MAROC_TELECOM_REGISTRATION_DOCUMENT_2017
4
FINANCIAL REPORT Consolidated financial statements at 31 December 2015, 2016 and 2017
NOTE 29 — RESTRUCTURING PROVISIONS
Total Maroc Telecom Group
(in MAD million)
Morocco
International
BALANCE AT JAN. 01, 2015
134
0
134
Change in scope and adjustment of allocation of acquisition price Allocated Used
-4
-4
Reversed BALANCE AT DEC. 31, 2015
131
0
131
Change in scope and adjustment of allocation of acquisition price Allocated
255
255
Used Reversed BALANCE AT DEC. 31, 2016
386
0
386
Change in scope and adjustment of allocation of acquisition price Allocated Used Reversed
-386
-386
BALANCE AT DEC. 31, 2017
0
0
0
Provisions for restructuring were used after the finalization of the voluntary redundancy plan in Morocco.
NOTE 30 — RELATED-PARTY TRANSACTIONS
30.1 COMPENSATION OF CORPORATE OFFICERS, SENIOR MANAGERS, AND DIRECTORS IN 2015, 2016, AND 2017
(in MAD million)
2017
2016
2015
84
55 65
48
Short-term benefitsb (a) Termination benefitsb (b)
105 55 (a) Wages and salaries, compensation, incentives and bonuses paid, social security contributions, paid leave and nonmonetary benefits recognized. (b) Severance pay.
30.2 EQUITY AFFILIATES In 2015, 2016 and 2017 no company is consolidated by the equity method.
30.3 OTHER RELATED PARTIES Maroc Telecom conducted transactions in 2017mainly with Emirates Telecommunications Corporation, Atlantique Telecom and Etisalat Intl Rep. Of Benin, Etihad Etisalat Company (Mobily), EDCH, Etisalat International Nigeria Limited (EIN) and Excelcommindo (Excel) as part of the strategic cooperation with the Etisalat Group. These different transactions are summarized as follows:
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MAROC TELECOM ____ 2017 Registration Document
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