technicolor - 2018 Registration document

6 FINANCIAL STATEMENTS

TECHNICOLOR 2018 CONSOLIDATED FINANCIAL STATEMENTS

TECHNICOLOR 2018 CONSOLIDATED 6.1 FINANCIAL STATEMENTS GRI [201-1]

Consolidated statement of operations 6.1.1

December 31,

2018

(in million euros)

Note

2017*

CONTINUING OPERATIONS Revenues

3,988 (3,521)

4,253

Cost of sales Gross Margin

(3,651)

467

602

Selling and administrative expenses Research and development expenses

(3.3) (3.3) (10.1) (4.4) (3.3)

(292) (127)

(350) (149)

Restructuring costs

(62) (81) (24)

(43)

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

(9) (11) 40

Other income (expense)

Earning before Interest & Tax from continuing operations

(119)

Interest income Interest expense

3

3

(43)

(46) (53) (96)

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

(11)

(8.5)

(51)

-

-

Income tax

(6)

(54)

(112) (168)

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

(224)

(12)

157

(5)

Net income (loss)

(67)

(173)

Attributable to: e quity holders of the parent • n on-controlling interest •

(68)

(172)

1

(1)

* 2017 amounts are re-presented to reflect the impacts of Discontinued Operations (see note 12).

The accompanying notes on pages 178 to 246 are an integral part of these consolidated financial statements

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TECHNICOLOR REGISTRATION DOCUMENT 2018