technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS EXCEPTIONAL RESULT

Financial result

NOTE 3

2019

2018

(in million euros)

Dividends received

459

39

Depreciation on financial investments, treasury shares, current accounts and risk provisions regarding subsidiaries, net of reversal

(613) (48)

115

Net interest income/(expenses) Other net financial profit/(expenses) NET FINANCIAL PROFIT (LOSS)

(29)

2

(2)

(200)

123

The financial result is mainly impacted by the following subsidiaries: Thomson Licensing SAS • depreciations on shares in 2019 and 2018.

(22)

(111)

Technicolor USA Inc. • depreciations on shares in 2019 and 2018. Technicolor Delivery Technologies SAS • depreciations on shares in 2019 and 2018.

(113)

(155)

(37)

(15)

Société Française d’Investissement et d’Arbitrage – Sofia SA • depreciations: €(25) million of depreciation on shares in 2019 and reversal on depreciation on shares for €13 million in 2018.

(25)

13

Gallo 8 SAS • dividends

453

-

depreciations: €(390) million of depreciation on shares in 2019 and reversal on depreciation on shares for €390 million in 2018.

(390)

390

Exceptional result

NOTE 4

Exceptional items include income or charges of which the nature and amount are not recurring.

6

2019 (106)

2018

(in million euros)

Capital gains/(losses) on disposals of intangible and financial assets (1) Restructuring costs (accruals net of reversals and expenses for the year)

(1) (1)

(2)

Other net extraordinary profit/(expenses) (2) TOTAL EXCEPTIONAL PROFIT (LOSS)

(17)

9

(125) 7 In 2019, relates mainly to the impact of Gallo 8 SAS capital reduction by cancellation of shares (€151 million) and reimbursement to the shareholder (€45 million). (1) In 2019 and 2018, corresponds mainly to provisions on legacy risks. (2)

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 273