Universal Registration Document 2021

6 FINANCIAL STATEMENTS

TECHNICOLOR 2021 CONSOLIDATED FINANCIAL STATEMENTS

TECHNICOLOR 2021 CONSOLIDATED 6.1 FINANCIAL STATEMENTS [201-1]

Consolidated statement of operations 6.1.1

Year ended December 31, 2021

Note

2020*

(in million euros)

CONTINUING OPERATIONS Revenue

(3.2)

2,898

3,006 (2,729)

Cost of sales Gross margin

(2,494)

404 (263)

278

Selling and administrative expenses Research and development expenses

(3.3) (3.3) (10.1) (4.5) (3.3)

(283)

(84) (37)

(94)

Restructuring costs

(100)

Net impairment losses on non-current operating assets

(5)

(75)

Other income

14

8

Earnings before Interest & Tax (EBIT) from continuing operations

30

(267)

Interest income Interest expense

-

4

(126)

(82) 158

Net gain on financial restructuring

- -

Other financial expenses

(3) 77 (5)

(3.4)

Net financial income (expense)

(127)

Income tax expense

(6)

(24)

Loss from continuing operations DISCONTINUED OPERATIONS Net loss from discontinued operations

(121)

(196)

(12)

(19)

(15)

Net loss for the year

(140)

(211)

Attribuable to: Equity holders •

(140)

(211)

Non-controlling interest • - 2020 amounts restated considering IFRS IC decision dated April 2021, addressing how costs of configuring and customising a software in a Saas arrangement should be * accounted for – refer to note 1.2.2. The accompanying notes on pages 218 to 282 are an integral part of these consolidated financial statements -

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021