technicolor - 2018 Registration document

6 FINANCIAL STATEMENTS

NOTE 8 FINANCIAL ASSETS, FINANCING LIABILITIES & DERIVATIVE FINANCIAL INSTRUMENTS

Cash and cash equivalents 8.4 Cash corresponds to cash in bank accounts as well as demand deposits. Cash equivalents corresponds to very liquid short-term investments, with an original maturity not exceeding three months, which are easily

convertible at any time into a known amount of cash and for which the risk on the principal amount is negligible.

2018

2017

(in million euros)

Cash

134 157 291

219 100 319

Cash equivalents

CASH AND CASH EQUIVALENTS

Net financial expenses

8.5

2018

2017*

(in million euros) Interest income Interest expenses

3

3

(43) (40)

(46) (43)

Net interest expenses

Net interest expenses on defined benefit liability (note 9.2.2.1)

(6)

(7) (6)

10

Foreign exchange gain/(loss) (1)

Other (2)

(15) (11) (51)

(40) (53)

Other financial income (expense) NET FINANCIAL EXPENSES

(96) In 2018 the exchange result is mainly due to the impact of the depreciation of the BRL vs. the USD on an intercompany lending denominated in USD from the Group’s (1) subsidiary in Brazil to Technicolor SA. In 2017, the line “Other” was mainly related to the IFRS discount for €(27) million. (2) 2017 amounts are re-presented to reflect the impacts of Discontinued Operations (see note 12). *

220

TECHNICOLOR REGISTRATION DOCUMENT 2018