MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

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FINANCIAL REPORT Consolidated results of the past three years

STATEMENT OF FINANCIAL POSITION

ASSETS

(in EUR million)

2017

2016

2015

4,364 1,232 5,596

4,358 1,409 5,767

4,220 1,376 5,596

Non-current assets (a)

Current assets TOTAL ASSETS

SHAREHOLDERS’ EQUITY AND LIABILITIES

(in EUR million) Share capital

2017

2016

2015

471

496

488

Shareholders’equity, attributable to equity holders of the parent

1,414

1,456

1,418

Non-controlling interests Shareholders’equity Non-current liabilities Current liabilities (a)

350

360

403

1,763

1,816

1,821

448

508

634

3,385 5,596

3,443 5,767

3,142

TOTAL SHAREHOLDERS’EQUITY AND LIABILITIES 5,596 (a) In accordance with IFRSb3, the financial statements at 31bDecemberb2015 (goodwill and trade accounts payable) have been restated for the impact of the final purchase price allocation for Moov subsidiaries.

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MAROC TELECOM ____ 2017 Registration Document