technicolor - 2020 Universal Registration Document

FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 8 - Financial assets, financing liabilities & derivative financial instruments

The table below shows the breakdown of the financial assets and liabilities by accounting category:

Fair value measurement by accounting categories as of December 31, 2020

Fair value through profit & loss

Derivative instruments (see Note 8.5)

Fair Value measure ment

Fair value through equity

At December 31, 2020, net

Amortized costs

At December 31, 2019, net

(in million euros)

Non-consolidated Investments Cash collateral & security deposits

14 39

-

14

- - - -

- Level 3

17 14

22

17

- - -

Level 1

Loans & others

2 6

2 6

- -

1

Subleases receivables

8

Derivative financial instruments Other non-current financial assets Total non-current financial assets Cash collateral and security deposits Other current financial assets Derivative financial instruments Other financial current assets

-

-

-

-

-

Level 2

-

47 61

22 40

17

2

16

- - -

- - -

Level 1

12

- -

- -

- -

- 1

Level 2

17

13 58

Cash

183 147

- -

183 147

- -

- -

Level 1 Level 1

Cash equivalents

7

Cash and cash equivalents Total current financial assets

330 347

65 78

Non current borrowings (1)

(948) (948)

(948)

-

-

-

(979) (979)

Borrowings

Derivative financial instruments Other non-current liabilities

- -

-

-

-

-

Level 2

(1) (1)

Lease liabilities

(122)

(122)

-

-

-

(224)

Total non-current financial liabilities

(1,070)

(1,204)

Borrowings

(16) (56)

(16) (56)

- - -

- - -

- -

(8)

Lease liabilities

(87)

Other current financial liabilities Total current financial liabilities TOTAL FINANCIAL LIABILITIES

(2)

-

(2) Level 2

(2)

(74)

(97)

(1,144) (1,301) Borrowings are recognized at amortized costs. The fair value of the New Money debt and Reinstated Term Loans was €977 million as of December 31, 2020 (the fair value (1) of the previous Term Loan debt was €853 million as of December 31, 2019). These fair values are based on quoted prices in active markets for term loan debt (Level 1).

6

Some cash collaterals for U.S. entities are classified as current because of their short maturity but are renewed automatically for periods of 12 months.

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