MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

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

27.2 CHANGE IN THE NUMBER OF SHARES

(in MAD million)

2017

2016

2015

Weighted average number of shares outstanding for the period Adjusted weighted average number of shares outstanding forbthe period

879,095,340 879,095,340

879,095,340 879,095,340

879,095,340 879,095,340

Potential dilutive effect of financial instruments outstanding Number of shares including potential dilutive effect

879,095,340

879,095,340

879,095,340

NOTE 28 — SEGMENT DATA

28.1 STATEMENT OF FINANCIAL POSITION: ITEMS BY GEOGRAPHICAL AREA

2017

Total Maroc Telecom Group

(in MAD million)

Morocco 37,129

International

Eliminations

Noncurrent assets Current assets TOTAL ASSETS Shareholders’equity Noncurrent liabilities

24,360

-12,610

48,879 13,803 62,682 19,750

7,963

8,135

-2,295

45,092 17,666

32,495 11,065

-14,905

-8,981 -3,629 -2,295

2,963

5,680

5,014

Current liabilities

24,462 45,092

15,750 32,495

37,918 62,682

TOTAL SHAREHOLDERS’EQUITY AND LIABILITIES

-14,905

Acquisitions of PP&E and intangible assets

4,612

3,643

8,256

2016

Total Maroc Telecom Group

(in MAD million)

Morocco 36,172

International

Eliminations

Noncurrent assets Current assets TOTAL ASSETS Shareholders’equity Noncurrent liabilities

22,446

-12,296

46,322 14,974 61,296 19,298

8,413

8,526

-1,966

44,585 17,600

30,972 10,679

-14,261

-8,981 -3,315 -1,966

4,051

4,666

5,402

Current liabilities

22,934 44,585

15,628 30,972

36,596 61,296

TOTAL SHAREHOLDERS’EQUITY AND LIABILITIES

-14,261

Acquisitions of PP&E and intangible assets

3,906

4,077

7,983

158

MAROC TELECOM ____ 2017 Registration Document