MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

4

FINANCIAL REPORT Consolidated financial statements at 31 December 2015, 2016 and 2017

2017

Change in scope of consolidation Reclassification

Acquisitions and additions

Disposals and withdrawals

Translation adjustment

(in MAD million)

2016

2017

Gross

20,009

1,405

-11 -11

445 117 292

-274 -271

21,574

Software

7,732 7,296 4,981

911

8,478 7,588 5,507

Telecom license

0

Other intangible assets

494

36

-3

Amortization and impairment

-12,631

-1,332

10 10

-246

110 118

-14,089

Software

-6,321 -2,708 -3,601 7,378

-528 -434 -369

-84

-6,804 -3,299 -3,985 7,485

Telecom license

-138

-19

Other intangible assets

-25

10

NET TOTAL

73

-1

199

-164

Intangible assets recorded an increase of MAD 1,405 million relating to new acquisitions detailed as follows: – investments in intangible networks in the amount of MAD 911 million; – investments in patents and trademarks in the amount of MAD 326 million in Morocco.

2016

Change in scope of consolidation Reclassification

Acquisitions and additions

Disposals and withdrawals

Translation adjustment

(in MAD million)

2015

2016

Gross

18,540

2,052

0

-242

0

-340 -353

20,009

Software

7,476 6,552 4,513

695 888 468

-86

7,732 7,296 4,981

Telecom license

-143

Other intangible assets

-13

13

Amortization and impairment

-11,417

-1,356

0

117

0

25 41

-12,631

Software

-5,873 -2,294 -3,250 7,123

-551 -446 -359 696

62 47

-6,321 -2,708 -3,601 7,378

Telecom license

-16

Other intangible assets

8

0

NET TOTAL

0

-125

0

-315

138

MAROC TELECOM ____ 2017 Registration Document