MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT

Consolidated financial statements at 31 December 2015, 2016 and 2017

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Earnings and retained earnings

Other comprehensive income

Non controling interest

Share capital 5,275

Total Group share

(in MAD million)

Total

RESTATED POSITION AT JANUARY 1, 2015 Total comprehensive income for the period

10,833 5,595

-223

15,884 5,547

4,278 20,163 953 6,500

-48

Change in gains and losses recognized directly in equity and recyclable in profit or loss

0

-49 -49

-49 -49

-29 -29

-78 -78

Gains and losses on translation

Change in gains and losses recognized directly in equity and recyclable in profit or loss

1 0

1 0 0

0 0

1 0

Actuarial difference

Change in percentage with assumption/loss of control

215

215

4

Dividends

-6,065

-6,065

-1,089 -7,154

Treasury stock

0

0

Other adjustements

-22

-22

3

-19

RESTATED POSITION AT DECEMBER 31, 2015 Total comprehensive income for the period Change in gains and losses recognized directly in equity and recyclable in profit or loss

5,275

10,341 5,598

-271 -142 -142 -142

15,344 5,456

4,360 19,704 901 6,357

0

-142 -142

-130 -130

-271 -271

Gains and losses on translation

Change in gains and losses recognized directly in equity and recyclable in profit or loss

-14 -14

-14 -14

-10 -10

-23 -23

Actuarial difference

Actuarial gains and loses

0 0 0

0 0 0

Capital increase Capital decrease

Change in percentage without assumption/loss of control Change in percentage with assumption/loss of control

282

282

-337

-55

0

0

Dividends

-5,590

-5,590

-1,118 -6,708

Treasury stock

40

40

40

Other adjustements

-42

-42

25

-17

POSITION AT DECEMBER 31, 2016

5,275

10,628

-427

15,476

3,822 19,298

125

MAROC TELECOM ____ 2017 Registration Document