technicolor - 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

TECHNICOLOR 2020 CONSOLIDATED FINANCIAL STATEMENTS

TECHNICOLOR 2020 CONSOLIDATED 6.1 FINANCIAL STATEMENTS GRI [201-1]

Consolidated statement of operations 6.1.1

Year ended December 31, 2020

Note

2019

(in million euros)

CONTINUING OPERATIONS Revenues

3,006 (2,725)

3,800 (3,375)

Cost of sales Gross margin

281

425

Selling and administrative expenses Research and development expenses

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

(284)

(323) (114)

(94)

Restructuring costs

(100)

(31) (63) (15)

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

(75)

Other income (expense)

8

Earning before Interest & Tax (EBIT) from continuing operations

(264)

(121)

Interest income Interest expense

4

1

(82) 158

(70)

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

-

(3) 77

(15)

(8.5)

(84)

-

(1) (3)

Income tax

(6)

(5)

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

(193)

(208)

(12)

(15)

(22)

Net income (loss) Attribuable to: equity holders •

(207)

(230)

(207)

(230)

non-controlling interest •

-

-

The accompanying notes on pages 207 to 270 are an integral part of these consolidated financial statements.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020 200