance 33,626 33,273 33,579 Acquisitions (1) (206) 266 26 Disposals — (4) — Translation adjustment (280) 91 (331) Reclassifications and other items — — — Gross Value in the closing balance 33,140 33,626 33,273 Accumulated impairment losses in the opening balance (9,435) (5,678) (5,935) Impairment 7.1 (817) (3,702) — Disposals — — — Translation adjustment 225 (55) 257 Accumulated impairment losses in the closing balance (10,028) (9,435) (5,678) Net book value of goodwill 23,113 24,192 27,596 (1) In 2022, mainly includes the finalization of the purchase price allocation for Telekom Romania Communications, resulting in the revision of the amount of preliminary goodwill recognized in 2021 for (272) million euros. In 2021, mainly included preliminary goodwill of 272 million euros related to the acquisition of Telekom Romania Communications. 7.3 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 7.4) and result in impairment of goodwill and fixed assets. In 2022, the Group updated its strategic plan during the second half (for the period 2023-2025). Accordingly, new business plans were prepared for all CGUs. The discount rates and perpetual growth rates – – At December 31, 2022, the business plans and key operating assumptions were sensitive to the following: – – – – 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: December 31, 2022 France Spain Poland Enterprise Romania Belgium Mobile Côte Financial d'Ivoire/ Services Burkina Faso/ Liberia Basis of recoverable amount Value in use Fair value Source used Internal plan NA Methodology Discounted cash flow NA Cost of equity NA NA NA NA NA NA 12.3 % NA Perpetuity growth rate 0.8 % 1.5 % 2.0 % 0.5 % 2.5 % 0.8 % 2.0 % NA Post-tax discount rate 6.3 % 7.5 % 7.8 % 6.8 % 10.5 % 7.0 % NA NA Pre-tax discount rate 8.4 % 10.0 % 9.1 % 9.2 % 11.8 % 8.8 % NA NA December 31, 2021 France Spain Poland Enterprise Romania Belgium/ Luxembourg Basis of recoverable amount Value in use Fair value Source used Internal plan NA Methodology Discounted cash flow NA Perpetuity growth rate 0.8 % 1.5 % 1.5 % 0.3 % 2.5 % NA Post-tax discount rate 5.8 % (1) 6.8 % 7.3 % 8.3 % 7.0 % NA Pre-tax discount rate 7.6 % 8.4 % 8.5 % 11.1 % 7.9 % NA December 31, 2020 France Spain Poland Enterprise Romania Morocco Belgium/ Luxembourg Basis of recoverable amount Value in use Fair value Source used Internal plan NA Methodology Discounted cash flow NA Perpetuity growth rate 0.8 % 1.5 % 1.5 % 0.3 % 2.3 % 2.8 % NA Post-tax discount rate 5.5 % (1) 6.5 % 7.3 % 7.5 % 7.5 % 7.3 % NA Pre-tax discount rate 7.4 % 8.1 % 8.5 % 10.2 % 8.5 % 8.6 % NA (1) The after-tax discount rate for France included a corporate tax reduction of 25.83% since 2022. At December 31, 2021, the fair value of Belgium/Luxembourg had been defined on the basis of the conditional voluntary public tender offer for the shares of Orange Belgium, which closed on May 4, 2021 (see Note 3.2). The Group’s listed subsidiaries are Orange Polska (Warsaw Stock Exchange), Orange Belgium (Brussels Stock Exchange), Jordan Telecom (Amman Stock Exchange), Sonatel (Regional Stock Exchange (BRVM)), and, since December 30, 2022, Orange Côte d’Ivoire (BRVM). The aggregated share of these subsidiaries, which publish their own regulated information, is less than or equal to 20% of consolidated revenues, operating net 7.4 Sensitivity of recoverable amounts Because of the correlation between operating cash flows and investment capacity, a sensitivity of net cash flows is used. As cash flows at the terminal point represent a significant portion of the recoverable amount, a change of plus or minus 10% in these cash flows is presented as a sensitivity assumption. The cash flows are those generated by operating activities net of acquisitions and disposals of property, plant and equipment and intangible assets (including a tax expense at a standard rate, repayment of lease liabilities and debt related to financed assets, related interest expenses and excluding other interest expenses). An additional analysis was carried out on the most sensitive CGUs for which the amount of lease liabilities was material in order to confirm the absence of impairment losses or additional impairment losses. 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 flows, perpetual growth rates or discount rates exceeding the sensitivity levels presented have been observed in the past. Decrease in the discounted cash Increase in discount rate in Decrease in the perpetual flows of the terminal value in order for the recoverable growth rate in order for the order for the recoverable amount amount to be equal to the net recoverable amount to be to be equal to the net carrying carrying value (in basis points) equal to the net carrying value value (in %) (in basis points) December 31, 2022 France +139 bp (120) bp -26 % Spain +44 bp (47) bp -8 % Poland +249 bp (272) bp -32 % Enterprise +100 bp (115) bp -19 % Belgium +97 bp (97) bp -15 % Sierra Leone +50 bp (72) bp -6 % December 31, 2021 France +234 bp (217) bp -39 % Spain +19 bp (21) bp -4 % Poland +269 bp (221) bp -30 % Enterprise +1,125 bp (1,026) bp -83 % Romania +44 bp (45) bp -10 % December 31, 2020 France +141 bp (124) bp -28 % Spain +1 bp (1) bp — % 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 Romania In 2022, the value in use of the Romania CGU was revised based on the key valuation assumptions established by the local governance. The revision of the assumptions resulted in (789) million euros of goodwill impairment. A sensitivity analysis was carried out at December 31, 2022 on each of the following criteria, taken individually: – – – This sensitivity analysis identified an estimated risk of additional impairment of up to 30% of the impairment loss recognized at December 31, 2022. Mobile Financial Services In 2022, the value in use of the Mobile Financial Services CGU was revised based on the key valuation assumptions established by the local governance. The revision of the assumptions resulted in impairment of goodwill of (28) million euros and impairment of fixed assets of (21) million euros, representing all the assets that can be impaired under IAS 36. Sensitivity analyses are therefore not relevant. Côte d’Ivoire At December 31, 2022, the fair value of the Côte d’Ivoire, Burkina Faso and Liberia CGUs was defined on the basis of the public sale offer on shares of Orange Côte d’Ivoire, carried out by the state of Côte d’Ivoire over a subscription period from December 5 to December 19, 2022. This transaction was followed by the initial public offering (BRVM) of Orange Côte d’Ivoire on the financial market of the West African Economic and Monetary Union (WAEMU) on December 30, 2022. Sensitivity analyses, calculated on cash flows and financial parameters, are therefore not relevant for these three CGUs at December 31, 2022. Sierra Leone A sensitivity analysis was also carried out on Sierra Leone on each of the following criteria, taken individually: – – – This sensitivity analysis identified an estimated risk of impairment of up to 8% of the net value of goodwill. The other entities not listed above each account for less than 3% of the recoverable amount of the consolidated entities or do not present a recoverable amount close to the net value. 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 values in use are common across all of the Group’s business segments. Key assumptions for most CGUs include: – – – The 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 8.3. 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, 2022 | |
Fixed assets | |
Fixed assets | Note 8 Fixed assets 8.1 Gains (losses) on disposal of fixed assets (in millions of euros) 2022 2021 2020 Transfer price 347 163 444 Net book value of assets sold (187) (111) (223) Proceeds from the disposal of fixed assets (1) 159 52 221 (1) In 2022, gains (losses) on disposal of fixed assets related to the sale and leaseback transactions amount to 14 million euros and includes property asset disposals in Poland. In 2021, included property asset disposals in France for 10 million euros. In 2020, included property asset disposals in France and mobile site disposal in Spain for 143 million euros. 8.2 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 estsimated 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 8.3 Impairment of fixed assets (in millions of euros) 2022 2021 2020 Mobile Financial Services (1) (21) — — Enterprise (20) — — France (15) (1) (15) Poland (2) (11) (7) International Carriers & Shared Services — (2) (7) Other 1 (2) (1) Total of impairment of fixed assets (56) (17) (30) (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 7.3), 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, 2022 2021 2020 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 1.4 % 1.3 % 1.2 % Post-tax discount rate 8.2 % 7.7 % 6.9 % Pre-tax discount rate 10.5 % 9.8 % 8.3 % 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 inflows independent of those of the 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 discounted in perpetuity (and included in the business plan), less costs attributable to the brand’s owner. 8.4 Other intangible assets December 31, 2022 December 31, December 31, 2021 2020 Gross value Accumulated Accumulated Net book Net book Net book depreciation impairment value value value and (in millions of euros) amortization Telecommunications licenses 12,688 (5,773) (46) 6,869 6,691 6,322 Software 14,235 (9,887) (69) 4,280 4,331 4,288 Orange brand 3,133 — — 3,133 3,133 3,133 Other brands 1,085 (136) (889) 60 69 78 Customer bases 5,270 (5,009) (15) 246 346 469 Other intangible assets 2,276 (1,715) (203) 358 370 844 Total 38,686 (22,519) (1,221) 14,946 14,940 15,135 (in millions of euros) 2022 2021 2020 Net book value of other intangible assets - in the opening balance 14,940 15,135 14,737 Acquisitions of other intangible assets 2,678 2,842 2,935 o/w telecommunications licenses (1) 1,060 926 969 Impact of changes in the scope of consolidation (2) 35 (888) 31 Disposals (5) (4) (4) Depreciation and amortization (2,418) (2,363) (2,309) Impairment (33) (40) (24) Translation adjustment (245) 92 (176) Reclassifications and other items (3) (7) 165 (55) Net book value of other intangible assets - in the closing balance 14,946 14,940 15,135 (1) In 2022, mainly includes the acquisition of the 5G licenses in Romania for 319 million euros and in Belgium for 213 million euros, and for the 2600 MHz band license in Egypt for 311 million euros. In 2021, included the acquisition of the 5G license in Spain for 611 million euros and the renewals in France of the 2G licenses for 207 million euros and the 3G licenses for 57 million of euros. In 2020, included to the acquisition of the 5G license in France for 875 million euros and in Slovakia for 37 million euros. (2) In 2021, mainly included the effects of the loss of sole control over Orange Concessions. (3) In 2021, mainly included incentive bonus fees on penetration rates and business continuity payable by the Public Initiative Networks to the local authorities for 195 million euros. Internal costs capitalized as intangible assets Internal costs capitalized as intangible assets include to labor expenses and amount to 418 million euros in 2022, 399 million euros in 2021 and 405 million euros in 2020. Information on telecommunications licenses at December 31, 2022 Orange’s principal commitments under licenses awarded are disclosed in Note 16. (in millions of euros) Gross value Net book value Residual useful life (1) 5G (2 licenses) 876 754 12.8 and 14.4 LTE (5 licenses) 2,187 1,356 8.8 to 14.4 UMTS (3 licenses) 342 155 7.4 to 13.9 GSM (2 licenses) 208 171 8.3 and 13.9 France 3,613 2,436 5G (4 licenses) 1,041 956 8.0 and 18.7 LTE (3 licenses) 545 279 8.0 to 8.3 GSM (2 licenses) 285 98 9.0 Spain 1,871 1,333 LTE (6 licenses) 1,200 459 4.7 to 15 UMTS (1 license) 76 33 6.6 Poland 1,276 492 LTE (2 license) 543 429 9.0 and 11.0 UMTS (1 license) 103 27 9.0 GSM (2 licenses) 291 67 9.0 Egypt 937 523 LTE (1 license) 59 40 13.0 UMTS (1 license) 28 9 10.0 GSM (1 license) 725 135 10.0 Morocco 812 184 5G ( 1 license) 319 319 25.0 LTE (1 license) 184 77 6.3 UMTS (1 license) 100 47 8.0 GSM (1 license) 292 91 6.3 Romania 895 534 5G ( 1 license) 66 66 25.0 LTE (1 license) 94 48 17.4 UMTS (3 licenses) 151 66 12.2 à 20.3 GSM (1 license) 203 78 16.3 Jordan 514 258 5G ( 2 licenses) 236 230 17.3 to 19.7 LTE (2 licenses) 140 74 4.4 and 10.9 Belgium 376 304 5G (3 licenses) 54 51 2.7 to 20.3 LTE (3 licenses) 76 31 2.7 to 6 UMTS (1 license) 46 8 3.7 GSM (1 license) 66 9 3.0 Slovensko 242 99 Other 2,152 706 Total 12,688 6,869 (1) In number of years, at December 31, 2022. 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 recognized in other intangible assets and correspond to the right to charge users of the public service (see Note 4.1). 8.5 Property, plant and equipment December 31, 2022 December 31, December 31, 2021 2020 (in millions of euros) Gross value Accumulated Accumulated Net book Net book Net book depreciation impairment value value value and amortization Networks and devices 99,243 (70,757) (398) 28,088 27,155 25,825 Land and buildings 8,156 (5,624) (233) 2,299 2,117 2,018 IT equipment 3,943 (3,149) (1) 793 784 801 Other property, plant and equipment 1,731 (1,265) (6) 460 428 431 Total property, plant and equipment 113,073 (80,795) (639) 31,640 30,484 29,075 Networks and devices are broken down as follows: (in millions of euros) 2022 2021 2020 Net book value of property, plant and equipment - in the opening balance 30,484 29,075 28,423 Acquisitions of property, plant and equipment 6,329 5,947 5,848 o/w financed assets 229 40 241 Impact of changes in the scope of consolidation (1) 262 130 0 Disposals and retirements (181) (102) (154) Depreciation and amortization (2) (4,725) (4,796) (4,880) o/w fixed assets (4,618) (4,712) (4,825) o/w financed assets (107) (84) (55) Impairment (23) (5) (6) Translation adjustment (291) 129 (319) Reclassifications and other items (3) (216) 105 164 Net book value of property, plant and equipment - in the closing balance 31,640 30,484 29,075 (1) In 2022, includes 261 million euros for the purchase price allocation of Telekom Romania Communications (see Note 3.2) Mainly related, in 2021, to the effects of the acquisition of Telekom Romania Communications and the loss of sole control over the FiberCo in Poland (see Note 3.2). (2) In 2022, includes the effect of the extension of the amortization period of the copper network in France, resulting in a decrease in depreciation and amortization of 135 million euros. (3) In 2022, mainly includes the effect of the increase in discount rates on dismantling assets (see Note 8.7). Financed assets Financed assets include at December 31, 2022 the set-up boxes in France financed by an intermediary bank: they meet the standard criterion of a tangible asset according to IAS 16. The associated payables to these financed assets are presented in financial liabilities and are included in the definition of the net financial debt (see Note 13.3) Internal costs capitalized as property, plant and equipment Internal costs capitalized as property, plant and equipment mainly include labor expenses and amount to 400 million euros in 2022, 450 million euros in 2021 and 462 million euros in 2020. Accounting policies Property, plant and equipment is made up of tangible fixed assets and financed assets. It mainly comprises network facilities and equipment. The gross value of property, plant and equipment is made up of its 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 and removing the fixed asset and restoring the site where it was located under the obligation incurred by the Group. The roll-out of assets by stage, particularly 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 fiber optic 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 or a posteriori) or through a line access. The sharing of rights and obligations between the various operators co-financing the last mile of networks is classified as a joint operation in accordance with IFRS 11 “Partnerships”: Orange only recognizes in its assets the portions (built or acquired) in networks that it has co-financed or built. The Group has entered into network sharing arrangements with other mobile operators on a reciprocal basis, which may cover passive infrastructure sharing, active network and even spectrum equipment. 8.6 Fixed assets payables (in millions of euros) 2022 2021 2020 Fixed assets payable - in the opening balance 4,481 4,640 3,665 Business related variations 124 (206) 1,002 o/w telecommunication licences payable (1) 51 143 618 Changes in the scope of consolidation (2) — (199) — Translation adjustment (54) 31 (50) Reclassifications and other items (3) 30 216 23 Fixed assets payable - in the closing balance 4,581 4,481 4,640 o/w long-term fixed assets payable 1,480 1,370 1,291 o/w short-term fixed assets payable 3,101 3,111 3,349 (1) In 2022, includes 241 million euros relating to the acquisition of the 5G license in Romania, and (153) million euros paid out for 5G licenses in France. In 2021, included 192 million euros relating to the acquisition of 5G in Spain and (150) million euros paid out for the 5G license in France. Included, in 2020, 725 million euros for the acquisition of the 5G license in France. (2) Included ( 241 ) million euros in 2021 resulting from the loss of exclusive control of Orange Concessions (see Note 3.2). (3) In 2021, mainly included incentive bonus fees on penetration rates and business continuity payable by the Public Initiative Networks to the local authorities for 195 million euros. Accounting policies These payables are generated from trading activities. The payment terms may be over several years in the case of infrastructure roll-out and license acquisition. Payables due in more than 12 months are presented in non-current items. Trade payables without specified interest rates are measured at par value if the interest component is negligible. Interest-bearing trade payables are recognized at amortized cost. Trade payables also include payables that the supplier may have disposed of, with or without notifying financial institutions, in a direct or reverse factoring arrangement (see Note 5.6). Firm commitments to purchase fixed assets are presented as unrecognized contractual commitments (see Note 16), net of any down payments which are recorded as down payments on fixed assets. 8.7 Dismantling provisions Asset dismantling obligations mainly relate to the restoration of mobile telephony antenna sites, the treatment of telephone poles, management of waste electrical and electronic equipment and the dismantling of telephone booths. (in millions of euros) 2022 2021 2020 Dismantling provisions - in the opening balance 897 901 827 Provision reversal with impact on income statement — — — Discounting with impact on income statement 36 11 2 Utilizations without impact on income statement (20) (18) (12) Changes in provision with impact on assets (1) (221) 3 79 Changes in the scope of consolidation — — — Translation adjustment (5) — (10) Reclassifications and other items 10 — 16 Dismantling provisions - in the closing balance 696 897 901 o/w non-current provisions 670 876 885 o/w current provisions 26 21 16 (1) Accounting policies The Group has an obligation to dismantle installed technical equipment and restore the technical sites it occupies. When the obligation arises, a dismantling asset is recognized against a dismantling provision. The provision is based on dismantling costs (on a per-unit basis for telephone poles, devices 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 that will allow the obligation to be settled. This estimate is reviewed annually and the provision is adjusted where necessary against the dismantling asset recognized and the underlying assets, if any. The provision is discounted at a rate set by geographical area corresponding to the average risk-free rate of a 15-year government bond. When the obligation is settled, the provision is reversed against the net carrying value of the dismantling asset and the net carrying value of the underlying assets if the dismantling asset is less than the financial provision reversal. |
Lease agreements
Lease agreements | 12 Months Ended |
Dec. 31, 2022 | |
Lease agreements | |
Lease agreements | Note 9 Lease agreements In the course of its activities, the Group regularly enters into leases as a lessee. These leases are divided between the following asset categories: − − − − Accounting policies The mandatory IFRS 16 “Leases,” has been applied within the Group since January 1, 2019. IFRS 16 defines a lease as a contract that conveys to the lessee the right to control the use of an identified asset. 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 obligations (see Notes 9.1 and 9.2). In the income statement, amortization of right-of-use assets (see Note 9.1) is presented separately from interest on lease liabilities. In the statement of cash flows, cash outflows relating to interest expenses impact cash flows provided by operating activities, while principal repayments on lease liabilities impact cash flows related to financing activities. For the lessor, assets subject to leases must be presented in the balance sheet according to the nature of the asset and the associated lease revenues as income on a straight-line basis over the lease term. When the Group carries out a transaction categorized 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 to offset a lease liability. Gains (losses) on disposal of fixed assets are recognized in the income statement in proportion to the rights actually transferred to the buyer-lessor. The adjustment of the gains (losses) on disposal recognized in the income statement for the share on which the Group retains its user rights via the lease corresponds 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, i.e. leases with a term of 12 months or less that are not automatically renewable and those where the replacement value of the underlying asset is less than approximately 5,000 euros. Leases covered by either of these two exemptions are presented in off-balance sheet commitments and an expense is recognized in “external purchases” in the 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 4 major categories of leases: − three − − − 9.1 Right-of-use assets (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Gross value Accumulated Accumulated Net book Net book value Net book value depreciation impairment value and amortization Land and buildings 8,134 (3,090) (377) 4,667 4,930 4,865 Networks and devices (1) 4,241 (1,192) — 3,049 2,516 1,931 IT equipment 189 (130) (0) 59 55 30 Other 354 (193) (0) 161 201 184 Total right-of-use assets 12,918 (4,605) (377) 7,936 7,702 7,009 (1) The increase in right-of-use assets includes the effect of the development of a secondary market for co-financed and leased lines. (in millions of euros) 2022 2021 2020 Net book value of right-of-use assets - in the opening balance 7,702 7,009 6,700 Increase (new right-of-use assets) (1) 1,930 2,172 1,529 Impact of changes in the scope of consolidation — 34 1 Depreciation and amortization (1,507) (1,481) (1,384) Impairment (2) (54) (91) (57) Impact of changes in the assessments (49) 74 331 Translation adjustment (35) 46 (104) Reclassifications and other items (52) (62) (7) Net book value of right-of-use assets - in the closing balance 7,936 7,702 7,009 (1) In 2021, included the right-of-use assets related to the new headquarters of the Orange group (Bridge) in France for 294 million euros. (2) Impairment losses on right-of-use assets mainly concern real estate leases classified as onerous contracts. Depreciation and amortization of right-of-use assets In 2022, the rental expense recognized in external purchases in the income statement amounts to (134) million euros, compared with (147) million euros in 2021 and (151) million euros in 2020 (see Note 5.1). It includes lease payments on contracts of 12 months or less which are not automatically renewable, contracts where the new value of the underlying asset is less than 5,000 euros, and variable lease payments which were not taken into account in the measurement of the lease liability. Accounting policies A right-of-use asset is recognized in assets, with a corresponding lease liability (see Note 9.2). 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. This right-of-use asset is depreciated in the income statement on a straight-line basis over the lease term chosen by the Group, in accordance with the lease terms defined in IFRS 16. 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. 9.2 Lease liabilities (in millions of euros) 2022 2021 2020 Lease liabilities - in the opening balance 8,065 7,371 6,932 Increase with counterpart in right-of-use 1,915 2,158 1,582 Impact of changes in the scope of consolidation 1 34 1 Decrease in lease liabilities following rental payments (1,514) (1,624) (1,400) Impact of changes in the assessments (43) 74 326 Translation adjustment (29) 47 (96) Reclassifications and other items 16 4 26 Lease liabilities - in the closing balance 8,410 8,065 7,371 o/w non-current lease liabilities 6,901 6,696 5,875 o/w current lease liabilities 1,509 1,369 1,496 The following table details the undiscounted future cash flows of lease liabilities as known at December 31, 2022: (in millions of euros) Total 2023 2024 2025 2026 2027 2028 and beyond Undiscounted lease liabilities 9,580 1,646 1,381 1,204 1,028 944 3,377 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 termination is reasonably certain). The Group only takes the lease component of the contract 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 terminated, plus periods covered by any extension options that the lessee is reasonably certain to exercise and 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. The term is also defined taking into account any laws and practices specific to each jurisdiction or business sector regarding firm lease commitment terms granted by lessors. The Group nonetheless assesses the enforceable term, based on the circumstances of each lease, taking into account certain indicators such as the existence of significant 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 term of the lease. When a lease includes a purchase option, the Group considers the enforceable term 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 on government bonds in the lessee country, taking into account the term and currency of the lease, plus the Group’s credit spread. After the lease commencement date, the amount of the lease liability may be reassessed to reflect changes introduced by the following main cases: − − − − |
Taxes
Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Taxes | |
Income taxes | Note 10 Taxes 10.1 Operating taxes and levies Although comprising a directly identifiable counterpart, the periodic spectrum fees are presented within the operating taxes and levies payables as they are set by and paid to States and local authorities. 10.1.1 Operating taxes and levies recognized in the income statement (in millions of euros) 2022 2021 2020 Territorial Economic Contribution, IFER (1) (642) (652) (795) Spectrum fees (373) (360) (341) Levies on telecommunication services (333) (329) (319) Other operating taxes and levies (534) (586) (469) Total (1,882) (1,926) (1,924) (1) In 2021, included a reduction in the territorial economic contribution (cotisation économique territoriale – CET) of 139 million euros. This decrease is explained by the reduction in the applicable rate of the business value added tax (cotisation sur la valeur ajoutée – CVAE), which is the main component of the CET. The 2021 French Finance Act enacted the reduction of the applicable rate of the CVAE The breakdown of operating taxes and levies per geographical area is as follows: 10.1.2 Operating taxes and levies in the statement of financial position (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Value added tax (VAT) 1,114 1,025 966 Other operating taxes and levies 151 138 138 Operating taxes and levies - receivables 1,265 1,163 1,104 Value added tax (VAT) (687) (682) (652) Territorial Economic Contribution, IFER and similar taxes (96) (89) (87) Spectrum fees (19) (18) (21) Levies on telecommunication services (107) (143) (128) Other operating taxes and levies (496) (504) (391) Operating taxes and levies - payables (1,405) (1,436) (1,279) Operating taxes and levies - net (140) (273) (175) Changes in operating taxes and levies (in millions of euros) 2022 2021 2020 Net tax liabilities and operating taxes and levies - in the opening balance (273) (175) (197) Operating taxes and levies recognized in profit or loss (1,882) (1,926) (1,924) Operating taxes and levies paid (1) 1,906 1,914 1,929 Changes in the scope of consolidation — (67) — Translation adjustment 42 (19) 20 Reclassifications and other items 68 (1) (3) Net tax liabilities and operating taxes and levies - in the closing balance (140) (273) (175) (1) In 2021, included the reclassification in the consolidated statement of cash flows of Accounting policies Value Added Tax (VAT) receivables and payables correspond to the VAT collected or deductible from various states. Collections and remittances 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 its tax assets and liabilities (including provisions) based on the technical merits of the positions it defends versus the tax authorities. 10.2 Income taxes 10.2.1 Income taxes (in millions of euros) 2022 2021 2020 Orange SA tax group (541) 3 1,556 • Current tax (417) (129) 1,801 o/w tax income related to the 2005-2006 tax dispute — — 2,246 o/w current tax excluding the tax income related to the 2005-2006 tax dispute (417) (129) (444) • Deferred tax (124) 133 (246) Spanish tax group 50 (115) (146) • Current tax — — (40) • Deferred tax 50 (115) (106) Africa & Middle-East (528) (431) (341) • Current tax (536) (420) (343) • Deferred tax 8 (11) 2 United Kingdom (74) (264) (137) • Current tax (75) (76) (75) • Deferred tax 1 (188) (63) Other subsidiaries (1) (172) (156) (83) • Current tax (140) (125) (99) • Deferred tax (32) (31) 16 Total Income taxes (1,265) (962) 848 Current tax (1,168) (750) 1,245 o/w tax income related to the 2005-2006 tax dispute — — 2,246 o/w current tax excluding the tax income related to the 2005-2006 tax dispute (1,168) (750) (1,001) Deferred tax (97) (212) (396) (1) In 2021, included a tax expense of ( 74 ) million euros in Poland related notably to the gain arising from the loss of sole control over the FiberCo (see Note 3.2). The breakdown of current tax by geographical area or by tax group (excluding tax income related to the 2005–2006 tax dispute) is as follows: (in millions of euros) Orange SA tax group Current tax expense The current tax expense reflects the requirement to pay income tax calculated on the basis of taxable income. Over the last three years, the income tax rate applicable in France has gradually decreased, from 32.02% in 2020 to 28.41% in 2021, and then to 25.83% in 2022. The reduction in the corporate tax rate in France resulted in a reduction in the current tax expense of 35 million euros in 2022, 61 million euros in 2021 and 36 million euros in 2020. In 2021, the current tax expense included tax income recorded resulting from the reassessment of an income tax charge booked in periods prior to those presented in the amount of 376 million euros. 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, i.e. 25.83%. In 2021, the deferred tax expense included deferred tax income of 316 million euros related to the recognition of an employee benefit liability for the French part-time for seniors plans (Temps Partiel Seniors – TPS). Spanish tax group Current tax expense The corporate tax rate applicable is 25% for all fiscal years presented. 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% limit on the use of available tax loss carryforwards. In 2022, as in 2021, the Spanish tax group was in deficit, which explains the absence of current tax expense recognized for the fiscal year. Deferred tax expense In 2022, a deferred tax income of 53 million euros was recognized to reflect the effect of the change in business projections in the recoverability of deferred tax assets. To reflect the negative impact of the unfavorable developments in business plans on the recoverable amount of deferred tax assets, a deferred tax expense was recognized for (162) million euros in 2021 and (102) million euros in 2020. Africa & Middle-East The main contributors to the income tax expense are Guinea, Côte d’Ivoire, Mali and Senegal: − in Guinea, the corporate tax rate is 35% and the current tax expense amounts to ( 94 ) million euros in 2022, ( 63 ) million euros in 2021 and ( 47 ) million euros in 2020; – in Côte d’Ivoire, the corporate tax rate is 30% and the current tax expense amounts to ( 86 ) million euros in 2022, ( 91 ) million euros in 2021 and ( 77 ) million euros in 2020; – – in Senegal, the corporate tax rate is 30% and the current tax expense amounts to ( 55 ) million euros in 2022, ( 53 ) million euros in 2021 and ( 54 ) million euros in 2020. United Kingdom Current tax expense The current income tax expense primarily reflects the taxation of activities related to Orange’s brand activities at a tax rate of 19% . Deferred tax expense In 2021, a corporate tax rate increase was passed which will rise to 25% from 2023 (it currently stands at 19% ). The 2021 deferred tax expense therefore included an increase of ( 188 ) million euros in deferred tax liabilities recognized on the Orange brand. In 2020, the deferred tax expense included 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 rate 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 were recorded as of December 31, 2020 at a 19% tax rate. Group tax proof (in millions of euros) Note 2022 2021 2020 Profit before tax 3,882 1,740 4,207 Statutory tax rate in France 25.83 % 28.41 % 32.02 % Theoretical income tax (1,003) (494) (1,347) Reconciling items : Tax income related to the 2005-2006 tax dispute (1) — — 2,246 Impairment of goodwill (2) 7.1 (211) (1,052) — Impact related to the loss of sole control over Orange Concessions — 557 — Share of profits (losses) of associates and joint ventures — 1 (1) Adjustment of prior-year taxes (13) (23) 1 Recognition / (derecognition) of deferred tax assets 83 (149) (98) Difference in tax rates (3) 10 85 157 Change in applicable tax rates (4) — (235) (92) Other reconciling items (5) (130) 348 (18) Effective income tax (1,265) (962) 848 Effective tax rate (ETR) 32.59 % 55.31 % (20.17) % (1) 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'État on the tax dispute relating to fiscal years 2005–2006. Excluding this effect, the Group ETR was 33.2% in 2020. (2) Reconciliation effect calculated based on the tax rate applicable to the parent company of the Group. The difference in tax rates between the parent company and the subsidiary locally is presented below in “Difference in tax rates.” In 2022, impairment losses recorded on goodwill generates a reconciliation effect at the Group tax rate of ( 211 ) million euros. Excluding this effect, the Group ETR is 26.9% in 2022. In 2021, the impairment loss of ( 3,702 ) million euros recorded on goodwill in Spain generated a reconciliation effect at the Group tax rate of ( 1,052 ) million euros. Excluding this effect, the Group ETR was 17.7% in 2021. (3) The Group is present in jurisdictions in which tax rates are different from the French tax rate, mainly the United Kingdom (tax rate of 19% ), Romania (tax rate of 16% ), Poland (tax rate of 19% ) and Guinea (tax rate of 35% ). (4) Takes into account the remeasurement of deferred tax following tax legislation introducing changes in tax rates, as well as the impact of recognizing deferred tax in the period at tax rates different from the rate applicable in the current fiscal year. (5) In 2021, included a tax income recorded resulting from the reassessment of an income tax charge booked in periods prior to those presented. 10.2.2 Income tax on other comprehensive income (in millions of euros) 2022 2021 2020 Gross Deferred Gross Deferred Gross Deferred amount tax amount tax amount tax Actuarial gains and losses on post-employment benefits 176 (47) 59 (14) (13) 1 Assets at fair value (112) — 11 — 94 — Cash flow hedges 295 (70) 317 (84) 22 (10) Translation adjustment (374) — 200 — (414) — Other comprehensive income of associates and joint ventures 51 — 1 — — — Total presented in other comprehensive income 37 (117) 587 (98) (311) (9) 10.2.3 Tax position in the statement of financial position December 31, 2022 December 31, 2021 December 31, 2020 (in millions of euros) Assets Liabi-lities Net Assets Liabi-lities Net Assets Liabi-lities Net Orange SA tax group • Current tax — 31 (31) 26 — 26 — 359 (359) • Deferred tax (1) 135 — 135 362 — 362 327 — 327 Spanish tax group • Current tax 1 — 1 13 — 13 12 — 12 • Deferred tax (2) — 161 (161) — 211 (211) — 95 (95) Africa & Middle-East • Current tax 68 395 (327) 62 328 (266) 45 228 (183) • Deferred tax 128 58 70 127 93 34 103 55 48 United Kingdom • Current tax 2 — 2 — 5 (5) — 4 (4) • Deferred tax (3) — 786 (786) — 787 (787) — 600 (600) Other subsidiaries • Current tax 77 112 (34) 80 92 (12) 70 82 (12) • Deferred tax 157 120 38 202 94 109 244 105 139 Total • Current tax 149 538 (389) 181 425 (244) 128 673 (545) • Deferred tax 421 1,124 (704) 692 1,185 (493) 674 855 (181) (1) Mainly includes deferred tax assets on employee benefits. (2) The recognized deferred tax assets are offset by deferred tax liabilities on goodwill which is tax deductible. (3) Mainly deferred tax liabilities on the Orange brand. Change in net current tax (in millions of euros) 2022 2021 2020 Net current tax assets/(liabilities) in the opening balance (244) (545) (629) Cash tax payments/(reimbursements) (1)(2) 1,022 1,028 (1,160) Change in income statement (2) (1,168) (750) 1,245 Change in other comprehensive income — — — Change in retained earnings (3) (2) 29 (2) Changes in the scope of consolidation — 1 — Translation adjustment 2 (7) 4 Reclassification and other items 1 — (4) Net current tax assets/(liabilities) in the closing balance (389) (244) (545) (1) In 2022, includes a tax refund of 11 million euros related to the loss of sole control over the FiberCo in Poland, reclassified in investing activities in the consolidated statement of cash flows. (2) In 2021, included disbursements and tax expenses on gains arising from the loss of sole control over Orange Concessions in France and FiberCo in Poland, in the amounts of 47 million euros and 27 million euros respectively, reclassified in investing activities in the consolidated statement of cash flows. In 2020, included a reimbursement and tax income of 2,246 million euros in respect of the tax dispute for 2005–2006. (3) Mainly corresponds to the tax effect of 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) 2022 2021 2020 Net deferred tax assets/(liabilities) in the opening balance (493) (181) 238 Change in income statement (97) (212) (396) Change in other comprehensive income (117) (98) (9) Change in retained earnings — 5 — Change in the scope of consolidation (21) (1) (2) Translation adjustment 25 (5) (10) Reclassification and other items — (1) (2) Net deferred tax assets/(liabilities) in the closing balance (704) (493) (181) Deferred tax assets and liabilities by type December 31, 2022 December 31, 2021 December 31, 2020 Income Income Income (in millions of euros) Assets Liabilities state-ment Assets Liabilities state-ment Assets Liabilities state-ment Provisions for employee benefit obligations 679 — 22 705 — 218 499 — (154) Fixed assets 465 1,481 (75) 528 1,476 (218) 552 1,275 (111) Tax losses carryforward 3,935 — 20 3,958 — 37 3,887 — 8 Other temporary differences 2,658 3,168 (145) 2,673 2,960 (76) 2,690 2,821 (71) Deferred tax 7,736 4,649 (178) 7,865 4,436 (38) 7,629 4,096 (327) Depreciation of deferred tax assets (3,791) — 80 (3,922) — (174) (3,714) — (69) Netting (3,525) (3,525) — (3,251) (3,251) — (3,241) (3,241) — Total 421 1,124 (97) 692 1,185 (212) 674 855 (396) At December 31, 2022, tax loss carryforwards mainly relates to Spain and Belgium. At December 31, 2022, the unrecognized deferred tax assets mainly relate to Spain for 2.1 billion euros and Belgium (Belgian subsidiaries other than Orange Belgium) for 0.8 billion euros, and mostly include tax losses that can be carried forward indefinitely. In Spain, tax loss carryforwards for which a deferred tax asset has been recognized are expected to be fully utilized by 2027, unless affected by changes in current tax rules and changes in business projections. The deferred tax assets recognized for Spain amounted to 0.4 billion euros at December 31, 2022. Most of the other tax loss carryforwards for which no deferred tax assets have been recognized will expire beyond 2027. 10.3 Developments in tax disputes and audits Developments in tax disputes and audits in France Tax audits Orange SA was the subject of several tax audits for the years 2017–2018 and 2019–2020, for which the tax adjustments notified to date total approximately 520 million euros (including default penalties and interest). These adjustments mainly relate to the calculation of VAT on digital offerings, tax on electronic communication services on these same digital offerings, research tax credit, tax on television services, a portion of brand royalties paid by Orange SA to the UK company Orange Brand Services Ltd for reasons similar to the adjustments notified during the previous audits, as well as the non-inclusion in the tax base of income from the sale of equipment in 2019, and the reassessment of previous tax loss carryforwards used for fiscal years 2017 and 2018. All of these adjustments are being challenged by Orange SA. In accordance with its accounting policies, the Group makes a best estimate of the risk of these adjustments based on the technical merits of the positions defended, for which the effects are non-material. Orange SA was subject to a tax audit covering fiscal years 2015 and 2016. A tax adjustment was issued in 2019 covering the calculation of brand royalties paid by Orange SA to the UK 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 adjustment request is being challenged by Orange SA, which has requested the opening of out-of-court proceedings and arbitration between the French and UK tax authorities. The additional tax expense 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. Tax disputes There were no major developments in other tax disputes over the period. Developments in tax disputes and audits in the rest of the Group In the same way as other telecom operators, the Group regularly deals with disagreements concerning the taxation of its network in various countries. In the Democratic Republic of Congo, Orange was the subject of a tax audit for the years 2017–2019, for which the tax adjustments notified to date total approximately 146 million euros. These adjustments mainly relate to the recognition method for mobile prepaid revenue and the non-taxation of electronic money flows in third-party accounts to be transferred to end customers. All of these adjustments are being challenged by Orange RDC, which has appealed to the Finance Minister. There were no major developments in other tax disputes and audits in the rest of the Group over the period. 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, 2022 | |
Interests in associates and joint ventures | |
Interests in associates and joint ventures | Note 11 Interests in associates and joint ventures 11.1 Change in 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- % December 31, December 31, December 31, shareholder interest 2022 2021 2020 Entities jointly controlled Orange Concessions and its subsidiaries Operation / maintenance related to Public Initiative Networks Consortium HIN (50%) 50 % 1,057 1,049 — Swiatłowod Inwestycje Sp. z o.o. ( FiberCo in Poland) Construction / operation in Poland APG Group (50%) 50 % 306 298 — Mauritius Telecom Telecommunications operator in Mauritius Mauritius government (34%) 40 % 72 65 70 Other 17 10 10 Entities under significant influence Orange Tunisie Telecommunications operator in Tunisia Investec (51%) 49 % 17 2 — Savoie connectée Fiber infrastructure operator Covage (70%) 30 % 7 7 5 IRISnet Telecommunications operator in Belgium MRBC (54%) 22 % 6 6 5 Odyssey Music Group (Deezer) (1) Streaming platform AI European Holdings SARL NA NA — 5 Other 3 3 2 Total associates and joint ventures 1,486 1,440 98 (1) Following Deezer's initial public offering in 2022, the Orange group no longer has any significant influence on the entity (see Note 3.2). The change in interests in associates and joint ventures is as follows: (in millions of euros) 2022 2021 2020 Interests in associates and joint ventures - in the opening balance 1,440 98 103 Dividends (5) (3) (4) Share of profits (losses) (2) 3 (2) Impairment loss — — (0) Change in components of other comprehensive income (1) 51 3 — Changes in the scope of consolidation (2) (3) 1,345 — Change in capital 11 3 19 Translation adjustment (2) (4) (12) Reclassifications and other items (3) (6) (6) Interests in associates and joint ventures - in the closing balance 1,486 1,440 98 (1) In 2022, includes the effect of the change in fair value of cash flow hedge derivatives, net of tax, recognized in other comprehensive income for 33 million euros of Orange Concessions, and 18 million euros of the FiberCo in Poland. (2) In 2021, changes in the scope of consolidation mainly concerned Orange Concessions and the FiberCo in Poland, as described in Note 3.2. The main transactions between the Group and companies consolidated using the equity method are presented in Note 12. 11.2 Key figures from associates and joint ventures The key figures relating to Orange Concessions and Swiatłowod Inwestycje Sp. z o.o. (FiberCo in Poland) are as follows (figures from financial statements of entities taken as a whole): (in millions of euros) December 31, 2022 December 31, 2021 Orange Swiatłowod Orange Swiatłowod Concessions Inwestycje Sp. z o.o. Concessions Inwestycje Sp. z o.o. Assets (1) Non-current assets 3,699 372 3,029 168 Current assets 417 197 519 171 Total assets 4,115 569 3,548 339 Liabilities Shareholder's equity 2,117 281 1,991 257 Non-current liabilities 1,494 198 1,054 45 Current liabilities 505 90 502 36 Total equity and liabilities 4,115 569 3,548 339 Income statement Revenue 768 29 112 7 Operating income (7) (4) (16) (3) Finance costs, net (35) (5) (5) 16 Income tax 8 1 7 (3) Net income (35) (8) (14) 10 (1) Assets are recognized by Orange Concessions in accordance with the provisions of IFRIC 12 “Service Concession Arrangements.” 11.3 Contractual commitments on interests in associates and joint ventures Public Initiative Networks commitments As part of the roll-out of the high-speed and very high-speed broadbrand network in France, the Group has entered into contracts via Public Initiative Networks (mainly public service delegation contracts and public-private partnership contracts as well as public design, construction, operation and maintenance contracts). On November 3, 2021, the Orange group sold 50% of the capital in Orange Concessions to the consortium HIN, comprising La Banque des Territoires (Caisse des Dépôts), CNP Assurances and EDF resulting in the loss of Orange's sole control over this entity and its subsidiaries. The Orange Concessions group is jointly controlled with the consortium and is consolidated in the financial statements of the Orange group according the equity method. The Group continues to have obligations under network construction, concession and operation contracts in proportion to its shareholding, i.e. 1,702 million euros at December 31, 2022. Accounting policies The carrying value of interests in associates or joint ventures corresponds to the initial acquisition cost plus the share of net income for the period. If an associate or joint venture incurs losses and the carrying value 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 whenever there is objective evidence of impairment loss, such as a decrease in the quoted price when the investee is listed, significant financial difficulty of the entity, observable data indicating 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 value, the recoverable amount being the higher of the value in use and the fair value less transaction costs. The unit of account is the whole investment. Any impairment loss is recognized in the “share of profits (losses) of associates and joint ventures”. Impairment losses can be reversed once the recoverable amount exceeds the carrying value. |
Related party transactions
Related party transactions | 12 Months Ended |
Dec. 31, 2022 | |
Related party transactions | |
Related party transactions | Note 12 Related party transactions Transactions with the French State and affiliated bodies 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 awarded as part of a competitive process arranged by each department according to the nature of the service. They have no material impact on consolidated revenues. Orange does not purchase goods or services from the French State (either directly or via Bpifrance Participations), except for the use of spectrum resources. These resources are allocated after a competitive process. Transactions with the main associates and joint ventures The main transactions between the Group and its associates and joint ventures are reflected as follows in Orange’s consolidated financial statements: (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Assets Non-current financial assets 43 43 9 Trade receivables 254 417 39 o/w Orange Concessions (1) 209 372 — Current financial assets 12 12 5 Other current assets 40 52 — Liabilities Current financial liabilities — — — Trade payables 11 14 5 Other current liabilities 2 1 0 Customer contract liabilities 154 153 3 o/w Swiatlowod Inwestycje Sp.z o.o. (2) 146 151 — Income statement Revenue 726 139 14 o/w Orange Concessions 705 124 — Operating income 700 135 (7) Finance costs, net 2 1 — Net income 702 129 (7) (1) Transactions between the Group and Orange Concessions mainly comprise Orange SA receivables from Orange Concessions in relation with fiber deployment and maintenance activities operated by the Group. (2) Customer contract liabilities mainly correspond to the recognition of deferred income by Orange Polska in connection with the prepayment of services provided to the FiberCo in Poland. Accounting policies Orange group’s related parties are listed below: – – – |
Financial assets, liabilities a
Financial assets, liabilities and financial results (telecom activities) | 12 Months Ended |
Dec. 31, 2022 | |
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 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 at December 31, 2022. (in millions of euros) Orange o/w Note o/w Mobile Note o/w eliminations consolidated telecom Finance telecom financial activities Services activities /mobile statements finance services Non-current financial assets related to Mobile Financial Services activities 656 — 656 17.1.1 — Non-current financial assets 977 1,004 13.7 — (27) (1) Non-current derivatives assets 1,458 1,342 13.8 116 17.1.3 — Current financial assets related to Mobile Financial Services activities 2,742 — 2,747 17.1.1 (6) Current financial assets 4,541 4,541 13.7 — — Current derivatives assets 112 112 13.8 — 17.1.3 — Cash and cash equivalents 6,004 5,846 14.3 158 — Non-current financial liabilities related to Mobile Financial Services activities 82 — 109 17.1.2 (27) (1) Non-current financial liabilities 31,930 31,930 13.3 — — Non-current derivatives liabilities 397 335 13.8 62 17.1.3 — Current financial liabilities related to Mobile Financial Services activities 3,034 — 3,034 17.1.2 — Current financial liabilities 4,702 4,708 13.3 — (6) Current derivatives liabilities 51 51 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) for the period. Foreign exchange gains and losses mainly include: − − Other net financial expenses mainly composed of interest on lease liabilities for (145) million euros in 2022, (120) million euros in 2021 and (120) million euros in 2020 (see Note 9.2). 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 operating income (foreign exchange gains and losses on trade receivables, trade payables and the associated hedge derivatives) in the amount of (31) million euros in 2022, (19) million euros in 2021 and 16 million euros in 2020. Finance costs, net Other compre- hensive income Cost of gross Gains Cost of net Foreign Other net Finance Reserves financial debt (1) (losses) on financial debt exchange financial costs, net assets gains expenses contributing (losses) to net financial (in millions of euros) debt 2022 Financial assets — 48 48 (38) 55 (110) Financial liabilities (1,023) — (1,023) (196) 0 — Lease liabilities — — — — (145) — Derivatives 245 — 245 137 (0) 288 Discounting expense — — — — (3) — Total (779) 48 (731) (97) (92) (920) 178 2021 Financial assets — (3) (3) 47 75 11 Financial liabilities (1,018) — (1,018) (637) (0) — Lease liabilities — — — — (120) — Derivatives 188 — 188 655 0 322 Discounting expense — — — — 31 — Total (830) (3) (833) 65 (14) (782) 332 2020 Financial assets — (1) (1) (151) 39 94 Financial liabilities (1,152) — (1,152) 623 — — Lease liabilities — — — — (120) — Derivatives 52 — 52 (576) — 22 Discounting expense — — — — (29) — Total (1,100) (1) (1,102) (103) (110) (1,314) 116 (1) Includes interest on debts related to financed assets of ( 3 ) million euros in 2022 and ( 1 ) million euros in 2021 and 2020. 13.3 Net financial debt The definition of net financial debt excludes the lease liabilities included in the scope of IFRS 16 (see Note 9.2) and includes debt related 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 titled indicators used by other companies. It is provided as additional information only and should not be considered a substitute for an analysis of all the Group’s assets and liabilities. Net financial debt as defined and used by Orange does not take into account Mobile Financial Services activities, for which this 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 items that are not included in net financial debt, such as future cash flows. As a result, the portion relating to these unmatured hedging instruments recorded in other comprehensive income is added to gross financial debt to offset this temporary difference. (in millions of euros) Note December 31, December 31, December 31, 2022 2021 2020 TDIRA 13.4 638 636 636 Bonds 13.5 29,943 29,010 29,848 Bank loans and from development organizations and multilateral lending institutions 13.6 3,309 3,206 3,671 Debt relating to financed assets 316 245 295 Cash collateral received 14.5 1,072 389 31 NEU Commercial Paper (1) 1,004 1,457 555 Bank overdrafts 250 342 154 Other financial liabilities 105 64 70 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 36,638 35,348 35,260 Current and non-current Derivatives (liabilities) 13.8 386 285 804 Current and non-current Derivatives (assets) 13.8 (1,455) (689) (294) Other comprehensive income components related to unmatured hedging instruments 13.8 114 (192) (541) Gross financial debt after derivatives (a) 35,684 34,751 35,229 Cash collateral paid (2) 14.5 (38) (27) (642) Investments at fair value (3) 14.3 (4,500) (2,266) (3,206) Cash equivalents 14.3 (3,178) (5,479) (5,140) Cash (2,668) (2,709) (2,751) Other financial assets (2) — — Assets included in the calculation of net financial debt (b) (10,386) (10,481) (11,740) Net financial debt (a) + (b) 25,298 24,269 23,489 (1) Negotiable European Commercial Paper (formerly called "commercial paper"). (2) Only cash collateral paid, included in non-current financial assets of the consolidated statement of financial position, is deducted from gross financial debt. (3) 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 mainly held by the Group’s parent company, Orange SA. The 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 1.9): (in millions of euros) December 31, 2021 Cash flows Other changes with no impact on cash flows December 31, 2022 Changes in the scope of consolidation Foreign exchange movement Other TDIRA 636 — — — 2 638 Bonds 29,010 813 — 88 32 (1) 29,943 Bank loans and from development organizations and multilateral lending institutions 3,206 135 6 (28) (11) 3,309 Debt relating to financed assets 245 (97) — — 168 316 Cash collateral received 389 684 — — — 1,072 NEU Commercial Paper 1,457 (456) — — 3 1,004 Bank overdrafts 342 (39) — (46) (7) 250 Other financial liabilities 64 (1) 4 4 35 105 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 35,348 1,038 10 18 222 36,638 Net derivatives (405) (91) — (213) (360) (1,069) Cash collateral paid (27) (12) — — — (38) Cash flows from financing activities 936 (1) Mainly corresponding to changes in accrued interest not yet due. (in millions of euros) December 31, Cash Other changes with no impact December 31, 2020 flows on cash flows 2021 Changes in Foreign the scope of exchange consolidation movement Other TDIRA 636 — — — — 636 Bonds 29,848 (1,385) — 599 (52) (1) 29,010 Bank loans and from development organizations and multilateral lending institutions 3,671 (496) — 27 3 3,206 Debt relating to financed assets 295 (80) — — 30 245 Cash collateral received 31 358 — — — 389 NEU Commercial Paper 555 903 — — (1) 1,457 Bank overdrafts 154 173 — 15 — 342 Other financial liabilities 70 (136) (41) 3 168 64 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 35,260 (663) (41) 644 148 35,348 Net derivatives 510 201 — (457) (659) (405) Cash collateral paid (642) 615 — — — (27) Cash flows from financing activities 153 (1) Mainly corresponding to changes in accrued interest not yet due. (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) — — — 31 NEU Commercial Paper 158 397 — — — 555 Bank overdrafts 203 (37) — (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) — (663) 157 35,260 Net derivatives (138) 37 — 641 (29) 510 Cash collateral paid (123) (519) — — — (642) Cash flows from financing activities (1,793) (1) Mainly corresponding to changes in accrued interests not yet due. Net financial debt by currency Net financial debt by currency is presented in the table below, after foreign exchange effects of hedging derivatives (excluding instruments set up to hedge operating 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 26,013 4,132 2,900 75 186 94 465 1,817 35,683 Financial assets included in the calculation of net financial debt (8,115) (650) (102) (107) (74) (87) (72) (1,179) (10,386) Net debt by currency before effect of foreign exchange derivatives (1) 17,898 3,482 2,798 (32) 112 8 393 638 25,298 Effect of foreign exchange derivatives 6,280 (3,630) (2,803) 887 — — — (735) — Net financial debt by currency after effect of foreign exchange derivatives 24,178 (147) (5) 856 112 8 393 (96) 25,298 (1) Including the market value of derivatives in local currency. Accounting policies Cash and cash equivalents The Group classifies investments as cash equivalents 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 repurchase non-controlling interests are recognized at fair value through 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 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 liability, using the effective interest rate method. Some financial liabilities at amortized cost, mainly borrowings, are subject to hedging. This mainly relates to the hedging of payables in foreign currencies against the exposure of their future cash flows to foreign exchange risk (cash flow hedging). 13.4 TDIRA Perpetual bonds redeemable for shares (titres à durée indéterminée remboursables en actions or “TDIRAs” Autorité des Marchés At December 31, 2022, taking into account redemptions since their issuance, 44,880 TDIRAs These TDIRAs are redeemable for new Orange SA shares at any time at the holders’ request or, under certain conditions as described in the appropriate prospectus, at Orange SA’s initiative based on a ratio of 615.216 shares to one TDIRA (i.e. a conversion price of 22.919 euros). The initial ratio of 300 shares to one TDIRA has been adjusted several times to protect bondholders’ rights and may be further adjusted under the terms and conditions set out in the prospectus. Since January 1, 2010, the interest rate on the TDIRAs TDIRAs are subject to split accounting with one part treated as equity and another part as a liability. For the securities outstanding at December 31, 2022, the “equity” component before deferred tax stood at 152 million euros. (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Number of securities 44,880 44,880 44,880 Equity component before deferred taxes 152 152 152 Debt component 638 636 636 o/w accrued interests not yet due 6 3 3 Paid interest 16 13 14 Accounting policies Some Group financial instruments include both a financial debt component and an equity component. This relates to perpetual bonds redeemable for shares (TDIRAs) The equity component, originally calculated as the difference between the notional value of the instrument and the fair value of the debt component, remains the same throughout the life of the instrument. 13.5 Bonds In 2022, the Group carried out the following bond issues: Notional currency Initial Maturity Interest rate Issuer Type of operations Amounts nominal (%) in millions amount of euros (in millions of currency) EUR 500 May 18, 2032 2.375 Orange SA Issuance 500 MAD 300 June 3, 2026 2.600 Médi Telecom Issuance 28 MAD 1,200 June 3, 2026 1Y BDT + 0.55 Médi Telecom Issuance 112 EUR 750 November 16, 2031 3.625 Orange SA Issuance 750 Total of issuances 1,390 EUR 500 September 16, 2022 3.375 Orange SA Repayment at maturity (500) EUR 750 September 11, 2023 0.750 Orange SA Early repayment (7) MAD 1,090 December 18, 2025 3.970 Médi Telecom Regular annual basis repayment (15) MAD 720 December 18, 2025 1Y BDT + 1.00 (1) Médi Telecom Regular annual basis repayment (10) MAD 1,002 December 10, 2026 3.400 Médi Telecom Regular annual basis repayment (13) MAD 788 December 10, 2026 1Y BDT + 0.85 (1) Médi Telecom Regular annual basis repayment (11) MAD 300 June 3, 2026 2.600 Médi Telecom Regular annual basis repayment (4) MAD 1,200 June 3, 2026 1Y BDT + 0.55 (1) Médi Telecom Regular annual basis repayment (14) Total of repayments (572) (1) The 1Y BDT rate corresponds to the 52 weeks Moroccan treasury notes rate (recalculated once a year). The unmatured bonds at December 31, 2022, presented below, were all issued by Orange SA, with the exception of three commitments (each with a fixed-rate tranche and a variable-rate tranche) denominated in Moroccan dirhams held by Médi Telecom and one bond in CFA francs issued by Sonatel. With the exception of the commitments made by Médi Telecom which are redeemable on a regular annual basis, at December 31, 2022, the bonds issued by the Group are 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 amount Maturity Interest rate (%) Outstanding amount currency (in millions of December 31, December 31, December 31, currency units) 2022 2021 2020 Bonds matured before December 31, 2022 — 500 4,282 EUR 500 March 1, 2023 2.500 500 500 500 EUR 750 September 11, 2023 0.750 744 750 750 HKD 700 October 6, 2023 3.230 84 79 74 HKD 410 December 22, 2023 3.550 49 46 43 EUR 650 January 9, 2024 3.125 650 650 650 EUR 1,250 July 15, 2024 1.125 1,250 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 50 48 CHF 400 November 24, 2025 0.200 406 387 370 GBP 350 December 5, 2025 5.250 296 312 292 MAD (1) 1,090 December 18, 2025 3.970 42 59 72 MAD (1) 720 December 18, 2025 1Y BDT + 1.000 28 39 47 MAD 300 June 3, 2026 2.600 24 — — MAD (1) 1,200 June 3, 2026 1Y BDT + 0.55 94 — — EUR (1) 700 June 29, 2026 0.000 700 700 — EUR 750 September 4, 2026 0.000 750 750 750 EUR 75 November 30, 2026 4.125 75 75 75 MAD (1) 1,002 December 10, 2026 3.400 51 68 79 MAD (1) 788 December 10, 2026 1Y BDT + 0.850 40 54 62 EUR 750 February 3, 2027 0.875 750 750 750 EUR 750 July 7, 2027 1.250 750 750 750 XOF 100,000 July 15, 2027 6.500 152 152 152 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 80 76 GBP 500 November 20, 2028 8.125 564 595 556 EUR 1,250 January 15, 2029 2.000 1,250 1,250 1,250 EUR 150 April 11, 2029 3.300 150 150 150 CHF 100 June 22, 2029 0.625 102 97 93 EUR 500 September 16, 2029 0.125 500 500 500 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 EUR 100 November 6, 2030 0.000 (2) 100 100 100 USD 2,500 March 1, 2031 9.000 (3) 2,308 2,173 2,006 EUR 300 May 29, 2031 1.342 300 300 300 EUR 750 November 16, 2031 3.625 750 — — EUR 50 December 5, 2031 4.300 (zero coupon) 79 75 72 (1) Bonds issued by Médi Telecom. The 1Y BDT rate corresponds to the 52 weeks Moroccan treasury notes rate (recalculated once a year). (2) Bond bearing interest at a fixed rate of 2% until 2017 and then at CMS 10 years x 166% fixed annually ( 0 % until November 2023), floored at 0% and capped at 4% until 2023 and at 5% thereafter. (3) Bond with a step-up clause (clause that triggers a change in the coupon rate if Orange’s credit rating from the rating agencies changes – see Note 14.3). Notional Initial nominal Maturity Interest rate (%) Outstanding amount currency amount December 31, December 31, December 31, (in millions of 2022 2021 2020 currency units) EUR 50 December 8, 2031 4.350 (zero coupon) 80 77 73 EUR 50 January 5, 2032 4.450 (zero coupon) 77 74 71 GBP 750 January 15, 2032 3.250 846 893 834 EUR 750 April 7, 2032 1.625 750 750 750 EUR 500 May 18, 2032 2.375 500 — — EUR 1,000 September 4, 2032 0.500 1,000 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 EUR 1,000 December 16, 2033 0.625 1,000 1,000 — GBP 500 January 23, 2034 5.625 564 595 556 HKD 939 June 12, 2034 3.070 113 106 99 EUR 800 June 29, 2034 0.750 800 800 — EUR 300 July 11, 2034 1.200 300 300 300 EUR 50 April 16, 2038 3.500 50 50 50 USD 900 January 13, 2042 5.375 844 795 733 USD 850 February 6, 2044 5.500 797 750 693 EUR 750 September 4, 2049 1.375 750 750 750 GBP 500 November 22, 2050 5.375 564 595 556 Outstanding amount of bonds 29,654 28,737 29,524 Accrued interest 454 445 487 Amortized cost (164) (172) (163) Total 29,943 29,010 29,848 13.6 Loans from development organizations and multilateral lending institutions (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Sonatel 266 244 292 Orange Côte d'Ivoire 253 140 172 Orange Mali 201 207 227 Médi Telecom 183 167 220 Orange Egypt 163 137 163 Orange Burkina Faso 36 42 56 Orange Cameroon 36 78 111 Orange Jordanie 35 49 61 Orange Bail 12 3 - Orange Madagascar 12 18 19 Orange Polska S.A. 10 6 1 Other 15 15 61 Bank loans 1,222 1,105 1,384 Orange SA (1) 2,087 2,101 2,288 Loans from development organizations and multilateral lending institutions (2) 2,087 2,101 2,288 Total 3,309 3,206 3,671 (1) In 2021, Orange SA repaid at maturity a loan of 190 million euros. In 2020, Orange SA had repaid at maturity a loan of 400 million euros and negotiated a new loan of 350 million euros, maturing in 2027. (2) Entirely the European Investment Bank. 13.7 Financial assets Financial assets break down as follows: (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Non-current Current Total Total Total Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss 419 — 419 431 431 Investments securities 419 — 419 431 431 Financial assets at fair value through profit or loss 243 4,502 4,745 2,496 3,990 Investments at fair value (1) — 4,500 4,500 2,266 3,206 Investments securities 206 — 206 203 141 Cash collateral paid (2) 38 — 38 27 642 Other — 2 2 — — Financial assets at amortized cost 342 39 381 363 382 Receivables related to investments (3) 77 28 106 105 55 Other 264 11 275 258 327 Total financial assets 1,004 4,541 5,545 3,290 4,803 (1) NEU Commercial Paper and bonds only (see Note 14.3). (2) See Note 14.5. (3) Including a loan of 27 million euros from Orange SA to Orange Bank. Equity securities Equity securities measured at fair value through other comprehensive income that will not be reclassified to profit or loss (in millions of euros) 2022 2021 2020 Investment securities measured at fair value through other comprehensive income that will not be reclassified to profit or loss - in the opening balance 432 431 277 Acquisitions (1) 98 85 81 Changes in fair value (2) (108) 11 94 Sales (7) (95) (20) Other movements 3 — (2) Investment securities measured at fair value through other comprehensive income that will not be reclassified to profit or loss - in the closing balance 419 432 431 (1) (2) Deezer's share price at December 31, 2022 led to a decrease in the fair value of Equity securities measured at fair value through other comprehensive income that will not be reclassified to profit or loss include numerous shares in companies held by investment funds. Equity securities measured at fair value through profit or loss (in millions of euros) 2022 2021 2020 Investment securities measured at fair value through profit or loss - in the opening balance 203 141 133 Changes in fair value 10 34 8 Other movements (8) 27 — Investment securities measured at fair value through profit or loss - in the closing balance 205 203 141 Accounting policies Financial assets – Certain equity securities which are not consolidated or equity-accounted and cash investments such as negotiable debt securities, deposits and UCITS (Undertakings for Collective Investment in Transferable Securities), which are compliant with the Group's liquidity risk management policy, may be designated by Orange as recognized at fair value through profit or loss. These assets are recognized at fair value at initial recognition and subsequently. All changes in fair value are recorded in net financial costs, net. – Equity securities which are not consolidated or equity-accounted are, subject to exceptions, recognized as assets at fair value through other comprehensive income that will not be reclassified to profit or loss. They are recognized at fair value at initial recognition and subsequently. Temporary changes in value and gains (losses) on disposals are recorded as other comprehensive income that will not be reclassified to profit or loss. – This category mainly includes miscellaneous loans and receivables. These instruments are recognized at fair value at initial recognition 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's carrying value is higher than its recoverable amount. For these financial assets, the provisioning system also covers expected losses according to IFRS 9. 13.8 Derivatives 13.8.1 Market value of derivatives (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Hedging derivatives 893 484 (311) Cash flow hedge derivatives 893 484 (311) Fair value hedge derivatives — — — Derivatives held for trading (1) 176 (79) (199) Net derivatives (2) 1,069 405 (510) (1) Mainly related to the effect of the economic hedges of subsidiaries for 140 million euros in 2022, 90 million euros in 2021 and 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 (70) million euro in 2022, (165) million euros in 2021 and (210) million euro in 2020. (2) Of which foreign exchange effects of the cross-currency swaps (classified as hedging or trading) hedging foreign exchange risk on the notional amount of gross debt for 694 million euros in 2022, 657 million euros in 2021 and 251 million euros in 2020. The foreign exchange effect of the cross-currency swaps is the difference between the notional converted at the closing rate and the notional converted at the opening rate (or at the trading day spot rate in the case of a new instrument). The risks hedged by these derivatives 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 Derivatives 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 derivatives). Derivatives are classified as a separate line item in the statement of financial position. Trading derivatives are economic hedge derivatives not classified as hedges for accounting purposes. Changes in the value of these instruments are recognized directly in profit or loss. Hedge accounting is applicable when: – – There are three types of hedge accounting: – – – For transactions qualified as fair value hedges and for economic hedges, the foreign exchange impact of changes in the fair value of derivatives is booked in operating income when the underlying hedged item is a commercial transaction and in finance costs, net 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 of cross-currency swaps designated as cash flow hedges, the Group has chosen to designate these as hedging costs. This option enables recognition of these effects in other comprehensive income and amortization of the cost of the basis spread in profit or loss over the period of the hedge. 13.8.2 Cash flow hedges The main purpose of the Group's cash flow hedges is to neutralize foreign exchange risk on future cash flows (notional, coupons) or to switch floating-rate debt to fixed-rate debt. The ineffective portion of cash flow hedges recognized in the income statement was not significant during the periods presented. The main hedges unmatured at December 31, 2022, 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 Commodity risk Hedging instruments 893 Cross Currency Swap Forward Interest rate swap Commodity swap FX swap Option Option Option Carrying amount - asset 1,065 1,002 3 — 74 Carrying amount – liability (172) (156) (11) (5) — Change in cash flow hedge reserve 288 225 (6) 9 60 Gain (loss) recognized in other comprehensive income 304 244 (8) 9 59 Reclassification in financial result (19) (19) — — — Reclassification in operating income (1) — (1) — — Reclassification in initial carrying amount of hedged item 4 — 4 — — Cash flow hedge reserve 497 457 (4) (5) 49 o/w related to unmatured hedging instruments 114 74 (4) (5) 49 o/w related to discontinued hedges 383 383 — — Hedged item Bonds and credit lines Purchases of handsets and equipment Bonds and Lease liabilities Purchase of energy Balance sheet item Current and non-current financial liabilities Property, plant and equipment Lease and Financial Liabilities - current and non-current Operating result The main hedges unmatured at December 31, 2021, 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 484 Cross Currency Swap Forward Interest rate swap FX swap Option Option Carrying amount - asset 576 575 1 — Carrying amount - liability (91) (76) — (14) Change in cash flow hedge reserve 317 311 (2) 9 Gain (loss) recognized in other comprehensive income 358 347 3 9 Reclassification in financial result (38) (36) (2) — Reclassification in operating income — — — — Reclassification in initial carrying amount of hedged item (3) — (3) — Cash flow hedge reserve 210 220 (9) (2) o/w related to unmatured hedging instruments (192) (181) (9) (2) o/w related to discontinued hedges 402 402 — — Hedged item Bonds and credit lines Purchases of handsets Bonds and Lease and equipment liabilities Current and non-current Property, plant and Lease and Financial Liabilities - Balance sheet item financial liabilities equipment current and non-current The main hedges unmatured at December 31, 2020, as well as their effects on the financial statements, are detailed in the table below. |
Information on market risk and
Information on market risk and fair value of financial assets and liabilities (telecom activities) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Information on market risk and fair value of financial assets and liabilities (telecom activities) | 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 carried out, financial results). The armed conflict that began on February 24, 2022 and its consequences on the financial market did not call 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, is estimated at 96% at December 31, 2022, 94% at December 31, 2021 and 89% at December 31, 2020. 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 increase the annual cost of gross financial debt by 13 million euros, while a decrease of 1% would lower it by 13 million euros. Sensitivity of cash flow hedge reserves A 1% rise in euro interest rates would improve the market value of derivatives designated as cash flow hedges and increase the associated cash flow hedge reserves by approximately 775 million euros. A 1% decrease in euro interest rates would reduce their market value and decrease the cash flow hedge reserve by approximately 776 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 devices and equipment sold or leased to customers and purchases from or sales to international carriers. 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: – – – Following the repurchase at the end of 2022 of the last subordinated notes denominated in pounds sterling (see Note 15.4), the Group is no longer exposed to the financial exchange risk resulting from these instruments. The table below shows the main exposures to foreign exchange fluctuations of the net financial debt in foreign currencies of Orange SA and of Orange Polska and Orange Egypt, 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 and Orange Egypt are the entities bearing the main foreign exchange risk, including internal transactions that generate a net foreign exchange gain or loss in the Consolidated Financial Statements. Exposure in currency units Sensitivity analysis (in millions of currency units) EUR USD GBP PLN CHF Total 10% gain in 10% loss in translated euro euro Orange SA — 1 2 — 1 3 — — Orange Polska (121) (6) — — — (127) 12 (14) Orange Egypt — (101) — — — (95) 9 (11) Total (currencies) (121) (106) 2 — 1 (218) 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 the assets of subsidiaries and shareholdings 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 Mobile Financial Services activities (mainly in euros). Contribution to consolidated net assets Sensitivity analysis EUR USD GBP PLN EGP JOD MAD Other Total 10% 10% (in millions of euros) currencies gain in loss in euro euro Net assets excluding net debt (a) (1) 50,056 224 70 3,388 781 541 925 4,269 60,254 (927) 1,133 Net debt by currency including derivatives (b) (2) (24,178) 147 5 (3) (856) (112) (8) (393) 96 (25,298) 102 (124) Net assets by currency (a) + (b) 25,878 371 74 2,532 (4) 669 533 533 4,366 34,956 (825) 1,009 (1) Excluding components of net financial debt. (2) Net financial debt as defined and used by Orange does not take into account Mobile Financial Services activities, for which this concept is not relevant (see Note 13.3). (3) Of which economic hedge of subordinated notes denominated in pounds sterling for 39 million pounds sterling (i.e. 44 million euros). (4) Share of net assets attributable to owners of the parent company in zlotys amounts to 1,283 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 EUR USD GBP PLN EGP JOD MAD Other Total 10% gain 10% loss currencies in euro in euro Revenue 31,400 1,134 282 2,630 977 456 672 5,919 43,471 (1,097) 1,341 EBITDAaL 9,389 183 7 652 360 214 202 1,956 12,963 (325) 397 Operating income 2,798 192 (14) 255 178 114 61 1,216 4,801 (182) 223 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 at 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 debt maturities 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: – – – TDIRAs – – (in millions of euros) Note December 31, 2023 2024 2025 2026 2027 2028 Other 2022 et au-delà items (1) TDIRA 13.4 638 6 — — — — — 633 Bonds 13.5 29,943 1,941 2,010 2,410 1,595 2,030 20,121 (164) Bank loans and from development organizations and multilateral lending institutions 13.6 3,309 1,365 281 773 424 446 34 (15) Debt relating to financed assets 13.3 316 85 91 67 48 24 — — Cash collateral received 13.3 1,072 1,072 — — — — — — NEU commercial papers (2) 13.3 1,004 1,001 — — — — — 3 Bank overdrafts 13.3 250 250 — — — — — — Other financial liabilities 13.3 105 92 1 — — — 11 — Derivatives (liabilities) 13.3 386 93 — 30 — — 50 — Derivatives (assets) 13.3 (1,455) (53) (46) (69) (24) (9) (773) — Other Comprehensive Income related to unmatured hedging instruments 13.3 114 — — — — — — — Gross financial debt after derivatives 35,684 5,852 2,337 3,212 2,044 2,493 19,443 456 Trade payables 11,552 10,071 217 192 168 408 495 — Total financial liabilities (including derivatives assets) 47,236 15,923 (3) 2,554 3,404 2,212 2,901 19,938 456 Future interests on financial liabilities (4) — 1,388 1,054 899 741 742 4,439 — (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 Paper (formerly called "commercial paper"). (3) Amounts presented for 2022 correspond to notional and accrued interests for 470 million euros. (4) Mainly future interests on bonds for 8,844 million euros, on bank loans for 110 million euros and on derivatives instruments for (1,529) 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 titled indicators used by other groups. At December 31, 2022, the liquidity position of Orange’s telecom activities amounts to 16,741 million euros and exceeds the repayment obligations of its gross financial debt in 2023. It breaks down as follows: Liquidity position (in millions of euros) At December 31, 2022, 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. The available undrawn amount of the credit facilities is 6,394 million euros (including 6,000 million euros for Orange SA). Cash equivalents amount to 3,178 million euros, mainly at Orange SA, comprising 2,632 million euros of UCITS and 150 million euros of term deposits. Investments at fair value amounted to 4,500 million euros, exclusively at Orange SA, with 4,128 million euros of NEU Commercial Paper and 357 million euros of bonds. Any specific contingent commitments in terms of financial ratios are presented in Note 14.4. Due to its cash level and other immediately disposable investments, the Group is not dependent on the sale of receivables organized in certain countries (see Note 4.3). Change in Orange’s credit rating Orange’s credit rating is an additional overall performance indicator used to assess the Group’s financial policy and risk management policy and, in particular, its solvency and liquidity risk. It is not a substitute for an analysis carried out by investors. Rating agencies regularly review the ratings they award. Any change in the rating could affect the cost of future financing or access to liquidity. In addition, a change in Orange’s credit rating will, for certain outstanding financing, affect the remuneration paid to investors: – – At December 31, 2022, neither Orange’s credit rating nor its outlook has changed compared with December 31, 2021. 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 have pledged 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 commitments are as follows: – – – – These ratios ware complied with at December 31, 2022. Default or material adverse change clauses Most of Orange’s financing agreements, notably including the 6 billion euro syndicated credit facility set up on November 23, 2022, as well as bonds, are not subject to early redemption obligations in the event of a material adverse change or cross default provisions. Most of these agreements include cross acceleration provisions, however. Thus, the mere occurrence of events of default in other financing agreements would not automatically trigger accelerated repayment under the aforementioned agreements. 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 counterparty 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. 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 4.3. For loans and other receivables, amounts past due but not provisioned are not material. Orange SA is exposed to counterparty risk through its investments and derivatives. Therefore, it performs a strict selection of public, financial or industrial institutions in which it invests or with which it enters into derivative agreements. This selection takes particular note of the institutions' credit ratings. Therefore: – – – For derivatives, master agreements relating to financial instruments (French Banking Federation) are signed with all counterparties and provide for the netting of payables and receivables, in case of failure of one of the parties, as well as the 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 the 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 derivatives (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Collateralised Derivatives (net) (a) 1,014 408 (520) Fair value of collateralised derivatives assets 1,374 690 283 Fair value of collateralised derivatives liabilities (360) (282) (803) Amount of cash collateral paid/(received) (b) (1,034) (362) 611 Amount of cash collateral paid 38 27 642 Amount of cash collateral received (1,072) (389) (31) Residual exposure to counterparty risk (a) + (b) (1) (20) 46 91 Non collateralised Derivatives (net) 55 (3) 10 Fair value of non collateralised derivatives assets 81 — 11 Fair value of non collateralised derivatives liabilities (26) (3) (1) (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. The change in net cash collateral received between 2021 and 2022 mainly reflects the appreciation of the US dollar and the depreciation of the pound sterling against the euro. Sensitivity analysis of cash collateral to changes in market interest rates and exchange rates A change in market rates (mainly euros) of +/ - 1% (in millions of euros) Rate decrease of 1% Rate increase of 1% Change of fair value of derivatives (821) 820 Rate decrease of 1% Rate increase of 1% Amount of cash collateral paid (received) 821 (820) A 10% increase or decrease in the euro exchange rate would affect the fair value of derivatives hedging foreign exchange risk as follows: (in millions of euros) 10% loss in euro 10% gain in euro Change of fair value of derivatives 1,302 (1,065) 10% loss in euro 10% gain in euro Amount of cash collateral received (paid) (1,302) 1,065 14.6 Commodity risk management (energy contracts) The majority of the Group’s electricity needs are met through fixed-price or indexed forward purchase contracts, depending on the situation. In accordance with IFRS 9, contracts entered into on non-financial assets (electricity) to meet the normal business needs of the company and used solely for its business, rather than for speculation or arbitrage on energy price fluctuations, are not considered derivatives. The Group’s commitments under those contracts are presented as off-balance sheet commitments in Note 16.1. To meet its commitments in terms of Net Zero Carbon by 2040, the Group enters into Power Purchase Agreements for electricity generated by renewable sources. These contracts may be physical (with physical delivery of electricity and therefore not leading to the recognition of derivative instruments), or virtual.. Energy supply is achieved through a portfolio of contracts mixing PPA, Solar/Energy As A Service, power purchase contracts with different terms (market), and supply contracts (aggregation and distribution). The Group is considering Virtual Power Purchase Agreements (VPSAs). These contracts result in the recognition of derivatives at fair value through profit or loss since there is no physical delivery of electricity. At December 31, 2022, the Group only has one Virtual Power Purchase Agreement in Poland. This contract is the subject of a cash flow hedge, the ineffective portion of which has a direct impact on the income statement. Fluctuations in the fair value of the effective portion of the hedge are recognized in other comprehensive income (see Note 13.8.2). 14.7 Equity market risk Orange SA has no call options on its own shares and no commitments for forward purchases of shares. At December 31, 2022, it held 1,965,171 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 UCITS in which Orange invests for cash management purposes do not hold equities. The Orange group is also exposed to equity risk through some of its retirement plan assets (see Note 6.2). At December 31, 2022, the Group is not materially exposed to market risk on the shares of listed companies. 14.8 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. 14.9 Fair value of financial assets and liabilities The market value of the net financial debt carried by Orange is estimated at 23.8 billion euros at December 31, 2022, for a carrying value of 25.3 billion euros. (in millions of euros) December 31, 2022 Note Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 (1) value fair and value cash Trade receivables AC 6,237 6,237 — 6,237 — Financial assets 13.7 5,545 5,545 65 5,124 355 Equity securities FVOCI 421 421 65 — 355 Equity securities FVR 205 205 — 205 — Investments at fair value FVR 4,500 4,500 — 4,500 — Cash collateral paid FVR 38 38 — 38 — Financial assets at amortized cost AC 381 381 — 381 — Cash and Cash equivalents 13.3 5,846 5,846 5,846 — — Cash AC 2,668 2,668 2,668 — — Cash equivalents FVR 3,178 3,178 3,178 — — Trade payables AC (11,551) (11,551) — (11,551) — Financial liabilities 13.3 (36,638) (35,121) (27,681) (7,432) (8) Financial debts AC (36,630) (35,113) (27,681) (7,432) — Other FVR (8) (8) — — (8) Derivatives (net amount) (2) 13.8 1,069 1,069 — 1,069 — (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) The classification for derivatives 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, 2021 377 (9) Gains (losses) taken to profit or loss (36) 1 Gains (losses) taken to other comprehensive income 19 — Acquisition (sale) of securities (7) — Other 2 — Level 3 fair values at December 31, 2022 355 (8) The market value of the net financial debt carried by Orange is estimated at 31.5 billion euros at December 31, 2021, for a book value of 24.3 billion euros. (in millions of euros) December 31, 2021 Note Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 value fair value and cash Trade receivables AC 6,040 6,040 — 6,040 — Financial assets 13.7 3,291 3,291 55 2,859 377 Equity securities FVOCI 432 432 55 — 377 Equity securities FVR 203 203 — 203 — Investments at fair value FVR 2,266 2,266 — 2,266 — Cash collateral paid FVR 27 27 — 27 — Financial assets at amortized cost AC 363 363 — 363 — Cash and Cash equivalents 13.3 8,188 8,188 8,188 — — Cash AC 2,709 2,709 2,709 — — Cash equivalents FVR 5,479 5,479 5,479 — — Trade payables AC (11,163) (11,163) — (11,163) — Financial liabilities 13.3 (35,348) (42,534) (33,058) (9,466) (9) Financial debts AC (35,339) (42,524) (33,058) (9,466) — Other FVR (9) (9) — — (9) Derivatives (net amount) 13.8 405 405 — 405 — The market value of the net financial debt carried by Orange was estimated at 30.1 billion euros at December 31, 2020, for a book value of 23.5 billion euros. December 31, 2020 (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 5,645 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) 13.8 (510) (510) — (510) — Accounting policies The fair values of financial assets and liabilities in the statement of financial position have been classified based on three hierarchy levels: – – – The fair value of the financial assets at fair value through other comprehensive income For financial assets at amortized cost ("AC"), Among financial assets at fair value through profit or loss The fair value of UCITS is the latest net asset value. The fair value of equity 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 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 items. 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 the indebtedness and liquidity risk described in Note 14, CVA and DVA estimates are not material compared with the measurement of the related financial instruments. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity. | |
