The interpretation states that entities should use judgment to decide whether each uncertain tax treatment should be considered independently or whether some tax treatments should be considered together, when determining taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates. This accounting treatment does not affect the legal classification of these transactions under French law, which still corresponds to the rental of a movable asset. Market place: Eurolist A of Euronext Paris (SRD), Member of Euro Stoxx, SBF 120, CAC Mid 100, Iliad SA published this content on 17 March 2020 and is solely responsible for the information contained therein. Provide 700 MHz coverage across the main transport hubs, including ports, within 42 months, and across the main tourist areas within 66 months of them being identified. On May 29, 2018, the Group launched its mobile network in Italy under the iliad brand, becoming the country's fourth operator, and had over 5.2 million subscribers at December 31, 2019. the service period that must be completed in order for the options to vest), with a corresponding adjustment to equity for equity-settled plans and to employee-related liabilities for cash-settled plans. The Group controls an entity, if and only if, it has all of the following elements of control: Subsidiaries are fully consolidated from the date on which control is transferred to the Group and they are deconsolidated from the date that control ceases. The Group did not elect to apply the exemptions available in IFRS 16 relating to leases with terms of 12 months or less or for which the underlying asset is of low value. Return to growth for revenues in France (3.0%), led by a good performance from Mobile.

They are subsequently measured at amortized cost. In accordance with IAS 21, items included in the financial statements of each of the Group's entities are measured using the currency of the primary economic environment in which the entity. Mobile ARPU invoiced to subscribers: includes revenues invoiced to subscribers divided by the total number of Mobile subscribers during the period. NOTE 29: STOCK OPTION AND SHARE GRANT PLANS.

In 2010, the EIB granted iliad a €150 million loan in order to help finance the rollout of the Group's ADSL and FTTH networks. The fair value of liabilities related to finance leases corresponds to their carrying amount in view of their differing forms and maturities. Achieve a 25% share of the mobile market in the long term. , with an acceleration in commercial launches on France's public initiative networks (PINs). Purchases used in production mainly include: The Group's headcount can be analyzed as follows by category: The methods used for recognizing and measuring pension and other post-employment benefit obligations comply with IAS 19R, Employee Benefits (see Note 1). e P. IVA 09032310154 The partnership deal was completed by iliad Italia on December 3, 2019 and a total amount of €600 million was paid to iliad. Goodwill arising on acquisitions of subsidiaries is recognized as an intangible asset.

As a significant portion of the Group's borrowings is at fixed rates (bonds and EIB loans), it did not consider it necessary to set up any interest rate hedges at December 31, 2019. The Group has elected to present an additional indicator of earnings performance in its income statement: EBITDA is a key indicator of the Group's operating performance and corresponds to profit from ordinary activities (as defined above) before: 1-5.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES. Intensified marketing of the Group's Fiber plans in less densely populated areas. These bonds will be redeemed at face value at maturity on December 5, 2022. New tranches were subsequently brought into service throughout 2018 (representing 34.03% of the band) and in 2019 (45.31%). October 30, 2021: 10% of the shares will vest if the EBITDA margin in France (excluding sales of devices) for 2020 is higher than 40%. assumptions concerning the employee's probability of either leaving the Group or dying before the age of payment of the benefit; the discounted value of the benefit at the measurement date.

By way of decision 2011-1169 dated October 11, 2011, ARCEP authorized Free Mobile to use a block of frequencies in the 2.6 GHz band in Metropolitan France in order to set up and operate a mobile communications network for public use. Vesting conditions not taken into account for the fair value measurement at the vesting date are taken into account in estimating the number of shares that will vest at the end of the vesting period. Better trends for Fixed services revenues (up 0.4% for the year as a whole, and 3.4% in the fourth quarter). During 2018, the Company granted shares representing 0.5% of its share capital to 122 employees and executive officers. In relation to their neighboring rights the three companies are claiming lump-sum damages (which they will allocate between themselves) amounting to €811,600 for each month between March 20, 2019 and the end of the alleged breach, as well as €150,000 in damages for non-pecuniary losses. Unless otherwise specified, all amounts are presented in millions of euros. Separately recognized goodwill is tested for impairment annually - or whenever events or circumstances indicate that it may be impaired - and is carried at cost less any accumulated impairment losses. Part of this frequency portfolio was used by Wind/H3G during a transition period that expired at the end of 2019.

