MAROC_TELECOM_REGISTRATION_DOCUMENT_2017
FINANCIAL REPORT
Statutory financial statements
STATEMENT OF OPERATING DATA
Operating Statement (in MAD thousand)
2017
2016
2015
1 2
Sales of goods
382,127 629,207 -247,080
378,063 688,723 -310,660
311,568 745,083 -433,515
-
Cost of goods sold
I
= GROSS MARGIN ON SALES
II
+ PRODUCTION FOR THEbYEAR: (3+4+5)
19,518,264 19,680,420 19,931,387 19,518,264 19,680,420 19,931,371
3 4 5
Sales of manufactured goods and services rendered
Change in inventories Self-constructed assets
0 0
0 0
0
16
III
-
COST OF CURRENT YEAR PRODUCTION
6,280,737 6,422,693 6,098,417 3,503,463 3,681,985 3,385,126 2,777,274 2,740,708 2,713,291 12,990,446 12,947,066 13,399,455
6 7
Raw materials and supplies Other external expenses
4
IV
= ADDED VALUE (I+II-III) + Operating subsidies
8 9
0
0
0
-
Taxes
222,417
185,290
285,954
10 -
Payroll costs
2,190,425 2,339,746 2,304,415 10,577,605 10,422,030 10,809,086
V
= GROSS OPERATING SURPLUS = Net loss from operations
0
0
0
11 + Other operating income
31,436
629,850
364,140
12 -
Other operating expenses
2,540
2,540
2,326
13 + Operating write-backs, expense transfers
392,815
377,310
385,926
14 -
Operating allowances
4,323,437 4,432,418 4,173,633 6,675,879 6,994,233 7,383,194
VI
= OPERATING INCOME (+bOR -)
VII
+/-
FINANCIAL INCOME
1,006,272 1,280,826
684,230
VIII
= ORDINARY INCOME (+bOR -)
7,682,151 8,275,059 8,067,424
IX
+/-
EXTRAORDINARY INCOME
-17,116
-21,400
-88,654
15 -
Corporate income tax
1,965,575 2,062,373 2,040,864 5,699,461 6,191,285 5,937,906
X
= NET INCOME (+bOR -)
Operating Cash Flow (in MAD thousand)
2017
2016
2015
1
Net income
+ Profit
5,699,461 6,191,285 5,937,906
-
Loss
0
0
0
3,644,867 3,639,680 3,496,628
2 3 4 5 6 7 8 9
+ Operating allowancesb (a) + Financial allowancesb (a) + Extraordinary allowancesb (a)
107,647 287,531
72,964 272,269
37,789 261,636
1,112
1,121
1,117
- - - -
Operating write-backsb (b) Financial write-backsb (b) Extraordinary write-backsb (b) (c)
52,964 251,018 42,771 66,687
37,789 202,827 634,826 415,948
0
128,354
Proceeds on disposal of Fixed-lined assets
3,753 1,266
+ Net book value of disposed assets
I
CASH EARNINGS Dividend payments NET CASH EARNINGS
9,458,328 9,715,583 9,602,001 5,590,752 5,589,883 6,065,275
10 -
3,867,577
II
4,125,700 3,536,727
(a) Excluding allowances related to current assets and liabilities and cash. (b) Excluding write-backs relating to current assets and liabilities and cash. (c) Including write-backs of investments subsidies.
171
MAROC TELECOM ____ 2017 Registration Document
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