Equity | Note 15 Equity At December 31, 2022, 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, 2022, 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 2022 fiscal year. 15.2 Treasury shares As authorized by the Shareholders’ Meeting of May 19, 2022, the Board of Directors instituted a new share buyback program (the 2022 Buyback Program) and canceled the 2021 Buyback Program, with immediate effect. This authorization is granted for a period of 18 months as from the aforementioned Shareholders’ Meeting. The 2022 Buyback Program is described in the Orange Universal Registration Document (URD) filed with the French Financial Markets Authority ( Autorité des marchés financiers (in number of shares) December 31, December 31, December 31, 2022 2021 2020 Free share award plans (1) 1,285,171 2,009,500 1,095,099 Liquidity contract 680,000 — 170,000 Total treasury shares 1,965,171 2,009,500 1,265,099 (1) During the fiscal year 2021, Orange bought back and delivered treasury shares to the beneficiaries of the Together 2021 Employee Shareholding Plan. At the same time, Orange repurchased shares mainly under the Long-Term Incentive Plans (LTIP) (see Note 6.3). 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 date Payment Total per share method (in millions (in euro) of euros) 2022 Board of Directors Meeting on July 27, 2022 2022 interim dividend 0.30 December 7, 2022 Cash 797 Shareholders' Meeting on May 19, 2022 Balance for 2021 0.40 June 9, 2022 Cash 1,063 Total dividends paid in 2022 1,861 2021 Board of Directors Meeting on July 28, 2021 2021 interim dividend 0.30 December 15, 2021 Cash 797 Shareholders' Meeting on May 18, 2021 Balance for 2020 0.50 June 17, 2021 Cash 1,330 Total dividends paid in 2021 2,127 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 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 repurchases of subordinated notes are presented below: Initial issue date Initial Initial Initial Rate December Issue December Issue December Residual nominal nominal currency 31, 2020 Redemp- 31, 2021 Redemp- 31, 2022 nominal value value (in millions tion (in millions tion (in millions value (in millions (in millions of euros) of euros) of euros) (in millions of currency) of euros) of currency) 2/7/2014 1,000 1,000 EUR 4.25 % — — — — — — 2/7/2014 1,000 1,000 EUR 5.25 % 1,000 — 1,000 — 1,000 1,000 2/7/2014 650 782 GBP 5.88 % 514 (514) — — — — 10/1/2014 1,000 1,000 EUR 4.00 % 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 % 721 (174) 547 (547) — — 4/15/2019 1,000 1,000 EUR 2.38 % 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 — 700 700 5/11/2021 500 500 EUR 1.38 % — 500 500 — 500 500 Issues and purchases of subordinated notes 5,803 (306) 5,497 (547) 4,950 All notes, listed on Euronext Paris, are deeply subordinated notes (senior compared to ordinary shares) i.e. : 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, remuneration 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/repurchases 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. Issues of subordinated notes – 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. – 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 pound sterling for the issue of February 7, 2014 and 0.7782 pound sterling for the issue of October 1, 2014) and will not be remeasured through the life of the note. On November 21, 2022, Orange launched a redemption offer for the 426 million pounds sterling remaining on the tranche with an initial nominal value of 600 million pounds sterling (i.e. 547 million euros of an initial historical value of 771 million). On November 30, 2022, following this offer, the Group was able to repurchase 387 million pounds sterling of these subordinated notes (historical value of 496 million euros). The nominal amount remaining after this purchase, i.e. 39 million pounds sterling (historical value of 50 million euros), represented less than 10% of the initial nominal amount. In accordance with the agreement, this allowed Orange to announce on December 1, 2022 its intention to exercise its early redemption option on the remaining amount outstanding on January 17, 2023. Accordingly, the remaining amount outstanding of these subordinated notes in pounds sterling was reclassified to short-term financial liabilities at December 31, 2022 (the redemption having taken place on January 17, 2023). – 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. – 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 (respectively, under visa nos. 14-036, 14-525, 19-152 and 19-442). 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 was 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, 2019 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). – Orange has a call option on this tranche from May 11, 2029 (first date for the revision of the rates of the tranche in question) and upon the occurrence of certain contractually defined events. This issuance of subordinated notes was the subject of a prospectus approved by the AMF on May 7, 2021 (visa no. 21-141). 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: 2022 2021 2020 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 % — — — — — — 2/7/2014 1,000 1,000 EUR 5.25 % (53) (53) (53) (53) (53) (53) 2/7/2014 650 782 GBP 5.88 % — — (32) (36) (47) (55) 10/1/2014 1,000 1,000 EUR 4.00 % — — (3) (3) (21) (21) 10/1/2014 1,250 1,250 EUR 5.00 % (63) (63) (63) (63) (63) (63) 10/1/2014 600 771 GBP 5.75 % (41) (49) (33) (38) (36) (39) 4/15/2019 1,000 1,000 EUR 2.38 % (24) (24) (24) (24) (24) (24) 9/19/2019 500 500 EUR 1.75 % (9) (9) (9) (9) (4) (4) 10/15/2020 700 700 EUR 1.75 % (12) (12) (12) (12) — — 5/11/2021 500 500 EUR 1.38 % (7) (7) — — — — Subordinated notes remuneration classified in equity (215) (238) — (258) Coupons on subordinated notes reclassified as short-term borrowings 2 — — (21) Subordinated notes remuneration paid (213) (238) — (279) 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 2022, 29 million euros in 2021 and (2) million euros in 2020. 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 remeasured. 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 ( TDIRA 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 adjustments (in millions of euros) 2022 2021 2020 Gain (loss) recognized in other comprehensive income during the period (370) 196 (414) Reclassification to net income for the period (4) 4 0 Total translation adjustments (374) 200 (414) (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Polish zloty 603 645 668 Egyptian pound (1) (730) (444) (503) Slovak Koruna 220 220 220 Leone (217) (150) (143) Other (134) (155) (327) Total translation adjustments (258) 116 (85) o/w share attributable to the owners of the parent company (455) (96) (256) o/w share attributable to non-controlling interests 198 211 171 (1) Includes the effects of the devaluation of the Egyptian pound in 2022. 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 Romania – euros and in the Democratic Republic of the Congo – American 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: – – – 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 discontinuation of all, or part of, that activity. The decrease in the carrying value of a foreign operation, either due to its own losses or because of the recognition of an impairment loss, does not result in a reclassification through profit or loss of the accumulated translation adjustments. Reclassification 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) 2022 2021 2020 Credit part of net income attributable to non-controlling interests (a) 509 577 297 o/w sub-group Sonatel 269 243 197 o/w group Orange Polska 94 222 — o/w sub-group Orange Côte d'Ivoire 50 53 43 o/w Médi Telecom 33 19 10 o/w Jordan Telecom 29 16 11 o/w group Orange Belgium 20 12 26 Debit part of net income attributable to non-controlling interests (b) (38) (33) (63) o/w sub-group Romania (33) — — o/ w Orange Bank — (22) (51) o/ w group Orange Polska — — (3) Total part of net income attributable to non-controlling interests (a) + (b) 471 545 233 Credit part of comprehensive income attributable to non-controlling interests (a) 524 612 256 o/w sub-group Sonatel 263 263 176 o/w group Orange Polska 114 215 — o/w sub-group Orange Côte d'Ivoire 52 55 39 o/w Jordan Telecom 39 27 — o/w Médi Telecom 24 23 — o/w group Orange Belgium 19 13 25 Debit part of comprehensive income attributable to non-controlling interests (b) (37) (31) (98) o/w sub-group Romania (31) — — o/ w Orange Bank — (22) (50) o/w group Orange Polska — — (35) o/ w Jordan Telecom — — (3) Total part of comprehensive income attributable to non-controlling interests (a) + (b) 487 580 158 (in millions of euros) 2022 2021 2020 Dividends paid to non-controlling interests 328 218 225 o/w sub-group Sonatel 185 166 165 o/w sub-group Orange Côte d'Ivoire 51 29 9 o/w Orange Polska 35 — — o/w Médi Telecom 33 — 24 o/w Jordan Telecom 18 11 9 o/w group Orange Belgium — 7 14 (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Credit part of equity attributable to non-controlling interests (a) 3,183 3,030 2,653 o/w group Orange Polska 1,250 1,170 953 o/w sub-group Sonatel 907 826 755 o/w sub-group Orange Côte d'Ivoire 253 257 230 o/w sub-group Romania (1) 217 267 — o/w Jordan Telecom 193 171 154 o/w Médi Telecom 140 148 127 o/w group Orange Belgium 155 138 285 Debit part of equity attributable to non-controlling interests (b) (11) (10) (10) Total equity attributable to non-controlling interests (a) + (b) 3,172 3,020 2,643 (1) Includes the effect of the integration of Telekom Romania Communications from 30 September, 2021. In 2022, there were no significant changes in the scope of non-controlling interests. In 2021, the main movements in non-controlling interests related to the purchase of Orange Belgium minority interests, mainly under the public tender offer launched in April 2021, as well as the purchase of the remaining minority interests in Orange Bank and the acquisition of 54% of Telekom Romania Communications by Orange Romania in September 2021 (see Note 3.2). 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 remeasured 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 shareholders of a controlled entity 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 The Group net income used to calculate basic and diluted earnings per share is determined according to the following method: (in millions of euros) 2022 2021 2020 Net income - basic 2,146 233 4,822 Effect of subordinated notes (200) (225) (255) Net income attributable to the owners of the parent company - basic (adjusted) 1,946 8 4,567 Impact of dilutive instruments: TDIRA 12 — 9 Net income attributable to the owners of the parent company - diluted 1,957 8 4,577 Number of shares The weighted average number of shares used to calculate the basic and diluted earnings per share is presented below: (number of shares) 2022 2021 2020 Weighted average number of ordinary shares outstanding 2,658,328,369 2,656,981,542 2,656,122,534 Impact of dilutive instruments on number of ordinary shares: TDIRA 27,269,551 — 26,945,386 Free share award plans (LTIP) 1,233,198 776,743 720,936 Weighted average number of shares outstanding - diluted 2,686,831,119 2,657,758,285 2,683,788,856 The average market price of the Orange share is higher than the fair value adopted under the free share award plans for all periods presented (see Note 6.3). The number of shares corresponding to this difference was thus dilutive at the reporting date of the periods presented. At December 31, 2022 (as at December 31, 2020), the TDIRAs were included in the calculation of diluted net earnings per share since they are dilutive. At December 31, 2021, the TDIRAs were not included in the calculation of diluted net earnings per share (lower consolidated net income in 2021) since they were anti-dilutive. Earnings per share (in euros) 2022 2021 2020 Earning per share - basic 0.73 0.00 1.72 Earning per share diluted 0.73 0.00 1.71 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 (telecom activities) | 12 Months Ended |
Dec. 31, 2022 | |
Unrecognized contractual commitments (telecom activities) | |
Unrecognized contractual commitments (telecom activities) | Note 16 Unrecognized contractual commitments (telecom activities) Only the contractual commitments and off-balance sheet commitments of the entities controlled by the Group are presented below. At December 31, 2022, Orange 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 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 12,462 5,097 4,851 2,514 Operating leases commitments 148 45 76 26 Handsets purchase commitments 2,573 1,820 746 6 Transmission capacity purchase commitments 1,621 236 585 800 Other goods and services purchase commitments 5,036 1,785 2,270 981 Investment commitments 1,559 858 587 114 Public Initiative Networks commitments (1) 63 13 20 30 Guarantees granted to third parties in the ordinary course of business 1,462 338 567 556 (1) Including unrecognized contractual commitments carried by Orange SA in the context of the deployment of the High and Very High Speed network in France. The unrecognized contractual commitments relating to Orange Concessions' group are presented in Note 11.3. Lease commitments Lease commitments include property leases relating to contracts for which the underlying asset will be available after December°31, 2022 and leases for which the Group applies the exemptions allowed by IFRS 16 (see Note 9). (in millions of euros) Minimum future lease payments Property lease commitments 122 o/w technical activities 32 o/w shops/offices activities 90 Maturities are set forth below: (in millions of euros) Minimum Less than Between Between Between Between More than future one year one and two and three and four and five years lease two years three years four years five years payments Property lease commitments 122 35 24 16 19 6 22 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. Property lease commitments in France represent 31% of all property lease commitments. Handsets purchase commitments Handsets purchase commitments amounted to 2,573 million euros at December 31, 2022 and correspond mainly to the balance of commitments relating to contracts signed in 2021 and spread over a 3 year period. Transmission capacity purchase commitments Transmission capacity purchase commitments at December 31, 2022 represented 1,621 million euros. They include an agreement on the use of an FTTH network in Spain for 849 million euros and 364 million euros for the provision of satellite transmission capacity (the maturity of these commitments extends until 2026, depending on the contract). Other purchase commitments goods and services The Group’s other purchase commitments for goods and services mainly relate to network operation and maintenance. At December 31, 2022, these commitments included: – – – – – – – – Investment commitments At the end of December 2022, investment commitments amounted to 1,559 million euros. In addition of commitments expressed in monetary terms, the Group has made commitments to national regulatory authorities, such as ensuring a certain coverage of the population by its fixed and mobile networks, particularly in connection with the assignment of licenses and in respect of quality of service. These commitments will require capital expenditure in future years to roll out and enhance the networks. They are not shown in the above statement of commitments related to operating activities 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: − – a network coverage obligation of 7 predefined zones by 2025; – an obligation to provide two sites by 2024. – – the roll-out 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), 25% of which 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 Mbits/s per segment 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 and major roads by the end of 2027, – the provision of differentiated services and the activation of the IPv6 (Internet Protocol version 6) network protocol. In addition, the commitments made by Orange to participate in the first stage of the procedure, which enabled it 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 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 roll-outs. – – Orange proposed to commit to ensuring that, within its FTTH roll-out scope in the AMII (Appel à manifestation d’intérêt – Call for Investment Intentions) area, and unless refused by third parties, 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 an opinion from Arcep, these proposals were accepted by the government in July 2018; – outside of the AMII area, Orange proposed that it make roll-out commitments as part of AMEL (Appel à manifestation d'engagements locaux – Call for Local Commitments) procedures in 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 per operator by 2029; – the widespread roll-out of 4G by the end of 2020 on almost all existing mobile sites; – acceleration of the coverage of transportation routes, ensuring that the main roads and railways 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 provision of telephone coverage indoors, proposing voice over Wi-Fi, SMS over Wi-Fi offers and on-demand offers involving the indoor coverage of buildings; – improved reception quality across France, particularly in rural areas, with good coverage (according to Arcep Decision No. 2016-1678 relating to publications providing information on mobile coverage) by 2024–2027. – – coverage obligations in “priority roll-out areas” (40% of the country within 5 years, 92% within 12 years and 97.7% within 15 years) and in “white areas” not yet covered by a broadband network (100% within 12 years), at the level of priority main roads (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; – 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: − – a network coverage obligation of the population with an outdoor download quality of service of 6 Mbits/s (70% within one year, 99.5% within 2 years and 99.8% within 6 years); – a coverage obligation for 15 railway lines with a minimum speed of 10 Mbits/s for 98% of locations by the end of 2024. − − – a network coverage obligation of 95% in 80 municipalities classified as "white areas" (60 municipalities within 4 years and 80 within 6 years); – an indoor network coverage obligation of 70% of the population with a minimum speed of 92 kb/s in rural areas and 85 kb/s in urban areas within 6 years; – a network coverage obligation of 95% of the modern railway network and highways including new projects under construction (85% within 4 years and 95% within 6 years); – a network coverage obligation of 85% of international airports with a minimum speed of 100 Mbits/s within 2 years; – an obligation to develop 2,000 network stations allowing a minimum network speed of 100 Mbits/s nationwide (including 200 stations to be built in Bucharest within 2 years, 500 stations to be built outside Bucharest within 2 years, 1,200 stations to be built outside Bucharest within 4 years and 1,800 stations to be built outside Bucharest within 8 years). – – a network coverage obligation of municipalities with a population of more than 50,000 (30% in one year, 70% in 3 years and 100% in 4 years); – network coverage obligation of airports, ports, railway stations and main roads for municipalities with more than 50,000 inhabitants by the end of 2025. – – an obligation to provide 5G services using a new radio access network within 2 years of the award; – In Africa & Middle-East: – – – Non-compliance with these obligations could result in fines and other sanctions, ultimately including the withdrawal of licenses awarded. Management believes that the Group is able to fulfill these commitments to the government authorities. 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 1,462 million euros at December°31, 2022. They include 739 million euros of performance guarantees granted to some of its B2B customers, in particular in the context of network security and remote access. 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 material. 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 by comparison with 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 disposal agreements between Group companies and the acquirers of certain assets, the Group is subject to warranty clauses relating to assets and liabilities. Nearly all material disposal agreements provide for caps on these warranties. At December 31, 2022, the main warranties in effect are as follows: – 50/50 – – – Orange believes that the risk of all these warranties being enforced is remote or that the potential consequences of their being enforced are not material with respect to the Group’s results and financial position. Asset and liability warranties received in relation to acquisitions Under the terms of acquisition agreements between Group companies and the transferors of certain assets, the Group has received warranty clauses relating to assets and liabilities. Nearly all material acquisition agreements provide for caps on these warranties. At December 31, 2022, the main warranties in effect are as follows: – Orange believes that the risk of all these warranties being enforced is remote or that the potential consequences of their being enforced 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 ongoing commitments at December 31, 2022 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 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. Orange Concessions Under the terms of the shareholders' agreement signed on March 27, 2021, which became effective on November 3, 2021, with the HIN consortium (made up of La Banque des Territoires, Caisse des Dépôts, CNP Assurances and EDF), Orange has a call option that can be exercised in fiscal year 2026 enabling it to acquire at market value 1% of the voting rights of Orange Concessions, subject to the award of the authorizations. FiberCo in Poland Under the terms of the shareholders' agreement with APG Group signed on April 11, 2021, Orange has a call option that can be exercised from fiscal year 2027 giving it the right to purchase at market value 1% of the share capital of Światłowód Inwestycje Sp.z o.o., subject to the award of the authorizations. 16.3 Financing commitments The Group’s main commitments related to financial payables are set out in Note 14. Orange has pledged (or given as guarantees) certain investment securities and other assets to financial lending institutions or used them as collateral to cover bank loans and credit facilities. Guarantees granted to some lenders 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, 2022 Orange had no material pledges on its subsidiaries’ securities. (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Assets held under leases 1,134 998 716 Non-current pledged, mortgaged or receivership assets (1) 20 21 20 Collateralized current assets 2 2 2 Total 1,157 1,021 739 (1) Non-current pledged, mortgaged or receivership assets are shown excluding cash collateral deposits, which are presented in Note 13. Non-current pledged or mortgaged assets comprise the following assets given as guarantees: Total in statement of Amount of asset pledged, Percentage (in millions of euros) financial position (a) mortgaged or receivership (b) (b)/(a) Intangible assets, net (excluding goodwill) 14,892 19 — % Property, plant and equipment, net 31,630 2 — % Non-current financial assets 977 — — Other (1) 34,480 — — Total 81,978 20 — % (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, 2022 | |
Mobile Financial Services activities | |
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 the Orange group’s consolidated financial statements and therefore differ from a presentation that complies with the banking format. In order to improve the readability of financial statements and to distinguish the performance of telecom activities from Mobile Financial Services activities performance, the notes on financial assets, liabilities and results are split to reflect these two business scopes. Thus Note 13 presents the assets, liabilities and results specific to telecom activities and Note 17 focuses on the financial assets and liabilities of Mobile Financial Services, as its financial result is not material. The following table reconciles the balances of assets and liabilities for each of these two scopes (intra-group transactions between telecom activities and Mobile Financial Services are not eliminated) with the consolidated statement of financial position at December 31, 2022. (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 Finance Services activities 656 — 656 17.1.1 — Non-current financial assets 977 1,004 13.7 — (27) (1) Non-current derivatives assets 1,458 1,342 13.8 116 17.1.3 — Current financial assets related to Mobile Financial Services activities 2,742 — 2,747 17.1.1 (6) Current financial assets 4,541 4,541 13.7 — — Current derivatives assets 112 112 13.8 — 17.1.3 — Cash and cash equivalents 6,004 5,846 14.3 158 — Non-current financial liabilities related to Mobile Finance Services activities 82 — 109 17.1.2 (27) (1) Non-current financial liabilities 31,930 31,930 13.3 — — Non-current derivatives liabilities 397 335 13.8 62 17.1.3 — Current financial liabilities related to Mobile Financial Services activities 3,034 — 3,034 17.1.2 — Current financial liabilities 4,702 4,708 13.3 — (6) Current derivatives liabilities 51 51 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 Mobile Financial Services and therefore of the Group is not material, only Orange Bank data is presented in detail below. Accounting policies Since the concept of current or non-current does not exist 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 example, 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 recorded as current financial assets. 17.1.1 Financial assets related to Orange Bank transactions (excluding derivatives) The financial assets related to the transactions of Orange Bank break down as follows: (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Non-current Current Total Total Total Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss 3 — 3 3 2 Investments securities 3 — 3 3 2 Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss 294 3 296 441 540 Debt securities 294 3 296 441 540 Financial assets at fair value through profit or loss 50 — 50 73 94 Investments at fair value — — — — — Cash collateral paid 42 — 42 59 74 Other 8 — 8 14 20 Financial assets at amortized cost 309 2,712 3,021 2,752 2,651 Fixed-income securities 309 1 310 387 579 Loans and receivables to customers — 2,517 2,517 2,297 2,000 Loans and receivables to credit institutions — 191 191 66 70 Other — 2 2 1 2 Total financial assets related to Orange Bank activities 656 2,714 3,370 3,268 3,288 Debt securities measured at fair value through other comprehensive income that will be reclassified to profit or loss (in millions of euros) 2022 2021 2020 Debt securities measured at fair value through other comprehensive income that will be reclassified to profit or loss - in the opening balance 441 540 656 Acquisitions 405 732 386 Repayments and disposals (538) (839) (500) Changes in fair value (12) — 1 Other items — 7 (3) Debt securities measured at fair value through other comprehensive income that will be reclassified to profit or loss - in the closing balance 296 441 540 (in millions of euros) 2022 2021 2020 Profit (loss) recognized in other comprehensive income during the period (2) 1 1 Reclassification adjustment in net income during the period — — — Other comprehensive income related to Orange Bank (2) 1 1 Loans and receivables of Orange Bank Loans and receivables of Orange Bank are composed of loans and receivables with 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, 2022 2021 2020 Overdrafts (1) 900 828 802 Housing loans 956 914 869 Investment loans 72 86 129 Installment receivables (2) 519 422 183 Current accounts 28 5 10 Other 42 42 7 Total loans and receivables to customers 2,517 2,297 2,000 Overnight deposits and loans 83 2 — Loans and receivables 44 45 52 Other 64 19 18 Total loans and receivables to credit institutions 191 66 70 (1) Since October 2020, Orange Bank has been engaged in a self-subscribed securitization program of a portfolio of French personal loans for approximately 600 million euros. (2) Purchase of Orange Spain receivables. Accounting policies Financial assets – Certain equity securities which are not consolidated or equity-accounted and cash investments such as negotiable debt securities, deposits and money market UCITS, which are compliant with the Group’s liquidity risk management policy, may be designated by Orange Bank as being recognized at fair value through profit or loss. These assets are recognized at fair value at initial recognition and subsequently. All changes in value are recorded in profit or loss. – Equity securities which are not consolidated or equity-accounted are, subject to exceptions, recognized as assets at fair value through other comprehensive income that will not be reclassified to profit or loss. They are recognized at fair value at initial recognition and subsequently. Temporary changes in value and gains (losses) on disposals are recorded as other comprehensive income that will not be reclassified to profit or loss. – Assets at fair value through other comprehensive income that may be reclassified to profit or loss mainly include investments in debt securities. They are recognized at fair value at initial recognition and subsequently. Temporary changes in value are recorded in other comprehensive income that may be reclassified to profit or loss. In case of disposal, the cumulative gain (or loss) recognized in other comprehensive income that may be reclassified to profit or loss is then reclassified to profit or loss. – This category primarily comprises various loans and receivables as well as fixed-income securities held for the purpose of collecting contractual flows. These instruments are recognized at fair value at initial recognition and are subsequently measured at amortized cost using the effective interest method. 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, lease receivables, financing commitments and financial guarantees given are systematically subject to impairment or a provision for an expected credit loss. These impairment losses and provisions are recorded as soon as loans are granted, commitments are concluded or bonds are purchased, without waiting for the appearance of an objective indication of impairment. To do this, the financial assets concerned are divided into three categories according to the change in credit risk observed since their initial recognition and an impairment loss 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, 2022 December 31, 2021 December 31,2020 Payables to customers 1,787 1,796 1,883 Debts with financial institutions (1) 837 1,009 885 Deposit certificate 325 356 358 Cash collateral deposit 82 — — Other (2) 112 27 30 Total Financial liabilities related to Orange Bank activities (3) 3,143 3,188 3,155 (1) Including 661 million euros related to TLTRO refinancing. (2) Including 85 million euro of rate hedging credit portfolios reassessment. (3) Including 110 million euros of non-current liabilities in 2022, 27 million euros of non-current financial liabilities in 2021 and 28 million euros in 2020. Payables related to Orange Bank transactions are composed of customer deposits and bank's payables with credit institutions. (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Current accounts 680 764 949 Passbooks and special savings accounts (1) 1,010 995 908 Other 97 37 26 Total payables to customers 1,787 1,796 1,883 Term borrowings and advances 700 667 615 Securities delivered under repurchase agreements 137 331 270 Other — 11 — Total debts with credit institutions 837 1,009 885 (1) 17.1.3 Derivatives qualified as fair value hedges The main unmatured fair value hedges at the end of 2022 set up by Orange Bank concern the following interest rate swaps: – – – – – The ineffective portion of these hedges recognized in profit or loss in 2022 is not material. Cash flow hedge derivatives At January 1, 2020, Orange Bank had documented a micro-hedging of its issues through interest rate swaps which, at the end of 2022, 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 most 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 most significant of these risks are: – – – – – – − 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 of June 26, 2013. Orange Bank is not involved with complex products. For market transactions, the bank’s Executive Committee sets the limits while the Risk Management Department monitors compliance with these limits and 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, to identify and asset 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, on the recommendation of the Risk Management Department, establishes the institution’s risk policy, which is formalized through the risk appetite framework, and ensures its proper implementation. The Risk Management Department analyzes and monitors risk, carries out the necessary controls and produces reports for various committees: The Credit Committee (management of credit and counterparty risk), the Risk and Audit Committee (management of operational risks), the Financial Security and Compliance Committee (management of non-compliance risk), the ALM Committee (management of market, interest rate and liquidity risk) and the Executive Committee. 17.2.1 Credit risk and counterparty risk management Since July 2022, Orange Bank has began migrating its consumer credit distribution platform, previously hosted by Franfinance (Société Générale Group), to Younited Credit. The roll-out is expected to be completed in 2023. The bank will thus benefit from new technologies for credit risk management (risk-based pricing, open banking scoring, anti-fraud tools). At the end of December 2022, the cost of risk of Orange Bank amount to 42 million euros, including 6 million euros in France and 35 million euros in Spain. Excluding exceptional adjustments (reversal of Covid provisions or review of models), the cost of risk is 14 million euros for France and 32 million euros for Spain. In France, the cost of risk is mainly concentrated in demand deposit accounts due to the increase in outstanding debit balances and the increase in the number of accounts managed by the bank. In Spain, the cost of risk is mainly related to the increase in Orange Spain’s mobile handset financing outstandings from 469 million euros at December 31, 2021 to 594 million euros at December 31, 2022. The bank has also continued to review provisioning models to adapt them to the new configuration of the credit portfolio and to recent crises. This led to an adjustment of provisioning levels at December 31, 2022 in order to take better account of the current macroeconomic context (war in Ukraine, rising interest rates, inflation). The bank has thus reviewed the forward-looking impact on its provisions, which amount to 3 million euros in France and 4 million euros in Spain at the end of 2022, compared with 11 million euros in 2021 (provision related to the Covid-19 crisis), leading to an overall reversal of 4 million euros. 17.2.2 Market and interest rate risk management Orange Bank does not carry out proprietary trading operations. Its market activity mainly consists of investments to optimize liquidity management and purchases of interest rate hedges. The value of the securities portfolio continues to decrease in line with the bank’s strategy, market risk indicators remain stable and the associated risks are not material. Fixed-interest securities in investment portfolios are hedged. Orange Bank has no exposure classified as trading book. Interest rate risk, after the capital increase in November 2022, is less than 3% of CET1 (Common Equity Tier 1 capital). Finally, the basic risk is not material. 17.2.3 Liquidity risk management In 2022, Orange Bank continued to manage its liquidity in a prudent manner. At the end of December 2022, the net stable funding ratio (NSFR) is 133% and the LCR (short-term liquidity coverage ratio) reaches 373%. Nevertheless, 2022 was characterized by the increase in the liquidity deficit related to customer transactions. These increased from 640 million euros in early 2022 to 855 million euros at the end of December 31, 2022. The changes in this deficit can mainly be explained by loan production, while customer deposits are down, due to the extinctive management of certain portfolios (especially the enterprise activity). Orange Bank stepped up the diversification of its financing sources in anticipation of the growth in loan production and the slowdown of the ECB’s TLTRO programs, notably by entering into a partnership with Raisin. 17.2.4 Operational risk management At bank level, the operational risk guidance scope covers: – – Operational risk is managed by the permanent control and operational risk director, who reports to the Risk, Control and Compliance Director, who in turn reports directly to an effective Orange Bank staff manager. The bank’s operational risk management system is based on the collection of operational incidents and losses, risk mapping, scenario analyses and key risk indicators managed by the operational risk department and monitored within the context of the bank’s risk appetite. A record is kept of all of the bank’s operational incidents (proven risks), including IT, IT security and non-compliance risk. Incidents are reported as soon as they are detected by all bank employees in a dedicated IT tool. Where non-compliance incidents are identified, the Operational Risks Department notifies the Compliance Department, which is responsible for monitoring and managing them. The operational losses sustained by the entity in 2022 amounted to 2.3 million euros. They amounted to 1.3 million euros in 2021 and 1.4 million euros in 2020. The losses recorded in 2022 are mainly due to external fraud, as well as IT incidents, execution errors and commercial disputes. This change in the bank’s operational risk profile is a result of the diversification of the business and the numerous projects launched by the entity. Action plans have been defined jointly with the business lines to strengthen operational risk management while optimizing the bank’s processes to increase their resilience to the different types of risk mentioned above. 17.2.5 Non-compliance risk management Orange Bank’s Compliance function is part of the Compliance, Financial Security and Investment Services Compliance Department, whose Director is a member of the Executive Committee. This function is impartial and independent from the operational business lines to safeguard its objectivity. It is also a local function responsible for ensuring that all of the bank’s business lines adhere to the compliance system. The main mission of Compliance is to oversee the management of non-compliance risk. It ensures that the level of non-compliance risk to which Orange Bank is exposed is compatible with the guidelines and policies set by the Board of Directors in this area, as well as with the overall limits for financial, non-financial and operational risk (e.g. reputational risk, regulatory sanctions, etc.). In this context, Compliance implements all actions aimed at ensuring compliance with the requirements of external and internal standards (organization, processes, procedures). These actions take place along the entire value chain, from the execution of transactions by the various business lines to their monitoring by Compliance. As the first level of control, employees and their superiors identify the risks arising from their activity and comply with the procedures and limits set out in the General Procedures and operating procedures. They are in particular responsible for: − − − − − In particular, Compliance is responsible for overseeing: − − − In addition, the compliance function within Orange Bank mainly consists of: − − − − − − − Compliance also covers the areas of financial security and data protection, which are, from an organizational viewpoint, managed by the Head of Financial Security, who reports to the Director of Compliance, Financial Security and Investment Services Compliance. In relation to training and raising employee awareness, the Human Resources Department training unit, in conjunction with Compliance, establishes and monitors employee training courses, which are the foundation of the compliance system. Mandatory training programs are organized for all new arrivals. In 2022, 29 new employees participated in mandatory training provided in person (or via video conference due to the Covid crisis) by the Compliance Manager. Similarly, 69 new employees also received training in the fight against money laundering and terrorist financing. Furthermore, training programs on real estate loans, consumer credit and the claims management system are provided to the employees concerned. 17.2.6 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, 2023 2024 to 2028 2022 2027 and beyond Investments securities 17.1.1 3 — 3 — Debt securities 17.1.1 296 272 19 5 Investments at fair value 17.1.1 — — — — Fixed-income securities 17.1.1 310 86 89 136 Loans and receivables to customers 17.1.1 2,517 524 689 1,304 Loans and receivables to credit institutions 17.1.1 191 191 — — Other financial assets and derivatives 168 59 18 91 Total financial assets 3,485 1,132 818 1,536 Payable to customers 17.1.2 1,787 1,787 — — Debts with financial institutions 17.1.2 837 776 60 — Deposit certificate 17.1.2 325 119 206 — Other financial liabilities and derivatives 256 224 — 32 Total financial liabilities 3,205 2,906 266 32 17.2.7 Fair value of financial assets and liabilities of Orange Bank (in millions of euros) December 31, 2022 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 2,708 2,708 — 2,708 — Financial assets at amortized cost 17.1.1 AC 313 313 313 — — Financial assets at fair value through profit or loss 17.1.1 FVR 50 50 50 — — Debt securities 17.1.1 FVOCIR 296 296 296 — — Investments securities 17.1.1 FVOCI 3 3 3 — — Cash and cash equivalent (2) 17.1 AC 79 79 79 — — Financial liabilities related to Orange Bank activities 17.1.2 AC (3,143) (3,143) — (3,143) — Derivatives (net amount) (3) 17.1.3 54 54 — 54 — (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 depends on their hedging qualification. (in millions of euros) December 31, 2021 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 2,363 2,363 — 2,363 — Financial assets at amortized cost 17.1.1 AC 387 387 387 — — Financial assets at fair value through profit or loss 17.1.1 FVR 73 73 73 — — Debt securities 17.1.1 FVOCIR 441 441 441 — — Investments securities 17.1.1 FVOCI 3 3 3 — — Cash and cash equivalent (2) AC 360 360 360 — — Financial liabilities related to Orange Bank activities 17.1.2 AC (3,188) (3,188) — (3,188) — Derivatives (net amount) (3) (58) (58) — (58) — (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 depends on their hedging qualification. (in millions of euros) December 31, 2020 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 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) 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) (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 depends on their hedging qualification. 17.3 Orange Bank’s unrecognized contractual commitments As at December 31, 2022, 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, 2022 December 31, 2021 December 31, 2020 Financing commitments (1) 53 88 87 Guarantee commitments 5 6 8 On behalf of financial institutions 3 4 4 On behalf of customers 2 2 3 Property lease commitments — — — Total 59 94 94 (1) Corresponds to credit commitments granted to customers, credits granted but not yet released and unused portion of financing granted. Commitments received (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Received from financial institutions (1) 932 871 770 Received from customers 76 88 102 Total 1,008 959 872 (1) Corresponds to guarantees received from Crédit Logement to counter-guarantee the real estate loans distributed. Assets covered by commitments (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Assets pledged as security to lending financial institutions as guarantees for bank loans (1) 726 848 1,160 Total 726 848 1,160 (1) |
Litigation
Litigation | 12 Months Ended |
Dec. 31, 2022 | |
Litigation | |
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 security administrations over tax, income taxes or social security contributions. These disputes are described, respectively, in Notes 6.2 and 10.3, as appropriate. At December 31, 2022, the provisions for risks recorded by the Group for all its disputes (except those presented in Notes 6.2 and 10.3) amount to 387 million euros (versus 405 million euros at December 31, 2021 and 525 million euros at December 31, 2020). Orange believes that any disclosure of the amount of provisions on a case-by-case basis for ongoing disputes could seriously harm the Group’s position. The balance and overall movements in provisions are presented in Note 5.2. France Mobile services – – Fixed services – – – – Other proceedings in France – – – – United Kingdom – Poland – Regarding the first compensation claim of P4’s opponents for 316 million zlotys (68 million euros), in January 2022 the Polish Supreme Court dismissed Polkomtel’s appeal against the Court of Appeal’s decision which had reversed the judgment of the court dismissing P4’s claim. The proceedings are ongoing. Regarding the second compensation claim by P4 for 314 million zlotys (67 million euros), it has been suspended pending the settlement of the first claim. Romania – Africa & Middle-East – – – In order to provide its telecommunication services, the Group sometimes uses the fixed assets of other parties. The terms of use of these assets are not always formalized. The Group is sometimes subject to 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 the legal complexities involved. Other than proceedings that may be initiated in respect of disputes between Orange and the tax or social security authorities over tax, income taxes and social security contributions (see Notes 6.2 and 10.3), there are no other administrative, legal or arbitration proceedings, including any proceedings that are pending, suspended or threatened, of which Orange is aware, 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, 2022 | |
Subsequent events | |
Subsequent events | Note 19 Subsequent events Acquisition of OCS and Orange Studio by Canal+ Group Orange and the Canal+ Group have announced on January 9, 2023 the signature of a memorandum of understanding anticipating the acquisition by the Canal+ Group of all capital held by Orange in the OCS pay TV package and in Orange Studio, the film and series co-production subsidiary. The Canal+ Group will become the sole shareholder of both companies following this transaction. The operation will be notified to the French Competition Authority. |
Main consolidated entities
Main consolidated entities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subsidiaries [abstract] | |
Main consolidated entities | Note 20 Main consolidated entities At December 31, 2022, the scope of consolidation consisted of 384 entities. The main changes in the scope of consolidation in 2022 are presented in Note 3.2. Regarding subsidiaries with minority interests: – – Pursuant to Regulation No. 2016-09 of December 2, 2016 of the ANC ( Autorité des normes comptables financières (https://gallery.orange.com/finance#lang=en&v=5c6a1b51-a537-454e-b2d3-6e4664be2c6a) The list of the principal operating entities shown below was determined mainly 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 Générale de Téléphone 100.00 France Orange SA - France Business Unit 100.00 France Orange Caraïbe 100.00 France Orange Concessions and its subsidiaries (1) 50.00 France Europe % Interest Country Orange Belgium 78.32 Belgium Orange Espagne 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 Romania Communications and its subsidiary 53.58 Romania Orange Slovensko 100.00 Slovakia Africa & Middle-East % Interest Country Jordan Telecom and its subsidiaries 51.00 Jordan Médi Telecom and its subsidiaries (2) 49.00 Morocco Orange Botswana 73.68 Botswana Orange Burkina Faso 85.80 Burkina Faso Orange Cameroon 94.40 Cameroon Orange Côte d'Ivoire and its subsidairies 72.50 Côte d'Ivoire Orange Egypt for Telecommunications and its subsidiaries 99.96 Egypt Orange Guinée (3) 37.60 Guinea Orange Mali (3) 29.38 Mali Orange RDC 100.00 Congo Sonatel (3) 42.33 Senegal Enterprise % Interest Country Orange SA - Enterprise Business Unit 100.00 France Orange Business Services Participations and its subsidiaries 100.00 France Orange Cyberdefense and its subsidiaries 100.00 France Globecast Holding and its subsidiaries 100.00 France International Carriers & Shared Services % Interest Country Orange SA - IC&SS Business Unit 100.00 France FT IMMO H 100.00 France OCS 66.67 France Orange Brand Services 100.00 United Kingdom Mobile Financial Services % Interest Country Orange Bank 100.00 France Totem % Interest Country Totem France 100.00 France Totem Spain 100.00 Spain (1) Orange Concessions is consolidated using the equity method. (2) Orange SA controls and consolidates Médi Telecom and its subsidiaries through a 49% equity interest and a 1.1% usufruct. (3) 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). |
Decision of the IFRS IC concern
Decision of the IFRS IC concerning IAS 19 "Employee Benefits" on the calculation of obligations relating to certain defined benefit pension plans | 12 Months Ended |
Dec. 31, 2022 | |
Decision of the IFRS IC concerning IAS 19 "Employee Benefits" on the calculation of obligations relating to certain defined benefit pension plans | |
Decision of the IFRS IC concerning IAS 19 "Employee Benefits" on the calculation of obligations relating to certain defined benefit pension plans | Note 21 Decision of the IFRS IC concerning IAS 19 "Employee Benefits" on the calculation of obligations relating to certain defined benefit pension plans The IFRS Interpretations Committee (IC) was asked to comment on the calculation of defined benefit pension plans for which the granting of rights is conditional on the employee's presence in the Group at the time of retirement (with loss of all rights in the event of early retirement) and for which the rights depend on seniority, while being capped at a certain number of years of service. For plans reviewed by the IFRS IC, the cap may be reached at a date prior to retirement. In France, the interpretation of IAS 19 had led to the practice of measuring and recognizing the commitment on a straight-line basis over the employee's career with the Group. The commitment calculated in this way corresponds to the pro rata rights acquired by the employee at the time of retirement. The decision of the IFRS IC, published on May 24, 2021, concludes, in this case, that no rights are acquired in the event of departure before retirement age and that the rights are capped after a certain number of years of seniority ("X"), and the commitment would only be recognized for the last X years of the employee's career within the company. This decision was implemented by the Group at December 31, 2021 for plans falling within the scope of the Interpretation Committee's decision. The effect of this implementation mainly limited to retirement benefit plans in France. As the application of this decision constitutes a change in accounting policy, the effects of the implementation have been calculated retrospectively and have affected the opening equity. The effect of the implementation of this decision on the income statement is not material for the periods presented. The required information on employee benefits is presented in Note 6.2. – (in millions of euros) January 1, Effects January 1, 2019 Effects December 31, 2020 Effects December 31, 2019 of IFRS 2019 variation of IFRS 2019 variation of IFRS 2020 IC restated IC restated IC restated decision data decision data decision data Assets Deferred tax assets 2,893 (40) 2,853 (1,901) (12) 940 (261) (5) 674 Total non-current assets 82,446 (40) 82,406 (693) (12) 81,701 886 (5) 82,582 Total assets 104,302 (40) 104,262 2,439 (12) 106,689 992 (5) 107,676 Liabilities Equity attributable to owners of the parent company 30,671 114 30,785 1,054 35 31,875 2,670 13 34,557 o/w reserves (2,060) 114 (1,946) 985 — (961) 2,927 — 1,966 o/w other comprehensive income (571) — (571) 69 35 (467) (257) 13 (711) o/w deferred tax 232 — 232 (16) (12) 203 (4) (5) 195 o/w actuarial gains and losses (504) — (504) (107) 48 (563) (33) 18 (579) Equity attributable to non-controlling interests 2,580 — 2,580 107 — 2,687 (44) — 2,643 Total Equity 33,251 114 33,364 1,161 35 34,561 2,626 13 37,200 Non-current employee benefits 2,823 (153) 2,670 (269) (48) 2,353 (351) (18) 1,984 Total non-current liabilities 39,644 (153) 39,491 4,917 (48) 44,360 (2,160) (18) 42,182 Total equity and liabilities 104,302 (40) 104,262 2,439 (12) 106,689 992 (5) 107,676 |
Auditors' fees
Auditors' fees | 12 Months Ended |
Dec. 31, 2022 | |
Auditors' fees | |
Auditors' fees | Note 22 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 Deloitte subsidiaries 2022 8.8 4.6 — — 8.8 0.3 9.1 % 96 % 50 % — % — 97 % 3 % 100 % 2021 8.2 4.6 — — 8.2 0.1 8.4 % 98 % 55 % — % — 99 % 1 % 100 % KPMG 2022 10.9 4.3 0.1 — 11.0 0.9 11.9 % 92 % 36 % 1 % — 92 % 8 % 100 % 2021 9.9 4.4 0.2 0.2 10.1 0.4 10.5 % 94 % 42 % 2 % 2 % 96 % 4 % 100 % 2020 10.2 5.1 0.5 0.2 10.7 0.1 10.8 % 94 % 47 % 5 % 2 % 99 % 1 % 100 % EY 2022 — — — — — — — 2021 — — — — — 0.4 0.4 % — — — — — 100 % 100 % 2020 10.0 5.2 — — 10.1 0.4 10.5 % 96 % 50 % — % — % 96 % 4 % 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. |
Description of business and b_2
Description of business and basis of preparation of the consolidated financial statements (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Basis of preparation of the financial statements | 2.2 Basis of preparation of the financial statements The consolidated financial statements were approved by the Board of Directors at its meeting of February 15, 2023 and will be submitted for approval by the Shareholders' Meeting on May 23, 2023. The 2022 consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS) as endorsed by the European Union. Comparative figures are presented for 2021 and 2020 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’s financial statements. Consequently, the Group’s financial statements are prepared in accordance with the IFRS standards and interpretations, as published by the IASB. The principles applied to prepare the 2022 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 according to the weighted average unit cost method IAS 7 Interest paid and dividends received 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 3 Non-controlling interests At the acquisition date, measurement either at fair value or according to the portion of the identifiable net assets of the acquired entity – Topic Note Presentation of consolidated financial statements Financial statements and segment information Operating taxes and levies payables 10.1 Income taxes 10.2 Non-controlling interests: change in ownership interest in a subsidiary and transactions with owners 3 and 15.6 In the absence of any accounting standard or interpretation applicable to a specific transaction or event, the Group's 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 estimates and judgment | 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 3 and 20 Control Exercise of judgment in certain circumstances with respect to the existence or not of 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 4 Sales Splitting transaction price between mobile and service Identification of distinct or non-distinct performance obligations Notes 5, 10 and 18 Purchases and other expenses, tax and litigation Litigation (including tax disputes and audits): 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 5 Purchases and other expenses Reverse factoring: distinguishing operating debt and financial debt Note 8 Fixed assets Qualifying network, sites or equipment sharing among operators as joint operations Note 9 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, liabilities and financial results (telecom activities) Equity Distinguishing equity and debt: assessing specific contractual clauses 2.5.2 Use of estimates In preparing the Group's 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, 2022 may subsequently be changed. Topic Key sources of estimates on future income and/or cash flows Notes 4, 14 and 17 Sales Deciding duration of legally binding rights and obligations Notes 5, 10 and 18 Risk of resources outflow linked to litigation (including tax disputes and audits) Onerous contracts Underlying assumptions of the assessment of legal and tax positions Identifying and releasing of uncertain legal and tax positions Underlying assumptions of the assessment Notes 7.3, 7.4, 8.3, 8.4, 8.5 and 11 Measurement of the recoverable values for the impairment tests (goodwill, property, plant and equipment and intangible assets interests in associates and joint ventures) Sensitivity to the discount rate, perpetual growth rate and business plan assumptions affecting expected cash flows (revenue, EBITDAaL and investments) Assessing the competitive, economic and financial environment of the countries where the Group operates Note 10.2 Measurement of the recoverable value of deferred tax assets Assessing the time frame for recovering deferred tax assets when a tax entity returns to profit or when tax legislation limits the use of tax loss carryforwards Note 8 Fixed assets Assessing the useful life of assets based on changes 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) Site dismantling and restoration provisions: dismantling time frame, discount rate, expected cost Note 9 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 6.2 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, assessment 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 14). 2.5.3 Consideration of climate change risks Natural disasters and other accidental events related to climate change, such as fires, could lead to significant destruction of the Orange group's facilities, resulting in both service interruptions and high repair costs. The frequency and intensity of weather events related to climate change (e.g. floods, storms and heat waves) continue to increase, which could aggravate claims and increase the related damage. In the medium term, rising sea levels could affect sites and facilities located near the coast more often. While coverage of claims by insurers could decrease further, the damage caused by major disasters could result in significant costs to Orange, some of which could be at the expense of the Orange group and thus affect its financial position and outlook. The Group is therefore integrating climate change risks more systematically into its activities. This can be seen in the assessment of these risks on the value of some of its assets through their depreciation schedule or as an event that could lead to the identification of an impairment loss indicator or on the future prospects of obtaining financing. Consideration of climate risks is also reflected in the Group's commitment to Net Zero Carbon by 2040. This commitment has led to changes in certain investment choices related to its activity. Numerous projects have been initiated within the Group in order to understand the impacts of climate change on its operations. The implementation of actions to limit the effects of the Group's activities on climate change is also underway. The outcome of these projects could lead the Group to review certain accounting treatments, judgments or estimates of financial risks, the impact of which is still difficult to assess reliably. Climate resilience and adaptation are fast-growing topics and will requires the Group to better assess the risks to which it is exposed. The Group has begun a process of analysis in order to diagnose the exposure to climate risks of its various geographic locations based on the study of various impact scenarios related to climate change. At December 31, 2022, the Group had not identified any reliably estimated material impact on its financial statements at the stage of completion of the projects in progress. 2.5.4 Changes in the macroeconomic environment The judgment and the estimates made by the Group also take specific events into account. In the context of the war in Ukraine, the Group has paid particular attention to: – – – Provided that the conflict does not spread to other geographical areas, and given the Group’s limited presence in Ukraine as well as in Russia and Belarus, the direct impacts on the Group’s financial statements remain limited. |
New standards and interpretations applied | Only the amendments of the standards applicable to the Group whose effective date is January 1, 2022 are described below. 2.3.1 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 the income statement. This amendment was adopted by the Group on January 1, 2022 and has had no material effect on Orange’s consolidated financial statements. 2.3.2 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 amount of 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 Group adopted this amendment on January 1, 2022 and did not identify any material impacts during implementation of this amendment. 2.3.3 IFRS IC decision on implementation costs of a cloud computing agreement – IAS 38 The IFRS IC has specified the cases in which configuration and adaptation costs for software acquired as part of SaaS (“Software as a Service”) may be capitalized as intangible assets. In accordance with this decision, only services that result in the creation of an additional code controlled by the customer may be capitalized. Other services would be recognized as expenses for the period or as prepaid expenses. The method used to expense the implementation costs of the Group’s SaaS contracts complies with the accounting provisions set out by the IFRS IC in its decision. 2.3.4 Annual Improvements to IFRSs 2018–2020 Cycle The 2018–2020 cycle of annual improvements to IFRSs resulted in the IASB making minor amendments or clarifications to the standards: – – – – The changes to the above standards have no impact on the consolidated financial statements of the Orange group, either because they do not apply to the Group or because they clarify accounting treatments already adopted by the Group. |
Changes in scope of consolidation | Changes in the scope of consolidation Entities are fully consolidated if the Group has the following: – – – IFRS 10 requires the exercise of judgment and continuous assessment of the control situation. 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 are taken into account. |
Takeovers (business combinations) | Takeovers (business combinations) Business combinations are accounted for using the acquisition method: – – For each takeover involving an equity investment below 100%, the fraction of the interest not acquired (non-controlling interests) is measured: – – Costs directly attributable to the acquisition are recognized directly in operating expenses in the period in which they are incurred. When a takeover 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. |
Loss of exclusive control resulting from the partial disposal of consolidated shares | Loss of exclusive control resulting from the partial disposal of consolidated shares A loss of exclusive control by the Group over one of its subsidiaries results in the recognition in profit or loss of a capital gain or loss on the disposal, and in the remeasurement at fair value of the residual interest retained in accordance with the requirements of IFRS 10 applicable in the event of a loss of control. |
Internal transfer of consolidated shares | Loss of significant influence or joint control leading to the discontinuation of the equity method while retaining a residual interest A loss of significant influence or joint control by the Group over one of its associates or joint ventures while retaining a residual interest results in the recognition in profit or loss of a capital gain or loss on the disposal of the shares sold, and, in accordance with the provisions of IAS 28, the remeasurement at fair value of the residual interest retained. The fair value of the retained interest constitutes the entry value of the financial asset within the scope of IFRS 9. Internal transfer of consolidated shares The IFRS do not address the accounting treatment of a transfer of consolidated shares within the Group resulting in changes in ownership interest. The Group applies the following accounting policy: – – |
Assets held for sale | 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 entity concerned on 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 is a major component of a business segment, its contribution to the income statement is presented separately below “net income from continuing operations” and its cash flow contribution is presented in the statement of cash flows. |
Revenues | 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 services-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, value-added audio service, etc.). Some contracts are for a fixed term (generally 12 or 24 months), while others may be terminated at short notice (i.e. monthly arrangements or portions of services). 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). For some content services, 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 subscriptions 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 relating to commercial discounts (initial discount on signing the contract or conditional on reaching a consumption threshold) or items provided free of charge (for example: a free three-month subscription 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 subscription and communication offer. It is not generally separable from the subscription and communication offer and its invoicing 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 devices): 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 installments over a period of up to 24 months. Where payment is received in installments, 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 finance costs, net. 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 device) and services (e.g. a talk & text plan). 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 both a build and run phase For B2B customers, some contracts have two phases: build 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 build 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 being built, then revenues for this phase are recognized upon completion. These contracts are generally multi-year, with scalable offers. On each contract modification, we assess the scope of the modification and its impact on the contract price in order to determine whether the modification should be treated as a separate 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 wholesale customers for domestic wholesale activities or international carrier offers: – – – Current agreements between major transit carriers are not invoiced or cross-invoiced (“free peering”) and are therefore not recognized in revenue. – Quality of service commitment clause The contracts entered into by the Group and its customers include service level commitments regarding the processing of orders, delivery and after-sales support (delivery time, performance, recovery time). If the Group fails to comply with one of these commitments, it then compensates the customer, usually in the form of a price 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 in consideration of a right to receive compensation from either a public entity or users of the public service. This right is accounted for as: – – – Leases Orange’s lease revenue is related either to its regulatory obligations to lease technical sites to its competitors, to the supply of equipment in certain contracts with B2B customers, 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 revenue is recognized on a straight-line basis over the contract term, except for certain equipment leases to B2B customers, which are classified as finance leases; in such cases the equipment is considered sold on credit. |
Trade receivables | Trade receivables are mainly short-term with no stated interest rate and are measured in the statement of financial position at the par value of the receivable, in accordance with IFRS 15. Those trade receivables which include deferred payment terms over 12 or 24 months for customers buying a mobile phone are discounted and classified as current items in the statement of financial position. Receivables from B2B equipment finance leases 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: – – – Recognition of impairment losses for a group of receivables is the step preceding identification of impairment losses on individual receivables. As soon as information is available (customers in bankruptcy or subject to court-ordered liquidation), these receivables are then excluded from the statistical impairment database and individually impaired. The trade receivables may be part of non-recourse programs. When they are assigned to consolidated securitization mutual funds, they remain on the statement of financial position. Other disposals 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 | Customer contract net assets and liabilities The timing of income recognition may differ from the timing of 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 provided. In contrast, contract assets mainly refer to amounts allocated under IFRS 15 as consideration for goods or services provided to customers, but for which the right to collect payment is contingent on the provision of other services or goods under the same contract (or group of contracts). This is the case in a bundled offer combining the sale of a mobile phone and mobile telecommunication 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 the telecommunication service to the supply of the mobile phone. The excess 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, including to cover the risk of impairment loss 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 received for goods or services not yet provided, for example for subscriptions 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 | 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 subscription or invoice-indexed commission. Where the Group considers that these commissions are incremental and 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 a contract as an expense at the time they are incurred, if the amortization period of the asset that the Group would recognize for them does not exceed one year. The costs of obtaining fixed-period mobile services contracts are capitalized and expensed on a pro rata basis 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 services contracts for a pre-determined term for B2C market customers are expensed on a pro rata basis 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 | Costs to fulfill a contract 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 expensed on a pro rata basis over the enforceable period of the contract. At Group level, these costs mainly concern contracts for B2B customers, with, for example, design, installation, connection and migration costs 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 | 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 | 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 | 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 9). |
Litigation | 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 toward 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 at any time. 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 employees, 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 | Restructuring costs The adaptation of the Group's activities to changes in the environment may generate costs related to the discontinuation or major transformation of an activity. 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 | Network maintenance equipment and equipment intended for sale to customers are measured at the lower of cost or likely realizable net book 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 | Trade payables resulting from commercial transactions and settled in the normal operating cycle are classified as current items. They include payables that the supplier may have assigned, with or without notification, to financial institutions as part of 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 have the characteristics of trade payables, in particular due to the ongoing commercial relationship, the payment schedules ultimately consistent with the operating cycle of a telecommunication operator, in particular for the purchase of primary infrastructure, 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. |
Employee benefits | Post-employment benefits – – – – – – Other long-term employee benefits Termination benefits |
Share-based payment | Employee share-based compensation The determined amount is recognized in labor expenses on a straight-line basis over the vesting period, with corresponding entries for: – – |
Depreciation and amortization | 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 estsimated 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 | Given the nature of its assets and businesses, most of the Group’s individual assets do not generate cash inflows independent of those of the 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 discounted in perpetuity (and included in the business plan), less costs attributable to the brand’s owner. |
Other intangible assets | 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 recognized in other intangible assets and correspond to the right to charge users of the public service (see Note 4.1). |
Property, plant and equipment | Property, plant and equipment is made up of tangible fixed assets and financed assets. It mainly comprises network facilities and equipment. The gross value of property, plant and equipment is made up of its 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 and removing the fixed asset and restoring the site where it was located under the obligation incurred by the Group. The roll-out of assets by stage, particularly 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 fiber optic 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 or a posteriori) or through a line access. The sharing of rights and obligations between the various operators co-financing the last mile of networks is classified as a joint operation in accordance with IFRS 11 “Partnerships”: Orange only recognizes in its assets the portions (built or acquired) in networks that it has co-financed or built. The Group has entered into network sharing arrangements with other mobile operators on a reciprocal basis, which may cover passive infrastructure sharing, active network and even spectrum equipment. |
Fixed asset payables | These payables are generated from trading activities. The payment terms may be over several years in the case of infrastructure roll-out and license acquisition. Payables due in more than 12 months are presented in non-current items. Trade payables without specified interest rates are measured at par value if the interest component is negligible. Interest-bearing trade payables are recognized at amortized cost. Trade payables also include payables that the supplier may have disposed of, with or without notifying financial institutions, in a direct or reverse factoring arrangement (see Note 5.6). Firm commitments to purchase fixed assets are presented as unrecognized contractual commitments (see Note 16), net of any down payments which are recorded as down payments on fixed assets. |
Leases | The mandatory IFRS 16 “Leases,” has been applied within the Group since January 1, 2019. IFRS 16 defines a lease as a contract that conveys to the lessee the right to control the use of an identified asset. 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 obligations (see Notes 9.1 and 9.2). In the income statement, amortization of right-of-use assets (see Note 9.1) is presented separately from interest on lease liabilities. In the statement of cash flows, cash outflows relating to interest expenses impact cash flows provided by operating activities, while principal repayments on lease liabilities impact cash flows related to financing activities. For the lessor, assets subject to leases must be presented in the balance sheet according to the nature of the asset and the associated lease revenues as income on a straight-line basis over the lease term. When the Group carries out a transaction categorized 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 to offset a lease liability. Gains (losses) on disposal of fixed assets are recognized in the income statement in proportion to the rights actually transferred to the buyer-lessor. The adjustment of the gains (losses) on disposal recognized in the income statement for the share on which the Group retains its user rights via the lease corresponds 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, i.e. leases with a term of 12 months or less that are not automatically renewable and those where the replacement value of the underlying asset is less than approximately 5,000 euros. Leases covered by either of these two exemptions are presented in off-balance sheet commitments and an expense is recognized in “external purchases” in the 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 4 major categories of leases: − three − − − A right-of-use asset is recognized in assets, with a corresponding lease liability (see Note 9.2). 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. This right-of-use asset is depreciated in the income statement on a straight-line basis over the lease term chosen by the Group, in accordance with the lease terms defined in IFRS 16. 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. |
Income taxes | 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 | The carrying value of interests in associates or joint ventures corresponds to the initial acquisition cost plus the share of net income for the period. If an associate or joint venture incurs losses and the carrying value 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 whenever there is objective evidence of impairment loss, such as a decrease in the quoted price when the investee is listed, significant financial difficulty of the entity, observable data indicating 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 value, the recoverable amount being the higher of the value in use and the fair value less transaction costs. The unit of account is the whole investment. Any impairment loss is recognized in the “share of profits (losses) of associates and joint ventures”. Impairment losses can be reversed once the recoverable amount exceeds the carrying value. |
Related party transactions | Orange group’s related parties are listed below: – – – |
Cash and cash equivalents | Cash and cash equivalents The Group classifies investments as cash equivalents 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 | Bonds, bank loans and loans from multilateral lending institutions Among financial liabilities, only commitments to repurchase non-controlling interests are recognized at fair value through 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 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 liability, using the effective interest rate method. Some financial liabilities at amortized cost, mainly borrowings, are subject to hedging. This mainly relates to the hedging of payables in foreign currencies against the exposure of their future cash flows to foreign exchange risk (cash flow hedging). 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 remeasured. 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) | Some Group financial instruments include both a financial debt component and an equity component. This relates to perpetual bonds redeemable for shares (TDIRAs) The equity component, originally calculated as the difference between the notional value of the instrument and the fair value of the debt component, remains the same throughout the life of the instrument. Equity component of perpetual bonds redeemable for shares ( TDIRA 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 instruments | Derivatives 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 derivatives). Derivatives are classified as a separate line item in the statement of financial position. Trading derivatives are economic hedge derivatives not classified as hedges for accounting purposes. Changes in the value of these instruments are recognized directly in profit or loss. Hedge accounting is applicable when: – – There are three types of hedge accounting: – – – For transactions qualified as fair value hedges and for economic hedges, the foreign exchange impact of changes in the fair value of derivatives is booked in operating income when the underlying hedged item is a commercial transaction and in finance costs, net 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 of cross-currency swaps designated as cash flow hedges, the Group has chosen to designate these as hedging costs. This option enables recognition of these effects in other comprehensive income and amortization of the cost of the basis spread in profit or loss over the period of the hedge. |
Fair value measurement | The fair values of financial assets and liabilities in the statement of financial position have been classified based on three hierarchy levels: – – – The fair value of the financial assets at fair value through other comprehensive income For financial assets at amortized cost ("AC"), Among financial assets at fair value through profit or loss The fair value of UCITS is the latest net asset value. The fair value of equity 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 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 items. 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 the indebtedness and liquidity risk described in Note 14, CVA and DVA estimates are not material compared with the measurement of the related financial instruments. |
Treasury shares | 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 | 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 Romania – euros and in the Democratic Republic of the Congo – American 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: – – – 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 discontinuation of all, or part of, that activity. The decrease in the carrying value of a foreign operation, either due to its own losses or because of the recognition of an impairment loss, does not result in a reclassification through profit or loss of the accumulated translation adjustments. Reclassification of translation adjustments is presented in profit or loss within: – – – |
Non-controlling interests | 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 remeasured 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 shareholders of a controlled entity 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 | 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 | Since the concept of current or non-current does not exist 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 example, 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 recorded as current financial assets. |
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, lease receivables, financing commitments and financial guarantees given are systematically subject to impairment or a provision for an expected credit loss. These impairment losses and provisions are recorded as soon as loans are granted, commitments are concluded or bonds are purchased, without waiting for the appearance of an objective indication of impairment. To do this, the financial assets concerned are divided into three categories according to the change in credit risk observed since their initial recognition and an impairment loss is recorded on the amount outstanding of each of these categories, as follows: - - - |
Telecom activities, operating segment [member] | |
Document Information [Line Items] | |
Financial assets | Financial assets – Certain equity securities which are not consolidated or equity-accounted and cash investments such as negotiable debt securities, deposits and UCITS (Undertakings for Collective Investment in Transferable Securities), which are compliant with the Group's liquidity risk management policy, may be designated by Orange as recognized at fair value through profit or loss. These assets are recognized at fair value at initial recognition and subsequently. All changes in fair value are recorded in net financial costs, net. – Equity securities which are not consolidated or equity-accounted are, subject to exceptions, recognized as assets at fair value through other comprehensive income that will not be reclassified to profit or loss. They are recognized at fair value at initial recognition and subsequently. Temporary changes in value and gains (losses) on disposals are recorded as other comprehensive income that will not be reclassified to profit or loss. – This category mainly includes miscellaneous loans and receivables. These instruments are recognized at fair value at initial recognition 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's carrying value is higher than its recoverable amount. For these 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 | Financial assets – Certain equity securities which are not consolidated or equity-accounted and cash investments such as negotiable debt securities, deposits and money market UCITS, which are compliant with the Group’s liquidity risk management policy, may be designated by Orange Bank as being recognized at fair value through profit or loss. These assets are recognized at fair value at initial recognition and subsequently. All changes in value are recorded in profit or loss. – Equity securities which are not consolidated or equity-accounted are, subject to exceptions, recognized as assets at fair value through other comprehensive income that will not be reclassified to profit or loss. They are recognized at fair value at initial recognition and subsequently. Temporary changes in value and gains (losses) on disposals are recorded as other comprehensive income that will not be reclassified to profit or loss. – Assets at fair value through other comprehensive income that may be reclassified to profit or loss mainly include investments in debt securities. They are recognized at fair value at initial recognition and subsequently. Temporary changes in value are recorded in other comprehensive income that may be reclassified to profit or loss. In case of disposal, the cumulative gain (or loss) recognized in other comprehensive income that may be reclassified to profit or loss is then reclassified to profit or loss. – This category primarily comprises various loans and receivables as well as fixed-income securities held for the purpose of collecting contractual flows. These instruments are recognized at fair value at initial recognition and are subsequently measured at amortized cost using the effective interest method. |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment information | |