Have rolled out between 10,000 and 12,000 sites by. As iliad's average share price in 2019 was €97.64, all of the Group's stock option and free share plans were considered to be dilutive during the year except for the iliad free share plan set up in 2019. The distinction is important because an acquirer recognizes goodwill only in acquiring a business, not in acquiring a group of assets. European stocks end higher as Trump-driven selling eases, French Telecoms Commit to EUR2.79 Billion as Main 5G Auction Closes, French state to raise 2.8 bln euros from 5G spectrum sale, France's 5G spectrum price tag rises to at least 2.65 billion euros, French telcos take 5G spectrum price tag to at least 2.4 billion euros, Europe lockdown fears trigger worst stocks sell-off in three months, Iliad's shares fall after $4.2 billion bid for Polish telco Play, NIPPON TELEGRAPH AND TELEPHONE CORPORATION, Chief Executive Officer, Director & Senior VP. Have 2 million Fiber subscribers by 2020 and 4.5 million by 2024. All Group companies have a December 31 fiscal year-end.

➢ Items that will not be reclassified to profit: ▪ Post-employment benefit obligations (IAS 19 revised): impact, ▪ Items of OCI arising from equity-accounted investments that, Other comprehensive income for the period, net of. Amortization is spread over the period based on decreasing volumes between 2017 and 2020. iliad is the parent company of Free, the inventor of the Freebox, the first multiservice box on ADSL. On December 23, 2019, iliad sold to Cellnex 70% of On Tower France's shares for €1,404 million. , with an average download speed of 44 Mbps, according to nPerf. The carrying amount of assets under construction is included in the carrying amounts of the various categories of property, plant and equipment, as follows: The Group has three main equity-accounted investees: Share of profit/(loss) of equity-accounted investees: Share of profit/(loss) of equity-accounted investees before tax, Share of tax of equity-accounted investees, Share of profit/(loss) of equity-accounted investees after tax. IFRS 16 specifies how both lessors and lessees should recognize, measure, present and disclose leases. Loans granted by the European Investment Bank (EIB). Development costs incurred in 2019 are presented net of any related research tax credits. , in line with the Group's aim of being the alternative operator of choice for latest- generation networks: Largest Fiber network out of France's three alternative operators, with 13.9 million connectible sockets.

As iliad's average share price in 2019 was €97.64, all of the Group's stock option and free share plans were considered to be dilutive during the year except for the iliad free share plan set up in 2019. Amendments to IAS 39, IFRS 7 and IFRS 9: Interest Rate Benchmark Reform. These transactions had no impact on the number of Company shares or the amount of its share capital.

In addition, interest cost and expected return on plan assets have been replaced with a net interest amount that is calculated by applying the discount rate to the net defined benefit liability (asset). Associates are all entities over which the Group has significant influence but not control or joint control (i.e. VAT), Suppliers of goods and services (incl. On April 26, 2019, KFW IPEX-Bank granted the Group a further €150 million loan to help finance the rollout of its fixed and mobile networks in France and Italy. The table below shows the Group's net interest rate exposure at December 31, 2019. This loan is repayable in installments with a final maturity in 2020.

This facility took the form of a bullet loan with a five-year maturity. Tutti i diritti riservati. IAS 23, Borrowing Costs: clarifying how an entity determines the amount of borrowing costs eligible for capitalization when it borrows funds generally and uses them to obtain a qualifying asset. There was a sharp upswing in the Group's sales performance in 2019. iliad is now France's leader in terms of Fiber net adds, ahead of the incumbent operator. Consequently, on the basis of these impairment tests, no impairment losses were recognized against any of the assets allocated to the two CGUs. Provisions are considered to be long-term when the Group does not expect to use them within 12 months of the balance sheet date. Copyright © 2005-2020 Mediaset. Analysis of the corporate income tax charge. European stocks end higher as Trump-driven selling eases, French Telecoms Commit to EUR2.79 Billion as Main 5G Auction Closes, French state to raise 2.8 bln euros from 5G spectrum sale, France's 5G spectrum price tag rises to at least 2.65 billion euros, French telcos take 5G spectrum price tag to at least 2.4 billion euros, Europe lockdown fears trigger worst stocks sell-off in three months, Iliad's shares fall after $4.2 billion bid for Polish telco Play, NIPPON TELEGRAPH AND TELEPHONE CORPORATION, Chief Executive Officer, Director & Senior VP.

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