MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT

Consolidated financial statements at 31 December 2015, 2016 and 2017

2017

Atlantique Telecom, S. A

Etisalat Intl Rep. of Benin

(in MAD million )

Etisalat

Mobily

EDCH

EIN Excelcommindo

Revenues Expenses

139

66

16

6 3 2 0

0 1 0 8

1 2 1 2

0 0 0 2

46 47

3

3

Receivables

20 10

11

Payables

3,881

3

2016

(in MAD million)

Etisalat

Mobily

Revenues Expenses

163

7 5 6 3

21 24

4

Receivables

Payables

4,863

2015

(in MAD million)

Etisalat

Mobily

Revenues Expenses

202

6

26 41

17

Receivables

1

Payables

6,003

11

NOTE 31 — CONTRACTUAL COMMITMENTS AND CONTINGENT ASSETS AND LIABILITIES

31.1 CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS RECORDED IN THE BALANCE SHEET

Less than 12 months

(in MAD million) Long-term debt

Total

1-5 years

>5 years

15,090

10,890

4,200

0 0 0

Capital lease obligations

7

7

Operating leases

105

30

76

Irrevocable purchase commitments Other long-term commitments TOTAL

15,203

10,919

4,283

0

161

MAROC TELECOM ____ 2017 Registration Document