MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

FINANCIAL REPORT

Statutory financial statements

C2 — APPROPRIATION OF YEAR-END INCOME

FROM 01/01/2016 TO 12/31/2016 (IN MAD THOUSAND)

Amount

Amount

A. Source of income (Decision of 04/25/2017)

B. Income appropriation Legal reserves

0

Retained earnings at 12/31/2016

0 Other reserves

600,534

Net income to be allocated Net income for the period Withholding from reserves

0 Directors’share in profits

0

6,191,285 Dividends

5,590,752

0 Other allocations 0 Retained earnings

0 0

Other reserves

4

TOTAL A

6,191,285 TOTAL B

6,191,285

C3 — INCOME AND OTHER SIGNIFICANT ITEMS OVER THE PAST THEE YEARS

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

Description

2017

2016

2015

Net equity of the Company Shareholders’equity and quasi-equity less capitalized costs

15,363,637

15,254,928

14,653,526

Operations and income from period Revenues excluding tax

19,900,391 7,665,035 1,965,575 5,590,752

20,058,482 8,253,658 2,062,373 5,589,883

20,242,939 7,978,770 2,040,864 6,065,275

Income before tax

Corporate income tax

Dividends

Unappropriated income (placed in reserves or to be allocated)

600,534

348,023

483

Earnings per share Earnings per share for period (in MAD)

6.48 6.36

7.04 6.36

6.75 6.90

Dividends per share (in MAD)

189

MAROC TELECOM ____ 2017 Registration Document