Examples of Orange SA in a sentence
Orange Polska S.A. operates under the Orange brand pursuant to a licence agreement concluded with Orange S.A. and Orange Brand Services Limited (hereinafter referred to as “OBSL”).
Cash and cash equivalents consist of cash in bank and on hand, cash deposits with Orange S.A. under the Cash Management Treasury Agreement and other highly-liquid instruments that are readily convertible into known amounts of cash and are subject to insignificant changes in value.
The Group enters into derivatives contracts with Orange S.A. and leading financial institutions.
The above-mentioned Cash Management Treasury Agreement with Orange S.A. gives the Group access to back-up liquidity funding with headroom of up to PLN 1,750 million.
The Group deposits its cash and cash equivalents with Orange S.A. and leading financial institutions with investment grade.
The Group and Atlas Services Belgium S.A., a subsidiary of Orange S.A., concluded loan agreements for EUR 670 million, PLN 2,700 million and Revolving Credit Facility Agreement for up to EUR 480 million (see Note 18.1).
The fair value of services rendered by managers for granting equity instruments of Orange S.A. recognised in labour expense in 2017 amounted to PLN 0.2 million.
As at 31 December 2017, Orange S.A. owned 50.67% of shares of the Company and had the power to appoint the majority of OPL S.A.’s Supervisory Board Members.
Cash and cash equivalents deposited with Orange S.A. relate to the Cash Management Treasury Agreement (see Note 23.6).
Additionally, the Cash Management Treasury Agreement with Orange S.A. enables the Group to deposit its cash surpluses with Orange S.A.Translation of the financial statements originally issued in Polish The Group also manages liquidity risk by maintaining committed, unused credit facilities, which create a liquidity reserve to secure solvency and financial flexibility.