Schedule of segment information | (in millions of euros) France (1) Europe Spain (1) Other Eliminations European Europe countries (3) December 31, 2022 Revenue (4) 17,983 4,647 6,329 (14) Convergence services 4,857 1,870 959 — Mobile-only services 2,332 790 2,079 — Fixed-only services 3,787 (7) 436 783 — IT & integration services — 41 430 — Wholesale 4,938 878 964 (14) Equipment sales 1,323 632 927 — Other revenue 746 1 185 — External 17,238 4,586 6,219 — Inter-operating segments 745 61 109 (14) December 31, 2021 Revenue (4) 18,092 4,720 5,870 (11) Convergence services 4,697 1,870 850 — Mobile-only services 2,276 880 2,007 — Fixed-only services 3,872 (7) 435 652 — IT & integration services — 14 338 — Wholesale 5,313 900 998 (11) Equipment sales 1,226 621 869 — Other revenue 708 1 155 — External 17,489 4,672 5,776 — Inter-operating segments 603 48 94 (11) December 31, 2020 Revenue (4) 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 (7) 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) (1) Since January 1, 2022, Totem's figures are presented in a distinct operating segment. In 2021 and 2020, Totem's figures are included in France, Spain and International Carriers & Shared Services segments (see Note 1.1). (2) Including in 2022, revenue of 473 million euros in France and 212 million euros in Spain. (3) In 2021, the segment includes the contribution of Telekom Romania Communications since September 30, 2021. (4) The description of different sources of revenue is presented in Note 4.1. (5) Including, in 2022, revenue of 5,126 million euros in France, 19 million euros in Spain, 1,413 million euros in other European countries and 1,023 million euros in other countries. Including, in 2021, revenue of 5,118 million euros in France, 13 million euros in Spain, 1,294 million euros in other European countries and 1,331 million euros in other countries. 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. (6) Including revenue of 1,361 million euros in France, 1,353 million euros in 2021 and 1,305 million euros in 2020. (7) Including, in 2022, fixed only broadband revenue of 2,955 million euros and fixed only narrowband revenue of 831 million euros. Including, in 2021, fixed only broadband revenue of 2,862 million euros and fixed only narrowband revenue of 1,010 million euros. Including, in 2020, fixed only broadband revenue of 2,748 million euros and fixed only narrowband revenue of 1,212 million euros. (8) Including, in 2022, revenue of 1,018 million euros from voice services and revenue of 2,448 million euros from data services. Including, in 2021, revenue of 1,106 million euros from voice services and revenue of 2,527 million euros from data services. Including, in 2020, revenue of 1,237 million euros from voice services and revenue of 2,614 million euros from data services. (in millions of euros) Europe Africa & Enterpri-se (5) Totem (1)(2) International Eliminations Total Mobile Eliminations Orange Total Middle- East Carriers & telecom Financial telecom consolidated Shared activities Services activities / financial Services (1)(6) mobile statements financial services December 31, 2022 Revenue (4) 10,962 6,918 7,930 685 1,540 (2,538) 43,480 — (9) 43,471 Convergence services 2,830 — — — — — 7,687 — — 7,687 Mobile-only services 2,869 5,272 659 — — (38) 11,093 — — 11,093 Fixed-only services 1,219 800 3,466 (8) — — (150) 9,121 — (1) 9,120 IT & integration services 471 40 3,489 — — (184) 3,817 — (6) 3,811 Wholesale 1,828 663 41 685 1,060 (1,859) 7,356 — — 7,356 Equipment sales 1,559 104 275 — — (7) 3,255 — — 3,254 Other revenue 187 39 — — 480 (299) 1,152 — (2) 1,150 External 10,805 6,750 7,548 113 1,017 — 43,471 — — 43,471 Inter-operating segments 157 168 383 572 523 (2,538) 9 — (9) — December 31, 2021 Revenue (4) 10,579 6,381 7,757 n/a 1,515 (1,795) 42,530 — (7) 42,522 Convergence services 2,720 — — n/a — — 7,417 — — 7,417 Mobile-only services 2,887 4,884 636 n/a — (31) 10,652 — — 10,652 Fixed-only services 1,087 664 3,633 (8) n/a — (168) 9,089 — (1) 9,088 IT & integration services 352 31 3,195 n/a — (167) 3,411 — (4) 3,407 Wholesale 1,886 654 42 n/a 1,056 (1,249) 7,702 — — 7,702 Equipment sales 1,490 112 250 n/a — (8) 3,070 — — 3,070 Other revenue 157 36 — n/a 460 (172) 1,188 — (2) 1,186 External 10,449 6,216 7,371 n/a 998 — 42,522 — — 42,522 Inter-operating segments 131 165 386 n/a 517 (1,795) 7 — (7) — December 31, 2020 Revenue (4) 10,580 5,834 7,807 n/a 1,450 (1,855) 42,277 — (7) 42,270 Convergence services 2,717 — — n/a — — 7,276 — — 7,276 Mobile services only 3,038 4,420 649 n/a — (35) 10,317 — — 10,317 Fixed services only 1,083 562 3,851 (8) n/a — (177) 9,278 — — 9,277 IT & integration services 310 25 3,086 n/a — (164) 3,256 — (4) 3,252 Wholesale 1,924 695 45 n/a 1,038 (1,313) 8,255 — — 8,255 Equipment sales 1,375 89 175 n/a — (5) 2,821 — — 2,821 Other revenue 134 43 — n/a 412 (160) 1,073 — (2) 1,072 External 10,467 5,660 7,405 n/a 944 — 42,270 — — 42,270 Inter-operating segments 113 175 402 n/a 506 (1,855) 7 — (7) — 1.3 Segment revenue to consolidated net income in 2022 (in millions of euros) France Europe Other Elimina- Spain European tions Total countries (2) Europe Revenue 17,983 4,647 6,329 (14) 10,962 External purchases (7,429) (2,879) (3,684) 14 (6,550) Other operating income 1,229 97 270 — 367 Other operating expenses (486) (162) (187) — (350) Labor expenses (3,435) (266) (736) — (1,002) Operating taxes and levies (834) (140) (101) — (241) Gains (losses) on disposal of fixed assets, investments and activities — — — — — Restructuring costs — — — — — Depreciation and amortization of financed assets (107) — — — — Depreciation and amortization of right-of-use assets (254) (169) (201) — (371) Impairment of right-of-use assets — — — — — Interests on debts related to financed assets (5) (3) — — — — Interests on lease liabilities (5) (18) (17) (27) — (44) EBITDAaL (3) 6,645 1,111 1,662 — 2,772 Significant litigations (3) (3) — — — — Specific labour expenses (3) (330) — — — — Fixed assets, investments and businesses portfolio review (3) — — 29 — 29 Restructuring programs costs (3) (18) (8) (14) — (22) Acquisition and integration costs (3) — — (41) — (41) Depreciation and amortization of fixed assets (2,922) (1,107) (1,057) — (2,164) Impairment of goodwill — — (789) — (789) Impairment of fixed assets (15) — (3) — (3) Share of profits (losses) of associates and joint ventures (18) — (3) — (3) Elimination of interests on debts related to financed assets (5) 3 — — — — Elimination of interests on lease liabilities (5) 18 17 27 — 44 Operating Income 3,361 12 (190) — (177) Cost of gross financial debt except financed assets Interests on debts related to financed assets (5) Gains (losses) on assets contributing to net financial debt Foreign exchange gain (loss) Interests on lease liabilities (5) Other net financial expenses Finance costs, net Income Tax Consolidated net income (1) Since January 1, 2022, Totem's figures are presented in a distinct operating segment (see Note 1.1). (2) In 2021, the segment includes the contribution of Telekom Romania Communications since September 30, 2021. (3) See Note 1.10. for EBITDAaL adjustments. (4) Mobile Financial Services' net banking income is recognized in other operating income and amounts to 116 million euros in 2022. The cost of risk is included in other operating expenses and amounts to (45) million euros in 2022. (5) 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 & Enterprise Totem (1) Interna- Elimination Total Mobile Elimina- Total Presenta- Orange Middle- tional telecom telecom Financial tions tion adjust- consoli- East Carriers & activities activities Services (4) telecom ments (5) dated Shared activites / financial Services mobile statements financial services Revenue 6,918 7,930 685 1,540 (2,538) 43,480 — (9) 43,471 — 43,471 External purchases (2,740) (4,240) (131) (1,997) 4,491 (18,594) (129) 15 (18,707) (24) (18,732) Other operating income 69 191 — 2,101 (3,331) 627 128 (10) 745 2 747 Other operating expenses (171) (657) — (49) 1,377 (335) (36) 4 (367) (47) (413) Labor expenses (575) (2,179) (14) (1,255) — (8,461) (76) — (8,537) (383) (8,920) Operating taxes and levies (660) (82) (5) (55) — (1,877) (2) — (1,879) (3) (1,882) Gains (losses) on disposal of fixed assets, investments and activities — — — — — — — — — 233 233 Restructuring costs — — — — — — — — — (125) (125) Depreciation and amortization of financed assets — — — — — (107) — — (107) — (107) Depreciation and amortization of right-of-use assets (194) (154) (159) (372) — (1,504) (3) — (1,507) — (1,507) Impairment of right-of-use assets — (1) — — — (1) — — (1) (52) (54) Interests on debts related to financed assets (5) — — — — — (3) — — (3) 3 n/a Interests on lease liabilities (5) (64) (6) (4) (10) — (144) — — (145) 145 n/a EBITDAaL (3) 2,584 804 371 (96) — 13,080 (118) 1 12,963 (251) n/a Significant litigations (3) — — — (6) — (9) — — (9) 9 n/a Specific labour expenses (3) — (35) — (9) — (373) 1 — (372) 372 n/a Fixed assets, investments and businesses portfolio review (3) 76 8 — 120 — 233 — — 233 (233) n/a Restructuring programs costs (3) (8) (47) — (89) — (184) 7 — (177) 177 n/a Acquisition and integration costs (3) — (1) (1) (33) — (76) 2 — (74) 74 n/a Depreciation and amortization of fixed assets (1,075) (398) (122) (311) — (6,992) (44) — (7,035) — (7,035) Impairment of goodwill — — — — — (789) (28) — (817) — (817) Impairment of fixed assets 2 (20) — — — (36) (21) — (56) — (56) Share of profits (losses) of associates and joint ventures 22 1 — (3) — (2) — — (2) — (2) Elimination of interests on debts related to financed assets (5) — — — — — 3 — — 3 (3) n/a Elimination of interests on lease liabilities (5) 64 6 4 10 — 144 — — 145 (145) n/a Operating Income 1,665 317 252 (417) — 5,000 (200) 1 4,801 — 4,801 Cost of gross financial debt except financed assets (775) Interests on debts related to financed assets (5) (3) Gains (losses) on assets contributing to net financial debt 48 Foreign exchange gain (loss) (97) Interests on lease liabilities (5) (145) Other net financial expenses 52 Finance costs, net (920) Income Tax (1,265) Consolidated net income 2,617 1.4 Segment revenue to consolidated net income in 2021 (in millions of euros) France Europe Spain Other Elimina- Total European tions countries Europe Revenue 18,092 4,720 5,870 (11) 10,579 External purchases (7,081) (2,768) (3,330) 11 (6,087) Other operating income 1,274 161 192 — 353 Other operating expenses (526) (171) (179) — (350) Labor expenses (3,657) (268) (665) — (932) Operating taxes and levies (838) (163) (96) — (259) Gains (losses) on disposal of fixed assets, investments and activities — — — — — Restructuring costs — — — — — Depreciation and amortization of financed assets (84) — — — — Depreciation and amortization of right-of-use assets (304) (248) (198) — (446) Impairment of right-of-use assets — — — — — Interests on debts related to financed assets (3) (1) — — — — Interests on lease liabilities (3) (8) (14) (15) — (29) EBITDAaL (1) 6,867 1,251 1,579 — 2,830 Significant litigations (1) (128) — — — — Specific labour expenses (1) (959) — (2) — (2) Fixed assets, investments and businesses portfolio review (1) (2) — 359 — 359 Restructuring programs costs (1) (10) (180) (31) — (211) Acquisition and integration costs (1) (7) — (25) — (25) Depreciation and amortization of fixed assets (3,108) (1,107) (1,097) — (2,204) Impairment of goodwill — (3,702) — — (3,702) Impairment of fixed assets (1) — (13) — (13) Share of profits (losses) of associates and joint ventures (8) — 5 — 5 Elimination of interests on debts related to financed assets (3) 1 — — — — Elimination of interests on lease liabilities (3) 8 14 15 — 29 Operating Income 2,653 (3,724) 791 — (2,933) 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 Taxes — — — — — Consolidated net income — — — — — (1) See Note 1.10. for EBITDAaL adjustments. (2) Mobile Financial Services's net banking income is recognized in other operating income and amounts to 109 million euros in 2021. The cost of risk is included in other operating expenses and amounts to (46) million euros in 2021. (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- Orange Middle-East Carriers & telecom telecom Financial telecom tion consoli- Shared activities activities Services (2) activities/mobile adjust- dated financial Services financial services ments (3) statements Revenue 6,381 7,757 1,515 (1,795) 42,530 — (7) 42,522 — 42,522 External purchases (2,502) (3,967) (2,000) 3,786 (17,849) (112) 10 (17,950) (23) (17,973) Other operating income 52 173 2,096 (3,328) 620 114 (4) 730 53 783 Other operating expenses (243) (640) (71) 1,336 (493) (44) 2 (535) (165) (700) Labor expenses (535) (2,119) (1,298) — (8,542) (84) — (8,626) (1,291) (9,917) Operating taxes and levies (644) (80) (66) — (1,887) (3) — (1,890) (36) (1,926) Gains (losses) on disposal of fixed assets, investments and activities — — — — — — — — 2,507 2,507 Restructuring costs — — — — — — — — (331) (331) Depreciation and amortization of financed assets — — — — (84) — — (84) — (84) Depreciation and amortization of right-of-use assets (176) (147) (407) — (1,478) (3) — (1,481) — (1,481) Impairment of right-of-use assets — — — — — — — — (91) (91) Interests on debts related to financed assets (3) — — — — (1) — — (1) 1 n/a Interests on lease liabilities (3) (67) (7) (8) — (119) — — (120) 120 n/a EBITDAaL (1) 2,265 970 (237) — 12,696 (131) 1 12,566 744 n/a Significant litigations (1) — — (6) — (134) — — (134) 134 n/a Specific labour expenses (1) — (123) (190) — (1,274) (3) — (1,276) 1,276 n/a Fixed assets, investments and businesses portfolio review (1) 2 3 2,146 — 2,507 — — 2,507 (2,507) n/a Restructuring programs costs (1) (41) (5) (145) — (412) (11) — (422) 422 n/a Acquisition and integration costs (1) — (1) (16) — (49) (2) — (51) 51 n/a Depreciation and amortization of fixed assets (1,012) (378) (335) — (7,038) (36) — (7,074) — (7,074) Impairment of goodwill — — — — (3,702) — — (3,702) — (3,702) Impairment of fixed assets (1) — (2) — (17) — — (17) — (17) Share of profits (losses) of associates and joint ventures 10 1 (5) — 3 — — 3 — 3 Elimination of interests on debts related to financed assets (3) — — — — 1 — — 1 (1) n/a Elimination of interests on lease liabilities (3) 67 7 8 — 119 — — 120 (120) n/a Operating Income 1,291 474 1,217 — 2,702 (182) 1 2,521 — 2,521 Cost of gross financial debt except financed assets — — — — — — — — — (829) Interests on debts related to financed assets (3) — — — — — — — — — (1) Gains (losses) on assets contributing to net financial debt — — — — — — — — — (3) Foreign exchange gain (loss) — — — — — — — — — 65 Interests on lease liabilities (3) — — — — — — — — — (120) Other net financial expenses — — — — — — — — — 106 Finance costs, net — — — — — — — — — (782) Income Taxes — — — — — — — — — (962) Consolidated net income — — — — — — — — — 778 1.5 Segment revenue to consolidated net income in 2020 (in millions of euros) France Europe Spain Other Elimina- Total European tions countries Europe 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 — 293 Other operating expenses (592) (185) (173) — (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) — (2) — (2) Acquisition and integration costs (1) (1) — (7) — (7) Depreciation and amortization of fixed assets (3,157) (1,059) (1,129) — (2,187) Impairment of goodwill — — — — — Impairment of fixed assets (15) — (8) — (8) Share of profits (losses) of associates and joint ventures (1) — — — — 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 Taxes — — — — — Consolidated net income — — — — — (1) See Note 1.10. 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) Africa & Enterprise Interna- Elimina- Total Mobile Elimina-tions Total Presenta-tion Orange Middle-East tional tion telecom telecom Financial telecom adjust- consoli-dated Carriers & activities activities Services (2) activities/ ments (3) financial Shared mobile statements Services financial services 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) — — (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) — 2 (9) — (12) — — (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) Impairment of goodwill — — — — — — — — — — Impairment of fixed assets — — (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 — — 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 Taxes — — — — — — — — — 848 Consolidated net income — — — — — — — — — 5,055 1.6 Segment investments (in millions of euros) France (1) Europe Spain (1) Other Elimina- European tions countries (3) Europe December 31, 2022 eCAPEX (4) 3,429 863 1,020 — Elimination of proceeds from sales of property, plant and equipment and intangible assets 126 — 56 — Telecommunications licenses 9 10 664 — Financed assets 229 — — — Total investments (7) 3,793 873 1,739 — December 31, 2021 eCAPEX (4) 4,117 980 913 — Elimination of proceeds from sales of property, plant and equipment and intangible assets 49 1 65 — Telecommunications licenses 264 618 32 — Financed assets 40 — — — Total investments (7) 4,471 1,598 1,010 — December 31, 2020 eCAPEX (4) 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 (7) 5,001 1,050 967 — (1) In 2021 and 2020, Totem's figures are included in France, Spain and International Carriers & Shared Services segments (see Note 1.1). (2) Including investments in intangible assets and property, plant and equipment in France for 110 million euros in 2022. (3) Other European countries segment includes the contribution of Telekom Romania Communications acquired on September 30, 2021. (4) See Note 1.10 for eCAPEX definition. (5) Including investments in intangible assets and property, plant and equipment in France for 209 million euros in 2022, 206 million euros in 2021 and 218 million euros in 2020. (6) Including investments in intangible assets and property, plant and equipment in France for 325 million euros in 2022, 271 million euros in 2021 and 303 million euros in 2020. (7) Including 2,678 million euros for other intangible assets and 6,329 million euros for tangible assets in 2022. Including 2,842 million euros for other intangible assets and 5,947 million euros for tangible assets in 2021. Including 2,940 million euros for other intangible assets and 5,848 million euros for tangible assets in 2020. (in millions of euros) Europe Africa & Enterprise (5) Totem (1)(2) International Eliminations Total Mobile Eliminations Orange Total Middle-East Carriers telecom telecom Financial telecom consolidated & Shared activities activities Services activities/ financial Services (1)(6) and mobile statements unallocated financial items services December 31, 2022 eCAPEX (4) 1,883 1,271 332 142 278 — 7,335 35 — 7,371 Elimination of proceeds from sales of property, plant and equipment and intangible assets 56 99 11 — 55 — 347 — — 347 Telecommunications licenses 674 377 — — — — 1,060 — — 1,060 Financed assets — — — — — — 229 — — 229 Total investments (7) 2,612 1,747 344 142 333 — 8,971 35 — 9,007 December 31, 2021 eCAPEX (4) 1,893 1,064 318 n/a 243 — 7,636 24 — 7,660 Elimination of proceeds from sales of property, plant and equipment and intangible assets 66 5 7 n/a 36 — 163 — — 163 Telecommunications licenses 650 12 — n/a — — 926 — — 926 Financed assets — — — n/a — — 40 — — 40 Total investments (7) 2,609 1,082 325 n/a 279 — 8,766 24 — 8,789 December 31, 2020 eCAPEX (4) 1,847 1,036 339 n/a 133 — 7,102 30 — 7,132 Elimination of proceeds from sales of property, plant and equipment and intangible assets 97 9 23 n/a 180 — 444 — — 444 Telecommunications licenses 73 20 — n/a — — 969 — — 969 Financed assets — — — n/a — — 241 — — 241 Total investments (7) 2,017 1,065 362 n/a 313 — 8,757 30 — 8,787 1.7 Segment assets (in millions of euros) France (1) Europe Spain (1) Other Elimina- European tions countries Europe December 31, 2022 Goodwill 13,176 2,734 1,852 — Other intangible assets 4,331 1,994 2,287 — Property, plant and equipment 16,906 3,640 4,239 — Right-of-use assets 1,946 1,035 1,023 — Interests in associates and joint ventures 1,070 — 313 — Non-current assets included in the calculation of net financial debt — — — — Other 9 12 43 — Total non-current assets 37,438 9,415 9,755 — Inventories 429 73 187 — Trade receivables 2,055 601 1,176 (1) Other customer contract assets 371 174 425 — Prepaid expenses 41 373 61 — Current assets included in the calculation of net financial debt — — — — Other 789 77 215 — Total current assets 3,685 1,298 2,064 (1) Total assets 41,123 10,714 11,819 (1) December 31, 2021 Goodwill 14,364 3,170 2,910 — Other intangible assets 4,543 2,259 1,727 — Property, plant and equipment 16,975 3,834 3,967 — Right-of-use assets 2,014 1,093 1,104 — Interests in associates and joint ventures 1,061 — 303 — Non-current assets included in the calculation of net financial debt — — — — Other 9 16 15 — Total non-current assets 38,966 10,372 10,025 — Inventories 438 61 176 — Trade receivables 2,125 643 1,147 1 Other customer contract assets 379 176 407 — Prepaid expenses 35 417 69 — Current assets included in the calculation of net financial debt — — — — Other 737 72 183 — Total current assets 3,713 1,368 1,982 1 Total assets 42,679 11,740 12,007 1 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 — 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 — Total assets 40,477 15,085 11,126 — (1) In 2021 and 2020, Totem's figures are included in France, Spain and International Carriers & Shared Services segments (see Note 1.1). (2) Including intangible and tangible assets for 748 million euros in France in 2022. (3) Including intangible and tangible assets in France for 526 million euros in 2022, 564 million euros in 2021 and 573 million euros in 2020. (in millions of euros) Europe Africa & Enterprise Totem (1)(2) International Eliminations Total Mobile Eliminations Orange Total Middle East Carriers telecom telecom Financial telecom consolidated & Shared activities activities Services activities / financial Services (1) and mobile statements unallocated financial items services December 31, 2022 Goodwill 4,586 1,420 2,289 1,624 18 — 23,113 — — 23,113 Other intangible assets 4,280 1,956 577 (3) 6 3,741 (4) — 14,892 54 — 14,946 Property, plant and equipment 7,879 4,3 |
Gains and losses on disposal _2
Gains and losses on disposal and main changes in scope of consolidation (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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) Note 2022 2021 2020 Gains (losses) on disposal of fixed assets 8.1 159 52 221 Gains (losses) on disposal of investments and activities 3.2 74 2,455 7 Gain (losses) on disposal of fixed assets, investments and activities 233 2,507 228 |
Orange Concessions | |
Disclosure of detailed information about business combination [line items] | |
Disclosure of discontinued operations | (in millions of euros) At disposal date Sale price of 50% of Orange Concessions' shares to the Consortium 1,053 Reameasurement at fair value of remaining interests held by Orange 1,053 Fair value of Orange Concessions at the disposal date (a) 2,107 Net book value and transaction costs related to sale of Orange Concessions (b) 17 Gain resulting from the loss of exclusive control on Orange Concessions (a)+(b) 2,124 Tax cost related to sale of the shares (47) Net gain resulting from the loss of exclusive control on Orange Concessions 2,077 The effects of the disposal of Orange Concessions shares presented in the cash flow statement are as follows: (in millions of euros) At disposal date Sale price of sold shares, net of transaction costs 1,046 Tax costs related to sale of Orange Concessions' shares (47) Transferred cash of Orange Concessions (242) Sales of investment securities, net of cash transferred 758 |
Summary of Assets and liabilities of disposal group held for sale | (in millions of euros) At disposal date Assets 1,374 Intangible and tangible assets 925 Financial assets 76 Trade receivables 71 Other assets 60 Cash and cash equivalents 242 Liabilities 1,374 Net equity (62) Trade payables 632 Financial liabilities 710 Other liabilities 94 Income statement Revenues 471 Operating Income (23) Finance cost, net (21) Income taxes (11) Net income (55) |
FiberCo | |
Disclosure of detailed information about business combination [line items] | |
Disclosure of discontinued operations | (in millions of euros) At disposal date Sale price of 50% of FiberCo's shares sold to APG Group 292 Reameasurement at fair value of remaining interests hold by Orange Polska 292 Fair value of the FiberCo shares at the disposal date (a) 584 Net book value and transaction costs related to sale of the FiberCo (b) (244) Gain resulting from the loss of control on the FiberCo (a)+(b) 340 Tax cost related to sale of the shares (30) Net gain resulting from the loss of exclusive control on FiberCo 310 (in millions of euros) At disposal date Sale price of sold shares, net of transaction costs 288 Tax costs related to the transaction (VAT and income tax) (61) Transferred cash of the sold entity (5) Receivables on sale of shares (90) Sales of investment securities, net of cash transferred 132 |
Summary of Assets and liabilities of disposal group held for sale | (in millions of euros) At disposal date Assets 297 Tangible assets 87 Operating taxes assets 46 Prepaid expenses 154 Other assets 5 Cash and cash equivalents 5 Liabilities 297 Equity 240 Non current financial liabilities 36 Other liabilities 21 |
Telekom Romania Communications [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 296 Acquisition cost adjustment (11) Cash acquired (90) Cash paid for investment securities, net of cash acquired 195 (in millions of euros) At acquisition date Purchase price related to the acquisition of the 54% share (1) 285 Fair value of the non-controlling interests 245 Acquisition price (a) 530 Net book value acquired 261 Effects of fair value measurement: Tangible assets (2) 261 Customer relationship 29 Other intangibles 2 Others (3) Net deferred tax (20) Net asset remeasured at fair value (b) 530 Goodwill (a)-(b) — |
Trade receivables (Tables)
Trade receivables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Sales | |
Schedule of other operating income | (in millions of euros) 2022 2021 2020 Net banking income (NBI) 124 119 79 Income from customer collection 91 89 101 Site rentals and franchises income 34 87 54 Tax credits and subsidies 48 44 31 Income from universal service 3 4 4 Other income 447 441 336 Total 747 783 604 |
Schedule of trade receivables | (in millions of euros) 2022 2021 2020 Net book value of trade receivables - in the opening balance 6,029 5,620 5,320 Business related variations 299 (53) 379 Changes in the scope of consolidation (1) (3) 389 4 Translation adjustment (76) 36 (90) Reclassifications and other items 56 36 7 Net book value of trade receivables - in the closing balance 6,305 6,029 5,620 (1) Changes in the scope of consolidation in 2021 included the externalization of Orange SA's trade receivables from concession contracts resulting from the loss of sole control over Orange Concessions for 288 million euros and the integration of Telekom Romania Communications for 100 million euros. |
Schedule of categories of trade receivables | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Net trade receivables, depreciated according to their age 1,191 1,204 1,145 Net trade receivables, depreciated according to other criteria 324 422 400 Net trade receivables past due 1,515 1,627 1,544 Net trade receivables not past due (1) 4,790 4,402 4,076 Net trade receivables 6,305 6,029 5,620 o/w short-term trade receivables 6,022 5,793 5,382 o/w long-term trade receivables 283 236 238 (1) Not past due receivables are presented net of the balance of expected losses on trade receivables, which amounted to (46) million euros at December 31, 2022, (54) million euros at December 31, 2021 and (56) million euros at December 31, 2020. |
Schedule of allowances on trade receivables | (in millions of euros) 2022 2021 2020 Allowances on trade receivables - in the opening balance (1,012) (983) (888) Net addition with impact on income statement (1) (208) (212) (383) Losses on trade receivables 218 283 275 Changes in the scope of consolidation (2) (6) (91) — Translation adjustment 16 (7) 13 Reclassifications and other items (4) (1) — Allowances on trade receivables - in the closing balance (996) (1,012) (983) (1) In 2020, the change in impairment of trade receivables included an effect of (129) million euros on the telecoms business in connection with the impact of the health crisis. (2) In 2021, the change in scope of consolidation is mainly related to the integration of Telekom Romania Communications. |
Schedule of customer contract net assets and liabilities | (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Customer contract net assets (1) 733 740 709 Costs of obtaining a contract 298 294 262 Costs to fulfill a contract 539 426 265 Total customer contract net assets 1,570 1,460 1,236 Prepaid telephone cards (175) (186) (197) Connection fees (507) (563) (589) Loyalty programs (31) (29) (25) Other deferred revenue (2) (1,847) (1,717) (1,158) Other customer contract liabilities (19) (17) (15) Total deferred revenue related to customer contracts (2,579) (2,512) (1,984) Total customer contract net assets and liabilities (1,009) (1,052) (748) (1) Assets net of performance obligations. (2) Includes in particular subscriptions. The change in Other deferred revenue is detailed below. |
Schedule of reconciliation of customer contract net assets | (in millions of euros) 2022 2021 2020 Customer contract net assets - in the opening balance 740 709 771 Business related variations (1) (1) 30 (60) Changes in the scope of consolidation — 4 — Translation adjustment (1) — (3) Reclassifications and other items (6) (3) — Customer contract net assets - in the closing balance 733 740 709 (1) Mainly includes new contract assets net of related liabilities, transfer of net contract assets directly to trade receivables and impairment in the period. (in millions of euros) 2022 2021 2020 Costs of obtaining a contract - in the opening balance 294 262 258 Business related variations 6 20 11 Changes in the scope of consolidation — 12 — Translation adjustment (2) (1) (7) Reclassifications and other items — — — Costs of obtaining a contract - in the closing balance 298 294 262 (in millions of euros) 2022 2021 2020 Costs to fulfill a contract - in the opening balance 426 265 181 Business related variations 122 31 21 Changes in the scope of consolidation — — — Translation adjustment (5) 11 (12) Reclassifications and other items (4) 118 75 Costs to fulfill a contract - in the closing balance 539 426 265 |
Schedule of deferred revenue related to customer contracts | Below is presented the change in deferred income related to customer contracts (prepaid telephone cards, connection fees, loyalty programs and other unearned income) in the statement of financial position: (in millions of euros) 2022 2021 2020 Deferred revenue related to customer contracts - in the opening balance 2,512 1,984 2,093 Business related variations (1) 101 220 (73) Changes in the scope of consolidation (2) 1 183 — Translation adjustment (23) 13 (31) Reclassifications and other items (13) 112 (6) Deferred revenue related to customer contracts - in the closing balance 2,579 2,512 1,984 (1) In 2022, business-related changes mainly concern contracts for the provision of the Orange network in Spain. (2) In 2021, changes in the scope of consolidation mainly concerned prepayment of services for the construction of the network of FiberCo in Poland to Orange Polska and the integration of Telekom Romania Communications. |
Schedule of disclosure of transaction price allocated to remaining performance obligations | (in millions of euros) December 31, 2022 Less than one year 6,589 Between 1 and 2 years 2,739 Between 2 and 3 years 943 Between 3 and 4 years 433 Between 4 and 5 years 216 More than 5 years 184 Total remaining performance obligations 11,104 |
Schedule of other assets | December 31, December 31, December 31, (in millions of euros) 2022 2021 2020 Advances and downpayments 177 147 116 Submarine cable consortiums (1) 230 194 258 Security deposits paid 96 105 93 Orange Money - isolation of electronic money (1) 1,242 1,030 825 Other (2) 688 654 545 Total 2,433 2,130 1,837 (1) These receivables are offset by the liabilities of the same amount (see accounting policies below and Note 5.7). (2) Includes a receivable due under a transmission capacity agreement for an FTTH network in Spain in 2020. (in millions of euros) 2022 2021 2020 Other assets - in the opening balance 2,130 1,837 1,383 Business related variations (1) 304 236 495 Changes in the scope of consolidation 5 24 0 Translation adjustment (17) 28 (32) Reclassifications and other items 11 5 (9) Other assets - in the closing balance 2,433 2,130 1,837 o/w other non-current assets 216 254 136 o/w other current assets 2,217 1,875 1,701 (1) Includes a receivable due under a transmission capacity agreement for an FTTH network in Spain in 2020. |
Purchases and other expenses (T
Purchases and other expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Purchases and other expenses | |
Schedule of external purchases | (in millions of euros) 2022 2021 2020 Commercial, equipment expenses and content rights (7,772) (7,385) (6,868) o/w costs of terminals and other equipment sold (1) (4,459) (4,234) (3,841) o/w advertising, promotional, sponsoring and rebranding costs (804) (783) (736) Service fees and inter-operator costs (4,251) (4,349) (4,529) o/w interconnexion costs (2,703) (2,956) (3,186) Other network expenses, IT expenses (3,590) (3,530) (3,503) Other external purchases (3,119) (2,709) (2,791) o/w building cost for resale (1,236) (1,047) (883) o/w overhead (1,172) (1,044) (1,099) o/w rental expenses (134) (147) (151) Total external purchases (18,732) (17,973) (17,691) (1) Reclassification of presentation, in 2022 and comparative years, to include in this line item the costs of other goods sold amounting to 434 million euros in 2022, 292 million euros in 2021 and 265 million euros in 2020. |
Schedule of other operating expenses | (in millions of euros) 2022 2021 2020 Litigation (50) (218) (238) Allowances and losses on trade receivables – telecom activities (206) (213) (382) Cost of bank credit risk (49) (48) (31) Expenses from universal service (28) (22) (19) Operating foreign exchange gains (losses) (23) (20) 19 Acquisition and integration costs (40) (14) (18) Other expenses (17) (165) (119) Total other operating expenses (413) (700) (789) |
Schedule of provisions for litigations | (in millions of euros) 2022 2021 2020 Provisions for litigation - in the opening balance 405 525 643 Additions with impact on income statement 26 162 119 Reversals with impact on income statement (12) (10) (29) Discounting with impact on income statement 1 — — Utilizations without impact on income statement (1) (34) (317) (205) Changes in consolidation scope 2 — — Translation adjustment 0 1 (2) Reclassifications and other items — 44 — Provisions for litigation - in the closing balance 387 405 525 o/w non-current provisions 47 51 46 o/w current provisions 340 353 479 (1) Corresponded mainly to the conviction linked to anti-competitive practices in the "enterprise" market segment in 2021 and to the conviction in the Digicel litigation in 2020 (see Note 18). |
Schedule of restructuring and integration costs | (in millions of euros) 2022 2021 2020 Departure plans (1) (54) (241) (15) Lease property restructuring (2) (21) (6) 2 Distribution channels (3) (12) (22) (5) Other (38) (63) (8) Total restructuring costs (125) (331) (25) (1) Mainly departure plans for Equant (around 300 people) in 2022, Orange Spain (around 400 people) and Orange Polska (around 1,400 people) in 2021. (2) Essentially related to onerous contracts due to vacant leases in France. (3) Essentially concerns the closure of sales outlets in Spain in 2022 and 2021. Some restructuring costs are directly recorded in operating income and are not included in the following movements of provisions: (in millions of euros) 2022 2021 2020 Restructuring provisions - in the opening balance 185 117 216 Additions with impact on income statement (1) 98 277 12 Reversals with impact on income statement (26) (17) (17) Discounting with impact on income statement (5) (1) 4 Utilizations without impact on income statement (90) (191) (95) Translation adjustment (1) — (3) Reclassifications and other items — (1) — Restructuring provisions - in the closing balance 162 185 117 o/w non-current provisions 43 61 53 o/w current provisions 119 124 64 (1) Mainly corresponds to costs relating to Equant departure plans amounting to (30) million euros in 2022, (155) million euros in Spain and (29) million euros in Poland in 2021. |
Schedule of broadcasting rights and equipment inventories | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Device inventories (1) 629 593 485 Other products/services sold 125 77 75 Available broadcasting rights 102 102 93 Other supplies 258 242 223 Gross value 1,114 1,015 874 Depreciation (67) (64) (60) Net book value of equipment inventories and broadcasting rights 1,048 952 814 (1) Of which inventories treated as consignment with distributors amounting to 42 million euros as at December 31, 2022, 68 million euros as at December 31, 2021 and 40 million euros as at December 31, 2020. (in millions of euros) 2022 2021 2020 Net balance of inventories - in the opening balance 952 814 906 Business related variations 104 125 (70) Changes in the scope of consolidation 3 9 - Translation adjustment (4) 3 (8) Reclassifications and other items (6) (1) (14) Net balance of inventories - in the closing balance 1,048 952 814 |
Schedule of prepaid expenses | December 31, December 31, December 31, (in millions of euros) 2022 2021 2020 Prepaid external purchases 780 611 651 Other prepaid operating expenses 72 240 199 Total prepaid expenses 851 851 850 (in millions of euros) 2022 2021 2020 Prepaid expenses - in the opening balance 851 850 730 Business related variations (1) 57 5 171 Changes in the scope of consolidation 0 — - Translation adjustment (49) 10 (12) Reclassifications and other items (2) (8) (13) (40) Prepaid expenses - in the closing balance 851 851 850 (1) In 2020, the change included a prepaid expense recognized in respect of an agreement for the provision of FTTH capacity in Spain. (2) Including the effect of the reclassification of prepaid expenses as costs to fulfill contract (see Note 4.4). |
Schedule of trade payables | (in millions of euros) 2022 2021 2020 Trade payables - in the opening balance 6,738 6,475 6,682 Business related variations 297 41 (122) Changes in the scope of consolidation (1) 9 125 1 Translation adjustment (71) 47 (80) Reclassifications and other items 95 49 (6) Trade payables - in the closing balance 7,067 6,738 6,475 o/w trade payables from telecoms activities 6,951 6,652 6,395 o/w trade payables from Mobile Financial Services 116 86 80 (1) Of which 108 million euros related to the integration of Telekom Romania Communications in 2021. |
Schedule of other liabilities | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Provisions for litigations (1) 387 405 525 Cable network access fees (URI) 25 38 59 Submarine cable consortium (2) 230 191 258 Security deposits received 111 128 134 Orange Money – units in circulation (2) 1,244 1,030 823 Other 804 852 775 Total 2,802 2,644 2,574 o/w other non-current liabilities 276 306 307 o/w other current liabilities 2,526 2,338 2,267 (1) See Note 5.2. (2) These liabilities are offset by the receivables of the same amount (see accounting policies in Note 4.5). (in millions of euros) 2022 2021 2020 Other liabilities - in the opening balance 2,644 2,574 2,448 Business related variations 129 54 176 Changes in the scope of consolidation 6 9 — Translation adjustment — 29 (35) Reclassifications and other items 23 (22) (15) Other liabilities - in the closing balance 2,802 2,644 2,574 |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of defined benefit plans [line items] | ||
Schedule of labor expenses | (in millions of euros) Note 2022 2021 2020 Average number of employees (full-time equivalents) (1) 130,307 132,002 133,787 Wages and employee benefit expenses (8,754) (9,587) (8,331) o/w wages and salaries (6,328) (6,232) (6,224) o/w social security charges (2,132) (2,148) (2,118) o/w French part-time for seniors plans 6.2 (313) (1,209) 23 o/w capitalized costs (2) 818 849 866 o/w other labor expenses (3) (799) (847) (879) Employee profit sharing (149) (145) (142) Share-based compensation (4) 6.3 (16) (185) (18) o/w free share award plans (16) (13) (18) o/w employee shareholding plan Together 2021 — (172) — Total in operating income (8,920) (9,917) (8,490) Net interest on the net defined liability in finance costs (13) (10) (12) Actuarial (gains)/losses in other comprehensive income 176 59 (13) (1) Of whom 28% were Orange SA's civil servants at December 31, 2022 (compared with 31% at December 31, 2021 and 34% at December 31, 2020). (2) Capitalized costs correspond to labor expenses included in the cost of assets produced by the Group (see Notes 8.4 and 8.5). (3) 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). (4) Includes social security contributions of (1) million euros in 2022, (13) million euros in 2021 and 5 million euros in 2020, whose corresponding entry in the balance sheet is not presented in equity. | |
Schedule of employee benefits payable | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Post-employment benefits (1) 739 881 930 Other long-term benefits 2,358 2,318 1,407 o/w French part-time for seniors plans 1,753 1,720 802 Provisions for employment termination benefits 1 2 1 Other employee-related payables and payroll taxes due 1,857 1,862 1,779 Provisions for social risks and litigation 29 50 58 Total 4,985 5,113 4,176 o/w non-current employee benefits 2,567 2,798 1,984 o/w current employee benefits 2,418 2,316 2,192 (1) Does not include defined contribution plans. | |
Schedule of benefits to be paid | (in millions of euros) Schedule of benefits to be paid, undiscounted 2023 2024 2025 2026 2027 2028 and beyond Post-employment benefits 73 56 49 63 79 2,586 Other long-term benefits (1) 508 571 482 392 226 45 o/w French part-time for seniors plans 434 487 427 337 197 24 Total 581 627 532 455 305 2,631 (1) Provisions for Time Savings Account (Compte Épargne Temps (CET)) and long-term sick leave and long-term leave not included. | |
Schedule of key assumptions | The discount rates used for the French entities (which accounts for 91% of Orange’s pension and other long-term employee benefit obligations at December 31, 2022) are as follows: December 31, December 31, December 31, 2022 2021 2020 More than 10 years 3.75% to 3.85 % 0.80% to 1.05 % 0.55% to 0.90 % Less than 10 years 3.20% to 3.75 % (1) -0.15% to 0.40 % -0.35% to 0.70 % (1) Rates of 3.40% and 3.55% , respectively, were used to value commitments relating to the 2018 and 2021 French part-time for seniors plans (compared with -0.15% at December 31, 2021 and -0.25% at December 31, 2020). 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 (3.05% 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 employees of retirement age), salary revaluation and long-term inflation of 2%. The impacts on pension benefit obligations of a change in the key assumption would be as follows: (in millions of euros) Rate increase by 100 points Rate decrease by 100 points Discount rates (1) (128) 145 (1) Including (31) million euros and 32 million euros for the French part-time for seniors plans (TPS) (short-term duration). | |
Schedule of obligations | (in millions of euros) Post-employment benefits Long-term benefits 2022 2021 2020 Annuity- Capital- Other French part- Other based based time for plans plans seniors plans (TPS) Total benefit obligations in the opening balance 550 856 16 1,720 598 3,740 2,812 3,229 Service cost — 67 (6) 10 61 131 1,379 (3) 150 Net interest on the defined benefit liability 6 14 0 (2) 0 19 15 17 Actuarial losses/(gains) arising from changes of assumptions (144) (230) (6) (110) (1) (490) (5) 102 o/w arising from change in discount rate (132) (234) (4) (124) (1) (495) (1) (76) 63 Actuarial losses/(gains) arising from experience 20 31 (2) 410 (1) 459 (2) (47) (121) (4) Benefits paid (20) (30) (1) (276) (49) (374) (439) (555) Translation adjustment and other (13) 2 (0) (0) (3) (14) 25 (11) Total benefit obligations in the closing balance (a) 401 710 2 1,753 605 3,471 3,740 2,811 o/w benefit obligations in respect of employee benefit plans that are wholly or partly funded 401 18 — — — 419 571 549 o/w benefit obligations in respect of employee benefit plans that are wholly unfunded — 691 2 1,753 605 3,052 3,169 2,262 Weighted average duration of the plans (in years) 8 11 14 2 3 4 6 8 (1) Including (352) million euros in France and (130) million euros in the United Kingdom related to the increase in discount rates in 2022. (2) Actuarial gains related to experience effects mainly take into account an increase in the number of sign-ups for the French part-time for seniors plans, and particularly the plan signed in 2021. (3) Including 1,225 million euros related to the French part-time for seniors plan signed in December 2021. (4) Actuarial gains related to experience effects take into account a slowdown in the number of sign-ups for the French part-time for seniors plans. | |
Schedule of fair value of plan assets | (in millions of euros) Post-employment benefits Long-term benefits 2022 2021 2020 Annuity- Capital- Other French part- Other based based time for plans plans seniors plans (TPS) Fair value of plan assets in the opening balance 540 1 — — — 541 474 458 Net interest on the defined benefit liability 7 — — — — 7 4 6 (Gains)/Losses arising from experience (154) (0) — — — (154) 40 25 Employer contributions 11 — — — — 11 20 18 Benefits paid by the fund (18) — — — — (18) (20) (18) Translation adjustment and other (13) — — — — (13) 23 (16) Fair value of plan assets in the closing balance (b) 373 1 — — — 373 541 474 | |
Schedule of employee benefits | (in millions of euros) Post-employment benefits Long-term benefits 2022 2021 2020 Annuity- Capital- Other French part- Other based based time for plans plans seniors plans (TPS) Employee benefits in the opening balance 10 855 16 1,720 598 3,199 2,337 2,771 Net expense for the period — 81 (6) 308 59 443 1,356 105 Employer contributions (11) — — — — (11) (20) (18) Benefits directly paid by the employer (1) (30) (1) (276) (49) (355) (419) (538) Actuarial (gains)/losses generated during the year through other comprehensive income 31 (199) (8) — — (176) (59) 13 Translation adjustment and other — 2 — — (3) (2) 3 4 Employee benefits in the closing balance - Net position (a) - (b) 28 709 2 1,753 605 3,097 3,199 2,337 o/w non-current 26 658 2 1,319 600 2,605 2,799 1,955 o/w current 2 52 — 434 5 492 400 382 | |
Schedule of net expense | Post-employment benefits Long-term benefits 2022 2021 2020 Annuity- Capital- Other French part- Other based based time for plans plans seniors plans (in millions of euros) (TPS) Service cost — (67) 6 (10) (61) (131) (1,379) (1) (151) Net interest on the net defined benefit liability — (14) — 2 — (12) (10) (11) Actuarial gains/(losses) — — — (301) 2 (299) 33 57 Total — (81) 6 (308) (59) (443) (1,356) (105) o/w expenses in operating income — (67) 6 (311) (59) (430) (1,346) (94) o/w net interest on the net defined liability in finance cost — (14) — 2 — (12) (10) (11) (1) Including ( 1,225 ) million euros related to the French part-time for seniors plan signed on December 17, 2021. | |
Schedule of share-based payment | LTIP 2019 - 2021 Measurement date July 24, 2019 Vesting date December 31, 2021 Price of underlying instrument at measurement date 13.16 euros Price of underlying instrument at vesting date 9.41 euros Price of underlying instrument at delivery date 10.70 euros Expected dividends (% of the share price) 5.3 % Risk free yield -0.7 % Fair value per share of benefit granted to employees 7.80 euros o/w fair value of internal performance condition 11.10 euros o/w fair value of external performance condition 4.50 euros | |
Schedule of executive compensation | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 (4) Short-term benefits excluding employer social security contributions (1) (12) (14) (16) Short-term benefits: employer’s social security contributions (4) (5) (5) Post-employment benefits (2) — — — Share-based compensation (3) (1) (2) (2) (1) Includes all compensation: gross salaries, the variable component, bonuses and benefits (excluding termination benefits), benefits in kind, incentives and profit-sharing, attendance compensation and the share-based Long Term Incentive Plan (LTIP) which matured at December 31, 2021 and was paid out in 2022. (2) Service cost. (3) Includes employee shareholding plans and share-based Long-Term Incentive Plans (LTIP) in force. (4) In 2020, (2) million euros relating to termination benefits had been paid. These termination benefits are not presented in the compensation table above. | |
Schedule of social security contributions | The cost of the plan including social security contributions is presented below: (in millions of euros) 2022 2021 2020 2019 LTIP 2019 - 2021 (1) 1 (6) (6) (3) (1) 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 2022. | |
Free share award plans | ||
Disclosure of defined benefit plans [line items] | ||
Schedule of employee benefits | The allocation of rights to beneficiaries is subject to a continued employment condition: LTIP 2021 - 2023 LTIP 2021 - 2023 LTIP 2020 - 2022 Assessment of the employment continuation From July 27, 2022 From July 28, 2021 From July 29, 2020 to December 31, 2024 to December 31, 2023 to December 31, 2022 | |
Schedule of share-based payment | LTIP 2022 - 2024 LTIP 2021 - 2023 LTIP 2020 - 2022 Implementation date by the Board of Directors July 27, 2022 July 28, 2021 July 29, 2020 Maximum number of free share units (1) 1.8 million 1.8 million 1.7 million Estimated number of beneficiaries 1,300 1,300 1,300 Acquisition date of the rights by the beneficiaries December 31, 2024 December 31, 2023 December 31, 2022 Delivery date of the shares to the beneficiaries March 31, 2025 March 31, 2024 March 31, 2023 (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 market price of Orange stock at the delivery date of the shares. | |
Long Term Incentive Plan (LTIP) 2019 - 2021 [member] | ||
Disclosure of defined benefit plans [line items] | ||
Schedule of rights subject to the achievement of performance conditions | Rights subject to the achievement of performance conditions (as a % of the total entitlement): LTIP 2022 - 2024 LTIP 2021 - 2023 LTIP 2020 - 2022 Organic cash-flow from telecom activities 50 % 50 % 40 % Total Shareholder Return (TSR) 30 % 30 % 40 % Corporate Social Responsability (CSR) 20 % 20 % 20 % | |
Long Term Incentive Plan (LTIP) 2018 - 2020 [member] | ||
Disclosure of defined benefit plans [line items] | ||
Schedule of employee benefits | The allocation of rights to beneficiaries was subject to a continued employment condition: LTIP 2019 - 2021 From July 24, 2019 Assessment of the employment continuation to December 31, 2021 | |
Schedule of share-based payment | LTIP 2019 - 2021 Implementation date by the Board of Directors July 24, 2019 Maximum number of free share units (1) 1.7 million Estimated number of beneficiaries at the beginning 1,200 Number of free share units delivered at delivery date (1) 0.7 million Number of beneficiaries 1,094 Acquisition date of the rights by the beneficiaries December 31, 2021 Delivery date of the shares to the beneficiaries March 31, 2022 (1) In countries where the regulatory conditions, tax codes or labor laws do not permit awards of stock, the beneficiaries of the plan received a cash amount value based on the market price of Orange stock at the delivery date of the shares, on March 31, 2022. | |
Schedule of rights subject to the achievement of performance conditions | LTIP 2019 - 2021 Organic cash-flow from telecom activities 50 % Total Shareholder Return (TSR) 50 % | |
Long-term incentive plans | ||
Disclosure of defined benefit plans [line items] | ||
Schedule of share-based payment | LTIP 2022 - 2024 LTIP 2021 - 2023 LTIP 2020 - 2022 Measurement date July 27, 2022 July 28, 2021 July 29, 2020 Vesting date December 31, 2024 December 31, 2023 December 31, 2022 Price of underlying instrument at measurement date 10.16 euros 9.63 euros 10.47 euros Price of underlying instrument at closing date 9.28 euros 9.28 euros 9.28 euros Expected dividends (% of the share price) 6.9 % 7.3 % 6.7 % Risk free yield -0.59 % -0.68 % -0.61 % Fair value per share of benefit granted to employees 7.53 euros 6.33 euros 6.06 euros o/w fair value of internal performance condition 8.30 euros 7.74 euros 8.58 euros o/w fair value of external performance condition 5.74 euros 3.04 euros 2.27 euros |
Impairment losses and goodwill
Impairment losses and goodwill (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Impairment losses and goodwill | |
Schedule of goodwill impairment losses | (in millions of euros) 2022 2021 2020 Romania (789) — — Mobile Financial Services (28) — — Spain — (3,702) — Total of impairment of goodwill (817) (3,702) — |
Schedule of goodwill | (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Gross value Accumulated Net book value Net book value Net book value impairment losses France 13,189 (13) 13,176 14,364 14,364 Europe 12,962 (8,377) 4,586 6,079 9,512 Spain 6,550 (3,816) 2,734 3,170 6,872 Slovakia 806 — 806 806 806 Romania 1,806 (1,359) 447 1,504 1,236 Belgium 1,049 (713) 336 336 336 Poland 2,605 (2,470) 135 135 136 Moldova 78 — 78 80 76 Luxembourg 68 (19) 50 50 50 Africa & Middle-East 2,379 (958) 1,420 1,465 1,443 Burkina Faso 428 — 428 428 428 Côte d’Ivoire 417 (42) 375 375 375 Morocco 249 — 249 265 253 Jordan 293 (175) 118 111 103 Sierra Leone 73 — 73 114 118 Cameroon 134 (90) 44 44 44 Other 784 (651) 133 128 122 Enterprise 2,941 (651) 2,289 2,237 2,225 Totem(1) 1,624 — 1,624 N/A N/A International Carriers and Shared Services 18 — 18 18 18 Mobile Financial Services 28 (28) — 28 35 Goodwill 33,140 (10,028) 23,113 24,192 27,596 (in millions of euros) December 31, December 31, December 31, Note 2022 2021 2020 Gross Value in the opening balance 33,626 33,273 33,579 Acquisitions (1) (206) 266 26 Disposals — (4) — Translation adjustment (280) 91 (331) Reclassifications and other items — — — Gross Value in the closing balance 33,140 33,626 33,273 Accumulated impairment losses in the opening balance (9,435) (5,678) (5,935) Impairment 7.1 (817) (3,702) — Disposals — — — Translation adjustment 225 (55) 257 Accumulated impairment losses in the closing balance (10,028) (9,435) (5,678) Net book value of goodwill 23,113 24,192 27,596 |
Schedule of the parameters used for the determination of recoverable amounts | December 31, 2022 France Spain Poland Enterprise Romania Belgium Mobile Côte Financial d'Ivoire/ Services Burkina Faso/ Liberia Basis of recoverable amount Value in use Fair value Source used Internal plan NA Methodology Discounted cash flow NA Cost of equity NA NA NA NA NA NA 12.3 % NA Perpetuity growth rate 0.8 % 1.5 % 2.0 % 0.5 % 2.5 % 0.8 % 2.0 % NA Post-tax discount rate 6.3 % 7.5 % 7.8 % 6.8 % 10.5 % 7.0 % NA NA Pre-tax discount rate 8.4 % 10.0 % 9.1 % 9.2 % 11.8 % 8.8 % NA NA December 31, 2021 France Spain Poland Enterprise Romania Belgium/ Luxembourg Basis of recoverable amount Value in use Fair value Source used Internal plan NA Methodology Discounted cash flow NA Perpetuity growth rate 0.8 % 1.5 % 1.5 % 0.3 % 2.5 % NA Post-tax discount rate 5.8 % (1) 6.8 % 7.3 % 8.3 % 7.0 % NA Pre-tax discount rate 7.6 % 8.4 % 8.5 % 11.1 % 7.9 % NA December 31, 2020 France Spain Poland Enterprise Romania Morocco Belgium/ Luxembourg Basis of recoverable amount Value in use Fair value Source used Internal plan NA Methodology Discounted cash flow NA Perpetuity growth rate 0.8 % 1.5 % 1.5 % 0.3 % 2.3 % 2.8 % NA Post-tax discount rate 5.5 % (1) 6.5 % 7.3 % 7.5 % 7.5 % 7.3 % NA Pre-tax discount rate 7.4 % 8.1 % 8.5 % 10.2 % 8.5 % 8.6 % NA (1) The after-tax discount rate for France included a corporate tax reduction of 25.83% since 2022. |
Schedule of other assumptions that affect the assessment of the recoverable amount | December 31, December 31, December 31, 2022 2021 2020 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 1.4 % 1.3 % 1.2 % Post-tax discount rate 8.2 % 7.7 % 6.9 % Pre-tax discount rate 10.5 % 9.8 % 8.3 % The sensitivity analysis did not highlight any risk of impairment of the Orange brand. |
Schedule of sensitivity analysis of recoverable amounts of cash generating unit | Decrease in the discounted cash Increase in discount rate in Decrease in the perpetual flows of the terminal value in order for the recoverable growth rate in order for the order for the recoverable amount amount to be equal to the net recoverable amount to be to be equal to the net carrying carrying value (in basis points) equal to the net carrying value value (in %) (in basis points) December 31, 2022 France +139 bp (120) bp -26 % Spain +44 bp (47) bp -8 % Poland +249 bp (272) bp -32 % Enterprise +100 bp (115) bp -19 % Belgium +97 bp (97) bp -15 % Sierra Leone +50 bp (72) bp -6 % December 31, 2021 France +234 bp (217) bp -39 % Spain +19 bp (21) bp -4 % Poland +269 bp (221) bp -30 % Enterprise +1,125 bp (1,026) bp -83 % Romania +44 bp (45) bp -10 % December 31, 2020 France +141 bp (124) bp -28 % Spain +1 bp (1) bp — % 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 |
Fixed assets (Tables)
Fixed assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fixed assets | |
Schedule of gains (losses) on disposal of fixed assets | (in millions of euros) 2022 2021 2020 Transfer price 347 163 444 Net book value of assets sold (187) (111) (223) Proceeds from the disposal of fixed assets (1) 159 52 221 (1) In 2022, gains (losses) on disposal of fixed assets related to the sale and leaseback transactions amount to 14 million euros and includes property asset disposals in Poland. In 2021, included property asset disposals in France for 10 million euros. In 2020, included property asset disposals in France and mobile site disposal in Spain for 143 million euros. |
Schedule of impairment of fixed assets | (in millions of euros) 2022 2021 2020 Mobile Financial Services (1) (21) — — Enterprise (20) — — France (15) (1) (15) Poland (2) (11) (7) International Carriers & Shared Services — (2) (7) Other 1 (2) (1) Total of impairment of fixed assets (56) (17) (30) (1) |
Schedule of other assumptions that affect the assessment of the recoverable amount | December 31, December 31, December 31, 2022 2021 2020 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 1.4 % 1.3 % 1.2 % Post-tax discount rate 8.2 % 7.7 % 6.9 % Pre-tax discount rate 10.5 % 9.8 % 8.3 % 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 | December 31, 2022 December 31, December 31, 2021 2020 Gross value Accumulated Accumulated Net book Net book Net book depreciation impairment value value value and (in millions of euros) amortization Telecommunications licenses 12,688 (5,773) (46) 6,869 6,691 6,322 Software 14,235 (9,887) (69) 4,280 4,331 4,288 Orange brand 3,133 — — 3,133 3,133 3,133 Other brands 1,085 (136) (889) 60 69 78 Customer bases 5,270 (5,009) (15) 246 346 469 Other intangible assets 2,276 (1,715) (203) 358 370 844 Total 38,686 (22,519) (1,221) 14,946 14,940 15,135 (in millions of euros) 2022 2021 2020 Net book value of other intangible assets - in the opening balance 14,940 15,135 14,737 Acquisitions of other intangible assets 2,678 2,842 2,935 o/w telecommunications licenses (1) 1,060 926 969 Impact of changes in the scope of consolidation (2) 35 (888) 31 Disposals (5) (4) (4) Depreciation and amortization (2,418) (2,363) (2,309) Impairment (33) (40) (24) Translation adjustment (245) 92 (176) Reclassifications and other items (3) (7) 165 (55) Net book value of other intangible assets - in the closing balance 14,946 14,940 15,135 (1) In 2022, mainly includes the acquisition of the 5G licenses in Romania for 319 million euros and in Belgium for 213 million euros, and for the 2600 MHz band license in Egypt for 311 million euros. In 2021, included the acquisition of the 5G license in Spain for 611 million euros and the renewals in France of the 2G licenses for 207 million euros and the 3G licenses for 57 million of euros. In 2020, included to the acquisition of the 5G license in France for 875 million euros and in Slovakia for 37 million euros. (2) In 2021, mainly included the effects of the loss of sole control over Orange Concessions. (3) In 2021, mainly included incentive bonus fees on penetration rates and business continuity payable by the Public Initiative Networks to the local authorities for 195 million euros. Internal costs capitalized as intangible assets Internal costs capitalized as intangible assets include to labor expenses and amount to 418 million euros in 2022, 399 million euros in 2021 and 405 million euros in 2020. Information on telecommunications licenses at December 31, 2022 Orange’s principal commitments under licenses awarded are disclosed in Note 16. (in millions of euros) Gross value Net book value Residual useful life (1) 5G (2 licenses) 876 754 12.8 and 14.4 LTE (5 licenses) 2,187 1,356 8.8 to 14.4 UMTS (3 licenses) 342 155 7.4 to 13.9 GSM (2 licenses) 208 171 8.3 and 13.9 France 3,613 2,436 5G (4 licenses) 1,041 956 8.0 and 18.7 LTE (3 licenses) 545 279 8.0 to 8.3 GSM (2 licenses) 285 98 9.0 Spain 1,871 1,333 LTE (6 licenses) 1,200 459 4.7 to 15 UMTS (1 license) 76 33 6.6 Poland 1,276 492 LTE (2 license) 543 429 9.0 and 11.0 UMTS (1 license) 103 27 9.0 GSM (2 licenses) 291 67 9.0 Egypt 937 523 LTE (1 license) 59 40 13.0 UMTS (1 license) 28 9 10.0 GSM (1 license) 725 135 10.0 Morocco 812 184 5G ( 1 license) 319 319 25.0 LTE (1 license) 184 77 6.3 UMTS (1 license) 100 47 8.0 GSM (1 license) 292 91 6.3 Romania 895 534 5G ( 1 license) 66 66 25.0 LTE (1 license) 94 48 17.4 UMTS (3 licenses) 151 66 12.2 à 20.3 GSM (1 license) 203 78 16.3 Jordan 514 258 5G ( 2 licenses) 236 230 17.3 to 19.7 LTE (2 licenses) 140 74 4.4 and 10.9 Belgium 376 304 5G (3 licenses) 54 51 2.7 to 20.3 LTE (3 licenses) 76 31 2.7 to 6 UMTS (1 license) 46 8 3.7 GSM (1 license) 66 9 3.0 Slovensko 242 99 Other 2,152 706 Total 12,688 6,869 (1) In number of years, at December 31, 2022. |
Schedule of property, plant and equipment | December 31, 2022 December 31, December 31, 2021 2020 (in millions of euros) Gross value Accumulated Accumulated Net book Net book Net book depreciation impairment value value value and amortization Networks and devices 99,243 (70,757) (398) 28,088 27,155 25,825 Land and buildings 8,156 (5,624) (233) 2,299 2,117 2,018 IT equipment 3,943 (3,149) (1) 793 784 801 Other property, plant and equipment 1,731 (1,265) (6) 460 428 431 Total property, plant and equipment 113,073 (80,795) (639) 31,640 30,484 29,075 (in millions of euros) 2022 2021 2020 Net book value of property, plant and equipment - in the opening balance 30,484 29,075 28,423 Acquisitions of property, plant and equipment 6,329 5,947 5,848 o/w financed assets 229 40 241 Impact of changes in the scope of consolidation (1) 262 130 0 Disposals and retirements (181) (102) (154) Depreciation and amortization (2) (4,725) (4,796) (4,880) o/w fixed assets (4,618) (4,712) (4,825) o/w financed assets (107) (84) (55) Impairment (23) (5) (6) Translation adjustment (291) 129 (319) Reclassifications and other items (3) (216) 105 164 Net book value of property, plant and equipment - in the closing balance 31,640 30,484 29,075 (1) In 2022, includes 261 million euros for the purchase price allocation of Telekom Romania Communications (see Note 3.2) Mainly related, in 2021, to the effects of the acquisition of Telekom Romania Communications and the loss of sole control over the FiberCo in Poland (see Note 3.2). (2) In 2022, includes the effect of the extension of the amortization period of the copper network in France, resulting in a decrease in depreciation and amortization of 135 million euros. (3) In 2022, mainly includes the effect of the increase in discount rates on dismantling assets (see Note 8.7). |
Schedule of reconciliation of fixed asset payable | (in millions of euros) 2022 2021 2020 Fixed assets payable - in the opening balance 4,481 4,640 3,665 Business related variations 124 (206) 1,002 o/w telecommunication licences payable (1) 51 143 618 Changes in the scope of consolidation (2) — (199) — Translation adjustment (54) 31 (50) Reclassifications and other items (3) 30 216 23 Fixed assets payable - in the closing balance 4,581 4,481 4,640 o/w long-term fixed assets payable 1,480 1,370 1,291 o/w short-term fixed assets payable 3,101 3,111 3,349 (1) In 2022, includes 241 million euros relating to the acquisition of the 5G license in Romania, and (153) million euros paid out for 5G licenses in France. In 2021, included 192 million euros relating to the acquisition of 5G in Spain and (150) million euros paid out for the 5G license in France. Included, in 2020, 725 million euros for the acquisition of the 5G license in France. (2) Included ( 241 ) million euros in 2021 resulting from the loss of exclusive control of Orange Concessions (see Note 3.2). (3) In 2021, mainly included incentive bonus fees on penetration rates and business continuity payable by the Public Initiative Networks to the local authorities for 195 million euros. |
Schedule of reconciliation of provisions for dismantling | (in millions of euros) 2022 2021 2020 Dismantling provisions - in the opening balance 897 901 827 Provision reversal with impact on income statement — — — Discounting with impact on income statement 36 11 2 Utilizations without impact on income statement (20) (18) (12) Changes in provision with impact on assets (1) (221) 3 79 Changes in the scope of consolidation — — — Translation adjustment (5) — (10) Reclassifications and other items 10 — 16 Dismantling provisions - in the closing balance 696 897 901 o/w non-current provisions 670 876 885 o/w current provisions 26 21 16 (1) |
Lease agreements (Tables)
Lease agreements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Lease agreements | |
Schedule of right-of-use-assets | (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Gross value Accumulated Accumulated Net book Net book value Net book value depreciation impairment value and amortization Land and buildings 8,134 (3,090) (377) 4,667 4,930 4,865 Networks and devices (1) 4,241 (1,192) — 3,049 2,516 1,931 IT equipment 189 (130) (0) 59 55 30 Other 354 (193) (0) 161 201 184 Total right-of-use assets 12,918 (4,605) (377) 7,936 7,702 7,009 (1) The increase in right-of-use assets includes the effect of the development of a secondary market for co-financed and leased lines. (in millions of euros) 2022 2021 2020 Net book value of right-of-use assets - in the opening balance 7,702 7,009 6,700 Increase (new right-of-use assets) (1) 1,930 2,172 1,529 Impact of changes in the scope of consolidation — 34 1 Depreciation and amortization (1,507) (1,481) (1,384) Impairment (2) (54) (91) (57) Impact of changes in the assessments (49) 74 331 Translation adjustment (35) 46 (104) Reclassifications and other items (52) (62) (7) Net book value of right-of-use assets - in the closing balance 7,936 7,702 7,009 (1) In 2021, included the right-of-use assets related to the new headquarters of the Orange group (Bridge) in France for 294 million euros. (2) Impairment losses on right-of-use assets mainly concern real estate leases classified as onerous contracts. |
Schedule of undiscounted future cash flows of lease liabilities | (in millions of euros) 2022 2021 2020 Lease liabilities - in the opening balance 8,065 7,371 6,932 Increase with counterpart in right-of-use 1,915 2,158 1,582 Impact of changes in the scope of consolidation 1 34 1 Decrease in lease liabilities following rental payments (1,514) (1,624) (1,400) Impact of changes in the assessments (43) 74 326 Translation adjustment (29) 47 (96) Reclassifications and other items 16 4 26 Lease liabilities - in the closing balance 8,410 8,065 7,371 o/w non-current lease liabilities 6,901 6,696 5,875 o/w current lease liabilities 1,509 1,369 1,496 The following table details the undiscounted future cash flows of lease liabilities as known at December 31, 2022: (in millions of euros) Total 2023 2024 2025 2026 2027 2028 and beyond Undiscounted lease liabilities 9,580 1,646 1,381 1,204 1,028 944 3,377 |
Taxes (Tables)
Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Taxes | |
Operating taxes and levies recognized in the income statement | (in millions of euros) 2022 2021 2020 Territorial Economic Contribution, IFER (1) (642) (652) (795) Spectrum fees (373) (360) (341) Levies on telecommunication services (333) (329) (319) Other operating taxes and levies (534) (586) (469) Total (1,882) (1,926) (1,924) (1) In 2021, included a reduction in the territorial economic contribution (cotisation économique territoriale – CET) of 139 million euros. This decrease is explained by the reduction in the applicable rate of the business value added tax (cotisation sur la valeur ajoutée – CVAE), which is the main component of the CET. |
Operating taxes and levies in the statement of financial position | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Value added tax (VAT) 1,114 1,025 966 Other operating taxes and levies 151 138 138 Operating taxes and levies - receivables 1,265 1,163 1,104 Value added tax (VAT) (687) (682) (652) Territorial Economic Contribution, IFER and similar taxes (96) (89) (87) Spectrum fees (19) (18) (21) Levies on telecommunication services (107) (143) (128) Other operating taxes and levies (496) (504) (391) Operating taxes and levies - payables (1,405) (1,436) (1,279) Operating taxes and levies - net (140) (273) (175) |
Net operating taxes and levies (payable) | (in millions of euros) 2022 2021 2020 Net tax liabilities and operating taxes and levies - in the opening balance (273) (175) (197) Operating taxes and levies recognized in profit or loss (1,882) (1,926) (1,924) Operating taxes and levies paid (1) 1,906 1,914 1,929 Changes in the scope of consolidation — (67) — Translation adjustment 42 (19) 20 Reclassifications and other items 68 (1) (3) Net tax liabilities and operating taxes and levies - in the closing balance (140) (273) (175) (1) In 2021, included the reclassification in the consolidated statement of cash flows of |
Income tax in profit and loss | (in millions of euros) 2022 2021 2020 Orange SA tax group (541) 3 1,556 • Current tax (417) (129) 1,801 o/w tax income related to the 2005-2006 tax dispute — — 2,246 o/w current tax excluding the tax income related to the 2005-2006 tax dispute (417) (129) (444) • Deferred tax (124) 133 (246) Spanish tax group 50 (115) (146) • Current tax — — (40) • Deferred tax 50 (115) (106) Africa & Middle-East (528) (431) (341) • Current tax (536) (420) (343) • Deferred tax 8 (11) 2 United Kingdom (74) (264) (137) • Current tax (75) (76) (75) • Deferred tax 1 (188) (63) Other subsidiaries (1) (172) (156) (83) • Current tax (140) (125) (99) • Deferred tax (32) (31) 16 Total Income taxes (1,265) (962) 848 Current tax (1,168) (750) 1,245 o/w tax income related to the 2005-2006 tax dispute — — 2,246 o/w current tax excluding the tax income related to the 2005-2006 tax dispute (1,168) (750) (1,001) Deferred tax (97) (212) (396) (1) In 2021, included a tax expense of ( 74 ) million euros in Poland related notably to the gain arising from the loss of sole control over the FiberCo (see Note 3.2). |
Effective income tax on continuing operations | (in millions of euros) Note 2022 2021 2020 Profit before tax 3,882 1,740 4,207 Statutory tax rate in France 25.83 % 28.41 % 32.02 % Theoretical income tax (1,003) (494) (1,347) Reconciling items : Tax income related to the 2005-2006 tax dispute (1) — — 2,246 Impairment of goodwill (2) 7.1 (211) (1,052) — Impact related to the loss of sole control over Orange Concessions — 557 — Share of profits (losses) of associates and joint ventures — 1 (1) Adjustment of prior-year taxes (13) (23) 1 Recognition / (derecognition) of deferred tax assets 83 (149) (98) Difference in tax rates (3) 10 85 157 Change in applicable tax rates (4) — (235) (92) Other reconciling items (5) (130) 348 (18) Effective income tax (1,265) (962) 848 Effective tax rate (ETR) 32.59 % 55.31 % (20.17) % (1) 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'État on the tax dispute relating to fiscal years 2005–2006. Excluding this effect, the Group ETR was 33.2% in 2020. (2) Reconciliation effect calculated based on the tax rate applicable to the parent company of the Group. The difference in tax rates between the parent company and the subsidiary locally is presented below in “Difference in tax rates.” In 2022, impairment losses recorded on goodwill generates a reconciliation effect at the Group tax rate of ( 211 ) million euros. Excluding this effect, the Group ETR is 26.9% in 2022. In 2021, the impairment loss of ( 3,702 ) million euros recorded on goodwill in Spain generated a reconciliation effect at the Group tax rate of ( 1,052 ) million euros. Excluding this effect, the Group ETR was 17.7% in 2021. (3) The Group is present in jurisdictions in which tax rates are different from the French tax rate, mainly the United Kingdom (tax rate of 19% ), Romania (tax rate of 16% ), Poland (tax rate of 19% ) and Guinea (tax rate of 35% ). (4) Takes into account the remeasurement of deferred tax following tax legislation introducing changes in tax rates, as well as the impact of recognizing deferred tax in the period at tax rates different from the rate applicable in the current fiscal year. (5) In 2021, included a tax income recorded resulting from the reassessment of an income tax charge booked in periods prior to those presented. |
Corporate income tax on other comprehensive income | (in millions of euros) 2022 2021 2020 Gross Deferred Gross Deferred Gross Deferred amount tax amount tax amount tax Actuarial gains and losses on post-employment benefits 176 (47) 59 (14) (13) 1 Assets at fair value (112) — 11 — 94 — Cash flow hedges 295 (70) 317 (84) 22 (10) Translation adjustment (374) — 200 — (414) — Other comprehensive income of associates and joint ventures 51 — 1 — — — Total presented in other comprehensive income 37 (117) 587 (98) (311) (9) |
Tax position in the statement of financial position | December 31, 2022 December 31, 2021 December 31, 2020 (in millions of euros) Assets Liabi-lities Net Assets Liabi-lities Net Assets Liabi-lities Net Orange SA tax group • Current tax — 31 (31) 26 — 26 — 359 (359) • Deferred tax (1) 135 — 135 362 — 362 327 — 327 Spanish tax group • Current tax 1 — 1 13 — 13 12 — 12 • Deferred tax (2) — 161 (161) — 211 (211) — 95 (95) Africa & Middle-East • Current tax 68 395 (327) 62 328 (266) 45 228 (183) • Deferred tax 128 58 70 127 93 34 103 55 48 United Kingdom • Current tax 2 — 2 — 5 (5) — 4 (4) • Deferred tax (3) — 786 (786) — 787 (787) — 600 (600) Other subsidiaries • Current tax 77 112 (34) 80 92 (12) 70 82 (12) • Deferred tax 157 120 38 202 94 109 244 105 139 Total • Current tax 149 538 (389) 181 425 (244) 128 673 (545) • Deferred tax 421 1,124 (704) 692 1,185 (493) 674 855 (181) (1) Mainly includes deferred tax assets on employee benefits. (2) The recognized deferred tax assets are offset by deferred tax liabilities on goodwill which is tax deductible. (3) Mainly deferred tax liabilities on the Orange brand. |
Change in net current tax | (in millions of euros) 2022 2021 2020 Net current tax assets/(liabilities) in the opening balance (244) (545) (629) Cash tax payments/(reimbursements) (1)(2) 1,022 1,028 (1,160) Change in income statement (2) (1,168) (750) 1,245 Change in other comprehensive income — — — Change in retained earnings (3) (2) 29 (2) Changes in the scope of consolidation — 1 — Translation adjustment 2 (7) 4 Reclassification and other items 1 — (4) Net current tax assets/(liabilities) in the closing balance (389) (244) (545) (1) In 2022, includes a tax refund of 11 million euros related to the loss of sole control over the FiberCo in Poland, reclassified in investing activities in the consolidated statement of cash flows. (2) In 2021, included disbursements and tax expenses on gains arising from the loss of sole control over Orange Concessions in France and FiberCo in Poland, in the amounts of 47 million euros and 27 million euros respectively, reclassified in investing activities in the consolidated statement of cash flows. In 2020, included a reimbursement and tax income of 2,246 million euros in respect of the tax dispute for 2005–2006. (3) Mainly corresponds to the tax effect of 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) 2022 2021 2020 Net deferred tax assets/(liabilities) in the opening balance (493) (181) 238 Change in income statement (97) (212) (396) Change in other comprehensive income (117) (98) (9) Change in retained earnings — 5 — Change in the scope of consolidation (21) (1) (2) Translation adjustment 25 (5) (10) Reclassification and other items — (1) (2) Net deferred tax assets/(liabilities) in the closing balance (704) (493) (181) |
Deferred tax assets and liabilities by type | December 31, 2022 December 31, 2021 December 31, 2020 Income Income Income (in millions of euros) Assets Liabilities state-ment Assets Liabilities state-ment Assets Liabilities state-ment Provisions for employee benefit obligations 679 — 22 705 — 218 499 — (154) Fixed assets 465 1,481 (75) 528 1,476 (218) 552 1,275 (111) Tax losses carryforward 3,935 — 20 3,958 — 37 3,887 — 8 Other temporary differences 2,658 3,168 (145) 2,673 2,960 (76) 2,690 2,821 (71) Deferred tax 7,736 4,649 (178) 7,865 4,436 (38) 7,629 4,096 (327) Depreciation of deferred tax assets (3,791) — 80 (3,922) — (174) (3,714) — (69) Netting (3,525) (3,525) — (3,251) (3,251) — (3,241) (3,241) — Total 421 1,124 (97) 692 1,185 (212) 674 855 (396) |
Interests in associates and j_2
Interests in associates and joint ventures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Interests in associates and joint ventures | |
Schedule of interests in associates and joint ventures | (in millions of euros) Company Main activity Main co- % December 31, December 31, December 31, shareholder interest 2022 2021 2020 Entities jointly controlled Orange Concessions and its subsidiaries Operation / maintenance related to Public Initiative Networks Consortium HIN (50%) 50 % 1,057 1,049 — Swiatłowod Inwestycje Sp. z o.o. ( FiberCo in Poland) Construction / operation in Poland APG Group (50%) 50 % 306 298 — Mauritius Telecom Telecommunications operator in Mauritius Mauritius government (34%) 40 % 72 65 70 Other 17 10 10 Entities under significant influence Orange Tunisie Telecommunications operator in Tunisia Investec (51%) 49 % 17 2 — Savoie connectée Fiber infrastructure operator Covage (70%) 30 % 7 7 5 IRISnet Telecommunications operator in Belgium MRBC (54%) 22 % 6 6 5 Odyssey Music Group (Deezer) (1) Streaming platform AI European Holdings SARL NA NA — 5 Other 3 3 2 Total associates and joint ventures 1,486 1,440 98 (1) Following Deezer's initial public offering in 2022, the Orange group no longer has any significant influence on the entity (see Note 3.2). The change in interests in associates and joint ventures is as follows: (in millions of euros) 2022 2021 2020 Interests in associates and joint ventures - in the opening balance 1,440 98 103 Dividends (5) (3) (4) Share of profits (losses) (2) 3 (2) Impairment loss — — (0) Change in components of other comprehensive income (1) 51 3 — Changes in the scope of consolidation (2) (3) 1,345 — Change in capital 11 3 19 Translation adjustment (2) (4) (12) Reclassifications and other items (3) (6) (6) Interests in associates and joint ventures - in the closing balance 1,486 1,440 98 (1) In 2022, includes the effect of the change in fair value of cash flow hedge derivatives, net of tax, recognized in other comprehensive income for 33 million euros of Orange Concessions, and 18 million euros of the FiberCo in Poland. (2) In 2021, changes in the scope of consolidation mainly concerned Orange Concessions and the FiberCo in Poland, as described in Note 3.2. |
Schedule of operations performed between the Group and the interests in associates and joint ventures | (in millions of euros) December 31, 2022 December 31, 2021 Orange Swiatłowod Orange Swiatłowod Concessions Inwestycje Sp. z o.o. Concessions Inwestycje Sp. z o.o. Assets (1) Non-current assets 3,699 372 3,029 168 Current assets 417 197 519 171 Total assets 4,115 569 3,548 339 Liabilities Shareholder's equity 2,117 281 1,991 257 Non-current liabilities 1,494 198 1,054 45 Current liabilities 505 90 502 36 Total equity and liabilities 4,115 569 3,548 339 Income statement Revenue 768 29 112 7 Operating income (7) (4) (16) (3) Finance costs, net (35) (5) (5) 16 Income tax 8 1 7 (3) Net income (35) (8) (14) 10 (1) Assets are recognized by Orange Concessions in accordance with the provisions of IFRIC 12 “Service Concession Arrangements.” |
Related party transactions (Tab
Related party transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Related party transactions | |
Schedule of transactions with the main associates and joint ventures | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Assets Non-current financial assets 43 43 9 Trade receivables 254 417 39 o/w Orange Concessions (1) 209 372 — Current financial assets 12 12 5 Other current assets 40 52 — Liabilities Current financial liabilities — — — Trade payables 11 14 5 Other current liabilities 2 1 0 Customer contract liabilities 154 153 3 o/w Swiatlowod Inwestycje Sp.z o.o. (2) 146 151 — Income statement Revenue 726 139 14 o/w Orange Concessions 705 124 — Operating income 700 135 (7) Finance costs, net 2 1 — Net income 702 129 (7) (1) Transactions between the Group and Orange Concessions mainly comprise Orange SA receivables from Orange Concessions in relation with fiber deployment and maintenance activities operated by the Group. (2) Customer contract liabilities mainly correspond to the recognition of deferred income by Orange Polska in connection with the prepayment of services provided to the FiberCo in Poland. |
Financial assets, liabilities_2
Financial assets, liabilities and financial results (telecom activities) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 Finance telecom financial activities Services activities /mobile statements finance services Non-current financial assets related to Mobile Financial Services activities 656 — 656 17.1.1 — Non-current financial assets 977 1,004 13.7 — (27) (1) Non-current derivatives assets 1,458 1,342 13.8 116 17.1.3 — Current financial assets related to Mobile Financial Services activities 2,742 — 2,747 17.1.1 (6) Current financial assets 4,541 4,541 13.7 — — Current derivatives assets 112 112 13.8 — 17.1.3 — Cash and cash equivalents 6,004 5,846 14.3 158 — Non-current financial liabilities related to Mobile Financial Services activities 82 — 109 17.1.2 (27) (1) Non-current financial liabilities 31,930 31,930 13.3 — — Non-current derivatives liabilities 397 335 13.8 62 17.1.3 — Current financial liabilities related to Mobile Financial Services activities 3,034 — 3,034 17.1.2 — Current financial liabilities 4,702 4,708 13.3 — (6) Current derivatives liabilities 51 51 13.8 — 17.1.3 — (1) Loan granted by Orange SA to Orange Bank. |
Schedule of financial assets | Financial assets break down as follows: (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Non-current Current Total Total Total Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss 419 — 419 431 431 Investments securities 419 — 419 431 431 Financial assets at fair value through profit or loss 243 4,502 4,745 2,496 3,990 Investments at fair value (1) — 4,500 4,500 2,266 3,206 Investments securities 206 — 206 203 141 Cash collateral paid (2) 38 — 38 27 642 Other — 2 2 — — Financial assets at amortized cost 342 39 381 363 382 Receivables related to investments (3) 77 28 106 105 55 Other 264 11 275 258 327 Total financial assets 1,004 4,541 5,545 3,290 4,803 (1) NEU Commercial Paper and bonds only (see Note 14.3). (2) See Note 14.5. (3) Including a loan of 27 million euros from 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 | Notional currency Initial Maturity Interest rate Issuer Type of operations Amounts nominal (%) in millions amount of euros (in millions of currency) EUR 500 May 18, 2032 2.375 Orange SA Issuance 500 MAD 300 June 3, 2026 2.600 Médi Telecom Issuance 28 MAD 1,200 June 3, 2026 1Y BDT + 0.55 Médi Telecom Issuance 112 EUR 750 November 16, 2031 3.625 Orange SA Issuance 750 Total of issuances 1,390 EUR 500 September 16, 2022 3.375 Orange SA Repayment at maturity (500) EUR 750 September 11, 2023 0.750 Orange SA Early repayment (7) MAD 1,090 December 18, 2025 3.970 Médi Telecom Regular annual basis repayment (15) MAD 720 December 18, 2025 1Y BDT + 1.00 (1) Médi Telecom Regular annual basis repayment (10) MAD 1,002 December 10, 2026 3.400 Médi Telecom Regular annual basis repayment (13) MAD 788 December 10, 2026 1Y BDT + 0.85 (1) Médi Telecom Regular annual basis repayment (11) MAD 300 June 3, 2026 2.600 Médi Telecom Regular annual basis repayment (4) MAD 1,200 June 3, 2026 1Y BDT + 0.55 (1) Médi Telecom Regular annual basis repayment (14) Total of repayments (572) (1) The 1Y BDT rate corresponds to the 52 weeks Moroccan treasury notes rate (recalculated once a year). |
Schedule of equity securities measured at fair value through other comprehensive income that may not be reclassified to profit or loss | (in millions of euros) 2022 2021 2020 Investment securities measured at fair value through other comprehensive income that will not be reclassified to profit or loss - in the opening balance 432 431 277 Acquisitions (1) 98 85 81 Changes in fair value (2) (108) 11 94 Sales (7) (95) (20) Other movements 3 — (2) Investment securities measured at fair value through other comprehensive income that will not be reclassified to profit or loss - in the closing balance 419 432 431 |
Schedule of equity securities measured at fair value through profit or loss | Equity securities measured at fair value through profit or loss (in millions of euros) 2022 2021 2020 Investment securities measured at fair value through profit or loss - in the opening balance 203 141 133 Changes in fair value 10 34 8 Other movements (8) 27 — Investment securities measured at fair value through profit or loss - in the closing balance 205 203 141 |
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 (311) Cross Currency Swap Forward Interest rate swap FX swap 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 — — Hedged item Bonds and credit Purchases of handsets Bonds and Finance lines 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 Commodity risk Hedging instruments 893 Cross Currency Swap Forward Interest rate swap Commodity swap FX swap Option Option Option Carrying amount - asset 1,065 1,002 3 — 74 Carrying amount – liability (172) (156) (11) (5) — Change in cash flow hedge reserve 288 225 (6) 9 60 Gain (loss) recognized in other comprehensive income 304 244 (8) 9 59 Reclassification in financial result (19) (19) — — — Reclassification in operating income (1) — (1) — — Reclassification in initial carrying amount of hedged item 4 — 4 — — Cash flow hedge reserve 497 457 (4) (5) 49 o/w related to unmatured hedging instruments 114 74 (4) (5) 49 o/w related to discontinued hedges 383 383 — — Hedged item Bonds and credit lines Purchases of handsets and equipment Bonds and Lease liabilities Purchase of energy Balance sheet item Current and non-current financial liabilities Property, plant and equipment Lease and Financial Liabilities - current and non-current Operating result The main hedges unmatured at December 31, 2021, 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 484 Cross Currency Swap Forward Interest rate swap FX swap Option Option Carrying amount - asset 576 575 1 — Carrying amount - liability (91) (76) — (14) Change in cash flow hedge reserve 317 311 (2) 9 Gain (loss) recognized in other comprehensive income 358 347 3 9 Reclassification in financial result (38) (36) (2) — Reclassification in operating income — — — — Reclassification in initial carrying amount of hedged item (3) — (3) — Cash flow hedge reserve 210 220 (9) (2) o/w related to unmatured hedging instruments (192) (181) (9) (2) o/w related to discontinued hedges 402 402 — — Hedged item Bonds and credit lines Purchases of handsets Bonds and Lease and equipment liabilities Current and non-current Property, plant and Lease and Financial Liabilities - Balance sheet item financial liabilities equipment current and non-current |
