TECHNICOLOR_REGISTRATION_DOCUMENT_2017

- 6 FINANCIAL STATEMENTS Statutory Auditors’ report on the consolidated financial statements for the year ended December 31, 2017

The result of discontinued operations comprises the total of: the post-tax profit of discontinued operations and; ■ the post-tax gain or loss recognized on the measurement to fair value less costs to sell or on the disposal of the assets constituting the ■ discontinued operation. We reviewed the Group’s process and facts provided by Management, according to IFRS 5 criteria, to identify the result of the discontinued operations by verifying that the amounts of operational flows, tax and financial result agree with the income statement of the entities within the Technology segment. We verified the appropriateness of disclosures in the notes to the consolidated financial statements. VERIFICATIONOF THE MANAGEMENT REPORT As required by law, we have also verified in accordance with professional standards applicable in France the information concerning the Group presented in the Board of Directors’ management report. We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements. REPORT ONOTHER LEGAL AND REGULATORY REQUIREMENTS Appointment of the Statutory Auditors We were appointed as statutory auditors of Technicolor by the Shareholders’ Meeting held on May 29, 1985 for Mazars and on June 20, 2012 for Deloitte & Associés. As at December 31, 2017, Mazars and Deloitte & Associés were in the 33 rd year and 6 th year of total uninterrupted engagement respectively. RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGEDWITH GOVERNANCE FOR THE CONSOLIDATED FINANCIAL STATEMENTS Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with International Financial Reporting Standards as adopted by the European Union, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless it is expected to liquidate the Company or to cease operations. The Audit Committee is responsible for monitoring the financial reporting process and the effectiveness of internal control and risk management systems and, where applicable, its internal audit, regarding the accounting and financial reporting procedures. The consolidated financial statements were approved by the Board of Directors.

255

TECHNICOLOR

REGISTRATION DOCUMENT 2017