TECHNICOLOR_REGISTRATION_DOCUMENT_2017

6 - FINANCIAL STATEMENTS

Notes to the consolidated financial statements

Main features of the Group’s borrowings 8.3.3. 8.3.3.1. Analysis by maturity The table below gives the contractual maturity schedule of the Group’s debt.

2017

2016

(in million euros)

Less than 1 month

5

22 13 17 52 38 34

Between 1 and 6 months

13

Between 6 months and less than 1 year Total current debt less than 1 year

2

20

Between 1 and 2 years Between 2 and 3 years Between 3 and 4 years Between 4 and 5 years

17

7 2 5

507

-

Over 5 years

1,052 1,083 1,103

452

Total non-current debt

1,031 1,083

Total nominal debt

IFRS Adjustment (see note 8.3.3.4)

(6)

(33)

DEBT UNDER IFRS

1,097

1,050

Interest rate characteristics 8.3.3.2. At December 31, 2017 90% of the Group’s debt was at floating rate. Analysis of borrowings by currency 8.3.3.3. (in million euros)

2017

2016

Euro

816 271

756 292

U.S. Dollar

Other currencies

10

2

DEBT UNDER IFRS

1,097

1,050

IFRS analysis of the Term Loan Debt carrying amount 8.3.3.4. Carrying amount of the Term Loan Debt

The IFRS value of the Term Loan Debt is the nominal amount of the Term Loan Debt reduced by transaction costs as adjusted by the effective interest rate (EIR) method as well as any adjustments due to debt prepayments. The evolution of the IFRS discount in 2017, that is, the difference between the nominal and IFRS amount of the Term Loan Debt, is as follows:

-

(in million euros)

IFRS discount of the Term Loan Debt as of December 31, 2016 Impact of 2017 prepayments of the Old Term Loan Debt Transaction costs related to the new Term Loan Debt issuance in 2017

(33)

27

(4)

2017 EIR effect and variation due to exchange rates

4

IFRS DISCOUNT OF THE TERM LOAN DEBT AS OF DECEMBER 31, 2017

(6)

224

TECHNICOLOR REGISTRATION DOCUMENT 2017