FORM 20-F THOMSON multimedia - Technicolor

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Sensitivity to Interest Rate Fluctuations The table below provides an indication of the estimated future cash flows existing at December 31, 2001 from our interest rate hedging instruments and the related hedged assets and liabilities. These cash flows are calculated based as applicable on the LIBOR 3 months of (1.88%) and on the applicable spot currency exchange rates at December 31, 2001. At December 31, 2001 2002 2003 2004 2005 2006 Thereafter (1 in millions) Interest-rate swaps Fixed rates: Borrower.................................................................... — — — — — — Lender (average rate: 8.96%)................................... 0.3 — — — — — Floating rates: Borrower (3-months LIBOR) ..................................... (0.1) — — — — — Lender (3-months LIBOR) ........................................ — — — — — — Total interest-rate swaps.................................... 0.2 — — — — — Long-term debt Fixed rates.................................................................... (8.5) (8.5) (8.4) (8.4) (87.0) (0.2) Floating rate.................................................................. — — — — — — (LIBOR 1-month: 1.87%).............................................. (0.2) (0.2) (0.2) (0.2) (0.2) (0.1) Total long-term debt................................................... (8.7) (8.7) (8.6) (8.6) (87.2) (0.3) Short-term debt and bank overdraft net of cash and cash equivalents (floating rate 1-month EURIBOR: 3.33%)....................................................................... 3.4 — — — — — Fair value of financial instruments The fair value of interest rate swap contracts is calculated by discounting the future cash flows. The fair value of forward exchange contracts is computed by discounting the difference between the contract and the market forward rate and multiplying it by the nominal amount. The fair value of currency options is calculated using standard option pricing software and verified with banks. The fair value of all current assets and liabilities (trade accounts receivable and payable, short term loans and debt, cash, bank overdrafts) is considered to be equivalent to net book value due to their shortterm maturities. The fair value of long-term debt is determined by estimating future cash flows on a borrowing-by-borrowing basis and discounting these future cash flows using the borrowing rates at year-end for similar types of borrowing arrangements. The fair value of listed investment securities is calculated using their last known market price at year-end. The table below shows the net book value and market value of financial assets, liabilities and off-balance sheet items. 100
December 31, 2000 December 31, 2001 Net book Market Net book Market value value value value (1 in millions) Balance sheet: Liability: Long-term debt........................................................................ 33 33 26 26 Convertible/exchangeable bonds (OCEANEs) ....................... Assets: 812 826 812 776 GEMSTAR-TV Guide .............................................................. 42 589 31 258 M.I.H ........................................................................................ 40 36 23 21 Other........................................................................................ Off-balance sheet: Interest rate instruments 24 18 9 9 Interest rate swaps — received fixed ..................................... Foreign exchange instruments — 1 — — Forward contracts.................................................................... — 9 — (1) Currency option contracts ....................................................... Equity instruments — (7) — — Collar ....................................................................................... — 15 — 47 ITEM 12 — DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES Not applicable. 101
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As filed with the Securities and Ex
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INTRODUCTION In this Annual Report
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PART I ITEM 1 — IDENTITY OF DIREC
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1997 1998 1999 2000 2001 (1) 2001 1
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B — Exchange Rate Information Our
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we have limited operating history,
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projects that such shareholder may
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publishers, network operators and e
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division. Our relative decrease in
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we initiated at the end of 2001 our
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approval. Nextream combines busines
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) Digital Optical Components We pro
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our presence with global retailers
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product. Through Nextream, we will
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) Within personal media services, w
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We have obtained significant price
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Location Division Products Asia: Ba
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ITEM 5 — OPERATING AND FINANCIAL
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and 10% in 1999. The acquisition of
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Accordingly, under U.S. GAAP, the g
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effect of the events of September 1
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labor costs resulting from the impl
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Our operating income under U.S. GAA
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offerings, the accounting treatment
Page 49 and 50: GROWL in the United States. These p
Page 51 and 52: Other income and expense Other inco
Page 53 and 54: In evaluating our cash flow perform
Page 55 and 56: Guarantees given by subsidiaries of
Page 57 and 58: ITEM 6 — DIRECTORS, SENIOR MANAGE
Page 59 and 60: Initially Other business Principal
Page 61 and 62: Charles Dehelly was appointed Chief
Page 63 and 64: The following table, sets forth the
Page 65 and 66: French subsidiaries will pay bonuse
Page 67 and 68: our shares and have a nominal value
Page 69 and 70: exclusive right to grant licenses t
Page 71 and 72: In connection with the investigatio
Page 73 and 74: consumers who acquired certain tele
Page 75 and 76: are also permitted to offer investo
Page 77 and 78: The tables below set forth, for the
Page 79 and 80: ITEM 10 — ADDITIONAL INFORMATION
Page 81 and 82: general meeting affecting these rig
Page 83 and 84: oth for a period of up to five year
Page 85 and 86: an ordinary general meeting, or by
Page 87 and 88: that Euroclear France provide us at
Page 89 and 90: The shareholders, at an extraordina
Page 91 and 92: This discussion is intended only as
Page 93 and 94: ) a tax-exempt organization, ) a li
Page 95 and 96: A simplified certificate must state
Page 97 and 98: ITEM 11 — QUANTITATIVE AND QUALIT
Page 99: Sensitivity To Exchange Rate Fluctu
Page 103 and 104: ITEM 17 — FINANCIAL STATEMENTS No
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FORM 20-F THOMSON multimedia - Technicolor

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