TECHNICOLOR_REGISTRATION_DOCUMENT_2017

6 - FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Entertainment Services

Corporate & Other* (2)

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TOTAL

Year ended December 31, 2017

(in million euros)

STATEMENT OF OPERATIONS ITEMS Revenues

1,790

2,419

22

-

4,231

Intersegment sales

2

-

1

(3)

-

Earning before Interest & Tax (EBIT) from continuing operations

53

29

(92)

-

(10)

Of which:

Net impairment losses on non-current operating assets

(1)

(8)

-

-

(9)

Restructuring costs

(14)

(22)

(7) (1) (5) (3)

- - - - -

(43) (11)

Other income (expenses) Depreciation & amortization

(8)

(2)

(149)

(86)

(240)

Other non-cash items (1)

(5)

10

2

Adjusted EBITDA

230

137

(76)

291

STATEMENTS OF FINANCIAL POSITION ITEMS Segment assets

1,493

1,376

157

-

3,026

Unallocated assets

686

TOTAL CONSOLIDATED ASSETS

3,712

Segment liabilities Unallocated liabilities

527

1,057

403

-

1,987 1,389

TOTAL CONSOLIDATED LIABILITIES

3,376

OTHER INFORMATION Net capital expenditures

(69)

(74)

(3) 88

- -

(146)

Capital employed

557

25

670

Formerly Other.

* Mainly variation of provisions for risks, litigations and warranties. (1) Following the presentation of the Patent Licensing business as Discontinued Operations, "Trademark Licensing" and "Research & Innovation", formerly reported as part of the (2) Technology segment, have been included in the Corporate & Other segment.

192

TECHNICOLOR REGISTRATION DOCUMENT 2017