TECHNICOLOR_REGISTRATION_DOCUMENT_2017

6 - FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Source of deferred taxes 6.2.2.

2017 1,348

2016 1,578

(in million euros)

Tax losses carried forward

Tax effect of temporary differences related to: Property, plant and equipment

20 19

25 33

Goodwill

Intangible assets

(108)

(185)

Investments and other non-current assets

(3)

(9)

Inventories

10 15

10

Receivables and other current assets

3

Borrowings

121 56

200

Retirement benefit obligations

77

Restructuring provisions

2

6

Other provisions

21

31 78

Other liabilities current and non-current Total deferred tax on temporary differences Deferred tax assets / (liabilities) before netting Valuation allowances on deferred tax assets NET DEFERRED TAX ASSETS / (LIABILITIES)

44

197

269

1,545

1,847

(1,463)

(1,641)

82

206

Technicolor benefits from tax losses carried forward in countries These losses expire mainly after 2022 (€3,180 million) and arise where the Group still conduct business amount to €3,320 million. mainly from France (€1.7 billion) and United States (€1.4 billion).

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TECHNICOLOR REGISTRATION DOCUMENT 2017