|
(in millions of euros) |
December 31, 2017 |
December 31, 2016 |
December 31, 2015 |
|
Advances and downpayments |
92 | 99 | 85 |
|
Submarine cable consortiums (1) |
157 | 235 | 410 |
|
Security deposits paid |
79 | 78 | 57 |
|
Orange Money - isolation of electronic money (1) |
408 | 319 |
- |
|
Others |
475 | 448 | 516 |
|
Total |
1,211 | 1,179 | 1,068 |
|
(1) These receivables are offset by the liabilities of the same amount (see accounting policies and Note 5.7). |
|||
|
(in millions of euros) |
2017 | 2016 | 2015 |
|
Other assets in the opening balance |
1,179 | 1,068 | 753 |
|
Business related variations |
49 | 24 | 304 |
|
Changes in the scope of consolidation |
(6) | 98 | 12 |
|
Translation adjustment |
(13) | (16) | 4 |
|
Reclassifications and other items |
2 | 5 | (5) |
|
Reclassification to assets held for sale |
- |
- |
- |
|
Other assets in the closing balance |
1,211 | 1,179 | 1,068 |
|
o/w other non-current assets |
110 | 106 | 85 |
|
o/w other current assets |
1,101 | 1,073 | 983 |
|
Other assets relating to “Submarine cable consortiums” are receivables from submarine cable consortium members when Orange is in charge of centralizing the payments to the equipment suppliers that build and manage these cables. These receivables are offset by the liabilities of the same amount (see Note 5.7). Orange Money is a money transfer, payment and financial services solution provided via an electronic money (“e-money”) account linked to an Orange mobile number. 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: ■ assets restricted to an amount equal to the e-money in circulation outside of the Orange group (or UV in circulation); ■ UV in circulation under liabilities, representing the obligation to reimburse the third-party holders (customers and third-party distributors). These two headings are presented under “other assets” and “other liabilities” and under operating activities as “change in working capital requirement”. |