MAROC_TELECOM_REGISTRATION_DOCUMENT_2017
4
FINANCIAL REPORT Consolidated financial statements at 31 December 2015, 2016 and 2017
The “Noncurrent provisions” item mainly includes provisions for retirement benefits, provisions for disputes with third parties, provisions for life annuities as well as noncurrent provisions for taxes.
The “Current provisions” item includes provisions for restructuring expenses, provisions for disputes with third parties, provisions for employee-related expenses, and current provisions for taxes.
2017
Change in scope of consolidation
Translation adjustment
(in MAD million)
2016 470
Charges
Used
Reversals Reclassification
2017 570
Noncurrent provisions Provisions for life annuities Provisions for termination benefits Provisions for disputes with third parties Provisions for voluntary redundancy plan Provisions for employee-related expenses Provisions for disputes with third parties Other provisions Current provisions
126
- 57
24
- 5
10
18
- 1
17
400
43
- 45
20
10
428
28 23
76
- 11
3 1
- 3 - 2
94 32
9
1,208
160
- 12
15
- 419
- 115
838
386
- 386
822
156
- 12
15
- 33
- 115
834
Other provisions
4
0
4
TOTAL
1,679
286
- 69
0
39
- 424
- 104 1,408
The decrease in provisions in 2017 is mainly due to the consumption of provisions for restructuring charges in the amount of 386million dirhams.
2016
Change in scope of consolidation
Translation adjustment
(in MAD million)
2015 535
Charges
Used
Reversals Reclassification
2016 470
Noncurrent provisions Provisions for life annuities Provisions for termination benefits Provisions for disputes with third parties
53
-55
0
-9
-72
18
19
-1
18
381
42
-45
0
-9
-2
33
400
29
7 4
-9
0 0 0
0 0
1
28 23
Other provisions Current provisions
106 834
-69 -37
-16 -42
624
-155
-16
1,208
Provisions for voluntary redundancy plan
131
255
386
Provisions for employee-related expenses
0
Provisions for disputes with third parties
365 338
369
-135
0
-16
-37
275 -317
822
Other provisions
-20
0
0
TOTAL
1,369
677
-210
0
-25
-109
-24
1,679
148
MAROC TELECOM ____ 2017 Registration Document
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