Schedule of maturity analysis | The nominal amounts of the main cash flow hedges as of December 31, 2022 are presented below. Notional amounts of hedging instruments per maturity (in millions of hedged currency units) 2023 2024 2025 2026 2027 and beyond Orange SA Cross currency swaps CHF — — 400 — 100 (1) GBP — — 262 — 2,250 (2) HKD 1,110 — — — 939 (3) NOK — — 500 — 800 (4) USD — — — — 4,200 (5) Interest rate swaps EUR — — — — 100 (6) FX Forward USD 130 — — — — Commodity swap PLN 27.3 60.7 62.4 29.7 95.3 (7) (1) 100 million Swiss francs maturing in 2029. (2) 500 million pounds sterling maturing in 2028, 750 million pounds sterling maturing in 2032, 500 million pounds sterling maturing in 2034 and 500 million pounds sterling maturing in 2050. (3) 939 million Hong Kong dollars maturing in 2034. (4) 800 million Norwegian kroner maturing in 2028. (5) 2,450 million US dollars maturing in 2031, 900 million US dollars maturing in 2042 and 850 million US dollars maturing in 2044. (6) 100 million euros maturing in 2030. (7) In hedging of electricity purchases for 1.8 terawatt-hours (TWh), including 1.1 TWh for 2027 and beyond. |
Telecom activities, operating segment [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of net financial debt | (in millions of euros) Note December 31, December 31, December 31, 2022 2021 2020 TDIRA 13.4 638 636 636 Bonds 13.5 29,943 29,010 29,848 Bank loans and from development organizations and multilateral lending institutions 13.6 3,309 3,206 3,671 Debt relating to financed assets 316 245 295 Cash collateral received 14.5 1,072 389 31 NEU Commercial Paper (1) 1,004 1,457 555 Bank overdrafts 250 342 154 Other financial liabilities 105 64 70 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 36,638 35,348 35,260 Current and non-current Derivatives (liabilities) 13.8 386 285 804 Current and non-current Derivatives (assets) 13.8 (1,455) (689) (294) Other comprehensive income components related to unmatured hedging instruments 13.8 114 (192) (541) Gross financial debt after derivatives (a) 35,684 34,751 35,229 Cash collateral paid (2) 14.5 (38) (27) (642) Investments at fair value (3) 14.3 (4,500) (2,266) (3,206) Cash equivalents 14.3 (3,178) (5,479) (5,140) Cash (2,668) (2,709) (2,751) Other financial assets (2) — — Assets included in the calculation of net financial debt (b) (10,386) (10,481) (11,740) Net financial debt (a) + (b) 25,298 24,269 23,489 (1) Negotiable European Commercial Paper (formerly called "commercial paper"). (2) Only cash collateral paid, included in non-current financial assets of the consolidated statement of financial position, is deducted from gross financial debt. (3) 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 net finance costs and other comprehensive income on financial assets and liabilities | Finance costs, net Other compre- hensive income Cost of gross Gains Cost of net Foreign Other net Finance Reserves financial debt (1) (losses) on financial debt exchange financial costs, net assets gains expenses contributing (losses) to net financial (in millions of euros) debt 2022 Financial assets — 48 48 (38) 55 (110) Financial liabilities (1,023) — (1,023) (196) 0 — Lease liabilities — — — — (145) — Derivatives 245 — 245 137 (0) 288 Discounting expense — — — — (3) — Total (779) 48 (731) (97) (92) (920) 178 2021 Financial assets — (3) (3) 47 75 11 Financial liabilities (1,018) — (1,018) (637) (0) — Lease liabilities — — — — (120) — Derivatives 188 — 188 655 0 322 Discounting expense — — — — 31 — Total (830) (3) (833) 65 (14) (782) 332 2020 Financial assets — (1) (1) (151) 39 94 Financial liabilities (1,152) — (1,152) 623 — — Lease liabilities — — — — (120) — Derivatives 52 — 52 (576) — 22 Discounting expense — — — — (29) — Total (1,100) (1) (1,102) (103) (110) (1,314) 116 (1) Includes interest on debts related to financed assets of ( 3 ) million euros in 2022 and ( 1 ) million euros in 2021 and 2020. |
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, 2021 Cash flows Other changes with no impact on cash flows December 31, 2022 Changes in the scope of consolidation Foreign exchange movement Other TDIRA 636 — — — 2 638 Bonds 29,010 813 — 88 32 (1) 29,943 Bank loans and from development organizations and multilateral lending institutions 3,206 135 6 (28) (11) 3,309 Debt relating to financed assets 245 (97) — — 168 316 Cash collateral received 389 684 — — — 1,072 NEU Commercial Paper 1,457 (456) — — 3 1,004 Bank overdrafts 342 (39) — (46) (7) 250 Other financial liabilities 64 (1) 4 4 35 105 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 35,348 1,038 10 18 222 36,638 Net derivatives (405) (91) — (213) (360) (1,069) Cash collateral paid (27) (12) — — — (38) Cash flows from financing activities 936 (1) Mainly corresponding to changes in accrued interest not yet due. (in millions of euros) December 31, Cash Other changes with no impact December 31, 2020 flows on cash flows 2021 Changes in Foreign the scope of exchange consolidation movement Other TDIRA 636 — — — — 636 Bonds 29,848 (1,385) — 599 (52) (1) 29,010 Bank loans and from development organizations and multilateral lending institutions 3,671 (496) — 27 3 3,206 Debt relating to financed assets 295 (80) — — 30 245 Cash collateral received 31 358 — — — 389 NEU Commercial Paper 555 903 — — (1) 1,457 Bank overdrafts 154 173 — 15 — 342 Other financial liabilities 70 (136) (41) 3 168 64 Current and non-current financial liabilities (excluding derivatives) included in the calculation of net financial debt 35,260 (663) (41) 644 148 35,348 Net derivatives 510 201 — (457) (659) (405) Cash collateral paid (642) 615 — — — (27) Cash flows from financing activities 153 (1) Mainly corresponding to changes in accrued interest 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 26,013 4,132 2,900 75 186 94 465 1,817 35,683 Financial assets included in the calculation of net financial debt (8,115) (650) (102) (107) (74) (87) (72) (1,179) (10,386) Net debt by currency before effect of foreign exchange derivatives (1) 17,898 3,482 2,798 (32) 112 8 393 638 25,298 Effect of foreign exchange derivatives 6,280 (3,630) (2,803) 887 — — — (735) — Net financial debt by currency after effect of foreign exchange derivatives 24,178 (147) (5) 856 112 8 393 (96) 25,298 (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, 2022 December 31, 2021 December 31, 2020 Number of securities 44,880 44,880 44,880 Equity component before deferred taxes 152 152 152 Debt component 638 636 636 o/w accrued interests not yet due 6 3 3 Paid interest 16 13 14 |
Schedule of derivatives | (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Hedging derivatives 893 484 (311) Cash flow hedge derivatives 893 484 (311) Fair value hedge derivatives — — — Derivatives held for trading (1) 176 (79) (199) Net derivatives (2) 1,069 405 (510) (1) Mainly related to the effect of the economic hedges of subsidiaries for 140 million euros in 2022, 90 million euros in 2021 and 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 (70) million euro in 2022, (165) million euros in 2021 and (210) million euro in 2020. (2) Of which foreign exchange effects of the cross-currency swaps (classified as hedging or trading) hedging foreign exchange risk on the notional amount of gross debt for 694 million euros in 2022, 657 million euros in 2021 and 251 million euros in 2020. The foreign exchange effect of the cross-currency swaps is the difference between the notional converted at the closing rate and the notional converted at the opening rate (or at the trading day spot rate in the case of a 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 amount Maturity Interest rate (%) Outstanding amount currency (in millions of December 31, December 31, December 31, currency units) 2022 2021 2020 Bonds matured before December 31, 2022 — 500 4,282 EUR 500 March 1, 2023 2.500 500 500 500 EUR 750 September 11, 2023 0.750 744 750 750 HKD 700 October 6, 2023 3.230 84 79 74 HKD 410 December 22, 2023 3.550 49 46 43 EUR 650 January 9, 2024 3.125 650 650 650 EUR 1,250 July 15, 2024 1.125 1,250 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 50 48 CHF 400 November 24, 2025 0.200 406 387 370 GBP 350 December 5, 2025 5.250 296 312 292 MAD (1) 1,090 December 18, 2025 3.970 42 59 72 MAD (1) 720 December 18, 2025 1Y BDT + 1.000 28 39 47 MAD 300 June 3, 2026 2.600 24 — — MAD (1) 1,200 June 3, 2026 1Y BDT + 0.55 94 — — EUR (1) 700 June 29, 2026 0.000 700 700 — EUR 750 September 4, 2026 0.000 750 750 750 EUR 75 November 30, 2026 4.125 75 75 75 MAD (1) 1,002 December 10, 2026 3.400 51 68 79 MAD (1) 788 December 10, 2026 1Y BDT + 0.850 40 54 62 EUR 750 February 3, 2027 0.875 750 750 750 EUR 750 July 7, 2027 1.250 750 750 750 XOF 100,000 July 15, 2027 6.500 152 152 152 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 80 76 GBP 500 November 20, 2028 8.125 564 595 556 EUR 1,250 January 15, 2029 2.000 1,250 1,250 1,250 EUR 150 April 11, 2029 3.300 150 150 150 CHF 100 June 22, 2029 0.625 102 97 93 EUR 500 September 16, 2029 0.125 500 500 500 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 EUR 100 November 6, 2030 0.000 (2) 100 100 100 USD 2,500 March 1, 2031 9.000 (3) 2,308 2,173 2,006 EUR 300 May 29, 2031 1.342 300 300 300 EUR 750 November 16, 2031 3.625 750 — — EUR 50 December 5, 2031 4.300 (zero coupon) 79 75 72 (1) Bonds issued by Médi Telecom. The 1Y BDT rate corresponds to the 52 weeks Moroccan treasury notes rate (recalculated once a year). (2) Bond bearing interest at a fixed rate of 2% until 2017 and then at CMS 10 years x 166% fixed annually ( 0 % until November 2023), floored at 0% and capped at 4% until 2023 and at 5% thereafter. (3) Bond with a step-up clause (clause that triggers a change in the coupon rate if Orange’s credit rating from the rating agencies changes – see Note 14.3). Notional Initial nominal Maturity Interest rate (%) Outstanding amount currency amount December 31, December 31, December 31, (in millions of 2022 2021 2020 currency units) EUR 50 December 8, 2031 4.350 (zero coupon) 80 77 73 EUR 50 January 5, 2032 4.450 (zero coupon) 77 74 71 GBP 750 January 15, 2032 3.250 846 893 834 EUR 750 April 7, 2032 1.625 750 750 750 EUR 500 May 18, 2032 2.375 500 — — EUR 1,000 September 4, 2032 0.500 1,000 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 EUR 1,000 December 16, 2033 0.625 1,000 1,000 — GBP 500 January 23, 2034 5.625 564 595 556 HKD 939 June 12, 2034 3.070 113 106 99 EUR 800 June 29, 2034 0.750 800 800 — EUR 300 July 11, 2034 1.200 300 300 300 EUR 50 April 16, 2038 3.500 50 50 50 USD 900 January 13, 2042 5.375 844 795 733 USD 850 February 6, 2044 5.500 797 750 693 EUR 750 September 4, 2049 1.375 750 750 750 GBP 500 November 22, 2050 5.375 564 595 556 Outstanding amount of bonds 29,654 28,737 29,524 Accrued interest 454 445 487 Amortized cost (164) (172) (163) Total 29,943 29,010 29,848 |
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, 2022 2021 2020 Sonatel 266 244 292 Orange Côte d'Ivoire 253 140 172 Orange Mali 201 207 227 Médi Telecom 183 167 220 Orange Egypt 163 137 163 Orange Burkina Faso 36 42 56 Orange Cameroon 36 78 111 Orange Jordanie 35 49 61 Orange Bail 12 3 - Orange Madagascar 12 18 19 Orange Polska S.A. 10 6 1 Other 15 15 61 Bank loans 1,222 1,105 1,384 Orange SA (1) 2,087 2,101 2,288 Loans from development organizations and multilateral lending institutions (2) 2,087 2,101 2,288 Total 3,309 3,206 3,671 (1) In 2021, Orange SA repaid at maturity a loan of 190 million euros. In 2020, Orange SA had repaid at maturity a loan of 400 million euros and negotiated a new loan of 350 million euros, maturing in 2027. (2) Entirely the European Investment Bank. |
Information on market risk an_2
Information on market risk and fair value of financial assets and liabilities (telecom activities) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Schedule of sensitivity analysis of net financial debt | Exposure in currency units Sensitivity analysis (in millions of currency units) EUR USD GBP PLN CHF Total 10% gain in 10% loss in translated euro euro Orange SA — 1 2 — 1 3 — — Orange Polska (121) (6) — — — (127) 12 (14) Orange Egypt — (101) — — — (95) 9 (11) Total (currencies) (121) (106) 2 — 1 (218) |
Schedule of sensitivity analysis of financial position due to change in foreign currency exchange risk | Contribution to consolidated net assets Sensitivity analysis EUR USD GBP PLN EGP JOD MAD Other Total 10% 10% (in millions of euros) currencies gain in loss in euro euro Net assets excluding net debt (a) (1) 50,056 224 70 3,388 781 541 925 4,269 60,254 (927) 1,133 Net debt by currency including derivatives (b) (2) (24,178) 147 5 (3) (856) (112) (8) (393) 96 (25,298) 102 (124) Net assets by currency (a) + (b) 25,878 371 74 2,532 (4) 669 533 533 4,366 34,956 (825) 1,009 (1) Excluding components of net financial debt. (2) Net financial debt as defined and used by Orange does not take into account Mobile Financial Services activities, for which this concept is not relevant (see Note 13.3). (3) Of which economic hedge of subordinated notes denominated in pounds sterling for 39 million pounds sterling (i.e. 44 million euros). (4) Share of net assets attributable to owners of the parent company in zlotys amounts to 1,283 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 EUR USD GBP PLN EGP JOD MAD Other Total 10% gain 10% loss currencies in euro in euro Revenue 31,400 1,134 282 2,630 977 456 672 5,919 43,471 (1,097) 1,341 EBITDAaL 9,389 183 7 652 360 214 202 1,956 12,963 (325) 397 Operating income 2,798 192 (14) 255 178 114 61 1,216 4,801 (182) 223 |
Schedule of undiscounted future cash flows for each financial liability shown on the statement of financial position | (in millions of euros) Note December 31, 2023 2024 2025 2026 2027 2028 Other 2022 et au-delà items (1) TDIRA 13.4 638 6 — — — — — 633 Bonds 13.5 29,943 1,941 2,010 2,410 1,595 2,030 20,121 (164) Bank loans and from development organizations and multilateral lending institutions 13.6 3,309 1,365 281 773 424 446 34 (15) Debt relating to financed assets 13.3 316 85 91 67 48 24 — — Cash collateral received 13.3 1,072 1,072 — — — — — — NEU commercial papers (2) 13.3 1,004 1,001 — — — — — 3 Bank overdrafts 13.3 250 250 — — — — — — Other financial liabilities 13.3 105 92 1 — — — 11 — Derivatives (liabilities) 13.3 386 93 — 30 — — 50 — Derivatives (assets) 13.3 (1,455) (53) (46) (69) (24) (9) (773) — Other Comprehensive Income related to unmatured hedging instruments 13.3 114 — — — — — — — Gross financial debt after derivatives 35,684 5,852 2,337 3,212 2,044 2,493 19,443 456 Trade payables 11,552 10,071 217 192 168 408 495 — Total financial liabilities (including derivatives assets) 47,236 15,923 (3) 2,554 3,404 2,212 2,901 19,938 456 Future interests on financial liabilities (4) — 1,388 1,054 899 741 742 4,439 — (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 Paper (formerly called "commercial paper"). (3) Amounts presented for 2022 correspond to notional and accrued interests for 470 million euros. (4) Mainly future interests on bonds for 8,844 million euros, on bank loans for 110 million euros and on derivatives instruments for (1,529) 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, 2022 2021 2020 Collateralised Derivatives (net) (a) 1,014 408 (520) Fair value of collateralised derivatives assets 1,374 690 283 Fair value of collateralised derivatives liabilities (360) (282) (803) Amount of cash collateral paid/(received) (b) (1,034) (362) 611 Amount of cash collateral paid 38 27 642 Amount of cash collateral received (1,072) (389) (31) Residual exposure to counterparty risk (a) + (b) (1) (20) 46 91 Non collateralised Derivatives (net) 55 (3) 10 Fair value of non collateralised derivatives assets 81 — 11 Fair value of non collateralised derivatives liabilities (26) (3) (1) (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 (821) 820 Rate decrease of 1% Rate increase of 1% Amount of cash collateral paid (received) 821 (820) A 10% increase or decrease in the euro exchange rate would affect the fair value of derivatives hedging foreign exchange risk as follows: (in millions of euros) 10% loss in euro 10% gain in euro Change of fair value of derivatives 1,302 (1,065) 10% loss in euro 10% gain in euro Amount of cash collateral received (paid) (1,302) 1,065 |
Schedule of fair value of financial assets and liabilities | (in millions of euros) December 31, 2022 Note Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 (1) value fair and value cash Trade receivables AC 6,237 6,237 — 6,237 — Financial assets 13.7 5,545 5,545 65 5,124 355 Equity securities FVOCI 421 421 65 — 355 Equity securities FVR 205 205 — 205 — Investments at fair value FVR 4,500 4,500 — 4,500 — Cash collateral paid FVR 38 38 — 38 — Financial assets at amortized cost AC 381 381 — 381 — Cash and Cash equivalents 13.3 5,846 5,846 5,846 — — Cash AC 2,668 2,668 2,668 — — Cash equivalents FVR 3,178 3,178 3,178 — — Trade payables AC (11,551) (11,551) — (11,551) — Financial liabilities 13.3 (36,638) (35,121) (27,681) (7,432) (8) Financial debts AC (36,630) (35,113) (27,681) (7,432) — Other FVR (8) (8) — — (8) Derivatives (net amount) (2) 13.8 1,069 1,069 — 1,069 — (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) The classification for derivatives depends on their hedging qualification. (in millions of euros) December 31, 2021 Note Classification Book Estimated Level 1 Level 2 Level 3 under IFRS 9 value fair value and cash Trade receivables AC 6,040 6,040 — 6,040 — Financial assets 13.7 3,291 3,291 55 2,859 377 Equity securities FVOCI 432 432 55 — 377 Equity securities FVR 203 203 — 203 — Investments at fair value FVR 2,266 2,266 — 2,266 — Cash collateral paid FVR 27 27 — 27 — Financial assets at amortized cost AC 363 363 — 363 — Cash and Cash equivalents 13.3 8,188 8,188 8,188 — — Cash AC 2,709 2,709 2,709 — — Cash equivalents FVR 5,479 5,479 5,479 — — Trade payables AC (11,163) (11,163) — (11,163) — Financial liabilities 13.3 (35,348) (42,534) (33,058) (9,466) (9) Financial debts AC (35,339) (42,524) (33,058) (9,466) — Other FVR (9) (9) — — (9) Derivatives (net amount) 13.8 405 405 — 405 — December 31, 2020 (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 5,645 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) 13.8 (510) (510) — (510) — |
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, 2021 377 (9) Gains (losses) taken to profit or loss (36) 1 Gains (losses) taken to other comprehensive income 19 — Acquisition (sale) of securities (7) — Other 2 — Level 3 fair values at December 31, 2022 355 (8) |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity. | |
Schedule of dividends paid | Full Year Approved by Description Dividend Payout date Payment Total per share method (in millions (in euro) of euros) 2022 Board of Directors Meeting on July 27, 2022 2022 interim dividend 0.30 December 7, 2022 Cash 797 Shareholders' Meeting on May 19, 2022 Balance for 2021 0.40 June 9, 2022 Cash 1,063 Total dividends paid in 2022 1,861 2021 Board of Directors Meeting on July 28, 2021 2021 interim dividend 0.30 December 15, 2021 Cash 797 Shareholders' Meeting on May 18, 2021 Balance for 2020 0.50 June 17, 2021 Cash 1,330 Total dividends paid in 2021 2,127 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 |
Schedule of issues and purchases of subordinated notes | Initial issue date Initial Initial Initial Rate December Issue December Issue December Residual nominal nominal currency 31, 2020 Redemp- 31, 2021 Redemp- 31, 2022 nominal value value (in millions tion (in millions tion (in millions value (in millions (in millions of euros) of euros) of euros) (in millions of currency) of euros) of currency) 2/7/2014 1,000 1,000 EUR 4.25 % — — — — — — 2/7/2014 1,000 1,000 EUR 5.25 % 1,000 — 1,000 — 1,000 1,000 2/7/2014 650 782 GBP 5.88 % 514 (514) — — — — 10/1/2014 1,000 1,000 EUR 4.00 % 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 % 721 (174) 547 (547) — — 4/15/2019 1,000 1,000 EUR 2.38 % 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 — 700 700 5/11/2021 500 500 EUR 1.38 % — 500 500 — 500 500 Issues and purchases of subordinated notes 5,803 (306) 5,497 (547) 4,950 |
Schedule of remuneration of subordinated notes | 2022 2021 2020 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 % — — — — — — 2/7/2014 1,000 1,000 EUR 5.25 % (53) (53) (53) (53) (53) (53) 2/7/2014 650 782 GBP 5.88 % — — (32) (36) (47) (55) 10/1/2014 1,000 1,000 EUR 4.00 % — — (3) (3) (21) (21) 10/1/2014 1,250 1,250 EUR 5.00 % (63) (63) (63) (63) (63) (63) 10/1/2014 600 771 GBP 5.75 % (41) (49) (33) (38) (36) (39) 4/15/2019 1,000 1,000 EUR 2.38 % (24) (24) (24) (24) (24) (24) 9/19/2019 500 500 EUR 1.75 % (9) (9) (9) (9) (4) (4) 10/15/2020 700 700 EUR 1.75 % (12) (12) (12) (12) — — 5/11/2021 500 500 EUR 1.38 % (7) (7) — — — — Subordinated notes remuneration classified in equity (215) (238) — (258) Coupons on subordinated notes reclassified as short-term borrowings 2 — — (21) Subordinated notes remuneration paid (213) (238) — (279) |
Schedule of translation adjustment | (in millions of euros) 2022 2021 2020 Gain (loss) recognized in other comprehensive income during the period (370) 196 (414) Reclassification to net income for the period (4) 4 0 Total translation adjustments (374) 200 (414) (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Polish zloty 603 645 668 Egyptian pound (1) (730) (444) (503) Slovak Koruna 220 220 220 Leone (217) (150) (143) Other (134) (155) (327) Total translation adjustments (258) 116 (85) o/w share attributable to the owners of the parent company (455) (96) (256) o/w share attributable to non-controlling interests 198 211 171 (1) Includes the effects of the devaluation of the Egyptian pound in 2022. |
Schedule of non-controlling interests | (in millions of euros) 2022 2021 2020 Credit part of net income attributable to non-controlling interests (a) 509 577 297 o/w sub-group Sonatel 269 243 197 o/w group Orange Polska 94 222 — o/w sub-group Orange Côte d'Ivoire 50 53 43 o/w Médi Telecom 33 19 10 o/w Jordan Telecom 29 16 11 o/w group Orange Belgium 20 12 26 Debit part of net income attributable to non-controlling interests (b) (38) (33) (63) o/w sub-group Romania (33) — — o/ w Orange Bank — (22) (51) o/ w group Orange Polska — — (3) Total part of net income attributable to non-controlling interests (a) + (b) 471 545 233 Credit part of comprehensive income attributable to non-controlling interests (a) 524 612 256 o/w sub-group Sonatel 263 263 176 o/w group Orange Polska 114 215 — o/w sub-group Orange Côte d'Ivoire 52 55 39 o/w Jordan Telecom 39 27 — o/w Médi Telecom 24 23 — o/w group Orange Belgium 19 13 25 Debit part of comprehensive income attributable to non-controlling interests (b) (37) (31) (98) o/w sub-group Romania (31) — — o/ w Orange Bank — (22) (50) o/w group Orange Polska — — (35) o/ w Jordan Telecom — — (3) Total part of comprehensive income attributable to non-controlling interests (a) + (b) 487 580 158 (in millions of euros) 2022 2021 2020 Dividends paid to non-controlling interests 328 218 225 o/w sub-group Sonatel 185 166 165 o/w sub-group Orange Côte d'Ivoire 51 29 9 o/w Orange Polska 35 — — o/w Médi Telecom 33 — 24 o/w Jordan Telecom 18 11 9 o/w group Orange Belgium — 7 14 (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Credit part of equity attributable to non-controlling interests (a) 3,183 3,030 2,653 o/w group Orange Polska 1,250 1,170 953 o/w sub-group Sonatel 907 826 755 o/w sub-group Orange Côte d'Ivoire 253 257 230 o/w sub-group Romania (1) 217 267 — o/w Jordan Telecom 193 171 154 o/w Médi Telecom 140 148 127 o/w group Orange Belgium 155 138 285 Debit part of equity attributable to non-controlling interests (b) (11) (10) (10) Total equity attributable to non-controlling interests (a) + (b) 3,172 3,020 2,643 (1) Includes the effect of the integration of Telekom Romania Communications from 30 September, 2021. In 2022, there were no significant changes in the scope of non-controlling interests. In 2021, the main movements in non-controlling interests related to the purchase of Orange Belgium minority interests, mainly under the public tender offer launched in April 2021, as well as the purchase of the remaining minority interests in Orange Bank and the acquisition of 54% of Telekom Romania Communications by Orange Romania in September 2021 (see Note 3.2). |
Schedule of earnings per share | (in millions of euros) 2022 2021 2020 Net income - basic 2,146 233 4,822 Effect of subordinated notes (200) (225) (255) Net income attributable to the owners of the parent company - basic (adjusted) 1,946 8 4,567 Impact of dilutive instruments: TDIRA 12 — 9 Net income attributable to the owners of the parent company - diluted 1,957 8 4,577 Number of shares The weighted average number of shares used to calculate the basic and diluted earnings per share is presented below: (number of shares) 2022 2021 2020 Weighted average number of ordinary shares outstanding 2,658,328,369 2,656,981,542 2,656,122,534 Impact of dilutive instruments on number of ordinary shares: TDIRA 27,269,551 — 26,945,386 Free share award plans (LTIP) 1,233,198 776,743 720,936 Weighted average number of shares outstanding - diluted 2,686,831,119 2,657,758,285 2,683,788,856 The average market price of the Orange share is higher than the fair value adopted under the free share award plans for all periods presented (see Note 6.3). The number of shares corresponding to this difference was thus dilutive at the reporting date of the periods presented. At December 31, 2022 (as at December 31, 2020), the TDIRAs were included in the calculation of diluted net earnings per share since they are dilutive. At December 31, 2021, the TDIRAs were not included in the calculation of diluted net earnings per share (lower consolidated net income in 2021) since they were anti-dilutive. Earnings per share (in euros) 2022 2021 2020 Earning per share - basic 0.73 0.00 1.72 Earning per share diluted 0.73 0.00 1.71 |
Schedule of payments received by note holders | 2022 2021 2020 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 % — — — — — — 2/7/2014 1,000 1,000 EUR 5.25 % (53) (53) (53) (53) (53) (53) 2/7/2014 650 782 GBP 5.88 % — — (32) (36) (47) (55) 10/1/2014 1,000 1,000 EUR 4.00 % — — (3) (3) (21) (21) 10/1/2014 1,250 1,250 EUR 5.00 % (63) (63) (63) (63) (63) (63) 10/1/2014 600 771 GBP 5.75 % (41) (49) (33) (38) (36) (39) 4/15/2019 1,000 1,000 EUR 2.38 % (24) (24) (24) (24) (24) (24) 9/19/2019 500 500 EUR 1.75 % (9) (9) (9) (9) (4) (4) 10/15/2020 700 700 EUR 1.75 % (12) (12) (12) (12) — — 5/11/2021 500 500 EUR 1.38 % (7) (7) — — — — Subordinated notes remuneration classified in equity (215) (238) — (258) Coupons on subordinated notes reclassified as short-term borrowings 2 — — (21) Subordinated notes remuneration paid (213) (238) — (279) |
Unrecognized contractual comm_2
Unrecognized contractual commitments (telecom activities) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Unrecognized contractual commitments (telecom activities) | |
Schedule of operating leases and maturities | (in millions of euros) Minimum future lease payments Property lease commitments 122 o/w technical activities 32 o/w shops/offices activities 90 Maturities are set forth below: (in millions of euros) Minimum Less than Between Between Between Between More than future one year one and two and three and four and five years lease two years three years four years five years payments Property lease commitments 122 35 24 16 19 6 22 |
Telecom activities, operating segment [member] | |
Unrecognized contractual commitments (telecom activities) | |
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 12,462 5,097 4,851 2,514 Operating leases commitments 148 45 76 26 Handsets purchase commitments 2,573 1,820 746 6 Transmission capacity purchase commitments 1,621 236 585 800 Other goods and services purchase commitments 5,036 1,785 2,270 981 Investment commitments 1,559 858 587 114 Public Initiative Networks commitments (1) 63 13 20 30 Guarantees granted to third parties in the ordinary course of business 1,462 338 567 556 (1) Including unrecognized contractual commitments carried by Orange SA in the context of the deployment of the High and Very High Speed network in France. The unrecognized contractual commitments relating to Orange Concessions' group are presented in Note 11.3. |
Schedule of assets covered by commitments | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Assets held under leases 1,134 998 716 Non-current pledged, mortgaged or receivership assets (1) 20 21 20 Collateralized current assets 2 2 2 Total 1,157 1,021 739 (1) Non-current pledged, mortgaged or receivership assets are shown excluding cash collateral deposits, which are presented in Note 13. Non-current pledged or mortgaged assets comprise the following assets given as guarantees: Total in statement of Amount of asset pledged, Percentage (in millions of euros) financial position (a) mortgaged or receivership (b) (b)/(a) Intangible assets, net (excluding goodwill) 14,892 19 — % Property, plant and equipment, net 31,630 2 — % Non-current financial assets 977 — — Other (1) 34,480 — — Total 81,978 20 — % (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, 2022 | |
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 Finance Services activities 656 — 656 17.1.1 — Non-current financial assets 977 1,004 13.7 — (27) (1) Non-current derivatives assets 1,458 1,342 13.8 116 17.1.3 — Current financial assets related to Mobile Financial Services activities 2,742 — 2,747 17.1.1 (6) Current financial assets 4,541 4,541 13.7 — — Current derivatives assets 112 112 13.8 — 17.1.3 — Cash and cash equivalents 6,004 5,846 14.3 158 — Non-current financial liabilities related to Mobile Finance Services activities 82 — 109 17.1.2 (27) (1) Non-current financial liabilities 31,930 31,930 13.3 — — Non-current derivatives liabilities 397 335 13.8 62 17.1.3 — Current financial liabilities related to Mobile Financial Services activities 3,034 — 3,034 17.1.2 — Current financial liabilities 4,702 4,708 13.3 — (6) Current derivatives liabilities 51 51 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, 2022 December 31, 2021 December 31, 2020 Non-current Current Total Total Total Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss 3 — 3 3 2 Investments securities 3 — 3 3 2 Financial assets at fair value through other comprehensive income that may be reclassified to profit or loss 294 3 296 441 540 Debt securities 294 3 296 441 540 Financial assets at fair value through profit or loss 50 — 50 73 94 Investments at fair value — — — — — Cash collateral paid 42 — 42 59 74 Other 8 — 8 14 20 Financial assets at amortized cost 309 2,712 3,021 2,752 2,651 Fixed-income securities 309 1 310 387 579 Loans and receivables to customers — 2,517 2,517 2,297 2,000 Loans and receivables to credit institutions — 191 191 66 70 Other — 2 2 1 2 Total financial assets related to Orange Bank activities 656 2,714 3,370 3,268 3,288 |
Schedule of debt securities measured at fair value through other comprehensive income that may be reclassified to profit or loss | (in millions of euros) 2022 2021 2020 Debt securities measured at fair value through other comprehensive income that will be reclassified to profit or loss - in the opening balance 441 540 656 Acquisitions 405 732 386 Repayments and disposals (538) (839) (500) Changes in fair value (12) — 1 Other items — 7 (3) Debt securities measured at fair value through other comprehensive income that will be reclassified to profit or loss - in the closing balance 296 441 540 (in millions of euros) 2022 2021 2020 Profit (loss) recognized in other comprehensive income during the period (2) 1 1 Reclassification adjustment in net income during the period — — — Other comprehensive income related to Orange Bank (2) 1 1 |
Schedule of assets available for sale | (in millions of euros) 2022 2021 2020 Profit (loss) recognized in other comprehensive income during the period (2) 1 1 Reclassification adjustment in net income during the period — — — Other comprehensive income related to Orange Bank (2) 1 1 |
Schedule of loans and advances | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Overdrafts (1) 900 828 802 Housing loans 956 914 869 Investment loans 72 86 129 Installment receivables (2) 519 422 183 Current accounts 28 5 10 Other 42 42 7 Total loans and receivables to customers 2,517 2,297 2,000 Overnight deposits and loans 83 2 — Loans and receivables 44 45 52 Other 64 19 18 Total loans and receivables to credit institutions 191 66 70 (1) Since October 2020, Orange Bank has been engaged in a self-subscribed securitization program of a portfolio of French personal loans for approximately 600 million euros. (2) Purchase of Orange Spain receivables. |
Schedule of financial liabilities relating to banking activities | (in millions of euros) December 31, 2022 December 31, 2021 December 31,2020 Payables to customers 1,787 1,796 1,883 Debts with financial institutions (1) 837 1,009 885 Deposit certificate 325 356 358 Cash collateral deposit 82 — — Other (2) 112 27 30 Total Financial liabilities related to Orange Bank activities (3) 3,143 3,188 3,155 (1) Including 661 million euros related to TLTRO refinancing. (2) Including 85 million euro of rate hedging credit portfolios reassessment. (3) Including 110 million euros of non-current liabilities in 2022, 27 million euros of non-current financial liabilities in 2021 and 28 million euros in 2020. |
Schedule of debts related to banking activities | (in millions of euros) December 31, December 31, December 31, 2022 2021 2020 Current accounts 680 764 949 Passbooks and special savings accounts (1) 1,010 995 908 Other 97 37 26 Total payables to customers 1,787 1,796 1,883 Term borrowings and advances 700 667 615 Securities delivered under repurchase agreements 137 331 270 Other — 11 — Total debts with credit institutions 837 1,009 885 (1) |
Schedule of remaining term to maturity of financial assets and liabilities | (in millions of euros) Note December 31, 2023 2024 to 2028 2022 2027 and beyond Investments securities 17.1.1 3 — 3 — Debt securities 17.1.1 296 272 19 5 Investments at fair value 17.1.1 — — — — Fixed-income securities 17.1.1 310 86 89 136 Loans and receivables to customers 17.1.1 2,517 524 689 1,304 Loans and receivables to credit institutions 17.1.1 191 191 — — Other financial assets and derivatives 168 59 18 91 Total financial assets 3,485 1,132 818 1,536 Payable to customers 17.1.2 1,787 1,787 — — Debts with financial institutions 17.1.2 837 776 60 — Deposit certificate 17.1.2 325 119 206 — Other financial liabilities and derivatives 256 224 — 32 Total financial liabilities 3,205 2,906 266 32 |
Mobile Finance Services | |
Disclosure of detailed information about financial instruments [line items] | |
Schedule of commitments relating to operating activities | Commitments given (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Financing commitments (1) 53 88 87 Guarantee commitments 5 6 8 On behalf of financial institutions 3 4 4 On behalf of customers 2 2 3 Property lease commitments — — — Total 59 94 94 (1) Corresponds to credit commitments granted to customers, credits granted but not yet released and unused portion of financing granted. Commitments received (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Received from financial institutions (1) 932 871 770 Received from customers 76 88 102 Total 1,008 959 872 (1) Corresponds to guarantees received from Crédit Logement to counter-guarantee the real estate loans distributed. |
Schedule of assets covered by commitments | (in millions of euros) December 31, 2022 December 31, 2021 December 31, 2020 Assets pledged as security to lending financial institutions as guarantees for bank loans (1) 726 848 1,160 Total 726 848 1,160 |
Main consolidated entities (Tab
Main consolidated entities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 Générale de Téléphone 100.00 France Orange SA - France Business Unit 100.00 France Orange Caraïbe 100.00 France Orange Concessions and its subsidiaries (1) 50.00 France Europe % Interest Country Orange Belgium 78.32 Belgium Orange Espagne 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 Romania Communications and its subsidiary 53.58 Romania Orange Slovensko 100.00 Slovakia Africa & Middle-East % Interest Country Jordan Telecom and its subsidiaries 51.00 Jordan Médi Telecom and its subsidiaries (2) 49.00 Morocco Orange Botswana 73.68 Botswana Orange Burkina Faso 85.80 Burkina Faso Orange Cameroon 94.40 Cameroon Orange Côte d'Ivoire and its subsidairies 72.50 Côte d'Ivoire Orange Egypt for Telecommunications and its subsidiaries 99.96 Egypt Orange Guinée (3) 37.60 Guinea Orange Mali (3) 29.38 Mali Orange RDC 100.00 Congo Sonatel (3) 42.33 Senegal Enterprise % Interest Country Orange SA - Enterprise Business Unit 100.00 France Orange Business Services Participations and its subsidiaries 100.00 France Orange Cyberdefense and its subsidiaries 100.00 France Globecast Holding and its subsidiaries 100.00 France International Carriers & Shared Services % Interest Country Orange SA - IC&SS Business Unit 100.00 France FT IMMO H 100.00 France OCS 66.67 France Orange Brand Services 100.00 United Kingdom Mobile Financial Services % Interest Country Orange Bank 100.00 France Totem % Interest Country Totem France 100.00 France Totem Spain 100.00 Spain (1) Orange Concessions is consolidated using the equity method. (2) Orange SA controls and consolidates Médi Telecom and its subsidiaries through a 49% equity interest and a 1.1% usufruct. (3) 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). |
Decision of the IFRS IC conce_2
Decision of the IFRS IC concerning IAS 19 "Employee Benefits" on the calculation of obligations relating to certain defined benefit pension plans (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Decision of the IFRS IC concerning IAS 19 "Employee Benefits" on the calculation of obligations relating to certain defined benefit pension plans | |
Summary of effects on the consolidated statement of financial position | (in millions of euros) January 1, Effects January 1, 2019 Effects December 31, 2020 Effects December 31, 2019 of IFRS 2019 variation of IFRS 2019 variation of IFRS 2020 IC restated IC restated IC restated decision data decision data decision data Assets Deferred tax assets 2,893 (40) 2,853 (1,901) (12) 940 (261) (5) 674 Total non-current assets 82,446 (40) 82,406 (693) (12) 81,701 886 (5) 82,582 Total assets 104,302 (40) 104,262 2,439 (12) 106,689 992 (5) 107,676 Liabilities Equity attributable to owners of the parent company 30,671 114 30,785 1,054 35 31,875 2,670 13 34,557 o/w reserves (2,060) 114 (1,946) 985 — (961) 2,927 — 1,966 o/w other comprehensive income (571) — (571) 69 35 (467) (257) 13 (711) o/w deferred tax 232 — 232 (16) (12) 203 (4) (5) 195 o/w actuarial gains and losses (504) — (504) (107) 48 (563) (33) 18 (579) Equity attributable to non-controlling interests 2,580 — 2,580 107 — 2,687 (44) — 2,643 Total Equity 33,251 114 33,364 1,161 35 34,561 2,626 13 37,200 Non-current employee benefits 2,823 (153) 2,670 (269) (48) 2,353 (351) (18) 1,984 Total non-current liabilities 39,644 (153) 39,491 4,917 (48) 44,360 (2,160) (18) 42,182 Total equity and liabilities 104,302 (40) 104,262 2,439 (12) 106,689 992 (5) 107,676 |
Auditors' fees (Tables)
Auditors' fees (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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 Deloitte subsidiaries 2022 8.8 4.6 — — 8.8 0.3 9.1 % 96 % 50 % — % — 97 % 3 % 100 % 2021 8.2 4.6 — — 8.2 0.1 8.4 % 98 % 55 % — % — 99 % 1 % 100 % KPMG 2022 10.9 4.3 0.1 — 11.0 0.9 11.9 % 92 % 36 % 1 % — 92 % 8 % 100 % 2021 9.9 4.4 0.2 0.2 10.1 0.4 10.5 % 94 % 42 % 2 % 2 % 96 % 4 % 100 % 2020 10.2 5.1 0.5 0.2 10.7 0.1 10.8 % 94 % 47 % 5 % 2 % 99 % 1 % 100 % EY 2022 — — — — — — — 2021 — — — — — 0.4 0.4 % — — — — — 100 % 100 % 2020 10.0 5.2 — — 10.1 0.4 10.5 % 96 % 50 % — % — % 96 % 4 % 100 % |
Segment information - Segment r
Segment information - Segment revenues - Tabular disclosure (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) site | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | € 43,471 | € 42,522 | € 42,270 |
Goodwill | 23,113 | 24,192 | 27,596 |
Goodwill | 23,113 | 24,192 | 27,596 |
External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 43,471 | 42,522 | 42,270 |
Convergent services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,687 | 7,417 | 7,276 |
Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 11,093 | 10,652 | 10,317 |
Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 9,120 | 9,088 | 9,277 |
IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,811 | 3,407 | 3,252 |
Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,356 | 7,702 | 8,255 |
Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,254 | 3,070 | 2,821 |
Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,150 | 1,186 | 1,072 |
Totem | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Goodwill | € 1,624 | ||
Number of sites in tower portfolio | site | 27,000 | ||
Goodwill | € 1,624 | ||
Operating segments [member] | Telecom activities and Mobile Financial Services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 42,522 | 42,270 | |
Operating segments [member] | Telecom activities, operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 43,480 | 42,530 | 42,277 |
Inter-operating segments | 9 | 7 | 7 |
Goodwill | 23,113 | 24,163 | 27,561 |
Goodwill | 23,113 | 24,163 | 27,561 |
Operating segments [member] | Telecom activities, operating segment [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 43,471 | 42,522 | 42,270 |
Operating segments [member] | Telecom activities, operating segment [member] | Convergent services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,687 | 7,417 | 7,276 |
Operating segments [member] | Telecom activities, operating segment [member] | Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 11,093 | 10,652 | 10,317 |
Operating segments [member] | Telecom activities, operating segment [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 9,121 | 9,089 | 9,278 |
Operating segments [member] | Telecom activities, operating segment [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,817 | 3,411 | 3,256 |
Operating segments [member] | Telecom activities, operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,356 | 7,702 | 8,255 |
Operating segments [member] | Telecom activities, operating segment [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,255 | 3,070 | 2,821 |
Operating segments [member] | Telecom activities, operating segment [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,152 | 1,188 | 1,073 |
Operating segments [member] | France (excluding Enterprise), operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 17,983 | 18,092 | 18,461 |
Inter-operating segments | 745 | 603 | 667 |
Goodwill | 13,176 | 14,364 | 14,364 |
Goodwill | 13,176 | 14,364 | 14,364 |
Operating segments [member] | France (excluding Enterprise), operating segment [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 17,238 | 17,489 | 17,794 |
Operating segments [member] | France (excluding Enterprise), operating segment [member] | Convergent services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 4,857 | 4,697 | 4,559 |
Operating segments [member] | France (excluding Enterprise), operating segment [member] | Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,332 | 2,276 | 2,245 |
Operating segments [member] | France (excluding Enterprise), operating segment [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,787 | 3,872 | 3,959 |
Operating segments [member] | France (excluding Enterprise), operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 4,938 | 5,313 | 5,866 |
Operating segments [member] | France (excluding Enterprise), operating segment [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,323 | 1,226 | 1,187 |
Operating segments [member] | France (excluding Enterprise), operating segment [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 746 | 708 | 644 |
Operating segments [member] | Europe (excluding France), operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 10,962 | 10,579 | 10,580 |
Inter-operating segments | 157 | 131 | 113 |
Goodwill | 4,586 | 6,079 | 9,512 |
Goodwill | 4,586 | 6,079 | 9,512 |
Operating segments [member] | Europe (excluding France), operating segment [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 10,805 | 10,449 | 10,467 |
Operating segments [member] | Europe (excluding France), operating segment [member] | Convergent services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,830 | 2,720 | 2,717 |
Operating segments [member] | Europe (excluding France), operating segment [member] | Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,869 | 2,887 | 3,038 |
Operating segments [member] | Europe (excluding France), operating segment [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,219 | 1,087 | 1,083 |
Operating segments [member] | Europe (excluding France), operating segment [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 471 | 352 | 310 |
Operating segments [member] | Europe (excluding France), operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,828 | 1,886 | 1,924 |
Operating segments [member] | Europe (excluding France), operating segment [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,559 | 1,490 | 1,375 |
Operating segments [member] | Europe (excluding France), operating segment [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 187 | 157 | 134 |
Operating segments [member] | Spain, operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 4,647 | 4,720 | 4,951 |
Inter-operating segments | 61 | 48 | 43 |
Goodwill | 2,734 | 3,170 | 6,872 |
Goodwill | 2,734 | 3,170 | 6,872 |
Operating segments [member] | Spain, operating segment [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 4,586 | 4,672 | 4,908 |
Operating segments [member] | Spain, operating segment [member] | Convergent services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,870 | 1,870 | 1,984 |
Operating segments [member] | Spain, operating segment [member] | Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 790 | 880 | 1,012 |
Operating segments [member] | Spain, operating segment [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 436 | 435 | 471 |
Operating segments [member] | Spain, operating segment [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 41 | 14 | 8 |
Operating segments [member] | Spain, operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 878 | 900 | 916 |
Operating segments [member] | Spain, operating segment [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 632 | 621 | 547 |
Operating segments [member] | Spain, operating segment [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1 | 1 | 12 |
Operating segments [member] | Other European countries, operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 6,329 | 5,870 | 5,638 |
Inter-operating segments | 109 | 94 | 79 |
Goodwill | 1,852 | 2,910 | 2,640 |
Goodwill | 1,852 | 2,910 | 2,640 |
Operating segments [member] | Other European countries, operating segment [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 6,219 | 5,776 | 5,559 |
Operating segments [member] | Other European countries, operating segment [member] | Convergent services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 959 | 850 | 733 |
Operating segments [member] | Other European countries, operating segment [member] | Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 2,079 | 2,007 | 2,026 |
Operating segments [member] | Other European countries, operating segment [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 783 | 652 | 611 |
Operating segments [member] | Other European countries, operating segment [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 430 | 338 | 301 |
Operating segments [member] | Other European countries, operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 964 | 998 | 1,017 |
Operating segments [member] | Other European countries, operating segment [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 927 | 869 | 828 |
Operating segments [member] | Other European countries, operating segment [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 185 | 155 | 122 |
Operating segments [member] | Africa and Middle-East, operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 6,918 | 6,381 | 5,834 |
Inter-operating segments | 168 | 165 | 175 |
Goodwill | 1,420 | 1,465 | 1,443 |
Goodwill | 1,420 | 1,465 | 1,443 |
Operating segments [member] | Africa and Middle-East, operating segment [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 6,750 | 6,216 | 5,660 |
Operating segments [member] | Africa and Middle-East, operating segment [member] | Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 5,272 | 4,884 | 4,420 |
Operating segments [member] | Africa and Middle-East, operating segment [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 800 | 664 | 562 |
Operating segments [member] | Africa and Middle-East, operating segment [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 40 | 31 | 25 |
Operating segments [member] | Africa and Middle-East, operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 663 | 654 | 695 |
Operating segments [member] | Africa and Middle-East, operating segment [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 104 | 112 | 89 |
Operating segments [member] | Africa and Middle-East, operating segment [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 39 | 36 | 43 |
Operating segments [member] | Enterprise, operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,930 | 7,757 | 7,807 |
Inter-operating segments | 383 | 386 | 402 |
Goodwill | 2,289 | 2,237 | 2,225 |
Goodwill | 2,289 | 2,237 | 2,225 |
Operating segments [member] | Enterprise, operating segment [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 7,548 | 7,371 | 7,405 |
Operating segments [member] | Enterprise, operating segment [member] | Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 659 | 636 | 649 |
Operating segments [member] | Enterprise, operating segment [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,466 | 3,633 | 3,851 |
Operating segments [member] | Enterprise, operating segment [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 3,489 | 3,195 | 3,086 |
Operating segments [member] | Enterprise, operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 41 | 42 | 45 |
Operating segments [member] | Enterprise, operating segment [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 275 | 250 | 175 |
Operating segments [member] | Totem | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 685 | ||
Inter-operating segments | 572 | ||
Goodwill | 1,624 | ||
Goodwill | 1,624 | ||
Operating segments [member] | Totem | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 113 | ||
Operating segments [member] | Totem | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 685 | ||
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,540 | 1,515 | 1,450 |
Inter-operating segments | 523 | 517 | 506 |
Goodwill | 18 | 18 | 18 |
Goodwill | 18 | 18 | 18 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | External [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,017 | 998 | 944 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 1,060 | 1,056 | 1,038 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 480 | 460 | 412 |
Operating segments [member] | Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | 43,471 | ||
Operating segments [member] | Mobile Financial Services, operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Goodwill | 28 | 35 | |
Goodwill | 28 | 35 | |
Elimination of intersegment amounts | Telecom activities and Mobile Financial Services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (9) | (7) | (7) |
Elimination of intersegment amounts | Telecom activities, operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (2,538) | (1,795) | (1,855) |
Elimination of intersegment amounts | Europe (excluding France), operating segment [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (14) | (11) | (9) |
Inter-operating segments | (14) | (11) | (9) |
Elimination of intersegment amounts | Europe (excluding France), operating segment [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (14) | (11) | (9) |
Elimination of intersegment amounts | Telecom activities, operating segment, eliminations [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (2,538) | (1,795) | (1,855) |
Inter-operating segments | (2,538) | (1,795) | (1,855) |
Elimination of intersegment amounts | Telecom activities, operating segment, eliminations [member] | Mobile-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (38) | (31) | (35) |
Elimination of intersegment amounts | Telecom activities, operating segment, eliminations [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (150) | (168) | (177) |
Elimination of intersegment amounts | Telecom activities, operating segment, eliminations [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (184) | (167) | (164) |
Elimination of intersegment amounts | Telecom activities, operating segment, eliminations [member] | Wholesale [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (1,859) | (1,249) | (1,313) |
Elimination of intersegment amounts | Telecom activities, operating segment, eliminations [member] | Equipment sales [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (7) | (8) | (5) |
Elimination of intersegment amounts | Telecom activities, operating segment, eliminations [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (299) | (172) | (160) |
Elimination of intersegment amounts | Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (9) | (7) | (7) |
Inter-operating segments | (9) | (7) | (7) |
Elimination of intersegment amounts | Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Fixed-only services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (1) | (1) | |
Elimination of intersegment amounts | Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | IT & integration services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | (6) | (4) | (4) |
Elimination of intersegment amounts | Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Other revenues [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenues recognized | € (2) | € (2) | € (2) |
Segment information - Segment_2
Segment information - Segment revenues - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Revenue | € 43,471 | € 42,522 | € 42,270 |
Operating segments [member] | Enterprise, operating segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 7,930 | 7,757 | 7,807 |
Operating segments [member] | Enterprise, operating segment [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Revenue | 5,126 | 5,118 | 5,071 |
Operating segments [member] | Enterprise, operating segment [member] | SPAIN | |||
Disclosure of operating segments [line items] | |||
Revenue | 19 | 13 | 13 |
Operating segments [member] | Enterprise, operating segment [member] | Europe, excluding France and Spain [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,413 | 1,294 | 1,287 |
Operating segments [member] | Enterprise, operating segment [member] | Countries other than Europe [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,023 | 1,331 | 1,436 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,540 | 1,515 | 1,450 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,361 | 1,353 | 1,305 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | Europe, excluding France and Spain [member] | Fixed only broadband [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 2,955 | 2,862 | 2,748 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | Europe, excluding France and Spain [member] | Fixed only narrowband [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 831 | 1,010 | 1,212 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | Europe, excluding France and Spain [member] | Voice services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,018 | 1,106 | 1,237 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | Europe, excluding France and Spain [member] | Data services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 2,448 | € 2,527 | € 2,614 |
Operating segments [member] | Totem | |||
Disclosure of operating segments [line items] | |||
Revenue | 685 | ||
Operating segments [member] | Totem | FRANCE | |||
Disclosure of operating segments [line items] | |||
Revenue | 473 | ||
Operating segments [member] | Totem | SPAIN | |||
Disclosure of operating segments [line items] | |||
Revenue | € 212 |
Segment information - Segment_3
Segment information - Segment revenue to consolidated net income - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | 24 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2021 | |
Disclosure of operating segments [line items] | ||||
Revenue | € 43,471 | € 42,522 | € 42,270 | |
External purchases | (18,732) | (17,973) | (17,691) | |
Other operating income | 747 | 783 | 604 | |
Other operating expenses | (413) | (700) | (789) | |
Labor expenses | (8,920) | (9,917) | (8,490) | |
Operating taxes and levies | (1,882) | (1,926) | (1,924) | |
Gains (losses) on disposal of fixed assets, investments and activities | 233 | 2,507 | 228 | |
Restructuring costs | (125) | (331) | (25) | |
Depreciation and amortization of financed assets | (107) | (84) | (55) | |
Depreciation and amortization of right-of-use assets | (1,507) | (1,481) | (1,384) | |
Impairment of right-of-use assets | (54) | (91) | (57) | |
Depreciation and amortization of fixed assets | (7,035) | (7,074) | (7,134) | |
Impairment of goodwill | (817) | (3,702) | ||
Impairment of fixed assets | (56) | (17) | (30) | |
Share of profits (losses) of associates and joint ventures | (2) | 3 | (2) | |
Operating income | 4,801 | 2,521 | 5,521 | |
Cost of gross financial debt excluding financed assets | (775) | (829) | (1,099) | |
Interests on debts related to financed assets | (3) | (1) | (1) | € (1) |
Gains (losses) on assets contributing to net financial debt | 48 | (3) | (1) | |
Foreign exchange gain (loss) | (97) | 65 | (103) | |
Interests on lease liabilities | (145) | (120) | (120) | |
Other net financial expenses | 52 | 106 | 11 | |
Finance costs, net | (920) | (782) | (1,314) | |
Income taxes | (1,265) | (962) | 848 | |
Consolidated net income | 2,617 | 778 | 5,055 | |
Presentation adjustments [member] | ||||
Disclosure of operating segments [line items] | ||||
External purchases | (23) | (6) | ||
Other operating income | 53 | |||
Other operating expenses | (165) | (229) | ||
Labor expenses | (1,291) | (25) | ||
Operating taxes and levies | (36) | |||
Gains (losses) on disposal of fixed assets, investments and activities | 2,507 | 228 | ||
Restructuring costs | (331) | (25) | ||
Impairment of right-of-use assets | (91) | (57) | ||
Interests on debts related to financed assets | 1 | 1 | ||
Interests on lease liabilities | 120 | 120 | ||
EBITDAaL | 744 | 6 | ||
Significant litigations | 134 | 211 | ||
Specific labour expenses | 1,276 | 12 | ||
Fixed assets, investments and businesses portfolio review | (2,507) | (228) | ||
Restructuring programs costs | 422 | 83 | ||
Acquisition and integration costs | 51 | 37 | ||
Elimination of interests on debts related to financed assets | (1) | (1) | ||
Elimination of interests on lease liabilities | (120) | (120) | ||
Telecom activities and Mobile Financial Services [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 42,522 | 42,270 | ||
External purchases | (17,950) | (17,684) | ||
Other operating income | 730 | 604 | ||
Other operating expenses | (535) | (560) | ||
Labor expenses | (8,626) | (8,465) | ||
Operating taxes and levies | (1,890) | (1,924) | ||
Depreciation and amortization of financed assets | (84) | (55) | ||
Depreciation and amortization of right-of-use assets | (1,481) | (1,384) | ||
Interests on debts related to financed assets | (1) | (1) | ||
Interests on lease liabilities | (120) | (120) | ||
EBITDAaL | 12,566 | 12,680 | ||
Significant litigations | (134) | (211) | ||
Specific labour expenses | (1,276) | (12) | ||
Fixed assets, investments and businesses portfolio review | 2,507 | 228 | ||
Restructuring programs costs | (422) | (83) | ||
Acquisition and integration costs | (51) | (37) | ||
Depreciation and amortization of fixed assets | (7,074) | (7,134) | ||
Impairment of goodwill | (3,702) | |||
Impairment of fixed assets | (17) | (30) | ||
Share of profits (losses) of associates and joint ventures | 3 | (2) | ||
Elimination of interests on debts related to financed assets | 1 | 1 | ||
Elimination of interests on lease liabilities | 120 | 120 | ||
Operating income | 2,521 | 5,521 | ||
Telecom activities and Mobile Financial Services [member] | Elimination of intersegment amounts [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | (9) | (7) | (7) | |
External purchases | 15 | 10 | 6 | |
Other operating income | (10) | (4) | (9) | |
Other operating expenses | 4 | 2 | 11 | |
EBITDAaL | 1 | 1 | 1 | |
Operating income | 1 | 1 | 1 | |
Telecom activities and Mobile Financial Services [member] | Presentation adjustments [member] | ||||
Disclosure of operating segments [line items] | ||||
External purchases | (24) | |||
Other operating income | 2 | |||
Other operating expenses | (47) | |||
Labor expenses | (383) | |||
Operating taxes and levies | (3) | |||
Gains (losses) on disposal of fixed assets, investments and activities | 233 | |||
Restructuring costs | (125) | |||
Impairment of right-of-use assets | (52) | |||
Interests on debts related to financed assets | 3 | |||
Interests on lease liabilities | 145 | |||
EBITDAaL | (251) | |||
Significant litigations | 9 | |||
Specific labour expenses | 372 | |||
Fixed assets, investments and businesses portfolio review | (233) | |||
Restructuring programs costs | 177 | |||
Acquisition and integration costs | 74 | |||
Elimination of interests on debts related to financed assets | (3) | |||
Elimination of interests on lease liabilities | (145) | |||
Telecom activities, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 43,480 | 42,530 | 42,277 | |
External purchases | (18,594) | (17,849) | (17,582) | |
Other operating income | 627 | 620 | 539 | |
Other operating expenses | (335) | (493) | (524) | |
Labor expenses | (8,461) | (8,542) | (8,390) | |
Operating taxes and levies | (1,877) | (1,887) | (1,923) | |
Depreciation and amortization of financed assets | (107) | (84) | (55) | |
Depreciation and amortization of right-of-use assets | (1,504) | (1,478) | (1,380) | |
Impairment of right-of-use assets | (1) | |||
Interests on debts related to financed assets | (3) | (1) | (1) | |
Interests on lease liabilities | (144) | (119) | (120) | |
EBITDAaL | 13,080 | 12,696 | 12,839 | |
Significant litigations | (9) | (134) | (211) | |
Specific labour expenses | (373) | (1,274) | (12) | |
Fixed assets, investments and businesses portfolio review | 233 | 2,507 | 228 | |
Restructuring programs costs | (184) | (412) | (80) | |
Acquisition and integration costs | (76) | (49) | (32) | |
Depreciation and amortization of fixed assets | (6,992) | (7,038) | (7,106) | |
Impairment of goodwill | (789) | (3,702) | ||
Impairment of fixed assets | (36) | (17) | (30) | |
Share of profits (losses) of associates and joint ventures | (2) | 3 | (2) | |
Elimination of interests on debts related to financed assets | 3 | 1 | 1 | |
Elimination of interests on lease liabilities | 144 | 119 | 120 | |
Operating income | 5,000 | 2,702 | 5,715 | |
Gains (losses) on assets contributing to net financial debt | 48 | (3) | (1) | |
Foreign exchange gain (loss) | (97) | 65 | (103) | |
Finance costs, net | (920) | (782) | (1,314) | |
Consolidated net income | 2,810 | 958 | 5,252 | |
Telecom activities, operating segment [member] | Elimination of intersegment amounts [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | (2,538) | (1,795) | (1,855) | |
External purchases | 4,491 | 3,786 | 3,891 | |
Other operating income | (3,331) | (3,328) | (3,371) | |
Other operating expenses | 1,377 | 1,336 | 1,335 | |
France (excluding Enterprise), operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 17,983 | 18,092 | 18,461 | |
External purchases | (7,429) | (7,081) | (7,101) | |
Other operating income | 1,229 | 1,274 | 1,303 | |
Other operating expenses | (486) | (526) | (592) | |
Labor expenses | (3,435) | (3,657) | (3,663) | |
Operating taxes and levies | (834) | (838) | (955) | |
Depreciation and amortization of financed assets | (107) | (84) | (55) | |
Depreciation and amortization of right-of-use assets | (254) | (304) | (225) | |
Interests on debts related to financed assets | (3) | (1) | (1) | |
Interests on lease liabilities | (18) | (8) | (8) | |
EBITDAaL | 6,645 | 6,867 | 7,163 | |
Significant litigations | (3) | (128) | (199) | |
Specific labour expenses | (330) | (959) | (7) | |
Fixed assets, investments and businesses portfolio review | (2) | 21 | ||
Restructuring programs costs | (18) | (10) | (5) | |
Acquisition and integration costs | (7) | (1) | ||
Depreciation and amortization of fixed assets | (2,922) | (3,108) | (3,157) | |
Impairment of fixed assets | (15) | (1) | (15) | |
Share of profits (losses) of associates and joint ventures | (18) | (8) | (1) | |
Elimination of interests on debts related to financed assets | 3 | 1 | 1 | |
Elimination of interests on lease liabilities | 18 | 8 | 8 | |
Operating income | 3,361 | 2,653 | 3,809 | |
Europe (excluding France), operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 10,962 | 10,579 | 10,580 | |
External purchases | (6,550) | (6,087) | (5,959) | |
Other operating income | 367 | 353 | 293 | |
Other operating expenses | (350) | (350) | (358) | |
Labor expenses | (1,002) | (932) | (912) | |
Operating taxes and levies | (241) | (259) | (238) | |
Depreciation and amortization of right-of-use assets | (371) | (446) | (443) | |
Interests on lease liabilities | (44) | (29) | (30) | |
EBITDAaL | 2,772 | 2,830 | 2,932 | |
Specific labour expenses | (2) | 2 | ||
Fixed assets, investments and businesses portfolio review | 29 | 359 | 36 | |
Restructuring programs costs | (22) | (211) | (2) | |
Acquisition and integration costs | (41) | (25) | (7) | |
Depreciation and amortization of fixed assets | (2,164) | (2,204) | (2,187) | |
Impairment of goodwill | (789) | (3,702) | ||
Impairment of fixed assets | (3) | (13) | (8) | |
Share of profits (losses) of associates and joint ventures | (3) | 5 | ||
Elimination of interests on lease liabilities | 44 | 29 | 30 | |
Operating income | (177) | (2,933) | 796 | |
Europe (excluding France), operating segment [member] | Elimination of intersegment amounts [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | (14) | (11) | (9) | |
External purchases | 14 | 11 | 9 | |
Spain, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 4,647 | 4,720 | 4,951 | |
External purchases | (2,879) | (2,768) | (2,774) | |
Other operating income | 97 | 161 | 141 | |
Other operating expenses | (162) | (171) | (185) | |
Labor expenses | (266) | (268) | (280) | |
Operating taxes and levies | (140) | (163) | (148) | |
Depreciation and amortization of right-of-use assets | (169) | (248) | (260) | |
Interests on lease liabilities | (17) | (14) | (12) | |
EBITDAaL | 1,111 | 1,251 | 1,433 | |
Fixed assets, investments and businesses portfolio review | 22 | |||
Restructuring programs costs | (8) | (180) | ||
Depreciation and amortization of fixed assets | (1,107) | (1,107) | (1,059) | |
Impairment of goodwill | (3,702) | |||
Elimination of interests on lease liabilities | 17 | 14 | 12 | |
Operating income | 12 | (3,724) | 407 | |
Other European countries, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 6,329 | 5,870 | 5,638 | |
External purchases | (3,684) | (3,330) | (3,194) | |
Other operating income | 270 | 192 | 153 | |
Other operating expenses | (187) | (179) | (173) | |
Labor expenses | (736) | (665) | (632) | |
Operating taxes and levies | (101) | (96) | (90) | |
Depreciation and amortization of right-of-use assets | (201) | (198) | (183) | |
Interests on lease liabilities | (27) | (15) | (19) | |
EBITDAaL | 1,662 | 1,579 | 1,499 | |
Specific labour expenses | (2) | 2 | ||
Fixed assets, investments and businesses portfolio review | 29 | 359 | 14 | |
Restructuring programs costs | (14) | (31) | (2) | |
Acquisition and integration costs | (41) | (25) | (7) | |
Depreciation and amortization of fixed assets | (1,057) | (1,097) | (1,129) | |
Impairment of goodwill | (789) | |||
Impairment of fixed assets | (3) | (13) | (8) | |
Share of profits (losses) of associates and joint ventures | (3) | 5 | ||
Elimination of interests on lease liabilities | 27 | 15 | 19 | |
Operating income | (190) | 791 | 389 | |
Africa and Middle-East, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 6,918 | 6,381 | 5,834 | |
External purchases | (2,740) | (2,502) | (2,443) | |
Other operating income | 69 | 52 | 76 | |
Other operating expenses | (171) | (243) | (212) | |
Labor expenses | (575) | (535) | (514) | |
Operating taxes and levies | (660) | (644) | (552) | |
Depreciation and amortization of right-of-use assets | (194) | (176) | (158) | |
Interests on lease liabilities | (64) | (67) | (67) | |
EBITDAaL | 2,584 | 2,265 | 1,964 | |
Fixed assets, investments and businesses portfolio review | 76 | 2 | 6 | |
Restructuring programs costs | (8) | (41) | (5) | |
Acquisition and integration costs | (2) | |||
Depreciation and amortization of fixed assets | (1,075) | (1,012) | (1,011) | |
Impairment of fixed assets | 2 | (1) | ||
Share of profits (losses) of associates and joint ventures | 22 | 10 | 8 | |
Elimination of interests on lease liabilities | 64 | 67 | 67 | |
Operating income | 1,665 | 1,291 | 1,027 | |
Enterprise, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 7,930 | 7,757 | 7,807 | |
External purchases | (4,240) | (3,967) | (4,019) | |
Other operating income | 191 | 173 | 161 | |
Other operating expenses | (657) | (640) | (646) | |
Labor expenses | (2,179) | (2,119) | (2,027) | |
Operating taxes and levies | (82) | (80) | (102) | |
Depreciation and amortization of right-of-use assets | (154) | (147) | (145) | |
Impairment of right-of-use assets | (1) | |||
Interests on lease liabilities | (6) | (7) | (5) | |
EBITDAaL | 804 | 970 | 1,023 | |
Specific labour expenses | (35) | (123) | 2 | |
Fixed assets, investments and businesses portfolio review | 8 | 3 | 14 | |
Restructuring programs costs | (47) | (5) | (9) | |
Acquisition and integration costs | (1) | (1) | (6) | |
Depreciation and amortization of fixed assets | (398) | (378) | (410) | |
Impairment of fixed assets | (20) | |||
Share of profits (losses) of associates and joint ventures | 1 | 1 | 1 | |
Elimination of interests on lease liabilities | 6 | 7 | 5 | |
Operating income | 317 | 474 | 621 | |
Totem | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 685 | |||
External purchases | (131) | |||
Labor expenses | (14) | |||
Operating taxes and levies | (5) | |||
Depreciation and amortization of right-of-use assets | (159) | |||
Interests on lease liabilities | (4) | |||
EBITDAaL | 371 | |||
Acquisition and integration costs | (1) | |||
Depreciation and amortization of fixed assets | (122) | |||
Elimination of interests on lease liabilities | 4 | |||
Operating income | 252 | |||
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 1,540 | 1,515 | 1,450 | |
External purchases | (1,997) | (2,000) | (1,951) | |
Other operating income | 2,101 | 2,096 | 2,076 | |
Other operating expenses | (49) | (71) | (51) | |
Labor expenses | (1,255) | (1,298) | (1,274) | |
Operating taxes and levies | (55) | (66) | (75) | |
Depreciation and amortization of right-of-use assets | (372) | (407) | (410) | |
Interests on lease liabilities | (10) | (8) | (9) | |
EBITDAaL | (96) | (237) | (244) | |
Significant litigations | (6) | (6) | (13) | |
Specific labour expenses | (9) | (190) | (9) | |
Fixed assets, investments and businesses portfolio review | 120 | 2,146 | 151 | |
Restructuring programs costs | (89) | (145) | (59) | |
Acquisition and integration costs | (33) | (16) | (15) | |
Depreciation and amortization of fixed assets | (311) | (335) | (342) | |
Impairment of fixed assets | (2) | (7) | ||
Share of profits (losses) of associates and joint ventures | (3) | (5) | (9) | |
Elimination of interests on lease liabilities | 10 | 8 | 9 | |
Operating income | (417) | 1,217 | (538) | |
Telecom activities, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | (2,538) | (1,795) | (1,855) | |
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | 43,471 | |||
External purchases | (18,707) | |||
Other operating income | 745 | |||
Other operating expenses | (367) | |||
Labor expenses | (8,537) | |||
Operating taxes and levies | (1,879) | |||
Depreciation and amortization of financed assets | (107) | |||
Depreciation and amortization of right-of-use assets | (1,507) | |||
Impairment of right-of-use assets | (1) | |||
Interests on debts related to financed assets | (3) | |||
Interests on lease liabilities | (145) | |||
EBITDAaL | 12,963 | |||
Significant litigations | (9) | |||
Specific labour expenses | (372) | |||
Fixed assets, investments and businesses portfolio review | 233 | |||
Restructuring programs costs | (177) | |||
Acquisition and integration costs | (74) | |||
Depreciation and amortization of fixed assets | (7,035) | |||
Impairment of goodwill | (817) | |||
Impairment of fixed assets | (56) | |||
Share of profits (losses) of associates and joint ventures | (2) | |||
Elimination of interests on debts related to financed assets | 3 | |||
Elimination of interests on lease liabilities | 145 | |||
Operating income | 4,801 | |||
Telecom activities and Mobile Financial Services, operating segment, eliminations [member] | Elimination of intersegment amounts [member] | ||||
Disclosure of operating segments [line items] | ||||
Revenue | (9) | (7) | (7) | |
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
External purchases | (129) | (112) | (108) | |
Other operating income | 128 | 114 | 75 | |
Other operating expenses | (36) | (44) | (47) | |
Labor expenses | (76) | (84) | (75) | |
Operating taxes and levies | (2) | (3) | (1) | |
Depreciation and amortization of right-of-use assets | (3) | (3) | (3) | |
EBITDAaL | (118) | (131) | (160) | |
Specific labour expenses | 1 | (3) | ||
Restructuring programs costs | 7 | (11) | (3) | |
Acquisition and integration costs | 2 | (2) | (5) | |
Depreciation and amortization of fixed assets | (44) | (36) | (28) | |
Impairment of goodwill | (28) | |||
Impairment of fixed assets | (21) | |||
Operating income | (200) | (182) | (195) | |
Consolidated net income | € (194) | € (181) | € (196) |
Segment information - Segment_4
Segment information - Segment revenue to consolidated net income - Additional information (Details) - Operating segments [member] - Mobile Finance Services - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Net banking income included in miscellaneous operating income | € 116 | € 109 | € 69 |
Cost of risk included in miscellaneous operating expenses | € (45) | € (46) | € (31) |
Segment information - Segment i
Segment information - Segment investments - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of operating segments [line items] | ||||
eCapex | € 7,371 | € 7,660 | € 7,132 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 347 | 163 | 444 | |
Telecommunications licenses | 2,678 | 2,842 | 2,935 | |
Financed assets | 6,329 | 5,947 | 5,848 | |
Total investments | 9,007 | 8,789 | 8,787 | |
Financed assets [member] | ||||
Disclosure of operating segments [line items] | ||||
Financed assets | 229 | |||
Finance leases [member] | ||||
Disclosure of operating segments [line items] | ||||
Financed assets | 229 | 40 | 241 | |
Licences and franchises [member] | ||||
Disclosure of operating segments [line items] | ||||
Telecommunications licenses | 1,060 | 926 | 969 | |
Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
Telecommunications licenses | 2,678 | 2,842 | 2,940 | |
Financed assets | 6,329 | 5,947 | 5,848 | |
Telecom activities, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 7,335 | 7,636 | 7,102 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 347 | 163 | 444 | |
Total investments | 8,971 | 8,766 | 8,757 | |
Telecom activities, operating segment [member] | Operating segments [member] | Financed assets [member] | ||||
Disclosure of operating segments [line items] | ||||
Financed assets | 229 | |||
Telecom activities, operating segment [member] | Operating segments [member] | Finance leases [member] | ||||
Disclosure of operating segments [line items] | ||||
Financed assets | 40 | 241 | ||
Telecom activities, operating segment [member] | Operating segments [member] | Licences and franchises [member] | ||||
Disclosure of operating segments [line items] | ||||
Telecommunications licenses | 1,060 | 926 | 969 | |
France (excluding Enterprise), operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 3,429 | 4,117 | 3,748 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 126 | 49 | € 136 | |
Total investments | 3,793 | 4,471 | 5,001 | |
France (excluding Enterprise), operating segment [member] | Operating segments [member] | Financed assets [member] | ||||
Disclosure of operating segments [line items] | ||||
Financed assets | 229 | |||
France (excluding Enterprise), operating segment [member] | Operating segments [member] | Finance leases [member] | ||||
Disclosure of operating segments [line items] | ||||
Financed assets | 40 | 241 | ||
France (excluding Enterprise), operating segment [member] | Operating segments [member] | Licences and franchises [member] | ||||
Disclosure of operating segments [line items] | ||||
Telecommunications licenses | 9 | 264 | 876 | |
Europe (excluding France), operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 1,883 | 1,893 | 1,847 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 56 | 66 | 97 | |
Total investments | 2,612 | 2,609 | 2,017 | |
Europe (excluding France), operating segment [member] | Operating segments [member] | Licences and franchises [member] | ||||
Disclosure of operating segments [line items] | ||||
Telecommunications licenses | 674 | 650 | 73 | |
Spain, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 863 | 980 | 969 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 1 | 75 | ||
Total investments | 873 | 1,598 | 1,050 | |
Spain, operating segment [member] | Operating segments [member] | Licences and franchises [member] | ||||
Disclosure of operating segments [line items] | ||||
Telecommunications licenses | 10 | 618 | 6 | |
Other European countries, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 1,020 | 913 | 878 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 56 | 65 | € 22 | |
Total investments | 1,739 | 1,010 | 967 | |
Other European countries, operating segment [member] | Operating segments [member] | Licences and franchises [member] | ||||
Disclosure of operating segments [line items] | ||||
Telecommunications licenses | 664 | 32 | 67 | |
Africa and Middle-East, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 1,271 | 1,064 | 1,036 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 99 | 5 | 9 | |
Total investments | 1,747 | 1,082 | 1,065 | |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Licences and franchises [member] | ||||
Disclosure of operating segments [line items] | ||||
Telecommunications licenses | 377 | 12 | 20 | |
Enterprise, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 332 | 318 | 339 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 11 | 7 | 23 | |
Total investments | 344 | 325 | 362 | |
Enterprise, operating segment [member] | Operating segments [member] | FRANCE | ||||
Disclosure of operating segments [line items] | ||||
Total investments | 209 | 206 | 218 | |
Totem | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 142 | |||
Total investments | 142 | |||
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 278 | 243 | 133 | |
Elimination of proceeds from sales of property, plant and equipment and intangible assets | 55 | 36 | 180 | |
Total investments | 333 | 279 | 313 | |
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | FRANCE | ||||
Disclosure of operating segments [line items] | ||||
Total investments | 325 | 271 | 303 | |
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Disclosure of operating segments [line items] | ||||
eCapex | 35 | 24 | 30 | |
Total investments | € 35 | € 24 | € 30 |
Segment information - Segment a
Segment information - Segment assets - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of operating segments [line items] | |||||
Goodwill | € 23,113 | € 24,192 | € 27,596 | ||
Other intangible assets | 14,946 | 14,940 | 15,135 | € 14,737 | |
Property, plant and equipment | 31,640 | 30,484 | 29,075 | € 28,423 | |
Right-of-use assets | 7,936 | 7,702 | 7,009 | 6,700 | |
Interests in associates and joint ventures | 1,486 | 1,440 | 98 | ||
Non-current assets included in the calculation of net financial debt | 1,390 | 709 | 774 | ||
Other non-current assets | 216 | 254 | 136 | ||
Other | 2,337 | 2,769 | 2,896 | ||
Total non-current assets | 82,847 | 82,236 | 82,582 | 81,701 | 82,406 |
Inventories | 1,048 | 952 | 814 | 906 | |
Trade receivables | 6,305 | 6,029 | 5,620 | 5,320 | |
Other customer contract assets | 1,570 | 1,460 | 1,236 | ||
Prepaid expenses | 851 | 851 | 850 | 730 | |
Current assets included in the calculation of net financial debt | 10,451 | 10,462 | 11,260 | ||
Other | 6,579 | 6,080 | 5,313 | ||
Total current assets | 26,803 | 25,834 | 25,094 | ||
Total assets | 109,650 | 108,071 | 107,676 | € 106,689 | € 104,262 |
Telecom activities and Mobile Financial Services [member] | Elimination of intersegment amounts | |||||
Disclosure of operating segments [line items] | |||||
Other | (27) | (27) | (27) | ||
Total non-current assets | (27) | (27) | (27) | ||
Trade receivables | (62) | (103) | (55) | ||
Prepaid expenses | (1) | (1) | |||
Other | (18) | (9) | (4) | ||
Total current assets | (81) | (113) | (61) | ||
Total assets | (108) | (140) | (88) | ||
Telecom activities, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 23,113 | 24,163 | 27,561 | ||
Other intangible assets | 14,892 | 14,852 | 15,042 | ||
Property, plant and equipment | 31,630 | 30,479 | 29,069 | ||
Right-of-use assets | 7,912 | 7,681 | 6,979 | ||
Interests in associates and joint ventures | 1,486 | 1,440 | 98 | ||
Non-current assets included in the calculation of net financial debt | 1,390 | 709 | 774 | ||
Other | 1,583 | 1,878 | 1,704 | ||
Total non-current assets | 82,005 | 81,202 | 81,226 | ||
Inventories | 1,048 | 951 | 814 | ||
Trade receivables | 6,237 | 6,040 | 5,645 | ||
Other customer contract assets | 1,570 | 1,460 | 1,236 | ||
Prepaid expenses | 830 | 839 | 841 | ||
Current assets included in the calculation of net financial debt | 10,451 | 10,462 | 11,260 | ||
Other | 3,666 | 3,241 | 2,937 | ||
Total current assets | 23,801 | 22,994 | 22,734 | ||
Total assets | 105,807 | 104,196 | 103,961 | ||
Telecom activities, operating segment [member] | Elimination of intersegment amounts | |||||
Disclosure of operating segments [line items] | |||||
Non-current assets included in the calculation of net financial debt | 1,390 | 709 | 774 | ||
Other | 1,430 | 1,725 | 1,576 | ||
Total non-current assets | 2,820 | 2,433 | 2,350 | ||
Trade receivables | (1,200) | (774) | (761) | ||
Prepaid expenses | (28) | (30) | (28) | ||
Current assets included in the calculation of net financial debt | 10,451 | 10,462 | 11,260 | ||
Other | 150 | 163 | 155 | ||
Total current assets | 9,373 | 9,821 | 10,627 | ||
Total assets | 12,192 | 12,255 | 12,977 | ||
France (excluding Enterprise), operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 13,176 | 14,364 | 14,364 | ||
Other intangible assets | 4,331 | 4,543 | 4,957 | ||
Property, plant and equipment | 16,906 | 16,975 | 16,038 | ||
Right-of-use assets | 1,946 | 2,014 | 1,523 | ||
Interests in associates and joint ventures | 1,070 | 1,061 | 9 | ||
Other | 9 | 9 | 9 | ||
Total non-current assets | 37,438 | 38,966 | 36,900 | ||
Inventories | 429 | 438 | 361 | ||
Trade receivables | 2,055 | 2,125 | 1,975 | ||
Other customer contract assets | 371 | 379 | 386 | ||
Prepaid expenses | 41 | 35 | 53 | ||
Other | 789 | 737 | 803 | ||
Total current assets | 3,685 | 3,713 | 3,578 | ||
Total assets | 41,123 | 42,679 | 40,477 | ||
Europe (excluding France), operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 4,586 | 6,079 | 9,512 | ||
Other intangible assets | 4,280 | 3,985 | 3,647 | ||
Property, plant and equipment | 7,879 | 7,801 | 7,653 | ||
Right-of-use assets | 2,058 | 2,197 | 2,181 | ||
Interests in associates and joint ventures | 313 | 303 | 5 | ||
Other | 55 | 31 | 42 | ||
Total non-current assets | 19,171 | 20,396 | 23,040 | ||
Inventories | 260 | 237 | 219 | ||
Trade receivables | 1,776 | 1,791 | 1,691 | ||
Other customer contract assets | 600 | 583 | 521 | ||
Prepaid expenses | 434 | 486 | 542 | ||
Other | 292 | 255 | 197 | ||
Total current assets | 3,361 | 3,351 | 3,170 | ||
Total assets | 22,532 | 23,747 | 26,210 | ||
Europe (excluding France), operating segment [member] | Elimination of intersegment amounts | |||||
Disclosure of operating segments [line items] | |||||
Trade receivables | (1) | 1 | |||
Total current assets | (1) | 1 | |||
Total assets | (1) | 1 | |||
Spain, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 2,734 | 3,170 | 6,872 | ||
Other intangible assets | 1,994 | 2,259 | 1,852 | ||
Property, plant and equipment | 3,640 | 3,834 | 3,750 | ||
Right-of-use assets | 1,035 | 1,093 | 1,129 | ||
Other | 12 | 16 | 17 | ||
Total non-current assets | 9,415 | 10,372 | 13,619 | ||
Inventories | 73 | 61 | 57 | ||
Trade receivables | 601 | 643 | 645 | ||
Other customer contract assets | 174 | 176 | 154 | ||
Prepaid expenses | 373 | 417 | 492 | ||
Other | 77 | 72 | 117 | ||
Total current assets | 1,298 | 1,368 | 1,465 | ||
Total assets | 10,714 | 11,740 | 15,085 | ||
Other European countries, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 1,852 | 2,910 | 2,640 | ||
Other intangible assets | 2,287 | 1,727 | 1,795 | ||
Property, plant and equipment | 4,239 | 3,967 | 3,903 | ||
Right-of-use assets | 1,023 | 1,104 | 1,052 | ||
Interests in associates and joint ventures | 313 | 303 | 5 | ||
Other | 43 | 15 | 25 | ||
Total non-current assets | 9,755 | 10,025 | 9,421 | ||
Inventories | 187 | 176 | 162 | ||
Trade receivables | 1,176 | 1,147 | 1,046 | ||
Other customer contract assets | 425 | 407 | 367 | ||
Prepaid expenses | 61 | 69 | 51 | ||
Other | 215 | 183 | 79 | ||
Total current assets | 2,064 | 1,982 | 1,705 | ||
Total assets | 11,819 | 12,007 | 11,126 | ||
Africa and Middle-East, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 1,420 | 1,465 | 1,443 | ||
Other intangible assets | 1,956 | 1,974 | 2,046 | ||
Property, plant and equipment | 4,315 | 4,113 | 3,751 | ||
Right-of-use assets | 819 | 918 | 921 | ||
Interests in associates and joint ventures | 89 | 67 | 70 | ||
Other | 27 | 32 | 26 | ||
Total non-current assets | 8,626 | 8,569 | 8,257 | ||
Inventories | 127 | 93 | 77 | ||
Trade receivables | 954 | 833 | 769 | ||
Other customer contract assets | 11 | 13 | 13 | ||
Prepaid expenses | 178 | 200 | 131 | ||
Other | 1,720 | 1,484 | 1,196 | ||
Total current assets | 2,991 | 2,623 | 2,185 | ||
Total assets | 11,616 | 11,192 | 10,442 | ||
Enterprise, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 2,289 | 2,237 | 2,225 | ||
Other intangible assets | 577 | 622 | 640 | ||
Property, plant and equipment | 417 | 466 | 488 | ||
Right-of-use assets | 438 | 478 | 456 | ||
Interests in associates and joint ventures | 3 | 2 | 2 | ||
Other | 36 | 43 | 31 | ||
Total non-current assets | 3,761 | 3,848 | 3,840 | ||
Inventories | 91 | 70 | 57 | ||
Trade receivables | 1,339 | 1,162 | 1,081 | ||
Other customer contract assets | 588 | 485 | 317 | ||
Prepaid expenses | 125 | 95 | 77 | ||
Other | 278 | 214 | 200 | ||
Total current assets | 2,421 | 2,026 | 1,733 | ||
Total assets | 6,182 | 5,873 | 5,573 | ||
Totem | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 1,624 | ||||
Totem | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 1,624 | ||||
Other intangible assets | 6 | ||||
Property, plant and equipment | 943 | ||||
Right-of-use assets | 649 | ||||
Other | 4 | ||||
Total non-current assets | 3,226 | ||||
Trade receivables | 272 | ||||
Prepaid expenses | 19 | ||||
Other | 13 | ||||
Total current assets | 304 | ||||
Total assets | 3,530 | ||||
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 18 | 18 | 18 | ||
Other intangible assets | 3,741 | 3,728 | 3,753 | ||
Property, plant and equipment | 1,169 | 1,125 | 1,139 | ||
Right-of-use assets | 2,002 | 2,074 | 1,898 | ||
Interests in associates and joint ventures | 12 | 6 | 12 | ||
Other | 21 | 39 | 20 | ||
Total non-current assets | 6,964 | 6,990 | 6,840 | ||
Inventories | 141 | 114 | 100 | ||
Trade receivables | 1,042 | 904 | 890 | ||
Prepaid expenses | 61 | 53 | 66 | ||
Other | 424 | 389 | 386 | ||
Total current assets | 1,668 | 1,460 | 1,442 | ||
Total assets | 8,631 | 8,450 | 8,282 | ||
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||||
Disclosure of operating segments [line items] | |||||
Goodwill | 28 | 35 | |||
Other intangible assets | 54 | 88 | 93 | ||
Property, plant and equipment | 10 | 5 | 6 | ||
Right-of-use assets | 23 | 21 | 30 | ||
Other | 781 | 919 | 1,219 | ||
Total non-current assets | 869 | 1,062 | 1,383 | ||
Trade receivables | 130 | 91 | 30 | ||
Prepaid expenses | 22 | 14 | 9 | ||
Other | 2,931 | 2,848 | 2,381 | ||
Total current assets | 3,083 | 2,953 | 2,421 | ||
Total assets | € 3,951 | € 4,015 | € 3,804 |
Segment information - Segment_5
