technicolor - 2018 Registration document

6 FINANCIAL STATEMENTS NOTE 3 FINANCIAL RESULT

Financial result

NOTE 3

2018

2017

(in million euros)

Dividends received

39

265

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

115

(1,563)

Depreciation of other assets Net interest income/(expenses) Other net financial profit/(expenses) NET FINANCIAL PROFIT (LOSS)

-

(13) (15)

(29)

(2)

-

123

(1,326)

The financial result is mainly impacted by the following subsidiaries: Thomson Licensing SAS • dividends

-

255

depreciations on shares in 2018 and 2017. Thomson Sales Europe SAS • depreciations on shares in 2018 and 2017. Technicolor USA Inc. • depreciations on shares in 2018 and 2017. Technicolor Delivery Technologies SAS • depreciations on shares in 2018 and 2017.

(111)

(1,417)

(1)

459

(155)

(126)

(15)

(23)

Société Française d’Investissement et d’Arbitrage – Sofia SA • reversal of depreciation on shares in 2018 and 2017.

13

4

Gallo 8 SAS • reversal of depreciation on shares in 2018 and 2017.

390

7

Exceptional result

NOTE 4

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

2018

2017

(in million euros)

Capital gains on disposals of intangible and financial assets

(1) (1)

(1) (3)

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

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

9 7

3

(1)

In 2018 and 2017, the other net extraordinary profit/(expense) corresponds mainly to the reversal of provisions on legacy risks.

258

TECHNICOLOR REGISTRATION DOCUMENT 2018