technicolor - 2018 Registration document

6 FINANCIAL STATEMENTS NOTE 6 INCOME TAX

6.2.2

SOURCE OF DEFERRED TAXES

2018 1,365

(in million euros)

2017 1,348

Tax losses carried forward

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

21 13

20

Goodwill

19

Intangible assets

(101)

(108)

Investments and other non-current assets

(3)

(3) 10

Inventories

8

Receivables and other current assets

18

15

Borrowings

131

121 56

Retirement benefit obligations

51

Restructuring provisions

6

2

Other provisions

22 40

21

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

206

197

1,571

1,545 (1,463)

(1,554)

17

82

Technicolor benefits from tax losses carried forward in countries where the Group still conducts business amount to €3,468 million. These losses mainly arise from France (€1.7 billion) and the United States (€1.5 billion). In the United States, they will expire after 2022.

208

TECHNICOLOR REGISTRATION DOCUMENT 2018