Segment information - Segment investments - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Total investments | € 9,007 | € 8,789 | € 8,787 |
Acquisitions of other intangible assets | 2,678 | 2,842 | 2,935 |
Tangible assets | 6,329 | 5,947 | 5,848 |
Current lease liabilities | 1,509 | 1,369 | 1,496 |
Current fixed assets payables | 3,101 | 3,111 | 3,349 |
Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Acquisitions of other intangible assets | 2,678 | 2,842 | 2,940 |
Tangible assets | 6,329 | 5,947 | 5,848 |
Operating segments [member] | Totem | FRANCE | |||
Disclosure of operating segments [line items] | |||
Total investments | 110 | ||
Operating segments [member] | Enterprise, operating segment [member] | |||
Disclosure of operating segments [line items] | |||
Total investments | 344 | 325 | 362 |
Current lease liabilities | 134 | 106 | 118 |
Current fixed assets payables | 68 | 58 | 60 |
Operating segments [member] | Enterprise, operating segment [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Total investments | 209 | 206 | 218 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | |||
Disclosure of operating segments [line items] | |||
Total investments | 333 | 279 | 313 |
Current lease liabilities | 433 | 375 | 529 |
Current fixed assets payables | 134 | 107 | 135 |
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Total investments | € 325 | € 271 | € 303 |
Segment information - Segment_6
Segment information - Segment assets - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of operating segments [line items] | |||
Non-current financial assets related to Mobile Finance Services activities | € 656 | € 900 | € 1,210 |
Current financial assets related to Mobile Financial Services activities | 2,742 | 2,381 | 2,075 |
Operating segments [member] | Orange brand [member] | |||
Disclosure of operating segments [line items] | |||
Intangible assets | 3,133 | ||
Operating segments [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Tangible and intangible assets | 1,687 | 1,731 | |
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Financial assets | 5,545 | 3,290 | 4,803 |
Enterprise, operating segment [member] | Operating segments [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Tangible and intangible assets | 748 | ||
International Carriers and Shared Services, operating segment [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Tangible and intangible assets | 526 | ||
International Carriers and Shared Services, operating segment [member] | Operating segments [member] | FRANCE | |||
Disclosure of operating segments [line items] | |||
Tangible and intangible assets | 1,746 | 564 | 573 |
Mobile Financial Services, operating segment [member] | |||
Disclosure of operating segments [line items] | |||
Non-current financial assets related to Mobile Finance Services activities | 772 | ||
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Non-current financial assets related to Mobile Finance Services activities | 656 | ||
Current financial assets related to Mobile Financial Services activities | 2,747 | € 2,385 | € 2,077 |
Mobile Financial Services, operating segment [member] | Operating segments [member] | Installment receivables [member] | |||
Disclosure of operating segments [line items] | |||
Current financial assets related to Mobile Financial Services activities, trade receivables sold by subsidiary | € 519 |
Segment information - Segment e
Segment information - Segment equity and liabilities - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of operating segments [line items] | |||||
Total equity | € 34,956 | € 35,361 | € 37,200 | € 34,561 | € 33,364 |
Non-current lease liabilities | 6,901 | 6,696 | 5,875 | ||
Non-current fixed assets payables | 1,480 | 1,370 | 1,291 | ||
Non-current employee benefits | 2,567 | 2,798 | 1,984 | 2,353 | 2,670 |
Non-current liabilities included in the calculation of net financial debt | 32,265 | 32,083 | 30,858 | ||
Other | 2,257 | 2,487 | 2,175 | ||
Total non-current liabilities | 45,471 | 45,434 | 42,182 | 44,360 | 39,491 |
Current lease liabilities | 1,509 | 1,369 | 1,496 | ||
Current fixed assets payables | 3,101 | 3,111 | 3,349 | ||
Trade payables | 7,067 | 6,738 | 6,475 | 6,682 | |
Customer contract liabilities | 2,579 | 2,512 | 1,984 | 2,093 | |
Current employee benefits | 2,418 | 2,316 | 2,192 | ||
Deferred income | 149 | 180 | 165 | ||
Current liabilities included in the calculation of net financial debt | 4,753 | 3,545 | 5,205 | ||
Other | 7,647 | 7,505 | 7,427 | ||
Total current liabilities | 29,223 | 27,276 | 28,294 | ||
Total equity and liabilities | 109,650 | 108,071 | 107,676 | € 106,689 | € 104,262 |
Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Total equity | 35,589 | 35,806 | 37,413 | ||
Non-current lease liabilities | 6,879 | 6,669 | 5,843 | ||
Non-current fixed assets payables | 1,480 | 1,370 | 1,291 | ||
Non-current employee benefits | 2,560 | 2,787 | 1,975 | ||
Non-current liabilities included in the calculation of net financial debt | 32,265 | 32,083 | 30,858 | ||
Other | 2,112 | 2,421 | 2,092 | ||
Total non-current liabilities | 45,296 | 45,330 | 42,059 | ||
Current lease liabilities | 1,504 | 1,364 | 1,491 | ||
Current fixed assets payables | 3,094 | 3,110 | 3,349 | ||
Trade payables | 6,976 | 6,684 | 6,411 | ||
Customer contract liabilities | 2,580 | 2,513 | 1,985 | ||
Current employee benefits | 2,394 | 2,289 | 2,166 | ||
Deferred income | 145 | 176 | 165 | ||
Current liabilities included in the calculation of net financial debt | 4,759 | 3,549 | 5,207 | ||
Other | 3,470 | 3,374 | 3,714 | ||
Total current liabilities | 24,922 | 23,060 | 24,488 | ||
Total equity and liabilities | 105,807 | 104,196 | 103,960 | ||
Operating segments [member] | France (excluding Enterprise), operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 1,740 | 1,668 | 1,238 | ||
Non-current fixed assets payables | 468 | 639 | 613 | ||
Non-current employee benefits | 1,522 | 1,643 | 1,007 | ||
Other | 347 | 578 | 583 | ||
Total non-current liabilities | 4,076 | 4,528 | 3,442 | ||
Current lease liabilities | 214 | 312 | 240 | ||
Current fixed assets payables | 1,383 | 1,402 | 1,564 | ||
Trade payables | 2,924 | 2,804 | 2,646 | ||
Customer contract liabilities | 830 | 942 | 940 | ||
Current employee benefits | 1,243 | 1,210 | 1,166 | ||
Deferred income | 2 | ||||
Other | 763 | 795 | 670 | ||
Total current liabilities | 7,357 | 7,465 | 7,229 | ||
Total equity and liabilities | 11,433 | 11,993 | 10,670 | ||
Operating segments [member] | Europe (excluding France), operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 1,831 | 1,956 | 1,881 | ||
Non-current fixed assets payables | 825 | 627 | 525 | ||
Non-current employee benefits | 23 | 26 | 23 | ||
Other | 259 | 385 | 367 | ||
Total non-current liabilities | 2,939 | 2,993 | 2,796 | ||
Current lease liabilities | 373 | 391 | 463 | ||
Current fixed assets payables | 911 | 1,001 | 1,068 | ||
Trade payables | 1,839 | 1,774 | 1,867 | ||
Customer contract liabilities | 740 | 700 | 405 | ||
Current employee benefits | 181 | 154 | 138 | ||
Deferred income | 86 | 104 | 119 | ||
Other | 412 | 485 | 373 | ||
Total current liabilities | 4,542 | 4,609 | 4,432 | ||
Total equity and liabilities | 7,481 | 7,602 | 7,229 | ||
Operating segments [member] | Spain, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 961 | 1,015 | 977 | ||
Non-current fixed assets payables | 429 | 462 | 339 | ||
Non-current employee benefits | 5 | 5 | 9 | ||
Other | 13 | 57 | 65 | ||
Total non-current liabilities | 1,408 | 1,539 | 1,389 | ||
Current lease liabilities | 178 | 193 | 277 | ||
Current fixed assets payables | 451 | 551 | 655 | ||
Trade payables | 868 | 782 | 987 | ||
Customer contract liabilities | 228 | 182 | 103 | ||
Current employee benefits | 56 | 43 | 38 | ||
Deferred income | 67 | 84 | 114 | ||
Other | 143 | 218 | 131 | ||
Total current liabilities | 1,992 | 2,053 | 2,304 | ||
Total equity and liabilities | 3,399 | 3,592 | 3,692 | ||
Operating segments [member] | Other European countries, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 870 | 941 | 904 | ||
Non-current fixed assets payables | 396 | 165 | 186 | ||
Non-current employee benefits | 18 | 21 | 15 | ||
Other | 247 | 327 | 302 | ||
Total non-current liabilities | 1,531 | 1,454 | 1,407 | ||
Current lease liabilities | 194 | 198 | 186 | ||
Current fixed assets payables | 460 | 450 | 413 | ||
Trade payables | 971 | 992 | 880 | ||
Customer contract liabilities | 513 | 518 | 303 | ||
Current employee benefits | 125 | 111 | 101 | ||
Deferred income | 20 | 20 | 5 | ||
Other | 269 | 266 | 242 | ||
Total current liabilities | 2,552 | 2,555 | 2,129 | ||
Total equity and liabilities | 4,083 | 4,009 | 3,536 | ||
Operating segments [member] | Africa and Middle-East, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 691 | 805 | 825 | ||
Non-current fixed assets payables | 188 | 104 | 153 | ||
Non-current employee benefits | 89 | 80 | 72 | ||
Other | 96 | 74 | 69 | ||
Total non-current liabilities | 1,064 | 1,063 | 1,119 | ||
Current lease liabilities | 209 | 181 | 141 | ||
Current fixed assets payables | 589 | 543 | 523 | ||
Trade payables | 1,307 | 1,139 | 1,066 | ||
Customer contract liabilities | 93 | 130 | 126 | ||
Current employee benefits | 88 | 82 | 72 | ||
Deferred income | 40 | 31 | 36 | ||
Other | 2,031 | 1,833 | 1,435 | ||
Total current liabilities | 4,358 | 3,939 | 3,398 | ||
Total equity and liabilities | 5,422 | 5,002 | 4,517 | ||
Operating segments [member] | Enterprise, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 320 | 378 | 346 | ||
Non-current employee benefits | 242 | 277 | 216 | ||
Other | 16 | 20 | 39 | ||
Total non-current liabilities | 579 | 676 | 602 | ||
Current lease liabilities | 134 | 106 | 118 | ||
Current fixed assets payables | 68 | 58 | 60 | ||
Trade payables | 909 | 771 | 745 | ||
Customer contract liabilities | 750 | 599 | 422 | ||
Current employee benefits | 455 | 446 | 415 | ||
Deferred income | 8 | 35 | 1 | ||
Other | 311 | 278 | 257 | ||
Total current liabilities | 2,636 | 2,294 | 2,019 | ||
Total equity and liabilities | 3,215 | 2,970 | 2,622 | ||
Operating segments [member] | Totem | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 476 | ||||
Non-current employee benefits | 2 | ||||
Other | 115 | ||||
Total non-current liabilities | 593 | ||||
Current lease liabilities | 142 | ||||
Current fixed assets payables | 9 | ||||
Trade payables | 256 | ||||
Customer contract liabilities | 9 | ||||
Current employee benefits | 6 | ||||
Other | 11 | ||||
Total current liabilities | 432 | ||||
Total equity and liabilities | 1,026 | ||||
Operating segments [member] | International Carriers and Shared Services, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Non-current lease liabilities | 1,820 | 1,863 | 1,553 | ||
Non-current employee benefits | 682 | 760 | 656 | ||
Other | 43 | 52 | 44 | ||
Total non-current liabilities | 2,545 | 2,675 | 2,253 | ||
Current lease liabilities | 433 | 375 | 529 | ||
Current fixed assets payables | 134 | 107 | 135 | ||
Trade payables | 942 | 969 | 848 | ||
Customer contract liabilities | 184 | 170 | 119 | ||
Current employee benefits | 421 | 395 | 374 | ||
Deferred income | 10 | 9 | 6 | ||
Other | 572 | 570 | 900 | ||
Total current liabilities | 2,696 | 2,595 | 2,911 | ||
Total equity and liabilities | 5,240 | 5,270 | 5,165 | ||
Operating segments [member] | Mobile Financial Services, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Total equity | (633) | (445) | (213) | ||
Non-current lease liabilities | 23 | 27 | 31 | ||
Non-current employee benefits | 7 | 11 | 8 | ||
Other | 172 | 93 | 110 | ||
Total non-current liabilities | 202 | 131 | 150 | ||
Current lease liabilities | 4 | 4 | 5 | ||
Current fixed assets payables | 6 | 1 | |||
Trade payables | 153 | 157 | 120 | ||
Current employee benefits | 24 | 27 | 27 | ||
Deferred income | 5 | 3 | |||
Other | 4,190 | 4,136 | 3,715 | ||
Total current liabilities | 4,382 | 4,329 | 3,867 | ||
Total equity and liabilities | 3,951 | 4,015 | 3,804 | ||
Elimination of intersegment amounts | Telecom activities and Mobile Financial Services [member] | |||||
Disclosure of operating segments [line items] | |||||
Other | (27) | (27) | (27) | ||
Total non-current liabilities | (27) | (27) | (27) | ||
Trade payables | (62) | (103) | (55) | ||
Customer contract liabilities | (1) | (1) | |||
Current liabilities included in the calculation of net financial debt | (6) | (4) | (2) | ||
Other | (12) | (5) | (2) | ||
Total current liabilities | (81) | (113) | (61) | ||
Total equity and liabilities | (108) | (140) | (88) | ||
Elimination of intersegment amounts | Telecom activities, operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Total equity | 35,589 | 35,806 | 37,413 | ||
Non-current liabilities included in the calculation of net financial debt | 32,265 | 32,083 | 30,858 | ||
Other | 1,235 | 1,312 | 990 | ||
Total non-current liabilities | 33,500 | 33,395 | 31,847 | ||
Current fixed assets payables | (1) | ||||
Trade payables | (1,200) | (774) | (761) | ||
Customer contract liabilities | (27) | (28) | (27) | ||
Deferred income | (2) | ||||
Current liabilities included in the calculation of net financial debt | 4,759 | 3,549 | 5,207 | ||
Other | (630) | (587) | 80 | ||
Total current liabilities | 2,901 | 2,158 | 4,498 | ||
Total equity and liabilities | 71,989 | 71,360 | € 73,757 | ||
Elimination of intersegment amounts | Europe (excluding France), operating segment [member] | |||||
Disclosure of operating segments [line items] | |||||
Trade payables | (1) | 1 | |||
Total current liabilities | (1) | 1 | |||
Total equity and liabilities | € (1) | € 1 |
Segment information - Segment_7
Segment information - Segment equity and liabilities - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of operating segments [line items] | |||
Non-current financial liabilities related to Mobile Financial Services activities | € 82 | ||
Non-current financial liabilities | 31,930 | ||
Current financial liabilities related to Mobile Financial Services activities | 3,034 | € 3,161 | € 3,128 |
Mobile Financial Services, operating segment [member] | |||
Disclosure of operating segments [line items] | |||
Non-current financial liabilities | 171 | 86 | 102 |
Current financial liabilities related to Mobile Financial Services activities | 3,034 | € 3,161 | € 3,128 |
Mobile Financial Services, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Non-current financial liabilities related to Mobile Financial Services activities | 109 | ||
Current financial liabilities related to Mobile Financial Services activities | € 3,034 |
Segment information - Simplifie
Segment information - Simplified statement of cash flows on telecommunication and banking activities - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Operating activities | ||||
Consolidated net income | € 2,617 | € 778 | € 5,055 | |
Non-monetary items and reclassified items for presentation | 13,298 | 14,592 | 10,310 | |
Changes in working capital and operating banking activities | ||||
Decrease (increase) in inventories, gross | (108) | (126) | 72 | |
Decrease (increase) in trade receivables, gross | (289) | 64 | (488) | |
Increase (decrease) in trade payables | 297 | 36 | (122) | |
Changes in other customer contract assets and liabilities | (26) | 140 | (41) | |
Changes in other assets and liabilities (2) | [1] | (666) | (292) | (62) |
Operating taxes and levies paid | (1,906) | (1,880) | (1,929) | |
Operating taxes and levies paid | 1,906 | 1,914 | 1,929 | |
Dividends received | 13 | 12 | 6 | |
Interest paid and interest rates effects on derivatives, net (3) | [2] | (963) | (1,134) | (1,264) |
Adjustments for current tax of prior periods | 2,246 | |||
Income tax paid excluding the effect of the tax litigation for years 2005 - 2006 | (1,033) | (954) | (1,086) | |
Net cash provided by operating activities (a) | 11,235 | 11,236 | 12,697 | |
Investing activities | ||||
Purchases (sales) of property, plant and equipment and intangible assets | (8,282) | (8,580) | (7,176) | |
Purchases of property, plant and equipment and intangible assets | [3] | (8,777) | (8,749) | (8,546) |
Increase (decrease) in fixed assets payables | 170 | (72) | 958 | |
Investing donations received in advance | 1 | 24 | 39 | |
Sales of property, plant and equipment and intangible assets (5) | [4] | 324 | 217 | 374 |
Cash paid for investment securities, net of cash acquired | (58) | (211) | (49) | |
Investments in associates and joint ventures | (10) | (3) | (7) | |
Proceeds from sales of investment securities, net of cash transferred | 12 | 891 | 19 | |
Other proceeds from sales of investment securities at fair value | 5 | 95 | 18 | |
Other decrease (increase) in securities and other financial assets | (2,081) | 1,908 | 1,716 | |
Purchases of equity securities measured at fair value | (34) | (76) | (67) | |
Proceeds from sales of investment securities, net of cash transferred | 12 | 891 | 1 | |
Decrease (increase) in securities and other financial assets | (2,081) | 1,908 | 1,716 | |
Net cash used in investing activities (b) | (10,448) | (5,976) | (5,564) | |
Financing activities | ||||
Medium and long-term debt issuances | 1,809 | 2,523 | 2,694 | |
Medium and long-term debt redemptions and repayments(7) | [5] | (1,088) | (4,572) | (3,476) |
Increase (decrease) of bank overdrafts and short-term borrowings | (400) | 1,143 | (413) | |
Decrease (increase) of cash collateral deposits | 771 | 988 | (747) | |
Exchange rates effects on derivatives, net | (91) | 201 | 37 | |
Repayments of lease liabilities | (1,519) | (1,625) | (1,398) | |
Subordinated notes issuances (purchases) and other related fees | (451) | (311) | (12) | |
Coupon on subordinated notes | (213) | (238) | (280) | |
Proceeds from sale or issue of treasury shares, or (payments) to acquire or redeem entitys shares, other than share award plan | 14 | (199) | 7 | |
ow employee share offering (Orange Together 2021) | (20) | 188 | ||
Capital increase (decrease) - non-controlling interests | 5 | 2 | ||
Changes in ownership interests with no gain / loss of control | (11) | (403) | (3) | |
Dividends paid to owners of the parent company | (1,861) | (2,127) | (1,595) | |
Dividends paid to non-controlling interests | (304) | (218) | (226) | |
Net cash used in financing activities (c) | (3,343) | (4,834) | (5,410) | |
Effect of exchange rate changes on cash and cash equivalents [abstract] | ||||
Cash and cash equivalents in the opening balance | 8,621 | 8,145 | 6,481 | |
Cash change in cash and cash equivalents | (2,556) | 427 | 1,724 | |
Effect of exchange rates changes on cash and cash equivalents and other non-monetary effects | (61) | 50 | (59) | |
Cash and cash equivalents in the closing balance | 6,004 | 8,621 | 8,145 | |
Elimination of intersegment amounts | ||||
Operating activities | ||||
Non-monetary items and reclassified items for presentation | 1 | 1 | 1 | |
Changes in working capital and operating banking activities | ||||
Decrease (increase) in trade receivables, gross | (41) | 47 | 23 | |
Increase (decrease) in trade payables | 41 | (47) | (22) | |
Changes in other customer contract assets and liabilities | 1 | (1) | ||
Interest paid and interest rates effects on derivatives, net (3) | (1) | (1) | (1) | |
Net cash provided by operating activities (a) | (1) | |||
Investing activities | ||||
Other decrease (increase) in securities and other financial assets | 2 | 2 | (2) | |
Decrease (increase) in securities and other financial assets | 2 | 2 | (2) | |
Net cash used in investing activities (b) | 2 | 2 | (2) | |
Financing activities | ||||
Medium and long-term debt issuances | (27) | |||
Medium and long-term debt redemptions and repayments(7) | 27 | |||
Increase (decrease) of bank overdrafts and short-term borrowings | (2) | (2) | 2 | |
Net cash used in financing activities (c) | (2) | (2) | 2 | |
Telecom activities, operating segment [member] | Operating segments [member] | ||||
Operating activities | ||||
Consolidated net income | 2,810 | 958 | 5,252 | |
Non-monetary items and reclassified items for presentation | 13,283 | 14,504 | 10,238 | |
Changes in working capital and operating banking activities | ||||
Decrease (increase) in inventories, gross | (108) | (126) | 72 | |
Decrease (increase) in trade receivables, gross | (209) | 37 | (483) | |
Increase (decrease) in trade payables | 260 | 47 | (85) | |
Changes in other customer contract assets and liabilities | (26) | 140 | (40) | |
Changes in other assets and liabilities (2) | (201) | 21 | 36 | |
Operating taxes and levies paid | (1,907) | (1,874) | (1,931) | |
Dividends received | 13 | 12 | 6 | |
Interest paid and interest rates effects on derivatives, net (3) | (962) | (1,130) | (1,265) | |
Adjustments for current tax of prior periods | 2,246 | |||
Income tax paid excluding the effect of the tax litigation for years 2005 - 2006 | (1,033) | (955) | (1,085) | |
Net cash provided by operating activities (a) | 11,921 | 11,636 | 12,961 | |
Investing activities | ||||
Purchases (sales) of property, plant and equipment and intangible assets | (8,251) | (8,557) | (7,146) | |
Purchases of property, plant and equipment and intangible assets | (8,742) | (8,725) | (8,516) | |
Elimination of telecommunication licenses paid | (981) | (717) | (351) | |
Increase (decrease) in fixed assets payables | 165 | (73) | 958 | |
Investing donations received in advance | 1 | 24 | 39 | |
Sales of property, plant and equipment and intangible assets (5) | 324 | 217 | 374 | |
Cash paid for investment securities, net of cash acquired | (57) | (210) | (16) | |
Investments in associates and joint ventures | (10) | (3) | (7) | |
Proceeds from sales of investment securities, net of cash transferred | 12 | 891 | 5 | |
Other proceeds from sales of investment securities at fair value | 5 | 95 | ||
Other decrease (increase) in securities and other financial assets | (2,289) | 1,632 | 1,596 | |
Purchases of equity securities measured at fair value | (34) | (75) | (65) | |
Decrease (increase) in securities and other financial assets | (2,289) | 1,632 | 1,596 | |
Net cash used in investing activities (b) | (10,625) | (6,227) | (5,634) | |
Financing activities | ||||
Medium and long-term debt issuances | 1,809 | 2,523 | 2,694 | |
Medium and long-term debt redemptions and repayments(7) | (1,088) | (4,572) | (3,476) | |
Increase (decrease) of bank overdrafts and short-term borrowings | (367) | 1,148 | (299) | |
Decrease (increase) of cash collateral deposits | 673 | 973 | (749) | |
Exchange rates effects on derivatives, net | (91) | 201 | 37 | |
Repayments of lease liabilities | (1,514) | (1,621) | (1,394) | |
Subordinated notes issuances (purchases) and other related fees | (451) | (311) | (12) | |
Coupon on subordinated notes | (213) | (238) | (280) | |
Proceeds from sale or issue of treasury shares, or (payments) to acquire or redeem entitys shares, other than share award plan | 14 | (199) | 7 | |
Capital increase (decrease) - non-controlling interests | 1 | 2 | ||
Capital increase (decrease) - Telecom activities / Mobile Financial Services | (173) | (317) | (197) | |
Changes in ownership interests with no gain / loss of control | (11) | (403) | (3) | |
Dividends paid to owners of the parent company | (1,861) | (2,127) | (1,595) | |
Dividends paid to non-controlling interests | (304) | (218) | (225) | |
Net cash used in financing activities (c) | (3,577) | (5,160) | (5,490) | |
Effect of exchange rate changes on cash and cash equivalents [abstract] | ||||
Cash and cash equivalents in the opening balance | 8,188 | 7,891 | ||
Cash change in cash and cash equivalents | (2,281) | 249 | 1,839 | |
Effect of exchange rates changes on cash and cash equivalents and other non-monetary effects | (61) | 48 | (59) | |
Cash and cash equivalents in the closing balance | 5,846 | 8,188 | 7,891 | |
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Operating activities | ||||
Consolidated net income | (194) | (181) | (196) | |
Non-monetary items and reclassified items for presentation | 14 | 86 | 70 | |
Changes in working capital and operating banking activities | ||||
Decrease (increase) in inventories, gross | 0 | |||
Decrease (increase) in trade receivables, gross | (39) | (21) | (28) | |
Increase (decrease) in trade payables | (4) | 37 | (14) | |
Changes in other assets and liabilities (2) | (465) | (313) | (98) | |
Operating taxes and levies paid | 1 | (6) | 2 | |
Interest paid and interest rates effects on derivatives, net (3) | (3) | 2 | ||
Income tax paid excluding the effect of the tax litigation for years 2005 - 2006 | (1) | |||
Income tax (paid) | 1 | |||
Net cash provided by operating activities (a) | (686) | (399) | (263) | |
Investing activities | ||||
Purchases (sales) of property, plant and equipment and intangible assets | (31) | (23) | (30) | |
Purchases of property, plant and equipment and intangible assets | (35) | (24) | (30) | |
Increase (decrease) in fixed assets payables | 5 | 1 | ||
Cash paid for investment securities, net of cash acquired | (1) | (32) | ||
Proceeds from sales of investment securities, net of cash transferred | 14 | |||
Other decrease (increase) in securities and other financial assets | 206 | 274 | 121 | |
Purchases of equity securities measured at fair value | (1) | |||
Decrease (increase) in securities and other financial assets | 206 | 274 | 121 | |
Net cash used in investing activities (b) | 175 | 249 | 72 | |
Financing activities | ||||
Medium and long-term debt issuances | 27 | |||
Medium and long-term debt redemptions and repayments(7) | (27) | |||
Increase (decrease) of bank overdrafts and short-term borrowings | (32) | (3) | (116) | |
Decrease (increase) of cash collateral deposits | 99 | 15 | 1 | |
Repayments of lease liabilities | (4) | (4) | (4) | |
Capital increase (decrease) - non-controlling interests | 4 | |||
Capital increase (decrease) - Telecom activities / Mobile Financial Services | 173 | 317 | 197 | |
Dividends paid to non-controlling interests | (1) | |||
Net cash used in financing activities (c) | 236 | 328 | 78 | |
Effect of exchange rate changes on cash and cash equivalents [abstract] | ||||
Cash and cash equivalents in the opening balance | 433 | 254 | ||
Cash change in cash and cash equivalents | (275) | 177 | (115) | |
Effect of exchange rates changes on cash and cash equivalents and other non-monetary effects | 2 | |||
Cash and cash equivalents in the closing balance | € 158 | € 433 | € 254 | |
[1] Excluding operating tax receivables and payables Including interests paid on lease liabilities for (141) million euros in 2022, (120) million euros in 2021 and (131) million euros in 2020 and interests paid on financed asset liabilities for (3) million euros in 2022 and (1) million euros in 2021 and 2020. Acquisitions of financed assets for 229 million euros in 2022, 40 million euros in 2021 and 241 million euros in 2020 have no effect on the net cash used in investing activities. Including proceeds from sale and lease-back transactions for 14 million euros in 2022, 10 million euros in 2021 and 227 million euros in 2020. Including TDIRA buy-backs in 2020 (see Note 13.4). |
Segment information - Simplif_2
Segment information - Simplified statement of cash flows on telecommunication and banking activities - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Interests paid on lease liabilities | € (141) | € (120) | € (131) |
Interests paid on financed asset liabilities | (3) | (1) | (1) |
Significant litigations paid and received | (20) | (306) | 2,217 |
Repayments of debts relating to financed assets | (97) | (80) | (60) |
Capital increase (decrease) - non-controlling interests | 5 | 2 | |
Adjustments for current tax of prior periods | 2,246 | ||
Orange Bank [member] | |||
Disclosure of operating segments [line items] | |||
Capital increase (decrease) - non-controlling interests | 150 | 300 | 197 |
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Significant litigations paid and received | 20 | 306 | (2,217) |
Telecommunication licenses paid | € 981 | 717 | 351 |
Finance leases liabilities repayments | (500) | ||
Capital increase (decrease) - non-controlling interests | € 1 | 2 | |
Adjustments for current tax of prior periods | € 2,246 |
Segment information - Organic c
Segment information - Organic cash flow from telecom activities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Net cash provided by operating activities (telecom activities) | € 11,235 | € 11,236 | € 12,697 |
Purchases (sales) of property, plant and equipment and intangible assets | (8,282) | (8,580) | (7,176) |
Repayments of lease liabilities | (1,519) | (1,625) | (1,398) |
Elimination of significant litigation paid / (received) | (20) | (306) | 2,217 |
Elimination of intersegment amounts | |||
Disclosure of operating segments [line items] | |||
Net cash provided by operating activities (telecom activities) | (1) | ||
Telecom activities, operating segment [member] | Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Net cash provided by operating activities (telecom activities) | 11,921 | 11,636 | 12,961 |
Purchases (sales) of property, plant and equipment and intangible assets | (8,251) | (8,557) | (7,146) |
Repayments of lease liabilities | (1,514) | (1,621) | (1,394) |
Repayments of debts relating to financed assets | (97) | (80) | (60) |
Elimination of telecommunication licenses paid | 981 | 717 | 351 |
Elimination of significant litigation paid / (received) | 20 | 306 | (2,217) |
Organic cash flow from telecom activities | € 3,058 | € 2,401 | € 2,494 |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about business combination [abstract] | |||
Gains (losses) on disposal of fixed assets | € 159 | € 52 | € 221 |
Gains (losses) on disposal of investments and activities | 74 | 2,455 | 7 |
Gains (losses) on disposal of fixed assets, investments and activities | € 233 | € 2,507 | € 228 |
Gains and losses on disposal _4
Gains and losses on disposal and main changes in scope of consolidation - Changes in the scope of consolidation during 2022 (Details) - Odyssey Music Group (Deezer) - EUR (€) € / shares in Units, € in Thousands | 8 Months Ended | 12 Months Ended | |
Jul. 05, 2022 | Dec. 31, 2022 | Dec. 31, 2022 | |
Gains and losses on disposal and main changes in scope of consolidation | |||
Market value of entity, all shares | € 1,050 | ||
Equity interest | 10.42% | ||
Ownership interest in new entity | 8.13% | ||
Number of shares acquired | 9,061,723 | 500,000 | |
Price per share, basis for fair value valuation at recognition date | € 2.92 | ||
Gains on disposals of investments | € 77,000 | ||
Decrease in fair value recognized in other comprehensive income | € 77,000 | € (54,000) | |
I2PO | |||
Gains and losses on disposal and main changes in scope of consolidation | |||
Price per share, basis for fair value valuation at recognition date | € 8.50 |
Gains and losses on disposal _5
Gains and losses on disposal and main changes in scope of consolidation - Ongoing transactions at December 31, 2022 (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 24, 2021 | Dec. 31, 2022 | |
VOO SA | ||
Disclosure of detailed information about business combination [line items] | ||
Ownership interest as a percentage (as a percent) | 75% | |
Number of shares not acquired | 1 | |
Enterprise value for 100% capital | € 1.8 | |
MasMovil | ||
Disclosure of detailed information about business combination [line items] | ||
Enterprise value | € 10.9 | |
Orange and Masmovil joint venture | ||
Disclosure of detailed information about business combination [line items] | ||
Enterprise value | 18.6 | |
Non-recourse debt package | 6.6 | |
Upfront payment | € 5,850 | |
Orange Espagne | ||
Disclosure of detailed information about business combination [line items] | ||
Ownership interest in joint venture | 50% | |
Enterprise value | € 7.8 | |
Lorca JVCo | ||
Disclosure of detailed information about business combination [line items] | ||
Ownership interest in joint venture | 50% |
Gains and losses on disposal _6
Gains and losses on disposal and main changes in scope of consolidation - Main changes in the scope of consolidation (Details) € in Millions | 1 Months Ended | 12 Months Ended | |||
Nov. 03, 2021 EUR (€) | Nov. 30, 2021 EUR (€) item | Dec. 31, 2021 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2020 EUR (€) | |
Disclosure of detailed information about business combination [line items] | |||||
Repayments of loans contracted | € 663 | ||||
Reameasurement at fair value of remaining interests held | € 1,440 | € 1,486 | € 98 | ||
Orange Concessions | |||||
Disclosure of detailed information about business combination [line items] | |||||
Percentage of equity interest sold | 50% | ||||
Repayments of loans contracted | € 43 | € 620 | |||
Ownership interest (as a percent) | 50% | 50% | |||
Reameasurement at fair value of remaining interests held | € 1,053 | ||||
Orange Concessions | HIN Consortium [Member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Percentage of equity interest sold | 50% | ||||
Consideration for sale of equity interest | € 1,053 | ||||
HIN Consortium [Member] | Orange Concessions | |||||
Disclosure of detailed information about business combination [line items] | |||||
Ownership interest (as a percent) | 50% | ||||
Orange Concessions | |||||
Disclosure of detailed information about business combination [line items] | |||||
Subsidiaries that hold Public Initiative Networks (PIN) contracts with local authorities | item | 24 |
Gains and losses on disposal _7
Gains and losses on disposal and main changes in scope of consolidation - Gain or loss on group's consolidated income statement (Details) - EUR (€) € in Millions | Nov. 03, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about business combination [line items] | ||||
Reameasurement at fair value of remaining interests held | € 1,486 | € 1,440 | € 98 | |
Orange Concessions | ||||
Disclosure of detailed information about business combination [line items] | ||||
Sales price | € 1,053 | |||
Reameasurement at fair value of remaining interests held | 1,053 | |||
Fair value at the disposal date | 2,107 | |||
Net book value and transaction costs related to sale | 17 | |||
Gain resulting from the loss of exclusive control | 2,124 | |||
Tax cost related to sale of the shares | (47) | |||
Net gain resulting from the loss of exclusive control | € 2,077 | |||
Percentage of equity interest sold | 50% |
Gains and losses on disposal _8
Gains and losses on disposal and main changes in scope of consolidation - effects of the disposal of Orange Concessions shares presented in the cash flow statement (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Nov. 03, 2021 | Aug. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about business combination [line items] | |||||
Sale price of sold shares, net of transaction costs | € 202 | ||||
Sales of investment securities, net of cash transferred | € 12 | € 891 | € 1 | ||
Orange Concessions | |||||
Disclosure of detailed information about business combination [line items] | |||||
Sale price of sold shares, net of transaction costs | € 1,046 | ||||
Tax costs related to sale of Orange Concessions' shares | 47 | ||||
Transferred cash of Orange Concessions | 242 | ||||
Sales of investment securities, net of cash transferred | € 758 |
Gains and losses on disposal _9
Gains and losses on disposal and main changes in scope of consolidation - Assets and liabilities of Orange Concessions and its subsidiaries (Details) - EUR (€) € in Millions | 12 Months Ended | |||||
Nov. 03, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about business combination [line items] | ||||||
Assets | € 109,650 | € 108,071 | € 107,676 | € 106,689 | € 104,262 | |
Trade receivables | 6,305 | 6,029 | 5,620 | 5,320 | ||
Other assets | 2,433 | 2,130 | 1,837 | 1,383 | ||
Cash and cash equivalents | 6,004 | 8,621 | 8,145 | 6,481 | 6,481 | |
Liabilities | 109,650 | 108,071 | 107,676 | 106,689 | 104,262 | |
Equity | 34,956 | 35,361 | 37,200 | € 34,561 | € 33,364 | |
Income statement | ||||||
Revenue | 43,471 | 42,522 | 42,270 | |||
Finance costs, net | (920) | (782) | (1,314) | |||
Income tax | 1,265 | 962 | (848) | |||
Consolidated net income | € 2,617 | € 778 | € 5,055 | |||
Orange Concessions | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Assets | € 1,374 | |||||
Intangible and tangible assets | 925 | |||||
Financial assets | 76 | |||||
Trade receivables | 71 | |||||
Other assets | 60 | |||||
Cash and cash equivalents | 242 | |||||
Liabilities | 1,374 | |||||
Equity | (62) | |||||
Trade payables | 632 | |||||
Financial liabilities | 710 | |||||
Other liabilities | 94 | |||||
Income statement | ||||||
Revenue | 471 | |||||
Operating income | (23) | |||||
Finance costs, net | (21) | |||||
Income tax | (11) | |||||
Consolidated net income | € (55) |
Gains and losses on disposal_10
Gains and losses on disposal and main changes in scope of consolidation - Orange Polska and FiberCo in Poland general information (Details) € in Millions | Aug. 31, 2021 EUR (€) |
Disclosure of detailed information about business combination [line items] | |
Amount received in cash | € 202 |
FiberCo | |
Disclosure of detailed information about business combination [line items] | |
Percentage of equity interest sold | 50% |
Net gain resulting from the loss of exclusive control on FiberCo | € 310 |
Sales price | 292 |
Amount received in cash | 288 |
Amount to be received subject to compliance with network deployment schedule | € (90) |
Gains and losses on disposal_11
Gains and losses on disposal and main changes in scope of consolidation - Net tax gain associated with the loss of control in the FiberCo (Details) - EUR (€) € in Millions | Aug. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about business combination [line items] | ||||
Reameasurement at fair value of remaining interests held | € 1,486 | € 1,440 | € 98 | |
FiberCo | ||||
Disclosure of detailed information about business combination [line items] | ||||
Sales price | € 292 | |||
Reameasurement at fair value of remaining interests held | 292 | |||
Fair value at the disposal date | 584 | |||
Net book value and transaction costs related to sale | (244) | |||
Gain resulting from the loss of control on the FiberCo | 340 | |||
Tax cost related to sale of the shares | 30 | |||
Net gain resulting from the loss of exclusive control | € 310 | |||
Percentage of equity interest sold | 50% |
Gains and losses on disposal_12
Gains and losses on disposal and main changes in scope of consolidation - Effects of the disposal of FiberCo's shares in the cash flow statement (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Aug. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about business combination [line items] | ||||
Sale price of sold shares, net of transaction costs | € 202 | |||
Sales of investment securities, net of cash transferred | € 12 | € 891 | € 1 | |
FiberCo | ||||
Disclosure of detailed information about business combination [line items] | ||||
Sale price of sold shares, net of transaction costs | 288 | |||
Tax costs related to the transaction (VAT and income tax) | (61) | |||
Transferred cash of the sold entity | (5) | |||
Receivables on sale of shares | (90) | |||
Sales of investment securities, net of cash transferred | € 132 |
Gains and losses on disposal_13
Gains and losses on disposal and main changes in scope of consolidation - Assets and liabilities of FiberCo (Details) - EUR (€) € in Millions | Aug. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about business combination [line items] | ||||||
Assets | € 109,650 | € 108,071 | € 107,676 | € 106,689 | € 104,262 | |
Property, plant and equipment | 31,640 | 30,484 | 29,075 | 28,423 | ||
Operating taxes and levies receivables | 1,265 | 1,163 | 1,104 | |||
Prepaid expenses | 851 | 851 | 850 | 730 | ||
Other assets | 2,433 | 2,130 | 1,837 | 1,383 | ||
Cash and cash equivalents | 6,004 | 8,621 | 8,145 | 6,481 | 6,481 | |
Liabilities | 109,650 | 108,071 | 107,676 | 106,689 | 104,262 | |
Equity | 34,956 | € 35,361 | € 37,200 | € 34,561 | € 33,364 | |
Non-current financial liabilities | € 31,930 | |||||
FiberCo | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Assets | € 297 | |||||
Property, plant and equipment | 87 | |||||
Operating taxes and levies receivables | 46 | |||||
Prepaid expenses | 154 | |||||
Other assets | 5 | |||||
Cash and cash equivalents | 5 | |||||
Liabilities | 297 | |||||
Equity | 240 | |||||
Non-current financial liabilities | 36 | |||||
Other liabilities | 21 | |||||
Amount of obligation to refinance Entity | € 66 | |||||
Percent of additional stake exercisable over fiscal years 2027 through 2029 | 1% |
Gains and losses on disposal_14
Gains and losses on disposal and main changes in scope of consolidation - Telekom Romania Communications (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Sep. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about business combination [line items] | ||||
Cash paid for investment securities, net of cash acquired | € 58 | € 211 | € 49 | |
Telekom Romania Communications [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Voting equity interests acquired (as a percent) | 54% | 54% | ||
Acquisition cost | € 296 | € 285 | ||
Acquisition cost adjustment | (11) | |||
Cash acquired | (90) | |||
Cash paid for investment securities, net of cash acquired | € 195 |
Gains and losses on disposal_15
Gains and losses on disposal and main changes in scope of consolidation - Telekom Romania Communication IFRS3 (Details) - Telekom Romania Communications [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 |
Disclosure of detailed information about business combination [line items] | |||
Purchase price related to the acquisition of the 54% share | € 285 | € 296 | |
Fair value of non controlling interests | 245 | ||
Acquisition price | 530 | ||
Net book value acquired | 261 | ||
Effects of fair value measurement: | |||
Tangible assets | 261 | ||
Customer relationship | 29 | ||
Other intangibles | 2 | ||
Others | (3) | ||
Net deferred tax | (20) | ||
Net asset remeasured at fair value | € 530 | ||
Goodwill | € (272) |
Gains and losses on disposal_16
Gains and losses on disposal and main changes in scope of consolidation - Orange Belgium (Details) - EUR (€) € / shares in Units, € in Millions | May 05, 2021 | Apr. 08, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about business combination [line items] | |||||||
Equity | € 34,956 | € 35,361 | € 37,200 | € 34,561 | € 33,364 | ||
Equity attributable to owners of parent | 31,784 | 32,341 | 34,557 | 31,875 | 30,785 | ||
Non-controlling interests | € 3,172 | € 3,020 | € 2,643 | € 2,687 | € 2,580 | ||
Orange Belgium [member] | |||||||
Disclosure of detailed information about business combination [line items] | |||||||
Percentage of ownership interest aimed to acquire at public offer | 46.97% | ||||||
Voluntary public tender offer price per share | € 22 | ||||||
Proportion of ownership interest in subsidiary | 76.97% | ||||||
Total acquisition cost of shares acquired under program | € 316 | ||||||
Equity | (316) | ||||||
Equity attributable to owners of parent | (172) | ||||||
Non-controlling interests | € (144) |
Gains and losses on disposal_17
Gains and losses on disposal and main changes in scope of consolidation - Squeeze-out offer on Business & Decision shares (Details) - Business and Decision [member] - EUR (€) € in Millions | 12 Months Ended | ||
May 28, 2020 | Dec. 31, 2022 | Dec. 31, 2020 | |
Disclosure of detailed information about business combination [line items] | |||
Ownership percentage (as a percent) | 100% | ||
Percentage of ownership interest aimed to acquire at public offer | 6.38% | ||
Acquisition cost | € 4 |
Sales - Revenue (Details)
Sales - Revenue (Details) | 12 Months Ended |
Dec. 31, 2022 item | |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Sales | |||
Net banking income | € 124 | € 119 | € 79 |
Income from customer collection | 91 | 89 | 101 |
Site rentals and franchises income | 34 | 87 | 54 |
Tax credits and subsidies | 48 | 44 | 31 |
Income from universal service | 3 | 4 | 4 |
Other income | 447 | 441 | 336 |
Total | € 747 | € 783 | € 604 |
Sales - Trade receivables - Net
Sales - Trade receivables - Net book value reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Net book value of trade receivables - in the opening balance | € 6,029 | € 5,620 | € 5,320 |
Business related variations | 299 | (53) | 379 |
Changes in the scope of consolidation | (3) | 389 | 4 |
Translation adjustment | (76) | 36 | (90) |
Reclassifications and other items | 56 | 36 | 7 |
Net book value of trade receivables - in the closing balance | € 6,305 | 6,029 | € 5,620 |
Orange Concessions | |||
Disclosure of subsidiaries [line items] | |||
Changes in the scope of consolidation | 288 | ||
Telekom Romania Communications [member] | |||
Disclosure of subsidiaries [line items] | |||
Changes in the scope of consolidation | € 100 |
Sales - Trade receivables - Add
Sales - Trade receivables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Sales | |||
Proceeds from the sale of receivables | € 640 | € 740 | € 640 |
Sales - Trade receivables - Cat
Sales - Trade receivables - Categories (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Sales | ||||
Net trade receivables, depreciated according to their age | € 1,191 | € 1,204 | € 1,145 | |
Net trade receivables, depreciated according to other criteria | 324 | 422 | 400 | |
Net trade receivables past due | 1,515 | 1,627 | 1,544 | |
Net trade receivables not past due | 4,790 | 4,402 | 4,076 | |
Net trade receivables | € 6,305 | € 6,029 | € 5,620 | € 5,320 |
Sales - Trade receivables - Sho
Sales - Trade receivables - Short-term and long-term (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Sales | ||||
Net trade receivables | € 6,305 | € 6,029 | € 5,620 | € 5,320 |
o/w short-term trade receivables | 6,022 | 5,793 | 5,382 | |
o/w long-term trade receivables | € 283 | € 236 | € 238 |
Sales - Trade receivables - Agi
Sales - Trade receivables - Aging (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Net trade receivables, depreciated according to their age | € 1,191 | € 1,204 | € 1,145 |
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, depreciated according to their age | 672 | 714 | 596 |
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, depreciated according to their age | 142 | 164 | 213 |
Later than one year [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Net trade receivables, depreciated according to their age | € 377 | € 326 | € 335 |
Sales - Trade receivables - Not
Sales - Trade receivables - Not past due - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of provision matrix [line items] | ||||
Expected credit losses on trade receivables not past due | € 46 | € 54 | € 56 | |
Trade receivables | ||||
Disclosure of provision matrix [line items] | ||||
Expected credit losses on trade receivables | € 996 | € 1,012 | € 983 | € 888 |
Sales - Trade receivables - Imp
Sales - Trade receivables - Impairment (Details) € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Sales | |
Net addition with impact on income statement | € (208) |
Sales - Trade receivables - All
Sales - Trade receivables - Allowances reconciliation - Tabular disclosure (Details) - Trade receivables - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Allowances on trade receivables - in the opening balance | € (1,012) | € (983) | € (888) |
Net addition with impact on income statement | (208) | (212) | (383) |
Losses on trade receivables | 218 | 283 | 275 |
Changes in the scope of consolidation | (6) | (91) | |
Translation adjustment | 16 | (7) | 13 |
Reclassifications and other items | (4) | (1) | |
Allowances on trade receivables - in the closing balance | € (996) | € (1,012) | € (983) |
Sales - Trade receivables - A_2
Sales - Trade receivables - Allowances reconciliation - Additional information (Details) € in Millions | 12 Months Ended |
Dec. 31, 2020 EUR (€) | |
Telecom activities, operating segment | Health crisis | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Net addition with impact on income statement | € (129) |
Sales - Trade receivables - Acc
Sales - Trade receivables - Accounting policies (Details) | 12 Months Ended |
Dec. 31, 2022 item | |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [line items] | ||||
Customer contract net assets | € 733 | € 740 | € 709 | € 771 |
Total customer contract net assets | 1,570 | 1,460 | 1,236 | |
Prepaid telephone cards | (175) | (186) | (197) | |
Connection fees | (507) | (563) | (589) | |
Loyalty programs | (31) | (29) | (25) | |
Other deferred revenue | (1,847) | (1,717) | (1,158) | |
Other customer contract liabilities | (19) | (17) | (15) | |
Customer contract liabilities | (2,579) | (2,512) | (1,984) | (2,093) |
Total customer contract net assets and liabilities | (1,009) | (1,052) | (748) | |
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 | 298 | 294 | 262 | 258 |
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 | € 539 | € 426 | € 265 | € 181 |
Sales - Reconciliation of custo
Sales - Reconciliation of customer contract net assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [abstract] | |||
Customer contract net assets at beginning of period | € 740 | € 709 | € 771 |
Business related variations | (1) | 30 | (60) |
Changes in the scope of consolidation | 4 | ||
Translation adjustment | (1) | (3) | |
Reclassifications and other items | (6) | (3) | |
Customer contract net assets at end of period | € 733 | € 740 | € 709 |
Sales - Reconciliation of costs
Sales - Reconciliation of costs of obtaining and to fulfill a contract (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
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 | € 294 | € 262 | € 258 |
Business related variations | 6 | 20 | 11 |
Changes in the scope of consolidation | 12 | ||
Translation adjustment | (2) | (1) | (7) |
Cost to obtain or fulfil contracts with customers at end of period | 298 | 294 | 262 |
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 | 426 | 265 | 181 |
Business related variations | 122 | 31 | 21 |
Translation adjustment | (5) | 11 | (12) |
Reclassifications and other items | (4) | 118 | 75 |
Cost to obtain or fulfil contracts with customers at end of period | € 539 | € 426 | € 265 |
Sales - Reconciliation of defer
Sales - Reconciliation of deferred revenue related to customer contracts (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Sales | |||
Deferred revenue related to customer contracts at beginning of period | € 2,512 | € 1,984 | € 2,093 |
Business related variations | 101 | 220 | (73) |
Changes in the scope of consolidation | 1 | 183 | |
Translation adjustment | (23) | 13 | (31) |
Reclassifications and other items | (13) | 112 | (6) |
Deferred revenue related to customer contracts at end of period | € 2,579 | € 2,512 | € 1,984 |
Sales - Transaction price assig
Sales - Transaction price assigned to unfulfilled performance obligations (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | € 11,104 |
Not later than one year [member] | |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | 6,589 |
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 | 2,739 |
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 | 943 |
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 | 433 |
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 | 216 |
Later than five years [member] | |
Disclosure of transaction price allocated to remaining performance obligations [line items] | |
Total remaining performance obligations | € 184 |
Sales - Other assets - Componen
Sales - Other assets - Components (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Sales | ||||
Advances and down payments | € 177 | € 147 | € 116 | |
Submarine cable consortiums | 230 | 194 | 258 | |
Security deposits paid | 96 | 105 | 93 | |
Orange Money - isolation of electronic money | 1,242 | 1,030 | 825 | |
Others | 688 | 654 | 545 | |
Total | € 2,433 | € 2,130 | € 1,837 | € 1,383 |
Sales - Other assets - Reconcil
Sales - Other assets - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Sales | |||
Other assets in the opening balance | € 2,130 | € 1,837 | € 1,383 |
Business related variations | 304 | 236 | 495 |
Changes in the scope of consolidation | 5 | 24 | 0 |
Translation adjustment | (17) | 28 | (32) |
Reclassifications and other items | 11 | 5 | (9) |
Other assets in the closing balance | € 2,433 | € 2,130 | € 1,837 |
Purchases and other expenses -
Purchases and other expenses - External purchases components - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Purchases and other expenses | |||||
Commercial, equipments expenses and content rights | € (7,772) | € (7,385) | € (6,868) | ||
o/w costs of terminals and other equipment sold | (4,459) | (4,234) | (3,841) | ||
o/w advertising, promotional, sponsoring and rebranding costs | (804) | (783) | (736) | ||
Service fees and inter-operator costs | (4,251) | (4,349) | (4,529) | ||
o/w interconnexion costs | 2,703 | 2,956 | 3,186 | ||
Other network expenses, IT expenses | (3,590) | (3,530) | (3,503) | ||
Other external purchases | (3,119) | (2,709) | (2,791) | ||
o/w building cost for resale | (1,236) | (1,047) | (883) | ||
o/w overhead | (1,172) | (1,044) | (1,099) | ||
o/w rental expenses | (134) | (147) | (151) | ||
Total external purchases | (18,732) | (17,973) | (17,691) | ||
Costs of other goods sold | 434 | 292 | 265 | ||
Underlying assets | € 109,650 | € 108,071 | € 107,676 | € 106,689 | € 104,262 |
Purchases and other expenses _2
Purchases and other expenses - Other operating expenses - Components - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Litigation | € (50) | € (218) | € (238) |
Allowances and losses on trade receivables - telecom activities | (206) | (213) | (382) |
Cost of bank credit risk | (49) | (48) | (31) |
Expenses from universal service | (28) | (22) | (19) |
Operating foreign exchange gains (losses) | (23) | (20) | 19 |
Acquisition and integration costs | (40) | (14) | (18) |
Other expenses | (17) | (165) | (119) |
Total other operating expenses | € (413) | € (700) | € (789) |
Purchases and other expenses _3
Purchases and other expenses - Provisions for litigation - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Purchases and other expenses | |||
Provision for litigation - opening balance | € 405 | € 525 | € 643 |
Additions with impact on income statement | 26 | 162 | 119 |
Reversals with impact on income statement | (12) | (10) | (29) |
Discounting with impact on income statement | 1 | ||
Utilizations without impact on income statement | (34) | (317) | (205) |
Changes in consolidation scope | 2 | ||
Translation adjustment | 0 | 1 | (2) |
Reclassifications and other items | 44 | ||
Provision for litigation - closing balance | € 387 | € 405 | € 525 |
Purchases and other expenses _4
Purchases and other expenses - Provisions for litigation - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Purchases and other expenses | ||||
Total provision for litigation | € 387 | € 405 | € 525 | € 643 |
o/w non-current provision | 47 | 51 | 46 | |
o/w current provision | € 340 | € 353 | € 479 |
Purchases and other expenses _5
Purchases and other expenses - Restructuring costs - Components - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Purchases and other expenses | |||
Departure plans | € (54) | € (241) | € (15) |
Lease property restructuring | (21) | (6) | 2 |
Distribution channels | (12) | (22) | (5) |
Other | (38) | (63) | (8) |
Total restructuring costs | € (125) | € (331) | € (25) |
Purchases and other expenses _6
Purchases and other expenses - Restructuring costs - Components - Additional information (Details) - employee | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Orange Spain and Subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Number of people to depart | 300 | |
Orange Polska and subsidiaries [member] | ||
Disclosure of subsidiaries [line items] | ||
Number of people to depart | 1,400 | |
Orange Espagne and its subsidiaries | ||
Disclosure of subsidiaries [line items] | ||
Number of people to depart | 400 |
Purchases and other expenses _7
Purchases and other expenses - Restructuring and integration costs - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Purchases and other expenses | |||
Restructuring provisions - in the opening balance | € 185 | € 117 | € 216 |
Additions with impact on income statement | 98 | 277 | 12 |
Reversals releases with impact on income statement | (26) | (17) | (17) |
Discounting with impact on income statement | (5) | (1) | 4 |
Utilizations without impact on income statement | (90) | (191) | (95) |
Translation adjustment | (1) | (3) | |
Reclassifications and other items | (1) | ||
Restructuring provisions - in the closing balance | € 162 | € 185 | € 117 |
Purchases and other expenses _8
Purchases and other expenses - Restructuring and integration costs - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Purchases and other expenses | ||||
Restructuring and integration provision | € 162 | € 185 | € 117 | € 216 |
o/w non-current provision | 43 | 61 | 53 | |
o/w current provision | € 119 | € 124 | € 64 |
Purchases and other expenses _9
Purchases and other expenses - Restructuring and integration costs - Additional Information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Restructuring And Integration Costs [Line Items] | |||
Restructuring costs | € (125) | € (331) | € (25) |
Orange Espagne and its subsidiaries | |||
Disclosure Of Restructuring And Integration Costs [Line Items] | |||
Restructuring costs | (155) | ||
Equant | |||
Disclosure Of Restructuring And Integration Costs [Line Items] | |||
Restructuring costs | € (30) | ||
Orange Polska and subsidiaries | |||
Disclosure Of Restructuring And Integration Costs [Line Items] | |||
Restructuring costs | € (29) |
Purchases and other expenses_10
Purchases and other expenses - Broadcasting rights and equipment inventories - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Document Information [Line Items] | ||||
Inventories | € 1,048 | € 952 | € 814 | € 906 |
Gross carrying amount [member] | ||||
Document Information [Line Items] | ||||
Device inventories | 629 | 593 | 485 | |
Other products/services sold | 125 | 77 | 75 | |
Available broadcasting rights | 102 | 102 | 93 | |
Other supplies | 258 | 242 | 223 | |
Inventories | 1,114 | 1,015 | 874 | |
Accumulated impairment [member] | ||||
Document Information [Line Items] | ||||
Inventories | € (67) | € (64) | € (60) |
Purchases and other expenses_11
Purchases and other expenses - Broadcasting rights and equipment inventories - Additional Information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Purchases and other expenses | |||
Inventories treated as consignment with distributors | € 42 | € 68 | € 40 |
Purchases and other expenses_12
Purchases and other expenses - Broadcasting rights and equipment inventories - Net book value reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Purchases and other expenses | |||
Inventories in the opening balance | € 952 | € 814 | € 906 |
Business related variations | 104 | 125 | (70) |
Changes in the scope of consolidation | 3 | 9 | |
Translation adjustment | (4) | 3 | (8) |
Reclassifications and other items | (6) | (1) | (14) |
Inventories in the closing balance | € 1,048 | € 952 | € 814 |
Purchases and other expenses_13
Purchases and other expenses - Prepaid expenses - Components (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Purchases and other expenses | ||||
Prepaid external purchases | € 780 | € 611 | € 651 | |
Other prepaid operating expenses | 72 | 240 | 199 | |
Total prepaid expenses | € 851 | € 851 | € 850 | € 730 |
Purchases and other expenses_14
Purchases and other expenses - Prepaid expenses - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Purchases and other expenses | |||
Prepaid expenses in the opening balance | € 851 | € 850 | € 730 |
Business related variations | 57 | 5 | 171 |
Changes in the scope of consolidation | 0 | ||
Translation adjustment | (49) | 10 | (12) |
Reclassifications and other items | (8) | (13) | (40) |
Prepaid expenses in the closing balance | € 851 | € 851 | € 850 |
Purchases and other expenses_15
Purchases and other expenses - Trade payables - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Purchases and other expenses | |||
Trade payables in the opening balance | € 6,738 | € 6,475 | € 6,682 |
Business related variations | 297 | 41 | (122) |
Changes in the scope of consolidation | 9 | 125 | 1 |
Translation adjustment | (71) | 47 | (80) |
Reclassifications and other items | 95 | 49 | (6) |
Trade payables in the closing balance | € 7,067 | € 6,738 | € 6,475 |
Purchases and other expenses_16
Purchases and other expenses - Trade payables - Subsidiaries (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of subsidiaries [line items] | ||||
Trade payables | € 7,067 | € 6,738 | € 6,475 | € 6,682 |
Telecoms activities [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Trade payables | 6,951 | 6,652 | 6,395 | |
Orange Bank [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Trade payables | € 116 | € 86 | € 80 |
Purchases and other expenses_17
Purchases and other expenses - Trade payables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Changes in the scope of consolidation | € 9 | € 125 | € 1 |
Extension period of payment | 6 months | ||
Impact on the change in working capital requirement | € 377 | € 460 | € 435 |
Telekom Romania Communications [member] | |||
Disclosure of subsidiaries [line items] | |||
Changes in the scope of consolidation | € 108 |
Purchases and other expenses_18
Purchases and other expenses - Other liabilities - Components (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Purchases and other expenses | ||||
Provision for litigation | € 387 | € 405 | € 525 | € 643 |
Cable network access fees (IRU) | 25 | 38 | 59 | |
Submarine cable consortium | 230 | 191 | 258 | |
Security deposit received | 111 | 128 | 134 | |
Orange Money - units in circulation | 1,244 | 1,030 | 823 | |
Other | 804 | 852 | 775 | |
Total | € 2,802 | € 2,644 | € 2,574 | € 2,448 |
Purchases and other expenses_19
Purchases and other expenses - Other liabilities - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Purchases and other expenses | ||||
Total | € 2,802 | € 2,644 | € 2,574 | € 2,448 |
o/w other non-current liabilities | 276 | 306 | 307 | |
o/w other current liabilities | € 2,526 | € 2,338 | € 2,267 |
Purchases and other expenses_20
Purchases and other expenses - Other liabilities - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Purchases and other expenses | |||
Other liabilities in the opening balance | € 2,644 | € 2,574 | € 2,448 |
Business related variations | 129 | 54 | 176 |
Changes in the scope of consolidation | 6 | 9 | |
Translation adjustment | 29 | (35) | |
Reclassifications and other items | 23 | (22) | (15) |
Other liabilities in the closing balance | € 2,802 | € 2,644 | € 2,574 |
Employee benefits - Labor expen
Employee benefits - Labor expenses - Components - Tabular disclosure (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) employee | Dec. 31, 2021 EUR (€) employee | Dec. 31, 2020 EUR (€) employee | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Average number of employees (full-time equivalents) | employee | 130,307 | 132,002 | 133,787 |
Wages and employee benefit expenses | € (8,754) | € (9,587) | € (8,331) |
o/w wages and salaries | (6,328) | (6,232) | (6,224) |
o/w social security charges | (2,132) | (2,148) | (2,118) |
o/w French part-time for senior plans | (313) | (1,209) | 23 |
o/w capitalized costs | 818 | 849 | 866 |
Other | (799) | (847) | (879) |
Employee profit sharing | 149 | 145 | 142 |
Share-based compensation | (16) | (185) | (18) |
Total labor expenses | (8,920) | (9,917) | (8,490) |
Net interest on the net defined liability in finance costs | (13) | (10) | (12) |
Actuarial gains and losses on post-employment benefits, gross amount | 176 | 59 | (13) |
Social contributions not presented in equity | (1) | (13) | 5 |
Employee shareholding plan Together 2021 | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Share-based compensation | (172) | ||
Free share award plans | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Share-based compensation | € (16) | € (13) | € (18) |
Employee benefits - Labor exp_2
Employee benefits - Labor expenses - Components - French civil servants (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Employee benefits | |||
Percentage of civil servant employees (as a percent) | 28% | 31% | 34% |
Employee benefits - Employee be
Employee benefits - Employee benefits - Components - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Employee benefits | |||
Post-employment benefits | € 739 | € 881 | € 930 |
Other long-term benefits | 2,358 | 2,318 | 1,407 |
Provision for employment termination benefits | 1 | 2 | 1 |
Other employee-related payables and payroll taxes due | 1,857 | 1,862 | 1,779 |
Provision for social risks and litigations | 29 | 50 | 58 |
Total employee benefits | € 4,985 | € 5,113 | € 4,176 |
Employee benefits - Employee _2
Employee benefits - Employee benefits - French part-time for seniors plans - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 17, 2021 | Dec. 31, 2020 |
Disclosure of geographical areas [line items] | ||||
Other long-term benefits | € 2,358 | € 2,318 | € 1,407 | |
French part-time for seniors plans | ||||
Disclosure of geographical areas [line items] | ||||
Other long-term benefits | € 1,753 | € 1,720 | € 1,225 | € 802 |
Employee benefits - Employee _3
Employee benefits - Employee benefits - Current and Non-current - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Employee benefits | |||||
Total employee benefits | € 4,985 | € 5,113 | € 4,176 | ||
o/w non-current employee benefits | 2,567 | 2,798 | 1,984 | € 2,353 | € 2,670 |
o/w current employee benefits | € 2,418 | € 2,316 | € 2,192 |
Employee benefits - Employee _4
Employee benefits - Employee benefits - Benefits to be paid by maturities (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Not later than one year [member] | |
Document Information [Line Items] | |
Post-employment benefits | € 73 |
Other long-term benefits | 508 |
Total employee benefits | 581 |
Later than one year and not later than two years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 56 |
Other long-term benefits | 571 |
Total employee benefits | 627 |
Later than two years and not later than three years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 49 |
Other long-term benefits | 482 |
Total employee benefits | 532 |
Later than three years and not later than four years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 63 |
Other long-term benefits | 392 |
Total employee benefits | 455 |
Later than four years and not later than five years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 79 |
Other long-term benefits | 226 |
Total employee benefits | 305 |
Later than five years [member] | |
Document Information [Line Items] | |
Post-employment benefits | 2,586 |
Other long-term benefits | 45 |
Total employee benefits | 2,631 |
French part-time for seniors plans | Not later than one year [member] | |
Document Information [Line Items] | |
Other long-term benefits | 434 |
French part-time for seniors plans | Later than one year and not later than two years [member] | |
Document Information [Line Items] | |
Other long-term benefits | 487 |
French part-time for seniors plans | Later than two years and not later than three years [member] | |
Document Information [Line Items] | |
Other long-term benefits | 427 |
French part-time for seniors plans | Later than three years and not later than four years [member] | |
Document Information [Line Items] | |
Other long-term benefits | 337 |
French part-time for seniors plans | Later than four years and not later than five years [member] | |
Document Information [Line Items] | |
Other long-term benefits | 197 |
French part-time for seniors plans | Later than five years [member] | |
Document Information [Line Items] | |
Other long-term benefits | € 24 |
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, 2022 EUR (€) employee | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 17, 2021 EUR (€) | |
Disclosure of defined benefit plans [line items] | ||||
Defined contribution plan expenses recognized | € (691) | € (727) | € (729) | |
Provisions for other long-term employee benefits | 2,358 | 2,318 | 1,407 | |
Annuity-based defined benefit plans, Equant plans, United Kingdom [member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Benefit obligation | 204 | |||
Annuity-based defined benefit plans, senior management staff, France [member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Benefit obligation | 190 | |||
Capital-based defined benefit plans, private-law contracts, France [member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Benefit obligation | € 553 | |||
Percentage committed (as a percent) | 78% | |||
Capital-based defined benefit plans, civil servants, France [member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Benefit obligation | € 16 | |||
Percentage committed (as a percent) | 2% | |||
French part-time for seniors plans | ||||
Disclosure of defined benefit plans [line items] | ||||
Provisions for other long-term employee benefits | € 1,753 | € 1,720 | € 802 | € 1,225 |
Estimated number of employees would participate | employee | 10,400 | |||
French part-time for seniors plans | Bottom of range [member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Period of time of employment service | 15 years | |||
Percentage employees have opportunity to work whilst receiving (as a percent) | 50% | |||
Percentage of base salary of full-time employment (as a percent) | 65% | |||
Plan term | 18 months | |||
Percentage of base compensation available to be invested in time saving account (as a percent) | 5% | |||
French part-time for seniors plans | 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% | |||
French part-time for seniors plans | Top of range [member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Percentage employees have opportunity to work whilst receiving (as a percent) | 60% | |||
Percentage of base salary of full-time employment (as a percent) | 80% | |||
Plan term | 5 years | |||
Percentage of base compensation available to be invested in time saving account (as a percent) | 15% |
Employee benefits - Actuarial a
Employee benefits - Actuarial assumptions - General information (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Percentage of discount rate used for euro zone | 91% |
French part-time for seniors plans | |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Average sign-up rate (as a percent) | 70% |
Employee benefits - Actuarial_2
Employee benefits - Actuarial assumptions - Discount rates (Details) | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Bottom of range [member] | Later than ten years [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Discount rates (as a percent) | 3.75% | 0.80% | 0.55% |
Bottom of range [member] | Not Later Than Ten Years [Member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Discount rates (as a percent) | 3.20% | ||
Discount rates, negative values (as a percent) | (0.15%) | (0.35%) | |
Top of range [member] | Later than ten years [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Discount rates (as a percent) | 3.85% | 1.05% | 0.90% |
Top of range [member] | Not Later Than Ten Years [Member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Discount rates (as a percent) | 3.75% | 0.40% | 0.70% |
Employee benefits - Actuarial_3
Employee benefits - Actuarial assumptions - Additional information (Details) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
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) | 3.05% | ||
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% | ||
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% | ||
French part-time for seniors plans | Bottom of range [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Percentage rate used to value the obligation (as a percent) | (0.15%) | ||
French part-time for seniors plans | Top of range [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 2018 [Member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Percentage rate used to value the obligation (as a percent) | 3.40% | ||
French part-time for seniors plans 2021 [Member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |||
Percentage rate used to value the obligation (as a percent) | 3.55% |
Employee benefits - Actuarial_4
Employee benefits - Actuarial assumptions - Impacts on pension benefit obligations (Details) - Actuarial assumption of discount rates [member] € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Rate increase (as a percent) | 1% |
Rate decrease (as a percent) | 1% |
Increase (decrease) in benefit obligation, increase in assumption | € (128) |
Increase (decrease) in benefit obligation, decrease in assumption | € 145 |
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, 2022 EUR (€) |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Increase (decrease) in benefit obligation, increase in assumption | € (128) |
Increase (decrease) in benefit obligation, decrease in assumption | 145 |
French part-time for seniors plans | |
Disclosure of sensitivity analysis for actuarial assumptions [abstract] | |
Increase (decrease) in benefit obligation, increase in assumption | 31 |
Increase (decrease) in benefit obligation, decrease in assumption | € 32 |
Employee benefits - Net defined
Employee benefits - Net defined benefit obligations - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 17, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | € 3,199 | € 2,337 | ||
Total-closing balance | 3,097 | 3,199 | € 2,337 | |
Increase in discount rates in 2022 | FRANCE | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Actuarial losses/(gains) arising from changes of assumptions | (352) | |||
Increase in discount rates in 2022 | UNITED KINGDOM | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Actuarial losses/(gains) arising from changes of assumptions | (130) | |||
Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 3,740 | 2,812 | ||
Service cost | 131 | 1,379 | 150 | |
Net interest on the defined benefit liability | 19 | 15 | 17 | |
Actuarial losses/(gains) arising from changes of assumptions | (490) | (5) | 102 | |
(Gains)/Losses arising from experience | 459 | (47) | (121) | |
Benefits paid | (374) | (439) | (555) | |
Translation adjustment and other | (14) | 25 | (11) | |
Total-closing balance | 3,471 | 3,740 | 2,812 | |
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 | (495) | (76) | € 63 | |
Annuity-based defined benefit plans [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 10 | |||
Total-closing balance | 28 | 10 | ||
Annuity-based defined benefit plans [member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 550 | |||
Net interest on the defined benefit liability | 6 | |||
Actuarial losses/(gains) arising from changes of assumptions | (144) | |||
(Gains)/Losses arising from experience | 20 | |||
Benefits paid | (20) | |||
Translation adjustment and other | (13) | |||
Total-closing balance | 401 | 550 | ||
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 | (132) | |||
Capital Based Defined Benefit Plans [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 855 | |||
Total-closing balance | 709 | 855 | ||
Capital Based Defined Benefit Plans [Member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 856 | |||
Service cost | 67 | |||
Net interest on the defined benefit liability | 14 | |||
Actuarial losses/(gains) arising from changes of assumptions | (230) | |||
(Gains)/Losses arising from experience | 31 | |||
Benefits paid | (30) | |||
Translation adjustment and other | 2 | |||
Total-closing balance | 710 | 856 | ||
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 | (234) | |||
Other Post-Employment Benefits [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 16 | |||
Total-closing balance | 2 | 16 | ||
Other Post-Employment Benefits [Member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 16 | |||
Service cost | (6) | |||
Net interest on the defined benefit liability | 0 | |||
Actuarial losses/(gains) arising from changes of assumptions | (6) | |||
(Gains)/Losses arising from experience | (2) | |||
Benefits paid | (1) | |||
Translation adjustment and other | 0 | |||
Total-closing balance | 2 | 16 | ||
Other Post-Employment 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 | (4) | |||
French part-time for seniors plans | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 1,720 | |||
Service cost | € 1,225 | |||
Total-closing balance | 1,753 | 1,720 | ||
French part-time for seniors plans | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 1,720 | |||
Service cost | 10 | |||
Net interest on the defined benefit liability | (2) | |||
Actuarial losses/(gains) arising from changes of assumptions | (110) | |||
(Gains)/Losses arising from experience | 410 | |||
Benefits paid | (276) | |||
Translation adjustment and other | 0 | |||
Total-closing balance | 1,753 | 1,720 | ||
French part-time for seniors plans | 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 | (124) | |||
Other Long-Term Benefits [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 598 | |||
Total-closing balance | 605 | 598 | ||
Other Long-Term Benefits [Member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Total-opening balance | 598 | |||
Service cost | 61 | |||
Net interest on the defined benefit liability | 0 | |||
Actuarial losses/(gains) arising from changes of assumptions | (1) | |||
(Gains)/Losses arising from experience | (1) | |||
Benefits paid | (49) | |||
Translation adjustment and other | (3) | |||
Total-closing balance | 605 | € 598 | ||
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) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | € 3,097 | € 3,199 | € 2,337 | € 2,771 |
Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 3,471 | 3,740 | 2,812 | € 3,229 |
Present value of defined benefit obligation [member] | IFRS Funded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 419 | 571 | 549 | |
Present value of defined benefit obligation [member] | IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 3,052 | 3,169 | € 2,262 | |
Annuity-based defined benefit plans [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 28 | 10 | ||
Annuity-based defined benefit plans [member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 401 | 550 | ||
Annuity-based defined benefit plans [member] | Present value of defined benefit obligation [member] | IFRS Funded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 401 | |||
Capital Based Defined Benefit Plans [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 709 | 855 | ||
Capital Based Defined Benefit Plans [Member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 710 | 856 | ||
Capital Based Defined Benefit Plans [Member] | Present value of defined benefit obligation [member] | IFRS Funded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 18 | |||
Capital Based Defined Benefit Plans [Member] | Present value of defined benefit obligation [member] | IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 691 | |||
Other Post-Employment Benefits [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 2 | 16 | ||
Other Post-Employment Benefits [Member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 2 | 16 | ||
Other Post-Employment Benefits [Member] | Present value of defined benefit obligation [member] | IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 2 | |||
French part-time for seniors plans | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 1,753 | 1,720 | ||
French part-time for seniors plans | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 1,753 | 1,720 | ||
French part-time for seniors plans | Present value of defined benefit obligation [member] | IFRS Unfunded Plan [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 1,753 | |||
Other Long-Term Benefits [Member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 605 | 598 | ||
Other Long-Term Benefits [Member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Benefit obligations | 605 | € 598 | ||
Other Long-Term Benefits [Member] | Present value of defined benefit obligation [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) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 17, 2021 | |
Changes in net defined benefit liability (asset) [abstract] | ||||
Provisions for other long-term employee benefits | € 2,358 | € 2,318 | € 1,407 | |
Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Weighted average duration of the plans (in years) | 4 years | 6 years | 8 years | |
Annuity-based defined benefit plans [member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Weighted average duration of the plans (in years) | 8 years | |||
Capital Based Defined Benefit Plans [Member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Weighted average duration of the plans (in years) | 11 years | |||
Other Post-Employment Benefits [Member] | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Weighted average duration of the plans (in years) | 14 years | |||
French part-time for seniors plans | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Provisions for other long-term employee benefits | € 1,753 | € 1,720 | € 802 | € 1,225 |
French part-time for seniors plans | Present value of defined benefit obligation [member] | ||||
Changes in net defined benefit liability (asset) [abstract] | ||||
Weighted average duration of the plans (in years) | 2 years | |||
Other Long-Term Benefits [Member] | Present value of defined benefit obligation [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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | € 3,199 | € 2,337 | |
Employer contributions | 11 | 20 | € 18 |
Total-closing balance | 3,097 | 3,199 | 2,337 |
Plan assets [member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | (541) | (474) | (458) |
Net interest on the net defined liability | 7 | 4 | 6 |
Actuarial losses/(gains) arising from experience | (154) | 40 | 25 |
Employer contributions | 11 | 20 | 18 |
Benefits paid | (18) | (20) | (18) |
Translation adjustment and other | (13) | 23 | (16) |
Total-closing balance | (373) | (541) | € (474) |
Annuity-based defined benefit plans [member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 10 | ||
Employer contributions | 11 | ||
Total-closing balance | 28 | 10 | |
Annuity-based defined benefit plans [member] | Plan assets [member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | (540) | ||
Net interest on the net defined liability | 7 | ||
Actuarial losses/(gains) arising from experience | (154) | ||
Employer contributions | 11 | ||
Benefits paid | (18) | ||
Translation adjustment and other | (13) | ||
Total-closing balance | (373) | (540) | |
Capital Based Defined Benefit Plans [Member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 855 | ||
Total-closing balance | 709 | 855 | |
Capital Based Defined Benefit Plans [Member] | Plan assets [member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | (1) | ||
Actuarial losses/(gains) arising from experience | 0 | ||
Total-closing balance | (1) | (1) | |
Other Post-Employment Benefits [Member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 16 | ||
Total-closing balance | 2 | 16 | |
French part-time for seniors plans | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 1,720 | ||
Total-closing balance | 1,753 | 1,720 | |
Other Long-Term Benefits [Member] | |||
Disclosure of net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 598 | ||
Total-closing balance | € 605 | € 598 |
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, 2022 | |
Disclosure of fair value of plan assets [abstract] | |
Percentage where located (as a percent) | 12% |
UNITED KINGDOM | |
Disclosure of fair value of plan assets [abstract] | |
Percentage where located (as a percent) | 54% |
FRANCE | |
Disclosure of fair value of plan assets [abstract] | |
Percentage where located (as a percent) | 45% |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Bonds [member] | |||
Disclosure of fair value of plan assets [abstract] | |||
Percentage of assets funded (as a percent) | 49% | 39.30% | 43.40% |
Equity Securities [Member] | |||
Disclosure of fair value of plan assets [abstract] | |||
Percentage of assets funded (as a percent) | 27.20% | 29.20% | 31.20% |
Cash assets [Member] | |||
Disclosure of fair value of plan assets [abstract] | |||
Percentage of assets funded (as a percent) | 3.80% | 6.70% | 2.50% |
Other funds [member] | |||
Disclosure of fair value of plan assets [abstract] | |||
Percentage of assets funded (as a percent) | 20% | 24.90% | 22.90% |
Employee benefits - Defined ben
Employee benefits - Defined benefit plans - Reconciliation - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | € 3,199 | € 2,337 | |
Net period expense | 443 | 1,356 | € 105 |
Employer contributions | (11) | (20) | (18) |
Benefits directly paid by the employer | (355) | (419) | (538) |
Actuarial losses/(gains) arising from changes of assumptions | (176) | (59) | 13 |
Translation adjustment and other | (2) | 3 | 4 |
Total-closing balance | 3,097 | 3,199 | € 2,337 |
Annuity-based defined benefit plans [member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 10 | ||
Employer contributions | (11) | ||
Benefits directly paid by the employer | (1) | ||
Actuarial losses/(gains) arising from changes of assumptions | 31 | ||
Total-closing balance | 28 | 10 | |
Capital Based Defined Benefit Plans [Member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 855 | ||
Net period expense | 81 | ||
Benefits directly paid by the employer | (30) | ||
Actuarial losses/(gains) arising from changes of assumptions | (199) | ||
Translation adjustment and other | 2 | ||
Total-closing balance | 709 | 855 | |
Other Post-Employment Benefits [Member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 16 | ||
Net period expense | (6) | ||
Benefits directly paid by the employer | (1) | ||
Actuarial losses/(gains) arising from changes of assumptions | (8) | ||
Total-closing balance | 2 | 16 | |
French part-time for seniors plans | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 1,720 | ||
Net period expense | 308 | ||
Benefits directly paid by the employer | (276) | ||
Total-closing balance | 1,753 | 1,720 | |
Other Long-Term Benefits [Member] | |||
Changes in net defined benefit liability (asset) [abstract] | |||
Total-opening balance | 598 | ||
Net period expense | 59 | ||
Benefits directly paid by the employer | (49) | ||
Translation adjustment and other | (3) | ||
Total-closing balance | € 605 | € 598 |
Employee benefits - Defined b_2
Employee benefits - Defined benefit plans - Current and non-current - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Total provisions for post-employment benefits and provisions for other long-term employee benefits | € 3,097 | € 3,199 | € 2,337 | € 2,771 |
o/w non-current | 2,605 | 2,799 | 1,955 | |
o/w current | 492 | 400 | € 382 | |
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 | 28 | 10 | ||
o/w non-current | 26 | |||
o/w current | 2 | |||
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 | 709 | 855 | ||
o/w non-current | 658 | |||
o/w current | 52 | |||
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 | 2 | 16 | ||
o/w non-current | 2 | |||
French part-time for seniors plans | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Total provisions for post-employment benefits and provisions for other long-term employee benefits | 1,753 | 1,720 | ||
o/w non-current | 1,319 | |||
o/w current | 434 | |||
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 | € 598 | ||
o/w non-current | 600 | |||
o/w current | € 5 |
Employee benefits - Defined b_3
Employee benefits - Defined benefit plans - Net expense components (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | € 131 | € 1,379 | € 151 |
Net interest on the net defined liability in finance costs | (12) | (10) | (11) |
Actuarial gains/(losses) | (299) | 33 | 57 |
Net expense | (443) | € (1,356) | € (105) |
Capital Based Defined Benefit Plans [Member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | 67 | ||
Net interest on the net defined liability in finance costs | (14) | ||
Net expense | (81) | ||
Other Post-Employment Benefits [Member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | (6) | ||
Net expense | 6 | ||
French part-time for seniors plans | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | 10 | ||
Net interest on the net defined liability in finance costs | 2 | ||
Actuarial gains/(losses) | (301) | ||
Net expense | (308) | ||
Other Long-Term Benefits [Member] | |||
Disclosure of net defined benefit liability (asset) [line items] | |||
Service cost | 61 | ||
Actuarial gains/(losses) | 2 | ||
Net expense | € (59) |
Employee benefits - Defined b_4
Employee benefits - Defined benefit plans - Net expense location (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 17, 2021 | |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net expense | € (443) | € (1,356) | € (105) | |
o/w expenses in operating income | (430) | (1,346) | (94) | |
o/w net interest on the net defined liability in finance cost | (12) | (10) | (11) | |
Provisions for other long-term employee benefits | 2,358 | 2,318 | 1,407 | |
