Foto di copertina:
Progetto Santiago Calatrava_Comune di Reggio Emilia_Foto Kai-Uwe Schulte-Bunert
2018
Annual Report
CONTENTS
REPORT ON OPERATIONS
TIM Group___________________________________________4
Key Operating and Financial Data - TIM Group ______________________________________9
Financial and Operating Highlights of the Business Units of the TIM Group _____________23
Main Commercial Developments _________________________________________________34
Main changes in the regulatory framework_________________________________________ 37
Competition ___________________________________________________________________42
Consolidated Financial Position and Cash Flows Performance ________________________46
Consolidated Data - Tables of detail ______________________________________________53
Social and environmental impact of operations and their economic aspects____________61
Research and development ______________________________________________________66
Consolidated Non-Financial Statement____________________________________________ 71
Events subsequent to December 31, 2018 __________________________________________ 72
Business Outlook for the Year 2019 _______________________________________________ 72
Main risks and uncertainties______________________________________________________ 74
Information for Investors ________________________________________________________ 78
Related party transactions and direction and coordination activity ____________________ 81
Alternative Performance Measures _______________________________________________82
TIM S.p.A.__________________________________________84
Review of Key Operating and Financial Data - TIM S.p.A. _____________________________85
Financial Statements - TIM S.p.A. _________________________________________________ 97
Reconciliation of Consolidated Equity ____________________________________________103
Corporate Boards at December 31, 2018 __________________________________________104
Macro-Organization Chart ______________________________________________________106
TIM GROUP CONSOLIDATED FINANCIAL STATEMENTS____108
Contents _____________________________________________________________________ 111
Consolidated Statements of Financial Position ____________________________________ 112
Separate Consolidated Income Statements _______________________________________ 114
Consolidated Statements of Comprehensive Income _______________________________ 115
Consolidated Statements of Changes in Equity ____________________________________ 116
Consolidated Statements of Cash Flows __________________________________________ 117
Notes to the Consolidated Financial Statements ___________________________________ 119
Certification of the Consolidated Financial Statements pursuant to Article 81-ter
of Consob Regulation 11971 dated May 14, 1999, with Amendments and Additions _____ 272
Independent Auditors' Report ___________________________________________________ 273
TIM S.p.A. SEPARATE FINANCIAL STATEMENTS___________274
Contents _____________________________________________________________________ 277 Statements of Financial Position_________________________________________________278
Separate Income Statements __________________________________________________ 280
Statements of Comprehensive Income ___________________________________________281
Statements of Changes in Equity ________________________________________________282
Statements of Cash Flows ______________________________________________________283
Notes to the Separate Financial Statements of TIM S.p.A. ___________________________285
Certification of the Separate Financial Statements Pursuant to Article 81-ter
of Consob Regulation 11971 dated May 14, 1999, with Amendments and Additions _____424
Independent Auditors' Report ___________________________________________________425
OTHER INFORMATION_________________________________427
Report of the Board of Statutory Auditors_________________________________________429
Proposed Resolutions __________________________________________________________451
Glossary ______________________________________________________________________ 455
Useful Information_____________________________________________________________474
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Telecom Italia S.p.A. published this content on 15 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 March 2019 14:53:17 UTC