technicolor - 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 3 - Information on operations

INFORMATION BY GEOGRAPHICAL AREA

Rest of Europe

Rest of Americas Asia-Pacific

France

UK

U.S.

Total

(in million euros)

Revenues 2020

524 749

128 235

133 163

1,558 1,718

488 708

175 227

3,006 3,800

2019

Segment assets 2020

526 619

220 265

61 68

1,276 1,581

282 332

106 134

2,470 2,999

2019

Revenues are classified according to the location of the entity that invoices the customer.

Operating income & charges

3.3

GRI [201-4]

3.3.1

RESEARCH & DEVELOPMENT EXPENSES

Year ended December 31, 2020

2019 (105)

(in million euros)

Research and Development expenses, gross

(87)

Capitalized development projects Amortization of capitalized projects

35

41

(44)

(53)

Subsidies (1)

2

3

RESEARCH AND DEVELOPMENT EXPENSES, NET Includes mainly research tax credit granted by the French State. (1)

(94)

(114)

3.3.2

SELLING & ADMINISTRATIVE EXPENSES

Year ended December 31, 2020

2019 (111) (212) (323)

(in million euros)

Selling and marketing expenses General and administrative expenses

(92)

(192) (284)

SELLING AND ADMINISTRATIVE EXPENSES

3.3.3

OTHER INCOME (EXPENSES)

Other operating income (expense) is defined under Recommendation 2013-03 of the French CNC relating to the format of consolidated financial statements prepared under international accounting standards, and comprises significant items that, because of their exceptional nature, cannot be viewed as inherent to Technicolor’s current activities. These mainly include gains and losses on disposals of fully consolidated companies, incurred or estimated costs related to major litigation, as well as items in connection with Revised IFRS 3 and Revised IAS 27 such as acquisition costs related to business combinations and changes in earn-outs related to business combinations.

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