Capital Based Defined Benefit Plans [Member] | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net expense | (81) | |||
o/w expenses in operating income | (67) | |||
o/w net interest on the net defined liability in finance cost | (14) | |||
Other Post-Employment Benefits [Member] | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net expense | 6 | |||
o/w expenses in operating income | 6 | |||
French part-time for seniors plans | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net expense | (308) | |||
o/w expenses in operating income | (311) | |||
o/w net interest on the net defined liability in finance cost | 2 | |||
Provisions for other long-term employee benefits | 1,753 | € 1,720 | € 802 | € 1,225 |
Other Long-Term Benefits [Member] | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net expense | (59) | |||
o/w expenses in operating income | € (59) |
Employee benefits - Share-based
Employee benefits - Share-based payment - General information (Details) € / shares in Units, € in Millions, shares in Millions | 12 Months Ended | ||||
Apr. 21, 2021 EUR (€) € / shares shares | Dec. 31, 2022 EUR (€) employee shares | Dec. 31, 2021 EUR (€) employee | Dec. 31, 2020 EUR (€) | Dec. 31, 2019 EUR (€) | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Estimated number of beneficiaries | employee | 1,200 | ||||
Long term incentive plan [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Period of approval of budget | 3 years | ||||
Long Term Incentive Plan LTIP 2022 2024 Member | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Free share units authorized (in shares) | shares | 1.8 | ||||
Estimated number of beneficiaries | employee | 1,300 | ||||
Organic cash-flow from telecom activities | 50% | ||||
Total Shareholder Return (TSR) | 30% | ||||
Corporate Social Responsability (CSR) | 20% | ||||
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 | ||||
Number of free share units delivered at delivery date | shares | 0.7 | ||||
Estimated number of beneficiaries | employee | 1,094 | ||||
Organic cash-flow from telecom activities | 50% | ||||
Total Shareholder Return (TSR) | 50% | ||||
Period of assessment of performance | 3 years | ||||
Charge of the plan (including social security contributions) | € 1 | € (6) | € (6) | € (3) | |
Charge of the plan recorded in equity | € 12 | ||||
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 | ||||
Estimated number of beneficiaries | employee | 1,300 | ||||
Organic cash-flow from telecom activities | 40% | ||||
Total Shareholder Return (TSR) | 40% | ||||
Corporate Social Responsability (CSR) | 20% | ||||
Free share award plans | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Charge of the plan (including social security contributions) | € (11) | (11) | (15) | ||
Charge of the plan recorded in equity | 10 | 10 | 13 | ||
Charge of the plan recorded in social debt | € 1 | 1 | € 2 | ||
Together 2021 Employee Shareholding Plan | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Maximum subscriptions, including matching contributions | € 260 | ||||
Share subscription price | € / shares | € 6.64 | ||||
Discount Rate, reference market price | 30% | ||||
Number of shares subscribed | shares | 12 | ||||
Number of free shares allocated | shares | 14 | ||||
Total shares subscribed including free shares | shares | 26 | ||||
Average Fair Value Of The Benefit Per Share | € / shares | € 6.47 | ||||
Expense including social security contributions | (172) | ||||
Expense recognized though equity | 169 | ||||
Expense recognized though employee benefits | € 3 | ||||
Long Term Incentive Plan LTIP 2021 2023 Member | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Free share units authorized (in shares) | shares | 1.8 | ||||
Estimated number of beneficiaries | employee | 1,300 | ||||
Organic cash-flow from telecom activities | 50% | ||||
Total Shareholder Return (TSR) | 30% | ||||
Corporate Social Responsability (CSR) | 20% |
Employee benefits - Share-bas_2
Employee benefits - Share-based payment - Tabular disclosure (Details) - EUR (€) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Long Term Incentive Plan LTIP 2022 2024 Member | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Price of underlying instrument at measurement date | € 10.16 | |||
Price of underlying instrument at closing date (in euros per share) | € 9.28 | |||
Expected dividends (as a percent) | 6.90% | |||
Risk free yield (as a percent) | (0.59%) | |||
Fair value per share of benefit granted to employees (in euros per share) | € 7.53 | |||
Fair value of internal performance condition | 8.30 | |||
Fair value of external performance condition | € 5.74 | |||
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 vesting date | € 9.41 | |||
Price of underlying instrument at delivery date | € 10.70 | |||
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 | |||
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) 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) | € 9.28 | |||
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 | |||
Long Term Incentive Plan LTIP 2021 2023 Member | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Price of underlying instrument at measurement date | € 9.63 | |||
Price of underlying instrument at closing date (in euros per share) | € 9.28 | |||
Expected dividends (as a percent) | 7.30% | |||
Risk free yield (as a percent) | (0.68%) | |||
Fair value per share of benefit granted to employees (in euros per share) | € 6.33 | |||
Fair value of internal performance condition | 7.74 | |||
Fair value of external performance condition | € 3.04 |
Employee benefits - Executive c
Employee benefits - Executive compensation - Components - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Employee benefits | |||
Short-term benefits excluding employer social security contributions | € (12) | € (14) | € (16) |
Short-term benefits employer's social security contributions | (4) | (5) | (5) |
Post-employment benefits | 0 | 0 | 0 |
Share-based compensation | € (1) | € (2) | (2) |
Termination benefits | € (2) |
Employee benefits - Executive_2
Employee benefits - Executive compensation - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of defined benefit plans [line items] | |||
Key management personnel compensation, contractual retirement bonuses and defined-benefit supplementary pension plan | € 2 | € 4 | € 4 |
Maximum number of months for contractual termination settlement of executive committee members | 15 months | ||
Chief Executive Officer | |||
Disclosure of defined benefit plans [line items] | |||
Gross severance pay calculated based on number of months of fixed compensation and annual variable compensation paid | 12 months | ||
Annual variable compensation calculated based on average annual variable compensation paid for number of months prior to departure from the Company | 24 months | ||
Term of performance conditions for annual variable compensation for severance pay | 2 years | ||
Percentage of performance conditions for annual variable compensation for severance pay | 90% | ||
Maximum number of months of fixed compensation and annual variable compensation payable as severance pay and non-compete compensation | 24 months |
Impairment losses and goodwil_2
Impairment losses and goodwill - Impairment - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of goodwill | € (817) | € (3,702) | |
Romania | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of goodwill | € (789) | ||
Percentage of net carrying value of the assets of the CGU reduced to the value in use of current and long-term assets | 100% | ||
Net carrying value of the assets of the CGU reduced to the value in use of current and long-term assets | € 1,700 | ||
Mobile Financial Services | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of goodwill | (28) | ||
Impairment charges | 49 | ||
Net carrying value of the assets of the CGU reduced to the value in use of current and long-term assets | € 400 | ||
Spain, operating segment [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of goodwill | € (3,702) | ||
Net carrying value of the assets of the CGU reduced to the value in use of current and long-term assets | € 7,700 |
Impairment losses and goodwil_3
Impairment losses and goodwill - Impairment - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2021 | |
Impairment losses and goodwill | ||||
Impairment of goodwill | € (817) | € (3,702) | ||
Impairment of fixed assets | (23) | (5) | € (6) | |
Romania | ||||
Impairment losses and goodwill | ||||
Net carrying value of the assets of the CGU reduced to the value in use of current and long-term assets | 1,700 | |||
Impairment of goodwill | € (789) | |||
Percentage of net carrying value of the assets of the CGU reduced to the value in use of current and long-term assets | 100% | |||
Spain, operating segment [member] | ||||
Impairment losses and goodwill | ||||
Net carrying value of the assets of the CGU reduced to the value in use of current and long-term assets | € 7,700 | |||
Impairment of goodwill | € (3,702) | |||
Mobile Financial Services [Member] | ||||
Impairment losses and goodwill | ||||
Net carrying value of the assets of the CGU reduced to the value in use of current and long-term assets | € 400 | |||
Impairment of goodwill | (28) | |||
Impairment charges | (49) | |||
Impairment of fixed assets | € (21) |
Impairment losses and goodwil_4
Impairment losses and goodwill - Goodwill - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | € 23,113 | € 24,192 | € 27,596 | |
Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 33,140 | 33,626 | 33,273 | € 33,579 |
Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (10,028) | (9,435) | (5,678) | € (5,935) |
France (excluding Enterprise), operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 13,176 | 14,364 | 14,364 | |
France (excluding Enterprise), operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 13,189 | |||
France (excluding Enterprise), 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 | 4,586 | 6,079 | 9,512 | |
Europe (excluding France), operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 12,962 | |||
Europe (excluding France), operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (8,377) | |||
Spain, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,734 | 3,170 | 6,872 | |
Spain, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 6,550 | |||
Spain, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (3,816) | |||
Poland, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 135 | 135 | 136 | |
Poland, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,605 | |||
Poland, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (2,470) | |||
Slovakia | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 806 | 806 | 806 | |
Slovakia | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 806 | |||
Romania | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 447 | 1,504 | 1,236 | |
Romania | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,806 | |||
Romania | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (1,359) | |||
Belgium [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 336 | 336 | 336 | |
Belgium [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,049 | |||
Belgium [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (713) | |||
Moldova [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 78 | 80 | 76 | |
Moldova [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 78 | |||
Luxembourg [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 50 | 50 | 50 | |
Luxembourg [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 68 | |||
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 | 1,420 | 1,465 | 1,443 | |
Africa and Middle-East, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,379 | |||
Africa and Middle-East, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (958) | |||
Burkina Faso [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 428 | 428 | 428 | |
Burkina Faso [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 428 | |||
Cote d'Ivoire [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 375 | 375 | 375 | |
Cote d'Ivoire [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 417 | |||
Cote d'Ivoire [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (42) | |||
Morocco [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 249 | 265 | 253 | |
Morocco [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 249 | |||
Jordan [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 118 | 111 | 103 | |
Jordan [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 293 | |||
Jordan [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (175) | |||
Sierra Leone [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 73 | 114 | 118 | |
Sierra Leone [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 73 | |||
Cameroon [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 44 | 44 | 44 | |
Cameroon [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 134 | |||
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 | 133 | 128 | 122 | |
Other African and Middle-East countries [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 784 | |||
Other African and Middle-East countries [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (651) | |||
Enterprise, operating segment [member] | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,289 | 2,237 | 2,225 | |
Enterprise, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 2,941 | |||
Enterprise, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | (651) | |||
Totem | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,624 | |||
Totem | Operating segments [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,624 | |||
Totem | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 1,624 | |||
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 | € 28 | € 35 | ||
Mobile Financial Services, operating segment [member] | Operating segments [member] | Gross carrying amount [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | 28 | |||
Mobile Financial Services, operating segment [member] | Operating segments [member] | Accumulated impairment [member] | ||||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Goodwill | € (28) |
Impairment losses and goodwil_5
Impairment losses and goodwill - Goodwill - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in goodwill [abstract] | |||
Opening balance | € 24,192 | € 27,596 | |
Impairment of goodwill | (817) | (3,702) | |
Closing balance | 23,113 | 24,192 | € 27,596 |
Gross carrying amount [member] | |||
Changes in goodwill [abstract] | |||
Opening balance | 33,626 | 33,273 | |
Acquisitions | (206) | 266 | 26 |
Disposals | (4) | ||
Translation adjustment | (280) | 91 | (331) |
Closing balance | 33,140 | 33,626 | 33,273 |
Accumulated impairment [member] | |||
Changes in goodwill [abstract] | |||
Opening balance | (9,435) | (5,678) | |
Impairment of goodwill | (817) | (3,702) | |
Translation adjustment | 225 | (55) | 257 |
Closing balance | € (10,028) | € (9,435) | € (5,678) |
Impairment losses and goodwil_6
Impairment losses and goodwill - Goodwill - Net book value (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2020 | |
Disclosure of reconciliation of changes in goodwill [line items] | |||
Net book value | € 24,192 | € 23,113 | € 27,596 |
Telekom Romania Communications [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Goodwill | (272) | ||
Additional recognition, goodwill | € 272 |
Impairment losses and goodwil_7
Impairment losses and goodwill - Key assumptions used to determine recoverable amounts - Tabular disclosure (Details) | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Orange brand [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 1.40% | 1.30% | 1.20% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 8.20% | 7.70% | 6.90% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 10.50% | 9.80% | 8.30% |
France (excluding 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) | 0.80% | 0.80% | 0.80% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 6.30% | 5.80% | 5.50% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 8.40% | 7.60% | 7.40% |
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) | 7.50% | 6.80% | 6.50% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 10% | 8.40% | 8.10% |
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) | 2% | 1.50% | 1.50% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 7.80% | 7.30% | 7.30% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 9.10% | 8.50% | 8.50% |
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) | 0.50% | 0.30% | 0.30% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 6.80% | 8.30% | 7.50% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 9.20% | 11.10% | 10.20% |
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) | 2.50% | 2.50% | 2.30% |
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 10.50% | 7% | 7.50% |
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 11.80% | 7.90% | 8.50% |
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) | 0.80% | ||
Post-tax value in use, internal plan, discounted cash flow (as a percent) | 7% | ||
Pre-tax value in use, internal plan, discounted cash flow (as a percent) | 8.80% | ||
Morocco [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% | ||
Mobile Financial Services, operating segment [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Cost of equity | 12.30% | ||
Perpetuity growth rate, value in use, internal plan, discounted cash flow (as a percent) | 2% |
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, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Applicable tax rate | 25.83% | ||
France tax group subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Applicable tax rate | 25.83% | 28.41% | 32.02% |
Impairment losses and goodwil_9
Impairment losses and goodwill - Key assumptions used to determine recoverable amounts - Additional information (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Impairment losses and goodwill | |
Threshold percentage of aggregated share of groups listed subsidiaries on consolidated revenues (as a percent) | 20% |
Threshold percentage of aggregated share of groups listed subsidiaries on consolidated operating income (as a percent) | 20% |
Threshold percentage of aggregated share of groups listed subsidiaries on consolidated net income (as a percent) | 20% |
Impairment losses and goodwi_10
Impairment losses and goodwill - Accounting policies (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Impairment losses and goodwill | |
Percentage of recognition of goodwill relating to certain non-controlling interests (as a percent) | 100% |
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) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
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% | ||
Percentage of recognition of goodwill relating to certain non-controlling interests (as a percent) | 100% | ||
Impairment of goodwill | € (817) | € (3,702) | |
Impairment of fixed assets | € (23) | € (5) | € (6) |
France (excluding 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 | 0.0139 | 0.0234 | 0.0141 |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.0120) | (0.0217) | (0.0124) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (26.00%) | (39.00%) | (28.00%) |
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 | 0.0044 | 0.0019 | 0.0001 |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.0047) | (0.0021) | (0.0001) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (8.00%) | (4.00%) | |
Impairment of goodwill | € (3,702) | ||
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 | 0.0249 | 0.0269 | 0.0189 |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.0272) | (0.0221) | (0.0151) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (32.00%) | (30.00%) | (23.00%) |
Belgium | |||
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 | 0.0097 | ||
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.0097) | ||
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (15.00%) | ||
Romania | |||
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 | 0.0044 | 0.0049 | |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.0045) | (0.0049) | |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (10.00%) | (9.00%) | |
Reasonably possible increase in discount rate in order for unit's recoverable amount to be equal to net carrying value | 1% | ||
Reasonably possible decrease in perpetual growth rate in order for unit's recoverable amount to be equal to net carrying value | 1% | ||
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% | ||
Goodwill, cash generating unit, sensitivity analysis, impairment risk of impairment percentage | 30% | ||
Impairment of goodwill | € (789) | ||
Sierra Leone | |||
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 | 0.0050 | ||
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.0072) | ||
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (6.00%) | ||
Reasonably possible increase in discount rate in order for unit's recoverable amount to be equal to net carrying value | 1% | ||
Reasonably possible decrease in perpetual growth rate in order for unit's recoverable amount to be equal to net carrying value | 1% | ||
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% | ||
Goodwill, cash generating unit, sensitivity analysis, impairment risk of impairment percentage | 8% | ||
Morocco | |||
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 | 0.0354 | ||
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.0433) | ||
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (53.00%) | ||
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 | 0.0100 | 0.1125 | 0.1067 |
Increase (decrease) in recoverable amount due to reasonably possible decrease in perpetual growth rate, percentage | (0.0115) | (0.1026) | (0.1691) |
Increase (decrease) in recoverable amount due to reasonably possible decrease in discounted cash flows of terminal value, percentage | (19.00%) | (83.00%) | (82.00%) |
Mobile Financial Services | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of goodwill | € (28) | ||
Impairment of fixed assets | € (21) | ||
Top of range [member] | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Percentage of other entities share of aggregated recoverable amount of consolidated entities | 3% |
Fixed assets - Gains (losses) o
Fixed assets - Gains (losses) on disposal of fixed assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fixed assets | |||
Transfer price | € 347 | € 163 | € 444 |
Net book value of assets sold | (187) | (111) | (223) |
Proceeds from the disposal of fixed assets | € 159 | € 52 | € 221 |
Fixed assets - Gains (losses)_2
Fixed assets - Gains (losses) on disposal of fixed assets - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gains on disposal of fixed assets related to the sale and leaseback transactions | € 159 | € 52 | € 221 |
France and Spain [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gains on disposal of fixed assets related to the sale and leaseback transactions | € 143 | ||
FRANCE | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gains on disposal of fixed assets related to the sale and leaseback transactions | € 10 | ||
POLAND | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gains on disposal of fixed assets related to the sale and leaseback transactions | € 14 |
Fixed assets - Depreciation and
Fixed assets - Depreciation and amortization - Total - Graphic (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total depreciation and amortization expense | € (7,035) | € (7,074) | € (7,134) |
Depreciation and amortization | (2,418) | (2,363) | (2,309) |
Depreciation and amortization, property, plant and equipment | (4,725) | (4,796) | (4,880) |
Fixed assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Total depreciation and amortization expense | (7,035) | (7,074) | (7,134) |
Depreciation and amortization | (2,418) | (2,363) | (2,309) |
Depreciation and amortization, property, plant and equipment | € (4,618) | € (4,712) | € (4,825) |
Fixed assets - Depreciation a_2
Fixed assets - Depreciation and amortization - Intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | € (2,418) | € (2,363) | € (2,309) |
Computer software [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | (1,532) | (1,481) | (1,468) |
Licences and franchises [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | (649) | (633) | (567) |
Customer-related intangible assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | (128) | (131) | (150) |
Other brands [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | (9) | (9) | (9) |
Other intangible assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Depreciation and amortization | € (100) | € (109) | € (115) |
Fixed assets - Depreciation a_3
Fixed assets - Depreciation and amortization - Property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | € (4,725) | € (4,796) | € (4,880) |
Networks and devices [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | (3,975) | (4,060) | (4,170) |
Technology Equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | (276) | (294) | (297) |
Buildings [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | (258) | (240) | (239) |
Other property, plant and equipment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization, property, plant and equipment | € (110) | € (118) | € (119) |
Fixed assets - Depreciation a_4
Fixed assets - Depreciation and amortization - Depreciation period - Intangible assets (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Bottom of range [member] | Customer-related intangible assets [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 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 |
Bottom of range [member] | Buildings | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years |
Bottom of range [member] | Transmission and other network equipment | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 5 years |
Bottom of range [member] | Copper cables, optical fiber and civil works | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years |
Bottom of range [member] | Computer hardware | |
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 |
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] | 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 |
Top of range [member] | Computer software [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 5 years |
Top of range [member] | Capitalised development expenditure [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 5 years |
Top of range [member] | Buildings | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 30 years |
Top of range [member] | Transmission and other network equipment | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 10 years |
Top of range [member] | Copper cables, optical fiber and civil works | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 30 years |
Top of range [member] | Computer hardware | |
Disclosure of detailed information about intangible assets [line items] | |
Intangible assets, useful lives | 5 years |
Fixed assets - Impairment (Deta
Fixed assets - Impairment (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | € (56) | € (17) | € (30) |
Mobile Financial Services | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | (21) | ||
Enterprise | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | (20) | ||
France (excluding Enterprise), 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) | (1) | (15) |
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 | (2) | (7) | |
Poland | |||
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items] | |||
Impairment of fixed assets | (2) | (11) | (7) |
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 | € 1 | € (2) | € (1) |
Fixed assets - Other assumption
Fixed assets - Other assumptions that affect the assessment of the recoverable amount (Details) - Orange brand [member] | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about intangible assets [line items] | |||
Perpetuity growth rate | 1.40% | 1.30% | 1.20% |
Post-tax discount rate | 8.20% | 7.70% | 6.90% |
Pre-tax discount rate | 10.50% | 9.80% | 8.30% |
Fixed assets - Other intangible
Fixed assets - Other intangible assets - Net book value - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | € 14,946 | € 14,940 | € 15,135 | € 14,737 |
Licences and franchises [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 6,869 | 6,691 | 6,322 | |
Computer software [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 4,280 | 4,331 | 4,288 | |
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 | 60 | 69 | 78 | |
Customer-related intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 246 | 346 | 469 | |
Other intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 358 | € 370 | € 844 | |
Gross carrying amount [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 38,686 | |||
Gross carrying amount [member] | Licences and franchises [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 12,688 | |||
Gross carrying amount [member] | Computer software [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 14,235 | |||
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 | 1,085 | |||
Gross carrying amount [member] | Customer-related intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 5,270 | |||
Gross carrying amount [member] | Other intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 2,276 | |||
Accumulated depreciation and amortisation [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (22,519) | |||
Accumulated depreciation and amortisation [member] | Licences and franchises [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (5,773) | |||
Accumulated depreciation and amortisation [member] | Computer software [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (9,887) | |||
Accumulated depreciation and amortisation [member] | Other brands [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (136) | |||
Accumulated depreciation and amortisation [member] | Customer-related intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (5,009) | |||
Accumulated depreciation and amortisation [member] | Other intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (1,715) | |||
Accumulated impairment [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (1,221) | |||
Accumulated impairment [member] | Licences and franchises [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 | (69) | |||
Accumulated impairment [member] | Other brands [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (889) | |||
Accumulated impairment [member] | Customer-related intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | (15) | |||
Accumulated impairment [member] | Other intangible assets [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | € (203) |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fixed assets | |||
Net book value of other intangible assets in the opening balance | € 14,940 | € 15,135 | |
Acquisitions of other intangible assets | 2,678 | 2,842 | € 2,935 |
Impact of changes in the scope of consolidation | 35 | (888) | 31 |
Disposals | (5) | (4) | (4) |
Depreciation and amortization | (2,418) | (2,363) | (2,309) |
Impairment | (33) | (40) | (24) |
Translation adjustment | (245) | 92 | (176) |
Reclassifications and other items | (7) | 165 | (55) |
Net book value of other intangible assets in the closing balance | € 14,946 | € 14,940 | € 15,135 |
Fixed assets - Other intangib_3
Fixed assets - Other intangible assets - Telecommunication licenses - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 2,678 | € 2,842 | € 2,935 |
Licences and franchises [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 1,060 | € 926 | € 969 |
Fixed assets - Other intangib_4
Fixed assets - Other intangible assets - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 2,678 | € 2,842 | € 2,935 |
Incentive bonus fees on penetration rates and business continuity payable by the public initiative networks to the local authorities | 195 | ||
Licences and franchises [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 1,060 | 926 | 969 |
FRANCE | 5G license | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 875 | ||
FRANCE | 2G licenses | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 207 | ||
FRANCE | 3G licenses | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 57 | ||
SLOVAKIA | 5G license | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 37 | ||
SPAIN | 5G license | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 611 | ||
ROMANIA | 5G license | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 319 | ||
BELGIUM | 5G license | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | 213 | ||
EGYPT | 5G license | |||
Disclosure of detailed information about intangible assets [line items] | |||
Acquisitions of other intangible assets | € 311 |
Fixed assets - Internal costs c
Fixed assets - Internal costs capitalized as intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fixed assets | |||
Labor expenses | € 418 | € 399 | € 405 |
Fixed assets - Information on t
Fixed assets - Information on telecommunications licenses - Licenses (Details) | Dec. 31, 2022 item |
FRANCE | 5G license | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
FRANCE | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 5 |
FRANCE | UMTS licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 3 |
FRANCE | GSM licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
SPAIN | 5G license | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 4 |
SPAIN | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 3 |
SPAIN | GSM licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
POLAND | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 6 |
POLAND | UMTS licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
EGYPT | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
EGYPT | UMTS licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
EGYPT | GSM licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
MOROCCO | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
MOROCCO | UMTS licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
ROMANIA | 5G license | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
ROMANIA | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
ROMANIA | UMTS licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
ROMANIA | GSM licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
JORDAN | 5G license | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
JORDAN | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
JORDAN | UMTS licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 3 |
JORDAN | GSM licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
BELGIUM | 5G license | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
BELGIUM | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 2 |
SLOVAKIA | 5G license | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 3 |
SLOVAKIA | LTE licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 3 |
SLOVAKIA | UMTS licences [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Number of licenses | 1 |
SLOVAKIA | GSM licences [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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | € 14,946 | € 14,940 | € 15,135 | € 14,737 |
Licences and franchises [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 6,869 | € 6,691 | € 6,322 | |
FRANCE | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 2,436 | |||
FRANCE | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,356 | |||
FRANCE | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 155 | |||
FRANCE | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 171 | |||
FRANCE | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 754 | |||
SPAIN | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,333 | |||
SPAIN | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 279 | |||
SPAIN | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 98 | |||
SPAIN | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 956 | |||
POLAND | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 492 | |||
POLAND | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 459 | |||
POLAND | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 33 | |||
EGYPT | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 523 | |||
EGYPT | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 429 | |||
EGYPT | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 27 | |||
EGYPT | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 67 | |||
MOROCCO | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 184 | |||
MOROCCO | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 40 | |||
MOROCCO | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 9 | |||
MOROCCO | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 135 | |||
ROMANIA | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 534 | |||
ROMANIA | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 77 | |||
ROMANIA | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 47 | |||
ROMANIA | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 91 | |||
ROMANIA | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 319 | |||
JORDAN | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 258 | |||
JORDAN | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 48 | |||
JORDAN | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 66 | |||
JORDAN | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 78 | |||
JORDAN | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 66 | |||
BELGIUM | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 304 | |||
BELGIUM | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 74 | |||
BELGIUM | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 230 | |||
SLOVAKIA | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 99 | |||
SLOVAKIA | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 31 | |||
SLOVAKIA | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 8 | |||
SLOVAKIA | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 9 | |||
SLOVAKIA | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 51 | |||
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 | 706 | |||
Gross carrying amount [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 38,686 | |||
Gross carrying amount [member] | Licences and franchises [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 12,688 | |||
Gross carrying amount [member] | FRANCE | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 3,613 | |||
Gross carrying amount [member] | FRANCE | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 2,187 | |||
Gross carrying amount [member] | FRANCE | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 342 | |||
Gross carrying amount [member] | FRANCE | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 208 | |||
Gross carrying amount [member] | FRANCE | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 876 | |||
Gross carrying amount [member] | SPAIN | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,871 | |||
Gross carrying amount [member] | SPAIN | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 545 | |||
Gross carrying amount [member] | SPAIN | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 285 | |||
Gross carrying amount [member] | SPAIN | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,041 | |||
Gross carrying amount [member] | POLAND | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,276 | |||
Gross carrying amount [member] | POLAND | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 1,200 | |||
Gross carrying amount [member] | POLAND | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 76 | |||
Gross carrying amount [member] | EGYPT | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 937 | |||
Gross carrying amount [member] | EGYPT | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 543 | |||
Gross carrying amount [member] | EGYPT | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 103 | |||
Gross carrying amount [member] | EGYPT | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 291 | |||
Gross carrying amount [member] | MOROCCO | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 812 | |||
Gross carrying amount [member] | MOROCCO | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 59 | |||
Gross carrying amount [member] | MOROCCO | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 28 | |||
Gross carrying amount [member] | MOROCCO | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 725 | |||
Gross carrying amount [member] | ROMANIA | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 895 | |||
Gross carrying amount [member] | ROMANIA | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 184 | |||
Gross carrying amount [member] | ROMANIA | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 100 | |||
Gross carrying amount [member] | ROMANIA | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 292 | |||
Gross carrying amount [member] | ROMANIA | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 319 | |||
Gross carrying amount [member] | JORDAN | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 514 | |||
Gross carrying amount [member] | JORDAN | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 94 | |||
Gross carrying amount [member] | JORDAN | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 151 | |||
Gross carrying amount [member] | JORDAN | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 203 | |||
Gross carrying amount [member] | JORDAN | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 66 | |||
Gross carrying amount [member] | BELGIUM | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 376 | |||
Gross carrying amount [member] | BELGIUM | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 140 | |||
Gross carrying amount [member] | BELGIUM | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 236 | |||
Gross carrying amount [member] | SLOVAKIA | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 242 | |||
Gross carrying amount [member] | SLOVAKIA | LTE licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 76 | |||
Gross carrying amount [member] | SLOVAKIA | UMTS licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 46 | |||
Gross carrying amount [member] | SLOVAKIA | GSM licences [member] | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 66 | |||
Gross carrying amount [member] | SLOVAKIA | 5G license | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Other intangible assets | 54 | |||
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 | € 2,152 |
Fixed assets - Information on_3
Fixed assets - Information on telecommunications licenses - Residual useful life (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
FRANCE | LTE licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 8 years 9 months 18 days | |
FRANCE | LTE licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 14 years 4 months 24 days | |
FRANCE | UMTS licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 7 years 4 months 24 days | |
FRANCE | UMTS licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 13 years 10 months 24 days | |
FRANCE | GSM licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 8 years 3 months 18 days | |
FRANCE | GSM licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 13 years 10 months 24 days | |
FRANCE | 5G license | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 12 years 9 months 18 days | |
FRANCE | 5G license | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 14 years 4 months 24 days | |
SPAIN | LTE licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 8 years | |
SPAIN | LTE licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 8 years 3 months 18 days | |
SPAIN | GSM licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 9 years | |
SPAIN | 5G license | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 8 years | |
SPAIN | 5G license | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 18 years 8 months 12 days | |
POLAND | LTE licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 4 years 8 months 12 days | |
POLAND | LTE licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 15 years | |
POLAND | UMTS licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 6 years 7 months 6 days | |
EGYPT | LTE licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 9 years | |
EGYPT | LTE licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 11 years | |
EGYPT | UMTS licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 9 years | |
EGYPT | GSM licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 9 years | |
MOROCCO | LTE licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 13 years | |
MOROCCO | UMTS licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 10 years | |
MOROCCO | GSM licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 10 years | |
ROMANIA | LTE licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 6 years 3 months 18 days | |
ROMANIA | UMTS licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 8 years | |
ROMANIA | GSM licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 6 years 3 months 18 days | |
ROMANIA | 5G license | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 25 years | |
JORDAN | LTE licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 17 years 4 months 24 days | |
JORDAN | LTE licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 4 years 4 months 24 days | |
JORDAN | UMTS licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 12 years 2 months 12 days | |
JORDAN | UMTS licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 20 years 3 months 18 days | |
JORDAN | GSM licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 16 years 3 months 18 days | |
JORDAN | 5G license | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 25 years | |
BELGIUM | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 17 years 3 months 18 days | |
BELGIUM | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 19 years 8 months 12 days | |
BELGIUM | LTE licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 10 years 10 months 24 days | |
SLOVAKIA | LTE licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 2 years 8 months 12 days | |
SLOVAKIA | LTE licences [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 6 years | |
SLOVAKIA | UMTS licences [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 3 years 8 months 12 days | |
SLOVAKIA | GSM licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 3 years | |
SLOVAKIA | 5G license | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 2 years 8 months 12 days | |
SLOVAKIA | 5G license | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible assets, useful lives | 20 years 3 months 18 days |
Fixed assets - Property, plant
Fixed assets - Property, plant and equipment - Net book value - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | € 31,640 | € 30,484 | € 29,075 | € 28,423 |
Gross carrying amount [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | 113,073 | |||
Accumulated depreciation and amortisation [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | (80,795) | |||
Accumulated impairment [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | (639) | |||
Networks and devices [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | 28,088 | 27,155 | 25,825 | |
Networks and devices [member] | Gross carrying amount [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | 99,243 | |||
Networks and devices [member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | (70,757) | |||
Networks and devices [member] | Accumulated impairment [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | (398) | |||
Land and buildings [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | 2,299 | 2,117 | 2,018 | |
Land and buildings [member] | Gross carrying amount [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | 8,156 | |||
Land and buildings [member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | (5,624) | |||
Land and buildings [member] | Accumulated impairment [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | (233) | |||
Technology Equipment [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | 793 | 784 | 801 | |
Technology Equipment [Member] | Gross carrying amount [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | 3,943 | |||
Technology Equipment [Member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | (3,149) | |||
Technology Equipment [Member] | Accumulated impairment [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | (1) | |||
Other property, plant and equipment [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | 460 | € 428 | € 431 | |
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 | 1,731 | |||
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 | (1,265) | |||
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | € 31,640 | € 30,484 | € 29,075 | € 28,423 |
Networks and devices [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment | € 28,088 | € 27,155 | € 25,825 | |
Fixed access networks [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment (as a percent) | 58% | 57% | 56% | |
Mobile access networks [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment (as a percent) | 24% | 25% | 25% | |
Core and transmission network [member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, plant and equipment (as a percent) | 12% | 13% | 14% | |
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% | 5% | 5% |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of changes in property, plant and equipment [abstract] | |||
Net book value of property, plant and equipment in the opening balance | € 30,484 | € 29,075 | € 28,423 |
Financed assets | 6,329 | 5,947 | 5,848 |
Impact of changes in the scope of consolidation | 262 | 130 | 0 |
Disposals and retirements | (181) | (102) | (154) |
Depreciation and amortization, property, plant and equipment | (4,725) | (4,796) | (4,880) |
Impairment of fixed assets | (23) | (5) | (6) |
Translation adjustment | (291) | 129 | (319) |
Reclassifications and other items | (216) | 105 | 164 |
Net book value of property, plant and equipment in the closing balance | 31,640 | 30,484 | 29,075 |
Finance leases [member] | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Financed assets | 229 | 40 | 241 |
Financed assets [member] | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Financed assets | 229 | ||
Depreciation and amortization, property, plant and equipment | (107) | (84) | (55) |
Fixed assets [member] | |||
Reconciliation of changes in property, plant and equipment [abstract] | |||
Depreciation and amortization, property, plant and equipment | € (4,618) | € (4,712) | € (4,825) |
Fixed assets - Property, plan_4
Fixed assets - Property, plant and equipment - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization of property, plant and equipment | € 4,725 | € 4,796 | € 4,880 |
FRANCE | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Depreciation and amortization of property, plant and equipment | 135 | ||
Telekom Romania Communications [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Purchase price allocation | € 261 |
Fixed assets - Internal costs_2
Fixed assets - Internal costs capitalized as property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fixed assets | |||
Labor expenses | € 400 | € 450 | € 462 |
Fixed assets - Fixed assets pay
Fixed assets - Fixed assets payables - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fixed assets | |||
Fixed assets payable in the opening balance | € 4,481 | € 4,640 | € 3,665 |
Business related variations | 124 | (206) | 1,002 |
Changes in the scope of consolidation | (199) | ||
Translation adjustment | (54) | 31 | (50) |
Reclassifications and other items | 30 | 216 | 23 |
Fixed assets payable in the closing balance | € 4,581 | € 4,481 | € 4,640 |
Fixed assets - Fixed assets p_2
Fixed assets - Fixed assets payables - Telecommunication licenses - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Business related variations | € 124 | € (206) | € 1,002 |
Licences and franchises [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Business related variations | € 51 | € 143 | € 618 |
Fixed assets - Fixed assets p_3
Fixed assets - Fixed assets payables - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Fixed assets | ||||
Total fixed assets payable | € 4,581 | € 4,481 | € 4,640 | € 3,665 |
Non-current fixed assets payables | 1,480 | 1,370 | 1,291 | |
Current fixed assets payables | € 3,101 | € 3,111 | € 3,349 |
Fixed assets - Fixed assets p_4
Fixed assets - Fixed assets payables - Additional Information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Fixed asset payables, business related variations | € 124 | € (206) | € 1,002 |
Changes in the scope of consolidation | (199) | ||
Incentive bonus fees on penetration rates and business continuity payable by the public initiative networks to the local authorities | 195 | ||
Orange Concessions | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Changes in the scope of consolidation | 241 | ||
5G license | ROMANIA | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Fixed asset payables, business related variations | 241 | ||
5G license | FRANCE | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Fixed asset payables, business related variations | € (153) | (150) | € 725 |
5G license | SPAIN | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Fixed asset payables, business related variations | € 192 |
Fixed assets - Fixed assets p_5
Fixed assets - Fixed assets payables - Accounting policies (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Fixed assets | |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fixed assets | |||
Dismantling provision in the opening balance | € 897 | € 901 | € 827 |
Discounting with impact on income statement | 36 | 11 | 2 |
Utilizations without impact on income statement | (20) | (18) | (12) |
Changes in provision with impact on assets | (221) | 3 | 79 |
Translation adjustment | (5) | (10) | |
Reclassifications and other items | 10 | 16 | |
Dismantling provision in the closing balance | € 696 | € 897 | € 901 |
Fixed assets - Dismantling pr_2
Fixed assets - Dismantling provision - Current and non-current (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Fixed assets | ||||
Total dismantling provisions | € 696 | € 897 | € 901 | € 827 |
o/w non-current provisions | 670 | 876 | 885 | |
o/w current provisions | € 26 | € 21 | € 16 |
Fixed assets - Dismantling pr_3
Fixed assets - Dismantling provision - Accounting policies (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Fixed assets | |
Term of government bond used to calculate risk-free rate, dismantling provisions | 15 years |
Lease agreements - Accounting p
Lease agreements - Accounting policies (Details) € in Millions | 12 Months Ended | |
Dec. 31, 2022 item | Dec. 31, 2021 EUR (€) | |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | € 7,936 | € 7,702 | € 7,009 | € 6,700 |
Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 12,918 | |||
Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (4,605) | |||
Accumulated impairment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (377) | |||
Land and buildings [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 4,667 | 4,930 | 4,865 | |
Land and buildings [member] | Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 8,134 | |||
Land and buildings [member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (3,090) | |||
Land and buildings [member] | Accumulated impairment [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (377) | |||
Networks and devices [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 3,049 | 2,516 | 1,931 | |
Networks and devices [member] | Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 4,241 | |||
Networks and devices [member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (1,192) | |||
Technology Equipment [Member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 59 | 55 | 30 | |
Technology Equipment [Member] | Gross carrying amount [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | 189 | |||
Technology Equipment [Member] | Accumulated depreciation and amortisation [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets | (130) | |||
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 | 161 | € 201 | € 184 | |
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 | 354 | |||
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 | (193) | |||
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Lease agreements | |||
Net book value of right-of-use assets - in the opening balance | € 7,702 | € 7,009 | € 6,700 |
Increase (new right-of-use assets) | 1,930 | 2,172 | 1,529 |
Impact of changes in the scope of consolidation | 34 | 1 | |
Depreciation and amortization | (1,507) | (1,481) | (1,384) |
Impairment | (54) | (91) | (57) |
Impact of changes in the assessments | (49) | 74 | 331 |
Translation adjustment | (35) | 46 | (104) |
Reclassifications and other items | (52) | (62) | (7) |
Net book value of right-of-use assets - in the closing balance | € 7,936 | € 7,702 | € 7,009 |
Lease agreements - Right-of-u_3
Lease agreements - Right-of-use assets - Additional Information (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Depreciation and amortization | € (1,507) | € (1,481) | € (1,384) | |
Rental expense | 134 | 147 | 151 | |
Replacement value of leased assets for which exemption has been used, maximum | 5,000 | |||
Right-of-use assets that do not meet definition of investment property | 7,936 | 7,702 | 7,009 | € 6,700 |
FRANCE | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets that do not meet definition of investment property | 294 | |||
Land and buildings [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets that do not meet definition of investment property | 4,667 | 4,930 | 4,865 | |
Networks and devices [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets that do not meet definition of investment property | 3,049 | 2,516 | 1,931 | |
Technology Equipment [Member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets that do not meet definition of investment property | 59 | 55 | 30 | |
Other right-of-use assets [member] | ||||
Disclosure of quantitative information about right-of-use assets [line items] | ||||
Right-of-use assets that do not meet definition of investment property | € 161 | € 201 | € 184 |
Lease agreements - Lease liabil
Lease agreements - Lease liabilities - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Lease agreements | |||
Lease liabilities - in the opening balance | € 8,065 | € 7,371 | € 6,932 |
Non-current lease liabilities | 6,901 | 6,696 | 5,875 |
Increase with counterpart in right of use | 1,915 | 2,158 | 1,582 |
Current lease liabilities | 1,509 | 1,369 | 1,496 |
Impact of changes in the scope of consolidation | 1 | 34 | 1 |
Decrease in lease liabilites following rental payments | (1,514) | (1,624) | (1,400) |
Impact of changes in the assessments | (43) | 74 | 326 |
Translation adjustment | (29) | 47 | (96) |
Reclassifications and other items | 16 | 4 | 26 |
Lease liabilities - in the closing balance | € 8,410 | € 8,065 | € 7,371 |
Lease agreements - Lease liab_2
Lease agreements - Lease liabilities - General information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Lease agreements | ||||
Total lease liabilities | € 8,410 | € 8,065 | € 7,371 | € 6,932 |
Non-current lease liabilities | 6,901 | 6,696 | 5,875 | |
Current lease liabilities | € 1,509 | € 1,369 | € 1,496 |
Lease agreements - Lease liab_3
Lease agreements - Lease liabilities - Undiscounted future cash flows of lease liabilities (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | € 9,580 |
Not later than one year [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 1,646 |
Later than one year and not later than two years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 1,381 |
Later than two years and not later than three years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 1,204 |
Later than three years and not later than four years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 1,028 |
Later than four years and not later than five years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | 944 |
Later than five years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted lease liabilities | € 3,377 |
Taxes - Operating taxes and lev
Taxes - Operating taxes and levies - Income statement components (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Taxes | |||
Territorial Economic Contribution, IFER and similar taxes | € (642) | € (652) | € (795) |
Spectrum fees | (373) | (360) | (341) |
Levies on telecommunication services | (333) | (329) | (319) |
Other operating taxes and levies | (534) | (586) | (469) |
Total | € (1,882) | (1,926) | € (1,924) |
Decrease in territorial economic contribution tax | € 139 |
Taxes - Operating taxes and l_2
Taxes - Operating taxes and levies - Geographical area (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | € (1,882) | € (1,926) | € (1,924) |
France tax group subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | (837) | (984) | (1,118) |
Africa & Middle-East subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | (660) | (644) | (552) |
Spain Subsidiaries [Member] | |||
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | (140) | (163) | (148) |
Other subsidiaries [Member] | |||
Disclosure of subsidiaries [line items] | |||
Operating taxes and levies | € (244) | € (135) | € (106) |
Taxes - Operating taxes and l_3
Taxes - Operating taxes and levies - Statement of financial position components (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Taxes | ||||
Value added tax | € 1,114 | € 1,025 | € 966 | |
Other operating taxes and levies | 151 | 138 | 138 | |
Operating taxes and levies - receivables | 1,265 | 1,163 | 1,104 | |
Value added tax | (687) | (682) | (652) | |
Territorial Economic Contribution, IFER and similar taxes | (96) | (89) | (87) | |
Spectrum fees | (19) | (18) | (21) | |
Levies on telecommunication services | (107) | (143) | (128) | |
Other operating taxes and levies | (496) | (504) | (391) | |
Operating taxes and levies - payables | (1,405) | (1,436) | (1,279) | |
Operating taxes and levies - net | € (140) | € (273) | € (175) | € (197) |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Taxes | |||
Net operating taxes and levies (payables) in the opening balance | € (273) | € (175) | |
Operating taxes and levies recognized in profit or loss | (1,882) | (1,926) | € (1,924) |
Operating taxes and levies paid | 1,906 | 1,880 | 1,929 |
Changes in the scope of consolidation | (67) | ||
Translation adjustment | 42 | (19) | 20 |
Reclassifications and other items | 68 | (1) | (3) |
Net operating taxes and levies (payables) in the closing balance | € (140) | (273) | € (175) |
Amount of reclassification as investing activities | € 34 |
Taxes - Tabular disclosure - (D
Taxes - Tabular disclosure - (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Total Income taxes | € (1,265) | € (962) | € 848 |
Current tax | (1,168) | (750) | 1,245 |
Adjustments for current tax of prior periods | 2,246 | ||
Tax expense in absence of tax income related to the tax dispute | (1,168) | (750) | (1,001) |
Deferred tax | (97) | (212) | (396) |
France tax group subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income taxes | (541) | 3 | 1,556 |
Current tax | (417) | (129) | 1,801 |
Adjustments for current tax of prior periods | 2,246 | 2,246 | |
Tax expense in absence of tax income related to the tax dispute | (417) | (129) | (444) |
Current tax | (417) | (129) | (444) |
Deferred tax | (124) | 133 | (246) |
Spain Subsidiaries [Member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income taxes | 50 | (115) | (146) |
Current tax | (40) | ||
Current tax | 0 | 0 | (40) |
Deferred tax | 50 | (115) | (106) |
Africa & Middle-East subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income taxes | (528) | (431) | (341) |
Current tax | (536) | (420) | (343) |
Current tax | (536) | (420) | (343) |
Deferred tax | 8 | (11) | 2 |
United Kingdom subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income taxes | (74) | (264) | (137) |
Current tax | (75) | (76) | (75) |
Current tax | (75) | (76) | (75) |
Deferred tax | 1 | (188) | (63) |
Other subsidiaries [Member] | |||
Disclosure of subsidiaries [line items] | |||
Total Income taxes | (172) | (156) | (83) |
Current tax | (140) | (125) | (99) |
Current tax | (140) | (125) | (99) |
Deferred tax | € (32) | € (31) | € 16 |
Taxes - Income tax - Current ta
Taxes - Income tax - Current tax by geographical area or by tax group (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Total current tax expense (income) and adjustments for current tax of prior periods | € (1,168) | € (750) | € 1,245 |
Tax dispute for fiscal years 2005-2006 | 2,246 | ||
France tax group subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total current tax expense (income) and adjustments for current tax of prior periods | (417) | (129) | 1,801 |
Tax dispute for fiscal years 2005-2006 | 2,246 | 2,246 | |
Current tax | (417) | (129) | (444) |
Africa & Middle-East subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total current tax expense (income) and adjustments for current tax of prior periods | (536) | (420) | (343) |
Current tax | (536) | (420) | (343) |
United Kingdom subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Total current tax expense (income) and adjustments for current tax of prior periods | (75) | (76) | (75) |
Current tax | (75) | (76) | (75) |
Spain Subsidiaries [Member] | |||
Disclosure of subsidiaries [line items] | |||
Total current tax expense (income) and adjustments for current tax of prior periods | (40) | ||
Current tax | 0 | 0 | (40) |
Other subsidiaries [Member] | |||
Disclosure of subsidiaries [line items] | |||
Total current tax expense (income) and adjustments for current tax of prior periods | (140) | (125) | (99) |
Current tax | € (140) | € (125) | € (99) |
Taxes - Additional information
Taxes - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||||||
Apr. 01, 2017 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2021 | |
Disclosure of subsidiaries [line items] | |||||||
Adjustments for current tax of prior periods | € 2,246 | ||||||
Income tax | € 1,265 | € 962 | (848) | ||||
Tax expense in absence of tax income related to the tax dispute | € (1,168) | (750) | (1,001) | ||||
Applicable tax rate | 25.83% | ||||||
Increase of deferred tax liabilities | 63 | ||||||
Deferred tax income related to recognition of employee benefit liability | 316 | ||||||
Tax amending proposals issued amount | € 520 | ||||||
Tax adjustments relating to tax audit for the years 2017-2019 | 146 | ||||||
France tax group subsidiaries [member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Adjustments for current tax of prior periods | 2,246 | 2,246 | |||||
Income tax | 541 | (3) | (1,556) | ||||
Tax expense in absence of tax income related to the tax dispute | € (417) | € (129) | € (444) | ||||
Applicable tax rate | 25.83% | 28.41% | 32.02% | ||||
Increase (decrease) in current tax expense (income) due to change in applicable tax rate | € 35 | € 61 | € 36 | ||||
France tax group subsidiaries [member] | Bottom of range [member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Adjustments for current tax of prior periods | 376 | ||||||
Spain Subsidiaries [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Income tax | (50) | € 115 | € 146 | ||||
Applicable tax rate | 25% | 25% | 25% | ||||
Percentage of taxable income restriction (as a percent) | 25% | 25% | 25% | ||||
Deferred tax charge | 53 | € 162 | € 102 | ||||
Spain Subsidiaries [Member] | Bottom of range [member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Percentage of taxable income (as a percent) | 75% | 75% | 75% | ||||
Africa & Middle-East subsidiaries [member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Income tax | 528 | € 431 | € 341 | ||||
United Kingdom subsidiaries [member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Income tax | 74 | € 264 | € 137 | ||||
Applicable tax rate | 19% | ||||||
Loss of sole control of of subsidiaries | FiberCo | |||||||
Disclosure of subsidiaries [line items] | |||||||
Income tax | € (74) | ||||||
FRANCE | |||||||
Disclosure of subsidiaries [line items] | |||||||
Applicable tax rate relating to value added contribution | 0.75% | 1.50% | |||||
SENEGAL | |||||||
Disclosure of subsidiaries [line items] | |||||||
Applicable tax rate | 30% | ||||||
MALI | |||||||
Disclosure of subsidiaries [line items] | |||||||
Applicable tax rate | 30% | ||||||
GUINEA | |||||||
Disclosure of subsidiaries [line items] | |||||||
Applicable tax rate | 35% | ||||||
COTE D'IVOIRE | |||||||
Disclosure of subsidiaries [line items] | |||||||
Applicable tax rate | 30% | ||||||
UNITED KINGDOM | |||||||
Disclosure of subsidiaries [line items] | |||||||
Applicable Tax Rate, Originally Planned | 17% | ||||||
Applicable tax rate | 19% | 19% | |||||
Increase of deferred tax liabilities | € 188 | ||||||
UNITED KINGDOM | Changes in tax rates or tax laws enacted or announced | |||||||
Disclosure of subsidiaries [line items] | |||||||
Applicable tax rate | 25% |
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, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Applicable tax rate | 25.83% | ||
Increase of deferred tax liabilities | € 63 | ||
France tax group subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Applicable tax rate | 25.83% | 28.41% | 32.02% |
Current tax expense | € 417 | € 129 | € 444 |
Africa & Middle-East subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Current tax expense | € 536 | 420 | 343 |
COTE D'IVOIRE | |||
Disclosure of subsidiaries [line items] | |||
Applicable tax rate | 30% | ||
Current tax expense | € 86 | 91 | 77 |
MALI | |||
Disclosure of subsidiaries [line items] | |||
Applicable tax rate | 30% | ||
Current tax expense | € 64 | 67 | 62 |
SENEGAL | |||
Disclosure of subsidiaries [line items] | |||
Applicable tax rate | 30% | ||
Current tax expense | € 55 | 53 | 54 |
GUINEA | |||
Disclosure of subsidiaries [line items] | |||
Applicable tax rate | 35% | ||
Current tax expense | € 94 | € 63 | € 47 |
Taxes - Income tax - Effectiv_2
Taxes - Income tax - Effective income tax on continuing operations - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Taxes | |||
Profit before tax of continuing operations | € 3,882 | € 1,740 | € 4,207 |
Applicable tax rate | 25.83% | ||
Theoritical income tax | € (1,003) | (494) | (1,347) |
Tax income related to the 2005-2006 tax dispute | 2,246 | 2,246 | |
Impairment of goodwill | 211 | 1,052 | |
Impact related to the loss of sole control over Orange Concessions | 557 | ||
Share of profits (losses) of associates and joint ventures | 1 | (1) | |
Adjustment of prior-year taxes | (13) | (23) | 1 |
Recognition / (derecognition) of deferred tax assets | 83 | (149) | (98) |
Difference in tax rates | 10 | 85 | 157 |
Change in applicable tax rates | (235) | (92) | |
Other reconciling items | (130) | 348 | (18) |
Total Income taxes | € (1,265) | € (962) | € 848 |
Effective tax rate (as a percent) | 32.59% | 55.31% | (20.17%) |
Taxes - Income tax - Effectiv_3
Taxes - Income tax - Effective income tax on continuing operations - Additional information - Statutory rates (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Apr. 01, 2017 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of subsidiaries [line items] | |||||
Applicable tax rate | 25.83% | ||||
Tax income related to the 2005-2006 tax dispute | € 2,246 | € 2,246 | |||
Effective tax rate excluding tax dispute | 26.90% | 17.70% | 33.20% | ||
Impairment loss recognised in profit or loss, goodwill | € 817 | € 3,702 | |||
Impairment of goodwill | € 211 | € 1,052 | |||
UNITED KINGDOM | |||||
Disclosure of subsidiaries [line items] | |||||
Applicable tax rate | 19% | 19% | |||
ROMANIA | |||||
Disclosure of subsidiaries [line items] | |||||
Applicable tax rate | 16% | ||||
POLAND | |||||
Disclosure of subsidiaries [line items] | |||||
Applicable tax rate | 19% | ||||
GUINEA | |||||
Disclosure of subsidiaries [line items] | |||||
Applicable tax rate | 35% | ||||
France tax group subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Applicable tax rate | 25.83% | 28.41% | 32.02% | ||
United Kingdom subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Applicable tax rate | 19% | ||||
Spain Subsidiaries [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Applicable tax rate | 25% | 25% | 25% | ||
Impairment of goodwill | € 3,702 |
Taxes - Income tax - Corporate
Taxes - Income tax - Corporate income tax on other comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Taxes | |||
Actuarial gains and losses on post-employment benefits, gross amount | € 176 | € 59 | € (13) |
Assets at fair value, gross amount | (112) | 11 | 94 |
Cash flow hedges, gross amount | 295 | 317 | 22 |
Translation adjustment, gross amount | (374) | 200 | (414) |
Other comprehensive income of associates and joint ventures, gross amount | 51 | 1 | |
Total presented in other comprehensive income, gross amount | 37 | 587 | (311) |
Actuarial gains and losses on post-employment benefits, deferred tax | (47) | (14) | 1 |
Cash flow hedges, deferred tax | (70) | (84) | (10) |
Total presented in other comprehensive income, deferred tax | € (117) | € (98) | € (9) |
Taxes - Income tax - Tax positi
Taxes - Income tax - Tax position in the statement of financial position (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | € 149 | € 181 | € 128 | ||
Current tax liabilities, current | 538 | 425 | 673 | ||
Net current tax | (389) | (244) | (545) | € (629) | |
Deferred tax asset | 421 | 692 | 674 | € 940 | 2,853 |
Deferred tax liability | 1,124 | 1,185 | 855 | ||
Net deferred tax | (704) | (493) | (181) | € 238 | |
France tax group subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | 26 | ||||
Current tax liabilities, current | 31 | 359 | |||
Net current tax | (31) | 26 | (359) | ||
Deferred tax asset | 135 | 362 | 327 | ||
Net deferred tax | 135 | 362 | 327 | ||
Spain Subsidiaries [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | 1 | 13 | 12 | ||
Net current tax | 1 | 13 | 12 | ||
Deferred tax liability | 161 | 211 | 95 | ||
Net deferred tax | (161) | (211) | (95) | ||
Africa & Middle-East subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | 68 | 62 | 45 | ||
Current tax liabilities, current | 395 | 328 | 228 | ||
Net current tax | (327) | (266) | (183) | ||
Deferred tax asset | 128 | 127 | 103 | ||
Deferred tax liability | 58 | 93 | 55 | ||
Net deferred tax | 70 | 34 | 48 | ||
United Kingdom subsidiaries [member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | 2 | ||||
Current tax liabilities, current | 5 | 4 | |||
Net current tax | 2 | (5) | (4) | ||
Deferred tax liability | 786 | 787 | 600 | ||
Net deferred tax | (786) | (787) | (600) | ||
Other subsidiaries [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Current tax assets, current | 77 | 80 | 70 | ||
Current tax liabilities, current | 112 | 92 | 82 | ||
Net current tax | (34) | (12) | (12) | ||
Deferred tax asset | 157 | 202 | 244 | ||
Deferred tax liability | 120 | 94 | 105 | ||
Net deferred tax | € 38 | € 109 | € 139 |
Taxes - Income tax - Net curren
Taxes - Income tax - Net current tax - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Taxes | |||
Net current tax assets / (liabilities) in the opening balance | € (244) | € (545) | |
Cash tax payments / (reimbursements) | 1,022 | 1,028 | € (1,160) |
Change in income statement | (1,168) | (750) | 1,245 |
Change in retained earnings | (2) | 29 | (2) |
Changes in the scope of consolidation | 1 | ||
Translation adjustment | 2 | (7) | 4 |
Reclassifications and other items | 1 | (4) | |
Net current tax assets / (liabilities) in the closing balance | € (389) | € (244) | € (545) |
Taxes - Income tax - Net curr_2
Taxes - Income tax - Net current tax - Reconciliation - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Amount of tax refund related to the loss of sole control | € 1,022 | € 1,028 | € (1,160) |
Adjustments for current tax of prior periods | 2,246 | ||
Orange Concessions | |||
Disclosure of subsidiaries [line items] | |||
Amount of disbursements and income tax expenses on gain arising from losses of sole control | 47 | ||
FiberCo Poland [Member] | |||
Disclosure of subsidiaries [line items] | |||
Amount of tax refund related to the loss of sole control | € 11 | ||
Amount of disbursements and income tax expenses on gain arising from losses of sole control | 27 | ||
France tax group subsidiaries [member] | |||
Disclosure of subsidiaries [line items] | |||
Adjustments for current tax of prior periods | € 2,246 | € 2,246 |
Taxes - Income tax - Net deferr
Taxes - Income tax - Net deferred tax - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Taxes | |||
Net deferred tax assets - opening balance | € (493) | € (181) | |
Change in income statement | (97) | (212) | € (396) |
Change in other comprehensive income | (117) | (98) | (9) |
Change in retained earnings | 5 | ||
Change in the scope of consolidation | (21) | (1) | (2) |
Translation adjustment | 25 | (5) | (10) |
Reclassifications and other items | (1) | (2) | |
Net deferred tax assets - closing balance | € (704) | € (493) | € (181) |
Taxes - Income tax - Deferred t
Taxes - Income tax - Deferred tax assets and liabilities by type - Assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax asset | € 7,736 | € 7,865 | € 7,629 | ||
Depreciation of deferred tax assets | (3,791) | (3,922) | (3,714) | ||
Netting assets | (3,525) | (3,251) | (3,241) | ||
Total asset | 421 | 692 | 674 | € 940 | € 2,853 |
Deferred tax liability | 4,649 | 4,436 | 4,096 | ||
Netting liabilities | (3,525) | (3,251) | (3,241) | ||
Total liability | 1,124 | 1,185 | 855 | ||
Provisions for employee benefit obligations [member] | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax asset | 679 | 705 | 499 | ||
Fixed assets [member] | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax asset | 465 | 528 | 552 | ||
Deferred tax liability | 1,481 | 1,476 | 1,275 | ||
Unused tax losses [member] | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax asset | 3,935 | 3,958 | 3,887 | ||
Other temporary differences [member] | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Deferred tax asset | 2,658 | 2,673 | 2,690 | ||
Deferred tax liability | € 3,168 | € 2,960 | € 2,821 |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | € 178 | € 38 | € 327 |
Unrecognized deferred tax assets, income statement | 80 | (174) | (69) |
Total, income statement | (97) | (212) | (396) |
Provisions for employee benefit obligations [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | (22) | (218) | 154 |
Fixed assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | 75 | 218 | 111 |
Unused tax losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | (20) | (37) | (8) |
Other temporary differences [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income statement | € 145 | € 76 | € 71 |
Taxes - Income tax - Deferred_3
Taxes - Income tax - Deferred tax assets and liabilities by type - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of subsidiaries [line items] | |||
Unrecognized deferred tax assets | € 3,791 | € 3,922 | € 3,714 |
Spain Subsidiaries [Member] | |||
Disclosure of subsidiaries [line items] | |||
Unrecognized deferred tax assets | 2,100 | ||
Deferred tax assets recognized | 400 | ||
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) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Orange Concessions | |||
Disclosure of joint ventures [line items] | |||
Main co-shareholders ownership interest in joint venture | 50% | ||
Ownership interest in joint venture | 50% | ||
Investments in joint ventures accounted for using equity method | € 1,057 | € 1,049 | |
Swiatlowod Inwestycje | |||
Disclosure of joint ventures [line items] | |||
Main co-shareholders ownership interest in joint venture | 50% | ||
Ownership interest in joint venture | 50% | ||
Investments in joint ventures accounted for using equity method | € 306 | 298 | |
Mauritius Telecom [member] | |||
Disclosure of joint ventures [line items] | |||
Main co-shareholders ownership interest in joint venture | 34% | ||
Ownership interest in joint venture | 40% | ||
Investments in joint ventures accounted for using equity method | € 72 | 65 | € 70 |
Other joint venture [member] | |||
Disclosure of joint ventures [line items] | |||
Investments in joint ventures accounted for using equity method | € 17 | € 10 | € 10 |
Interests in associates and j_4
Interests in associates and joint ventures - Interest in associates (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Jul. 05, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Orange Tunisie | ||||
Disclosure of associates [line items] | ||||
Proportion of ownership interest held by main co-shareholders in associate, percentage | 51% | |||
Ownership interest (as a percent) | 49% | |||
Investments in associates accounted for using equity method | € 17 | € 2 | ||
Savoie connecte | ||||
Disclosure of associates [line items] | ||||
Proportion of ownership interest held by main co-shareholders in associate, percentage | 70% | |||
Ownership interest (as a percent) | 30% | |||
Investments in associates accounted for using equity method | € 7 | 7 | € 5 | |
IRISnet [member] | ||||
Disclosure of associates [line items] | ||||
Proportion of ownership interest held by main co-shareholders in associate, percentage | 54% | |||
Ownership interest (as a percent) | 22% | |||
Investments in associates accounted for using equity method | € 6 | 6 | 5 | |
Odyssey Music Group (Deezer) | ||||
Disclosure of associates [line items] | ||||
Ownership interest (as a percent) | 10.42% | |||
Investments in associates accounted for using equity method | 5 | |||
Other associates [member] | ||||
Disclosure of associates [line items] | ||||
Investments in associates accounted for using equity method | € 3 | € 3 | € 2 |
Interests in associates and j_5
Interests in associates and joint ventures - Total (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Investments accounted for using equity method [abstract] | |||
Interests in associates and joint ventures | € 1,486 | € 1,440 | € 98 |
Interests in associates and j_6
Interests in associates and joint ventures - Reconciliation (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interests in associates and joint ventures | |||
Interests in associates and joint ventures - in the opening balance | € 1,440 | € 98 | € 103 |
Dividends | (5) | (3) | (4) |
Share of profits (losses) | (2) | 3 | (2) |
Impairment | 0 | ||
Change in components of other comprehensive income | 51 | 3 | |
Changes in the scope of consolidation | (3) | 1,345 | |
Change in capital | 11 | 3 | 19 |
Translation adjustment | (2) | (4) | (12) |
Reclassifications and other items | (3) | (6) | (6) |
Interests in associates and joint ventures - in the closing balance | € 1,486 | € 1,440 | € 98 |
Interests in associates and j_7
Interests in associates and joint ventures - Associates and joint ventures (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Assets [abstract] | |||||
Non-current assets | € 82,847 | € 82,236 | € 82,582 | € 81,701 | € 82,406 |
Current assets | 26,803 | 25,834 | 25,094 | ||
Total assets | 109,650 | 108,071 | 107,676 | 106,689 | 104,262 |
Equity and liabilities [abstract] | |||||
Shareholder's equity | 34,956 | 35,361 | 37,200 | 34,561 | 33,364 |
Non-current liabilities | 45,471 | 45,434 | 42,182 | 44,360 | 39,491 |
Current liabilities | 29,223 | 27,276 | 28,294 | ||
Total equity and liabilities | 109,650 | 108,071 | 107,676 | € 106,689 | € 104,262 |
Consolidated income statement | |||||
Revenue | 43,471 | 42,522 | 42,270 | ||
Operating income | 4,801 | 2,521 | 5,521 | ||
Finance costs, net | (920) | (782) | (1,314) | ||
Income tax | (1,265) | (962) | 848 | ||
Net income | 2,617 | 778 | € 5,055 | ||
Orange Concessions | |||||
Assets [abstract] | |||||
Non-current assets | 3,699 | 3,029 | |||
Current assets | 417 | 519 | |||
Total assets | 4,115 | 3,548 | |||
Equity and liabilities [abstract] | |||||
Shareholder's equity | 2,117 | 1,991 | |||
Non-current liabilities | 1,494 | 1,054 | |||
Current liabilities | 505 | 502 | |||
Total equity and liabilities | 4,115 | 3,548 | |||
Consolidated income statement | |||||
Revenue | 768 | 112 | |||
Operating income | (7) | (16) | |||
Finance costs, net | (35) | (5) | |||
Income tax | 8 | 7 | |||
Net income | (35) | (14) | |||
Swiatlowod Inwestycje | |||||
Assets [abstract] | |||||
Non-current assets | 372 | 168 | |||
Current assets | 197 | 171 | |||
Total assets | 569 | 339 | |||
Equity and liabilities [abstract] | |||||
Shareholder's equity | 281 | 257 | |||
Non-current liabilities | 198 | 45 | |||
Current liabilities | 90 | 36 | |||
Total equity and liabilities | 569 | 339 | |||
Consolidated income statement | |||||
Revenue | 29 | 7 | |||
Operating income | (4) | (3) | |||
Finance costs, net | (5) | 16 | |||
Income tax | 1 | (3) | |||
Net income | € (8) | € 10 |
Interests in associates and j_8
Interests in associates and joint ventures - Contractual commitments on interests in associates and joint ventures (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Nov. 03, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of subsidiaries [line items] | |||
Off-balance sheet commitments | € 1,702 | ||
Change in fair value of cash flow hedge derivatives, net of tax, recognized in other comprehensive income | (51) | € (3) | |
Orange Concessions | |||
Disclosure of subsidiaries [line items] | |||
Percentage of ownership interests sold | 50% | ||
Change in fair value of cash flow hedge derivatives, net of tax, recognized in other comprehensive income | 33 | ||
FiberCo Poland | |||
Disclosure of subsidiaries [line items] | |||
Change in fair value of cash flow hedge derivatives, net of tax, recognized in other comprehensive income | € 18 |
Related party transactions (Det
Related party transactions (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Non-current financial assets | € 43 | € 43 | € 9 |
Trade And Other Receivables Due From Related Parties | 254 | 417 | 39 |
Current financial assets | 12 | 12 | 5 |
Other current assets | 40 | 52 | |
Trade payables | 11 | 14 | 5 |
Other current liabilities | 2 | 1 | 0 |
Customer contract liabilities | 154 | 153 | 3 |
Revenue | 726 | 139 | 14 |
Operating income | 700 | 135 | (7) |
Finance costs, net | 2 | 1 | |
Net income | 702 | 129 | € (7) |
Orange Concessions | |||
Disclosure of transactions between related parties [line items] | |||
Trade And Other Receivables Due From Related Parties | 209 | 372 | |
Revenue | 705 | 124 | |
Swiatlowod Inwestycje | |||
Disclosure of transactions between related parties [line items] | |||
Customer contract liabilities | € 146 | € 151 |
Financial assets, liabilities_3
Financial assets, liabilities and financial results (telecom activities) - Financial assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets related to Mobile Financial Services activities | € 656 | € 900 | € 1,210 | ||
Non-current financial assets | 977 | 950 | 1,516 | ||
Non-current derivatives assets | 1,458 | 683 | 132 | ||
Current financial assets related to Mobile Financial Services activities | 2,742 | 2,381 | 2,075 | ||
Current financial assets | 4,541 | 2,313 | 3,259 | ||
Current derivatives assets | 112 | 7 | 162 | ||
Cash and cash equivalent | 6,004 | 8,621 | 8,145 | € 6,481 | € 6,481 |
Non-current financial liabilities related to Mobile Financial Services activities | 82 | ||||
Non-current financial liabilities | 31,930 | ||||
Non-current derivatives liabilities | 397 | 220 | 844 | ||
Current financial liabilities related to Mobile Financial Services activities | 3,034 | 3,161 | 3,128 | ||
Current financial liabilities | 4,702 | ||||
Current derivatives liabilities | 51 | 124 | 35 | ||
Mobile Financial Services, operating segment [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets related to Mobile Financial Services activities | 772 | ||||
Non-current financial liabilities | 171 | 86 | 102 | ||
Current financial liabilities related to Mobile Financial Services activities | 3,034 | 3,161 | 3,128 | ||
Operating segments [member] | Telecom activities, operating segment [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | 1,004 | ||||
Non-current derivatives assets | 1,342 | ||||
Current financial assets | 4,541 | ||||
Current derivatives assets | 112 | ||||
Cash and cash equivalent | 5,846 | 8,188 | 7,891 | 6,112 | |
Non-current financial liabilities | 31,930 | ||||
Non-current derivatives liabilities | 335 | ||||
Current financial liabilities | 4,708 | ||||
Current derivatives liabilities | 51 | ||||
Operating segments [member] | Mobile Financial Services, operating segment [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets related to Mobile Financial Services activities | 656 | ||||
Non-current derivatives assets | 116 | ||||
Current financial assets related to Mobile Financial Services activities | 2,747 | 2,385 | 2,077 | ||
Cash and cash equivalent | 158 | € 433 | € 254 | € 369 | |
Non-current financial liabilities related to Mobile Financial Services activities | 109 | ||||
Non-current derivatives liabilities | 62 | ||||
Current financial liabilities related to Mobile Financial Services activities | 3,034 | ||||
Elimination of intersegment amounts [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | (27) | ||||
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 | (6) | ||||
