technicolor - 2018 Registration document
6 FINANCIAL STATEMENTS NOTE 3 INFORMATION ON OPERATIONS
Operating income & charges
3.3
GRI [201-4]
3.3.1
RESEARCH & DEVELOPMENT EXPENSES
2018 (127)
2017*
(in million euros)
Research and Development expenses, gross
(156)
Capitalized development projects Amortization of capitalized projects
53
48
(57)
(46)
Subsidies (1)
4
5
RESEARCH AND DEVELOPMENT EXPENSES, NET
(127)
(149)
Includes mainly research tax credit granted by the French State. (1) 2017 amounts are re-presented to reflect the impacts of Discontinued Operations (see note 12). *
3.3.2
SELLING & ADMINISTRATIVE EXPENSES
2018 (111) (181) (292)
2017* (145) (205) (350)
(in million euros)
Selling and marketing expenses
General and administratives expenses
SELLING AND ADEMINISTRATIVE EXPENSES
2017 amounts are re-presented to reflect the impacts of Discontinued Operations (see note 12). *
OTHER INCOME (EXPENSE) 3.3.3 Other operating income (expense) is defined under
gains and losses on disposals of fully consolidated companies, Recommandation 2013-03 of the French CNC relating to the incurred or estimated costs related to major litigation, as well as items format of consolidated financial statements prepared under in connection with Revised IFRS 3 and Revised IAS 27 such as international accounting standards, and comprises significant items acquisition costs related to business combinations and changes in that, because of their exceptional nature, cannot be viewed as earn-outs related to business combinations. inherent to Technicolor’s current activities. These mainly include
2018
2017
(in million euros)
Capital gains and losses Litigations and others
1
-
(25) (24)
(11) (11)
OTHER INCOME (EXPENSE)
The business transfer agreement entitles Technicolor to receive a share of the combined digital cinema business'distributable cash until 2024. This amount is estimated based on contractual commitments. In 2017, the other expenses mainly include €5 million of mergers and acquisition fees.
In 2018, the other income mainly includes : litigations with customers and vendors within Connected Home • segment for €9 million and Entertainment Services segment for €4 million, as well as a €5 million provision in the DVD Services division. a €4 million earn-out to be received from Deluxe further to the • disposal by Technicolor of its Digital cinema business in June 2015.
194
TECHNICOLOR REGISTRATION DOCUMENT 2018
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