MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT

Consolidated financial statements at 31 December 2015, 2016 and 2017

2015

Change in scope of consolidation Reclassification

Acquisitions and additions

Disposals and withdrawals

Translation adjustment

(in MAD million)

2014

2015

Gross

12,789 7,685 1,556 3,548 -9,831 -6,074

3,497

0

3 4 3

4,172 1,416 2,658

-1,921 -2,097

18,540

Software

468

7,476 6,552 4,513

Telecom license

2,545

-210 387

Other intangible assets

484

-3

98

Amortization and impairment

-1,247

1 3

4

-2,305

1,960 1,750

-11,417

Software

-563 -327 -356

-2

-986

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

Telecom license

-883

4 3 8

-1,298

210

Other intangible assets

-2,874 2,958

-1

-21

-1

NET TOTAL

2,250

1

1,867

38

4

The reclassification column concerns transfers between line items of intangible assets.

NOTE 5 — PROPERTY, PLANT, AND EQUIPMENT

(in MAD million)

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Land

1,607 2,876

1,572 2,859

1,598 2,897

Buildings

Technical plant, machinery, and equipment

26,612

24,451

23,854

Transportation equipment

92

149 747 204

161 723 105

Office equipment, furniture, and fittings Other property, plant, and equipment

712 192

NET TOTAL

32,090

29,981

29,339

The “Other property, plant, and equipment” item mainly includes advances and deposits for property, plant and equipment orders.

139

MAROC TELECOM ____ 2017 Registration Document