technicolor - 2018 Registration document

6 FINANCIAL STATEMENTS NOTE 1 GENERAL INFORMATION

IFRS TRANSITION & NEW STANDARDS 1.2.2 Main standards, amendments and interpretations effective and applied as of january 1, 2018. 1.2.2.1 New standard and interpretation Main provisions IFRS 15 – Revenue from contracts with customers

IFRS 15 specifies how and when revenue should be recognized. The standard provides a single five-step model to be applied to all contracts with customers. The IASB issued in April 2016 some clarifications on the way those principles should be applied. The new standard did not impact the Group. The Group’s conclusion is described in more details under this table. The Group applied the cumulative effect method at the transition date without restatement of comparative period amounts as permitted by IFRS 15. IFRS 9 issued on July 24, 2014 replaced IAS 39 – Financial Instruments: Recognition and Measurement. The Standard includes requirements for recognition and measurement, classification, impairment, derecognition and general hedge accounting. The Standard introduces guidance on applying the business model assessment and the contractual cash flow characteristics assessment. The impact of the new standard is not significant and described in more details hereafter this table. The Group has not restated comparative periods but presented the cumulative effect as an adjustment to the opening balance of other comprehensive income or retained earnings on January 1, 2018, depending on the nature of the adjustment. These amendments clarify the classification and measurement of share-based payment transactions and in particular: the accounting for cash-settled share-based payment transactions • that include a performance condition; the classification of share-based payment transactions with net • settlement features; the accounting for modifications of share-based payment • transactions rom cash-settled to equity-settled. These amendments did not generate any impact on the Group accounts. These amendments relate to IFRS 1-First -time adoption, IFRS 12-Disclosure of interests in other entities and IAS 28-Investment in associates. They have been adopted by the European Union on February 8, 2018 and are effective from January 1, 2018. They did not generate any impact on the Group accounts. The following table shows the adjustments recognized for each line item in the Statement of financial position. Line items that were not impacted by the changes have not been included, and as a result, the sub-totals and totals cannot be calculated from the numbers provided.

IFRS 9 – Financial Instruments

Amendments to IFRS 2 – Share-based payment

Amendments to IFRS 2014-2016

The Group has adopted IFRS 9 – Financial Instruments and IFRS 15 – Revenue from Contracts with Customers on their effective date as of January 1, 2018. The impacts of adoption on the Group’s consolidated financial statements and accounting policies are described below. In accordance with the transitional provision of IFRS 9 and IFRS 15, the Group has not restated prior year comparatives

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TECHNICOLOR REGISTRATION DOCUMENT 2018