technicolor - 2020 Universal Registration Document

FINANCIAL STATEMENTS NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS Note 7 - Financial assets

Variation of financial assets

7.1

Shares in subsidiaries

Other financial assets (1)

Total financial assets

(in million euros)

At December 31, 2019, Net

2,148 11,770

2 7

2,150 11,777

Cost

Accumulated depreciation

(9,622)

(6)

(9,627)

Acquisitions/recapitalizations (2)

1,308

693

2,001

Disposals (3)

(8,839)

- - -

(8,839)

Depreciation (4)

(121)

(121)

Reversals of depreciation provisions (5) AT DECEMBER 31, 2020, NET

6,477

6,477 1,668 4,940 (3,272)

973

695 701

Cost

4,239

Accumulated depreciation

(3,266)

(6)

In 2020, includes, net of depreciation: (1) €2 million of cash collateral; • €693 million of asset corresponding to the representative rights of assets transferred to the trust (Gallo 8 SAS equity securities). • Corresponds mainly to: (2) the share capital increase of Tech 6 SAS subscribed in cash by offsetting debt for an amount of €149 million and by contribution in kind for an amount of €518 million; • the share capital increase of Gallo 8 SAS subscribed in cash by offsetting debt for an amount of €504 million, before transfer of the shares to the trust; • the share capital increase in cash of Technicolor USA Inc. for an amount of €137 million before selling the equity securities to Tech 7 SAS. • sale of Technicolor Delivery Technologies SAS equity securities with a gross value of €973 million to Gallo 8 SAS; • sale of Technicolor Trademark Management SAS equity securities with a gross value of €214 million to Gallo 8 SAS; • sale of Thomson Multimedia Distribution (Netherlands) BV equity securities with a gross value of €187 million to Tech 7 SAS; • sale of Technicolor Mexicana S. de RL de CV equity securities with a gross value of €58 million to Technicolor Home Entertainment Services Inc.; • sale of RCA Trademark Management SAS equity securities with a gross value of €25 million to Gallo 8 SAS; • sale of Mikros Image SAS equity securities with a gross value of €25 million to Tech 7 SAS; • sale of Technicolor Animation Productions SAS equity securities with a gross value of €22 million to Tech 7 SAS; • sale of Technicolor Export de Mexico S. de RL de CV equity securities with a gross value of €14 million to Technicolor Home Entertainment Services Inc.; • Corresponds mainly to the following operations realized as part of the financial restructuring of the Group: (3) sale of Technicolor USA Inc. equity securities with a gross value of €5,354 million to Gallo 8 SAS; •

contribution in kind to Tech 7 SAS of Technicolor Canada Inc. equity securities with a gross value of €418 million; • contribution in kind to Tech 7 SAS of The Moving Picture Company Ltd. equity securities with a gross value of €100 million; •

transfer to the trust of Gallo 8 SAS equity securities with a gross value of €1,441 million. • In 2020, depreciation on shares in subsidiaries concerns mainly the following subsidiaries: (4) Gallo 8 SAS: €74 million; •

Technicolor Asia Pacific Holdings Pte. Ltd.: €19 million; • Thomson Consumer Electronics (Bermuda) Ltd.: €8 million; • Société Française d’Investissement et d’Arbitrage – Sofia SA: €20 million. • In 2020, reversal of depreciation on subsidiaries shares concerns mainly the sales realized as part of the financial restructuring of the Group: (5) Thomson USA Inc.: €4,849 million; • Gallo 8 SAS: €748 million; • Technicolor Delivery Technologies SAS: €657 million; • Thomson Multimedia Distribution (Netherlands) BV: €186 million; • Mikros Image SAS: €25 million; • Technicolor Animation Productions SAS: €3 million. •

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020 291