technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS EMPLOYEE BENEFIT

Multi-employer plan 9.2.1.3 Since August 2009, Technicolor participates in the Motion Picture Industry multi-employer defined benefit plan in the U.S. As the information about the dividing up of plan financial position and performance between each plan Member are not available, Technicolor accounts for this plan as a defined contribution plan. The average expense incurred each year is around €3 million.

Medical Post-retirement benefits In the U.S. & in Canada, Technicolor provided to certain employees a post-retirement medical plan. The medical plan in the U.S. includes basic medical and dental benefits and has been closed to new entrants. The medical plan in Canada includes life insurance, health and dental care benefit coverage and was closed to new entrants.

ELEMENTS OF THE STATEMENT OF OPERATIONS AND OTHER COMPREHENSIVE INCOME 9.2.2 Statements of operations 9.2.2.1

Medical Post-retirement benefits

Pension plan benefits

Total

2019

2019

2019

2018

2018

2018

(in million euros)

Service cost: Current service cost •

(3)

(2)

- -

- -

(3)

(2)

Past service cost and gain from settlements •

3

1

3

1

Financial interest expense, net: Interest cost on obligation • Interest income on plan assets •

(13)

(12)

- -

- -

(13)

(12)

6

5

6

5

COMPONENTS OF DEFINED BENEFIT COSTS RECOGNIZED IN PROFIT OR LOSS

(7)

(8)

-

-

(7)

(8)

Other comprehensive income 9.2.2.2

Medical Post-retirement benefits

Pension plan benefits

Total

2019

2019 (178)

2018

2018 (192)

2019

2018

(in million euros)

OPENING

Actuarial gains/(losses) arisen on plan assets: due to the return on plan assets • Actuarial gains/(losses) arisen on benefit obligation: due to changes in demographic assumptions • due to changes in financial assumptions (1) •

20

(14)

-

-

20

(14)

(2)

6

- - -

- - -

(2)

6

6

(53)

19

(53)

19

due to experience adjustments •

(9)

3

(9)

3

COMPONENTS OF DEFINED BENEFIT COSTS RECOGNIZED IN OCI

(44)

14

-

-

(44)

14

CLOSING (178) In 2019, the decrease in discount rates (see note 9.2.5) resulted in actuarial losses for €45 million. In 2018, the increase in discount rates resulted in actuarial gains for (1) €19 million. (222)

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 245