MAROC_TELECOM_REGISTRATION_DOCUMENT_2017
4
FINANCIAL REPORT Consolidated financial statements at 31 December 2015, 2016 and 2017
NOTE 6 — INVESTMENTS IN EQUITY AFFILIATES
No equity interest was accounted for by the equity method in 2015, 2016, or 2017.
NOTE 7 — NONCURRENT FINANCIAL ASSETS
(in MAD million)
Note
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Unconsolidated investments
7.1
102 233 335
156 171 327
212 117 329
Other financial assets
NET TOTAL
At 31bDecemberb2017, other financial assets mainly comprised: – AT Togo financial receivables in the amount of MAD 79 million; – Etisalat Bénin financial receivables in the amount of MAD 58bmillion;
– loans by Mauritel amounting to MAD 34 million; – loans to Maroc Telecom staff amounting to MAD 16 million.
At 31bDecemberb2017, the maturities of other financial assets were as follows:
(in MAD million)
Note
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Due in less than 12bmonths
172
9
42 69
Due in 1 to 5byears
59
159
Due in more than 5byears
2
3
6
NET TOTAL
233
171
117
7.1
UNCONSOLIDATED INTERESTS
2017 (in MAD million)
Percentage held
Gross value
Impairment Carrying amount
Arabsat
NS NS NS 8% 9% NS
12 20 10
12 16 10 31 11 13 0
Autoroute du Maroc
4
Thuraya
Fond d’amorçage Sindibad
10%
5
5
Médi1 TV RASCOM
169
138
47 13
36
Sonatel
CMTL
25%
6
6 4
0 8 1 0 0
INMARSAT
NS
12
IMT/GIE
20%
1
MT Fly
100%
20
20
Hôtels de la GARE
NS
1
1
TOTAL
316
213
102
In 2017, the percentage of non-consolidated listed companies was nearly unchanged.
142
MAROC TELECOM ____ 2017 Registration Document
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