Maroc Telecom Group's consolidated financial data is summarized in the following table. Selected financial data from the three fiscal years ended December 31, 2018, 2019, and 2020, were drawn from Group consolidated financial statements prepared in compliance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU)
and audited by the statutory auditors.
1.1.
CONSOLIDATED RESULTS IN MOROCCAN DIRHAMS
Statement of comprehensive income
(In MAD million)
2018
2019
2020
Revenues Operating expenses Earnings from operations
Earnings from continuing operations Net earnings
Attributable to equity holders of the parent Earnings per share (in MAD)
Diluted earnings per share (in MAD)
36,032 24,980
36,517 36,769
28,286 24,750
11,052 11,040 6,938 6,010
8,231 12,018
8,220 10,505
3,598 6,289
2,726 5,423
6.84 6.84
3.10 6.17
3.10 6.17
Statement of financial position
ASSETS (in MAD million)
2018
2019
2020
Non-current assets Current assets Total assets
48,053 14,078
51,485 48,579
13,365 14,960
62,131
64,851 63,540
SHAREHOLDERS' EQUITY AND LIABILITIES (in MAD million)
2018
2019
2020
Share capital
Shareholders'equity, attributable to equity holders of the
parent
Non-controlling interests
Shareholders 'equity Non-current liabilities Current liabilities
Total Shareholders' equity and liabilities
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Maroc Telecom - Itissalat Al-Maghrib published this content on 19 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2021 05:33:03 UTC.
Maroc Telecom is Morocco's No. 1 telecommunications operator. Net sales (including intra-group) break down by activity as follows:
- mobile telephony (58.4%): 19.5 million customers in Morocco at the end of 2020, distributed between customers with prepaid cards (17.2 million) and with post-paid subscriptions (2.3 million). At the end of 2020, the group owned 13,000 base stations;
- fixed telephony and Internet (41.6%): fixed telephony services (2 million lines installed in Morocco as of the end of 2020), interconnection services, data transmission, and Internet access (1,738,000 subscribers). At the end of 2020, the network had a total of 45,000 km of urban fiber optic and intercity fiber optic cables.
Products and services are marketed through a network of 4,400 owned agencies, more than 75,000 group-approved points of sale (tobacconists, local shops, etc.) and independent distribution channels.
Morocco accounts for 56.8% of net sales (including intra-group).
ITISSALAT AL-MAGHRIB (IAM) S.A. 
