technicolor - 2018 Registration document

6 FINANCIAL STATEMENTS NOTE 12 OTHER INFORMATION

Rest of the world In November 2014, several Vestel entities filed a lawsuit before a court in the Netherlands against Technicolor SA and Technicolor USA (and other defendants) alleging anticompetitive behaviour in the CRT industry. Technicolor USA was dismissed from the case by the Dutch court in July 2016 on jurisdictional grounds. As appropriate and to the extent required, Technicolor SA will file responsive pleadings. Vestel also brought suit in Turkey, which was dismissed on procedural grounds in January 2019. Finally, Technicolor SA, along with other defendants, is defending on similar grounds a number of cases: in Germany against German manufacturers; (i)

CATHODE RAY TUBES CASES United States

In 2017, Technicolor entered into settlement agreements with the remaining plaintiffs in the legal actions that Technicolor had been defending in the United States pertaining to alleged anticompetitive conduct in the Cathode Ray Tubes (“CRT”) industry. With these final settlements, all CRT cases are now settled in the US. However, the District Court decision approving the settlement in 2015 of a class action brought by a group of indirect purchasers of CRT was remanded in February 2019 to the U.S. District Court by the California Court of Appeals so that the District Court may reconsider its approval of the settlement. As a result of those settlements, the Group recognized in 2018 a cash impact of €7 million.

in the Netherlands against Brazilian manufacturers; and (ii) in the United Kingdom against a Turkish manufacturer. (iii)

At this time, Technicolor is unable to assess the potential outcome from those cases and the resulting potential liability as the proceedings are at an early stage and the claims have been substantiated.

Other information

NOTE 12

Trade accounts and other current assets and liabilities 12.1 Trade receivables and other current operating assets are valued at historical cost. A depreciation charge is recorded when recoverable value is lower than book value.

Income or charges are accrued when the service has been provided to or supplied by the Company before the end of the financial year and when they can be measured with sufficient assurance.

Current liabilities mainly consist of debts with a maturity of less than one year. This caption includes tax and social security liabilities, trade payables and fixed assets payables.

Current assets mainly include current accounts of Group subsidiaries for €717 million (net of depreciation for €62 million).

Accrued income are booked in the following captions:

2018

2017

(in million euros)

Trade receivables

29

44

of which accrued income

4

5

Other current assets

32

54 43

of which accrued income

21

272

TECHNICOLOR REGISTRATION DOCUMENT 2018