Non-current financial liabilities related to Mobile Financial Services activities | (27) | ||||
Current financial liabilities | € (6) |
Financial assets, liabilities_4
Financial assets, liabilities and financial results (telecom activities) - Profit and losses - Tabular disclosure (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |||
Gains (losses) on assets contributing to net financial debt | € 48 | € (3) | € (1) |
Foreign exchange gain (loss) | (97) | 65 | (103) |
Finance costs, net | (920) | (782) | (1,314) |
Operating segments [member] | Telecom activities, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Costs of gross financial debt | (779) | (830) | (1,100) |
Gains (losses) on assets contributing to net financial debt | 48 | (3) | (1) |
Costs of net financial debt | (731) | (833) | (1,102) |
Foreign exchange gain (loss) | (97) | 65 | (103) |
Other net financial expenses | (92) | (14) | (110) |
Finance costs, net | (920) | (782) | (1,314) |
Other comprehensive income | 178 | 332 | 116 |
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 | 48 | (3) | (1) |
Costs of net financial debt | 48 | (3) | (1) |
Foreign exchange gain (loss) | (38) | 47 | (151) |
Other net financial expenses | 55 | 75 | 39 |
Other comprehensive income | (110) | 11 | 94 |
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 | (1,023) | (1,018) | (1,152) |
Costs of net financial debt | (1,023) | (1,018) | (1,152) |
Foreign exchange gain (loss) | (196) | (637) | 623 |
Other net financial expenses | 0 | 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 | (145) | (120) | (120) |
Operating segments [member] | Telecom activities, operating segment [member] | Derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Costs of gross financial debt | 245 | 188 | 52 |
Costs of net financial debt | 245 | 188 | 52 |
Foreign exchange gain (loss) | 137 | 655 | (576) |
Other net financial expenses | 0 | 0 | |
Other comprehensive income | 288 | 322 | 22 |
Operating segments [member] | Telecom activities, operating segment [member] | Discounting expense [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Other net financial expenses | € (3) | € 31 | € (29) |
Financial assets, liabilities_5
Financial assets, liabilities and financial results (telecom activities) - Other gains or losses (Details) - EUR (€) € in Millions | 12 Months Ended | 24 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [line items] | ||||
Interests on debts related to financed assets | € 3 | € 1 | € 1 | € 1 |
Interests on lease liabilities | 145 | 120 | 120 | |
Telecom activities, operating segment [member] | Operating segments [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Other gains and (losses), foreign exchange gains and (losses) on receivables, supplier payables and associated derivative hedges | € 31 | € 19 | € 16 |
Financial assets, liabilities_6
Financial assets, liabilities and financial results (telecom activities) - Net financial debt - Tabular disclosure (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | € 36,638 | € 35,348 | € 35,260 |
Current and non-current derivatives (liabilities) | 386 | 285 | 804 |
Current and non-current derivatives (assets) | (1,455) | (689) | (294) |
Other comprehensive income components related to unmatured hedging instruments | 114 | (192) | (541) |
Gross financial debt after derivatives | 35,683 | 34,751 | 35,229 |
Assets included in the calculation of net financial debt | (10,386) | (10,481) | (11,740) |
Net financial debt | 25,298 | 24,269 | 23,489 |
Cash collateral paid [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (38) | (27) | (642) |
Other financial assets [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (2) | ||
Trading securities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (4,500) | (2,266) | (3,206) |
Cash Equivalents [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (3,178) | (5,479) | (5,140) |
Cash [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets included in the calculation of net financial debt | (2,668) | (2,709) | (2,751) |
TDIRA [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 638 | 636 | 636 |
Bonds, financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 29,943 | 29,010 | 29,848 |
Bank loans and from development organizations and multilateral lending institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 3,309 | 3,206 | 3,671 |
Debt relating to financed assets [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 316 | 245 | 295 |
Cash collateral received [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 1,072 | 389 | 31 |
NEU Commercial Paper [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 1,004 | 1,457 | 555 |
Bank Overdrafts [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | 250 | 342 | 154 |
Other financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial liabilities | € 105 | € 64 | € 70 |
Financial assets, liabilities_7
Financial assets, liabilities and financial results (telecom activities) - Net financial debt - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Operating segments [member] | Telecom activities, operating segment [member] | Currency swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Foreign exchange effect | € 694 | € 657 | € 251 |
Financial assets, liabilities_8
Financial assets, liabilities and financial results (telecom activities) - 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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Cash flows | € 936 | € 153 | € (1,793) |
Financial liabilities, class [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 35,348 | 35,260 | 37,076 |
Cash flows | 1,038 | (663) | (1,311) |
Changes in the scope of consolidation | 10 | (41) | |
Foreign exchange movement | 18 | 644 | (663) |
Other | 222 | 148 | 157 |
Balance at end of period | 36,638 | 35,348 | 35,260 |
TDIRA [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 636 | 636 | 822 |
Cash flows | (185) | ||
Other | 2 | (1) | |
Balance at end of period | 638 | 636 | 636 |
Bonds, financial liabilities [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 29,010 | 29,848 | 30,893 |
Cash flows | 813 | (1,385) | (389) |
Foreign exchange movement | 88 | 599 | (624) |
Other | 32 | (52) | (31) |
Balance at end of period | 29,943 | 29,010 | 29,848 |
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 | 3,206 | 3,671 | 4,013 |
Cash flows | 135 | (496) | (322) |
Changes in the scope of consolidation | 6 | ||
Foreign exchange movement | (28) | 27 | (25) |
Other | (11) | 3 | 5 |
Balance at end of period | 3,309 | 3,206 | 3,671 |
Debt relating to financed assets [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 245 | 295 | 125 |
Cash flows | (97) | (80) | (60) |
Other | 168 | 30 | 231 |
Balance at end of period | 316 | 245 | 295 |
Cash collateral received [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 389 | 31 | 261 |
Cash flows | 684 | 358 | (230) |
Balance at end of period | 1,072 | 389 | 31 |
NEU Commercial Paper [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 1,457 | 555 | 158 |
Cash flows | (456) | 903 | 397 |
Other | 3 | (1) | |
Balance at end of period | 1,004 | 1,457 | 555 |
Bank Overdrafts [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 342 | 154 | 203 |
Cash flows | (39) | 173 | (37) |
Foreign exchange movement | (46) | 15 | (12) |
Other | (7) | ||
Balance at end of period | 250 | 342 | 154 |
Other financial liabilities [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | 64 | 70 | 602 |
Cash flows | (1) | (136) | (484) |
Changes in the scope of consolidation | 4 | (41) | |
Foreign exchange movement | 4 | 3 | (2) |
Other | 35 | 168 | (46) |
Balance at end of period | 105 | 64 | 70 |
Derivatives [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | (405) | 510 | (138) |
Cash flows | (91) | 201 | 37 |
Foreign exchange movement | (213) | (457) | 641 |
Other | (360) | (659) | (29) |
Balance at end of period | (1,069) | (405) | 510 |
Cash collateral paid [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Balance at beginning of period | (642) | (123) | |
Cash flows | € (12) | € 615 | (519) |
Balance at end of period | € (642) |
Financial assets, liabilities_9
Financial assets, liabilities and financial results (telecom activities) - 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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | € 936 | € 153 | € (1,793) |
Financial liabilities, class [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | 1,038 | (663) | (1,311) |
Acquisition | 10 | (41) | |
Foreign exchange movement | 18 | 644 | (663) |
Other | 222 | 148 | 157 |
TDIRA [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (185) | ||
Other | 2 | (1) | |
Bonds, financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | 813 | (1,385) | (389) |
Foreign exchange movement | 88 | 599 | (624) |
Other | 32 | (52) | (31) |
Bank loans and from development organizations and multilateral lending institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | 135 | (496) | (322) |
Acquisition | 6 | ||
Foreign exchange movement | (28) | 27 | (25) |
Other | (11) | 3 | 5 |
Cash collateral received [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | 684 | 358 | (230) |
NEU Commercial Paper [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (456) | 903 | 397 |
Other | 3 | (1) | |
Bank Overdrafts [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (39) | 173 | (37) |
Foreign exchange movement | (46) | 15 | (12) |
Other | (7) | ||
Other financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | (1) | (136) | (484) |
Acquisition | 4 | (41) | |
Foreign exchange movement | 4 | 3 | (2) |
Other | 35 | 168 | (46) |
Cash collateral paid [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cash flows | € (12) | € 615 | € (519) |
Financial assets, liabilitie_10
Financial assets, liabilities and financial results (telecom activities) - 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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Cash flows | € 936 | € 153 | € (1,793) |
Financial liabilities, class [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | 1,038 | (663) | (1,311) |
Acquisition | 10 | (41) | |
Other | 222 | 148 | 157 |
TDIRA [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (185) | ||
Other | 2 | (1) | |
Bonds, financial liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | 813 | (1,385) | (389) |
Other | 32 | (52) | (31) |
Bank loans and from development organizations and multilateral lending institutions [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | 135 | (496) | (322) |
Acquisition | 6 | ||
Other | (11) | 3 | 5 |
Cash collateral received [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | 684 | 358 | (230) |
NEU Commercial Paper [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (456) | 903 | 397 |
Other | 3 | (1) | |
Bank Overdrafts [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (39) | 173 | (37) |
Other | (7) | ||
Other financial liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (1) | (136) | (484) |
Acquisition | 4 | (41) | |
Other | 35 | 168 | (46) |
Derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Cash flows | (91) | 201 | 37 |
Other | (360) | (659) | (29) |
Cash collateral paid [member] | |||
Disclosure of financial assets [line items] | |||
Balance at beginning of period | (27) | (642) | |
Cash flows | (12) | 615 | (519) |
Balance at end of period | € (38) | € (27) | € (642) |
Financial assets, liabilitie_11
Financial assets, liabilities and financial results (telecom activities) - Net financial debt by currency (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | € 35,683 | € 34,751 | € 35,229 |
Financial assets included in the calculation of net financial debt | (10,386) | (10,481) | (11,740) |
Net debt by currency before effect of foreign exchange derivatives | 25,298 | ||
Net financial debt | 25,298 | € 24,269 | € 23,489 |
Euro Member Countries, Euro | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 26,013 | ||
Financial assets included in the calculation of net financial debt | (8,115) | ||
Net debt by currency before effect of foreign exchange derivatives | 17,898 | ||
Effect of foreign exchange derivatives | 6,280 | ||
Net financial debt | 24,178 | ||
United States of America, Dollars | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 4,132 | ||
Financial assets included in the calculation of net financial debt | (650) | ||
Net debt by currency before effect of foreign exchange derivatives | 3,482 | ||
Effect of foreign exchange derivatives | (3,630) | ||
Net financial debt | (147) | ||
United Kingdom, Pounds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 2,900 | ||
Financial assets included in the calculation of net financial debt | (102) | ||
Net debt by currency before effect of foreign exchange derivatives | 2,798 | ||
Effect of foreign exchange derivatives | (2,803) | ||
Net financial debt | (5) | ||
Poland, Zlotych | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 75 | ||
Financial assets included in the calculation of net financial debt | (107) | ||
Net debt by currency before effect of foreign exchange derivatives | (32) | ||
Effect of foreign exchange derivatives | 887 | ||
Net financial debt | 856 | ||
Egypt, Pounds | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 186 | ||
Financial assets included in the calculation of net financial debt | (74) | ||
Net debt by currency before effect of foreign exchange derivatives | 112 | ||
Net financial debt | 112 | ||
Jordan, Dinars | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 94 | ||
Financial assets included in the calculation of net financial debt | (87) | ||
Net debt by currency before effect of foreign exchange derivatives | 8 | ||
Net financial debt | 8 | ||
Morocco, Dirhams | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 465 | ||
Financial assets included in the calculation of net financial debt | (72) | ||
Net debt by currency before effect of foreign exchange derivatives | 393 | ||
Net financial debt | 393 | ||
Other Currency [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Gross financial debt after derivatives | 1,817 | ||
Financial assets included in the calculation of net financial debt | (1,179) | ||
Net debt by currency before effect of foreign exchange derivatives | 638 | ||
Effect of foreign exchange derivatives | (735) | ||
Net financial debt | € (96) |
Financial assets, liabilitie_12
Financial assets, liabilities and financial results (telecom activities) - TDIRA - General information (Details) € / shares in Units, € in Millions | Dec. 31, 2022 EUR (€) instrument € / shares | Dec. 31, 2021 EUR (€) instrument | May 11, 2021 EUR (€) | Dec. 31, 2020 EUR (€) instrument | Jan. 01, 2010 | Feb. 24, 2003 EUR (€) |
Disclosure of detailed information about borrowings [line items] | ||||||
Initial nominal value | € 500 | |||||
Number of TDIRA outstanding | instrument | 44,880 | |||||
Conversion price (in euros per share) | € / shares | € 22.919 | |||||
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 | 44,880 | 44,880 | |||
Number of shares issued on conversion of one bond | 615.216 | 300 | ||||
Equity component before deferred taxes | € 152 | € 152 | € 152 | |||
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 results (telecom activities) - TDIRA - Tabular disclosure (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) instrument | Dec. 31, 2021 EUR (€) instrument | Dec. 31, 2020 EUR (€) 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 | 44,880 | 44,880 |
Equity component before deferred taxes | € 152 | € 152 | € 152 |
Debt component | 638 | 636 | 636 |
Accrued interests not yet due | 6 | 3 | 3 |
Paid interest | € 16 | € 13 | € 14 |
Financial assets, liabilitie_14
Financial assets, liabilities and financial results (telecom activities) - Bonds - Initial notional amount (Details) € in Millions, د.م. in Millions, £ in Millions, XOF in Millions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 XOF | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 MAD (د.م.) | May 11, 2021 EUR (€) |
Disclosure of detailed information about borrowings [line items] | |||||
Initial nominal value | € 500 | ||||
Bonds maturing May 18, 2032 [member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Initial nominal value | € 500 | ||||
Bonds Maturing June 3, 2026 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Initial nominal value | 1,200 | XOF 300 | د.م. 300 | ||
Bonds maturing June 3, 2026 Variable Rate [member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Initial nominal value | د.م. | 1,200 | ||||
Bonds maturing November 16, 2031 [member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Initial nominal value | 750 | ||||
Bonds maturing September 16, 2022 [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 December 18, 2025, 3.97 percent [member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Initial nominal value | 1,090 | 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 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 | د.م. 788 |
Financial assets, liabilitie_15
Financial assets, liabilities and financial results (telecom activities) - Bonds - Issues and repayments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | May 11, 2021 | Mar. 31, 2014 | |
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1.375% | ||
Total of issuances | € 1,390 | ||
Total of repayments | € (572) | ||
Bonds Maturing June 29 2034 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.75% | ||
Bonds maturing March 1, 2023 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 2.50% | ||
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% | ||
Bonds maturing September 12, 2025 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1% | ||
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 June 29, 2026 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0% | ||
Bonds maturing September 4, 2026 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0% | ||
Bonds maturing November 30, 2026 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 4.125% | ||
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% | ||
Bonds maturing July 15, 2027 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 6.50% | ||
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% | ||
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% | ||
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% | ||
Bonds maturing March 1, 2031 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 9% | 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% | ||
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% | ||
Bonds maturing May 18, 2032 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 2.375% | ||
Total of issuances | € 500 | ||
Bonds maturing November 16, 2031 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.625% | ||
Total of issuances | € 750 | ||
Bonds maturing September 16, 2022 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 3.375% | ||
Total of repayments | € (500) | ||
Bonds maturing September 11, 2023 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.75% | ||
Total of repayments | € (7) | ||
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 | € (15) | ||
Bonds maturing December 18, 2025, variable rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 1% | ||
Total of repayments | € (10) | ||
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% | ||
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] | |||
Interest rate (as a percent) | 0.85% | ||
Total of repayments | € (11) | ||
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 June 3, 2026 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 2.60% | ||
Total of issuances | € 28 | ||
Total of repayments | € (4) | ||
Bonds maturing June 3, 2026 Variable Rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate (as a percent) | 0.55% | ||
Total of issuances | € 112 | ||
Total of repayments | € (14) | ||
Bonds maturing June 3, 2026 Variable Rate [member] | One year BDT rate [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate adjustment (as a percent) | 0.55% |
Financial assets, liabilitie_16
Financial assets, liabilities and financial results (telecom activities) - Bonds - Outstanding amount (Details) € in Millions, د.م. in Millions, £ in Millions, kr in Millions, XOF in Millions, SFr in Millions, $ in Millions, $ in Millions | 12 Months Ended | |||||||||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 XOF | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 MAD (د.م.) | Dec. 31, 2022 HKD ($) | Dec. 31, 2022 NOK (kr) | Dec. 31, 2022 CHF (SFr) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | May 11, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Mar. 31, 2014 | |
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Interest rate (as a percent) | 1.375% | |||||||||||
Notional amount | € 500 | |||||||||||
Bond Matured In 2017 | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Interest rate (as a percent) | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | ||||
Bond Matured In November 2023 | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Interest rate (as a percent) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | ||||
Bond Matured In 2023 | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Bonds Variable Interest Rate Cap | 4% | |||||||||||
Bonds Variable Interest Rate Floor | 0% | |||||||||||
Bonds Matured in beyond 2023 | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Bonds Variable Interest Rate Cap | 5% | |||||||||||
Bonds, financial liabilities [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 29,654 | € 28,737 | € 29,524 | |||||||||
Accrued interest | 454 | 445 | 487 | |||||||||
Amortized cost | (164) | (172) | (163) | |||||||||
Total debt amount in statement of financial position | 29,943 | 29,010 | 29,848 | |||||||||
Bonds matured before end of current fiscal year | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | 500 | 4,282 | ||||||||||
Bonds Maturing June 29, 2026 [Member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 700 | 700 | ||||||||||
Interest rate (as a percent) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | ||||
Notional amount | € 700 | |||||||||||
Bonds maturing September 16, 2022 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Interest rate (as a percent) | 3.375% | 3.375% | 3.375% | 3.375% | 3.375% | 3.375% | 3.375% | 3.375% | ||||
Notional amount | € 500 | |||||||||||
Bonds maturing March 1, 2023 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 500 | 500 | 500 | |||||||||
Interest rate (as a percent) | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% | ||||
Notional amount | € 500 | |||||||||||
Bonds maturing September 11, 2023 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 744 | 750 | 750 | |||||||||
Interest rate (as a percent) | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing October 6, 2023 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 84 | 79 | 74 | |||||||||
Interest rate (as a percent) | 3.23% | 3.23% | 3.23% | 3.23% | 3.23% | 3.23% | 3.23% | 3.23% | ||||
Notional amount | $ | $ 700 | |||||||||||
Bonds maturing December 22, 2023 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 49 | 46 | 43 | |||||||||
Interest rate (as a percent) | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% | ||||
Notional amount | $ | $ 410 | |||||||||||
Bonds maturing January 9, 2024 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 650 | 650 | 650 | |||||||||
Interest rate (as a percent) | 3.125% | 3.125% | 3.125% | 3.125% | 3.125% | 3.125% | 3.125% | 3.125% | ||||
Notional amount | € 650 | |||||||||||
Bonds maturing July 15, 2024 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 1,250 | 1,250 | 1,250 | |||||||||
Interest rate (as a percent) | 1.125% | 1.125% | 1.125% | 1.125% | 1.125% | 1.125% | 1.125% | 1.125% | ||||
Notional amount | € 1,250 | |||||||||||
Bonds maturing May 12, 2025 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 750 | 750 | 750 | |||||||||
Interest rate (as a percent) | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing September 12, 2025 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 800 | 800 | 800 | |||||||||
Interest rate (as a percent) | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | ||||
Notional amount | € 800 | |||||||||||
Bonds maturing September 17, 2025 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 48 | 50 | 48 | |||||||||
Interest rate (as a percent) | 3.35% | 3.35% | 3.35% | 3.35% | 3.35% | 3.35% | 3.35% | 3.35% | ||||
Notional amount | kr | kr 500 | |||||||||||
Bonds maturing November 24, 2025 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 406 | 387 | 370 | |||||||||
Interest rate (as a percent) | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | ||||
Notional amount | SFr | SFr 400 | |||||||||||
Bonds maturing December 5, 2025 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 296 | 312 | 292 | |||||||||
Interest rate (as a percent) | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | ||||
Notional amount | £ | £ 350 | |||||||||||
Bonds maturing December 18, 2025, 3.97 percent [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 42 | 59 | 72 | |||||||||
Interest rate (as a percent) | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% | ||||
Notional amount | € 1,090 | د.م. 1,090 | ||||||||||
Bonds maturing December 18, 2025, variable rate [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 28 | 39 | 47 | |||||||||
Interest rate (as a percent) | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | ||||
Notional amount | £ 720 | د.م. 720 | ||||||||||
Bonds maturing June 3, 2026, 2.600 percent [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 24 | |||||||||||
Interest rate (as a percent) | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | ||||
Notional amount | د.م. | د.م. 300 | |||||||||||
Bonds maturing June 3, 2026 Variable Rate [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 94 | |||||||||||
Interest rate (as a percent) | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% | ||||
Notional amount | د.م. | د.م. 1,200 | |||||||||||
Bonds maturing September 4, 2026 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 750 | 750 | 750 | |||||||||
Interest rate (as a percent) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing November 30, 2026 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 75 | 75 | 75 | |||||||||
Interest rate (as a percent) | 4.125% | 4.125% | 4.125% | 4.125% | 4.125% | 4.125% | 4.125% | 4.125% | ||||
Notional amount | € 75 | |||||||||||
Bonds maturing December 10, 2026 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 51 | 68 | 79 | |||||||||
Interest rate (as a percent) | 3.40% | 3.40% | 3.40% | 3.40% | 3.40% | 3.40% | 3.40% | 3.40% | ||||
Notional amount | € 1,002 | د.م. 1,002 | ||||||||||
Bonds maturing December 10, 2026, variable rate [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 40 | 54 | 62 | |||||||||
Interest rate (as a percent) | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% | ||||
Notional amount | € 788 | د.م. 788 | ||||||||||
Bonds maturing February 3, 2027 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 750 | 750 | 750 | |||||||||
Interest rate (as a percent) | 0.875% | 0.875% | 0.875% | 0.875% | 0.875% | 0.875% | 0.875% | 0.875% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing July 7, 2027 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 750 | 750 | 750 | |||||||||
Interest rate (as a percent) | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing July 15, 2027 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 152 | 152 | 152 | |||||||||
Interest rate (as a percent) | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | ||||
Notional amount | XOF | XOF 100,000 | |||||||||||
Bonds maturing September 9, 2027 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 500 | 500 | 500 | |||||||||
Interest rate (as a percent) | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | ||||
Notional amount | € 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 | |||||||||
Interest rate (as a percent) | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | ||||
Notional amount | € 1,000 | |||||||||||
Bonds maturing April 11, 2028 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 50 | 50 | 50 | |||||||||
Interest rate (as a percent) | 3.22% | 3.22% | 3.22% | 3.22% | 3.22% | 3.22% | 3.22% | 3.22% | ||||
Notional amount | € 50 | |||||||||||
Bonds maturing July 24, 2028 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 76 | 80 | 76 | |||||||||
Interest rate (as a percent) | 2.955% | 2.955% | 2.955% | 2.955% | 2.955% | 2.955% | 2.955% | 2.955% | ||||
Notional amount | kr | kr 800 | |||||||||||
Bonds maturing November 20, 2028 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 564 | 595 | 556 | |||||||||
Interest rate (as a percent) | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | ||||
Notional amount | £ | £ 500 | |||||||||||
Bonds maturing January 15, 2029 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 1,250 | 1,250 | 1,250 | |||||||||
Interest rate (as a percent) | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% | ||||
Notional amount | € 1,250 | |||||||||||
Bonds maturing April 11, 2029 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 150 | 150 | 150 | |||||||||
Interest rate (as a percent) | 3.30% | 3.30% | 3.30% | 3.30% | 3.30% | 3.30% | 3.30% | 3.30% | ||||
Notional amount | € 150 | |||||||||||
Bonds maturing June 22, 2029 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 102 | 97 | 93 | |||||||||
Interest rate (as a percent) | 0.625% | 0.625% | 0.625% | 0.625% | 0.625% | 0.625% | 0.625% | 0.625% | ||||
Notional amount | SFr | SFr 100 | |||||||||||
Bonds maturing September 16, 2029 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 500 | 500 | 500 | |||||||||
Interest rate (as a percent) | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | ||||
Notional amount | € 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 | |||||||||
Interest rate (as a percent) | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | ||||
Notional amount | € 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 | |||||||||
Interest rate (as a percent) | 1.875% | 1.875% | 1.875% | 1.875% | 1.875% | 1.875% | 1.875% | 1.875% | ||||
Notional amount | € 1,200 | |||||||||||
Bonds maturing September 17, 2030 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 105 | 105 | 105 | |||||||||
Interest rate (as a percent) | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% | ||||
Notional amount | € 105 | |||||||||||
Bonds maturing November 6, 2030 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 100 | 100 | 100 | |||||||||
Interest rate (as a percent) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | ||||
Notional amount | € 100 | |||||||||||
Bonds maturing March 1, 2031 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | 2,308 | 2,173 | 2,006 | |||||||||
Total debt amount in statement of financial position | € 2,300 | $ 2,500 | ||||||||||
Interest rate (as a percent) | 9% | 9% | 9% | 9% | 9% | 9% | 9% | 9% | 8.75% | |||
Notional amount | $ | $ 2,500 | |||||||||||
Bonds maturing May 29, 2031 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 300 | 300 | 300 | |||||||||
Interest rate (as a percent) | 1.342% | 1.342% | 1.342% | 1.342% | 1.342% | 1.342% | 1.342% | 1.342% | ||||
Notional amount | € 300 | |||||||||||
Bonds maturing December 5, 2031 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 79 | 75 | 72 | |||||||||
Interest rate (as a percent) | 4.30% | 4.30% | 4.30% | 4.30% | 4.30% | 4.30% | 4.30% | 4.30% | ||||
Notional amount | € 50 | |||||||||||
Bonds maturing November 16, 2031 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 750 | |||||||||||
Interest rate (as a percent) | 3.625% | 3.625% | 3.625% | 3.625% | 3.625% | 3.625% | 3.625% | 3.625% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing December 8, 2031 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 80 | 77 | 73 | |||||||||
Interest rate (as a percent) | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | ||||
Notional amount | € 50 | |||||||||||
Bonds maturing January 5, 2032 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 77 | 74 | 71 | |||||||||
Interest rate (as a percent) | 4.45% | 4.45% | 4.45% | 4.45% | 4.45% | 4.45% | 4.45% | 4.45% | ||||
Notional amount | € 50 | |||||||||||
Bonds maturing January 15, 2032 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 846 | 893 | 834 | |||||||||
Interest rate (as a percent) | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing April 7, 2032 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 750 | 750 | 750 | |||||||||
Interest rate (as a percent) | 1.625% | 1.625% | 1.625% | 1.625% | 1.625% | 1.625% | 1.625% | 1.625% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing May 18, 2032 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 500 | |||||||||||
Interest rate (as a percent) | 2.375% | 2.375% | 2.375% | 2.375% | 2.375% | 2.375% | 2.375% | 2.375% | ||||
Notional amount | € 500 | |||||||||||
Bonds maturing September 4, 2032 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 1,000 | 1,000 | 1,000 | |||||||||
Interest rate (as a percent) | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | ||||
Notional amount | € 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 | |||||||||
Interest rate (as a percent) | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | 8.125% | ||||
Notional amount | € 1,500 | |||||||||||
Bonds maturing September 30, 2033 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 55 | 55 | 55 | |||||||||
Interest rate (as a percent) | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | ||||
Notional amount | € 55 | |||||||||||
Bonds Maturing December 16, 2033 [Member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 1,000 | 1,000 | ||||||||||
Interest rate (as a percent) | 0.625% | 0.625% | 0.625% | 0.625% | 0.625% | 0.625% | 0.625% | 0.625% | ||||
Notional amount | € 1,000 | |||||||||||
Bonds maturing January 23, 2034 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 564 | 595 | 556 | |||||||||
Interest rate (as a percent) | 5.625% | 5.625% | 5.625% | 5.625% | 5.625% | 5.625% | 5.625% | 5.625% | ||||
Notional amount | £ | £ 500 | |||||||||||
Bonds maturing June 12, 2034 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 113 | 106 | 99 | |||||||||
Interest rate (as a percent) | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% | ||||
Notional amount | € 939 | |||||||||||
Bonds Maturing June 29 2034 [Member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 800 | 800 | ||||||||||
Interest rate (as a percent) | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% | ||||
Notional amount | € 800 | |||||||||||
Bonds maturing July 11, 2034 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 300 | 300 | 300 | |||||||||
Interest rate (as a percent) | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | ||||
Notional amount | € 300 | |||||||||||
Bonds maturing April 16, 2038 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 50 | 50 | 50 | |||||||||
Interest rate (as a percent) | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | ||||
Notional amount | € 50 | |||||||||||
Bonds maturing January 13, 2042 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 844 | 795 | 733 | |||||||||
Interest rate (as a percent) | 5.375% | 5.375% | 5.375% | 5.375% | 5.375% | 5.375% | 5.375% | 5.375% | ||||
Notional amount | € 900 | |||||||||||
Bonds maturing February 6, 2044 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 797 | 750 | 693 | |||||||||
Interest rate (as a percent) | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | ||||
Notional amount | € 850 | |||||||||||
Bonds maturing September 4, 2049 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 750 | 750 | 750 | |||||||||
Interest rate (as a percent) | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | 1.375% | ||||
Notional amount | € 750 | |||||||||||
Bonds maturing November 22, 2050 [member] | ||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||
Outstanding amount of bond | € 564 | € 595 | € 556 | |||||||||
Interest rate (as a percent) | 5.375% | 5.375% | 5.375% | 5.375% | 5.375% | 5.375% | 5.375% | 5.375% | ||||
Notional amount | £ | £ 500 |
Financial assets, liabilitie_17
Financial assets, liabilities and financial results (telecom activities) - Loans from development organizations and multilateral lending institutions - Tabular disclosure (Details) € in Millions, د.م. in Millions, £ in Millions, $ in Millions, XAF in Billions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 MAD (د.م.) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 XAF | Dec. 31, 2021 EUR (€) | May 11, 2021 EUR (€) | Dec. 31, 2020 EUR (€) |
Disclosure of detailed information about borrowings [line items] | ||||||||
Notional amount | € 500 | |||||||
Medi Telecom [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Notional amount | € 183 | د.م. 2,043 | ||||||
Orange Cote d'Ivoire [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Notional amount | 252 | |||||||
Orange Egypt for Telecommunications and subsidiaries [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Notional amount | 160 | £ 1,750 | $ 101 | |||||
Orange Cameroun [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Notional amount | 35 | XAF 23 | ||||||
Orange SA [Member] | Parent Company [Member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 2,087 | € 2,101 | € 2,288 | |||||
Bank loans and from development organizations and multilateral lending institutions [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 3,309 | 3,206 | 3,671 | |||||
Bank loans [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 1,222 | 1,105 | 1,384 | |||||
Bank loans [member] | Sonatel [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 266 | 244 | 292 | |||||
Bank loans [member] | Medi Telecom [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 183 | 167 | 220 | |||||
Bank loans [member] | Orange Cote d'Ivoire [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 253 | 140 | 172 | |||||
Bank loans [member] | Orange Egypt for Telecommunications and subsidiaries [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 163 | 137 | 163 | |||||
Bank loans [member] | Orange Mali [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 201 | 207 | 227 | |||||
Bank loans [member] | Orange Cameroun [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 36 | 78 | 111 | |||||
Bank loans [member] | Orange Jordanie | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 35 | 49 | 61 | |||||
Bank loans [member] | Orange Bail | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 12 | 3 | ||||||
Bank loans [member] | Orange Madagascar | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 12 | 18 | 19 | |||||
Bank loans [member] | Orange Polska S.A. | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 10 | 6 | 1 | |||||
Bank loans [member] | Orange Burkina Faso [member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 36 | 42 | 56 | |||||
Bank loans [member] | Other subsidiaries [Member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | 15 | 15 | 61 | |||||
Loans from development organizations and multilateral lending institutions [member] | Parent Company [Member] | ||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||
Outstanding amount | € 2,087 | € 2,101 | 2,288 | |||||
Notional amount | € 350 |
Financial assets, liabilitie_18
Financial assets, liabilities and financial results (telecom activities) - Loans from development organizations and multilateral lending institutions - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | May 11, 2021 | |
Disclosure of detailed information about borrowings [line items] | |||
Initial nominal value | € 500 | ||
Loans from development organizations and multilateral lending institutions [member] | Parent Company [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Initial nominal value | € 350 | ||
Loan redeemed at maturity | € 190 | € 400 |
Financial assets, liabilitie_19
Financial assets, liabilities and financial results (telecom activities) - Financial assets - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of financial assets [line items] | ||||
Non-current | € 977 | € 950 | € 1,516 | |
Current | 4,541 | 2,313 | 3,259 | |
Operating segments [member] | Telecom activities, operating segment [member] | ||||
Disclosure of financial assets [line items] | ||||
Non-current | 1,004 | |||
Current | 4,541 | |||
Total financial assets | 5,545 | 3,290 | 4,803 | |
Operating segments [member] | Telecom activities, operating segment [member] | Financial assets at fair value, class [member] | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | 5,545 | 3,291 | 4,803 | |
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 financial assets | 419 | |||
Total financial assets | 419 | 431 | 431 | |
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 | 421 | 432 | ||
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 financial assets | 419 | |||
Total financial assets | 419 | 431 | 431 | |
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 | 419 | 432 | 431 | € 277 |
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 financial assets | 243 | |||
Current financial assets | 4,502 | |||
Total financial assets | 4,745 | 2,496 | 3,990 | |
Financial assets at fair value through profit or loss, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Trading securities [member] | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | 4,500 | 2,266 | ||
Current financial assets | 4,500 | |||
Total financial assets | 4,500 | 2,266 | 3,206 | |
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 | 205 | 203 | 141 | |
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] | ||||
Total financial assets | 38 | 27 | 642 | |
Non-current financial assets | 38 | |||
Total financial assets | 38 | 27 | 642 | |
Financial assets at fair value through profit or loss, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | Other financial assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Current financial assets | 2 | |||
Total financial assets | 2 | |||
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] | ||||
Total financial assets | 205 | 203 | 141 | € 133 |
Non-current financial assets | 206 | |||
Total financial assets | 206 | 203 | 141 | |
Financial assets at amortised cost, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | 381 | |||
Non-current financial assets | 342 | |||
Current financial assets | 39 | |||
Total financial assets | 381 | 363 | 382 | |
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 | 363 | |||
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 financial assets | 77 | |||
Current financial assets | 28 | |||
Total financial assets | 106 | 105 | 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 financial assets | 264 | |||
Current financial assets | 11 | |||
Total financial assets | € 275 | € 258 | 327 | |
Loans and receivables, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | 3,206 | |||
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 | 382 | |||
Financial assets available-for-sale, category [member] | Operating segments [member] | Telecom activities, operating segment [member] | ||||
Disclosure of financial assets [line items] | ||||
Total financial assets | € 431 |
Financial assets, liabilitie_20
Financial assets, liabilities and financial results (telecom activities) - Financial assets - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Jul. 05, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | ||||
Gains (losses) recognised in other comprehensive income | € (116) | € 9 | € 94 | |
Odyssey Music Group (Deezer) | ||||
Disclosure of financial assets [line items] | ||||
Gains on disposals of investments | € 77 | |||
Decrease in fair value recognized in other comprehensive income | € 77 | € (54) |
Financial assets, liabilitie_21
Financial assets, liabilities and financial results (telecom activities) - Equity securities FVOCI - Reconciliation (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | € 3,290 | € 4,803 | |
Financial assets at end of period | 5,545 | 3,290 | € 4,803 |
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 | 432 | 431 | 277 |
Acquisitions | 98 | 85 | 81 |
Changes in fair value | 108 | (11) | (94) |
Sales | 7 | 95 | 20 |
Other items | 3 | (2) | |
Financial assets at end of period | € 419 | € 432 | € 431 |
Financial assets, liabilitie_22
Financial assets, liabilities and financial results (telecom activities) - Equity securities FV - Reconciliation (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Financial assets at beginning of period | € 3,290 | € 4,803 | |
Financial assets at end of period | 5,545 | 3,290 | € 4,803 |
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 | 203 | 141 | 133 |
Changes in fair value | 10 | 34 | 8 |
Other items | (8) | 27 | |
Financial assets at end of period | € 205 | € 203 | € 141 |
Financial assets, liabilitie_23
Financial assets, liabilities and financial results (telecom activities) - BT securities (Details) € in Millions | May 11, 2021 EUR (€) |
Disclosure of financial assets [line items] | |
Notional amount | € 500 |
Interest rate (as a percent) | 1.375% |
Financial assets, liabilitie_24
Financial assets, liabilities and financial results (telecom activities) - Market value of derivatives - Components (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Hedging derivatives | € 893 | € 484 | € (311) |
Derivatives held for trading | 176 | (79) | (199) |
Net derivatives | 1,069 | 405 | (510) |
Cash flow hedges [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Hedging derivatives | € 893 | € 484 | € (311) |
Financial assets, liabilitie_25
Financial assets, liabilities and financial results (telecom activities) - Market value of derivatives - Additional information (Details) - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Economic hedges [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Foreign exchange effect | € (140) | € (90) | |
Telecom activities, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives held for trading | 176 | (79) | € (199) |
Telecom activities, operating segment [member] | Currency swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Foreign exchange effect | 694 | 657 | 251 |
Telecom activities, operating segment [member] | Economic hedges [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives held for trading | € (70) | € (165) | € (210) |
Financial assets, liabilitie_26
Financial assets, liabilities and financial results (telecom activities) - Cash flow hedges (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount | € 893 | € 484 | € (311) |
Carrying amount - asset | 1,065 | 576 | 223 |
Carrying amount - liability | (172) | (91) | (534) |
Change in cash flow hedge reserve | 288 | 317 | 22 |
Gain (loss) recognized in other comprehensive income | 304 | 358 | 3 |
Reclassification in financial result | (19) | (38) | 21 |
Reclassification in operating income for the period | (1) | 1 | |
Reclassification in initial carrying amount of hedged item | 4 | (3) | (3) |
Cash flow hedge reserve | 497 | 210 | (100) |
o/w related to unmatured hedging instruments | 114 | (192) | (541) |
o/w related to discontinued hedges | 383 | 402 | 440 |
Currency swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount - asset | 1,002 | 575 | 216 |
Carrying amount - liability | (156) | (76) | (502) |
Change in cash flow hedge reserve | 225 | 311 | 6 |
Gain (loss) recognized in other comprehensive income | 244 | 347 | (16) |
Reclassification in financial result | (19) | (36) | 22 |
Cash flow hedge reserve | 457 | 220 | (91) |
o/w related to unmatured hedging instruments | 74 | (181) | (532) |
o/w related to discontinued hedges | 383 | 402 | 440 |
Forward foreign exchange swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount - asset | 3 | 1 | 6 |
Carrying amount - liability | (11) | (1) | |
Change in cash flow hedge reserve | (6) | (2) | 5 |
Gain (loss) recognized in other comprehensive income | (8) | 3 | 8 |
Reclassification in financial result | (2) | (1) | |
Reclassification in operating income for the period | (1) | 1 | |
Reclassification in initial carrying amount of hedged item | 4 | (3) | (3) |
Cash flow hedge reserve | (4) | (9) | 2 |
o/w related to unmatured hedging instruments | (4) | (9) | 2 |
Interest rate swap contract [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount - asset | 1 | ||
Carrying amount - liability | (5) | (14) | (31) |
Change in cash flow hedge reserve | 9 | 9 | 11 |
Gain (loss) recognized in other comprehensive income | 9 | 9 | 11 |
Cash flow hedge reserve | (5) | (2) | (11) |
o/w related to unmatured hedging instruments | (5) | € (2) | € (11) |
Commodity swap | |||
Disclosure of detailed information about financial instruments [line items] | |||
Carrying amount - asset | 74 | ||
Change in cash flow hedge reserve | 60 | ||
Gain (loss) recognized in other comprehensive income | 59 | ||
Cash flow hedge reserve | 49 | ||
o/w related to unmatured hedging instruments | € 49 |
Financial assets, liabilitie_27
Financial assets, liabilities and financial results (telecom activities) - Cash flow hedge - By maturities and currencies (Details) € in Millions, £ in Millions, zł in Millions, kr in Millions, $ in Millions, $ in Millions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 HKD ($) | Dec. 31, 2022 NOK (kr) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 PLN (zł) | May 11, 2021 EUR (€) |
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | € | € 500 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Currency swap contract [member] | United Kingdom, Pounds | Later than two years and not later than three years [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | £ | £ 262 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Currency swap contract [member] | United Kingdom, Pounds | Later than four years [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | £ | £ 2,250 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Currency swap contract [member] | Hong Kong, Dollars | Not later than one year [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | $ | $ 1,110 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [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 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Currency swap contract [member] | Norway, Krone | Later than two years and not later than three years [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | kr | kr 500 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [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 800 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [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 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Interest rate swap contract [member] | Euro Member Countries, Euro | Later than four years [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | € | € 100 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | FX Forward | United States of America, Dollars | Not later than one year [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | $ | $ 130 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Commodity swap | Poland, Zlotych | Not later than one year [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | zł 27.3 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Commodity swap | Poland, Zlotych | Later than one year and not later than two years [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | 60.7 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Commodity swap | Poland, Zlotych | Later than two years and not later than three years [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | 62.4 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Commodity swap | Poland, Zlotych | Later than three years and not later than four years [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | 29.7 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Parent Company [Member] | Cash flow hedges [member] | Commodity swap | Poland, Zlotych | Later than four years [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | zł 95.3 |
Financial assets, liabilitie_28
Financial assets, liabilities and financial results (telecom activities) - Cash flow hedge - Additional information (Details) € in Millions, £ in Millions, kr in Millions, SFr in Millions, $ in Millions, $ in Millions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 HKD ($) | Dec. 31, 2022 NOK (kr) | Dec. 31, 2022 CHF (SFr) | Dec. 31, 2022 USD ($) | May 11, 2021 EUR (€) |
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | € | € 500 | ||||||
Telecom activities, operating segment [member] | Operating segments [member] | Later than twelve years and not later than thirteen years [member] | United Kingdom, Pounds | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | £ | £ 750 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than nine years and not later than ten years [member] | Switzerland, Francs | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | SFr | SFr 100 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than nine years and not later than ten years [member] | United Kingdom, Pounds | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | £ | 500 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than nine years and not later than ten years [member] | Norway, Krone | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | kr | kr 800 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than twelve years and not later than thirteen years [member] | Euro Member Countries, Euro | Interest rate swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | € | € 100 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than thirteen years and not later than fourteen years [member] | United States of America, Dollars | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | $ 2,450 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than fourteen years and not later than fifteen years [member] | United Kingdom, Pounds | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | £ | 500 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than fourteen years and not later than fifteen years [member] | Hong Kong, Dollars | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | $ 939 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than twenty-four years and not later than twenty-five years [member] | United States of America, Dollars | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | 900 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than twenty-six years and not later than twenty-seven years [member] | United States of America, Dollars | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | 850 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than thirty-two years and not later than thirty-three years [member] | United Kingdom, Pounds | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | £ | 500 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Not later than one year [member] | Hong Kong, Dollars | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | 1,110 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Not later than one year [member] | United States of America, Dollars | FX Forward | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | 130 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than two years and not later than three years [member] | Switzerland, Francs | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | SFr | 400 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than two years and not later than three years [member] | United Kingdom, Pounds | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | £ | 262 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than two years and not later than three years [member] | Norway, Krone | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | kr | 500 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than four years [member] | Switzerland, Francs | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | SFr | SFr 100 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than four years [member] | United Kingdom, Pounds | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | £ | £ 2,250 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than four years [member] | Hong Kong, Dollars | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | $ 939 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than four years [member] | Norway, Krone | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | kr | kr 800 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than four years [member] | United States of America, Dollars | Currency swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | $ 4,200 | ||||||
Parent Company [Member] | Telecom activities, operating segment [member] | Operating segments [member] | Later than four years [member] | Euro Member Countries, Euro | Interest rate swap contract [member] | Cash flow hedges [member] | |||||||
Disclosure of detailed information about financial instruments [line items] | |||||||
Notional amount | € | € 100 |
Financial assets, liabilitie_29
Financial assets, liabilities and financial results (telecom activities) - Fair value hedges (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [abstract] | |||
Proceeds from sales of investment securities, net of cash transferred | € 12 | € 891 | € 1 |
Information on market risk an_3
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Interest rate risk management (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Fixed rate component of gross financial debt (as a percent) | 96% | 94% | 89% |
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% | ||
Decrease in euro interest rates (as a percent) | 1% | ||
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 | € 13 | ||
Increase (decrease) in financial debt | 13 | ||
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 | (776) | ||
Increase (decrease) in financial debt | € 775 |
Information on market risk an_4
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Foreign exchange risk management (Details) € in Millions, £ in Millions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | May 11, 2021 EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Initial nominal value | € 500 | ||
ifrs Subordinated debt [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Initial nominal value | € 44 | £ 39 |
Information on market risk an_5
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Changes in foreign exchange rates (Details) - Currency risk [member] € in Millions | Dec. 31, 2022 EUR (€) |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | € (218) |
Increase in euro interest rates (as a percent) | 10% |
Decrease in euro interest rates (as a percent) | 10% |
Euro Member Countries, Euro | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | € (121) |
Increase in euro interest rates (as a percent) | 10% |
Decrease in euro interest rates (as a percent) | 10% |
United States of America, Dollars | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | € (106) |
United Kingdom, Pounds | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 2 |
Switzerland, Francs | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 1 |
Orange SA Business Unit Entreprise [member] | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 3 |
Orange SA Business Unit Entreprise [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 | 1 |
Orange SA Business Unit Entreprise [member] | United Kingdom, Pounds | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 2 |
Orange SA Business Unit Entreprise [member] | Switzerland, Francs | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | 1 |
Orange Polska and subsidiaries [member] | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | (127) |
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 | (121) |
Appreciation of sensitivity | 12 |
Depreciation of sensitivity | (14) |
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 | (6) |
Orange Egypt [Member] | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Exposure in currency units | (95) |
Orange Egypt [Member] | Euro Member Countries, Euro | |
Information on market risk and fair value of financial assets and liabilities (excluding Orange Bank) | |
Appreciation of sensitivity | 9 |
Depreciation of sensitivity | (11) |
Orange Egypt [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 | € (101) |
Information on market risk an_6
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Translation risk - Tabular disclosure (Details) - Translation risk [member] € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | € 60,254 |
Net debt including derivatives | 25,298 |
Net assets by currency | 34,956 |
Euro Member Countries, Euro | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 50,056 |
Net debt including derivatives | 24,178 |
Net assets by currency | € 25,878 |
Increase in euro interest rates (as a percent) | 10% |
Assets excluding net debt, appreciation | € (927) |
Net debt by currency including derivatives, appreciation | (102) |
Net assets by currency, appreciation | € (825) |
Decrease in euro interest rates (as a percent) | 10% |
Assets excluding net debt, depreciation | € 1,133 |
Net debt by currency including derivatives, depreciation | (124) |
Net assets by currency, depreciation | 1,009 |
United States of America, Dollars | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 224 |
Net debt including derivatives | (147) |
Net assets by currency | 371 |
United Kingdom, Pounds | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 70 |
Net debt including derivatives | (5) |
Net assets by currency | 74 |
Poland, Zlotych | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 3,388 |
Net debt including derivatives | 856 |
Net assets by currency | 2,532 |
Egypt, Pounds | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 781 |
Net debt including derivatives | 112 |
Net assets by currency | 669 |
Jordan, Dinars | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 541 |
Net debt including derivatives | 8 |
Net assets by currency | 533 |
Morocco, Dirhams | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 925 |
Net debt including derivatives | 393 |
Net assets by currency | 533 |
Other Currency [Member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Net assets excluding net debt | 4,269 |
Net debt including derivatives | (96) |
Net assets by currency | € 4,366 |
Information on market risk an_7
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Translation risk - Additional information (Details) € in Millions, £ in Millions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | May 11, 2021 EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Initial nominal value | € 500 | ||
Share of net assets attributable to owners of parent company | € 1,283 | ||
ifrs Subordinated debt [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Initial nominal value | € 44 | £ 39 |
Information on market risk an_8
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Translation risk - Income statement (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | € 43,471 | € 42,522 | € 42,270 |
Operating income | 4,801 | € 2,521 | € 5,521 |
Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 43,471 | ||
Reported EBITDA | 12,963 | ||
Operating income | 4,801 | ||
Euro Member Countries, Euro | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 31,400 | ||
Reported EBITDA | 9,389 | ||
Operating income | € 2,798 | ||
Increase in euro interest rates (as a percent) | 10% | ||
Revenues. appreciation | € (1,097) | ||
Reported EBITDA, appreciation | (325) | ||
Operating income, appreciation | € (182) | ||
Decrease in euro interest rates (as a percent) | 10% | ||
Revenues. depreciation | € 1,341 | ||
Reported EBITDA, depreciation | 397 | ||
Operating income, depreciation | 223 | ||
United States of America, Dollars | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 1,134 | ||
Reported EBITDA | 183 | ||
Operating income | 192 | ||
United Kingdom, Pounds | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 282 | ||
Reported EBITDA | 7 | ||
Operating income | (14) | ||
Poland, Zlotych | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 2,630 | ||
Reported EBITDA | 652 | ||
Operating income | 255 | ||
Egypt, Pounds | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 977 | ||
Reported EBITDA | 360 | ||
Operating income | 178 | ||
Jordan, Dinars | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 456 | ||
Reported EBITDA | 214 | ||
Operating income | 114 | ||
Morocco, Dirhams | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 672 | ||
Reported EBITDA | 202 | ||
Operating income | 61 | ||
Other Currency [Member] | Translation risk [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Revenue | 5,919 | ||
Reported EBITDA | 1,956 | ||
Operating income | € 1,216 |
Information on market risk an_9
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Liquidity risk management (Details) € in Millions | Nov. 23, 2022 EUR (€) item Options | May 11, 2021 EUR (€) | Dec. 31, 2016 EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Initial nominal value | € 500 | ||
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 | € 6,000 | € 6,000 | |
Number of international banks | item | 27 |
Information on market risk a_10
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Financial liabilities - Tabular disclosure (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | € 386 |
Derivative (assets) | (1,455) |
Other Comprehensive Income related to unmatured hedging instruments | 114 |
Gross financial debt after derivatives | 35,684 |
Trade payables | 11,552 |
Total financial liabilities (including derivatives assets) | 47,236 |
TDIRA [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 638 |
Bonds, financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 29,943 |
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 | 3,309 |
Debt relating to financed assets [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 316 |
Cash collateral received [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1,072 |
NEU Commercial Paper [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1,004 |
Bank Overdrafts [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 250 |
Other financial liabilities [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 105 |
Not later than one year [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | (93) |
Derivative (assets) | (53) |
Gross financial debt after derivatives | 5,852 |
Trade payables | 10,071 |
Total financial liabilities (including derivatives assets) | 15,923 |
Future interests on financial lease liabilities | 1,388 |
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 | 6 |
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 | 1,941 |
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 | 1,365 |
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 | 85 |
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 | 1,072 |
Not later than one year [member] | NEU Commercial Paper [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 1,001 |
Not later than one year [member] | Bank Overdrafts [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | 250 |
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 | 92 |
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 (assets) | (46) |
Gross financial debt after derivatives | 2,337 |
Trade payables | 217 |
Total financial liabilities (including derivatives assets) | 2,554 |
Future interests on financial lease liabilities | 1,054 |
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 | 2,010 |
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 | 281 |
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 | 91 |
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 | 1 |
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) | (30) |
Derivative (assets) | (69) |
Gross financial debt after derivatives | 3,212 |
Trade payables | 192 |
Total financial liabilities (including derivatives assets) | 3,404 |
Future interests on financial lease liabilities | 899 |
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 | 2,410 |
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 | 773 |
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 | 67 |
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) | (24) |
Gross financial debt after derivatives | 2,044 |
Trade payables | 168 |
Total financial liabilities (including derivatives assets) | 2,212 |
Future interests on financial lease liabilities | 741 |
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 | 1,595 |
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 | 424 |
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 | 48 |
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 (assets) | (9) |
Gross financial debt after derivatives | 2,493 |
Trade payables | 408 |
Total financial liabilities (including derivatives assets) | 2,901 |
Future interests on financial lease liabilities | 742 |
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 | 2,030 |
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 | 446 |
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 | 24 |
Later than five years [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Derivative (liabilities) | (50) |
Derivative (assets) | (773) |
Gross financial debt after derivatives | 19,443 |
Trade payables | 495 |
Total financial liabilities (including derivatives assets) | 19,938 |
Future interests on financial lease liabilities | 4,439 |
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 | 20,121 |
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 | 34 |
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 | 11 |
Undefined maturity [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Gross financial debt after derivatives | 456 |
Total financial liabilities (including derivatives assets) | 456 |
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 | (164) |
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 | (15) |
Undefined maturity [member] | NEU Commercial Paper [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Non-derivative financial liabilities | € 3 |
Information on market risk a_11
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Financial liabilities - Additional information (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of detailed information about financial instruments [abstract] | |
Notional and accrued interest | € 470 |
Future interest on bonds | 8,844 |
Future interest on bank loans | (1,529) |
Future interest on derivative instruments | € 110 |
Information on market risk a_12
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Liquidity position (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of detailed information about financial instruments [abstract] | |
Available undrawn amount of credit facilities | € 6,394 |
Investments at fair value | 4,500 |
Cash | 2,668 |
Cash equivalents | 3,178 |
Liquidity position | € 16,741 |
Information on market risk a_13
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Available undrawn credit facilities (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Available undrawn amount of credit facilities | € 6,394 |
Cash equivalents | 3,178 |
Investments at fair value | 4,500 |
UCITS | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Cash equivalents | 2,632 |
Term deposits | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Cash equivalents | 150 |
NEU Commercial Paper [member] | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Investments at fair value | 4,128 |
Bonds | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | |
Investments at fair value | 357 |
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 (telecom activities) - Credit ratings (Details) € in Millions, $ in Millions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 USD ($) | Nov. 23, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | May 11, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2016 EUR (€) | Mar. 31, 2014 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Interest rate (as a percent) | 1.375% | |||||||
Initial nominal value | € 500 | |||||||
Bonds, financial liabilities [member] | ||||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Outstanding amount | € 29,943 | € 29,010 | € 29,848 | |||||
Bonds maturing March 1, 2031 [member] | ||||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Outstanding amount | € 2,300 | $ 2,500 | ||||||
Interest rate (as a percent) | 9% | 9% | 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 (telecom activities) - Management of covenants (Details) € in Millions, د.م. in Millions, £ in Millions, $ in Millions, XAF in Billions | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 MAD (د.م.) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 XAF | Nov. 23, 2022 EUR (€) | May 11, 2021 EUR (€) | Dec. 31, 2016 EUR (€) |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Initial nominal value | € 500 | |||||||
Orange Egypt for Telecommunications and subsidiaries [member] | ||||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Initial nominal value | € 160 | £ 1,750 | $ 101 | |||||
Medi Telecom [member] | ||||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Initial nominal value | 183 | د.م. 2,043 | ||||||
Orange Cote d'Ivoire [member] | ||||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Initial nominal value | 252 | |||||||
Orange Cote d'Ivoire [member] | Switzerland, Francs | ||||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Initial nominal value | XAF | XAF 71 | |||||||
Orange Cameroun [member] | ||||||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||||||
Initial nominal value | € 35 | XAF 23 | ||||||
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 (telecom activities) - Effect of mechanisms to offset exposure (Details) - Counterparty risk [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Collateralised derivatives [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Derivatives (net) | € 1,014 | € 408 | € (520) |
Fair value of derivative assets | 1,374 | 690 | 283 |
Fair value of derivative liabilities | (360) | (282) | (803) |
Amount of cash collateral paid/(received) | (1,034) | (362) | 611 |
Amount of cash collateral paid | 38 | 27 | 642 |
Amount of cash collateral received | (1,072) | (389) | (31) |
Residual exposure to counterparty risk | (20) | 46 | 91 |
Non collateralised derivatives [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [line items] | |||
Derivatives (net) | 55 | (3) | 10 |
Fair value of derivative assets | 81 | 11 | |
Fair value of derivative liabilities | € (26) | € (3) | € (1) |
Information on market risk a_17
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Sensitivity analysis of cash collateral deposits (Details) € in Millions | Dec. 31, 2022 EUR (€) |
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% |
Decrease in euro interest rates (as a percent) | 1% |
Change in fair value of derivatives, appreciation | € 820 |
Change in fair value of derivatives, depreciation | (821) |
Amount of cash collateral received (paid), appreciation | (820) |
Amount of cash collateral received (paid), depreciation | € 821 |
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% |
Decrease in euro interest rates (as a percent) | 10% |
Change in fair value of derivatives, appreciation | € (1,065) |
Change in fair value of derivatives, depreciation | 1,302 |
Amount of cash collateral received (paid), appreciation | 1,065 |
Amount of cash collateral received (paid), depreciation | € (1,302) |
Information on market risk a_18
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Equity market risk (Details) - shares | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [abstract] | |||
Total treasury shares | 1,965,171 | 2,009,500 | 1,265,099 |
Information on market risk a_19
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Book value of financial assets (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | |||
Financial assets | € 5,545 | € 3,290 | € 4,803 |
Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,206 | ||
Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 431 | ||
Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 381 | ||
Trade receivables [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 5,645 | ||
Trade receivables [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 6,237 | 6,040 | |
Financial assets at fair value, class [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 5,545 | 3,291 | 4,803 |
Equity investments [member] | Financial assets at fair value through other comprehensive income, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 421 | 432 | |
Equity investments [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 205 | 203 | 141 |
Cash collateral paid [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 38 | 27 | 642 |
Trading securities [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 4,500 | 2,266 | |
Other financial assets including receivables related to investments [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 382 | ||
Other financial assets including receivables related to investments [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 363 | ||
Cash and Cash Equivalents [Member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 5,846 | 8,188 | 7,891 |
Cash Equivalents [Member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 5,140 | ||
Cash Equivalents [Member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,668 | ||
Cash Equivalents [Member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | € 3,178 | 5,479 | |
Cash [Member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | € 2,709 | ||
Cash [Member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | € 2,751 |
Information on market risk a_20
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Fair value of financial assets (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | € 3,206 | ||
Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 431 | ||
Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | € 381 | ||
Level 1 of fair value hierarchy [member] | Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 185 | ||
Level 2 of fair value hierarchy [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 3,206 | ||
Level 2 of fair value hierarchy [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 381 | ||
Level 3 of fair value hierarchy [member] | Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 247 | ||
Trade receivables [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,645 | ||
Trade receivables [member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 6,237 | € 6,040 | |
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 | 5,645 | ||
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 | 6,237 | 6,040 | |
Financial assets at fair value, class [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,545 | 3,291 | 4,803 |
Financial assets at fair value, class [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 65 | 55 | 185 |
Financial assets at fair value, class [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,124 | 2,859 | 4,372 |
Financial assets at fair value, class [member] | Level 3 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 355 | 377 | 247 |
Equity investments [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 205 | 203 | 141 |
Equity investments [member] | Financial assets at fair value through other comprehensive income, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 421 | 432 | |
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 | 65 | 55 | |
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 | 205 | 203 | 141 |
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 | 355 | 377 | |
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 | 38 | 27 | 642 |
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 | 38 | 27 | 642 |
Trading securities [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 4,500 | 2,266 | |
Trading securities [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 | 4,500 | 2,266 | |
Other financial assets including receivables related to investments [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 382 | ||
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 | 363 | ||
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 | 382 | ||
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 | 363 | ||
Cash and Cash Equivalents [Member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,846 | 8,188 | 7,891 |
Cash and Cash Equivalents [Member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,846 | 8,188 | 7,891 |
Cash Equivalents [Member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,140 | ||
Cash Equivalents [Member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 3,178 | 5,479 | |
Cash Equivalents [Member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 2,668 | ||
Cash Equivalents [Member] | Level 1 of fair value hierarchy [member] | Loans and receivables, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 5,140 | ||
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 | 3,178 | 5,479 | |
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 | € 2,668 | ||
Cash [Member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 2,751 | ||
Cash [Member] | Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, fair value | 2,709 | ||
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 | € 2,751 | ||
Cash [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 | € 2,709 |
Information on market risk a_21
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Book value of financial liabilities (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial liabilities [line items] | |||
Financial liabilities | € 36,638 | € 35,348 | € 35,260 |
Trade payables and fixed asset payables [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | 11,551 | 11,163 | 11,051 |
Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | 36,638 | 35,348 | 35,260 |
Financial debt at amortized cost [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities | 36,630 | 35,339 | 35,247 |
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 | € 8 | € 9 | € 14 |
Information on market risk a_22
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Fair value of financial liabilities (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Trade payables and fixed asset payables [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | € (11,551) | € (11,163) | € (11,051) |
Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (35,121) | (42,534) | (41,884) |
Financial debt at amortized cost [member] | Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (35,113) | (42,524) | (41,870) |
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 | (8) | (9) | (14) |
Level 1 of fair value hierarchy [member] | Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (27,681) | (33,058) | (34,708) |
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 | (27,681) | (33,058) | (34,708) |
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 | (11,551) | (11,163) | (11,051) |
Level 2 of fair value hierarchy [member] | Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (7,432) | (9,466) | (7,162) |
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 | (7,432) | (9,466) | (7,162) |
Level 3 of fair value hierarchy [member] | Financial liabilities at fair value, class [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | (8) | (9) | (14) |
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 | € (8) | € (9) | € (14) |
Information on market risk a_23
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Book value of derivatives, net (Details) - Telecom activities, operating segment [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives, net amount | € 1,069 | € 405 | € (510) |
Derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives, net amount | 1,069 | € (510) | |
Level 2 of fair value hierarchy [member] | Derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Derivatives, net amount | € 1,069 |
Information on market risk a_24
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Fair value of derivatives, net (Details) - Telecom activities, operating segment [member] - Derivatives [member] - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount, fair value | € 405 | € (510) |
Level 2 of fair value hierarchy [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount, fair value | € 405 | € (510) |
Information on market risk a_25
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Fair value of net financial debt (Details) - Operating segments [member] - Telecom activities, operating segment [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial liabilities [line items] | |||
Financial liabilities | € 36,638 | € 35,348 | € 35,260 |
Net financial debt [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities, fair value | 23,800 | 31,500 | 30,100 |
Financial liabilities | € 25,300 | € 24,300 | € 23,500 |
Information on market risk a_26
Information on market risk and fair value of financial assets and liabilities (telecom activities) - Level 3 market values for financial assets (Details) € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Reconciliation of changes in fair value measurement, assets [abstract] | |
Assets at beginning of period | € 108,071 |
Assets at end of period | 109,650 |
Operating segments [member] | Telecom activities, operating segment [member] | |
Reconciliation of changes in fair value measurement, assets [abstract] | |
Assets at beginning of period | 104,196 |
Assets at end of period | 105,807 |
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 | 377 |
Gains (losses) taken to profit or loss | (36) |
Gains (losses) taken to other comprehensive income | 19 |
Acquisition (sale) of securities | (7) |
Other | 2 |
Assets at end of period | € 355 |
Information on market risk a_27
Information on market risk and fair value of financial assets and liabilities (telecom activities) - 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, 2022 EUR (€) | |
Reconciliation of changes in fair value measurement, liabilities [abstract] | |
Liabilities at beginning of period | € (9) |
Gains (losses) taken to profit or loss | 1 |
Liabilities at end of period | € (8) |
Equity - General information (D
Equity - General information (Details) - EUR (€) | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of classes of share capital [line items] | |||||
Total equity | € 34,956,000,000 | € 35,361,000,000 | € 37,200,000,000 | € 34,561,000,000 | € 33,364,000,000 |
Shares issued (in shares) | 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] | |||||
Total equity | € 10,640,226,396 | € 10,640,000,000 | € 10,640,000,000 |
Equity - Voting rights (Details
Equity - Voting rights (Details) | Dec. 31, 2022 |
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) | 69.34% |
Shareholder ownership percentage of voting rights (as a percent) | 59.21% |
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) | 29.25% |
French State Group Employees [Member] | |
Disclosure of classes of share capital [line items] | |
Shareholder ownership percentage of share capital (as a percent) | 7.64% |
Shareholder ownership percentage of voting rights (as a percent) | 11.55% |
Treasury shares [member] | |
Disclosure of classes of share capital [line items] | |
Shareholder ownership percentage of share capital (as a percent) | 0.07% |
Equity - Changes in share capit
Equity - Changes in share capital (Details) | 12 Months Ended |
Dec. 31, 2022 shares | |
Equity. | |
New shares issued during the period (in shares) | 0 |
Equity - Treasury shares (Detai
Equity - Treasury shares (Details) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity. | |||
Valid authorization period from Shareholder's meeting for 2019 Buyback Program | 18 months | ||
Free share award plans | 1,285,171 | 2,009,500 | 1,095,099 |
Liquidity contract | 680,000 | 170,000 | |
Total treasury shares | 1,965,171 | 2,009,500 | 1,265,099 |
Equity - Dividends (Details)
Equity - Dividends (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Equity. | |||||
Interim dividend per share | € 0.30 | € 0.30 | € 0.40 | € 0.30 | |
Interim dividend | € 797 | € 797 | € 1,064 | € 796 | |
Dividend paid per share, balance for prior year | € 0.40 | € 0.50 | € 0.20 | € 0.40 | |
Dividends paid, relating to prior year | € 1,063 | € 1,330 | € 532 | € 1,061 | |
Dividends recognised as distributions to owners of parent | 1,861 | 2,127 | € 1,595 | € 1,857 | |
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity | € (10) | € (398) | [1] | ||
[1] Including the partial buy-out of minority interests in Orange Belgium and the buy-out of minority interests in Orange Bank (see Note 3.2). |
Equity - Subordinated notes - G
Equity - Subordinated notes - General information (Details) € in Millions, £ in Millions | 12 Months Ended | |||||||||||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2019 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2021 EUR (€) | May 11, 2021 EUR (€) | Oct. 15, 2020 EUR (€) | Dec. 12, 2019 EUR (€) | Sep. 19, 2019 EUR (€) | Apr. 15, 2019 EUR (€) | Oct. 01, 2014 EUR (€) tranche | Oct. 01, 2014 GBP (£) tranche | Feb. 07, 2014 EUR (€) tranche | Feb. 07, 2014 GBP (£) tranche | |
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 500 | |||||||||||||
Rate | 1.375% | |||||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||||
Second step-up interest rate adjustment (as a percent) | 1% | |||||||||||||
Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 | € 2 | € (21) | ||||||||||||
