technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS GOODWILL, INTANGIBLE & TANGIBLE ASSETS

Machinery & Equipment

Other Tangible Assets (1)

Land

Buildings

Total

(in million euros)

At December 31, 2017, net

3 3

21 63

100 1,132

118 371

243

Cost

1,570

Accumulated depreciation Exchange differences

- - - - - - - - - - - - - - - -

(42)

(1,032)

(254)

(1,327)

1 - - -

1

1

3

Additions

8

96

104

Acquisitions of businesses

- -

-

-

Disposals

(1)

(1)

Depreciation charge

(3)

(48)

(38)

(89)

Impairment loss

- -

(2) 30 89

(7)

(9)

Other (2)

(48) 122 387

(18) 233

At December 31, 2018, net

3 3

19 62

Cost

1,110

1,562

Accumulated depreciation Exchange differences

(43)

(1,021)

(265)

(1,329)

- - - -

1

3

4

Additions

2

65

67

Acquisitions of businesses

- -

- -

- -

Disposals

Depreciation charge

(3)

(39)

(28)

69 (4)

Impairment loss

- -

(2)

(2)

Other (3)

18

(58) 103 382

(40)

AT DECEMBER 31, 2019, NET

3 3

16 60

69

191

Cost

1,075

1,520

Accumulated depreciation

-

(44)

(1,006)

(279)

(1,329)

Includes assets in progress. (1) Corresponds mainly to the transfer of tangible assets in progress to Machinery and Equipment. (2) In 2019, includes reclassification to Right-of-Use assets. (3) Right-of-use assets 4.4

According to IFRS 16, a right of use is recognized on the assets with a lease debt as a counterpart on the liabilities. The analysis of rent period, mainly for buildings, considers the non-cancellable contract period, cancellable contract period and extension options, when the Group is reasonably certain to exercise these extension options. The Group reassesses whether it is reasonably certain through appreciation of the following information: the depreciation period of the fittings; • the rent evolution compared to market prices. •

6

Real Estate

Others

Total Right-of-use assets

(in million euros)

At December 31, 2018, net

-

-

-

IFRS 16 application

277

51 23

327

New contracts

9

32 19

Change in contract Depreciation charge

19

-

(68)

(31)

(99)

Impairment loss

(3)

-

(3)

Other

7

2

9

AT DECEMBER 31, 2019, NET

241

44

285

221

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019