MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

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FINANCIAL REPORT Consolidated financial statements at 31 December 2015, 2016 and 2017

15.2. NET CASH BY MATURITY The breakdown by maturity is based on the repayment terms and conditions of the borrowings. 2017

(in MAD million)

<1 year

1-5 years

>5 years

Total 7,113 7,977

Bank loans

2,913 7,977

4,200

Bank overdrafts

BORROWING AND OTHER FINANCIAL LIABILITIES

10,890

4,200

0

15,090

Cash and cash equivalents

2,010

2,010

Cash held in escrow for repayment of bank loans

38

38

NET CASH POSITION

-8,842

-4,200

0

-13,042

2016

(in MAD million)

<1 year

1-5 years

>5 years

Total 7,217 7,559

Bank loans

2,551 7,559

4,641

25

Bank overdrafts

BORROWING AND OTHER FINANCIAL LIABILITIES

10,110

4,641

25

14,775

Cash and cash equivalents

2,438

2,438

Cash held in escrow for repayment of bank loans

48

48

NET CASH POSITION

-7,623

-4,641

-25

-12,289

2015

(in MAD million)

<1 year

1-5 years

>5 years

Total 8,477 7,172

Bank loans

2,438 7,172 9,610 3,082

6,012

26

Bank overdrafts

BORROWING AND OTHER FINANCIAL LIABILITIES

6,012

26

15,648

Cash and cash equivalents

3,082

Cash held in escrow for repayment of bank loans

11

11

NET CASH POSITION

-6,517

-6,012

-26

-12,555

150

MAROC TELECOM ____ 2017 Registration Document