MAROC_TELECOM_REGISTRATION_DOCUMENT_2017
4
FINANCIAL REPORT Consolidated financial statements at 31 December 2015, 2016 and 2017
2017
Change in scope of consolidation Reclassification
Acquisitions and dotations
Disposals and withdrawals
Translation adjustment
Assets held for sale
(in MAD million)
2016
2017
Gross Land
95,532
6,851
-164
1,540
0 0
-432
0 103,303
1,584 8,300
16
31 53
0 0
1,631 8,650
Buildings
297
0
0
Technical plant, machinery andbequipment Transportation, equipment
79,402
6,164
-10
1,364
0
-386
86,534
616
36
-113
13
0
-2
549
Office equipment furniture andbfittings Other property, plant, andbequipment
5,303
200
-40
61
0
80
5,604
327
115
0
17
0
-122
336
Depreciation and impairment
-65,551
-5,595
380
-1,050
0
604
-71,213
Land
-12
-13
0
-24
Buildings
-5,441
-287
1
-48
0
-5,774
Technical plant, machinery, andbequipment Transportation equipment
-54,951
-4,974
291
-931
0
643
-59,922
-467
-42
48
-12
0
16
-457
Office equipment, furniture, andbfittings Other property, plant, andbequipment
0
-56
-4,892
-4,557
-265
39
-53
-123
-14
0
-7
-144
NET TOTAL
29,981
1,256
216
489
0
148
0 32,090
Acquisitions of property, plant and equipment (PP&E) amounting to MAD 6,851 million reflect investment in network infrastructure in 2017, as follows: – MAD 3,517 million in Morocco due for the modernization of Mobile, Fixed-line and Internet infrastructure;
– MAD 2,647 million investments in international network infrastructure. In 2017, allocations to depreciation of tangible fixed assets (PP&E) were up 8.6%, corresponding to investments in Morocco and internationally.
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MAROC TELECOM ____ 2017 Registration Document
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