technicolor - 2018 Registration document

FINANCIAL STATEMENTS

NOTE 9 EMPLOYEE BENEFIT

In 2018, the geographical breakdown of such net obligations was as follows:

Germany

U.S. 110 (71)

UK France

Others

Total

(in million euros)

Present value of defined benefit obligation

258

119

15

22

524

Fair value of plan assets

(95)

(12)

(178) 346 (26)

RETIREMENT BENEFIT OBLIGATIONS

258 (18)

39 (5)

24 (2)

15

10 (1)

Cash flows

-

Average duration (in years)

11

8

17

11

N/A

N/A

In addition, the Group pays an average yearly funding contribution to the plan assets for around €7 million (see note 9.2.4).

Multi-employer plan 9.2.1.3

performance between each plan Member are not available, Technicolor accounts for this plan as a defined contribution plan. The average expense incurred each year is around €1 million.

Since August 2009, Technicolor participates in the Motion Picture Industry multi-employer defined benefit plan in the U.S. As the information about the dividing up of plan financial position and

ELEMENTS OF THE STATEMENT OF OPERATIONS AND OTHER COMPREHENSIVE INCOME 9.2.2 Statements of operations 9.2.2.1

Pension plan benefits

Medical

Total

2018

2018

2018

2017

2017

2017

(in million euros)

Service cost: Current service cost •

(2)

(3)

- -

- -

(2)

(3)

Past service cost and gain from settlements •

1

1

1

1

Financial interest expense, net: Interest cost on obligation • Interest income on plan assets •

(12)

(12)

- -

- -

(12)

(12)

5

5

5

5

COMPONENTS OF DEFINED BENEFIT COSTS RECOGNIZED IN PROFIT OR LOSS

(8)

(9)

-

-

(8)

(9)

6

227

TECHNICOLOR REGISTRATION DOCUMENT 2018