technicolor - 2018 Registration document

FINANCIAL STATEMENTS

NOTE 11 SPECIFIC OPERATIONS IMPACTING THE CONSOLIDATED STATEMENT OF CASH-FLOWS

Cash impact of debt repricing and financing operations 11.2

2018

Note

2017

(in million euros)

(1.1) (1.1)

- - - -

644

Proceeds from non-current borrowings (2)

-

Reimbursement of non-current borrowings to debt holders (4) Cash impact of non-current borrowings variation

644

(1.1) (1.1)

2

Proceeds from current borrowings (2)

(122) (122)

(612) (610)

Reimbursement of current borrowings to debt holders (4) Cash impact of current borrowings variation

-

1

Increase of Capital (net of fees paid) (1)

(8.5)

(3)

(7)

Fees paid for debt (3)

TOTAL CASH IMPACT OF REFINANCING AND SHARE CAPITAL OPERATIONS

(125)

28

Includes the MIP/LTIP cash impact for €1 million in 2017. (1) Relates to the issuance of new Term Loan Debt on March 2017 and EIB loan on January 2017 for total amount of €646 million; (2) Fees paid directly linked to the Group’s debt have been recorded as financing cash flows: (3) In 2018, it includes mainly fees related to the the Group’s credit lines for €2 million. In 2017, it includes €4 million for the new Term Loan Debt issued in March 2017, €1 million for the Term Loan Debt done in December 2016, and €2 million for revolving credit facility fees. In 2018, €90 million related to the EIB loan were repaid and €2 million related to 2017 Term Loan Debt. (4) In 2017, in addition to debt contractual refunds, €601 million for the Old Term Loan Debt maturing in 2020 were repaid.

The tables below show the Group’s borrowing variation in the Balance Sheet:

Non cash variation

IFRS Discount of Term Loan Debt

Transfer Current – Non Current

Cash impact of borrowing variation

Capital leases recognition

Currency Translation Adjustments

December 31, 2018

Other Movements

December 31, 2017

(in million euros)

Non Current Borrowing

1,077

-

21 10 31

(10) (14) (24)

11

(92)

(3)

1,004

Current Borrowing

20 (93)

1

92

4

20

TOTAL BORROWING 1,097

(93)

12

-

1

1,024

Non cash variation

IFRS Discount of Term Loan Debt

Transfer Current – Non Current

Cash impact of borrowing variation

Capital leases recognition

Currency Translation Adjustments

6

Other Movements

December 31, 2017

December 31, 2016

(in million euros)

Non Current Borrowing

998

644

15 15

27

(52)

(554)

(1)

1,077

Current Borrowing

52 (610)

-

7

554

2

20

TOTAL BORROWING 1,050

34

30

27

(45)

-

1

1,097

239

TECHNICOLOR REGISTRATION DOCUMENT 2018