TECHNICOLOR_REGISTRATION_DOCUMENT_2017

6 - FINANCIAL STATEMENTS Notes to the Parent Company Financial Statements

FINANCIAL RESULT NOTE 3.

2017

2016

(in million euros)

Dividends received

265

188

Depreciation on financial investments, treasury shares, current accounts and risk provisions regarding subsidiaries, net of reversal

(1,563)

(58)

Depreciation of other assets Net interest income/(expenses)

(13) (15)

-

6

Net gain/(losses) on foreign exchange NET FINANCIAL PROFIT (LOSS)

-

(3)

(1,326)

133

The financial result is mainly impacted by the following subsidiaries: Thomson Licensing SAS ■ - dividends - depreciations: €1,417 million of depreciation on shares in 2017.

255 (1,417)

169 -

Thomson Sales Europe SA ■

-

- depreciations on shares in 2017.

459

Technicolor USA Inc. ■ - depreciations: €(126) million of depreciation on shares in 2017 and €(45) million of depreciation on shares, €106 million of reversal of depreciation on current account and €8 million of reversal of provision for risk on negative net result in 2016.

(126)

69

Technicolor Delivery Technologies SAS ■ - depreciations on shares in 2017 and 2016.

(23)

(91)

Société française d’investissement et d’arbitrage — Sofia SA ■ - depreciations: €4 million of reversal of depreciation on shares in 2017 and €(52) million of depreciation on shares in 2016.

4

(52)

Gallo 8 SAS ■ - reversal of depreciation on shares in 2017 and 2016. Technicolor Brasil Midia e Entretenimento Ltda ■ - dividends received in 2016.

7

13

-

6

EXCEPTIONAL RESULT NOTE 4.

Exceptional items include income or charges of which the nature and amount are not recurring.

2017

2016

(in million euros)

Capital gains on disposals of intangible and financial assets (1)

(1) (3)

-

Restructuring costs (accruals net of reversals and expenses for the year) (2)

(2) (3) (5)

Other net extraordinary profit (expenses) TOTAL EXCEPTIONAL PROFIT (LOSS)

3

(1)

In 2017, resulted from the sale of financial assets. (1) In 2017, corresponds mainly to current actions of group organization. (2) In 2016, was corresponding mainly to a Restructuring Plan on the Group support functions.

In 2017, the other net extraordinary profit/(expense) corresponds mainly to fees related to the External Debt carried out by Technicolor for €2 million (net of deferred expenses of €1 million amortized until 2023).

In 2016, the other net extraordinary profit/(expense) corresponded mainly to fees related to the New Term Loan Debt carried out by Technicolor for €3 million (net of deferred expenses of €1 million amortized over a period of seven years).

264

TECHNICOLOR REGISTRATION DOCUMENT 2017