technicolor - 2019 Universal registration document

6 FINANCIAL STATEMENTS

TECHNICOLOR 2019 CONSOLIDATED FINANCIAL STATEMENTS

TECHNICOLOR 2019 CONSOLIDATED 6.1 FINANCIAL STATEMENTS GRI [201-1]

Consolidated statement of operations 6.1.1

Year ended December 31, 2019

Note

2018

(in million euros)

CONTINUING OPERATIONS Revenues

3,800 (3,375)

3,988 (3,521)

Cost of sales Gross margin

425

467

Selling and administrative expenses Research and development expenses

(3.3) (3.3) (10.1) (4.5) (3.3.3)

(323) (114)

(292) (127)

Restructuring costs

(31) (63) (15)

(62) (81) (24)

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

Other income (expense)

Earnings before Interest & Tax (EBIT) from continuing operations

(121)

(119)

Interest income Interest expense

1

3

(70) (15) (84)

(43)

Other financial income (expense) Net financial income (expense) Share of gain (loss) from associates

(11)

(8.5)

(51)

(1) (3)

-

Income tax

(6)

(54)

Profit (loss) from continuing operations DISCONTINUED OPERATIONS Net gain (loss) from discontinued operations

(208)

(224)

(12)

(22)

157

Net income (loss)

(230)

(67)

Attribuable to: e quity holders of the parent • non-controlling interest •

(230)

(68)

1

-

The accompanying notes on pages 202 to 262 are an integral part of these consolidated financial statements.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 196