TECHNICOLOR_REGISTRATION_DOCUMENT_2017

6 - FINANCIAL STATEMENTS Technicolor 2017 consolidated financial statements

TECHNICOLOR 2017 CONSOLIDATED 6.1 FINANCIAL STATEMENTS [G4-EC1] GRI

CONSOLIDATED STATEMENT OF OPERATIONS

6.1.1

December 31

Note

2017

2016*

(in million euros)

CONTINUING OPERATIONS Revenues

4,231

4,628

Cost of sales Gross Margin

(3,651)

(3,935)

580

693

(3.3) (3.3)

Selling and administrative expenses Research and development expenses

(355) (172)

(384) (177)

(10.1) (4.4)

Restructuring costs

(43) (9) (11) (10) (46) (54) (97) 3

(44) (13)

Net impairment gains (losses) on non-current operating assets

(3.3)

Other income (expense)

1

Earning before Interest & Tax from continuing operations

76

Interest income Interest expense

4

(85) (73)

Other financial income (expense) Net financial income (expense) Share of gain (loss) from associates

(8.4)

(154)

-

2

(6)

Income tax

(112) (219)

(30)

Profit (loss) from continuing operations DISCONTINUING OPERATIONS Net profit (loss) from discontinuing operations

(106)

(12)

46

80

NET INCOME (LOSS)

(173)

(26)

Attributable to:

Equity holders of the parent ■ Non-controlling interest ■

(172)

(26)

(1)

-

2016 amounts are re-presented to reflect the impacts of Discontinued Operations (see Note 12) *

The accompanying notes on pages 183 to 251 are an integral part of these consolidated financial statements.

176

TECHNICOLOR REGISTRATION DOCUMENT 2017