technicolor - 2020 Universal Registration Document

FINANCIAL STATEMENTS NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS Note 3 - Financial result

Other operating expenses and revenue

2.2

2020

2019

(in million euros)

Other operating expenses Other operating revenues

(92)

(46)

58

1

TOTAL OTHER OPERATING EXPENSES AND REVENUES

(34)

(45)

“Other operating expenses” include: the costs related to the debt restructuring for €53 million. These • charges were neutralized by a “Transfer of expenses” account in order to break them down between the various transactions involved: imputation of fees on the issue premium for €15 million, •

bond loan issuance costs for €11 million, • bond repayment premiums for €17 million; • the other Company’s current operating expenses. •

“Other operating revenues” include the above-mentioned “Transfer of expenses” as well as the transfer of expenses related to restructuring operations.

Financial result

NOTE 3

2020

2019

(in million euros)

Dividends received

77

459

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

(119) (57)

(613) (48)

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

10

2

(89)

(200)

The financial result mainly relates to the following subsidiaries: Technicolor USA Inc. • dividends in 2020

49

-

depreciations on shares in 2019

-

(113)

Technicolor Asia Pacific Holdings Pte. Ltd. • dividends in 2020

29

-

depreciations on shares in 2020

(19)

6

Gallo 8 SAS •

dividends in 2019

-

453

depreciations on shares in 2019 and 2020

(74)

(390)

Thomson Licensing SAS • depreciations on shares in 2019 (allowance) and 2020 (reversal)

2

(22)

Technicolor Delivery Technologies SAS • depreciations on shares in 2019

-

(37)

Société Française d’Investissement et d’Arbitrage – Sofia SA • depreciations on shares in 2019 and 2020

(20)

(25)

Thomson Consumer Electronics (Bermuda) Ltd. • depreciations on shares in 2020

(8)

Depreciation reversal on shares sold in the financial restructuring transactions are booked as an exceptional result.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020 287