Universal Registration Document 2021

FINANCIAL STATEMENTS TECHNICOLOR 2021 CONSOLIDATED FINANCIAL STATEMENTS

December 31,

2021 December 31, 2020*

Note

(in million euros)

EQUITY AND LIABILITIES Common stock (235,824,555 shares at December 31, 2021 with nominal value of 0.01 euro per share) (7.1)

2

2

Subordinated Perpetual Notes Additional paid-in capital & reserves Cumulative translation adjustment

500

500

30

117

(399)

(454)

Shareholders equity attributable to owners of the parent

134

165

Non-controlling interests

-

-

TOTAL EQUITY

134 261

165 325

Retirement benefits obligations

(9.2) (10.1)

Provisions

35

33

Contract liabilities

-

2

Other operating non-current liabilities Total operating non-current liabilities

(5.1)

19

21

315

381 948 122

Borrowings

(8.3) (8.3) (8.1) (6.2)

1,025

Lease liabilities

145

Other non-current liabilities

-

-

Deferred tax liabilities

20

15

Total non-current liabilities Retirement benefits obligations

1,505

1,466

(9.2) (10.1)

34 44

30 90

Provisions

Trade accounts and notes payable Accrued employee expenses

671 147

710 142

Contract liabilities

(3.2) (5.1)

81

41

Other operating current liabilities Total operating current liabilities

284

215

1,263

1,228

Borrowings

(8.3) (8.3)

17

16 56

Lease liabilities

48 29

Income tax payable

21

Other financial current liabilities Liabilities classified as held for sale

(8.1) (12)

3

2

-

56

6

Total current liabilities TOTAL LIABILITIES

1,360 2,865 2,999

1,379 2,845

TOTAL EQUITY & LIABILITIES 3,009 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.

215

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021