technicolor - 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

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

The value in use of each of the securities is intrinsically linked to the cash flow forecasts set by the management, for each of the operational activities, controlled by the Group. The value in use of Thomson Licensing SAS was determined on the estimated fair value (future discounted cash flow increased of the cash available). This recoverable value takes into account notably the earnout

related to the sale of Patent Licensing business, dated July 2018. A reversal of the depreciation of the shares amounting to €1.7 million has been recorded. A 10% decrease of the earnout would generate additional depreciation of €5.7 million. In relation with the shares in subsidiaries, depreciation on current accounts and loans to subsidiaries amounts to €7 million.

The variation on the representative rights of net assets transferred to the trust is as follows:

“Gallo 8” Security-Management Trust

(in million euros)

Gross value as of December 31, 2019

-

Transfers of the year Net income of the trust

693

-

GROSS VALUE AS OF DECEMBER 31, 2020

693

Maturities of receivables included in other financial assets

7.2

(in million euros) 2021 2022 and later GROSS VALUE

2 5 7

Depreciation NET VALUE

(6)

1

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020 292