technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS TECHNICOLOR 2019 CONSOLIDATED FINANCIAL STATEMENTS

December 31,

2019 December 31, 2018

Note

(in million euros)

EQUITY AND LIABILITIES Common stock (414,461,178 shares at December 31, 2019 with nominal value of 1 euro per share)

(7.1) (7.2)

414

414

Treasury shares

-

(158) 500 (113) (372)

Subordinated Perpetual Notes Additional paid-in capital & reserves Cumulative translation adjustment

500

(540) (339)

Shareholders equity attributable to owners of the parent

36

271

Non-controlling interests

-

1

TOTAL EQUITY

36

272 320

(9.2) (10.1)

342

Retirement benefits obligations

Provisions

30

19

Contract liabilities

3

4

Other operating non-current liabilities Total operating non-current liabilities

(5.1)

25

38

400 979 224

382

Borrowings

(8.3) (1.2) (8.1) (6.2)

1,004

Lease liabilities

- -

Other non-current liabilities

1

Deferred tax liabilities

27

193

Total non-current liabilities Retirement benefits obligations

1,631

1,579

(9.2) (10.1)

33 70

26 113

Provisions

Trade accounts and notes payable Accrued employee expenses

825 134

1,135

116

Contract liabilities

40

100 310

Other current operating liabilities Total operating current liabilities

(5.1)

302

1,404

1,799

Borrowings

(8.3) (1.2)

8

20

Lease liabilities

87 41

-

Income tax payable

34

6

Other current financial liabilities Liabilities classified as held for sale

(8.1) (12)

2

4

-

51

Total current liabilities TOTAL LIABILITIES

1,542 3,173 3,210

1,908 3,487 3,759

TOTAL EQUITY & LIABILITIES

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

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 199