technicolor - 2018 Registration document

6 FINANCIAL STATEMENTS

NOTE 12 DISCONTINUED OPERATIONS AND HELD FOR SALE OPERATIONS

12.1.1

RESULTS OF DISCONTINUED OPERATIONS

December 31,

2018

2017*

(in million euros)

Discontinued operations Revenues

18

109 (52)

Cost of sales Gross Margin

(15)

3

57

Selling and administrative expenses Research and development expenses

(14) (20)

(18) (24)

Restructuring costs

(1)

(2) (5) (5)

Net impairment gains (losses) on non-current operating assets

(4)

Other income (expense)

205 169

EARNING BEFORE INTEREST & TAX FROM DISCONTINUED OPERATIONS

3

Net financial income (expense)

(1)

(1)

Share of income (loss) from associates

-

-

Income tax

(11) 157

(7) (5)

NET INCOME (LOSS)

In 2017 amounts are re-presented according to IFRS 5. *

In 2017, the statement of operations includes the activities of Patent Licensing business and Research & Innovation on 12 months.

In 2018, the statement of operations includes 7 months of the activity of Patent Licensing business and 12 months of the activity of Research& Innovation Activity. The gain on sale of the Patent Licensing business, which amounts to €210 million, is presented in Other income.

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TECHNICOLOR REGISTRATION DOCUMENT 2018