Subordinated notes | € 4,950 | 5,803 | € 5,497 | |||||||||||
Top of range [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Equity component percentage assigned by some rating agencies (as a percent) | 50% | 50% | ||||||||||||
Bottom of range [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Equity component percentage assigned by some rating agencies (as a percent) | 0% | 0% | ||||||||||||
ifrs Subordinated debt [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 44 | £ 39 | ||||||||||||
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 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] | ||||||||||||||
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 Debt, 5.88 Percent, Issued February 2014 [Member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 782 | £ 650 | ||||||||||||
Rate | 5.88% | 5.88% | ||||||||||||
Subordinated notes | 514 | |||||||||||||
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% | 4% | ||||||||||||
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 | |||||||||||||
Subordinated Debt, 5 Percent, Issued October 2014 [Member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 1,250 | |||||||||||||
Rate | 5% | 5% | ||||||||||||
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 | 547 | ||||||||||||
Subordinated debt, 2.375 percent, issued April 2019 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 1 | € 1,000 | ||||||||||||
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 debt, 2.38 percent, issued April 2019 [member] | ||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||
Initial nominal value | € 1,000 | |||||||||||||
Rate | 2.38% | |||||||||||||
Subordinated notes | 1,000 | 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 | 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 | € 700 | € 700 |
Equity - Subordinated notes - T
Equity - Subordinated notes - Tabular disclosure - General information (Details) € in Millions, £ in Millions, $ in Millions | 12 Months Ended | ||||||||||||||||
Nov. 05, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2021 EUR (€) | Nov. 05, 2021 EUR (€) | May 11, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Oct. 15, 2020 EUR (€) | Dec. 12, 2019 EUR (€) | Sep. 19, 2019 EUR (€) | Apr. 15, 2019 EUR (€) | Oct. 01, 2014 EUR (€) | Oct. 01, 2014 GBP (£) | Feb. 07, 2014 EUR (€) | Feb. 07, 2014 GBP (£) | |
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||
Initial nominal value | € 500 | ||||||||||||||||
Rate | 1.375% | ||||||||||||||||
Subordinated notes | € 4,950 | € 5,497 | € 5,803 | ||||||||||||||
ifrs Subordinated debt [member] | |||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||
Initial nominal value | 44 | £ 39 | |||||||||||||||
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 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, 5.88 Percent, Issued February 2014 [Member] | |||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||
Initial nominal value | € 782 | £ 650 | |||||||||||||||
Rate | 5.88% | 5.88% | |||||||||||||||
Subordinated notes | 514 | ||||||||||||||||
Subordinated notes, issue or (redemption) value | $ | $ (514) | ||||||||||||||||
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% | 4% | |||||||||||||||
Subordinated notes | 118 | ||||||||||||||||
Subordinated notes, issue or (redemption) 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% | 5% | |||||||||||||||
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 | 547 | 721 | |||||||||||||||
Subordinated notes, issue or (redemption) value | $ | $ (547) | $ (174) | |||||||||||||||
Subordinated debt, 2.375 percent, issued April 2019 [member] | |||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||
Initial nominal value | € 1 | € 1,000 | |||||||||||||||
Subordinated debt, 2.38 percent, issued April 2019 [member] | |||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||
Initial nominal value | € 1,000 | ||||||||||||||||
Rate | 2.38% | ||||||||||||||||
Subordinated notes | 1,000 | 1,000 | 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 | 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 | € 700 | € 700 | ||||||||||||||
Subordinated notes, residual nominal value | 700 | ||||||||||||||||
Subordinated Debt 1.375 Percent Issued May 2021 [Member] | |||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||
Initial nominal value | € 500 | ||||||||||||||||
Rate | 1.38% | ||||||||||||||||
Subordinated Debt, 1.38 Percent, Issued November 2021 [Member] | |||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||
Initial nominal value | € 500 | ||||||||||||||||
Rate | 1.38% | ||||||||||||||||
Subordinated notes | 500 | € 500 | |||||||||||||||
Subordinated notes, issue or (redemption) value | $ | $ 500 | ||||||||||||||||
Subordinated notes, residual nominal value | € 500 |
Equity - Subordinated notes -_2
Equity - Subordinated notes - Tabular disclosure - Paid coupons (Details) € in Millions, £ in Millions | 12 Months Ended | |||||||||||||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2021 EUR (€) | Dec. 31, 2021 GBP (£) | Dec. 31, 2020 EUR (€) | Dec. 31, 2020 GBP (£) | Dec. 31, 2019 EUR (€) | Dec. 31, 2022 GBP (£) | May 11, 2021 EUR (€) | Oct. 15, 2020 EUR (€) | Dec. 12, 2019 EUR (€) | Sep. 19, 2019 EUR (€) | Apr. 15, 2019 EUR (€) | Oct. 01, 2014 EUR (€) | Oct. 01, 2014 GBP (£) | Feb. 07, 2014 EUR (€) | |
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Initial nominal value | € 500 | |||||||||||||||
Rate | 1.375% | |||||||||||||||
Subordinated notes remuneration classified in equity | € (215) | € (238) | € (258) | |||||||||||||
Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 | 2 | (21) | ||||||||||||||
Coupon on subordinated notes | (213) | (238) | (280) | |||||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||||||
Second step-up interest rate adjustment (as a percent) | 1% | |||||||||||||||
ifrs Subordinated debt [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Initial nominal value | 44 | £ 39 | ||||||||||||||
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% | |||||||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||||||
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% | |||||||||||||||
Coupon on subordinated notes | (53) | (53) | (53) | |||||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||||||
Subordinated Debt, 5.875 Percent, Issued February 2014 [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||||||
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% | 4% | ||||||||||||||
Coupon on subordinated notes | (3) | (21) | ||||||||||||||
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 Debt, 5 Percent, Issued October 2014 [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Initial nominal value | € 1,250 | |||||||||||||||
Rate | 5% | 5% | ||||||||||||||
Coupon on subordinated notes | (63) | (63) | (63) | |||||||||||||
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 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 | (49) | £ (41) | (38) | £ (33) | (39) | £ (36) | ||||||||||
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 debt, 2.375 percent, issued April 2019 [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Initial nominal value | € 1 | € 1,000 | ||||||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||||||
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 | (9) | (9) | € (4) | |||||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||||||
Subordinated debt, 1.75 percent, issued October 2020 [member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Initial nominal value | € 700 | |||||||||||||||
Rate | 1.75% | |||||||||||||||
Coupon on subordinated notes | (12) | € (12) | ||||||||||||||
First step-up interest rate adjustment (as a percent) | 0.25% | |||||||||||||||
Second step-up interest rate adjustment (as a percent) | 0.75% | |||||||||||||||
Subordinated Debt 1.375 Percent Issued May 2021 [Member] | ||||||||||||||||
Disclosure of detailed information about borrowings [line items] | ||||||||||||||||
Initial nominal value | € 500 | |||||||||||||||
Rate | 1.38% | |||||||||||||||
Coupon on subordinated notes | € (7) |
Equity - Subordinated notes -_3
Equity - Subordinated notes - Tabular disclosure - Remuneration of Subordinated Notes (Details) € in Millions, £ in Millions | 12 Months Ended | ||||||||||||||||||||||
Nov. 30, 2022 GBP (£) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 GBP (£) | Dec. 31, 2021 EUR (€) | Dec. 31, 2021 GBP (£) | Dec. 31, 2020 EUR (€) | Dec. 31, 2020 GBP (£) | Dec. 31, 2019 EUR (€) | Dec. 31, 2022 GBP (£) | Nov. 30, 2022 EUR (€) | Nov. 30, 2022 GBP (£) | Nov. 21, 2022 EUR (€) | Nov. 21, 2022 GBP (£) | Nov. 05, 2021 EUR (€) | May 11, 2021 EUR (€) | Oct. 15, 2020 EUR (€) | Dec. 12, 2019 EUR (€) | Sep. 19, 2019 EUR (€) | Apr. 15, 2019 EUR (€) | Oct. 01, 2014 EUR (€) | Oct. 01, 2014 GBP (£) | Feb. 07, 2014 EUR (€) | Feb. 07, 2014 GBP (£) | |
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | € 4,950 | € 5,497 | € 5,803 | ||||||||||||||||||||
Initial nominal value | € 500 | ||||||||||||||||||||||
Historical value | € 547 | ||||||||||||||||||||||
Rate | 1.375% | ||||||||||||||||||||||
Coupon on subordinated notes | (213) | (238) | (280) | ||||||||||||||||||||
Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 | 2 | (21) | |||||||||||||||||||||
Subordinated notes remuneration classified in equity | 215 | 238 | 258 | ||||||||||||||||||||
ifrs Subordinated debt [member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Initial nominal value | 44 | £ 39 | |||||||||||||||||||||
Coupons on subordinated notes reclassified as short-term borrowings at the end of 2019 and paid in 2020 | € 21 | ||||||||||||||||||||||
Various tax effects on subordinated notes | (2) | 29 | (2) | ||||||||||||||||||||
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 Debt, 5.25 Percent, Issued February 2014 [Member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | 1,000 | 1,000 | 1,000 | ||||||||||||||||||||
Initial nominal value | € 1,000 | ||||||||||||||||||||||
Rate | 5.25% | 5.25% | |||||||||||||||||||||
Coupon on subordinated notes | (53) | (53) | (53) | ||||||||||||||||||||
Subordinated Debt, 5.88 Percent, Issued February 2014 [Member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | 514 | ||||||||||||||||||||||
Initial nominal value | € 782 | £ 650 | |||||||||||||||||||||
Rate | 5.88% | 5.88% | |||||||||||||||||||||
Coupon on subordinated notes | (36) | £ (32) | (55) | £ (47) | |||||||||||||||||||
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] | |||||||||||||||||||||||
Subordinated notes | 118 | ||||||||||||||||||||||
Initial nominal value | € 1,000 | ||||||||||||||||||||||
Rate | 4% | 4% | |||||||||||||||||||||
Coupon on subordinated notes | (3) | (21) | |||||||||||||||||||||
Subordinated Debt, 5 Percent, Issued October 2014 [Member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | 1,250 | 1,250 | 1,250 | ||||||||||||||||||||
Initial nominal value | € 1,250 | ||||||||||||||||||||||
Rate | 5% | 5% | |||||||||||||||||||||
Coupon on subordinated notes | (63) | (63) | (63) | ||||||||||||||||||||
Subordinated Debt, 5.75 Percent, Issued October 2014 [Member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | 547 | 721 | |||||||||||||||||||||
Initial nominal value | € 771 | £ 600 | |||||||||||||||||||||
Rate | 5.75% | 5.75% | |||||||||||||||||||||
Coupon on subordinated notes | (49) | £ (41) | (38) | £ (33) | (39) | £ (36) | |||||||||||||||||
Subordinated debt, 2.375 percent, issued April 2019 [member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Redemption value | € 500 | ||||||||||||||||||||||
Initial nominal value | € 1 | € 1,000 | |||||||||||||||||||||
Subordinated debt, 2.38 percent, issued April 2019 [member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | 1,000 | 1,000 | 1,000 | ||||||||||||||||||||
Initial nominal value | € 1,000 | ||||||||||||||||||||||
Rate | 2.38% | ||||||||||||||||||||||
Coupon on subordinated notes | (24) | (24) | (24) | ||||||||||||||||||||
Subordinated debt, 1.75 percent, issued September 2019 [member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | 500 | 500 | 500 | ||||||||||||||||||||
Initial nominal value | € 700 | € 500 | |||||||||||||||||||||
Rate | 1.75% | ||||||||||||||||||||||
Coupon on subordinated notes | (9) | (9) | (4) | ||||||||||||||||||||
Subordinated debt, 1.75 percent, issued October 2020 [member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | 700 | 700 | € 700 | ||||||||||||||||||||
Initial nominal value | € 700 | ||||||||||||||||||||||
Rate | 1.75% | ||||||||||||||||||||||
Coupon on subordinated notes | (12) | € (12) | |||||||||||||||||||||
Subordinated Debt, 1.38 Percent, Issued November 2021 [Member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Subordinated notes | 500 | € 500 | |||||||||||||||||||||
Initial nominal value | € 500 | ||||||||||||||||||||||
Rate | 1.38% | ||||||||||||||||||||||
Subordinated Debt 1.375 Percent Issued May 2021 [Member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Initial nominal value | € 500 | ||||||||||||||||||||||
Rate | 1.38% | ||||||||||||||||||||||
Coupon on subordinated notes | € (7) | ||||||||||||||||||||||
Tranche One Subordinated Note [member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Redemption value | £ | £ 426 | ||||||||||||||||||||||
Initial nominal value | £ | £ 600 | ||||||||||||||||||||||
Historical value | € 771 | ||||||||||||||||||||||
Tranche Two Subordinated Note [member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Repurchase of subordinated notes | £ | £ 387 | ||||||||||||||||||||||
Historical value | € 496 | ||||||||||||||||||||||
Tranche Three Subordinated Note [member] | |||||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||||
Historical value | € 50 | ||||||||||||||||||||||
Nominal amount remaining | £ | £ 39 | ||||||||||||||||||||||
Borrowings, Nominal Amount Remaining as Percentage of Initial Nominal Amount | 10% |
Equity - Non-controlling intere
Equity - Non-controlling interests - Dividends paid (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of classes of share capital [line items] | |||
Dividends paid to non-controlling interests, classified as financing activities | € 304 | € 218 | € 226 |
Dividends paid to non-controlling interests, classified as financing activities | 328 | 218 | 225 |
Sonatel [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to non-controlling interests, classified as financing activities | 185 | 166 | 165 |
Sub-Group Orange Cte d'Ivoire [Member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to non-controlling interests, classified as financing activities | 51 | 29 | 9 |
Orange Polska S.A. | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to non-controlling interests, classified as financing activities | 35 | ||
Medi Telecom [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to non-controlling interests, classified as financing activities | 33 | 24 | |
Orange Belgium [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to non-controlling interests, classified as financing activities | 7 | 14 | |
Jordan Telecom and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to non-controlling interests, classified as financing activities | € 18 | € 11 | € 9 |
Equity - Translation adjustment
Equity - Translation adjustment - Gains (losses) on exchange differences (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Exchange differences on translation [abstract] | |||
Gain (loss) recognized in other comprehensive income during the period | € (370) | € 196 | € (414) |
Reclassification to net income for the period | (4) | 4 | 0 |
Total transaction adjustments | € (374) | € 200 | € (414) |
Equity - Translation adjustme_2
Equity - Translation adjustment - Reserve of exchange differences (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of classes of share capital [line items] | |||
Total translation adjustments | € (258) | € 116 | € (85) |
Total translation adjustments accumulated in equity attributable to parent | (455) | (96) | (256) |
Total translation adjustments accumulated in equity attributable to non-controlling interests | 198 | 211 | 171 |
Poland, Zlotych | |||
Disclosure of classes of share capital [line items] | |||
Total translation adjustments | 603 | 645 | 668 |
Egypt, Pounds | |||
Disclosure of classes of share capital [line items] | |||
Total translation adjustments | (730) | (444) | (503) |
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 | (217) | (150) | (143) |
Other Currency [Member] | |||
Disclosure of classes of share capital [line items] | |||
Total translation adjustments | € (134) | € (155) | € (327) |
Equity - Non-controlling inte_2
Equity - Non-controlling interests - Net income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of classes of share capital [line items] | |||
Credit part of net income attributable to n on-controlling interests | € 509 | € 577 | € 297 |
Debit part of net income attributable to non-controlling interests. | (38) | (33) | (63) |
Total part of net income attributable to non-controlling interests | 471 | 545 | 233 |
Sonatel [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of net income attributable to n on-controlling interests | 269 | 243 | 197 |
Orange Polska [Member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of net income attributable to n on-controlling interests | 94 | 222 | |
Orange Cote d'Ivoire [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of net income attributable to n on-controlling interests | 50 | 53 | 43 |
Medi Telecom [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of net income attributable to n on-controlling interests | 33 | 19 | 10 |
Jordan Telecom and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of net income attributable to n on-controlling interests | 29 | 16 | 11 |
Romania | |||
Disclosure of classes of share capital [line items] | |||
Debit part of net income attributable to non-controlling interests. | (33) | ||
Orange Belgium [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of net income attributable to n on-controlling interests | € 20 | 12 | 26 |
Orange Bank [member] | |||
Disclosure of classes of share capital [line items] | |||
Debit part of net income attributable to non-controlling interests. | € (22) | (51) | |
Orange Polska and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Debit part of net income attributable to non-controlling interests. | € (3) |
Equity - Non-controlling inte_3
Equity - Non-controlling interests - Comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | € 524 | € 612 | € 256 |
Debit part of comprehensive income attributable to non-controlling interests | (37) | (31) | (98) |
Total part of comprehensive income attributable to non-controlling interests | 487 | 580 | 158 |
Sonatel [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 263 | 263 | 176 |
Orange Polska [Member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 114 | 215 | |
Orange Belgium [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 19 | 13 | 25 |
Orange Cote d'Ivoire [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 52 | 55 | 39 |
Romania | |||
Disclosure of classes of share capital [line items] | |||
Debit part of comprehensive income attributable to non-controlling interests | (31) | ||
Orange Bank [member] | |||
Disclosure of classes of share capital [line items] | |||
Debit part of comprehensive income attributable to non-controlling interests | (22) | (50) | |
Jordan Telecom and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | 39 | 27 | |
Debit part of comprehensive income attributable to non-controlling interests | (3) | ||
Medi Telecom [member] | |||
Disclosure of classes of share capital [line items] | |||
Credit part of comprehensive income attributable to non-controlling interests | € 24 | € 23 | |
Orange Polska and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Debit part of comprehensive income attributable to non-controlling interests | € (35) |
Equity - Non-controlling inte_4
Equity - Non-controlling interests - Dividends (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | € 328 | € 218 | € 225 |
Sonatel [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | 185 | 166 | 165 |
Sub-Group Orange Cte d'Ivoire [Member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | 51 | 29 | 9 |
Orange Polska [Member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | 35 | ||
Jordan Telecom and subsidiaries [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | 18 | 11 | 9 |
Orange Belgium [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | € 7 | 14 | |
Medi Telecom [member] | |||
Disclosure of classes of share capital [line items] | |||
Dividends paid to minority shareholders | € 33 | € 24 |
Equity - Non-controlling inte_5
Equity - Non-controlling interests - Equity (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of classes of share capital [line items] | |||||
Credit part of equity attributable to non-controlling interests | € 3,183 | € 3,030 | € 2,653 | ||
Debit part of equity attributable to non-controlling interests | (11) | (10) | (10) | ||
Total equity attributable to non-controlling interests | 3,172 | 3,020 | 2,643 | € 2,687 | € 2,580 |
Orange Polska and subsidiaries [member] | |||||
Disclosure of classes of share capital [line items] | |||||
Credit part of equity attributable to non-controlling interests | 1,250 | 1,170 | 953 | ||
Sonatel [member] | |||||
Disclosure of classes of share capital [line items] | |||||
Credit part of equity attributable to non-controlling interests | 907 | 826 | 755 | ||
Sub-Group Orange Cte d'Ivoire [Member] | |||||
Disclosure of classes of share capital [line items] | |||||
Credit part of equity attributable to non-controlling interests | 253 | 257 | 230 | ||
Medi Telecom [member] | |||||
Disclosure of classes of share capital [line items] | |||||
Credit part of equity attributable to non-controlling interests | 140 | 148 | 127 | ||
Orange Belgium [member] | |||||
Disclosure of classes of share capital [line items] | |||||
Credit part of equity attributable to non-controlling interests | 155 | 138 | 285 | ||
Telekom Romania Communications [member] | |||||
Disclosure of classes of share capital [line items] | |||||
Credit part of equity attributable to non-controlling interests | 217 | € 267 | |||
Telekom Romania Communications [member] | Romania | |||||
Disclosure of classes of share capital [line items] | |||||
Percent of ownership interest acquired | 54% | ||||
Jordan Telecom and subsidiaries [member] | |||||
Disclosure of classes of share capital [line items] | |||||
Credit part of equity attributable to non-controlling interests | € 193 | € 171 | € 154 |
Equity - Earnings per share - N
Equity - Earnings per share - Net income from continuing operations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity. | |||
Profit (loss), attributable to owners of parent | € 2,146 | € 233 | € 4,822 |
Effect of subordinated notes | (200) | (225) | (255) |
Net income attributable to the owners of the parent company - basic (adjusted) | € 1,946 | € 8 | € 4,567 |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity. | |||
Net income attributable to the owners of the parent company - basic (adjusted) | € 1,946 | € 8 | € 4,567 |
TDIRA | 12 | 9 | |
Net income attributable to the owners of the parent company - diluted | € 1,957 | € 8 | € 4,577 |
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, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity. | |||
Net income attributable to the owners of the parent company - diluted | € 1,957 | € 8 | € 4,577 |
Equity - Weighted average numbe
Equity - Weighted average number of shares outstanding (Details) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity. | |||
Weighted average number of ordinary shares outstanding - basic (in shares) | 2,658,328,369 | 2,656,981,542 | 2,656,122,534 |
TDIRA (in shares) | 27,269,551 | 26,945,386 | |
Free share award plan (in shares) | 1,233,198 | 776,743 | 720,936 |
Weighted average number of shares outstanding - diluted (in shares) | 2,686,831,119 | 2,657,758,285 | 2,683,788,856 |
Equity - Earnings per share - C
Equity - Earnings per share - Continuing and discontinued operations (Details) - € / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity. | |||
Net income - basic (in euros per share) | € 0.73 | € 0 | € 1.72 |
Net income - diluted (in euros per share) | € 0.73 | € 0 | € 1.71 |
Unrecognized contractual comm_3
Unrecognized contractual commitments (telecom activities) - Operating activities commitments - Tabular disclosure (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of unrecognized contractual commitments [line items] | |
Operating activities commitments | € 12,462 |
Operating leases commitments | 148 |
Investment commitments | 1,559 |
Public initiative networks commitments | 63 |
Guarantees granted to third parties in the ordinary course of business | 1,462 |
Not later than one year [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Operating activities commitments | 5,097 |
Operating leases commitments | 45 |
Investment commitments | 858 |
Public initiative networks commitments | 13 |
Guarantees granted to third parties in the ordinary course of business | 338 |
Later than one year and not later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Operating activities commitments | 4,851 |
Operating leases commitments | 76 |
Investment commitments | 587 |
Public initiative networks commitments | 20 |
Guarantees granted to third parties in the ordinary course of business | 567 |
Later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Operating activities commitments | 2,514 |
Operating leases commitments | 26 |
Investment commitments | 114 |
Public initiative networks commitments | 30 |
Guarantees granted to third parties in the ordinary course of business | 556 |
Purchase Commitment, Handsets [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 2,573 |
Purchase Commitment, Handsets [Member] | Not later than one year [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,820 |
Purchase Commitment, Handsets [Member] | Later than one year and not later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 746 |
Purchase Commitment, Handsets [Member] | Later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 6 |
Purchase Commitment, Transmission Capacity [Member ] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,621 |
Purchase Commitment, Transmission Capacity [Member ] | Not later than one year [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 236 |
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 | 585 |
Purchase Commitment, Transmission Capacity [Member ] | Later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 800 |
Purchase Commitment, Other Goods And Services [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 5,036 |
Purchase Commitment, Other Goods And Services [Member] | Not later than one year [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,785 |
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 | 2,270 |
Purchase Commitment, Other Goods And Services [Member] | Later than five years [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | € 981 |
Unrecognized contractual comm_4
Unrecognized contractual commitments (telecom activities) - Property lease commitments - Minimum future lease payments (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | € 148 |
Operating Lease, Property [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 122 |
Operating Lease, Property, Technical Activities [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 32 |
Operating Lease, Property, Shops And Office Activities [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | € 90 |
Unrecognized contractual comm_5
Unrecognized contractual commitments (telecom activities) - Property lease commitments - Maturities (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | € 148 |
Not later than one year [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 45 |
Later than five years [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 26 |
Operating Lease, Property [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | 122 |
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 | 35 |
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 | 24 |
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 | 16 |
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 | 19 |
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 | 6 |
Operating Lease, Property [Member] | Later than five years [member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Minimum future lease payments | € 22 |
Unrecognized contractual comm_6
Unrecognized contractual commitments (telecom activities) - Property lease commitments - Composition (Details) | Dec. 31, 2022 |
FRANCE | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Percentage of total property lease commitments (as a percent) | 31% |
Unrecognized contractual comm_7
Unrecognized contractual commitments (telecom activities) - Purchase commitments (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Purchase Commitment, Handsets [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | € 2,573 |
Purchase Commitment Co-financed and Leased Lines [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 652 |
Purchase Commitment, Transmission Capacity [Member ] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,621 |
Purchase Commitment, Satellite Transmission Capacity [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 364 |
Purchase commitment, agreement on use of FTTH network [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 849 |
Purchase Commitment, Other Goods And Services [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 5,036 |
Purchase Commitment, TowerCos Site Management [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 321 |
Purchase Commitment, Network Maintenance [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 218 |
Purchase Commitment, Submarine Cable Maintenance [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 234 |
Purchase Commitment, Broadcasting Rights [Member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 486 |
Purchase commitment, energy purchase commitments [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 1,289 |
Purchase commitment, Built-to-suit agreement commitments [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | 466 |
Purchase commitment, commitments to partners in the field of sports [member] | |
Disclosure of unrecognized contractual commitments [line items] | |
Purchase commitments | € 179 |
Unrecognized contractual comm_8
Unrecognized contractual commitments (telecom activities) - Investment commitments (Details) € in Millions | 12 Months Ended | |||||||
Jan. 14, 2018 item | Dec. 31, 2022 EUR (€) item site | Dec. 31, 2021 item | Dec. 31, 2020 item | Dec. 31, 2016 | Dec. 31, 2015 item | Dec. 31, 2011 item | Nov. 15, 2018 item | |
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Investment commitments | € | € 1,559 | |||||||
FRANCE | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Housing and professional premises in AMII by 2020 (as a percent) | 100% | |||||||
Threshold connectable on demand percentage (as a percent) | 8% | |||||||
Housing and professional premises in AMII by 2022 (as a percent) | 100% | |||||||
ROMANIA | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Network coverage obligation in 80 municipalities | 95 | |||||||
Not later than one year | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Investment commitments | € | € 858 | |||||||
Not later than one year | FRANCE | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Additional sites | 500 | |||||||
Within 4 years | EGYPT | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 42.50% | |||||||
Within 6 years | EGYPT | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 69.50% | |||||||
Within 8 years | BURKINA FASO | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Number of new localities where 4G license was granted | 60 | |||||||
Within 10 years | FRANCE | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Number of areas for coverage commitment of mobile services | 5,000 | |||||||
Within 10 years | EGYPT | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 70% | |||||||
Frequency Band, 700 MHz | FRANCE | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 700 | |||||||
Frequency Band, 700 MHz | BELGIUM | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 700 | |||||||
Frequency Band, 700 MHz | ROMANIA | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 700 | |||||||
Frequency Band, 700 MHz | SPAIN | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 700 | |||||||
Minimum number of population required in municipalities, obligation to provide network converage | 50,000 | |||||||
Frequency Band, 700 MHz | SLOVAKIA | ||||||||
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% | |||||||
Obligation to cover population outside the regional capitals | 90% | |||||||
Obligation to cover total population by the end of 2027 | 70% | |||||||
Frequency Band, 700 MHz | Not later than one year | SPAIN | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 30% | |||||||
Frequency Band, 700 MHz | Within 3 years | SPAIN | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 70% | |||||||
Frequency Band, 700 MHz | Within 4 years | SPAIN | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 100% | |||||||
Frequency Band, 700 MHz | 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% | |||||||
Frequency Band, 700 MHz | 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% | |||||||
Frequency Band, 700 MHz | 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 | 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% | |||||||
Frequency Band, 700 MHz | 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% | |||||||
Frequency Band, 700 MHz | 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% | |||||||
Frequency Band, 700 MHz | 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% | |||||||
Frequency Band, 700 MHz | 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% | |||||||
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% | |||||||
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% | |||||||
Frequency Band, 800 MHz [Member] | Priority Deployment Areas [Member] | Within 10 years | FRANCE | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 90% | |||||||
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% | |||||||
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% | |||||||
Frequency bands, 900 Mhz [member] | BELGIUM | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 900 | |||||||
Frequency bands, 900 Mhz [member] | Rural Areas [member] | Within 3 years | 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] | BELGIUM | ||||||||
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 | 1,800 | ||||||
Frequency bands, 2100 Mhz [member] | BELGIUM | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 2,100 | |||||||
Frequency bands, 2100 Mhz [member] | POLAND | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 2,100 | |||||||
Percentage of network services coverage commitment (as a percent) | 20% | |||||||
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 | 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] | Within 4 years | FRANCE | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of mobile services coverage commitment (as a percent) | 25% | |||||||
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% | |||||||
Frequency Band 700 Mhz and 3.5 GHz [Member] | FRANCE | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 700 | |||||||
Frequency expressed in GHz | 3.5 | |||||||
Number of predefined zones with network coverage obligation | 7 | |||||||
Number of site obligation | 2 | |||||||
Frequency Band 700, 900, 1,800 and 2,100 MHz [Member] | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Outdoor download quality of service | 6 | |||||||
Frequency Band 700, 900, 1,800 and 2,100 MHz [Member] | BELGIUM | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Coverage obligation for number of railway lines | 15 | |||||||
Minimum speed for 98% of locations by the end of 2024 | 10 | |||||||
Frequency Band 700, 900, 1,800 and 2,100 MHz [Member] | POLAND | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Minimum speed for 20% of population | 144 | |||||||
Frequency Band 700, 900, 1,800 and 2,100 MHz [Member] | Not later than one year | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 70% | |||||||
Frequency Band 700, 900, 1,800 and 2,100 MHz [Member] | Within 2 years | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 99.50% | |||||||
Frequency Band 700, 900, 1,800 and 2,100 MHz [Member] | Within 6 years | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 99.80% | |||||||
Frequency bands 2 GHz and 8 GHz [member] | Not later than one year | EGYPT | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 11% | |||||||
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 | site | 8,000 | |||||||
Rollout of sites by the end of 2025 | site | 10,500 | |||||||
Percentage of sites that must be located in rural areas or industrial areas outside of very densely populated areas | 25% | |||||||
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% | |||||||
Provision for speed of at least 240 Mbps per sector of sites by the end of 2024 (as a percent) | 85% | |||||||
Provision for speed of at least 240 Mbps per sector of sites by the end of 2025 (as a percent) | 90% | |||||||
Provision for speed of at least 240 Mbps per sector of sites by the end of 2030 (as a percent) | 100% | |||||||
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 | |||||||
Frequency Band 700 MHz band and one block in the 3.4-3.8 GHz | ROMANIA | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Coverage commitment, number of municipalities | 80 | |||||||
Number of spectrum blocks | 2 | |||||||
Indoor network coverage obligation | 70% | |||||||
Minimum speed in urban areas | 85 | |||||||
Minimum speed in rural areas | 92 | |||||||
Network coverage obligation as percentage of modern railway network and highways | 95% | |||||||
Network coverage obligation of international airports | 85% | |||||||
Term of network coverage obligation of international airports | 2 years | |||||||
Minimum speed of international airports | 100 | |||||||
Obligation to develop number of network stations | 2,000 | |||||||
Minimum network speed nationwide | 100 | |||||||
Frequency Band 700 MHz band and one block in the 3.4-3.8 GHz | Within 2 years | ROMANIA | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Number of stations to be built in Bucharest | 200 | |||||||
Number of stations to be built outside Bucharest | 500 | |||||||
Frequency Band 700 MHz band and one block in the 3.4-3.8 GHz | Within 4 years | ROMANIA | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Coverage commitment, number of municipalities | 60 | |||||||
Network coverage obligation as percentage of modern railway network and highways | 85% | |||||||
Number of stations to be built outside Bucharest | 1,200 | |||||||
Frequency Band 700 MHz band and one block in the 3.4-3.8 GHz | Within 6 years | ROMANIA | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Coverage commitment, number of municipalities | 80 | |||||||
Network coverage obligation as percentage of modern railway network and highways | 95% | |||||||
Frequency Band 700 MHz band and one block in the 3.4-3.8 GHz | Within 8 years | ROMANIA | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Number of stations to be built outside Bucharest | 1,800 | |||||||
Frequency band 3500 MHz | JORDAN | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Frequency expressed in MHz | 3,500 | |||||||
Frequency band 3500 MHz | Within 4 years | JORDAN | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 50% | |||||||
Frequency band 3500 MHz | Within 9 years | JORDAN | ||||||||
Disclosure of unrecognized contractual commitments [line items] | ||||||||
Percentage of network services coverage commitment (as a percent) | 75% |
Unrecognized contractual comm_9
Unrecognized contractual commitments (telecom activities) - Guarantees granted to third parties (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Unrecognized contractual commitments (telecom activities) | |
Guarantees granted to third parties in the ordinary course of business | € 1,462 |
Performance guarantees granted to third parties to secure networks and remote access | € 739 |
Unrecognized contractual com_10
Unrecognized contractual commitments (telecom activities) - Asset and liability warranties in relation to disposals (Details) - 12 months ended Dec. 31, 2022 - Warranty contingent liability, disposal of assets [member] - BT Group Plc [member] € in Billions, £ in Billions | GBP (£) | EUR (€) |
Top of range [member] | ||
Disclosure of unrecognized contractual commitments [line items] | ||
Estimated warranty in effect | £ | £ 5.1 | |
EE [member] | ||
Disclosure of unrecognized contractual commitments [line items] | ||
Percentage of the given warranty for which the entity is responsible | 50% | |
EE [member] | Top of range [member] | ||
Disclosure of unrecognized contractual commitments [line items] | ||
Estimated warranty in effect | € | € 5.8 |
Unrecognized contractual com_11
Unrecognized contractual commitments (telecom activities) - Commitments relating to securities (Details) - shares | 12 Months Ended | ||||
Apr. 11, 2021 | Mar. 27, 2021 | May 20, 2009 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of unrecognized contractual commitments [line items] | |||||
Maximum Period For Some Specific Cap Allowances | 10 years | ||||
HIN Consortium [Member] | |||||
Disclosure of unrecognized contractual commitments [line items] | |||||
Percentage of Capital Sold | 50% | ||||
Warranties Expiration Period, excluding Tax And Fundamental Warranties | 3 years | ||||
Tax Warranties Expiration Period | 60 days | ||||
APG Group [Member] | |||||
Disclosure of unrecognized contractual commitments [line items] | |||||
Percentage of Capital Sold | 50% | ||||
Tax Warranties Expiration Period | 7 years | ||||
Fundamental Warranties Expiration Period | 6 years | ||||
Warranties granted to the APG group in connection with disposal of FiberCo Poland, Expiration Period | 18 months | ||||
Investec [member] | Orange Tunisie | |||||
Disclosure of unrecognized contractual commitments [line items] | |||||
Percentage of additional share capital that can be purchased under a call option | 1% | ||||
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% | ||||
HIN Consortium [Member] | Orange Concessions | |||||
Disclosure of unrecognized contractual commitments [line items] | |||||
Percentage of additional share capital that can be purchased under a call option | 1% | ||||
APG Group [Member] | FiberCo Poland [Member] | |||||
Disclosure of unrecognized contractual commitments [line items] | |||||
Percentage of additional share capital that can be purchased under a call option | 1% |
Unrecognized contractual com_12
Unrecognized contractual commitments (telecom activities) - Financing commitments - Pledged or mortgaged assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Unrecognized contractual commitments (telecom activities) | |||
Assets held under finance leases | € 1,134 | € 998 | € 716 |
Non-current pledged, mortgaged or receivership assets | 20 | 21 | 20 |
Collateralized current assets | 2 | 2 | 2 |
Total | € 1,157 | € 1,021 | € 739 |
Unrecognized contractual com_13
Unrecognized contractual commitments (telecom activities) - Financing commitments - Non-current pledged or mortgaged assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of operating segments [line items] | |||||
Intangibles assets, net (excluding goodwill) | € 14,946 | € 14,940 | € 15,135 | € 14,737 | |
Property, plant and equipment, net | 31,640 | 30,484 | 29,075 | € 28,423 | |
Total non-current assets | 82,847 | 82,236 | 82,582 | € 81,701 | € 82,406 |
Non-current pledged or mortgaged assets | 20 | € 21 | € 20 | ||
Telecom activities, operating segment, after eliminations [member] | |||||
Disclosure of operating segments [line items] | |||||
Intangibles assets, net (excluding goodwill) | 14,892 | ||||
Property, plant and equipment, net | 31,630 | ||||
Non-current financial assets | 977 | ||||
Other | 34,480 | ||||
Total non-current assets | 81,978 | ||||
Amount of asset pledged, mortgaged or receivership, intangible assets, net (excluding goodwill) | 19 | ||||
Amount of asset pledged, mortgaged or receivership, property, plant and equipment, net | 2 | ||||
Non-current pledged or mortgaged assets | € 20 |
Mobile Financial Services act_3
Mobile Financial Services activities - Financial assets and liabilities - General information (Details) | 12 Months Ended |
Dec. 31, 2022 segment | |
Mobile Financial Services activities | |
Number of business areas | 2 |
Mobile Financial Services act_4
Mobile Financial Services activities - Financial assets and liabilities - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets related to Mobile Finance Services activities | € 656 | € 900 | € 1,210 | ||
Non-current financial assets | 977 | 950 | 1,516 | ||
Non-current derivatives assets | 1,458 | 683 | 132 | ||
Current financial assets related to Mobile Financial Services activities | 2,742 | 2,381 | 2,075 | ||
Current financial assets | 4,541 | 2,313 | 3,259 | ||
Current derivatives assets | 112 | 7 | 162 | ||
Cash and cash equivalent | 6,004 | 8,621 | 8,145 | € 6,481 | € 6,481 |
Non-current financial liabilities | 31,930 | 31,922 | 30,089 | ||
Non-current derivatives liabilities | 397 | 220 | 844 | ||
Current financial liabilities related to Mobile Financial Services activities | 3,034 | 3,161 | 3,128 | ||
Current financial liabilities | 4,702 | 3,421 | 5,170 | ||
Current derivatives liabilities | 51 | 124 | 35 | ||
Elimination of intersegment amounts [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | (27) | ||||
Telecom activities, operating segment [member] | Operating segments [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets | 1,004 | ||||
Non-current derivatives assets | 1,342 | ||||
Current financial assets | 4,541 | ||||
Current derivatives assets | 112 | ||||
Cash and cash equivalent | 5,846 | 8,188 | 7,891 | 6,112 | |
Non-current financial liabilities | 31,930 | ||||
Non-current derivatives liabilities | 335 | ||||
Current financial liabilities | 4,708 | ||||
Current derivatives liabilities | 51 | ||||
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 | (6) | ||||
Current financial liabilities | (6) | ||||
Mobile Financial Services, operating segment [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial assets related to Mobile Finance Services activities | 772 | ||||
Current financial liabilities related to Mobile Financial Services activities | 3,034 | 3,161 | 3,128 | ||
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 Finance Services activities | 656 | ||||
Non-current derivatives assets | 116 | ||||
Current financial assets related to Mobile Financial Services activities | 2,747 | 2,385 | 2,077 | ||
Cash and cash equivalent | 158 | 433 | 254 | € 369 | |
Non-current derivatives liabilities | 62 | ||||
Current financial liabilities related to Mobile Financial Services activities | 3,034 | ||||
Mobile Finance Services | Operating segments [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Non-current financial liabilities | € 110 | € 27 | € 28 |
Mobile Financial Services act_5
Mobile Financial Services activities - Financial assets related to Orange Bank - After IFRS (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |||
Current financial assets related to Mobile Financial Services activities | € 2,742 | € 2,381 | € 2,075 |
Non-current financial assets related to Mobile Financial Services activities | 656 | 900 | 1,210 |
Mobile Financial Services, operating segment [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Non-current financial assets related to Mobile Financial Services activities | 772 | ||
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 | 2,747 | 2,385 | 2,077 |
Non-current financial assets related to Mobile Financial Services activities | 656 | ||
Orange Bank [member] | Operating segments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Current financial assets related to Mobile Financial Services activities | 2,714 | ||
Non-current financial assets related to Mobile Financial Services activities | 656 | ||
Financial assets related to Mobile Financial Services activities | 3,370 | 3,268 | 3,288 |
Orange Bank [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 | ||
Non-current financial assets related to Mobile Financial Services activities | 294 | ||
Financial assets related to Mobile Financial Services activities | 296 | 441 | 540 |
Orange Bank [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] | |||
Non-current financial assets related to Mobile Financial Services activities | 3 | ||
Financial assets related to Mobile Financial Services activities | 3 | 3 | 2 |
Orange Bank [member] | Operating segments [member] | Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Non-current financial assets related to Mobile Financial Services activities | 50 | ||
Financial assets related to Mobile Financial Services activities | 50 | 73 | 94 |
Orange Bank [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 | 2,712 | ||
Non-current financial assets related to Mobile Financial Services activities | 309 | ||
Financial assets related to Mobile Financial Services activities | 3,021 | 2,752 | 2,651 |
Orange Bank [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 | ||
Non-current financial assets related to Mobile Financial Services activities | 294 | ||
Financial assets related to Mobile Financial Services activities | 296 | 441 | 540 |
Orange Bank [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] | |||
Non-current financial assets related to Mobile Financial Services activities | 42 | ||
Financial assets related to Mobile Financial Services activities | 42 | 59 | 74 |
Orange Bank [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 | 1 | 2 |
Orange Bank [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] | |||
Non-current financial assets related to Mobile Financial Services activities | 8 | ||
Financial assets related to Mobile Financial Services activities | 8 | 14 | 20 |
Orange Bank [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] | |||
Non-current financial assets related to Mobile Financial Services activities | 3 | ||
Financial assets related to Mobile Financial Services activities | 3 | 3 | 2 |
Orange Bank [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 | 1 | ||
Non-current financial assets related to Mobile Financial Services activities | 309 | ||
Financial assets related to Mobile Financial Services activities | 310 | 387 | 579 |
Orange Bank [member] | Operating segments [member] | Loans and advances 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 | 2,517 | ||
Financial assets related to Mobile Financial Services activities | 2,517 | 2,297 | 2,000 |
Orange Bank [member] | Operating segments [member] | Loans and advances 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 | 191 | ||
Financial assets related to Mobile Financial Services activities | € 191 | € 66 | € 70 |
Mobile Financial Services act_6
Mobile Financial Services activities - Debt securities measured at fair value through other comprehensive income that may be reclassified subsequently to profit or loss (Details) - Mobile Finance Services - Operating segments [member] - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Categories of financial assets [abstract] | |||
Changes in fair value | € (2) | € 1 | € 1 |
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 | 441 | 540 | 656 |
Acquisitions | 405 | 732 | 386 |
Repayments and disposals | (538) | (839) | (500) |
Changes in fair value | (12) | 1 | |
Other items | 7 | (3) | |
Financial assets at end of period | € 296 | € 441 | € 540 |
Mobile Financial Services act_7
Mobile Financial Services activities - Financial assets - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Finance Services activities | € 656 | € 900 | € 1,210 | |
Current financial assets related to Mobile Financial Services activities | 2,742 | 2,381 | 2,075 | |
Mobile Financial Services, operating segment [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Finance Services activities | 772 | |||
Mobile Financial Services, operating segment [member] | Operating segments [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Finance Services activities | 656 | |||
Current financial assets related to Mobile Financial Services activities | 2,747 | 2,385 | 2,077 | |
Mobile Finance Services | 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 | 296 | € 441 | € 540 | € 656 |
Orange Bank | Operating segments [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Finance Services activities | 656 | |||
Current financial assets related to Mobile Financial Services activities | 2,714 | |||
Orange Bank | 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 Finance Services activities | 294 | |||
Current financial assets related to Mobile Financial Services activities | 3 | |||
Orange Bank | 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 Finance Services activities | 294 | |||
Current financial assets related to Mobile Financial Services activities | 3 | |||
Orange Bank | 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 Finance Services activities | 3 | |||
Orange Bank | 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 Finance Services activities | 3 | |||
Orange Bank | 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 Finance Services activities | 50 | |||
Orange Bank | 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 Finance Services activities | 42 | |||
Orange Bank | 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 Finance Services activities | 8 | |||
Orange Bank | Operating segments [member] | Financial assets at amortised cost, category [member] | ||||
Categories of financial assets [abstract] | ||||
Non-current financial assets related to Mobile Finance Services activities | 309 | |||
Current financial assets related to Mobile Financial Services activities | 2,712 | |||
Orange Bank | Operating segments [member] | Financial assets at amortised cost, category [member] | Loans and advances to customers [member] | ||||
Categories of financial assets [abstract] | ||||
Current financial assets related to Mobile Financial Services activities | 2,517 | |||
Orange Bank | Operating segments [member] | Financial assets at amortised cost, category [member] | Loans and advances to credit institutions [member] | ||||
Categories of financial assets [abstract] | ||||
Current financial assets related to Mobile Financial Services activities | 191 | |||
Orange Bank | 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 Finance Services activities | 309 | |||
Current financial assets related to Mobile Financial Services activities | € 1 |
Mobile Financial Services act_8
Mobile Financial Services activities - Loans and receivables components (Details) - Operating segments [member] - Mobile Finance Services - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | € 2,517 | € 2,297 | € 2,000 |
Total loans and receivables to credit institutions | 191 | 66 | 70 |
Overdraft [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 900 | 828 | 802 |
Mortgages [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 956 | 914 | 869 |
Securities lending [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 72 | 86 | 129 |
Installment receivables [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 519 | 422 | 183 |
Current accounts [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 28 | 5 | 10 |
Overnight deposits and loans [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to credit institutions | 83 | 2 | |
Loans and receivables [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to credit institutions | 44 | 45 | 52 |
Other loans and advances [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total loans and receivables to customers | 42 | 42 | 7 |
Total loans and receivables to credit institutions | € 64 | € 19 | € 18 |
Mobile Financial Services act_9
Mobile Financial Services activities - Financial liabilities (Details) - Mobile Finance Services - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Payables to customers | € 1,787 | € 1,796 | € 1,883 |
Debts with financial institutions | 837 | 1,009 | 885 |
Deposit certificate | 325 | 356 | 358 |
Cash collateral deposit | 82 | ||
Other | 112 | 27 | 30 |
Financial liabilities relating to banking activities | € 3,143 | € 3,188 | € 3,155 |
Mobile Financial Services ac_10
Mobile Financial Services activities - Assets available for sale - Other comprehensive income (Details) - Operating segments [member] - Mobile Finance Services - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Available-for-sale financial assets [abstract] | |||
Profit (loss) recognized in other comprehensive income during the period | € (2) | € 1 | € 1 |
Other comprehensive income | (2) | € 1 | 1 |
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 | € (12) | € 1 |
Mobile Financial Services ac_11
Mobile Financial Services activities - Financial liabilities - Additional Information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Non-current financial liabilities | € 31,930 | € 31,922 | € 30,089 |
Mobile Finance Services | Operating segments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Deposits from banks | 837 | 1,009 | 885 |
Hedging credit portfolios reassessment | 85 | ||
Non-current financial liabilities | 110 | € 27 | € 28 |
Mobile Finance Services | Operating segments [member] | TLTRO Refinancing [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Deposits from banks | € 661 |
Mobile Financial Services ac_12
Mobile Financial Services activities - Financial debts (Details) - Operating segments [member] - Mobile Finance Services - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Customers borrowings and deposits | € 1,787 | € 1,796 | € 1,883 |
Debts with financial institutions | 837 | 1,009 | 885 |
Deposit certificate | 325 | 356 | 358 |
Balances on current accounts from customers [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Customers borrowings and deposits | 680 | 764 | 949 |
Passbooks and special savings accounts [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Customers borrowings and deposits | 1,010 | 995 | 908 |
Deposit certificate | 42 | ||
Balances on other deposits from customers [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Customers borrowings and deposits | 97 | 37 | 26 |
Term borrowings and advances with financial institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debts with financial institutions | 700 | 667 | 615 |
Balances On Other Deposits From Financial Institutions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debts with financial institutions | 11 | ||
Securities delivered under repurchase agreements [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debts with financial institutions | € 137 | € 331 | € 270 |
Mobile Financial Services ac_13
Mobile Financial Services activities - Credit risk management (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | |||
Cost of risk | € 49 | € 48 | € 31 |
LCR ratio (short-term liquidity ratio) | 373% | ||
Percentage Of Investment Portfolio Securities With Maturity Period Of Below One year | 3% | ||
Liquidity risk [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Increase In Liquidity Deficit | € 855 | 640 | |
Mobile Finance Services | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cost of risk | 42 | ||
Operational losses from banking activities | 2.3 | € 1.3 | € 1.4 |
Mobile Finance Services | FRANCE | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cost of risk | 6 | ||
Mobile Finance Services | SPAIN | |||
Disclosure of detailed information about financial instruments [line items] | |||
Cost of risk | € 35 | ||
Mobile Finance Services | Operating segments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net Stable Funding Ratio | 133% |
Mobile Financial Services ac_14
Mobile Financial Services activities - Derivatives (Details) - EUR (€) € in Millions | Dec. 31, 2022 | May 11, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | € 500 | ||
Operating segments [member] | 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 | 1.7 | ||
Operating segments [member] | Mobile Finance Services | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 1 | ||
Operating segments [member] | Mobile Finance Services | Housing loans and consumer loans portfolio [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 1,203 | ||
Operating segments [member] | Mobile Finance Services | Negotiable Debt | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 10 | ||
Fair value of derivative not designated as hedging instrument | 0.5 | ||
Operating segments [member] | Mobile Finance Services | Trading swaps [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 16 | ||
Fair value of derivative not designated as hedging instrument | (0.3) | ||
Operating segments [member] | Mobile Finance Services | Trading swaps [member] | Later than one year and not later than five years [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 6 | ||
Operating segments [member] | Mobile Finance Services | Trading swaps [member] | Later than five years [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 10 | ||
Operating segments [member] | Mobile Finance Services | Fair value hedges [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 5 | ||
Fair value of derivative designated as hedging instrument | 2 | ||
Operating segments [member] | Mobile Finance Services | 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 | 85 | ||
Operating segments [member] | Mobile Finance Services | 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 | 374 | ||
Operating segments [member] | Mobile Finance Services | 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 | 208 | ||
Operating segments [member] | Mobile Finance Services | 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 | 622 | ||
Operating segments [member] | Mobile Finance Services | 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 | € (57) | ||
Operating segments [member] | Mobile Finance Services | Fair value hedges [member] | Fungible treasury Bonds [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 124 | ||
Operating segments [member] | Mobile Finance Services | 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 | 24 | ||
Operating segments [member] | Mobile Finance Services | 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 | (20) | ||
Operating segments [member] | Mobile Finance Services | 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 | 100 | ||
Operating segments [member] | Mobile Finance Services | Cash flow hedges [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 219 | ||
Fair value of derivative designated as hedging instrument | 8 | ||
Operating segments [member] | Mobile Finance Services | Cash flow hedges [member] | Not later than one year [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Initial nominal value | 33 | ||
Operating segments [member] | Mobile Finance Services | 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 | € 176 |
Mobile Financial Services ac_15
Mobile Financial Services activities - Credit risk and counterparty risk management (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Cost of bank credit risk | € 49 | € 48 | € 31 |
Mobile Finance Services | |||
Disclosure of financial assets [line items] | |||
Cost of bank credit risk | 42 | ||
Provision related to the Covid-19 crisis | 11 | ||
Overall reversal of provision | 4 | ||
Mobile Finance Services | FRANCE | |||
Disclosure of financial assets [line items] | |||
Cost of bank credit risk | 6 | ||
Cost of bank credit risk excluding exceptional adjustments | 14 | ||
Forward-Looking Impact On Provisions | 3 | ||
Mobile Finance Services | SPAIN | |||
Disclosure of financial assets [line items] | |||
Cost of bank credit risk | 35 | ||
Reversal of Covid provisions or review of models | 32 | ||
Mobile Handset Financing Outstanding | 594 | € 469 | |
Forward-Looking Impact On Provisions | € 4 |
Mobile Financial Services ac_16
Mobile Financial Services activities - Maturities of financial assets - Tabular disclosure (Details) - Mobile Finance Services - Operating segments [member] € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | € 3,485 |
Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 1,132 |
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 | 818 |
Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 1,536 |
Investments securities [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 3 |
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 | 3 |
Debt securities [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 296 |
Debt securities [member] | Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 272 |
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 | 19 |
Debt securities [member] | Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 5 |
IFRS Fixed Income Securities [Member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 310 |
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 | 86 |
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 | 89 |
IFRS Fixed Income Securities [Member] | Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 136 |
Loans and advances to customers [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 2,517 |
Loans and advances to customers [member] | Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 524 |
Loans and advances 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 | 689 |
Loans and advances to customers [member] | Later than five years [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 1,304 |
Loans and advances to credit institutions [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 191 |
Loans and advances to credit institutions [member] | Not later than one year [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 191 |
Other financial assets and derivatives [member] | |
Disclosure of financial assets [line items] | |
Derivative and nonderivative financial assets, undiscounted cash flows | 168 |
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 | 59 |
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 | 18 |
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 | € 91 |
Mobile Financial Services ac_17
Mobile Financial Services activities - Maturities of financial liabilities - Tabular disclosure (Details) - Operating segments [member] - Mobile Finance Services € in Millions | Dec. 31, 2022 EUR (€) |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | € 3,205 |
Payable to customers [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 1,787 |
Debts with financial institutions [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 837 |
Deposit certificate [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 325 |
Other financial liabilities and derivatives [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 256 |
Not later than one year [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 2,906 |
Not later than one year [member] | Payable to customers [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 1,787 |
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 | 776 |
Not later than one year [member] | Deposit certificate [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 119 |
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 | 224 |
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 | 266 |
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 | 60 |
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 | 206 |
Later than five years [member] | |
Disclosure of financial liabilities [line items] | |
Derivative and nonderivative financial liabilities, undiscounted cash flows | 32 |
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 | € 32 |
Mobile Financial Services ac_18
Mobile Financial Services activities - Maturities of financial liabilities - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial liabilities [line items] | |||
Derivative financial liabilities, undiscounted cash flows | € 386 | ||
Non-current financial liabilities | 31,930 | € 31,922 | € 30,089 |
Operating segments [member] | Mobile Finance Services | |||
Disclosure of financial liabilities [line items] | |||
Non-current financial liabilities | € 110 | € 27 | € 28 |
Mobile Financial Services ac_19
Mobile Financial Services activities - Book value of financial assets (Details) - Operating segments [member] - Mobile Finance Services - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Cash and cash equivalent [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | € (3,155) | ||
Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | € 387 | € 313 | 581 |
Financial assets at amortised cost, category [member] | Loans and receivables [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 2,363 | ||
Financial assets at amortised cost, category [member] | Cash and cash equivalent [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 360 | 79 | |
Financial assets at amortised cost, category [member] | Loans and advances [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 2,708 | ||
Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 73 | 50 | 2 |
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 | 441 | 296 | |
Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | Equities [Member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | € 3 | € 3 | |
Loans and receivables, category [member] | Loans and advances [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 2,070 | ||
Loans and receivables, category [member] | Other financial assets excluding derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 254 | ||
Held-to-maturity investments, category [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 94 | ||
Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | 540 | ||
Derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Other financial assets | € (75) |
Mobile Financial Services ac_20
Mobile Financial Services activities - Fair value of financial assets (Details) - Mobile Finance Services - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | € (75) | ||
Level 2 of fair value hierarchy [member] | Derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | (75) | ||
Cash and cash equivalent [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | (3,155) | ||
Cash and cash equivalent [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | (3,155) | ||
Financial assets at amortised cost, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | € 387 | € 313 | 580 |
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 | 387 | 313 | 580 |
Financial assets at amortised cost, category [member] | Loans and receivables [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 2,363 | ||
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 | 2,363 | ||
Financial assets at amortised cost, category [member] | Loans and advances [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 2,708 | ||
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 | 2,708 | ||
Financial assets at amortised cost, category [member] | Cash and cash equivalent [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 360 | 79 | |
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 | 360 | 79 | |
Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 73 | 50 | 2 |
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 | 73 | 50 | 2 |
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 | 441 | 296 | |
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 | 441 | 296 | |
Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | Equities [Member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 3 | 3 | |
Financial assets at fair value through other comprehensive income that will not be reclassified to profit or loss [member] | Equities [Member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | € 3 | € 3 | |
Loans and receivables, category [member] | Loans and advances [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 2,070 | ||
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 | 2,070 | ||
Loans and receivables, category [member] | Other financial assets excluding derivatives [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 254 | ||
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 | 254 | ||
Held-to-maturity investments, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 94 | ||
Held-to-maturity investments, category [member] | Level 1 of fair value hierarchy [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 94 | ||
Financial assets available-for-sale, category [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets, at fair value | 540 | ||
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 | € 540 |
Mobile Financial Services ac_21
Mobile Financial Services activities - Book value of financial liabilities (Details) - Mobile Finance Services - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial liabilities [line items] | |||
Financial liabilities relating to banking activities | € (3,143) | € (3,188) | € (3,155) |
Financial liabilities at amortised cost, category [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities relating to banking activities | (3,143) | ||
Financial liabilities at amortised cost, category [member] | Level 2 of fair value hierarchy [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities relating to banking activities | € (3,143) | ||
Financial liabilities at amortised cost, category [member] | Debts [member] | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities relating to banking activities | € (3,188) |
Mobile Financial Services ac_22
Mobile Financial Services activities - Fair value of financial liabilities (Details) - Operating segments [member] - Mobile Finance Services - Financial liabilities at amortised cost, category [member] - Debts [member] € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Disclosure of financial liabilities [line items] | |
Fair value of financial liabilities related to Orange Bank's activities | € (3,188) |
Level 2 of fair value hierarchy [member] | |
Disclosure of financial liabilities [line items] | |
Fair value of financial liabilities related to Orange Bank's activities | € (3,188) |
Mobile Financial Services ac_23
Mobile Financial Services activities - Book value of derivatives, net (Details) - Derivatives [member] - Mobile Finance Services - Operating segments [member] - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount | € (58) | € 54 |
Level 2 of fair value hierarchy [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Derivatives, net amount | € (58) | € 54 |
Mobile Financial Services ac_24
Mobile Financial Services activities - Unrecognized contractual commitments - Commitments given - Tabular disclosure (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Operating leases commitments | € 148 | ||
Operating segments [member] | Mobile Finance Services | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financing commitments | 53 | € 88 | € 87 |
Guarantee commitments | 5 | 6 | 8 |
On behalf of banks | 3 | 4 | 4 |
On behalf of customers | 2 | 2 | 3 |
Total | € 59 | € 94 | € 94 |
Mobile Financial Services ac_25
Mobile Financial Services activities - Unrecognized contractual commitments - Commitments received (Details) - Operating segments [member] - Mobile Finance Services - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||
Received from banks | € 932 | € 871 | € 770 |
Received from customers | 76 | 88 | 102 |
Total | € 1,008 | € 959 | € 872 |
Mobile Financial Services ac_26
Mobile Financial Services activities - Unrecognized contractual commitments - Assets covered by commitments (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Operating segments [member] | Mobile Finance Services | |||
Disclosure of detailed information about financial instruments [line items] | |||
Assets pledged as security to lending financial institutions as guarantees for bank loans | € 726 | € 848 | € 1,160 |
Litigation - Provisions (Detail
Litigation - Provisions (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of other provisions [line items] | ||||
Legal provisions | € 387 | € 405 | € 525 | € 643 |
Legal proceedings contingent liability [member] | ||||
Disclosure of other provisions [line items] | ||||
Legal provisions | € 387 | € 405 | € 525 |
Litigation - France (Details)
Litigation - France (Details) - FRANCE - EUR (€) € in Millions | 1 Months Ended | 12 Months Ended | |||||
Dec. 17, 2015 | Sep. 30, 2021 | Aug. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2022 | Dec. 31, 2018 | Dec. 31, 2017 | |
French Competition Authority, anti-competitive practices judicial inquiry [member] | |||||||
Disclosure of contingent liabilities [line items] | |||||||
Fines imposed | € 3,000 | ||||||
Amount of fines imposed on entity | € 350 | ||||||
Digicel, anti-competitive practices action [member] | |||||||
Disclosure of contingent liabilities [line items] | |||||||
Losses on litigation settlements | € 249 | € 180 | |||||
Fines reimbursed | € 97 | ||||||
Damages awarded including capitalized interest | € 346 | ||||||
Societe francaise du radiotelephone, fixed-line services litigation [member] | |||||||
Disclosure of contingent liabilities [line items] | |||||||
Revised amount of damages awarded | € 53 | ||||||
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 paid | € 1,418 | ||||||
Damages sought | € 500 |
Litigation - Banking activities
Litigation - Banking activities (Details) € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Orange Bank [member] | |
Disclosure of contingent liabilities [line items] | |
Damages sought | € 310 |
Litigation - Poland (Details)
Litigation - Poland (Details) - POLAND € in Millions, zł in Millions | 12 Months Ended | |||
Dec. 28, 2020 EUR (€) | Dec. 28, 2020 PLN (zł) | Dec. 31, 2015 EUR (€) claim | Dec. 31, 2015 PLN (zł) claim | |
P4, pricing litigation [member] | ||||
Disclosure of contingent liabilities [line items] | ||||
Damages sought | € 135 | zł 630 | ||
Number of claims or lawsuits filed | 2 | 2 | ||
Orange Polska and subsidiaries [member] | P4, pricing litigation first compensation claim [Member] | ||||
Disclosure of contingent liabilities [line items] | ||||
Damages sought | € 68 | zł 316 | ||
Orange Polska and subsidiaries [member] | P4, pricing litigation second compensation claim [Member] | ||||
Disclosure of contingent liabilities [line items] | ||||
Damages sought | € 67 | zł 314 |
Litigation - Romania (Details)
Litigation - Romania (Details) € in Millions, RON in Millions | 12 Months Ended | ||
Apr. 16, 2021 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 RON | |
Bouygues Telecom | |||
Disclosure of contingent liabilities [line items] | |||
Claims made against entity in litigation cases | € 78 | ||
FRANCE | Bouygues Telecom | |||
Disclosure of contingent liabilities [line items] | |||
Revalued of alleged losses | € 81 | ||
Romania | ROMANIA | |||
Disclosure of contingent liabilities [line items] | |||
Fines imposed | € 13 | RON 65 |
Litigation - Middle East and Af
Litigation - Middle East and Africa (Details) € in Millions, JD in Millions | 1 Months Ended | 12 Months Ended | |
Nov. 30, 2021 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 JOD (JD) | |
JORDAN | Zain, telecom regulator litigation [Member] | |||
Disclosure of contingent liabilities [line items] | |||
Damages awarded | € 329 | JD 250 | |
Orange Mali [member] | |||
Disclosure of contingent liabilities [line items] | |||
Damages awarded | € 176 |
Main consolidated entities - Ge
Main consolidated entities - General information (Details) | 12 Months Ended |
Dec. 31, 2022 entity | |
Disclosure of subsidiaries [abstract] | |
Number of consolidated entities | 384 |
Main consolidated entities - Ta
Main consolidated entities - Tabular disclosure (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Generale de Telephone [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Orange SA Business Unit France [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Orange Caraibe [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Orange Concessions | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 50% |
Orange Belgium [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 78.32% |
Orange Espagne and its subsidiaries [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
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 | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 99.20% |
Orange Romania Communications and its subsidiary [Member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 53.58% |
Orange Slovensko [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Medi Telecom and its subsidiaries | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 49% |
Orange Botswana [Member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 73.68% |
Orange Burkina Faso [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 85.80% |
Orange Cameroun [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 94.40% |
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) | 37.60% |
Orange Mali [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 29.38% |
Orange RDC [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Sonatel [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 42.33% |
Orange SA - Enterprise Business Unit [Member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Orange Business Services Participations and subsidiaries [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Orange Cyberdefense and its subsidiaries | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Globecast Holding and subsidiaries [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Orange SA Business Unit IC and SS [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
FT IMMO H and subsidiaries [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
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% |
Orange Bank [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Totem France | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Totem Spain | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Jordan Telecom and subsidiaries [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 51% |
Medi Telecom [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 49% |
Orange MEA [member] | |
Disclosure of subsidiaries [line items] | |
Ownership percentage (as a percent) | 100% |
Main consolidated entities - Ad
Main consolidated entities - Additional information (Details) | 12 Months Ended |
Dec. 31, 2022 | |
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) | 49% |
Usufruct acquired, percentage (as a percent) | 1.10% |
Decision of the IFRS IC conce_3
Decision of the IFRS IC concerning IAS 19 "Employee Benefits" on the calculation of obligations relating to certain defined benefit pension plans (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Assets | |||||
Deferred tax asset | € 421 | € 692 | € 674 | € 940 | € 2,853 |
Total non-current assets | 82,847 | 82,236 | 82,582 | 81,701 | 82,406 |
Total assets | 109,650 | 108,071 | 107,676 | 106,689 | 104,262 |
Liabilities | |||||
Equity attributable to owners of the parent company | 31,784 | 32,341 | 34,557 | 31,875 | 30,785 |
Equity attributable to non-controlling interests | 3,172 | 3,020 | 2,643 | 2,687 | 2,580 |
Total equity | 34,956 | 35,361 | 37,200 | 34,561 | 33,364 |
Non-current employee benefits | 2,567 | 2,798 | 1,984 | 2,353 | 2,670 |
Total non-current liabilities | 45,471 | 45,434 | 42,182 | 44,360 | 39,491 |
Total equity and liabilities | 109,650 | 108,071 | 107,676 | 106,689 | 104,262 |
o/w reserves | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | 1,966 | (961) | (1,946) | ||
o/w other comprehensive income | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (711) | (467) | (571) | ||
Total equity | (142) | (62) | (552) | (233) | |
o/w deferred tax | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | 195 | 203 | 232 | ||
o/w actuarial gains and losses | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (579) | (563) | (504) | ||
Total equity | € (337) | € (516) | (579) | (563) | |
Previously stated | |||||
Assets | |||||
Deferred tax asset | 2,893 | ||||
Total non-current assets | 82,446 | ||||
Total assets | 104,302 | ||||
Liabilities | |||||
Equity attributable to owners of the parent company | 30,671 | ||||
Equity attributable to non-controlling interests | 2,580 | ||||
Total equity | 34,561 | 33,251 | |||
Non-current employee benefits | 2,823 | ||||
Total non-current liabilities | 39,644 | ||||
Total equity and liabilities | 104,302 | ||||
Previously stated | o/w reserves | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (2,060) | ||||
Previously stated | o/w other comprehensive income | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (571) | ||||
Previously stated | o/w deferred tax | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | 232 | ||||
Previously stated | o/w actuarial gains and losses | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (504) | ||||
Variation | |||||
Assets | |||||
Deferred tax asset | (261) | (1,901) | |||
Total non-current assets | 886 | (693) | |||
Total assets | 992 | 2,439 | |||
Liabilities | |||||
Equity attributable to owners of the parent company | 2,670 | 1,054 | |||
Equity attributable to non-controlling interests | (44) | 107 | |||
Total equity | 2,626 | 1,161 | |||
Non-current employee benefits | (351) | (269) | |||
Total non-current liabilities | (2,160) | 4,917 | |||
Total equity and liabilities | 992 | 2,439 | |||
Variation | o/w reserves | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | 2,927 | 985 | |||
Variation | o/w other comprehensive income | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (257) | 69 | |||
Variation | o/w deferred tax | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (4) | (16) | |||
Variation | o/w actuarial gains and losses | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (33) | (107) | |||
Effects of IFRS IC decision | |||||
Assets | |||||
Deferred tax asset | (5) | (12) | (40) | ||
Total non-current assets | (5) | (12) | (40) | ||
Total assets | (5) | (12) | (40) | ||
Liabilities | |||||
Equity attributable to owners of the parent company | 13 | 35 | 114 | ||
Total equity | 13 | 35 | 114 | ||
Non-current employee benefits | (18) | (48) | (153) | ||
Total non-current liabilities | (18) | (48) | (153) | ||
Total equity and liabilities | (5) | (12) | (40) | ||
Effects of IFRS IC decision | o/w reserves | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | € 114 | ||||
Effects of IFRS IC decision | o/w other comprehensive income | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | 13 | 35 | |||
Effects of IFRS IC decision | o/w deferred tax | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | (5) | (12) | |||
Effects of IFRS IC decision | o/w actuarial gains and losses | |||||
Liabilities | |||||
Equity attributable to owners of the parent company | € 18 | € 48 |
Auditors' fees - Fees of the au
Auditors' fees - Fees of the auditors (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Ernst and Young [member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 10 | ||
Subtotal | 10.1 | ||
Other services | € 0.4 | 0.4 | |
Total | € 0.4 | € 10.5 | |
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 96% | ||
Subtotal, percent of total (as a percent) | 96% | ||
Other services, percent of total (as a percent) | 100% | 4% | |
Total (as a percent) | 100% | 100% | |
Ernst and Young [member] | Parent Company [Member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 5.2 | ||
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 50% | ||
Deloitte [Member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 8.8 | € 8.2 | |
Subtotal | 8.8 | 8.2 | |
Other services | 0.3 | 0.1 | |
Total | € 9.1 | € 8.4 | |
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 96% | 98% | |
Subtotal, percent of total (as a percent) | 97% | 99% | |
Other services, percent of total (as a percent) | 3% | 1% | |
Total (as a percent) | 100% | 100% | |
Deloitte [Member] | Parent Company [Member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 4.6 | € 4.6 | |
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 50% | 55% | |
KPMG [member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 10.9 | € 9.9 | € 10.2 |
Services required by the law | 0.1 | 0.2 | 0.5 |
Subtotal | 11 | 10.1 | 10.7 |
Other services | 0.9 | 0.4 | 0.1 |
Total | € 11.9 | € 10.5 | € 10.8 |
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 92% | 94% | 94% |
Services required by the law, percent of total (as a percent) | 1% | 2% | 5% |
Subtotal, percent of total (as a percent) | 92% | 96% | 99% |
Other services, percent of total (as a percent) | 8% | 4% | 1% |
Total (as a percent) | 100% | 100% | 100% |
KPMG [member] | Parent Company [Member] | |||
Document Information [Line Items] | |||
Statutory audit fees, certifications, auditing of the accounts | € 4.3 | € 4.4 | € 5.1 |
Services required by the law | € 0.2 | € 0.2 | |
Statutory audit fees, certifications, auditing of the accounts, percent of total (as a percent) | 36% | 42% | 47% |
Services required by the law, percent of total (as a percent) | 2% | 2% |
Auditors fees - Tax services (D
Auditors fees - Tax services (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Auditors' fees | |||
Tax services | € 0 | € 0 | € 0 |