technicolor - 2018 Registration document

FINANCIAL STATEMENTS

TECHNICOLOR 2018 CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2018

Note

(in million euros)

December 31, 2017

EQUITY & LIABILITIES Common stock (414,461,178 shares at December 31, 2018 with nominal value of 1 euro per share)

(7.1) (7.2)

414

414

Treasury shares

(158) 500 (113) (372)

(158) 500

Subordinated Perpetual Notes Additional paid-in capital & reserves Cumulative translation adjustment

(38)

(385)

Shareholders’ equity attributable to owners of the parent

271

333

Non-controlling interest

1

3

TOTAL EQUITY

272 320

336 355

Retirement benefits obligations

(9.2) (10.1)

Provisions

19

23

Contract Liabilities

4

2

Other operating non-current liabilities Total operating non-current liabilities

(5.1)

38

57

382

437

Borrowings

(8.3) (6.2)

1,004

1,077

Deferred tax liabilities

193

193

Total non-current liabilities Retirement benefits obligations

1,579

1,707

(9.2) (10.1)

26 113

27

Provisions

110 947 129

Trade accounts and notes payable Accrued employee expenses

1,135

116

Contract Liabilities

100 310

63

Other current operating liabilities Total operating current liabilities

(5.1)

271

1,799

1,547

Borrowings

(8.3)

20 34

20 33

Income tax payable

Other current financial liabilities Liabilities classified as held for sale

(8.1) (12)

4

1

51

68

Total current liabilities TOTAL LIABILITIES

1,908 3,487 3,759

1,669 3,376 3,712

TOTAL EQUITY & LIABILITIES

6

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

175

TECHNICOLOR REGISTRATION DOCUMENT 2018