MAROC_TELECOM_REGISTRATION_DOCUMENT_2017
4
FINANCIAL REPORT Statutory financial statements
STATEMENT OF CASH FLOWS
SELECTED BALANCE-SHEET DATA
Changes (A-B)
Masses (in MAD thousand)
2017 (A)
2016 (B)
Uses (C)
Sources (D)
1 Equity and long-term liabilities
19,338,173 34,280,818 -14,942,645 7,724,586 15,763,938 -8,039,351 -6,903,294
20,252,447 33,567,470 -13,315,022 7,442,198 14,735,149 -7,292,951 -6,022,071
914,274 713,348
2 Less long-term assets 3 Working capital (1-2) (A)
1,627,623
4 Current assets
282,389
5 Less current liabilities
1,028,789 746,400 881,222
6 Working capital requirement (4-5) (B)
7 Net cash (A-B)
USES AND SOURCES
2017
2016
2015
(in MAD thousand)
Uses
Sources
Uses
Sources
Uses
Sources
I - LONG-TERM FINANCING SOURCES Net Cash earnings (A)
3,867,577 9,458,328 5,590,752
4,125,700 9,715,583 5,589,883
3,536,727 9,602,001 6,065,275
Cash earnings
Dividends
Disposals and reductions of Fixed-lined assets (B)
590,137
990,516
282,388
Reduction of intangible assets
23
464
0
Reduction of property, plant, and equipment Disposal of property, plant, and equipment
44,695 42,771
1,430
1,887 3,753
74
Disposal of financial assets
0
634,752 353,796
0
Write-backs of long-term receivables
502,648
276,748
Increase in shareholders’equity and quasi equity (C)
0 0 0 0
0 0 0 0
0 0 0
Increase in equity, capital contribution
Investment subsidies
Increase in long-term debt (D)
6,032,881
(net of refund premiums) TOTAL (I) LONG-TERM RESOURCES (A+B+C+D) II - LONG-TERM USES FOR THE YEAR Additionsb& increase in Fixed-lined assets (E)
4,457,714
5,116,216
9,851,996
4,972,443
3,969,460
11,071,498 1,520,649 3,145,266 2,199,297 4,206,286
Acquisitions of intangible assets
658,550
497,181
Acquisitions of property, plant, and equipment
3,822,795
3,268,237
Acquisitions of financial assets Increase in long-term receivables
0
110,976 93,067
491,098
Increase in property, plant, and equipment
0 0
0 0
0 0 0 0
Reimbursement of equity (F)
Reimbursement of long-term debt (G)
1,112,894
1,112,894
Capitalized costs (H)
0
0
TOTAL (II) STABLE USES (E+F+G+H)
6,085,337
5,082,354
11,071,498
0 746,400 357,183
0
0 222,161 0 997,342
III - CHANGE INWORKING CAPITAL REQUIREMENT IV - CHANGE IN CASH AND CASH EQUIVALENTS
0 881,222
0 323,321
GRAND TOTAL
6,085,337 6,085,337 5,439,537 5,439,537 11,071,498 11,071,498
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MAROC TELECOM ____ 2017 Registration Document
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