TECHNICOLOR_REGISTRATION_DOCUMENT_2017

- 6 FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Maximum impact over one year on the net exposure as of December 31, 2017 of a variation versus current rates* (in million euros) Impact on cash net interest

Impact on equity before taxes

Impact of interest rate variation of +1% Impact of interest rate variation of -1%

(9)

(9)

1

1

At December 31, 2017, 3 month EURIBOR and 3 month LIBOR were (0.38471)% and 1.69465% respectively. *

Maximum impact over one year on the net exposure as of December 31, 2016 of a variation versus current rates* (in million euros) Impact on cash net interest

Impact on equity before taxes

Impact of interest rate variation of +1% Impact of interest rate variation of -1%

(4) (1)

(4) (1)

At December 31, 2016, 3 months EURIBOR and 3 months LIBOR were (0.319)% and 0.998% respectively. *

Liquidity risk and management of financing and of capital structure 8.2.3. Liquidity risk is the risk of being unable to raise funds in the financial cash flows and financing needs. To implement these policies, the markets necessary to meet upcoming obligations. In order to reduce Group uses various long-term and committed financings which may this risk, the Group pursues policies with the objectives of having include equity (see note 7.1), debt (see note 8.3), subordinated debt continued uninterrupted access to the financial markets at reasonable (see note 7.2.2) and committed credit lines.

conditions. These policies are developed based on regular reviews and analysis of its capital structure, including the relative proportion of debt and equity in the context of market conditions and the Group’s financial projections. Among other things these reviews take into account the Group’s debt maturity schedule, covenants, projected

The tables below show the future contractual cash flow obligations due on the Group’s debt. The interest rate flows due on floating rate instruments are calculated based on the rates in effect at December 31, 2017 and December 31, 2016, respectively.

At December 31, 2017

There after

2018

2019

2020

2021

2022

Total

(in millions euros)

Floating rate Term Loan Debt – principal Fixed rate Term Loan Debt - principal Term Loan Debt – accrued interest Other debt – principal and accrued interest TOTAL DEBT PRINCIPAL PAYMENTS

2

3

2

2

3

962

974

-

- -

- -

- - -

- -

90

90

4

- -

4

14

14

5

2

35

20

17

7

2

5 1,052 1,103

IFRS Adjustment

(6)

Debt in IFRS

1,097

Floating rate Term Loan Debt – interest Fixed rate Term Loan Debt - interest

35

35

35

35

35

35

210

2

2

2

2

2

2

12

Other debt - interest

1

1

-

-

-

-

2

TOTAL INTEREST PAYMENTS

38

38

37

37

37

37

224

221

TECHNICOLOR

REGISTRATION DOCUMENT 2017