MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT

Statutory financial statements

FROM 01/01/2017 TO 12/31/2017 (IN MAD THOUSAND)

Item

Current year 2017

Previous year

OPERATING EXPENSES Cost of goods sold

629,207 585,675 43,532 629,207 3,503,463

688,723 697,296

611

Cost of goods

Change in inventory (+/-)

-8,573

TOTAL

688,723 3,681,985

Raw material and supplies

612

Raw materials

0 0

0 0

Change in raw material inventory

Supplies and packaging

143,790

158,101 -25,446 592,677 2,956,653 3,681,985 2,740,708

Change in supplies and packaging inventory Cost of consumable materials and supplies Cost of research, surveys, studies, and services

-1,701

609,554 2,751,821 3,503,463 2,777,274

4

TOTAL

613/614 Other external expenses

Rent and rental expenses Finance lease installments Maintenance and repairs Insurance premiums Payments of external staff

297,371

281,362

0

0

554,876 14,257 244,677 209,823 663,241 40,443 71,177 681,409

534,625 14,357 238,268 196,622 661,118 36,149 72,242 705,966

Payments for intermediaries and fees Fees for patents, trademarks, rights,betc.

Transportation

Travel and entertainment expenses

Other external expenses

TOTAL

2,777,274 2,190,425 1,861,138

2,740,708 2,339,746 2,013,373

Payroll costs

617

Payroll

Social security

329,287

326,373

Other payroll costs

0

0

TOTAL

2,190,425

2,339,746

Other operating expenses

2,540 2,540

2,540 2,540

618

Directors’fees

Losses on uncollectible receivables

0 0

0 0

Other financial expenses

TOTAL

2,540

2,540

FINANCIAL EXPENSES Other financial expenses

95 95

98 98

638

Net losses on disposal of marketable securities

Other financial expenses

0

0

TOTAL

95

98

EXTRAORDINARY EXPENSES Other extraordinary expenses

587,866

161,591

658

Contract cancellation payments and forfeiture of deposits

0 0

342

Back tax payments (other than income tax)

0

Tax penalties and fines Uncollectible receivables Other extraordinary expenses

800

548

0

5,224

587,066 587,866

155,477 161,591

TOTAL

185

MAROC TELECOM ____ 2017 Registration Document

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